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New Lawyers and their Transition into the Marketplace
by Thomas F. Liotti
Recently released census figures show that our nation's documented population has grown to an astounding 281,000,000 people. In a recent edition of the New York Law Journal, the population figures were broken down by County and ratios of lawyers to population revealed the competitive nature of the legal profession.
In Nassau County, for example, there is one lawyer for every 135 people. In Manhattan, there is one lawyer for every 26 people. While the statistics may be somewhat misleading since most lawyers have their niche and not all lawyers compete for the same clientele, there is nonetheless a competition for new business in this millennium that began to surge in the 1970s with the influx of baby boomer lawyers into the profession.
More law schools have been accredited in the past thirty years and each year the number of lawyers coming into the market place far exceeds those that are retiring or dying. We have not seen the peak as yet. In fact, the allure of corporate law salaries and bonuses compares favorably with the benefits available in the competitive high tech industry which had substantial economic setbacks in 2000 as did the stock market in general.
The New York State Bar Association's recently completed study of Public Trust and Confidence in the Legal Profession challenges all lawyers to boost the image of the profession. Yet for struggling new lawyers unable to find jobs, there are dangers in coming into the practice of law without ample training and experience. New lawyers who are desperate for income to pay off student loans or meet family obligations, are taking unprecedented risks by entering the practice of law without adequate practical training, resources and mentoring programs.