Post-Law Job Market Looks Stable
Dean Larry Kramer and Associate Director of Media Relations Judith Romero are quoted in The Stanford Daily on the job market for graduating law school students:
No line of work has survived the recession unaffected, even the high-paying, once-booming legal industry. However, Stanford Law School (SLS) administrators remain confident in the employment prospects for their students — who are themselves generally positive about the job market.
“Law Shucks,” a blog that tracks the legal industry, estimates that major law firms laid off over 4,000 lawyers in 2009. But Law School Dean Larry Kramer said that while the job market is “tighter” now than it has been, new lawyers will still find it welcoming.
“The same bubble existed in the legal market as in the rest of the economy,” Kramer said. “Students graduating this year and maybe next year have to deal with the fallout from that. But I don’t foresee any long-term significant changes in professional prospects for being a lawyer.”
“Last year there were a lot of deferrals,” Kramer said, referring to the practice of firms offering jobs starting at a future date rather than immediate employment.
“Our Office of Career Services staff is providing customized job search support for all three classes (2010, 2011, 2012),” SLS Associate Director of Media Relations Judith Romero wrote in an e-mail to The Daily. “That means, for example, meeting 1-[on]-1 with every student to develop a unique job search strategy.”
Romero echoed that viewpoint. Though no one likes a recession, she said the decline in opportunities at big firms could encourage more creative and rewarding job choices.
“We’ve been encouraging students to think very broadly about their careers, especially about their first job out of law school,” she wrote. “Students should take the time to determine their true professional passion and follow a career path that most directly leads them to that goal.”