NALP Report Shows Salaries for Class of 2011 Fell Across the Board
NALP has released more information, following up on its earlier report, regarding the employment scenario for the class of 2011.
The data shows that the median starting salary for the class of 2011 was down by 5% compared to 2010 and 17% compared to 2009. The median salary is now $60,000 compared to $72,000 in 2009.
The median starting salary in private practice fell 18% compared to 2010 and 35% compared to 2009. The median law firm salary (based on reported salaries) is now $85,000 compared to $104,000 in 2009.
The huge drop in this area is because of the decreased opportunity of private practice at the largest law firms according to NALP executive director James Leipold.