Which Legal Field Is Growing

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.