Legal Sector At 1991 Lows
Guess I’m not the only jobless JD. Employment in New York’s legal sector has fallen to lows not seen since 1991, Law.Com reported.
This confirms why University of Michigan and other top students are only getting document review in India:
The labor data confirms earlier reports that law firms had dramatically scaled back their summer associate programs. Skadden, Arps, Slate, Meagher & Flom has 34 summer associates in New York, down from 102 in 2009. Weil, Gotshal & Manges meanwhile has 20, compared to 96 last year. A report by the National Association for Law Placement in May found New York firms reduced 2010 summer associate offers by 44 percent.