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Starting salaries increase slightly for 2013 law grads

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The median starting salaries for 2013 law school graduates rose slightly to nearly $62,500, according to data released by NALP Thursday. More grads also found jobs nine months out of school, but the unemployment rate rose due to the increased size of the graduating class.

The national median salary for the Class of 2013 was $62,467; the Class of 2011 saw a median starting salary of $61,245. But, the overall salary median and the median for law firm jobs specifically remain below those of 2008 and 2009, when the overall median was $72,000.  NALP reports median salaries in other sectors have remained relatively flat in recent years.

Class of 2013 graduates found more jobs nine months after graduation as compared to the Class of 2012, but because last year’s graduating class was larger, the employment rate for 2013 fell 0.2 percentage points from the 84.7 percent rate for the Class of 2012.

Only 64.4 percent of 2013 graduates found a job that required bar passage, and for the second year in a row that is the lowest percentage NALP has measured. The data notes that employment in business reached a historic high of 18.4 percent and has exceeded 15 percent since 2010.

Solo practice jobs accounted for 4.8 percent of law firm jobs and 2.5 percent of all jobs for the Class of 2013. Public service jobs accounted for 27.6 percent of jobs taken by employed graduates, compared with 28.2 percent in 2012. NALP notes that this percentage has remained around 26 to 29 percent for more than 30 years.

“Law graduates must enter law school with the understanding that the jobs picture, while strengthening, is one that will continue to evolve, and in the course of that evolution it is almost certain that new opportunities will present themselves, just as it is certain that some traditional opportunities that law school graduates have long counted on will continue to erode,” said NALP Executive Director James Leipold. “It is not true that there are too many lawyers — indeed even today most Americans do not have adequate access to affordable legal services — but the traditional market for large numbers of law graduates by large law firms seeking equity-track new associates is not likely to ever return to what it was in 2006 or 2007, and thus aggregate earning opportunities for the class as a whole are not likely to return to what they were before the recession.”

The full data and text on the employment for the Class of 2013 is available on the NALP website.

The June 18-July 1, 2014, issue of Indiana Lawyer also includes data about the Class of 2013 and how law students have to think about employment long before graduation day.
 

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  1. I gave tempparry guardship to a friend of my granddaughter in 2012. I went to prison. I had custody. My daughter went to prison to. We are out. My daughter gave me custody but can get her back. She was not order to give me custody . but now we want granddaughter back from friend. She's 14 now. What rights do we have

  2. This sure is not what most who value good governance consider the Rule of Law to entail: "In a letter dated March 2, which Brizzi forwarded to IBJ, the commission dismissed the grievance “on grounds that there is not reasonable cause to believe that you are guilty of misconduct.”" Yet two month later reasonable cause does exist? (Or is the commission forging ahead, the need for reasonable belief be damned? -- A seeming violation of the Rules of Profession Ethics on the part of the commission) Could the rule of law theory cause one to believe that an explanation is in order? Could it be that Hoosier attorneys live under Imperial Law (which is also a t-word that rhymes with infamy) in which the Platonic guardians can do no wrong and never owe the plebeian class any explanation for their powerful actions. (Might makes it right?) Could this be a case of politics directing the commission, as celebrated IU Mauer Professor (the late) Patrick Baude warned was happening 20 years ago in his controversial (whisteblowing) ethics lecture on a quite similar topic: http://www.repository.law.indiana.edu/cgi/viewcontent.cgi?article=1498&context=ilj

  3. I have a case presently pending cert review before the SCOTUS that reveals just how Indiana regulates the bar. I have been denied licensure for life for holding the wrong views and questioning the grand inquisitors as to their duties as to state and federal constitutional due process. True story: https://www.scribd.com/doc/299040839/2016Petitionforcert-to-SCOTUS Shorter, Amici brief serving to frame issue as misuse of govt licensure: https://www.scribd.com/doc/312841269/Thomas-More-Society-Amicus-Brown-v-Ind-Bd-of-Law-Examiners

  4. Here's an idea...how about we MORE heavily regulate the law schools to reduce the surplus of graduates, driving starting salaries up for those new grads, so that we can all pay our insane amount of student loans off in a reasonable amount of time and then be able to afford to do pro bono & low-fee work? I've got friends in other industries, radiology for example, and their schools accept a very limited number of students so there will never be a glut of new grads and everyone's pay stays high. For example, my radiologist friend's school accepted just six new students per year.

  5. I totally agree with John Smith.

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