Fresh out of Law School professionals have to make the crucial decision of picking a stream within the fraternity to practice in. While general law is always the option, a number of students are choosing to become personal injury lawyers, corporate lawyers and divorce lawyers. While some legal disciplines are not doing very well in the recession, here is a list of areas that continues to perform well.
1. Civil Litigation - With the financial turmoil the entire world is experiencing, the demand for litigation is on an unusual rise. Organizations and individuals highly rely on litigation to recover financial losses or to settle payments towards money owed. With the number of civil lawsuits hitting the ceiling, has given boost to the demand of professionals who have experience in complex civil cases in the form of commercial litigation, class action, regulatory actions and insurance defence.
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2. Bankruptcy Law - Globally known as one of the fastest growing legal disciplines within the industry, the popularity of this discipline is a result of the increase in unemployment levels. These individuals no longer have the capacity to pay for their monthly debts and mortgage, and with the ever escalating expenses towards medicine and other primary needs, there is a tremendous rise in the number of individuals who are filing for bankruptcy. Besides this, many businesses have also had to resort to seeking legal assistance for the sake of restructuring their assets.
3. Environmental Law - The increase in awareness levels with respect to the application and use of renewable energies, management of carbon credits, and use of clean technology ensure that environmental lawyers stay busy at all times. With the protection of the environment become a global priority, corporate are always in demand of legal professionals who can help clients in implementation of green projects and ensure sustainability of the environment.
4. Intellectual Property Law - In today's competitive market, intellectual property has come to become the business' most valued asset. With the involvement of technology and evolution in how business is conducted, there has grown a rise of a unique set of lawyers who specialize in the protection of the intellectual capital of any business or individual. This may include musicians, scientists, authors and creators of other creative works. As long as invention and innovation continues in the world, there will be a need for intellectual property professionals who help in procuring rights and protect the ownership of new and existing ideas and creations.
5. Labour and Employment Law - With the limp economy, downsizing of various businesses and the uncertainty in the job market there has also been a tremendous rise in the number of employment lawsuits. Employees at the face of financial ruin are motivated to pursue legal action against employers. With a number of labour and employment related litigations on the rise, lawyers specializing in this discipline continue to be in great demand.
In addition to this, there is also a growing demand for professionals who specialize in foreclosure law and E-discovery practice which is ever increasing due to the increase in the use of electronic tools for data storage. Finding the ideal career in law that interests you and offers great prospects is the ideal way to find success as a legal professional.
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