Special Report on
The Legal Employment Market
The Legal Employment Market - Trends
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Our goal is to provide our assessment of, as well as third party information regarding, overall hiring trends in the legal marketplace, and to link to recent articles providing detailed analyses and updates. Summary Now in the second quarter of 2010, we are experiencing stabilization in the demand for legal services, including a slight uptick at the end of 2009. Declining realization rates and increasing pricing concerns from clients remain a challenge for firms, and are reflected in decreased 2009 revenue for most law firms. We continue to see growth in certain practice areas, particularly restructuring and litigation, and even ...
. Law firms have sharply reduced their summer associate hiring and entertainment budgets. The cuts are sizeable and unsurprising—on average, about 20% in comparison with 2009 and almost 50% in comparison with 2008. Bad news, right? Not so fast. If you’re serious about becoming a lawyer, it just may be that scaling back the gorging that was summer associate-dom at major law firms—mimicked by other firms and employers as best they could—is good for you. You rightly could take summer associate cutbacks as further confirmation of the challenging legal employment market. But we hardly need ... Read More
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