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The Stability of Big Firm Practice Areas - Are You Safe in Your Practice Area Long-Turn?

published December 20, 2021

By CEO and Founder - BCG Attorney Search left
( 16 votes, average: 4.1 out of 5)
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I have been in the legal profession for many years and currently work as a legal recruiter for over two decades, so I know a thing or two about the legal industry. And what I have noticed is that every law practice area goes through waves and temporarily self-destructs itself approximately every eight years. If an attorney is caught in this situation, it can have fatal consequences to their legal career. Read on to find out when and why are particular practice areas affected and what you can do to have the best chance for a stable job.

 

Why Do Practice Areas Slow Down and What It Means for Attorneys?


Practice areas slow down regularly and there is nothing that can be done about that. About one third of these areas because of the law firm structure are very connected to the state of the economy and financial market so they slow down because of economic forces. Others in the legal industry are connected to other markets in the geographical area and are affected as well. People within the traditional partnership model and their seniority levels can also slow practice areas down. There are many forces that affect legal practice areas and no area is free from danger.

 

When this happens, most attorneys practicing law in the affected area could no longer do so and have difficulty finding a new one. This is because senior partners must decide in most law firms to let some associates go to remain viable. This can last a few months or a year for a law firm; however, the area might be affected for several years if not a whole decade.

Alternative Summary

Harrison is the founder of BCG Attorney Search and several companies in the legal employment space that collectively gets thousands of attorneys jobs each year. Harrison’s writings about attorney careers and placement attract millions of reads each year. Harrison is widely considered the most successful recruiter in the United States and personally places multiple attorneys most weeks. His articles on legal search and placement are read by attorneys, law students and others millions of times per year.

More about Harrison

About LawCrossing

LawCrossing has received tens of thousands of attorneys jobs and has been the leading legal job board in the United States for almost two decades. LawCrossing helps attorneys dramatically improve their careers by locating every legal job opening in the market. Unlike other job sites, LawCrossing consolidates every job in the legal market and posts jobs regardless of whether or not an employer is paying. LawCrossing takes your legal career seriously and understands the legal profession. For more information, please visit www.LawCrossing.com.

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