Stephen F. Diamond (Santa Clara), Good News for Lawyers as Employment Increases Again; Silicon Valley Lawyers Get a Hefty Pay Raise:
Continuing a decades old trend, employment of lawyers increased yet again from May, 2017 to May, 2018, in the latest data released today, March 29, 2019, by the Bureau of Labor Statistics of the U.S. Department of Labor. (The data excludes partners, who are not defined as “employees,” and may also exclude some solo practitioners.)
Nationally, there were 642,750 people employed as lawyers as of May 2018 compared to 628,370 a year earlier, representing an increase (net of retirements, deaths, and changes of employment) of 14,380 lawyers [2.2%]. ...
Incomes were up, yet again, as in every year but one over the last two decades. The mean wage as of 2018 was $144,230 [+1.6%] and the median was $120,910 [+1.3%]. ...
I began tracking this data several years ago because it contradicted the dour narrative being peddled by the so-called “law school scammers” who attempted to claim that the legal profession was collapsing. While demand for legal education grew significantly in the first decade of the new century, it dropped dramatically in the early years of the second decade.
But the labor market itself, as indicated by the BLS data, indicated a fairly stable occupation, with incomes and employment growing in almost every year over the last two decades.
The demand for legal education has begun to rebound recently with double digit increases in LSAT test taking now being reported by the Law School Admissions Council.