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25 Percent Of Your Colleagues Will Quit Being Lawyers By 2022
Law School Tuition Bubble crunched some Bureau of Labor Statistics (BLS) data and figured out that lawyers are leaving the profession at an overall average of 25.5%. That’s not attorneys who are retiring. The retirement rate is a relatively non-terrifying 17.1%. But for “occupational transfers,” which is BLS-speak for “bailing out of being lawyers,” we’re seeing one of every four lawyers leave. And if you’re wondering how that compares to other professions …
But the real money is in comparisons among the professional occupations, which are generally doctors, dentists, and lawyers. Lawyers’ occupational transfer rate is double doctors’ and dentists’.
Double.
If you are a number-crunching sort, there’s a handy chart at the link that will allow you to compare the lawyer brain drain to everything from podiatrists to environmental science teachers.
Featured image: “Exit – Businessman running exit door sign , emergency” from Shutterstock.
Source: https://lawyerist.com/80108/25-percent-colleagues-will-quit-lawyers-2022/
