The most in-demand areas of practice are commercial law, litigation, real estate law, intellectual property and family law. The process of filing, planning, and executing a lawsuit remains one of the most important areas of legal practice. There is a particular need for trial lawyers in the areas of intellectual property law and labor law (26%). Business lawyers serve businesses in myriad ways, from contracts to collections.
This area is growing due to the increase in new business developments and marketing disputes. There is also a growing need for experts in virtual currency law, who specifically deal with regulations related to taxes, policies, and sales of cryptocurrency and online gambling companies. As cryptocurrency values fluctuate dramatically, the market is experiencing constant turmoil and more lawyers are needed to manage both regulatory compliance under development and individual cases. The regulations that govern employer-employee relations, including unions, contracts, wages, safety, benefits, and worker rights, are extensive and many, many lawyers and other professionals work in this area.
At the moment, there is a growing need for experience in the Family Medical Leave Act, Parental Leave and the 26% Wage Rating. These cases can often result in litigation, another factor that leads to growth in that area. As a lawyer, you must be an expert in your field to be able to successfully navigate the complicated waters of the legal ocean, so what is the best route to take? If you are an aspiring lawyer who is just starting your career, there are many options. You can rely on your interests, what's in demand at the time, and what's most lucrative to point you in the right direction.
Here are 16 fruitful and promising legal areas for you to consider. This is an area of law that requires a lot of patience and incredible attention to detail. Complex litigation is one of the most lucrative specializations because it involves high-risk corporate lawsuits and many motions filed in court. Cases can last a long time, so if you like to work for a significantly higher reward, this option may be for you.
Corporate law also deals with commercial matters, but it is more concerned with common day-to-day practices. Things like contracts, compliance, and liability are included in this umbrella. Lawyers specializing in this practice area can help a company get off the ground with its initial paperwork or help it overcome difficult situations, such as bankruptcy. The main legal areas that are growing are cybersecurity, cannabis, work, legislation on the elderly, energy, intellectual property and health.
Recent statistics show that 43% of marriages in the UK end in divorce, meaning that family lawyers are a necessity for many. These firms negotiate issues such as property division and child custody agreements, ensuring that the divorce is finalized as soon as possible. However, these firms not only deal with divorce, but they also resolve other issues, such as adoption and prenuptial agreements. As long as people continue to work, employment lawyers will always be needed.
They deal with a variety of employer-employee disputes. For example, a disagreement can arise if an employee believes that they didn't earn the amount of money they deserve; if they believe that they fired or were treated unfairly because of their race, class, gender, or sexuality; or if an employee was injured on the job due to unsafe work practices. Once these issues have been resolved, companies work with companies to ensure that similar issues don't happen again. Just like employment lawyers protect employees, corporate lawyers seek to protect the interests of corporations.
In addition, the Department of Energy employs lawyers specializing in energy who can influence public policy and international relations. .