Let take this opportunity to welcome the recent graduates who are hunting for jobs. Many of them will no doubt be joining you soon. For those recent grads who where fortuitous enough to get an associate position at a Big Law firm, have fun. The likelihood is that for the next few months you will be reviewing documents, and/or overseeing contractors reviewing documents. Have fun. For those of you who did not get the big law job, the likelihood is good that you will be either overworked, underpaid, and underappreciated OR you will join the rest of us in contract land dreaming of something more.
Here is the trap, if you do not get out in your first year, and went straight through college and law school, you are trapped. Don't get trapped. Take whatever time you need and find a permanent position.
For those dreaming of a career in Law that will make them a lot of money, think again. There are too many lawyers out there, and the salary level for all but the top graduates has dropped. Take a look at this graph from NALP.
Source:Jobs & JD's, Class of 2007
Note: The graph is based on 23,337 salaries. A few salaries above $200,000 are excluded for clarity.
Incidentally, Tom the Temp recently reviewed some of these results, his blog on this is located at: http://temporaryattorney.blogspot.com/2008/08/ghettoization-of-legal-profession.html
If I am not mistaken, this reminds me of grafts that I learned about in high school when reading about Marxist theory. If I recall the income gap grows and grows until a point where the proletariat becomes large enough, and unhappy enough, and finally decides to violently overthrow the bourgeoisie. The unfortunate part of all of this is, as attorneys, we are looked at by society as the bourgeoisie.
I will try to write more soon. And for those who are not currently employed, I have heard that there are 2 or 3 potential projects in the works for the Philadelphia Area. Feel free to share with others what agencies are or might be hiring.
The Black Sheep