If you have a law degree or work in the legal sector, you will know there are many areas which you can cover, meaning there are more opportunities for law students than ever before. Law firms are increasing and the staff numbers are also increasing with them.
Legal Fields That Are In Demand In 2023
There are many legal fields which are more in demand than others. Let’s take a look at what is in demand in 2023.
Litigation
It is the process of planning and executing lawsuits. To be more precise, intellectual property law & labour and employment law need litigation lawyers.
Commercial Law
Commercial lawyers are another sector that is in demand. This is because businesses need lawyers for numerous reasons. This area is constantly growing because more and more businesses are forming.
As you will know, digital currency is also being used for many businesses. It is also being traded around the world, similar to how stocks and shares are traded. As there are few laws surrounding crypto trading, there is a need for lawyers specialising in crypto recovery.
Family Law
As the population continues to grow, so does the need for family lawyers. Family lawyers will deal with domestic issues such as adoption, juvenile offences, child protection, marriage and divorce. This is an area that will constantly be in demand which is why it is a good route to go down when being a lawyer.
Real Estate Law
Real estate law is something else that a junior lawyer should consider, especially as the real estate industry continues to grow. More and more high rises are being built to expand cities even further. However, real estate investment is also very common for many investors. In these situations, a lawyer is required to make these deals happen. This would include buying, renting, and selling real estate.
There are many rules and regulations that must be followed when buying and selling property which is why real estate lawyers are needed now more than ever before. Investment fraud lawyers are in demand due to more real estate investors.
What Is The Future Of The Law Industry
As you can see, there are many sectors in the law industry. That is why there is a constant demand for more lawyers. As society continues to grow, the need for lawyers also increases. The question is, what is the future of the law industry?
Society has changed a lot in the last decade. Law graduates will be asking for a lot more when applying for jobs. They won’t just ask about the benefits of working with the firm and how much they will get paid. They will also ask about working remotely as well. This could either be working part-time or full-time at home. This isn’t just a problem with the law industry either. Many sectors have got to adapt to modern demands. It is either that or they say no to the younger generation when they ask to work from home.