In recent years, enrolment to law schools have slumped, owing to the job outlook for new law graduates. However, the trend might be reversed this year thanks to signs of improvement in the legal industry. According to a report, 95% of summer associates working for law firms received full-time job offers at their respective firms after graduation. If you had put away plans of pursuing law school education, now is the right time for a rethink!
So, what about all the news reports and blogs suggesting a bleak marketplace for young lawyers? While it is true that the overall percentage of law school graduates who have found employment are low, the number of people finding jobs after finishing law school is on the rise. An ever improving economy, coupled with the fact that the number of students applying to law school is on the decline, opens up the market for newer law school graduates.
Niche legal areas
In order to improve their chances of success, younger law school students or prospects should look at niche areas such as securities and tax law. Complex business regulations and pressure from the IRS will increase demand for prospective tax attorneys. As corporate legal departments get busier, there will also be great opportunities for newer graduates at law firms as well as in-house corporate offices, technology and healthcare companies. Some other areas which will see momentum are IT and intellectual property law.
What else you can do inside qs leap ?
If you are planning law school, now is the right time to get into the grind. While the job market may not be at its peak levels, it may just be your best chance to time the market correctly. However, make sure you do your research and speak to some experts regarding the trends in the industry. You may also explore one of the niche specializations mentioned above to make sure that you are a cut above the rest.