Demographic Trends

Received wisdom is that law schools are turning out too many graduates. As usual, received wisdom has some elements of truth, but is not the whole story.

We looked at the demographic trends as part of our background research, and found that while some observers continue to consider the legal profession a strong industry, the fact that the median age of retirement for lawyers is 75 creates a bottleneck effect – jobs exist, but new calls must wait for the older lawyers to vacate them.

Still, the study also found that the number of practising lawyers is growing faster than the country’s general population.

In a time when demand for legal services is static-to-declining, as would-be clients turn to self-representation or other professionals, over-supply can be problematic for those who expected a certain return on their investment in law school… and now can’t even find an articling job.

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