The article is based on data gathered and analyzed by Economic Modeling Specialists Inc. (EMSI), a consulting firm specializing in economic analysis and employment data.
Pasadena, CA -- (SBWIRE) -- 06/29/2011 -- The New York Times is reporting that the tough job market for new lawyers is partly a result of a lawyer glut in the law jobs market.
The article is based on data gathered and analyzed by Economic Modeling Specialists Inc. (EMSI), a consulting firm specializing in economic analysis and employment data. The figures gathered by EMSI in fact show that the law schools are graduating more JDs than the economy can absorb for the next few years.
EMSI has taken as its baseline the number of people passing the bar in every state and DC in 2009. The numbers were then put up against the number of estimated job openings for lawyers in those states for the period 2010-15. In every state except Wisconsin and Nebraska, plus DC, there was a lawyer surplus.
The biggest surplus was in New York. 9,787 people passed the bar in 2009 for an estimated 2,100 openings for the period 2010-15. Nationwide, there were only 26,239 job openings for lawyers, while 53,508 people passed the bar. California was in second page with almost 3,000 lawyers in surplus.
Even Nebraska and Wisconsin just have negligible surpluses of law jobs for lawyers. But even though attorney jobs for new lawyers are scare, they exist in most states. LawCrossing is a job aggregator site for all types of legal jobs. The site has been able to locate over 5,500 attorney jobs in New York alone. Nationwide it has located over 29,000 attorney jobs.