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June 14
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| Caveat: I'm not an expert on jobs. If this is wrong, blame me, not NALP. |
There are apparently (as I understood the data) 138 "biglaw" firms (those having more than 700 lawyers).
At these, 12,000 people have been let go in the last 15 months -- 4600 lawyers and 7500 support staff.
There have been a total of 46,000 jobs lost, meaning that 34,000 people were let go from medium and smaller firms. (this includes both lawyers and support staff).
Much of the data reported is falsely optimistic.
Of the 2009 graduates (generously ballparked at 50,000):
This means that, if that data is cumulative (i.e., not counting the same people twice), about 30,000 of the 50,00 had "real" jobs, and 20,000 didn't.
NALP also reported 22% -- another 10,000 or so -- as seeking employment; they didn't comment on whether they were the ones with better jobs.
of the "Biglaw" firms (700 or more employees, which may or may not number 138 firms):
I'm stumped. As I started to type, most of my notes didn't make sense, and I hate being a rumor-monger. So let me give you the only clear number:
only 3% of the firms (I'm not sure whether biglaw or all) recruited last fall, as opposed to 42% in 2007 - that's one-fourteenth!
Another thing that was very clear is that the picture may not change.
So imagine two pictures: in picture A, you have more lawyers, more support staff, more floor space, more supervisory duties, than in picture B.
In both pictures you make the same money.
Which would you choose?
Am I talking myself out of a job here?I don't think so; I think I'm talking myself into one. It's ugly out there, children, and without someone to go to bat for you, there just may be no Jaguar in your future. |
The session on underrepresented minorities really emphasized this point. A survey was done of minority applicants, the second time around.
5,000 applicants who had been denied at every law school to which they applied were surveyed. Two thirds gave up, and one third tried to figure out what they did wrong and applied again. Of the group that applied again, success correlated with paying more attention to which schools want you and who takes applicants with your GPA and LSAT score, based on LSAC Data, and less attention to US News rankings and peer chat boards.
The message is blatant: choose your schools wisely, apply widely, become a lawyer. Read blogs and rankings and look for glitter instead of a law school and end up with nothing.
There were a number of resources and web links suggested for disadvantaged and minority applicants, but I'll have to look them over a bit before I recommend them.
All of that is what I learned Wednesday and Thursday. Friday and Saturday I learned even more, so I'm saving it for my next update. But I will share the grand finale -- the applicants who got laughed at.
I learned a ton of other stuff -- financial aid, misconduct, fee waivers, changes in important LSAC services -- but that will all wait another few days. I'll try to get it drafted before I attend the DC Forum, so I don't overwrite the old data.
Look for me again around June 22nd!