Friday, May 3, 2013

Is BigLaw heading for a crash landing?

In this video report from Bloomberg, Paul Barrett, the assistant managing editor and senior writer for Bloomberg Businessweek, says that BigLaw is "experiencing a very difficult crash landing that is taking place now and will persist for at least another several more years."  But it's not just AmLaw 200 firms that are heading into hard times.  Mr. Barrett says he estimates that law schools will graduate 176,ooo more students this decade than there are jobs causing, in his words, "a lot of younger people . . . to suffer" because it's an "empirical fact" we've been producing too many lawyers for too long and "there just aren't enough jobs for them."

 

(jbl).

http://lawprofessors.typepad.com/legal_skills/2013/05/is-biglaw-heading-for-a-crash-landing.html

| Permalink

Comments

It is in the article on BusinessWeek. http://www.businessweek.com/articles/2013-05-02/howreys-bankruptcy-and-big-law-firms-small-future

Posted by: crljones | May 6, 2013 3:25:49 PM

Hi Chris
For the chart, please look in this article: http://www.businessweek.com/articles/2013-05-02/howreys-bankruptcy-and-big-law-firms-small-future#r=auth-s

Best, Lou

Posted by: Lsirico | May 6, 2013 11:31:16 AM

Wow, I want to snip that chart in the video, but I can't figure out a way to capture it. Can't find it online either. Any ideas?

Posted by: Chris Kunz | May 4, 2013 9:40:58 AM

Post a comment