Stanford law School is at least one academic institution that remain confident that their students will get jobs. “Law Shucks,” a blog that tracks the legal industry, estimates that major law firms laid off over 4,000 lawyers in 2009. But SLS law school Dean Larry Kramer said that while the job market is “tighter” now than it has been, new lawyers will still find it welcoming, according to a report from the Stanford Daily.
“The same bubble existed in the legal market as in the rest of the economy,” Kramer said. “Students graduating this year and maybe next year have to deal with the fallout from that. But I don’t foresee any long-term significant changes in professional prospects for being a lawyer.” In terms of finding employment, new graduates from SLS have been insulated from the effects of the recession so far, according to the school.