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.
Personal career assessments and tallying of your strengths and weaknesses is essential for keeping you ready for changes. It is common for in-house attorneys and other legal staff to face the axe on short notice for any number of reasons.
The legal sector has taken yet another hit during the final month of 2010, as it lost jobs for another consecutive month.