The overall employment rate for the class of 2011 is lower than it’s been in 17 years, according to the National Association for Law Placement. Those fortunate to land jobs are earning salaries 35 percent lower than they would have just two years ago.
In 2009, the median firm salary for a new associate was $130,000. In 2011, that number decreased to $85,000. The median firm salary does not provide an accurate picture of the legal market. The highest paying jobs inflate the median and the mean when the majority of law graduates will be working for far less than $85,000. For example, the mean salary of all full-time salaries was $78,653.
To read more from the National Association for Law Placement, please click here.