Kohinoor wrote:That list doesn't appear to account for solo attorneys. It defines a small firm as 2-10 lawyers therefore we never get numbers for solos. Considering that the Department of Labor identifies 27% of lawyer as self-employed, that is a startling oversight. I'm guessing that it also doesn't account for staff attorneys.
Another thing to keep in mind is that that is the data for the graduates that actually find gainful employment as lawyers at halfway reputable firms. That listing doesn't mention unemployment or underemployment at all.
'Compensation consultants, industry organizations, and trade publications, as well as from the U.S. Department of Labor's Bureau of Labor Statistics' isn't a very useful citation for anyone seeking to fact-check their data. Impossible to critique sources when said sources are never explicitly stated.
So find something better. While it's not easy to fact check, I would say those seem like pretty reliable sources on the surface. Compensation consultants are generally used by employers to consult them on how much to pay their prospective employees. So if anything this source has an incentive to deliver low salary projections, given their source of income. Industry organizations and trade journals, again, don't see much incentive to lie from lawyers actually in the field. Given the intense veracity of the lawyers who post here and the seemingly growing anger among lawyers towards lower-tier law graduates, I would think that lawyers would have some incentive to downplay salary prospects as well. And the BLS, well I am not sure what incentive they would have to lie about lawyer salaries either.
Of course you are going to see ATL articles about young lawyers' struggles right now. Every field is struggling right now. But those articles tend to focus on a tiny fraction of the lawyer pool. They single out one struggling lawyer here, one struggling lawyer there. They profile a BU grad who never found a job. I want to see hard data that shows 2 things with a LARGE sample (1) a rising unemployment rate among lawyers that exceeds that of the general population. (2) Salaries for first year associates that show MOST of them (T100 grads in particular) in the sub-60k range. Not 1/3 of them. Not 40% of them. MOST. Better yet, I am hoping to see 80% of them in sub-55k range like snotrocket claims.
I have yet to see anyone post any hard statistical evidence that DOES show mass unemployment in the legal field. I have yet to see hard evidence of "35-60k" or "45-55" being "quite the rule."
Someone find it, and I will shut up and even consider deactivating my TLS account.