Wednesday, April 9, 2014
That's according to data released today by ABA Section of Legal Education and Admissions to the Bar. Job opportunities for new grads in large firms with more than 500 lawyers increased about 10% from the previous year. However, for the vast majority of grads who seek employment with firms having less than 500 lawyers, new jobs grew less than 1% from the previous year. The overall employment rate for the class of 2013 working in full time, long term jobs requiring bar admission is 57%, up ever so slightly from 2012 when the rate was 56.2%. The ABA report also notes that the law school class of 2013 was the largest graduating class ever which also helps explain why the numbers are not more encouraging given the record number of new lawyers chasing the available jobs. You can access the full ABA report here. The ABA Journal Blog also has a summary here. An excerpt:
The job outlook for newly minted lawyers remains bleak, new figures show.
Fifty-seven percent of all 2013 law school graduates were employed in full-time, long-term legal jobs requiring bar passage as of Feb. 15, according to data released Wednesday by the ABA Section of Legal Education and Admissions to the Bar.
Still, that’s up slightly from last year, when 56.2 percent of all 2012 law school graduates were reported to be in full-time, long-term legal jobs requiring a law license nine months after graduation.
Another 10.1 percent of all 2013 graduates were employed in long-term, full-time jobs in which a law degree is preferred, which was also up slightly from the class of 2012, when 9.5 percent of all graduates held such jobs.
However, the percentage of 2013 graduates reported as unemployed and seeking work also rose slightly to 11.2 percent this year from last year, when 10.6 percent of 2012 graduates were reported as unemployed and seeking work.
The percentage of positions funded by law schools also increased incrementally this year from last year, from 3.9 percent for all 2012 graduates to 4 percent for the class of 2013.
Last year’s graduating class of 46,776 students was also the largest ever, up 412 students from the 46,364 students in the graduating class of 2012.
You can continue reading here.