An article in The American Lawyer examines the forecast for future law school graduates based on the foreboding statistics recently released by the National Association for Law Placement. Below are the NALP’s most interesting findings:
- In 2010 87.6% of graduates were employed nine months after graduation, which is the lowest percentage recorded since 87.4% in 1996.
- The trend of the past 30 years has been for around 55%-58% of law school graduates to enter private practices. However, in 2010 only 50.9% of graduates chose to work for private practices.
- A meager 68.4% of 2010 graduates even took jobs that required passing the bar. This is the lowest percentage ever recorded by NALP.
- Less than 75% of 2010 law school graduates who had been hired had found full-time, permanent jobs.
NALP believes that “given the scope of the legal market’s contraction and the marked shift out of private practice and large law firms specifically, the class of 2011 is not expected to have an easier time of it.”
Let’s hope time proves the NALP wrong.
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