Regardless of the field in which you work, there are no guarantees in the job market. During slow economic times, employment figures in almost all sectors suffer. Even when the economy is strong, entire industries can collapse due to non economic factors. The sudden crash of the .com companies in the ’90’s is evidence of this. What appears to be a hot career track one moment can turn out to be a dead end industry just months later.
There are no guarantees, but certain industries have a history of employment stability and growth. The legal field is one of these sectors. A sluggish economy will lower the demand for certain elective legal services, such as estate planning and drafting wills, but increase the need for legal counsel regarding bankruptcy, foreclosures and divorce. The legal field is unique in this ability to shift work from one aspect of law to another, cushioning the impact of an economic downturn. Instead of losing business across the board, as in most industries, legal work simply shifts into different sectors during slow economic periods.
Given the number of practicing attorneys in the Washington, D.C. area (over 40,000), and their necessity in good and bad times, the paralegal profession is a very stable field to enter. But don’t just take our word for it, the U.S. Department of Labor states: “highly skilled, formally trained paralegals have excellent employment potential.” These are exactly the type of graduates that PIW produces. Our placement rates reflect the quality of our graduates. Eighty to ninety percent of our students receive jobs within ninety days of completing our program.