For the fifth year in a row, the national median salary increased to $90,000, with the median law firm salary at $165,000, a 10% year-over-year increase. However, there are suggestions that the market is starting to contract for future classes, indicating the Class of 2023 might be the last to benefit from these favorable conditions.
The Class of 2023 saw the highest ever employment rate at 92.6% and the lowest unemployment rate since 2007 at 5.8%. Despite these positive outcomes, caution is advised for future classes as recruiting activity among Biglaw firms hit an 11-year low, potentially signaling challenges ahead.
[
Collection
]
[
|
...
]