Job Prospects in 3 years?

A forum for applicants and admitted students to ask law students and graduates about law school and the practice of law.

How will employment be for lawyers in 2013?

Back to pre 2007 staus
7
8%
Better than 2009/2010
71
78%
The same as 2009/2010
9
10%
Worse than 2009/2010
4
4%
 
Total votes: 91

mommamia
Posts: 31
Joined: Sun Jun 28, 2009 11:05 am

Job Prospects in 3 years?

Postby mommamia » Mon Apr 12, 2010 7:41 am

It seems a bit gloomy on the horizon for 2010 graduates. What is the prediction for the job market in 2013? Share any evidence you are basing your answer on if possible. Also, where will the jobs be? Midwest? Southern states? Eastern Atlantic? West (except CA)? California?

motiontodismiss
Posts: 870
Joined: Wed Mar 24, 2010 8:36 pm

Re: Job Prospects in 3 years?

Postby motiontodismiss » Mon Apr 12, 2010 9:57 am

I don't see it getting worse than 2009/2010.

theantiscalia
Posts: 320
Joined: Mon Mar 15, 2010 11:18 pm

Re: Job Prospects in 3 years?

Postby theantiscalia » Mon Apr 12, 2010 10:02 am

I think it'll be far better than 2009 / 2010, but I don't think we'll see 2007 levels for some time.

There will be a natural built up demand for legal services, and it'll come out over the next two years. During this recession, many large projects (debt issuances, M&A, real estate transactions) have been put on hold.

Action Jackson
Posts: 328
Joined: Mon Dec 15, 2008 12:46 am

Re: Job Prospects in 3 years?

Postby Action Jackson » Mon Apr 12, 2010 10:17 am

I voted worse.

I assume because you're talking 3 years down the road you're talking about non-BigLaw jobs, because BigLaw jobs for the class of 2013 are only 1 year away, not 3. So for all the other legal jobs out there, there's a glut of unemployed lawyers, many from top schools, waiting to snatch up jobs that open up. The backlog of law students is only going to get worse and worse as time drags on, so by 2013 I'm guessing it's going to be extremely difficult to get any small-firm or PI/gov't job that opens up, especially if it's a good job.

I think people have grossly underestimated how severe this problem is.

User avatar
chadwick218
Posts: 1337
Joined: Tue Feb 03, 2009 10:15 pm

Re: Job Prospects in 3 years?

Postby chadwick218 » Mon Apr 12, 2010 10:18 am

Even if the market turns around in 2011 / 2012, this will not impact OCI for the c/o 2013. There will be a couple year lag.

motiontodismiss
Posts: 870
Joined: Wed Mar 24, 2010 8:36 pm

Re: Job Prospects in 3 years?

Postby motiontodismiss » Mon Apr 12, 2010 10:21 am

I'll believe better when I see it. However I don't think it'll get worse.

Then again, lawyers are terrible business people, even worse managers and even worse economists.

mommamia
Posts: 31
Joined: Sun Jun 28, 2009 11:05 am

Re: Job Prospects in 3 years?

Postby mommamia » Mon Apr 12, 2010 5:02 pm

What about lawyers going into business? Wouldn't they have a stronger business sense?

09042014
Posts: 18282
Joined: Wed Oct 14, 2009 10:47 pm

Re: Job Prospects in 3 years?

Postby 09042014 » Mon Apr 12, 2010 5:08 pm

chadwick218 wrote:Even if the market turns around in 2011 / 2012, this will not impact OCI for the c/o 2013. There will be a couple year lag.


And I think firms will be more cautious. But I think deferrals screwed class of 2011 much more severely than 2012 or 2013 will be screwed.

Nowhere near class of 08 levels.

mommamia
Posts: 31
Joined: Sun Jun 28, 2009 11:05 am

Re: Job Prospects in 3 years?

Postby mommamia » Mon Apr 12, 2010 7:39 pm

At what point was it great (as far as obtaining a high paying job out of law school)? 2008? or was it more like 2005?

User avatar
rayiner
Posts: 6184
Joined: Thu Dec 11, 2008 11:43 am

Re: Job Prospects in 3 years?

Postby rayiner » Mon Apr 12, 2010 7:43 pm

mommamia wrote:At what point was it great (as far as obtaining a high paying job out of law school)? 2008? or was it more like 2005?


People at T18 were golden until OCI in 2008. People outside the T18 were always marginal for high-paying jobs out of LS.




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