Pasadena, CA -- (SBWire) -- 08/08/2011 --The law picture is badly wounded. It is going to be a tough time for the entry level job seekers because the jobs are shrinking day by day. While, on the other hand, the number of graduates from law schools is increasing rapidly.
In a nutshell, the statistical information provided by the NALP is that the average salary for law school graduates chopped by 13% from $72,000 to $63,000. The employment rate for the class of 2010 on the whole was 87.6%, down 4% from 2007. But only 64% of those graduates got a full time job that required bar passage. Approximately 2.7% of the jobs for the class of 2010 were obtained by means of law schools aiding their own graduates. A study from Northwestern Law states that around 15,000 attorney and legal-staff jobs at large firms have disappeared since 2008.
Law schools are troubled with information requests. If the ABA and NALP cover the same information using different terminology - it will avoid breaching on NALP's detailed classification system
The American Bar Association Section of Legal Education and Admission had made an effort to create a clear and more transparent system for tracking the employment outcomes. Last week the ABA section announced its new plan. It will have the derived effect of dejecting the National Association for Law Placement's ability to collect, analyze, and publish industry-level data.
What do you think would be the result of this? Indebted graduates struggling to find the right job opportunities.
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