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The Economy Continues to Take Its Toll on Jobs for New Law Grads

Regardless of the impressive statistics that law schools may report, there are now fewer jobs than ever available for attorneys, particularly for new graduates of law school, with the deficit between graduates and jobs estimated at 15,000 each year. [1] Typically, law students interview during the fall...

Bureau of Labor Statistics Reports Legal Jobs Decline in February

Just when the legal industry was starting to crawl forward in its battle against unemployment , it gets shoved back into the real world. The Bureau of Labor Statistics' recent monthly employment report has revealed a loss of 2,900 legal jobs in February. Apparently January's legal-industry job...

Last Year’s Law Grads Faced Toughest Job Market in 15 Years

NALP released its Employment Report and Salary Survey for the law school class of 2010. Nine months after graduation, the employment rate stood at 87.6%, the lowest since 1996. Several other disturbing trends emerged in the survey. Only 68% of those graduates who got jobs obtained positions that require...

A Surplus of Attorneys--Three States Top the List

According to one recent study, New York has a whole lot of lawyers with not a whole lot of legal stuff to do. The New York Times reported on a recent study by consulting company Economic Modeling Specialists Inc. ("EMSI") regarding the surplus of attorneys in the U.S. EMSI researched...

Stagnant Legal Hiring Trend May Have Pre-Dated the Recession

Lasting changes predicted for the Legal Industry A dramatic transformation is occurring in the legal profession, according to an ABA Journal report. You probably realized that, but what may not have been as obvious is the origination of this large structural shift in the industry. The decline appears...

Salaries Drop for Recent Law School Grads

Last week, NALP released a new report on starting salaries for the class of 2010, and just like recent law grads' job prospects, their salary potential is looking down. According to The AmLaw Daily , "the median starting salary for 2010 law school graduates dropped 13 percent to $63,000 when...

Happy Days Ahead for Job Prospects--Maybe?

The report today of a drop to 8.5% in the U.S. unemployment rate is good news, but what does it mean for American law firms? Are happy days here again? Three important points come to mind: It will be more important than ever that U.S. law firms base their 2012 business plans, as well as...

Help! Graduation is Coming and I Still Don't Have a Job!

So, what are you doing after graduation? For seniors who aren't quite sure yet, being on the receiving end of this question can be torture. Luckily, there is still time to figure out your next step so that you can enjoy your last few weeks of delayed adulthood-and have an answer for Grandma next...

Tech Picks Up Where Recession Left Off — Costing Legal Jobs

The term "BigLaw," used to describe the top global law firms, has become part of our profession's language. And until very recently, these behemoths appeared to be unstoppable both in terms of their growth and the wealth that they generated for their partners. But the Great Recession...