Legal News

The Bubble for Lawyers in the Country Has Popped
Download PDF

It’s not just law schools that are facing a downturn with reduced applicants, but the legal industry is facing the fact that there are less lawyers needed, according to Quartz.

Students considering law school have to consider a change to flat-fee contracts, technology, and globalization these days.

  
What
Where


Job data for recent law grads is bad right now, with the class of 2013 have an unemployment rate of 11.2 percent for nine months after graduation. This is an increase from 10.6 percent for the class of 2012 and 9.2 percent from the class of 2011.

If the drop in students taking the law school admission exams and applying for admission to the ABA, then the bubble for litigation attorneys in the United States has popped.

Law schools in the top quartile of rankings that take into account job placement have between 84.1 and 97.5 percent of their 2013 graduates employed within nine months. Job placement rates in the bottom quartile saw a rate under 71 percent.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




The bottom quartile of schools are seeing the worst decline in demand for legal education. These schools find themselves, reducing tuition and being less selective of its candidates. This can lead to reduced perceptions of the quality of the law schools.



 

Most Popular

Legal Career Resources

July 12, 2016 Negativity Gets You Nowhere In a Law Firm

Summary: Harrison Barnes discusses the “One Simple Rule” that attorneys need to follow if they wish to keep their careers moving in a successful direction. Read The One Simple Rule for Succeeding in a Law Firm to learn more. Some […]

read more

SEARCH IN ARCHIVE

To Top