Magazine folks and legal commentators all try to assess (OK, “guess”) where the legal profession is headed. And one of the important elements in that horse-race is determining what practice areas are growing—and which are shrinking.
Last week, legal staffing firm Robert Half International issued another of its studies of lawyer perception. This one reported on attorney responses to questions about areas that will have the most revenue opportunities in the future.
I was not surprised (nor was anyone) that “Litigation” and “General business commercial law” held onto the top two berths (59% and 31% of respondents, respectively, view those as growth areas). That fact may be true, but it doesn’t illuminate much about law practice. Even otherwise-educated lawyers, who know that those broad terms encompass a wide variety of practice areas, routinely select those umbrellas when surveyed.
So we’ve been taught to look instead at what came in at Numbers 3, 4 and so on.
Health care law is seen by a pretty resounding 14% of lawyer respondents to be a growth opportunity. Now that’s interesting. After that, bankruptcy/foreclosure (8%) and labor & employment (7%) follow.
Surprising to me is that “privacy, data security and information law” languishes at just 4%. Really? We are inundated with a barrage of news that reveals how significant those areas are in every area of modern life. I think that attorneys who can marshal the experience and knowledge to guide that conversation have to be making a winning gamble. Apparently, though, only few lawyers want to roll the dice.
And what do you think the growth areas are? And once you identify them, are you able to mobilize to develop new lines of work?Follow @azatty