Who's hurting worse, big markets or secondary/tertiary? Forum

[Sauer Grapes]

The employment struggles of those looking to find work in large markets such as NY, DC, Chicago, CA, etc have been well publicized. It's no secret that the secondary markets aren't exactly thriving either. However, there seems to be less news about the actual state of secondary and tertiary legal markets (as would logically be expected).

That being said, are secondary markets, on average, hurting in relative proportion to the larger markets, or are they hurting more or less? I understand the VAST majority of those on TLS are looking for big law jobs in the major markets, but for those of us that don't mind the thought of working at a national firm in a smaller market, are we equally as screwed as everyone else, or more or less so?

[romothesavior]

I'll bump this for my good man Sauer Grapes. I'm also very interested in this.

[MorningHood]

I think the only way to answer this is through published statistics... is there a place where we could find this information?

[Mickey Quicknumbers]

Intuitively, it would seem that if most law students shifted to their safeties or lower for hiring based on biglaw woes, it would make midlaw for those who usually targeted/reached for it even worse than biglaw. As far as the actual shrinking of new jobs, I have no clue

tl;dr version: bump

[motiontodismiss]

Could go one of three ways:

1. Secondary markets supported themselves independently of the real estate boom. Their home industries are strong and thus are insulated from the shit economy.
2. Secondary markets barely justified their existence because of the the real estate boom. Their home industries are nonexistent and thus the market itself is decimated. OR
3. Secondary markets supported themselves independently of the real estate boom. Their home industries are also in the shit and thus are worse off than primary markets.

[romothesavior]

Could go one of three ways:

1. Secondary markets supported themselves independently of the real estate boom. Their home industries are strong and thus are insulated from the shit economy.
2. Secondary markets barely justified their existence because of the the real estate boom. Their home industries are nonexistent and thus the market itself is decimated. OR
3. Secondary markets supported themselves independently of the real estate boom. Their home industries are also in the shit and thus are worse off than primary markets.

Rrrrreally now... The entire legal industry depends on the real estate market?

[Grizz]

Depends on the secondary market I guess (subtle bump).

[Matthies]

I think the only way to answer this is through published statistics... is there a place where we could find this information?

No. The only way to answer this is by talking to actual lawyers in the markets your interested in.

[romothesavior]

I think the only way to answer this is through published statistics... is there a place where we could find this information?

No. The only way to answer this is by talking to actual lawyers in the markets your interested in.

Which I'm doing in an hour. I'll let you know how it goes.

[Sauer Grapes]

I think the only way to answer this is through published statistics... is there a place where we could find this information?

No. The only way to answer this is by talking to actual lawyers in the markets your interested in.

Which I'm doing in an hour. I'll let you know how it goes.

Please do let me know how it goes/went. STL is still one of my locations of interest.

[NoleinNY]

Could go one of three ways:

1. Secondary markets supported themselves independently of the real estate boom. Their home industries are strong and thus are insulated from the shit economy.
2. Secondary markets barely justified their existence because of the the real estate boom. Their home industries are nonexistent and thus the market itself is decimated. OR
3. Secondary markets supported themselves independently of the real estate boom. Their home industries are also in the shit and thus are worse off than primary markets.

Rrrrreally now... The entire legal industry depends on the real estate market?

0L just making assumptions/observations:

Not entirely dependent. Depending on the specific market, however, it would be reasonable to imagine the health of lenders and real estate sales having a cascading effect on their legal industries.

1. Example: ???
2. Example: South Florida
3. Example: Detroit

[ggocat]

As others have said, it likely depends on the particular area.

Anecdotally, I think smaller markets have done better. Firms in smaller markets (not even secondary markets--think 100K-300K people) near me have continued to hire normally while biglaw dramatically cut back. These firms only hire a handful of people every year, but they've continued at their normal pace.

[Scallywaggums]

Which I'm doing in an hour. I'll let you know how it goes.

So?


Thx ggocat.

Hopefully this bump will generate more input.

[Anonymous User]

I'm at a firm in NYC. The work here has definitely picked up since last year, according to associates I've spoken with.

[stratocophic]

I think the only way to answer this is through published statistics... is there a place where we could find this information?

No. The only way to answer this is by talking to actual lawyers in the markets your interested in.

Which I'm doing in an hour. I'll let you know how it goes.

Spill it, romo. I need to know whether STL is gonna be a viable option in a year or two. By the by, did you happen to ask your sources about any other currently relevant topics... like saaaay... the hypothetical pros and cons inherent to Bears and Wolverines?

[Grizz]

Spill it, romo. I need to know whether STL is gonna be a viable option in a year or two. By the by, did you happen to ask your sources about any other currently relevant topics... like saaaay... the hypothetical pros and cons inherent to Bears and Wolverines?

Romo was in killself mode earlier. Guess how it went.

[stratocophic]

Spill it, romo. I need to know whether STL is gonna be a viable option in a year or two. By the by, did you happen to ask your sources about any other currently relevant topics... like saaaay... the hypothetical pros and cons inherent to Bears and Wolverines?

Romo was in killself mode earlier. Guess how it went.

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[Scallywaggums]

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