For those wanting to make partner, what specialized practice areas do you think will be the most lucrative and in highest demand over the next 5 years?

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Investment Funds…consistently busy and rich always want to keep getting richer…

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People are probably going to answer cybersecurity, but the truth is the rates are being decimated by insurance companies. The most lucrative practices are practices that don't trigger insurance coverage.

For you specifically, look around your office and find a hole to fill. No one here can answer what need your office will be looking to fill.

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Great point. As someone who does cyber (among other things) at a $$$ firm, I’ve seen billable matters crest in and then recede in the span of a few years and I think it’s mostly insurance-driven.

Private Equity - assets under management is supposed to grow from $7.2 trillion in 2020 to $12.5 trillion in 2025. That trajectory is supposed to continue. One of, if not the most lucrative practices now and that is not expect to change.

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100%. One of the worst lifestyle practices, but if you are still at a firm at the end of the track, you have as good of a shot as any practice area to make partner

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Fund formation just doubles every year in AUM of the asset class the American lawyer said their aren’t enough fund formation lawyers in world to do the work if trajectory in next 5 years continues

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I wish more law students/young associates knew this information. I’m so grateful to have gone in to fund formation.

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Lucrative - exec comp

Rising demand - privacy/ tech trans

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You’re right ab exec comp- rich ppl are always going to care ab the taxes they have to pay and how they’re getting paid

One that hasn’t been mentioned yet: project finance, specifically renewables. It’s going to explode especially as more tax credit changed incentive it

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Cybersecurity

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Internal or gov investigations. Those will never go away and stakes are always high so rate pressures are not as great. Also great leverage = $$$.

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Get better clients lol

And artificial intelligence

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I don’t know about lucrative, but demand for data privacy expertise is growing rapidly.

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Traditional labor

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Tax is always in demand

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Healthcare privacy and digital health.

Digital infra

Privacy investigations

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