Legal Industry Job Data - Business Insider

A recent opinion piece in The Wall Street Journal offers a pretty dismal picture of the job market recent law school graduates.

"Nationally there are twice as many graduates as there are jobs," Chris Fletcher wrote in his op-ed (emphasis ours). "The Bureau of Labor Statistics estimates that the economy will provide 21,880 new jobs for lawyers annually between 2010 and 2020; law schools since 2010, however, have produced more than 44,000 graduates each year."

However, some in the field are still refusing to admit there's a problem.

Case Western Reserve University School of Law Dean Lawrence Mitchell wrote an op-ed in The New York Times in November criticizing the media for supposedly exaggerating legal industry employment problems.

And Mitchell is standing by his opinion.

"It's not clear to me there's an oversupply problem at all," Mitchell said in a recent interview with Bloomberg, adding that law students just need to change their career goals and look for jobs outside of BigLaw firms.

However, the data seems to validate Fletcher's op-ed. After all, demand for legal services dropped .8 percent at the end of last year.

Yet many schools are still refusing to cut their class sizes and are enrolling big freshman classes, spurring some recent grads to flip out on the alma maters.

One such unemployed former student sent a blistering rant to the University of Buffalo law school accusing the dean of "fiscally raping law students for your own very substantial personal gain."

DON'T MISS: If This Picture Doesn't Convince You The Law School System Needs To Change, Nothing Will >

Source: http://www.businessinsider.com/legal-industry-job-data-2013-1

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