Median starting salaries plummet
And now for some news that adds salt to law students wounds.
July 13, 2012 at 06:04 AM
3 minute read
The original version of this story was published on Law.com
And now for some news that adds salt to law students' wounds.
According to the NALP, the Association for Legal Career Professionals (formerly known as the National Association for Law Placement), starting salaries for recent law school graduates are on the decline.
The organization found that 2011 law school graduates' salaries were 5 percent less than 2010 graduates' salaries and 17 percent less than 2009 graduates' salaries. The national median salary among 2011 graduates who had worked full-time for at least one year was $60,000, compared with $63,000 in 2010 and $72,000 in 2009.
Within private practices, median starting salaries dropped more than 18 percent from 2010 and 35 percent from 2009. The national median salary was $85,000, compared with $104,000 in 2010 and $130,000 in 2009.
The organization also found that nearly a quarter of employed 2011 grads were seeking a different job.
“Obviously these statistics paint a pretty dismal picture,” NALP Executive Director James Leipold said in a statement. “In many ways, the class of 2011 bore the worst brunt of the impact of the recession on the entry-level legal job market, particularly in the large firm market.”
The latest job statistics come just one month after the NALP reported that 2011 law school grads are facing the worst job market in 18 years. The employment rate for the graduating class is 85.6 percent, the lowest since 1994, when it was 84.7 percent.
Visit NALP's website for more salary statistics.
For more InsideCounsel stories about law school and law careers, read:
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllBeyond the Title: Developing a Personal Brand as General Counsel
Step 1 for Successful Negotiators: Believe in Yourself
Deluge of Trump-Leery Government Lawyers Join Job Market, Setting Up Free-for-All for Law Firm, In-House Openings
4 minute readTrending Stories
- 1Kirkland's Daniel Lavon-Krein: Staying Ahead of Private Equity Consolidation
- 2Many Southeast Law Firms Planned New, Smaller Offices in 2024
- 3On the Move and After Hours: Goldberg Segalla, Faegre Drinker, Pashman Stein
- 4Recent FTC Cases Against Auto Dealers Suggest Regulators Are Keeping Foot on Accelerator
- 5‘Not A Kindergarten Teacher’: Judge Blasts Keller Postman, Jenner & Block, in Mass Arb Dispute
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250