Philadelphia, PA (PRWEB) February 04, 2013
A shrinking job market for lawyers means law students and current lawyers must seek creative ways to diversify and set themselves apart according to Wysebridge Patent Bar Review. On top of the catastrophic decline in legal employment, tuition for law schools has reached all time high, with an average individual debt of around $125,000 upon graduation. This ominous future has lead to a 30% decrease in applications to law school, causing much debate and anxiety over the immediate future of legal education and the legal job market as well.
“Thirty years ago if you were looking to get on the escalator to upward mobility, you went to business or law school. Today, the law school escalator is broken," says William D. Henderson, professor of law at Indiana University. Current law students are facing an almost impossibility for job placement in the midst of mounting debts. Current lawyers are feeling the mounting pressures of maintaining job security in a shrinking market.
On of the interesting caveats of the legal field is although the number of jobs are declining, there is still a big demand for lawyers. However, much of the demand is stemming from the intellectual property markets, where patents and patent litigation are becoming the forefront of market penetration.
Gillian K. Hadfield, professor of law and economics at University of Southern California said“We have a significant mismatch between demand and supply. It’s not a problem of producing too many lawyers. Actually, we have an exploding demand for both ordinary folk lawyers and big corporate ones.”
While often overlooked, passing the patent bar examination to become a registered patent attorney is rapidly becoming one of "simplest" ways to boost marketability and enhance employability. "It's simple, i
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