http://www.nytimes.com/2010/07/11/busin ... ndex.jsonp
Anyone think this foreshadows good things for legal hiring soon?
Sorry if this would be better off in the lounge; I wasn't quite sure whether to post it there or here.
Wall St. Hiring Picking Up Forum
Forum rules
Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
-
rayiner
- Posts: 6145
- Joined: Thu Dec 11, 2008 11:43 am
Re: Wall St. Hiring Picking Up
The increase in hiring and cautious optimism stand in sharp contrast to the mood among workers in other fields, where jobs have been slow to return or are disappearing altogether. Since June 2008 the number of jobs has shrunk by nearly 14 percent in manufacturing and by 22 percent in construction, but only by 8.5 percent in the financial industry nationwide.
It is also the opposite of what is going in other highly paid, white-collar professions like law, where employment nationwide in June was the lowest since late 2001, according to data from the Bureau of Labor Statistics.
-
Thomas Jefferson
- Posts: 384
- Joined: Sun Feb 21, 2010 6:32 pm
Re: Wall St. Hiring Picking Up
Yes, but I wasn't asking about the current state of legal hiring, but rather if this foreshadows anything for the state of legal hiring in the near future.rayiner wrote:The increase in hiring and cautious optimism stand in sharp contrast to the mood among workers in other fields, where jobs have been slow to return or are disappearing altogether. Since June 2008 the number of jobs has shrunk by nearly 14 percent in manufacturing and by 22 percent in construction, but only by 8.5 percent in the financial industry nationwide.
It is also the opposite of what is going in other highly paid, white-collar professions like law, where employment nationwide in June was the lowest since late 2001, according to data from the Bureau of Labor Statistics.
-
ConMan345
- Posts: 577
- Joined: Tue Sep 29, 2009 1:08 pm
Re: Wall St. Hiring Picking Up
Could be anywhere from 6 months to 3 years, and never very much at that.Thomas Jefferson wrote:Yes, but I wasn't asking about the current state of legal hiring, but rather if this foreshadows anything for the state of legal hiring in the near future.rayiner wrote:The increase in hiring and cautious optimism stand in sharp contrast to the mood among workers in other fields, where jobs have been slow to return or are disappearing altogether. Since June 2008 the number of jobs has shrunk by nearly 14 percent in manufacturing and by 22 percent in construction, but only by 8.5 percent in the financial industry nationwide.
It is also the opposite of what is going in other highly paid, white-collar professions like law, where employment nationwide in June was the lowest since late 2001, according to data from the Bureau of Labor Statistics.
-
jayn3
- Posts: 664
- Joined: Tue Jan 12, 2010 5:21 pm
Re: Wall St. Hiring Picking Up
i had the same thought. i think the answer is that on a geological scale, yes, the legal market will certainly pick up soon. for the class of 2013.......nobody knows.Thomas Jefferson wrote: Yes, but I wasn't asking about the current state of legal hiring, but rather if this foreshadows anything for the state of legal hiring in the near future.
Want to continue reading?
Register now to search topics and post comments!
Absolutely FREE!
Already a member? Login
-
Thomas Jefferson
- Posts: 384
- Joined: Sun Feb 21, 2010 6:32 pm
Re: Wall St. Hiring Picking Up
Grr. Will a ritual sacrifice to the law gods help? It's getting harder to delude myself into any sense of optimism with each passing day.jayn3 wrote:i had the same thought. i think the answer is that on a geological scale, yes, the legal market will certainly pick up soon. for the class of 2013.......nobody knows.Thomas Jefferson wrote: Yes, but I wasn't asking about the current state of legal hiring, but rather if this foreshadows anything for the state of legal hiring in the near future.
-
yourdreamtheater
- Posts: 2
- Joined: Fri Apr 23, 2010 4:09 pm
Re: Wall St. Hiring Picking Up
Firms aren't actually "picking up" hiring -- they're just correcting the over-firing during the recession.
JPMorgan's investment banking division, for one, is greatly understaffed. They aren't getting in as many deals as they did pre-2008, but they let too many people go.
A lot of the hires have also been in trading. The volatility in the markets as of late has been great for traders (like myself). Most of the top firms had zero days last quarter without making a profit in trading. That's where the money is, so that's where the jobs are.
Sorry to crush everyone's hopes
JPMorgan's investment banking division, for one, is greatly understaffed. They aren't getting in as many deals as they did pre-2008, but they let too many people go.
A lot of the hires have also been in trading. The volatility in the markets as of late has been great for traders (like myself). Most of the top firms had zero days last quarter without making a profit in trading. That's where the money is, so that's where the jobs are.
Sorry to crush everyone's hopes
