Facts & Figures: Litigation driving hiring at law firms, legal departments
From hiring prospects to a surge in patent litigation, an inside look at the numbers that count
July 05, 2013 at 09:54 AM
4 minute read
The original version of this story was published on Law.com
Sobering Statistics
Newly minted law school grads don't just have each other to fight for jobs. According to a new employment report from the National Association for Placement, a sizeable percentage of graduates from the class of 2012 still hadn't found jobs nine months after leaving their alma maters. Alums who did find jobs, however, saw their starting salaries jump from the previous year.
12.8% Unemployment rate among 2012 grads as of mid-February, up 0.7 percent from stats for the class of 2011
58% Graduates who have held full-time jobs requiring bar passage for more than a year, up 2 percent from last year
$61,245 National median salary for new graduates, up more than $1,000 from last year
Hiring Hopes
There may be a light at the end of the tunnel for unemployed law school grads, though. A new survey courtesy of Robert Half Legal shows that a significant percentage of law firms and corporate legal departments plan to expand in the second half of 2013.
These planned staffing increases are at least partially driven by an increase in litigation work, although employers anticipate difficulties finding lawyers with the necessary skills.
31% Lawyers surveyed who said that their law firm or company plans to add new positions
50% Respondents who said they plan to maintain staff levels by filling empty positions
2% Companies and law firms that plan to reduce the number of jobs
55% Respondents who expect litigation activity to fuel hiring
53% Respondents who reported difficulty finding skilled legal professionals
Litigation Leap
Patent lawyers could find themselves in high demand in upcoming years, if the 2013 Patent Litigation Study from PricewaterhouseCoopers is any indication. According to the study, the number of patent litigation filings jumped significantly in 2012—along with the number of damages awards totaling more than $1 billion.
Part of that increase is attributable to a portion of the America Invents Act that limits the number of defendants that can be included in a single suit. Non-practicing entities, also known as patent trolls, were responsible for more than half of 2012's patent suits.
5,189 Patent litigation filings in 2012
29% Increase in these filings between 2011 and 2012
3 Total cases with damages awards exceeding $1 billion prior to 2012
3 Cases with damages awards of more than $1 billion in 2012 alone
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
© 2025 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 AllCompanies' Obsession With Soft Skills Has Made Prized GC Posts Even Harder to Land
4 minute readMeta Workers Aren't of One Mind on Company's Retreat From DEI, Fact-Checking
Private Equity-Backed Medical Imaging Chain Hires CLO, Continuing C-Suite Makeover
Trending Stories
- 1Law Firms Report Wide Growth, Successful Billing Rate Increases and Less Merger Interest
- 2CLOs Face Mounting Pressure as Risks Mushroom and Job Duties Expand
- 3X Faces Intense Scrutiny as EU Investigation Races to Conclusion & Looming Court Battle
- 4'Nation Is in Trouble': NY Lawmakers Advance Bill to Set Parameters for Shielding Juror IDs in Criminal Matters
- 5Margolis Edelstein Broadens Leadership With New Co-Managing Partner
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
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