Know Your Market: The Supply and Demand Factor

What does economics have to to do with finding a legal job?  Everything!  In determining where you want to practice, perhaps the most important factors are supply and demand.  Does the local legal market need another attorney?  Are any firms in the area hiring?  If so, in what practice areas?  Is there saturation or have there been recent legal layoffs?  How is the local economy faring in general?  These are all important factors you must consider before you commit to any legal market.  And according to a study by Economic Modeling Specialists, Inc., nearly every jurisdiction except for Wisconsin, Nebraska, and Washington, D.C. has an oversupply of lawyers right now.  What does this mean for you?  It means that to find a legal job in an area that does not have great demand for attorneys, you will probably need to work harder, it will take longer, and your starting salary may be less.  It also means that more than ever, you need to work one-on-one with a career counselor from your first year forward to ensure that you are ahead of the pack in your job search efforts.  Contact Career Services for a counseling appointment in our office or via phone.