Big Law firms are the largest and most prestigious law firms in the United States, and they are often seen as the top of the legal profession. As such, the job market for entry-level attorneys is highly competitive. Understanding the current job market trends can give prospective associates an edge when applying for jobs at these firms. This blog post provides a comprehensive overview of the job market trends in Big Law.
The Big Law job market is highly competitive and constantly changing
Recent data from the National Association for Law Placement (NALP) shows that the overall job market for Big Law firms has been declining in recent years. In 2017, the number of entry-level positions fell by 3.1 percent, while the number of lateral positions increased by a modest 1.3 percent.
Big Law firms' job market is heavily influenced by economic factors
During the 2008-2009 recession, the job market for Big Law firms declined sharply, with the number of entry-level positions decreasing by 19.5 percent and the number of lateral positions decreasing by 10.8 percent. Since then, the job market for Big Law firms has slowly recovered, but it has not yet returned to pre-recession levels.
Entry-level attorneys needed in certain areas of law
Many Big Law firms continue to look for attorneys within certain practice areas such as litigation, intellectual property, and regulatory compliance.
Big Law job market varies by region
According to the NALP data, the strongest job markets for entry-level attorneys are in New York, California, and Washington, DC. Other cities with a strong demand for Big Law attorneys include Boston, Chicago, and Houston.
Prospective associates must stay up-to-date on Big Law trends
As the job market for Big Law firms continues to evolve, it is important for prospective associates to stay informed of the latest trends. Understanding the current job market trends can give applicants an edge when applying for jobs at Big Law firms. Additionally, it is important to keep in mind that the job market for Big Law firms is highly competitive and can change quickly, so it is important to stay up to date on the latest developments.
Overall, the job market for Big Law firms is still in flux, but there are certain areas of law that are experiencing strong demand for entry-level lawyers. With a strong understanding of the current job market trends, prospective associates can gain an advantage when applying for jobs at Big Law firms.