A few weeks ago, the National Association for Law Placement (NALP) published the national summary report for its Employment Report and Salary Survey (ERSS) (pdf). Unlike last year, the chart lists the total number of graduates and the number who reported employment information, and the NALP updated its ERSS national summary chart for the class of 2014 to include that as well. I chided the NALP for omitting these last year, but that’s not a problem now. Good.
My goal today is to quickly glance at the ERSS for information the NALP might not have reported or missed, and to add to the time-series displays of graduate employment outcomes I provided last year. The NALP’s data are far easier to work with than the ABA’s when it comes to longitudinal trends, so this is where to get it. Nevertheless, I don’t have much to say.
The NALP’s selected findings (pdf) focused on the number of graduates finding private practice jobs, the lowest since 1996. There were undoubtedly fewer than 40,000 graduates that year, so compared to 39,984 this year, this is understandable. What is new, as I discussed in May, is that even though the number of graduates fell, the proportion of them finding better work didn’t improve. Large percentages are still working in “JD-advantage” jobs and nearly 11 percent reported being unemployed. This is not what a law-graduate recovery would look like.
Last year, at least, there was some rise in the proportion of employed grads. This year nothing’s changed. Blame all the grads who failed the bar, I guess.
As for the kinds of jobs grads are getting, I’m seeing a mid-law crunch since 2007 that I don’t believe the NALP has discussed.
(Sorry this one’s a little unclear.)
In fact, hiring at firms with 51-250 lawyers shrank the most since 2007, more than 30 percent in each category. Smaller firms have grown—but are now shrinking—and the biggest firms are making a comeback.
I’m not a biglawologist, nor a midlawologist, but if the big firms aren’t annexing the middle ones, then this is a chunk of the profession that’s shrinking. Looking at the After the JD II data, which I know is dated, middle-sized practices tended to have low outflow rates compared to other practice areas. Aside from government work, maybe these were among the best long-term jobs one could get out of law school?