When is the job market for lawyers expected to improve?

(Please Ask Questions and Answer Questions)
User avatar
Linksys
Posts: 47
Joined: Sat Jul 10, 2010 11:43 pm

When is the job market for lawyers expected to improve?

Postby Linksys » Sun Apr 10, 2011 12:51 pm

Please discuss.

User avatar
Kohinoor
Posts: 2756
Joined: Sat Oct 25, 2008 5:51 pm

Re: When is the job market for lawyers expected to improve?

Postby Kohinoor » Sun Apr 10, 2011 12:51 pm

The job market for lawyers is expected to improve?

User avatar
Always Credited
Posts: 2509
Joined: Wed Jun 24, 2009 1:31 pm

Re: When is the job market for lawyers expected to improve?

Postby Always Credited » Sun Apr 10, 2011 12:52 pm

Kohinoor wrote:The job market for lawyers is expected to improve?

User avatar
powerlawyer06
Posts: 233
Joined: Fri Jan 14, 2011 3:20 am

Re: When is the job market for lawyers expected to improve?

Postby powerlawyer06 » Sun Apr 10, 2011 12:55 pm

Some say it already is improving. Some say it will never really come back. Some say it will be another couple years.

Others say the Cravath system is broken and Big Law will never be the same.

Take your pick. No one really knows. It is like predicting the weather, there are signs and you can make pretty accurate inferences but nothing is guaranteed.

ku1185
Posts: 176
Joined: Fri Sep 05, 2008 5:18 pm

Re: When is the job market for lawyers expected to improve?

Postby ku1185 » Sun Apr 10, 2011 1:40 pm

Always Credited wrote:
Kohinoor wrote:The job market for lawyers is expected to improve?

hawkeye22
Posts: 216
Joined: Thu Mar 18, 2010 3:38 pm

Re: When is the job market for lawyers expected to improve?

Postby hawkeye22 » Sun Apr 10, 2011 1:47 pm

ku1185 wrote:
Always Credited wrote:
Kohinoor wrote:The job market for lawyers is expected to improve?

adonai
Posts: 1033
Joined: Mon Apr 23, 2007 9:09 pm

Re: When is the job market for lawyers expected to improve?

Postby adonai » Sun Apr 10, 2011 1:56 pm

Kohinoor wrote:The job market for lawyers is expected to improve?

User avatar
beachbum
Posts: 2766
Joined: Tue Jun 29, 2010 9:35 pm

Re: When is the job market for lawyers expected to improve?

Postby beachbum » Sun Apr 10, 2011 2:01 pm

Improve to what? Anecdotal evidence suggests the hiring market is already improving from the lowpoint experienced during the classes of 2010 and 2011. But recovery has been slow, and we're not sure where the new line will be drawn. Pessimists suggest the Biglaw model has been fundamentally changed, and we're now at a "new normal" for legal hiring. Optimists suggest hiring will continue to improve for the next few years until we hit pre-boom hiring levels. Both sides are basing their predictions on speculation, anecdotal evidence, and gut feelings.

Sandro
Posts: 2526
Joined: Sat Jul 18, 2009 12:12 am

Re: When is the job market for lawyers expected to improve?

Postby Sandro » Mon Apr 11, 2011 11:52 am

It will improve naturally with the economy, but I think the fear among some is that the structure of legal hiring has changed in a way that will not lead to as robust hiring #s as seen before the bubble burst, and only the T13 people will get jobs. The rest of the schools will be producing either A. Document reviewers or B. Unemployed people.

richis7
Posts: 87
Joined: Mon Jan 24, 2011 9:37 pm

Re: When is the job market for lawyers expected to improve?

Postby richis7 » Mon Apr 11, 2011 1:42 pm

I think things are looking up, but I don't think they will ever be the way they were before the economy tanked. In theory the new legal employment environment could actually be a good thing if it drove people to study the law because they cared about it as opposed to studying it to make "easy money". That said, it is foolish in my opinion, to go into a massive amount of debt for law school right now as there is no guarantee of a great job when you get out.

FiveSermon
Posts: 1507
Joined: Tue Dec 14, 2010 6:56 pm

Re: When is the job market for lawyers expected to improve?

Postby FiveSermon » Mon Apr 11, 2011 1:42 pm

When/if the economy improves.

User avatar
Wholigan
Posts: 763
Joined: Sat Jan 29, 2011 4:51 pm

Re: When is the job market for lawyers expected to improve?

Postby Wholigan » Mon Apr 11, 2011 2:22 pm

December 22, 2012. Ironically for lawyers, the world will have ended one day earlier

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

Re: When is the job market for lawyers expected to improve?

Postby 09042014 » Mon Apr 11, 2011 2:25 pm

powerlawyer06 wrote:Some say it already is improving. Some say it will never really come back. Some say it will be another couple years.

Others say the Cravath system is broken and Big Law will never be the same.

Take your pick. No one really knows. It is like predicting the weather, there are signs and you can make pretty accurate inferences but nothing is guaranteed.


The Cravath system held strong during the crash. It isn't going anywhere soon. Though it might take a couple years to get back to normal hiring sizes. It should be noted that 2005-2008 was just as irregular as 2008-201X is, just in the opposite direction. We are only 20% off of regular anyway.

User avatar
Mick Haller
Posts: 1258
Joined: Mon Mar 28, 2011 3:24 pm

Re: When is the job market for lawyers expected to improve?

Postby Mick Haller » Mon Apr 11, 2011 3:36 pm

Sandro wrote:It will improve naturally with the economy, but I think the fear among some is that the structure of legal hiring has changed in a way that will not lead to as robust hiring #s as seen before the bubble burst, and only the T13 people will get jobs. The rest of the schools will be producing either A. Document reviewers or B. Unemployed people.


that's a bit much, don't you think? there are ~40,000 legal job openings per year and only ~5000 T13 graduates per year. I agree with you that the percentage of JD holders getting legal jobs will probably decrease, but to say that they will all be doc review or unemployed is a stretch.

User avatar
beachbum
Posts: 2766
Joined: Tue Jun 29, 2010 9:35 pm

Re: When is the job market for lawyers expected to improve?

Postby beachbum » Mon Apr 11, 2011 3:38 pm

Mick Haller wrote:
Sandro wrote:It will improve naturally with the economy, but I think the fear among some is that the structure of legal hiring has changed in a way that will not lead to as robust hiring #s as seen before the bubble burst, and only the T13 people will get jobs. The rest of the schools will be producing either A. Document reviewers or B. Unemployed people.


that's a bit much, don't you think? there are ~40,000 legal job openings per year and only ~5000 T13 graduates per year. I agree with you that the percentage of JD holders getting legal jobs will probably decrease, but to say that they will all be doc review or unemployed is a stretch.


I have it on good authority that 35,000 of those jobs are doc review and will soon be outsourced to Asians and robots.

User avatar
ahduth
Posts: 2468
Joined: Wed Sep 29, 2010 10:55 am

Re: When is the job market for lawyers expected to improve?

Postby ahduth » Mon Apr 11, 2011 3:42 pm

beachbum wrote:
Mick Haller wrote:
Sandro wrote:It will improve naturally with the economy, but I think the fear among some is that the structure of legal hiring has changed in a way that will not lead to as robust hiring #s as seen before the bubble burst, and only the T13 people will get jobs. The rest of the schools will be producing either A. Document reviewers or B. Unemployed people.


that's a bit much, don't you think? there are ~40,000 legal job openings per year and only ~5000 T13 graduates per year. I agree with you that the percentage of JD holders getting legal jobs will probably decrease, but to say that they will all be doc review or unemployed is a stretch.


I have it on good authority that 35,000 of those jobs are doc review and will soon be outsourced to Asians and robots.


Yes, I plan on actually making that a primary aspect of my legal career.

But as far as current events, 3Ls are getting offers now right?

BlueDiamond
Posts: 953
Joined: Wed Sep 29, 2010 12:56 pm

Re: When is the job market for lawyers expected to improve?

Postby BlueDiamond » Mon Apr 11, 2011 3:44 pm

The world is ending in 2012.. I thought we were all just going to law school so we didn't have to do real work for the last year of our lives?

User avatar
mrtoren
Posts: 733
Joined: Wed Dec 29, 2010 9:43 pm

Re: When is the job market for lawyers expected to improve?

Postby mrtoren » Mon Apr 11, 2011 5:56 pm

Within a few years its going to look like this...India: Legal out-sourcing at its finest.

User avatar
Alex-Trof
Posts: 528
Joined: Fri Jan 07, 2011 1:42 am

Re: When is the job market for lawyers expected to improve?

Postby Alex-Trof » Mon Apr 11, 2011 5:59 pm

hawkeye22 wrote:
ku1185 wrote:
Always Credited wrote:
Kohinoor wrote:The job market for lawyers is expected to improve?

User avatar
Fred_McGriff
Posts: 396
Joined: Mon Jun 28, 2010 12:43 pm

Re: When is the job market for lawyers expected to improve?

Postby Fred_McGriff » Tue Apr 12, 2011 11:46 am

any day now




Return to “Law School FAQ”

Who is online

Users browsing this forum: No registered users and 1 guest