find the latest legal job
Senior Associate - Competition, Policy & Regulatory
Category: Other | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Work with a well regarded Partner · Sydney CBD
View details
Commercial Litigation Senior Associate
Category: Litigation and Dispute Resolution | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Lawyers Weekly Australia Partner of the Year 2016, Insolvency
View details
MULTIPLEX Regional Legal Counsel (Vic) | 7 to 10 years + PQE
Category: Generalists - In House | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Career defining in-house role · Tier One international contractor
View details
Junior Lawyer - Personal Injury Law
Category: Personal Injury Law | Location: Parramatta & Western Suburbs Sydney NSW
· Highly specialized practice · Challenging role with great opportunities
View details
IR Advisor/Member Advocate
Category: Industrial Relations and Employment Law | Location: St Leonards NSW 2065
· Permanent (0.8-1.0 FTE) role in a developing team
View details
Lost: A generation of law graduates

Lost: A generation of law graduates

Law graduates of the class of 2007 and 2008 were hit so hard by the Global Financial Crisis that one recruiter has predicted a significant gap in the legal talent market may emerge in the…

Law graduates of the class of 2007 and 2008 were hit so hard by the Global Financial Crisis that one recruiter has predicted a significant gap in the legal talent market may emerge in the future.

According to Elvira Naiman, a founder of legal recruiter, Naiman Clarke, graduates and young lawyers were often the first to go - or be denied employment in the first place - when law firms were forced to shed costs in line with the slowdown in legal work over the last 18 months.

Such tough economic conditions burdened numerous young professionals with the reality that earning a law degree, even with impeccable grades, was not the guaranteed key to employment in the legal industry that it once was.

"We've seen so many grads and one and two year lawyers," said Naiman, "some with unbelievable academic results and great training, who are completely out of work, and out of work long-term."

The problem, added Naiman, is that out-of-work graduates are now joining the graduates of 2009 and soon 2010 in saturating the market with an oversupply of junior legal talent. She believes this clash will result in some graduates falling through the cracks, while also crafting a long-term structural hole in the market where law firms have lost of generation of new recruits.

"The graduates of 2008 - those that didn't get a graduate role or couldn't stay in graduate roles - may, to some extent, fall through a hole because while technically they might be at a certain level post-qualified ... a lot of them haven't had the experience because they have been out of work."

The reality facing graduates of 2007 and 2008 is in stark contrast to that which faced the graduating classes just a couple of years before them - when the market was booming. And, according to Naiman, such changes in the market are likely to hit both legal employers and young lawyers in the future.

"There will be in three to four years, I think, a structural hole in the market where we've lost a bunch of recruits at a particular level," she said.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Lost: A generation of law graduates
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Human body, illegal organ trafficking, ALHR
Sep 22 2017
Australia poised to combat illegal organ harvesting: ALHR
The Australian Lawyers for Human Rights are calling for changes to the law so that organ trafficking...
Online service, barristers, BarristerSELECT, Stephen Foley
Sep 22 2017
New online service leverages barristers’ clerks to aid briefing
A new online tool has been launched to help NSW solicitors find the most suitable barristers for the...
NSW District Court judge, Tim Gartelmann SC, next appointment,
Sep 22 2017
Silk replaces outgoing NSW District Court judge
A barrister has been named as the next appointment to the NSW District Court, following the retireme...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...