<p>Dead cat bounce? It’s darkest before the dawn? Or maybe I don’t quite believe it’s all that bad out there provided you go to a top law school and are near the top of your class and aren’t graduating right now. And you have to be flexible in what you’re willing to do. I don’t imagine the top half of the class at Harvard or Yale or Stanford are exactly suffering, it’s the poor schlubs at third tier law schools who still think it’s the glory days of 2005 that can’t find jobs, especially those on the lower end of the class. Someone is getting hired, it’s not like every new graduate is permanently unemployed.</p>
<p>Traditionally, those who go in the pipeline in any profession when the number of students is low tend to do pretty well by the time they come out on the other end. For HS seniors, that’s over 7 years from now, for college seniors, it’s a little over 3. If you’re not just chasing dollars, but truly are interested in the law, it’s still a good profession. It’s not exactly like they’re making any fewer laws and regulations, or filing any fewer lawsuits.</p>
<p>My wife is an attorney and they are always looking for associates with a few years experience in corporate law who are willing to do transactional work, not the glory stuff like Big Deals and M&A. They are amazingly hard to find.</p>