Law Practice Magazine released a report on what's "sizzling and fizzling" in the legal profession. Below are a few of the top legal trends shaping today's legal industry.

• Offshoring – The transfer of legal work to low-wage markets overseas is beoming more prevalent.
• De-Equitization – More firms are demoting equity lawyers to boost law firm revenues.
• Bankruptcy Law – The economic slowdown has led to an increase in bankruptcy work.
• Legal Recruiting – Smaller law school classes have led to increased competition for top talent among the AM Law 100.
• Billable Hour Reform – Many industry insiders are advocating the elimination of the billable hour in favor of alternative billing methods.
• Work-Life Balance – An increasing number of law firms are implementing new policies to promote a better work/life balance in the profession.
• Flexible Partnership Tracks – Law firms are creating new tiers of associates and partners to promote more flexibility in the workplace.
• Labor and Employment Law - New EEOC rulings and a rise in employment discrimination claims has made labor and employment a hot practice area.
• Family Law - Family law, particularly fertility law, is a hot area due to rising surrogacy rates and infertility issues.