Law Jobs Growing at Robust Pace
A whopping 97 percent of law students from the class of 2018 have found jobs, but only half are working in law firms.
Fourteen percent are working for businesses or corporations, and 13 percent in government.
Meanwhile, jobs in the legal sector are growing rapidly, with nearly 35,000 more jobs in June 2022 than a year ago.
The Class of 2018 Study of Law School Employment & Satisfaction report is based on information gathered from 1,477 graduates of ABA-accredited law schools in the United States between September and December 2021. The study is from the National Association for Law Placement and the NALP Foundation.
According to the report, 67 percent of respondents had held two or more sequential jobs since graduation; 51 percent reported annual compensation greater than $100,000; and 46 percent were receiving between $51,000 to $100,000. Forty-two percent were extremely satisfied with their current job, while 14 percent were actively seeking a new job.
Other topics covered in the study: compensation, law school debt and the impact of COVID-19.
Read a report in the ABA Journal on the study here.
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Law Jobs Growing Robustly
The legal services sector added 3,000 jobs in June 2022. That’s a healthy increase. But it’s downright shocking when compared to the numbers a year ago at this time. In June 2022, the legal profession had 35,200 more jobs than in June 2021, according to this data from the U.S. Bureau of Labor Statistics.
“Legal employment in June was 1,185,600 jobs,” the Bureau reports. “That number is 22,600 jobs higher than the pre-pandemic high of 1,163,000 legal jobs set in February 2020 and 92,300 jobs higher than the pandemic low of 1,093,300 jobs set in April 2020, a month after the World Health Organization declared that the COVID-19 outbreak was a pandemic.
The June gain of 3,000 jobs follows gains of 3,300 jobs in May and 4,400 jobs in April.
The jobs number is based on payroll jobs for attorneys and staff members working at firms providing legal services.”
Source: Legal jobs continued upward climb in June; sector adds 92,300 jobs since pandemic low (abajournal.com)
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