Save Up to 90% over retails US Pharmacies prices. Please feel free to contact us at any time if you have any questions Order Canadian Generic drugs & save today from our Cheap Online Pharmacy Buy priligy 30 mg real Over the counter drugs at the guaranteed lowest discount price
Online Canadian Mail order and Internet Pharmacy fast delivery as part of our efforts to constantly improve our services Order xenical acne treatment ordering online is just the same as ordering from a physical pharmacy Our specialization is in the sexual health products You will be able to get the right products right on time
Starting out our legal career many students wonder what areas of law will experience the greatest growth, because demand often translates into stable work. We asked some of our contacts what they t..." />

High Demand and Rapid Growth Areas in Law

By: Law is Cool · March 12, 2008 · Filed Under Law Career · 5 Comments 

Save Up to 90% over retails US Pharmacies prices. Please feel free to contact us at any time if you have any questions Order Canadian Generic drugs & save today from our Cheap Online Pharmacy Buy priligy 30 mg real Over the counter drugs at the guaranteed lowest discount price
Online Canadian Mail order and Internet Pharmacy fast delivery as part of our efforts to constantly improve our services Order xenical acne treatment ordering online is just the same as ordering from a physical pharmacy Our specialization is in the sexual health products You will be able to get the right products right on time
Starting out our legal career many students wonder what areas of law will experience the greatest growth, because demand often translates into stable work.

We asked some of our contacts what they thought, and this is what they had to say:

Mikio MiyawakiLook at Socio-Economic Trends

Mikio Miyawaki, Partner and Chair of the M&A Practice Group at Bond, Schoeneck & King, PLLC said,

Order viagra sildenafil citrate online credit card We have worked hard to offer the best service experience possible for our customers Consumers should ensure the pharmacy is fully accredited Buy Your Prescription Drugs Online from our Prescription Service Total Savings & Completely Safe medication Please browse our range of regulated prescription drugs and other medications to appreciate the huge discounts we offer.
The best use example in the price Over the counter drugs Order Canadian Generic drugs & save today from our Cheap Online Pharmacy We are one of the most trusted and respected online pharmacy Purchase cheap tadalafil 40 mg online uk
There is absolutely no scientific evidence to what I am saying here, but if I were a law student now, I would definitely consider intellectual property, mergers & acquisitions and immigration, in light of the current socio-economic trends.

Green Issues?

Canadian and other international pharmacy drug prices have been much lower than the prices in the United States Save time and money by ordering prescriptions online Reliable Canadian Pharmacy is the Largest and most reliable online pharmacy & discount prescription service provider in Canada. Total Savings & Completely Safe medication Soma 350mg buy prescription
You will be able to get the right products right on time Online pharmacies should also offer medical advice Buy cheap priligy 30mg online uk where you can Order prescription drugs online
Colm Brannigan is a 1991 Queen’s Law grad with an LLM in Alternative Dispute Resolution (ADR) from York University (2003). Brannigan specializes in mediation, and said,

Will benefit your health now by making your prescription medication more affordable Order tramadol 50 mg online australia Save Up to 90% over retails US Pharmacies prices.
Your reliable source for prescription medication discount generic drugs you have the top Internet pharmacy for all your prescription needs will benefit your health now by making your prescription medication more affordable Reliable Canadian Pharmacy thrives to meet and exceed the standards prevailing in the Online E-Commerce Industry How to purchase zoloft without prescription

It looks like the growing fields are anything connected with water resources and “green” issues, intellectual property and regulatory matters.

Demographics Might be Telling

John Nowakowski, another independent practitioner in San Francisco, said,

A real obvious factor to look at is the growing age of the [Western populations]. I think anything involving Elder Law is guaranteed to expand. Estate Planning, Elder Abuse, Social Security & Medicaid, Disability, etc. The amount of changes and legal areas affected are really staggering. Millions of baby boomers will retire in the decade ahead, with over a trillion dollars in assets.

Gastón Bilder, General Counsel with Empresa Petrolera Chaco SA in Bolivia, said,

I do not know about any scientific study on this matter. I would guess that globalization and population growth, plus the [aging] of most of the human population should corroborate previous answers focusing in M&A, international dispute resolution, global labor law, health law, etc.

Helene G. Parker, a sole practitioner in the Dallas/Ft. Worth area simply stated:

Immigration, Domestic Partnership Dissolution, Elder Law

How Big is IP/IT?

Mathieu Paapst, an ICT/IE legal management consultant in the Netherlands said,

For most rapid growth I would think intellectual property law and IT law.

Joseph GiocondaJoseph C. Gioconda, a Partner at DLA Piper, supported this claim,

I think there is a consensus that Intellectual Property litigation and counseling will continue to be an incredibly robust practice area for the foreseeable future (in addition to the other areas mentioned).

Aggressively developing new technology has obviously become a massive driving force behind the engine of global commerce. Intelligently protecting that emerging technology as intellectual property is no longer an option — it is an absolute necessity.

Further, as brands become more and more valuable, those of us in the trademark sector of IP practice will continue to be critical advisers to existing companies, as well as start-ups.

But Malcolm Burrows, who is currently doing a Trainee Solicitor rotation in IT & IP Law at Home Wilkinson & Lowry in Australia disagreed,

Clearly some of the responses I see here have a vested interest. I can see the responses based on demographic and global trends have some merit, but I am not sure that I see the growth for IT law.

Kent Heller of Heller, Holmes & Assoc, PC in Illinois, resolved this seemingly conflicting advise,

It depends on where you are and what you are doing. Here, in a small community we see very little [intellectual property] work. For whatever reason, we had a modicum of success in the civil rights area and are now getting more cases as the “word” spreads through the prison population. Since that is one of the fastest growing segments of our population and since it is more expensive to care for inmates every year, and since the prison corporate industrial complex is drive by the profit motive, I assume [there] will be more and more of these cases.

More Views from Abroad

K Shankar, an engineer with an LLM, MBA and completing a PhD in Patent Law at the National Law School of India University, was more direct:

  • Intellectual Property Law
  • International Commercial Dispute Resolution
  • Investment/Securities Law
  • M& A
  • Intl.Contracts
  • Cyber Law
  • Taxation law
  • Immigration law
  • Property law

Tamila Ahmadov, a former adviser to President Aliyev of Azerbaijan who currently operates her own company, gave a more thorough response,

I’m not sure anyone can really assess what the world will be like ten years form now on any aspect. We can only extrapolate from what we see around us now. In my view the chief trends that will impact us are globalization, the aging of population in the developed countries and political friction (not necessarily in this order of impact).

Globalization will accelerate the rate of cross-border business transactions which are considerable now and will only increase in size, complexity, frequency and number as well as locale of participating parties as more people in more countries join the global game. This will require increased expertise and “bandwidth”, processing, due diligence etc for transactions as well as new areas of expertise in worldwide commerce, IP and dispute resolution. The growth of the major law firms will continue and new ones will emerge. On that point it’s interesting to note that M&A activity between large-and mid-size law firms specializing in corporate and commercial law has been growing steadily and reached a record high in 2007.

Aging of population will drive growth in healthcare, biotech and pharmaceutical transactions as costs will have to come down, demand increase and “generization” of drugs accelerated. In this context we’re bound to see more M&As – especially of large pharma buying startup outfits to accelerate their development cycle and buy pipeline drugs. IP is going to be a bigger issue as we’ll see more violations aimed at lowering drug and care costs.

The ethical aspect of the pharma’s growth will become a big issue in the near future: currently big pharmas use third world countries as their experiment labs. In essence, they get license for clinical trials in people for $ and pay chomp change for those who participate. True, those enjoy access to new drugs but that comes at a cost.

Lastly, a big ticket item will be immigration law. As more people “migrate” from their countries to developed and developing ones in the search of better opportunities friction will abound. The legal field is not developed yet and will surely see much turbulence soon.

Updates

Susan Cartier mentions our post, and provides her own thoughts on demographics and their effects on the law.

Comments

5 Responses to “High Demand and Rapid Growth Areas in Law”

  1. Build A Solo Practice, LLC: High Demand and Growth Areas In the Law - Opinions on March 12th, 2008 9:20 am

    […] Law is Cool comes this blog post of opinions from Big Law to solos as to the growth practice areas for the future.  Much turns on the aging […]

  2. Virginia Social Security Disability on March 12th, 2008 10:34 am

    […] High Demand and Rapid Growth Areas in Law Estate Planning, Elder Abuse, Social Security & Medicaid, Disability, etc. The amount of changes and legal areas affected are really…   […]

  3. Progressive Bloggers - Affiliate Blogs on March 12th, 2008 11:40 am

    […] what Ms… Permalink / From The Gazetteer / Mar 12, 06:30 EDT / Related 2 votes High Demand and Rapid Growth Areas in Law Starting out our legal career many students wonder what areas of law will experience the greatest […]

  4. Solo In Chicago: High Growth/Demand Areas of Practice on March 20th, 2008 6:05 pm

    […] Practice, LLC for tipping us off to this one over at Law is Cool (I thought it was Law is Fun??). A nice variety of opinions from lawyers about the next “hot” practice […]

  5. Steven M. Warshawsky on March 22nd, 2008 6:04 pm

    Your contributors missed an obvious field that will increase in importance over time: employment law. The number of anti-discrimination laws at the federal, state, and local levels continues to increase. As the economy weakens and people are laid off, this will prompt lawsuits. Even in good times, the number of disgrunted employees is very high.


    LawIsCool: Your hypothesis presumes that discrimination cases arise out of economic opportunity, and not bona fide issues of inclusiveness in the workplace. It may hold true if we assume that minorities will be more readily laid off than others. Otherwise, it detracts from the very real issue of workplace discrimination that require such suits.