While the job market is recovering from the recession quite nicely (that’s the blue line), legal jobs aren’t doing quite so well, at least according to this chart from the American Lawyer. (Follow that link for an interactive version of the chart.)
Since legal employment bottomed out in 2009 Q4, the net gain is just about 100,000 jobs. That’s something, but with 35–40,000 new lawyers every year, it’s not nearly enough. Besides, look at that sad little hill in the red line. Firms started hiring, then apparently realized the work wasn’t coming back and laid off everyone they hired back. Then, the market went flat. For most of 2014 it looks like any new job openings must have been due to attrition, not growth.
That’s a depressing chart.
(h/t Keith Lee)