Sunday, August 6, 2017
That's the conclusion of a recent report by the National Association for Law Placement; the overall employment rate for the law school class of 2016 showed a modest increase from the previous year (from 86.7% in 2015 to 87.5% in 2016 ) though the overall number of positions available to graduates actually decreased by 2,000 from the previous year. The explanation is that the number of total law grads decreased in 2016 by 2,800 which makes the employment picture seem a wee bit rosier despite the decrease in jobs available. Another caveat in the report is that it was the nation's 500 largest law firms that increased the number of new graduates they hired while smaller firms, where most graduates outside the elite law schools find work, actually hired fewer new associates. We've heard before about the so-called "hollowing out of the middle class." Are we starting to see the same phenomenon when it comes to the legal job market?