GITNUX MARKETDATA REPORT 2024

The Most Surprising Lawyer Employment Statistics And Trends in 2024

With sources from: educationdata.org, aals.org, nalp.org and many more

In this post, we will provide a comprehensive overview of lawyer employment statistics in the United States. From the percentage of law graduates not practicing law to the distribution of lawyers across various sectors and regions, these statistics shed light on the evolving landscape of legal employment. Let’s dive into the data to gain valuable insights into the current state of lawyer employment in the country.

Statistic 1

"In 2020, the removal of mandatory retirement has allowed lawyers to work beyond traditional retirement ages."

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Statistic 2

"61% of employed lawyers in the U.S. work in legal services."

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Statistic 3

"Roughly 37% of lawyers are self-employed."

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Statistic 4

"As of 2021, New York had the highest number of lawyers employed, with roughly 74,780."

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Statistic 5

"The first-year salary for a law graduate at a large firm can range from $160,000 to $190,000."

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Statistic 6

"About 18% of practicing lawyers are individuals of color."

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Statistic 7

"About 5% of lawyers work in local government (excluding schools and hospitals)."

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Statistic 8

"As of 2021, there were approximately 804,200 working lawyers in the United States."

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Statistic 9

"The legal sector had a growth rate of 2.1% in new job creation in 2020."

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Statistic 10

"About 23% of lawyers work more than 50 hours per week."

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Statistic 11

"The median annual wage for lawyers was $126,930 in May 2020."

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Statistic 12

"Approximately 15% of new law school graduates go into public interest law."

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Statistic 13

"Employment of lawyers is projected to grow 9 percent from 2020 to 2030."

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Statistic 14

"The highest 10 percent of lawyers earned more than $208,000 per year."

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Statistic 15

"The demand for lawyers is expected to rise due to increased legal services in healthcare, intellectual property, and environmental fields."

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Statistic 16

"The average hourly wage for lawyers was $61.03 in 2020."

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Statistic 17

"Nearly 25% of lawyers work in large law firms with more than 500 employees."

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Statistic 18

"About 46,000 job openings for lawyers are projected each year, on average, over the decade."

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Statistic 19

"Female lawyers make up 38% of the legal workforce as of 2020."

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Statistic 20

"The average law school debt among graduates is over $145,500."

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Interpretation

In conclusion, the field of lawyer employment in the United States presents a diverse landscape with various trends and statistics to consider. From the significant percentage of law graduates not practicing within ten years to the high concentration of lawyers working in legal services, there exists both opportunities and challenges within the profession. Factors such as minority representation, debt burden for graduates, growth projections for specific roles, and the demographics of the legal workforce further highlight the dynamic nature of the legal industry. As employment patterns shift, it is essential for aspiring and current lawyers to stay informed about the evolving market trends and position themselves strategically to navigate the complexities of the legal job market effectively.

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