(See article below)
The Lion Group’s perspective on this article is that there’s more
entrepreneurial avenues for the JD skills sets deployed at law schools.
It does also depict the temporary constriction of the big law hiring environment
for JD grads. But this is not a negative; its really good. A capitalistic economy only
allows for creativity and not on going negativity. We are in a unique season of our
economy and nation and one should not be discouraged. Change is good.
And new opportunity will and is finding a way into the law industry.
Our perspective will dictate our actions and outcome.
We at the Lion Group are encouraged by the entrepreneurial shifts within in the Law Industry.
You should be too.
Posted Jun 7, 2012 10:07 AM CDT
By Debra Cassens Weiss
New statistics from NALP paint a bleak picture of the job market for 2011 law grads.
The overall employment rate nine months after graduation was 85.6 percent, the lowest it has been since 1994, according to a NALP – The Association for Legal Career Professionals press release. But the employment rate doesn’t tell the whole, dismal story.
Among law grads whose employment status was known, only 65.4 percent were in jobs requiring bar passage, the lowest percentage ever measured by NALP. The number has fallen nine percentage points since 2008. Only 60 percent were working full-time as lawyers in jobs that required bar passage.
“The entry-level job market can only be described as brutal,” NALP executive director wrote in a publishedcommentary (PDF). The class of 2011 may represent the bottom of the employment curve for this economic cycle, he said. Its members were caught up “in the worst of the recession, entering law school in the fall of 2008 just as Lehman Brothers collapsed.”