'Glory years' are gone: fewer grads get traditional legal jobs

Article Abstract:

Only 69.6% of 1994 law-school graduates had full-time legal jobs 6 months after graduation, an all-time low, but the percentage of unemployed declined in 1994 to 15.3% from 16.6% in 1993. Some 55% of the employed were in private practice, down from 64.3% in 1988, with 13.1% in government, 12% in judicial clerkships, 12% in business, 2.8% in public-interest work, and 1.3% in academia. The median starting salary at law firms was $50,000, with only 13.7% getting $70,000 or more. In 1994 39,305 students graduated, down from 39,914 in 1993.

Law students

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'95 strongest year since boom of '80s: firm hiring picks up, but caution prevails in the recession's wake

Article Abstract:

The nation's largest law firms defied conventional wisdom by growing in 1995 to 68,293 lawyers, with 59% increasing in size and 3% staying the same. This group, the NLJ 250, employs 7.6% of the country's lawyers, down from 8.5% in 1991. Most of the growth was in firms with East Coast head offices, though Palo Alto also grew 2%. The fastest-growing firm is Manhattan's Jackson, Lewis, Schnitzler & Krupman, up 34% to 203 attorneys, while Chicago's Chapman & Cutler slipped the most, 19%, to 199.

Recruiting, Law firms

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