September 5, 2012
LEL Practice Is Hot!
Companies’ demand for legal services is falling in nearly all areas of the law except labor and employment — the lone area where the fallout of the recession appears to be helping rather than hurting large law firms.
While demand for corporate-, real estate- and bankruptcy-related work all dropped 2 to 3 percent, labor and employment work rose nearly 5 percent during the second quarter of 2012 compared with the second quarter of 2011, according to a survey of the nation’s 135 largest law firms by the Hildebrandt Institute’s Peer Monitor Index, a unit of Thomson Reuters. Demand for legal services in the Washington market dropped 2 percent, compared to 0.2 percent nationally.
Although labor and employment work represents a relatively small chunk of the legal market — 8 percent, compared to litigation (33 percent) and corporate (23 percent) — it is the only practice area that has consistently posted growing demand for the past 18 months.
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The lead point we made in successfully proposing the creation of a labor & employment law concentration at my school is the consistent vibrancy of this area of practice in good and bad economic times.
I know that advocating for LEL courses and support has been an ongoing topic for professors in our field, but perhaps these days the connection to the demand for legal services is one of the selling points.
Posted by: David Yamada | Sep 6, 2012 9:08:40 AM