Managing partner poll on associate hiring trends Forum

[quakeroats]

Last box at the bottom of page 2.

http://online.wsj.com/public/resources/ ... /index.pdf

[Davidbentley]

Gracias.

[megagnarley]

Translation?

[J-e-L-L-o]

interesting. But statistically not a function of the entire legal landscape. Exactly which firms were polled? What range? Vault? NLJ250? Only the top 50 firms?

Cool report though.

[Bronck]

interesting. But statistically not a function of the entire legal landscape. Exactly which firms were polled? What range? Vault? NLJ250? Only the top 50 firms?

Cool report though.

According to their webpage: "Each quarter about 150 firms representing all regions, Am Law 100 and 2nd 100, and non-Am Law ranked firms participate."

https://www.privatebank.citibank.com/ou ... _watch.htm

[J-e-L-L-o]

interesting. But statistically not a function of the entire legal landscape. Exactly which firms were polled? What range? Vault? NLJ250? Only the top 50 firms?

Cool report though.

According to their webpage: "Each quarter about 150 firms representing all regions, Am Law 100 and 2nd 100, and non-Am Law ranked firms participate."

https://www.privatebank.citibank.com/ou ... _watch.htm

Nice scoop. Thanx!

[table3]

Anyone want to take a gander at how the "Lawyer Hiring Indices" will relate to C/O '12 and '13 job placement, viz-a-viz their relation to the C/O '11 job placement that we all go off of?

[NYstate]

Anyone want to take a gander at how the "Lawyer Hiring Indices" will relate to C/O '12 and '13 job placement, viz-a-viz their relation to the C/O '11 job placement that we all go off of?

Lower? Lower or flat is what some have reported .

[badluckbilly]

Logo in the upper left corner = Eye of Sauron.

[md22]

Interesting. What caused the upward trend of the recovery following the Great Recession to stop? Hiring confidence has been trending downward since Q4 2010 it appears...

[bowser]

Anyone want to take a gander at how the "Lawyer Hiring Indices" will relate to C/O '12 and '13 job placement, viz-a-viz their relation to the C/O '11 job placement that we all go off of?

If you believe TLS, we already know, at least in terms of OCI: uptick for c/o 2012; surprisingly large uptick for c/o 2013; slight drop-off for c/o 2014. More significant recovery at T-14 than others.

[J-e-L-L-o]

Interesting. What caused the upward trend of the recovery following the Great Recession to stop? Hiring confidence has been trending downward since Q4 2010 it appears...

That's easy. Congress

[NYstate]

Interesting. What caused the upward trend of the recovery following the Great Recession to stop? Hiring confidence has been trending downward since Q4 2010 it appears...

That's easy. Congress

Have you read any of the recent articles on the changing nature of biglaw? The pressure to keep costs down, etc. look for the citi reports that spell this trend out.

[Davidbentley]

It's a new normal. There is no there to return to. Without some secular expansion in the demand for legal services, Big Law will be under significant cost pressure. Like the airlines.

[J-e-L-L-o]

Interesting. What caused the upward trend of the recovery following the Great Recession to stop? Hiring confidence has been trending downward since Q4 2010 it appears...

That's easy. Congress

Have you read any of the recent articles on the changing nature of biglaw? The pressure to keep costs down, etc. look for the citi reports that spell this trend out.

Have you looked at the chart? Notice the dips on the way to recovery? Guess what caused those dips. Those are specific points in time my friend. The demand tracks nicely with business conditions and especially the economy at large with major decreases mid 2010 and 2011.

[Robespierre]

What's "FTE" in the legal hiring chart?

[rad lulz]

What's "FTE" in the legal hiring chart?

Probably "full time employment"

[md22]

Interesting. What caused the upward trend of the recovery following the Great Recession to stop? Hiring confidence has been trending downward since Q4 2010 it appears...

That's easy. Congress

Have you read any of the recent articles on the changing nature of biglaw? The pressure to keep costs down, etc. look for the citi reports that spell this trend out.

Have you looked at the chart? Notice the dips on the way to recovery? Guess what caused those dips. Those are specific points in time my friend. The demand tracks nicely with business conditions and especially the economy at large with major decreases mid 2010 and 2011.

I tend to agree. Confidence was rising until Q2 2010 where it dipped, rose slightly again above 150, and has been trending downward ever since. According to the survey answers, however, a large portion of partners believe that things are basically staying the same. Only a small percentage see things worsening. The chart would suggest otherwise, no?