Although warnings about a poor job market and an economy on the brink of a recession have filled the airwaves recently, the 2008 outlook for the legal market shows that it will continue to be a booming sector. Work, as well as jobs, in the areas of corporate securities, energy, and IP law in particular will continue to grow throughout the year. Moreover, salaries will also rise by 9.1% for attorneys, with first year associates who work at large firms earning $111,750 to $137,000.
A new release from the Bureau of Labor Statistics reveals that the amount of jobs in the legal sector fell a third of a percent. The reports of losses of legal sector jobs come after three months of an upward trend of job growth in legal services.
Following the recent settlement of two lawsuits, the Sacramento County District Attorney's Office was able to retain over two dozen positions.