With changing times, policies and priorities, these practice areas are growing and require a sharp legal mind: This particular area of law is unique in that older lawyers are more involved in the client‘s day-to-day affairs – such as actual elder care – and deal with important legal issues such as drafting wills. Because of these ongoing, long-term relationships with clients, this area of law requires a high degree of empathy and patience to meet the sensitive physical and emotional needs of seniors. The Department of Energy regulates federal energy laws, which can change quickly. The ability to quickly learn, adapt and audit current company policies is essential in this area. In addition, the Ministry of Energy employs energy lawyers who can influence public policy and international relations. Family and juvenile law cases are also incredibly diverse. From adoption to domestic violence, lawyers can see a variety of situations – some big and some terrible. But either way, lawyers who choose this field will have a positive impact on the lives of these people with their work. Michael Rynowecer is President and Founder of BTI Consulting Group, an industry leader in independent research into how clients acquire, manage and evaluate their professional service providers.
He has been providing client feedback and analyzing the legal market for 30 years. Michael blogs about legal industry news, original research ideas, and market insights at The MadClientist. Follow him on Twitter @BTIConsulting. Energy law covers the use, taxation, legal regulation and regulation of renewable and non-renewable energy. This emerging area of law is complex. Most energy lawyers act as in-house lawyers for companies to help clients comply with applicable energy laws and regulations. They also often assist in litigation and formal hearings when compliance issues arise with agreements related to the production, production and use of energy. At 12%, class action growth is more than double the projected growth of 4.8%. Plaintiffs have become more aggressive and see many opportunities to file class actions. This contrasts with trade disputes, which were supposed to explode but are dominated by the early stages of worker-related disputes.
Commercial litigation is expected to increase once the economy or the courts reopen. The American Bar Association noted that intellectual property is “an evolving profession. We believe the future of commercial IP will be influenced by technology and automation. This could be a growing area of potential revenue for IP firms and other service providers. “At Wimbush & Associates, we agree. Times are changing and new technologies are constantly prompting good IP lawyers to “protect and enforce the rights of creators and owners of inventions, writings, music, designs and other works. When it comes to a lawyer‘s salary, while a law degree doesn‘t always guarantee big paychecks right away, most law graduates earn more — much more in the long run. According to the Bureau of Labor Statistics, the average annual salary for lawyers in 2020 was $126,930. Some areas of law, such as health, business, science, and intellectual property, can earn you higher salaries. You should also expect to earn more income in the private sector. According to data from Laws 101, the demand for lawyers has skyrocketed this year compared to previous years.
And as we approach a vaccine and the end of this pandemic, the legal industry is just beginning to see the beginning of a wave of lawsuits. Compliance is another area that spans industries and economic sectors, so there‘s a good chance that no matter what you‘re interested in, compliance work will be associated with it. Compliance officers assist their clients in meeting the parameters of government guidelines that apply to the industry or practice in question. As regulations are complex and growing, there is an ongoing need for lawyers to support compliance policies and programs. Thanks to fluctuating demand for legal services during the pandemic and the recession that followed, many jurisdictions have experienced changes in their growth trajectory. This sudden change set in motion many new and growing areas of law. The past year has also highlighted areas of legal practice that are more resilient to recession. So, if you‘re wondering where to focus your law firm‘s digital marketing strategy on, Laws 101 compiled The Legal Hotlist using this year‘s data to find out which legal specialties are in demand. [xi] Robert, A. (2020, January 30). Why the old law is a growing practice where anything can happen. ABA Journal.
www.abajournal.com/web/article/elder-law-a-growing-anything-can-happen-practice According to a 2019 survey by Robert Half Legal Consulting Solutions, 54% of law firms plan to expand their legal teams. Despite a temporary drop in demand for lawyers at the beginning of the pandemic due to economic uncertainties, demand for lawyers increased overall in 2021. This trend is expected to continue in 2022, but at more moderate growth rates. BTI Consulting Group‘s newest report, the 19th annual survey of top legal advisors, tells you all about where legal spending is increasing – and where it is not – across 14 practice areas and 18 industries. Learn more. There are currently 1.3 million lawyers in the U.S., and job growth is expected to increase by up to 4%. As emerging areas of law develop, the need for lawyers working in these specialties will also increase. National and government policies related to the pandemic continue to change the landscape of the legal industry.