Employement rebounding for legal profession? Forum

[joetheplumber]

http://finance.yahoo.com/news/5-sectors ... rowth.html


"The legal profession and the military proved to be two bright spots for hiring, according to SimplyHired.com, with postings in those sectors up 166% and 239% respectively on the year in April. "

Those numbers are pretty high, hopefully it stays up

[BlueDiamond]

http://finance.yahoo.com/news/5-sectors ... rowth.html


"The legal profession and the military proved to be two bright spots for hiring, according to SimplyHired.com, with postings in those sectors up 166% and 239% respectively on the year in April. "

Those numbers are pretty high, hopefully it stays up

i wouldnt hate it

[presidentk1]

i personally believe that the worst of it is behind us

think back to 08-09, it was way worse than it is now and there seems to be a solid upward trend

[thelawyler]

That could be more administration/staff hiring than JD required.

Also maybe it's from Dewey laterals?

[2transferornot]

The other potential good news is that schools are decreasing their class sizes and that will reduce the total number of graduates. Hopefully, there will be some stability in the years to come.

[Aberzombie1892]

There is a huge demand for people with 2-3 years of experience at a major law firm. The problem is, the average law student won't have the opportunity to get that experience.

[dowu]

[BearsGrl]

There is a huge demand for people with 2-3 years of experience at a major law firm. The problem is, the average law student won't have the opportunity to get that experience.

Everything said ITT.

What about the student loan bubble? Shits going to pop any minute and send us under.

No, it won't. If it was a private banking issue, then sure. But it's not. Students will continue to go into debt and they will still choose random majors that will not be applicable in the real world.

[tedalbany]

Those big numbers are for support staff, not attorneys (check on BLS). Law firms are realizing that you don't need actual attorneys, just a few and a small army of paralegals.

[Aberzombie1892]

Those big numbers are for support staff, not attorneys (check on BLS). Law firms are realizing that you don't need actual attorneys, just a few and a small army of paralegals.

This. Modern paralegals do everything but sign on the dotted lines and appear in court all the while making 1/3 or less of what attorneys in their firm make. Heck, they now even specialize like lawyers do (i.e. commercial law).

[dowu]

There is a huge demand for people with 2-3 years of experience at a major law firm. The problem is, the average law student won't have the opportunity to get that experience.

Everything said ITT.

What about the student loan bubble? Shits going to pop any minute and send us under.

No, it won't. If it was a private banking issue, then sure. But it's not. Students will continue to go into debt and they will still choose random majors that will not be applicable in the real world.

Really!? So there will be no repercussions for the student loan debt toppling over due to lack of payment? Especially when this money is the governments.

[luthersloan]

It is not that there won't be consequences, it is that it is harder to predict what they will be when the lender is the government. If the recent shit storm over a possible interest rate increase for undergrads is any indication, it does not seem like the political system is going to shutdown the student loan machine any time soon.

[beachbum]

There is a huge demand for people with 2-3 years of experience at a major law firm. The problem is, the average law student won't have the opportunity to get that experience.

Everything said ITT.

What about the student loan bubble? Shits going to pop any minute and send us under.

No, it won't. If it was a private banking issue, then sure. But it's not. Students will continue to go into debt and they will still choose random majors that will not be applicable in the real world.

Really!? So there will be no repercussions for the student loan debt toppling over due to lack of payment? Especially when this money is the governments.

She didn't say it wouldn't have repercussions. She said it wouldn't have consequences reminiscent of the housing/mortgage bubble. Which is probably true, as the same structural problems aren't present with student debt as they were with housing debt.

Student loans are still gonna be a drag on the economy, particularly as tuition continues to increase and kids continue to invest in worthless majors. But we're probably not looking at structural collapse and international contagion, like we were in 2008.

[BearsGrl]

It is not that there won't be consequences, it is that it is harder to predict what they will be when the lender is the government. If the recent shit storm over a possible interest rate increase for undergrads is any indication, it does not seem like the political system is going to shutdown the student loan machine any time soon.

+1

Which is why it's comical that Obama's talking in front of current students instead of high-schoolers.

[BearsGrl]

No, it won't. If it was a private banking issue, then sure. But it's not. Students will continue to go into debt and they will still choose random majors that will not be applicable in the real world.

Really!? So there will be no repercussions for the student loan debt toppling over due to lack of payment? Especially when this money is the governments.

She didn't say it wouldn't have repercussions. She said it wouldn't have consequences reminiscent of the housing/mortgage bubble. Which is probably true, as the same structural problems aren't present with student debt as they were with housing debt.

Student loans are still gonna be a drag on the economy, particularly as tuition continues to increase and kids continue to invest in worthless majors. But we're probably not looking at structural collapse and international contagion, like we were in 2008.

+1

Plus, for those that forecast their debt rate and can legitimately pay it off prior to attendance (whether through investments or saving before attending school and I understand that this is difficult), the loan issue won't be a problem. For those that take on too much debt, yes, it will be a problem for them. The only people right now it will effect are taxpayers.

[thelawyler]

It is not that there won't be consequences, it is that it is harder to predict what they will be when the lender is the government. If the recent shit storm over a possible interest rate increase for undergrads is any indication, it does not seem like the political system is going to shutdown the student loan machine any time soon.

+1

Which is why it's comical that Obama's talking in front of current students instead of high-schoolers.

High schoolers for the most part can't vote. Current students can.

[BearsGrl]

It is not that there won't be consequences, it is that it is harder to predict what they will be when the lender is the government. If the recent shit storm over a possible interest rate increase for undergrads is any indication, it does not seem like the political system is going to shutdown the student loan machine any time soon.

+1

Which is why it's comical that Obama's talking in front of current students instead of high-schoolers.

High schoolers for the most part can't vote. Current students can.

Yes, which was my point. Talking to college students about a non-point of concern for them is comical.