SolutionsHire top legal talent for any scope of workGet Started Contact us to find the best fit for any in-house or law firm role Testimonials Trusted by the world's leading legal departments FAQ Frequently asked questions about working with Legal.ioEmployer Resources Tools and guides for hiring managers The U.S. legal services sector added 1,600 jobs in September, to reach 1,181,400 jobs, reversing a decreasing trend that began in the spring. The increase is largely due to strong financial performance in H1 and growing demand for legal services.
The legal sector added 1,600 jobs in September, according to U.S. Labor Department data.
Total legal employment now stands at 1,181,400.
Legal sector’s strong financials in the first half of 2024 may have driven the recent job growth.
After four consecutive months of decline, the U.S. legal job market rebounded in September, adding 1,600 jobs, according to Labor Department data cited by Reuters. The legal industry’s recovery mirrors broader job growth trends across the U.S. economy, which saw a resurgence as hiring improved in other sectors like healthcare and government.
This increase brings the total number of legal sector jobs to 1,181,400, according to preliminary seasonally adjusted information from the Bureau of :Labor Statistics.
The increase comes after a steady monthly decline since April, when the sector counted 1,188,200 jobs.
This year’s all-time high for legal sector employment was in February, with 1,190,300 jobs.
The Labor Department's data includes legal workers at law firms, companies and other organizations of all sizes, including paralegals and assistants. The majority are lawyers
The rebound in legal jobs aligns with a stronger national employment picture. September saw accelerated job growth in the broader U.S. market and unemployment sipping to 4.1%.
Nonfarm payrolls increased by 254,000 jobs in September, the most since March.
Average hourly earnings rose 0.4% and wages increased 4.0% on a year-on-year basis.
The legal industry's strong financial performance in the first half of 2024, as week as increased demand, could be contributing to the job growth.
U.S. law firms reported an 11.4% revenue increase on average in the first half of 2024 compared to the same period last year, according to data from Wells Fargo's Legal Specialty Group.
Demand for transactional practices is also rising after three years of sluggish performance, according to Thomson Reuters Institute's Law Firm Financial Index.
Overall, there has been robust demand legal personnel from companies and large law firms over the last four months, across different geographical and practice areas, according to recruiting firm Major, Lindsey & Africa President John Cashman.
Negotiation skills are useful in a personal and a business context. This guide provides helpful tips on what to think and prepare for before and during a negotiation.
Published weekly on Friday, the Legal.io Newsletter covers the latest in legal, talent & tech.
Published weekly on Friday, the Legal.io Newsletter covers the latest in legal, talent & tech.
Debra Achkire assumes role of general counsel at Lido Advisors LLC
Legal Operations professionals talk about what they use to manage and analyze large volumes of legal data.
Under a new law, employers are also prevented from disciplining employees who do not attend these meetings.
The U.S. Justice Department has appointed Jonathan Mayer as its first Chief Science and Technology Advisor and Chief Artificial Intelligence Officer, a move aimed at ensuring the department stays abreast of scientific and technological advancements.
One delete button to remove all personal data that companies may have of you.
Sidley Austin, a leading law firm, recently undertook a groundbreaking experiment to evaluate the efficacy of GPT-4, the latest generative AI model from OpenAI, in the realm of e-discovery and document review. This article delves into their findings, shedding light on both the advantages and limitations of employing GPT-4 for legal document review.
