Legal Market- Justifiable Optimism?

Whew. I've been meaning to update this thing regularly, as in at least once or twice a week. I've got a number of topics that I'd like to write/vent/blabber about, and so little time to do so. Well, I guess the whole time thing is kind of my fault since I overloaded myself with some arguably useless intramurals and clubs and am attempting to keep up with my TV shows and still venture out once or twice a week to "socialize"...

Anywho, the point is not to whine about my life. Well, this post's point isn't to do that. Maybe the next one. I'm not sure how that one will go. Maybe something like "I waste my time with silly things and now I don't have time to do the important things... wahhhhhh"

I digress, terribly. The point of this post is the legal economy! Woo! Now, folks, I realize I'm just a lil fresh 1L here with my training wheels still screwed ever so tightly on, but I try to be somewhat observant and whatnot of the upperclassmen. I try to learn things from them. Sorta. And so when the 2L's and 3L's were moaning and complaining about the state of the legal market, I was understandably somewhat concerned (to put it mildly) I mean, I'm only going to have like 150k of debt. No, probably more than that. Who cares about employment?

I heard the horror stories of last year's class and how a number of them could not find jobs. I heard that this year's 3L class had also struggled. And the 2L's this year had a general mood of doom and gloom heading into their OCI's.

And now? Well, the 3L's still got a bit shafted. BUT, the 2L's seem to be doing much better. Granted, I only know a few of them, but it's not like the ones I know are standout students or anything. Far from it, really. And I recently heard from most of them that they had numerous callbacks. And now I'm hearing that they have job offers! Woohoo! Some of them even have multiple offers, which is always a nice sign.

Of course, as the 3L class last year learned, a job offer for your 2L summer doesn't necessarily translate into a post-graduation job offer, but it certainly seems like there's cause for optimism for this year's 1L class. If the 2L class is doing better than the 3L's, we will surely do better than them right? After all, the recession supposedly ended last year.

http://www.usatoday.com/money/economy/2010-09-20-recession-over_N.htm?csp=usat.me

I've heard that the legal market and the billable hour may change in the wake of all this and there might be fundamental change within the legal market, but that's all over my head. All I know now is that, from this law school at least, things are looking optimistic for once.