In the current economic downturn, corporate legal departments are bringing more work in-house to keep costs in check. In-house hiring is on the rise and legal departments are seeking attorneys and paralegals with experience in high-demand specialties. According to Lateral Link, the following practice areas are heating up:
- Labor and employment - Clients need employment lawyers to advise on federal and state employment laws and represent companies in wage and hour, class actions, employment litigation and administrative proceedings.
- Regulatory and compliance - Recent legislative and regulatory proposals made by the Obama administration have fueled demand in this area.
- Litigation - Some of the larger legal departments have started handling certain types of repeat litigation in-house and performing more legal work internally before outsourcing the work to outside injury lawyers.
- Healthcare - In-house attorneys with experience in healthcare regulatory, compliance and transactional matters are in particular demand.
- Mergers & Acquisitions - Corporate transactional attorneys, especially with experience in M&A, have continued to remain in high demand in certain parts of the country.
- Bankruptcy/restructuring - Although this practice area seems to be losing some steam after reaching its peak during the recession, it has remained an active area.
To learn what practice areas are in demand for law firm lawyers, review these Seven Hot Practice Areas.