Legal jobs market bounces back slightly in January

The Labor Department finds the legal sector regained more than half of the jobs lost in December 2011

On the heels of the U.S. economy adding 243,000 jobs in January, and the unemployment rate dropping to 8.3 percent (the lowest rate since February 2009), it stands to reason that the legal job market also benefitted from all the gains, right?

While that logic didn't really hold up December 2011, it proved true last month as the legal sector rebounded somewhat from the previous month's losses. After dropping 1,800 jobs in December 2011, the legal services sector added back 1,000 jobs, the Labor Department announced today.

This is perhaps a sign of optimism that not only has the U.S. jobs market overall somewhat stabilized, but that the legal jobs market also may right the ship after losing 2,700 in 2011 (down from 41,900 jobs in 2009). 

Continuing that optimism, professional and business services, in which the legal services sector resides, accounted for 70,000 new positions in January

Comments

InsideScoop Daily eNewsletter

InsideScoop delivers the latest-breaking news affecting in-house counsel. Get the latest business trends, current corporate litigation, labor developments, technology initiatives and more — FREE. Sign up now!

You have been subscribed! You will receive a confirmation email soon.

See the entire list of InsideCounsel eNewsletters.

Resource Library


Bring the Benefits of Decision Tree Analysis to Your Everyday...

In this on-demand webinar, learn how to counter the challenges of litigation with predictive analytics...

13 Things to do Now to Reduce Risk and Avoid...

We have developed best practices for lowering your e-Discovery costs, shortening the length of your...

7 Simple Strategies for Improving Legal Fee Budgeting Certainty

Understanding the legal fee budgeting paradigm and following seven simple strategies will help you control...

Complimentary White Paper: Best Practices for Meeting Critical eDiscovery Challenges

Packed with practical advice, this white paper discusses best practices for meeting eDiscovery challenges across...

Complimentary White Paper "Key Considerations for Collection Methodologies and Resources"

This white paper addresses the need for companies to reevaluate their current collection policies in...

Moving Matters In-House: How Technology Enables Legal In-Sourcing

Strategically shifting more matters to in-house counsel has proven to be an effective strategy to...

5 Ways to Promote Responsible Content Sharing

Find out five ways that organizations can promote responsible sharing of content among employees by...

Reducing the Costs of eDiscovery from Collection to Court!

Predictive coding is only one of many ways organizations can make eDiscovery faster, cheaper and...

Discovery Shifts to the Cloud

Adoption of Cloud computing continues to gain momentum. How can IT and Legal Teams avoid...

Lower Your Total Cost of Ownership

With the deployment of Proofpoint Enterprise Archive, organizations have realized significant cost savings in automating...

View All »

Advertisement. Closing in 15 seconds.