Despite mixed economic reports, the legal industry continues to prosper. Nearly half (45 percent) of law firms and corporate legal departments expect to hire additional lawyers in the coming year, according to a new survey developed by Robert Half Legal. Just 3 percent of attorneys said their firms would be reducing the size of their legal teams in the next 12 months.
The five legal specialty areas predicted to experience the most growth are:
- Bankruptcy
- Litigation
- Ethics and Corporate Governance
- Intellectual Property
- Real Estate
Many legal employers, particularly large and midsize law firms, are expanding their practice groups in these high-demand areas. Attorneys and paralegals with several years of experience will have the most job opportunities.
Bankruptcy law is anticipated to experience the highest growth in the coming year. Stay tuned for an in-depth interview with the co-chair of Reed Smith's Commercial Restructuring and Bankruptcy Group for an inside look at bankruptcy practice.
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