Hitachi wrote:Nope, 2012 should be considerably better even if the economy is just as bad - they won't have nearly the deferral problem, or nearly as big a class behind them. 2012 might even be pretty good, if there is any economic improvement, since firms were very cautious this year. It's not like the legal market is much smaller than it used to be, it's just that for new hiring, the change in size is more important than the stock size, to a large degree.
If the economy is just as bad, then I don't think there is a need for substantially more people are many firms. It seems as if there are many firms that still don't have enough work for anyone. 2012 probably won't be as bad as 2011 but baring a complete economic reversal I imagine it won't be very good. The legal market at biglaw levels is a lot smaller than it used to be. The reason why firms laid off so many people was b/c there was NO work. Some work has come back at some firms but I don't think this is the case everywhere.