ajax wrote: hume85 wrote:
ajax wrote:The employment #'s will likely be even worse when released this year. Graduating class sizes are bigger than last year (because of the recession bump in applicants a few years ago), and there is no indication of legal employment picking up, so percentages of those gaining employment requiring a JD will be lower. We may not even be at the bottom in terms of # of applicants this cycle, because this new employment data will likely really scare people.
Actually the employment numbers for c/o 2012 should be better than c/o of 2011, for T10 schools at least.
And why might that be?
The 2012 graduating class is roughly 4.5% larger than 2011. I didn't realize that there was going to be a larger than 4.5% gain in legal opportunities for the 2012 class over the 2011 class. Some are even arguing that gross opportunities will even be less for the 2012 class than the 2011 class. Note that information is now coming out that a lot of the blows to the legal market are structural and not cyclical, so lost jobs are not necessarily coming back.http://www.lsac.org/lsacresources/data/ ... ummary.asp
The c/o of 2011 went through OCI shortly after the nadir of the financial crises, and a bunch of people from the c/o of 2010 got deferred for a year. Most people say the c/o 2011 was the bottom for placement statistics barring we go off the fiscal cliff, the Euro fails, etc. Also summer placement numbers at Chicago, Duke, and Michigan suggest c/o of 2012 was an improvement upon c/o of 2011. For verification you can check Chicago and Michigan's websites and look in the Duke legal employment forum.
ETA: But I am only referring to the top 13 schools. I have no idea if 2012 will be an improvement for everyone else.