Friday, December 12, 2014
The latest job report from the Bureau of Labor Statistics shows job growth was flat for the legal sector in November while the economy at large added more than 300,000 jobs. This brings the total loss of jobs in the legal sector since the beginning of the year to 3000. The American Lawyer has a few more details here.
In other news, law school applications are down 9.5% from this time last year while applicants are down 8.5%. The LSAC website is charting the numbers here.
Somewhat better news is the latest client advisory report by Citi Private Bank and Hildebrandt Consulting which predicts the demand for legal services will remain strong through 2015, at least among "top tier" firms. Litigation practice is expected to decline within some larger firms. The American Lawyer has a full summary of Citi's report here.