Bankruptcy, Healthcare & Employment are 2010 Hot Practice Areas


Not surprisingly, bankruptcy leads the list of hot law practices – with healthcare, labor and employment, business litigation, and energy following. Real estate received the weakest score, followed by securities and M&A.

Managers of mid-sized law firms are cautiously optimistic about profits in 2010, according to a survey by Smock Sterling strategic management consultants of Chicago. "We asked how the respondents viewed potential/probable 2010 firm performance -- revenue and profitability -- in the context of the broader legal marketplace. As with the present market, the responses were more optimistic than we anticipated they would be. Fully 65% expect growth (either “solid” or “some”), 32% expect a flat year, and 4% expect it to be down," said John Smock, speaking on a recent TAGLaw webinar.

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