Tag Archives: legal jobs

Monday Clicks: Legal Employment Trends

The job market for recent grads appears stagnant, which might explain why half of prelaw students don’t plan on seeking legal jobs once they graduate. But if you do want a law job, it matters where you go to school.

  • The employment rate of recent grads might be disappointing, but at least it’s consistent. Data from the American Bar Association shows that for 2012, 82 percent of graduates were employed nine months after graduation—the same percentage as in 2011. And 56 percent of the 2012 grads got a job that required bar passage, which was only 1 percent higher than last year.
  • Greedy Associates think Washington, D.C., is a great place to find a legal job—even though one in 12 residents are lawyers (versus 1:260 nationwide). Among the five reasons D.C. is tops are that it’s “Hollywood for ugly people” and thanks to all the free food at the seemingly endless receptions, you may never have to buy groceries again.
  • Given the stark reality of the legal job market, it’s not much of a surprise that only half of surveyed prelaw students plan to use their law degrees in the legal profession. That’s according to a recent survey by Kaplan Test Prep. Of the 200 prelaw students surveyed, 43 percent plan to use their law degrees in the business world.

Monday Clicks: Career Management

It’s no secret that the legal market remains unstable, despite modest gains last year. It is therefore even more important that attorneys actively manage their careers, prepare for the unexpected and network for success. Job seekers should also beware of bad job offers, while taking advantage of online job seeking tools.

  • “The future of law is specialization,” writes Above the Law’s Brian Tannebaum. In “Why Would Anyone Hire You?” he offers several tips on how to become the go-to guy or gal in a specific, specialized area of law that, therefore, makes you a more marketable asset.
  • Networking not only brings in firm business, but also increases your chances of that next job offer. Unfortunately, it’s not a process that comes naturally to most lawyers. Divorce Discourse is here to help with several Networking 101 articles and a free webinar.
  • If you’ve stagnated in your career, it might be because you lack a career narrative that states your job accomplishments, goals and development needs. “Younger Workers Need a Career Narrative” will help you write a narrative of your own.
  • Lawyer Casting’s “LinkedIn for Lawyers 101” post offers several tips in how to use the professional networking site for such things as: business development, marketing and sales; job search; recruiting; and career management.
  • To help job seekers avoid “coming across as just another name on just another résumé,” Above the Law partnered with ViewYou to provide video profiles for job seekers. The ViewYou NOW profiles are intended to be a “professional, powerful way” lawyers and law students can set themselves apart from the competition.

The Future of Legal Careers

In an article published online this week, Fast Company takes a look at “the career of the future.”  Anya Kamentz profiles a number of workers at varying stages of their careers, and examines how trends in employment are affecting today’s workforce.  Kamentz cites some interesting statistics.  U.S. workers’ median tenure in their current jobs is 4.4 years.  The average number of jobs an American man will hold in his lifetime is 11.4; for women the average is 10.7.  And for the individuals interviewed for the article, careers can span not only multiple companies but multiple industries.

For the legal industry, all of this may sound like a distant reality.  The law is a more stable industry than technology or publishing (both of which feature heavily in the article).  Yet lawyers and law firms have certainly seen more volatility in the legal job market in the past few years.  In addition to layoffs and hiring freezes caused by the economic downturn, law firms are seeing an increase in lateral hiring.  And attrition is an issue as well, as even high-performing lawyers may seek greater flexibility or new challenges in-house or in the public sector.

Why should these trends worry firms?  For starters, the lateral movement of attorneys from one firm to another, combined with attrition, can make succession planning a real challenge.  As relationship partners near retirement or prepare to move into another role, firms may find it hard to find senior lawyers who can garner the same loyalty and trust from the client.

The time and expense required to train lawyers is a factor as well.  For firms that hire attorneys immediately after law school or clerkships, there is a considerable investment made in these young lawyers’ development.  And economic conditions have made clients more resistant towards footing the bill for this training.  By the time an attorney has progressed to the level of senior associate or partner, the loss of that lawyer to another firm, an in-house department, or even another career carries with it a loss on investment.

As law firms make long-term decisions about succession planning and talent development, they will need to consider how to manage a workforce that is more mobile than ever before.  But they can take a page from companies that are already dealing with the difficulties posed by shifting career models:

Even as individuals… are adapting to new career paradigms, so are large companies – but on a scale of tens of thousands of employees.  They have to hire people for jobs that don’t exist yet, spot the dynamic shifters while screening out the dilettantes, and clear paths for high performers so they can find enough variation within corporate confines.

For law firms, this might mean the expansion of alternative tracks, moving lawyers out of legal practice and into business development or marketing positions, and above all, staying flexible.

Legal Sector Lost Almost 3,000 Jobs in 2011

In news that should temper the “optimistic enough” outlook on legal hiring presented by the Robert Half Legal Hiring Survey that we discussed in this space last week, the Bureau of Labor Statistics has released new job numbers.  According to the Wall Street Journal, the economy added 200,000 jobs in December 2011, but the legal sector lost about 1,800.  From December 2010 to December 2011, the sector lost approximately 2,700.

Posted by Emily Fisher