There’s more bad news today about the financial prospects for the law school class of 2010 from NALP.
The median starting salary dropped by 13 percent and the mean fell by 10 percent, according to the report from the National Association for Law Placement.
The national median was $63,000 compared with $72,000 for the class of 2009, and the national mean was $84,111, compared with the 2009 figure of $93,454.
The association noted that relatively few salaries are actually near the overall median or mean because salaries at large law firms cluster around $145,000 and $160,000 while many other salaries range from $40,000 to $65,000.
NALP Executive Director James Leipold said individual employers are not paying new graduates less than they did in the past. Instead, the averages fell because graduates found fewer jobs with large law firms and more went to work for the smallest firms paying the lowest salaries. “No single legal employment sector really saw its starting salary change very much from the previous year,” he said.
By Alan Cooper