The Boston legal market is booming in 2018
Good news, law school graduates: Boston’s legal job market is booming.
Thanks to above-average and extended economic growth across multiple sectors, Boston is rapidly securing its place as one of the best legal markets in the country—and attracting the big firms to back it up. Demand for legal talent is high, and Boston’s many young lawyers and law students are ready to fill the gap.
Some of the biggest companies in the country are helping drive this growth, including local Fortune 500 regulars Liberty Mutual, State Street, and TJX Corps (not to mention regional offices for tech giants like Apple). South Boston’s flourishing Seaport District has been a major contributor too, with companies clamoring to buy space there. Biotech, health care, and financial services are also among Boston’s fastest growing industries.
It all adds up to mushrooming legal needs—and lots of jobs for current and future lawyers.
Top firms take advantage
Cue major law firms moving into the city to take advantage of this economic growth, including some of the highest-grossing firms in the country: Hogan Lovells, Quinn Emanuel Urquhart & Sullivan LLP, and other big names opened offices in Boston in just the past few years.
“The Boston region is a key strategic market in the United States,” said Hogan Lovells CEO Steve Immelt in a recent release. “Although we have worked closely with clients in the area for years, it more recently became clear to us that there was a need for an office that had strong roots in the community.”
Longstanding Boston firms are getting in on the action too; local legal heavyweights Goodwin (formerly Goodwin Procter) and Mintz Levin, for example, both had record profits in 2017.
Not interested in working for a big law firm or corporation? That’s okay too. There’s plenty of legal work to go around, and small and medium-sized firms and companies are enjoying the overflow of business. All boats are rising in this flood.
Opportunities for law students
But it’s not just a boon for current lawyers; opportunities abound for internships, externships, and summer fellowship positions for law students, not to mention a burgeoning community of possible mentors. In Boston, lawyers and law students looking for jobs and internships will find them in virtually all legal specialties, including high-demand practice areas like corporate law, intellectual property, health law, real estate, tax law, and more.
The legal job growth is also powered by Massachusetts’ vibrant higher education scene and students in the state’s ten law schools (New England Law | Boston is one of only four law schools in Boston proper). The many colleges and universities are also graduating the scientists, engineers, entrepreneurs, and others who are joining or starting companies driving the city’s impressive economic growth.
Not only that, when you combine the boom in Boston’s legal market with a shortage of lawyers, you end up with too many legal job openings and not enough lawyers to fill them, reports the Boston Business Journal. But what may be a challenge for hiring managers is a clear win for lawyers, law students, and anyone looking to move to Boston for law school.
Learn more about how New England Law helps law students get jobs in Boston (and beyond).