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07 Jul

What Types of Lawyers Are in Demand?

by: Astor Professional Search

The types of lawyers in demand vary with the specific needs of the city’s businesses and residents. The legal market is diverse and offers opportunities in numerous practice areas. Some of the most universally in-demand legal specialties include intellectual property law, family law, immigration law, real estate law, and corporate law. Other quickly growing areas of law also include intellectual property law, data privacy and cybersecurity law, litigation, and labor and employment law.

Is the Legal Profession Favored in Chicago?

The U.S. Bureau of Labor Statistics (BLS) data shows that 3.5% of Chicago’s employment sector is law. So, out of the approximately 4.5 million people employed in the city, about 162,000 people work in the legal field.

Chicago is home to many law firms, including many of the largest law firms in the U.S. It’s also home to several prestigious law schools. Thanks to the city’s robust legal market, lawyers earn higher salaries than lawyers in other parts of the nation.

Besides the high salaries, lawyers in the city also enjoy many other benefits. They get to work on high-profile cases, make a difference in the community, and work in a major city. So, if you want to jump-start your legal career, Chicago is a great place to find a job after law school.

The city has a strong economy and growing population, prompting many businesses and organizations to need legal services. It also boasts a vibrant legal community, which creates many opportunities for lawyers to network and collaborate with other lawyers. It offers a high-quality life through good schools, safe neighborhoods, and various cultural and recreational activities.

More people are moving to Chicago to pursue law careers. According to a recent study, the number of law school graduates moving to the city has increased by 10% in the past five years. The increase is attributed to the city’s strong economy, high salaries, and diverse job market.

The study also found that the most common reason for people moving to the city to pursue law careers is to work for a large law firm and focus on a specific practice area. Chicago is a major center for various legal industries, including intellectual property law, corporate law, and environmental law. As such, there are many opportunities for lawyers to build a successful career in their chosen area of law.

Legal Fields That Are High in Demand in Chicago

The demand for lawyers varies with the economic climate. For example, during economic downturns, there is often an increased demand for bankruptcy and employment lawyers. That aside, here are the most in-demand legal fields in the city:

Intellectual Property Law

Many large corporations and startups need help protecting their intellectual property (IP). IP lawyers can help businesses with patent, trademark, copyright, licensing, and enforcement issues.

The demand for IP lawyers is expected to continue to grow in the coming years as more businesses and individuals seek to protect their IP assets. Some factors driving the demand for IP law include the strong economy and the growing tech sector. The presence of several major universities and research institutions and Chicago’s status as a global hub for commerce and transportation are other driving factors.

Family Law

Chicago is home to over 2.7 million people. Its large and diverse population means a high demand for family lawyers. Family lawyers deal with divorce, child custody, and adoption.

If you are interested in a career in family law, either as an in-house or work-from-home lawyer, Chicago is a great place to start. Many law firms in the city specialize in family law, and there is a high demand for qualified family law attorneys.

The divorce rate in Chicago is higher than the national average. Therefore, many people in the city need help with the legal divorce process. The city is also a major center for adoption, both domestic and international. As such, many families are looking for legal help with the adoption process.

Immigration Law

As one of the major gateways for immigrants to the U.S., Chicago has a high demand for immigration lawyers. Immigration lawyers can help individuals and families obtain visas, green cards, and citizenship.

As of 2021, 20.4% of Chicago’s population was foreign-born, up from 15.2% in 2010. This makes Chicago the fourth-most immigrant-dense city in the United States.

The high demand for immigration lawyers in the city is due to its large and growing immigrant population. It also stems from the complex and ever-changing U.S. immigration laws. High stakes in most immigration cases, such as deportation or denial of a visa, are also a contributing factor.

Real Estate Law

Chicago is a major real estate market, increasing the demand for real estate lawyers. Real estate lawyers can help individuals and businesses with real estate transactions, including buying, selling, leasing, and financing property.

The city is a major economic hub with a diverse real estate market ranging from single-family homes to high-rise apartments. With the diversity of property types and the sheer volume of real estate transactions, there is a need for experienced real estate lawyers. They can help buyers, sellers, and developers navigate legal issues in real estate transactions.

In addition, Chicago is a city with a complex legal system. It has many state laws that govern real estate transactions. So, real estate lawyers must understand these laws to protect their client’s interests.

If you want a career in real estate law, Chicago is a great place to start. Besides a strong demand for real estate lawyers, the city offers competitive salaries. Legal recruiters can help match you to the right law firm if you have the skills and experience necessary to practice real estate law.

Corporate Law

Large corporations increase the demand for corporate lawyers. Corporate lawyers are valuable when businesses require help with mergers and acquisitions, securities law, and regulatory compliance.

The transactional market in Chicago is strong, particularly for corporate and finance attorneys. Law firms in the city also show a slight preference for law students interested in transactional practice. In addition, a search on LinkedIn for corporate lawyer jobs in Chicago yields over 800 results, suggesting that many corporate law jobs are available in the city.

What Areas of Law Are Growing?

With a diverse legal market, Chicago offers opportunities in several practice areas. Its fastest-growing areas of law include corporate law, IP law, data privacy and cybersecurity law, litigation law, and labor and employment law.

Chicago is a major financial and business hub, so there’s an increased demand for corporate lawyers. The city is also home to many technology and life sciences companies, leading to a high demand for intellectual property lawyers.

As businesses collect and store more data, the need for lawyers whose practice areas lie in data privacy and cybersecurity law has grown tremendously. These lawyers help businesses comply with data privacy regulations and protect themselves from cyberattacks. Litigation is another area of law that is always in demand as it covers various disputes, including personal injury, employment, and business disputes.

With an increasing number of employers, the city boasts a high demand for labor and employment lawyers. Labor and employment lawyers help employers comply with labor laws and represent them in employment-related disputes.

What the Future Holds for the Legal Profession

The future of the law profession in Chicago is expected to be strong, with continued demand for lawyers in various practice areas. Some of the factors expected to drive growth in the legal market include continued growth of the city’s economy and law degree employment rates.

Chicago is a major economic hub, and as the economy grows, there will be a need for lawyers to advise businesses on a variety of matters. The law is constantly evolving, and as new laws and regulations get enacted, the demand for lawyers to help businesses and individuals understand and comply with the law will increase dramatically.

There’s a growing demand for legal services in the technology and life sciences sectors. Chicago is home to many ever-growing technology and life sciences companies. As these industries continue to grow, lawyers who practice in these areas will be highly sought after.

The city is also recording an increasing demand for alternative legal services. These alternative legal services range from legal research to document review and can be provided by non-lawyers. Expect this trend to continue, creating new opportunities for lawyers willing to adapt to the changing legal landscape.

Overall, the future of the law profession looks bright. With the continued demand for lawyers in various practice areas, there are many opportunities for lawyers willing to work hard and stay up-to-date on the latest trends.

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