There are now more than 450,000 lawyers in this country, almost double the number of 20 years ago. The American Association of Law Schools estimates that the number of law student graduates averages about 34,000 a year. And the Bureau of Labor Statistics of the Department of Labor projects that there will be 26,400 new legal jobs each year until 1985. If law school enrollments stay at their current level, that would mean about 8,000 graduates each year would not be able to find a law-related job.
Gary Munneke, If We Don't Take Care of Young Lawyers, Who Will?, 5 Barrister 52 (1978), http://digitalcommons.pace.edu/lawfaculty/523/.