Monday, June 10, 2013
Related to the story below, the National Law Journal is reporting that among the nation's top 350 law firms, average hiring grew by only 1.1% in 2012. From the NLJ press release:
Hiring at the nation's top law firms expanded at an anemic rate of just over 1 percent in 2012, a signal that the legal sector has not yet fully recovered from the blow of the Great Recession.
ALM's The National Law Journal today published the 2013 NLJ 350, a list of the nation's 350 largest law firms, reporting that headcount marginally increased last year among the top law firms in the U.S. The NLJ 350 collectively employed 141,056 lawyers in 2012, up 1.1 percent from 139,551 in 2011.
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"The 1.1 percent uptick in the number of lawyers working in the nation's largest 350 law firms was slower than the 1.7 percent employment growth from a year ago and is one of the smallest increases
we've seen in nearly two decades," said David L. Brown, editor in chief of The National Law Journal. "Moreover, 140 of the firms in the NLJ 350 -- or 40 percent of them -- actually decreased in size last year. It's clear that the U.S. legal services market has not yet fully recovered from the recession years of 2008-2010."
Continue reading the full article here.