Recent articles making the rounds of the blogosphere are discussing recent articles and surveys that indicate Florida lawyers seem to think there are too many of them.
The numbers would seem to bear this out, showing an explosion in the numbers of attorneys over the last 20-30 years.
Of course, as most of us know, while the numbers of lawyers have been skyrocketing, the amount of legal work hasn’t – arguably, it’s been decreasing (at least the amount of paying work). Needless to say, this means many of these new (and not-so-new) lawyers are struggling to make ends meet, let alone achieve the standard of living most associate (often incorrectly) with lawyers.
As long as new law schools keep popping up and people think law school is a blank check for riches, this imbalance is likely to continue, but the market has already started to react, as law school applications have been dropping like lead, as more and more potential students realize that for many, the economics just make absolutely no sense.
At least for the short term though, until the affects of these market corrections are felt more widely, more states are likely to be dealing with the same problem as Florida.