Say i do monash law, undergrad or juris doctor, finish with first class honours, get a masters in commercial law, what are the chances of me finding a job?
Also the job market is ultra competitive.
However according to joboutlook.gov.au. The employment level in the thousands in 2013 is 70.7, then in 2014 it decreased to 56.9. What caused this? And why is it predicted that in 2019 it will be around 68.9?
I need to make a serious decision of whether or not i go for solo law undergrad or pursue it as a JD. Please advise.
The job market is very competitive, but if you finish with first class honors and can get through an interview, it shouldn't be too hard to get a job working in commercial law in Melbourne/Sydney. The main thing is to get a decent WAM. Firms get a lot of applicants for clerkships, they cut out most of them by using that. In Australia, the legal profession doesn't really make much distinction between the JD and the LLB for practical purposes.
Generally, you wouldn't actually do an LLM until later down the track. You would probably just do your LLB or JD, try and get a clerkship at a decent firm, and then after a few years working there, do your LLM to specialise (e.g. an LLM in IP). If you were going down the academia route, things would however be different.
Why is it predicted that in 2019 it will go back up? I don't know, but I would guess that it's because these things are cyclical, it's supply and demand. Right now there's quite an oversupply, but the idea is that the market will eventually adjust somewhat vis-a-vis grads, and that economic upturn will result in positions (supply) from firms. How well this will hold true, I don't know.
As to JD v LLB, I would go with the latter generally, since it is a lot cheaper, but it depends (disclaimer: I am not impartial here - I went for the LLB).