For the first time since the start of 2009, the year on year change in the number of job advertisements has been a positive number. In May 2010 the number of job advertisements in the Australian legal sector was 3.2% higher than in May 2009.
The not so good news is that May 2010 job advertisements were still 46% lower than in May 2008.
However, it is becoming clearer that the surge in employment demand that occured during 2007 and held up for most of 2008 was a bubble. The bubble burst towards the end of 2008. Perhaps the most interesting question now is: how long will it take for employment demand to reach these earlier heights?
(source: Advantage and Legal Practice Intelligence Analysis)