Thursday, July 7, 2011
There are a few small bright spots in a still somewhat dismal job market for lawyers, according to NALP Executive Director James Leipold. Technology, healthcare, and regulatory work are some practice areas showing signs of recent growth, Leipold commented recently at the Northeast Association for Pre-Law Advisors. While the entry-level market is still tough, the lateral market seems to be picking up steam, according to Leipold. California and New York have shown signs of bouncing back first in the lateral market.
Small firms of 2 to 10 attorneys showed some growth in hiring, Leipold said, in the NALP Class of 2010 Employment Report issued this month. Jobs with firms this size represented 39.1 percent of all private practice jobs taken by members of the Class of 2010, up 7.5 percent from the Class of 2008, according to the NALP Report.
In other good news, at least more of the associates starting at the large firms seem to be resuming normal start dates instead of being deferred, according to the NALP Report.
"To the extent that there is a bright spot in the employment profile for this class it is that there were fewer graduates who had their start dates deferred," Leipold said.
The bad news is that the NALP predicts hiring of new grads will remain flat, or slightly decline, through the class of 2012.