The U.S. legal services sector shed 1,200 jobs in March, amidst the lowest monthly national employment gain since 2013, according to U.S. Bureau of Labor Statistics.
The number of people employed in the legal industry fell from 1,120,600 to 1,119,400 last month, as the overall economy added 126,000 jobs, the bureau said on Friday.
Released on the first Friday of every month, the bureau’s preliminary national employment data on the legal industry often requires adjustment. The figures may not necessarily reflect law partners, since they are often not on a payroll, according to a bureau spokesman.
Looking at the employment data for the past decade, however, some macro trends appear: Since the recession, the legal workforce reached its peak in 2013 at 1,132,800 people employed, and has since come down.
Why is the workforce shrinking? Are technological advancements, such as document review and due diligence software, replacing the work of lawyers? Let us know your thoughts in the comment section below.