Top 10 Most Secure Jobs in 2011...Law #10 Forum

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jbarl1

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Top 10 Most Secure Jobs in 2011...Law #10

Post by jbarl1 » Mon Nov 29, 2010 1:55 pm

A friend sent me this (she is a nursing student) and I was shocked to see that legal careers landed at number 10. I'm not saying I believe it or not, I just thought I would share this glimmer of hope :)


http://jobs.aol.com/articles/2010/11/16 ... ink3|26690

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Tanicius

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by Tanicius » Mon Nov 29, 2010 2:00 pm

jbarl1 wrote:A friend sent me this (she is a nursing student) and I was shocked to see that legal careers landed at number 10. I'm not saying I believe it or not, I just thought I would share this glimmer of hope :)


http://jobs.aol.com/articles/2010/11/16 ... ink3|26690
This is "job security." Sure, once you land the job you'll probably be okay because the recession itself is no longer forcing firms under. But getting that job is the hard part. The millions of jobs in the legal field will remain - and so will the millions of people already working them.

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mpj_3050

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by mpj_3050 » Mon Nov 29, 2010 2:05 pm

I am just in the application process and am terrified of not finding a legal job. People with time in the profession are probably fairly secure but getting that first job is going to take a massive amount of effort for most law graduates - and a good number of people never will find one.

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jbarl1

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by jbarl1 » Mon Nov 29, 2010 2:05 pm

Tanicius wrote:
jbarl1 wrote:A friend sent me this (she is a nursing student) and I was shocked to see that legal careers landed at number 10. I'm not saying I believe it or not, I just thought I would share this glimmer of hope :)


http://jobs.aol.com/articles/2010/11/16 ... ink3|26690
This is "job security." Sure, once you land the job you'll probably be okay because the recession itself is no longer forcing firms under. But getting that job is the hard part. The millions of jobs in the legal field will remain - and so will the millions of people already working them.
It does mention projected growth, but yes, very right you are.

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vanwinkle

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by vanwinkle » Mon Nov 29, 2010 2:12 pm

Tanicius wrote:
jbarl1 wrote:A friend sent me this (she is a nursing student) and I was shocked to see that legal careers landed at number 10. I'm not saying I believe it or not, I just thought I would share this glimmer of hope :)


http://jobs.aol.com/articles/2010/11/16 ... ink3|26690
This is "job security." Sure, once you land the job you'll probably be okay because the recession itself is no longer forcing firms under. But getting that job is the hard part. The millions of jobs in the legal field will remain - and so will the millions of people already working them.
This is well-said. And with people living longer and healthier, the recession wiping out the value of many assets, jobs being so hard to come by if you give one up, and speculation that the Social Security minimum might be raised to balance the budget, all of that adds up to a whole lot of old people staying put well beyond the traditional retirement/move-to-greener-pastures age.

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James Bond

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by James Bond » Mon Nov 29, 2010 2:16 pm

vanwinkle wrote:
Tanicius wrote:
jbarl1 wrote:A friend sent me this (she is a nursing student) and I was shocked to see that legal careers landed at number 10. I'm not saying I believe it or not, I just thought I would share this glimmer of hope :)


http://jobs.aol.com/articles/2010/11/16 ... ink3|26690
This is "job security." Sure, once you land the job you'll probably be okay because the recession itself is no longer forcing firms under. But getting that job is the hard part. The millions of jobs in the legal field will remain - and so will the millions of people already working them.
This is well-said. And with people living longer and healthier, the recession wiping out the value of many assets, jobs being so hard to come by if you give one up, and speculation that the Social Security minimum might be raised to balance the budget, all of that adds up to a whole lot of old people staying put well beyond the traditional retirement/move-to-greener-pastures age.
Notice how it doesn't say where the growth in lawyering will be coughindiacough :wink:

Also, isn't there a nationwide hiring freeze on Nurses? I seriously doubt they're #1

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reasonable_man

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by reasonable_man » Mon Nov 29, 2010 2:17 pm

This seems pretty on point to me. Once you break into "the club" and land a law job and subsequently obtain some usable skills (law school provides you with NONE), then you're in pretty good shape. Its the large number of kids that will simply never break into the club due to a massive shortage of legal positions for new attorneys that have no shot at earning a living as a lawyer.

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by J.Straw from Wichita » Mon Nov 29, 2010 2:57 pm

I like how legal careers are the first & only non-science/math related field

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jfb

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by jfb » Mon Nov 29, 2010 3:09 pm

Man, TLS is predictable. Someone points out a potential positive sign in the field that we have all chosen to go into and every post is dedicated to explaining why its really not positive at all.

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AreJay711

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by AreJay711 » Mon Nov 29, 2010 3:15 pm

jfb wrote:Man, TLS is predictable. Someone points out a potential positive sign in the field that we have all chosen to go into and every post is dedicated to explaining why its really not positive at all.
It is better to be pleasantly surprised rather than unpleasantly surprised.

minuit

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by minuit » Mon Nov 29, 2010 3:20 pm

AreJay711 wrote:
jfb wrote:Man, TLS is predictable. Someone points out a potential positive sign in the field that we have all chosen to go into and every post is dedicated to explaining why its really not positive at all.
It is better to be pleasantly surprised rather than unpleasantly surprised.
I live my life by this philosophy.

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Ragged

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by Ragged » Mon Nov 29, 2010 3:20 pm

jfb wrote:Man, TLS is predictable. Someone points out a potential positive sign in the field that we have all chosen to go into and every post is dedicated to explaining why its really not positive at all.
TLS is predictibly reasonable in taking things they see online with a grain of salt then?

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UnTouChablE

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by UnTouChablE » Mon Nov 29, 2010 10:19 pm

jfb wrote:Man, TLS is predictable. Someone points out a potential positive sign in the field that we have all chosen to go into and every post is dedicated to explaining why its really not positive at all.
Absolutely, and its an unexplainable reaction too. Every other sector sees good news and they are cautiously optimistic, good news on TLS = not really good news at all, actually it is probably bad news. Lol

Macy's hired 65000+ workers = Retail workers are skeptical because ppl are living longer [applying TLS logic to facts] lol.

Any Lawyer that wants to work past 65 is already doing so, any lawyer that is able to comfortably retire before then is retiring. There are very few lawyers watching the actions of the SSA seeing if they raise the retirement age. lol

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Z3RO

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by Z3RO » Mon Nov 29, 2010 10:27 pm

UnTouChablE wrote:
jfb wrote:Man, TLS is predictable. Someone points out a potential positive sign in the field that we have all chosen to go into and every post is dedicated to explaining why its really not positive at all.
Absolutely, and its an unexplainable reaction too. Every other sector sees good news and they are cautiously optimistic, good news on TLS = not really good news at all, actually it is probably bad news. Lol

Macy's hired 65000+ workers = Retail workers are skeptical because ppl are living longer [applying TLS logic to facts] lol.

Any Lawyer that wants to work past 65 is already doing so, any lawyer that is able to comfortably retire before then is retiring. There are very few lawyers watching the actions of the SSA seeing if they raise the retirement age. lol

Lets be happy, pre-ite might be coming back!!
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buckilaw

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by buckilaw » Mon Nov 29, 2010 10:31 pm

UnTouChablE wrote: Lets be happy, pre-ite might be coming back!! we might be able to get jobs in India overseeing doc review.
FTFY

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dood

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by dood » Mon Nov 29, 2010 10:34 pm

...
Last edited by dood on Mon Dec 06, 2010 2:21 pm, edited 1 time in total.

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by solidsnake » Tue Nov 30, 2010 2:54 am

dood wrote:
jbarl1 wrote:A friend sent me this (she is a nursing student) and I was shocked to see that legal careers landed at number 10. I'm not saying I believe it or not, I just thought I would share this glimmer of hope :)


http://jobs.aol.com/articles/2010/11/16 ... ink3|26690
nice, NYC to 190K
nyc to 190 was a pre-ite meme. If BIGQE2 really does fuel the next lending boom, then inflation is inevitable and we need to adjust accordingly.

NYC to 200k

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dood

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by dood » Tue Nov 30, 2010 2:56 am

...
Last edited by dood on Mon Dec 06, 2010 2:22 pm, edited 2 times in total.

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sundance95

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by sundance95 » Tue Nov 30, 2010 2:59 am

That link lumps lawyers' & paralegals/LAs' job markets together...

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by solidsnake » Tue Nov 30, 2010 3:03 am

dood wrote:
solidsnake wrote:
dood wrote:
jbarl1 wrote:A friend sent me this (she is a nursing student) and I was shocked to see that legal careers landed at number 10. I'm not saying I believe it or not, I just thought I would share this glimmer of hope :)


http://jobs.aol.com/articles/2010/11/16 ... ink3|26690
nice, NYC to 190K
nyc to 190 was a pre-ite meme. If BIGQE2 really does fuel the next lending boom, then inflation is inevitable and we need to adjust accordingly.

NYC to 200k
genius bro genius
tyty

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RVP11

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by RVP11 » Tue Nov 30, 2010 10:27 am

solidsnake wrote:
dood wrote:
jbarl1 wrote:A friend sent me this (she is a nursing student) and I was shocked to see that legal careers landed at number 10. I'm not saying I believe it or not, I just thought I would share this glimmer of hope :)


http://jobs.aol.com/articles/2010/11/16 ... ink3|26690
nice, NYC to 190K
nyc to 190 was a pre-ite meme. If BIGQE2 really does fuel the next lending boom, then inflation is inevitable and we need to adjust accordingly.

NYC to 200k
Inflation is higher than it was 10 years ago but NYC BigLaw paid the same to first years this year as they did in 2000.

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by DeepSeaLaw » Tue Nov 30, 2010 11:21 am

Inflation is higher than it was 10 years ago but NYC BigLaw paid the same to first years this year as they did in 2000.[/quote]

Base market salaries are significantly higher today than 10 (or even 5) years ago. Bonuses are a different story.

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RVP11

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by RVP11 » Tue Nov 30, 2010 11:51 am

125 + 40 ~= 160 + 7.5

I'm not sure why anyone would separate salary from bonus.

What's funny is how much PPP has grown in the last 10 years.

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James Bond

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by James Bond » Tue Nov 30, 2010 11:55 am

RVP11 wrote:I'm not sure why anyone would separate salary from bonus.
Because one is guaranteed yearly and one isn't?

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RVP11

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Re: Top 10 Most Secure Jobs in 2011...Law #10

Post by RVP11 » Tue Nov 30, 2010 3:35 pm

James Bond wrote:
RVP11 wrote:I'm not sure why anyone would separate salary from bonus.
Because one is guaranteed yearly and one isn't?
I'm not sure why anyone would separate salary from bonus in this context.

Top firms in NYC paid 165k in 2000 and paid 167.5k in 2010. So first year associates in NYC are effectively being paid less now, after factoring in tax and inflation, than they were 10 years ago. The change is especially stark when you consider how much PPP has increased.

Ignoring the change in bonus size because it's not "guaranteed" (as if anything in BigLaw is guaranteed) makes no sense in this context (the comparison of how much first year associates are "worth" from year to year).

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