Tag Archives: increased hiring of lawyers

Lawyer Employment Jumps By 40,000 in 2014!

Cooley President and Dean, Don LeDuc

Cooley President and Dean, Don LeDuc

Now Is the Time to Fulfill Your Dream of Becoming a Lawyer!

Western Michigan University Cooley Law School’s President and Dean, Don LeDuc, publishes commentaries on our website about the Law School, legal education, legal employment, and related topics.  This post summarizes President LeDuc’s commentary highlighting the recent surge in lawyer employment in the U.S.

Football Coach George Allen famously said, “The future is now.”  Those considering law school should listen to Coach Allen.  Here’s why.

In 2014, the number of employed lawyers increased by 40,000, or 3.66 percent, compared to 2013, according to a just-released U.S. Bureau of Labor Statistics report.  Conversely, the number of unemployed lawyers fell by 8,000.

This means that improving economy in 2014 clearly supported not only the increased number of law school graduates, but also reduced the number of lawyers previously unemployed by one-third.  The unemployment rate among lawyers is now 1.2%, far below the national unemployment rate of 5.5% and likewise the lowest lawyer unemployment rate since before 2008.  And the unemployment rate for lawyers in the fourth quarter of 2014 was 0.6%.

Summer 2015 will see about 3,000 fewer law school graduates entering the job market than did so in 2014.  At the same time, increasing numbers of lawyers will retire due to aging and the recovery of retirement portfolios.

The combined trend of fewer graduates and more retirements will continue for at least another three years, creating an increasingly favorable employment outlook.

Now is the time for those whose dream is to become a lawyer to disregard the blog-fog and look at the clear employment picture that the Bureau of Labor Statistics has painted.  That dream’s future is now.

Read this commentary in full.       

Click here to see all of President LeDuc’s commentaries.

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Filed under About Cooley Law School, History, Latest News and Updates, The Value of a Legal Education

Legal Jobs Numbers Continue Their Uptick

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LawCrossing Reports That Legal Employment Is Increasing

LawCrossing, an affiliate of Employment Research Institute, reports that the unemployment rate in the legal profession continues to drop.  Says LawCrossing:

As per the latest Employment Situation Summary of the Bureau of Labor Statistics (BLS), job opportunities in professional and business services expanded in September. A closer study revealed that the job market has once again favored lawyers. In the legal sector, the job growth is largely being attributed to the creation of many new non-traditional positions for lawyers. According to Harrison Barnes, Chief Executive Officer of LawCrossing, “The drop in September’s unemployment rate in the legal sector, has been driven by employment growth in small and mid-sized law firms as well as big law firms.” Latest job searches conducted on LawCrossing supports the job growth showing more than 38,900 legal opportunities in the U.S.

And the American Bar Association itself reports that the legal sector has added jobs for the third month in a row.  Thus, reports LawCrossing:

Conclusively, the legal job market is looking favorable, and holds true to the BLS forecast that was made in regard to employment of lawyers in the Occupational Outlook Handbook, 2012-13 Edition.

 This report substantiates Cooley’s position that now is a great time to start law school.  It also is consistent with Digital Journal’s published account of an earlier LawCrossing report that legal employment will increase starting in the second half of 2013 and continuing through 2014.

 

 

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Filed under Latest News and Updates, The Value of a Legal Education