Dc Legal Market
What does this mean for the cross-market? In short, the opportunity. We have more than 500 lateral moves to DC since the beginning of the year, and companies continue to hire at a steady pace. We have hundreds of open positions for litigation, transaction and regulatory lawyers. Although the legal sector recorded only moderate losses relative to the general labour market in the March Labour Market Report, the picture becomes bleaker when the last two weeks of March are taken into account. Job losses in law firms will be inevitable as the industry absorbs the effects of the larger economic shutdown. Despite the large number of lawyers and the expansion of the market, DC is not considered an easy market to exploit on the private sector side. The appeal of demanding work, the presence of many local law schools, the relatively more relaxed pace of work (compared to New York City), and the proximity to government for those who wish to leave a law firm to work for Uncle Sam make DC an attractive place for young lawyers. Although it is the second largest legal market in the country, the size of its summer classes (average = 10) pales compared to New York (average = 31). Highlighting local connections as well as interest/background in government-related issues can distinguish candidates. For this reason, it is important to use external internships and summer positions wisely to enter this market. On the positive side, about 90% of summer employees at Dc in 2018 received a job offer after graduation. DC`s appeal for a practice such as antitrust law needs no explanation. But it is important to recognize that the dynamic legal marketplace encompasses a remarkably wide range of practice areas, including some that are not closely related to the federal government.
What is particularly striking at the moment is that companies are hiring in virtually every area of practice. At Lateral Link, we`ve worked with many lawyers to take advantage of strong market demand to achieve their goals, whether it`s moving to a more respected law firm, increasing their compensation, or both. If you are a DC resident (or open to moving here) and are interested in taking your practice to the next level, please contact me to learn more. “Very few companies are able to withstand market forces,” Jones said. The new office appeared to be late, Dan Binstock, a Washington-based legal recruiter, said in an interview. Check out the links below for more information about the Washington legal market, networking opportunities, and job postings. On the corporate side, attitudes have declined somewhat from last year`s fast pace, but there are still plenty of opportunities. Private equity, M&A, capital markets and securities partners will consider a plethora of options, with two to five years of experience again being the ideal point. We also fill a number of EC/VC and financial positions. For many candidates, DC may not immediately come to mind as a leading transaction center, but this market has real benefits for the company`s employees. DC`s corporate teams tend to be smaller than in New York, and employees have the leeway to work on a wider variety of transactions.
Employees looking for a more general practice as well as expanded opportunities to connect with customers at an early stage should consider moving to DC. ADMINISTRATION and regulation – these two rather bland words go the wrong way on the issues of DC`s legal market. As you`ll see in Chambers USA`s ranking below, DC is an island of how legal markets play out: the government and business units most affected by machinations on Capitol Hill dictate everything. Elsewhere in the United States, areas of regulatory practice tend to play a secondary role to major transactional and litigation disputes; Environment, projects, space law, life sciences, telecommunications, healthcare, and intellectual property make headlines here at DC. A career here offers something very special. Because the federal government continues, recession or not, the legal work related to the government continues. DC firms tend to have relatively diverse practices, which is also helpful: litigation, regulatory, and corporate practices each include significant revenue streams for large DC companies.