As noted above, not every state is overproducing lawyers. Nebraska and Wisconsin actually have small deficits of lawyers. The place with the biggest shortage is the District of Columbia, which is projected to have 618 new jobs opening annually for lawyers for the next few years, but had only 273 bar-passers in 2009.I suspect that by "$70.96 an hour" they mean that if you multiply $70.96 by 2,000 (a forty hour week with two weeks of vacation) you end up in the neighborhood of $140,000 per year. But... alas, lawyers in that pay range don't have the luxury of a forty hour week. I think an accurate figure is probably more along the lines of $40 per hour. (Or, if you were to compare the compensation to a job that pays overtime, perhaps a bit over $30.)
Given this shortage, it is perhaps unsurprising that the District of Columbia has the highest median wage for lawyers in the country: $70.96 an hour.
Tuesday, June 28, 2011
Lawyer Shortages and Salaries
a shortage of lawyers: