The economy is recovering, new jobs are being created and people seem to have a moderately positive outlook.
So why would litigation be on the upturn?
Well, in some areas of law it isn’t. There are, however, a few types of law practice seeing a dramatic increase.
What hot areas of law are attracting new legal graduates?
Civil litigation is one area. Although the economy appears to be on the mend, people are still conservative and are less likely to accept financial loss than they might have been before the recession started. Individuals and organizations are turning to litigation to recover their damages. This trend includes not only local issues like landlords suing for damages caused by tenants beyond what the security deposit covers to state and national organizations going into litigation over business defaults.
The number of state and national civil litigations has shown a marked increase. Areas of civil litigation in which an attorney might specialize include (among others) class action, labor and employment, personal injury, anti-trust and real estate.
Another area emerging as a great field for lawyers is environmental law. We aren’t talking about litigation as much here, although certainly business has sued governments in the face of environmental restrictions, but lawyers acting as advisors to corporations about compliance with environmental issues. Attorneys also are involved in applying for and getting permits. The “greening” of America and concern over global issues like climate change has spurred an upturn in environmental law.
Other legal specialties seeing an increase are intellectual property law and labor and employment. You can also head to MesaCriminalAttorney.com to find out more about other popular specialties.
With the huge advances in IT, new technology is adopted and often almost considered public domain as it is implemented.
There are laws, however, that protect the rights of the creators of IT advances just as there are laws that protect rights to things like artistic properties.
Labor and employment is a rising field because there were so many corporations that downsized and laid off employees during the failing economy. Normally, these workers could simply and rapidly get a new job, but economic trends have caused some to turn to litigation.
Perhaps one of the hottest law specialties is bankruptcy law.
This, again, is because of a weak economy. Many people and corporations who formerly had no trouble meeting financial obligations have had to default on loans and mortgages. Financial institutions and other companies cannot afford to take the hit. Chapter seven bankruptcy numbers have swollen. Lawyers are needed to make sure that there are equitable resolutions to these issues.
Attorneys who learn bankruptcy law also get a firm foundation in other business law. Law offices like Rosicki Rosicki and Associates, New York’s leading mortgage banking law firm, list several niches for their employees: foreclosure, bankruptcy, financial controllers, IT, litigation, evictions, closings, court appearance and others. Firms like Rosicki also invest in the development of their attorneys.
That means in addition to the experience of working with top-notch peers, employees get the opportunity to grow their skills.
Sponsored Content Courtesy of Rosicki Rosicki and Associates
photo credit: University of Salford via photopin cc
photo credit: Eric E Johnson via photopin cc
