Wednesday, August 24, 2011

Summer Hiring Holds Steady

Reuters reported last week that “law firms hiring associates for 2012 say they are planning to make the same number of job offers as they did for the 2011 class – and in some cases may even increase the number of positions.”

This is a positive indicator of job hiring for recent law school graduates and students. Law firms are noting the recent stock market gyrations but are not looking to recalibrate hiring numbers like in 2008 and 2009. According to the article, firm economics have improved. "For the top 100 law firms, gross revenue rose 4% in 2010, after 2008’s decline of 4.3%. Most indicators are the 2011 numbers will also rise. And while they are not hiring in pre-recession numbers, there is work for the associates that are there.”

With a similar or larger number being hired by large firms, there are that fewer number of recent graduates competing for jobs elsewhere - Jan Nussbaum