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Emerging Law Practice Areas In 2022
The fluctuating demand for legal services through out the pandemic and subsequent recession have brought many shifts in the growth of law trajectories. Also, the past year spotlighted more recession-proof legal practice areas.
We know that the pandemic helped contribute to these emerging areas of law. However, many other social, political, technological, and environmental factors in the background also affect the growth of different legal practice areas. Read on to learn more about the highest growth legal practice areas for 2022 and beyond.
Law areas that have been growing
The main areas of law that are growing are cybersecurity, labor, elder law, energy, IP, and health.
These growth areas don’t only affect new lawyers who are interested in transitioning to these eight fields. They also impact more experienced lawyers whose current area of practice overlaps with these emerging areas of practice. For example, employment lawyers need to stay up to date on regulatory changes and laws related to labor law. The same goes for health lawyers and insurance lawyers.
Emerging law areas driven by technology
As technology advances, the need for legal laws and regulations to keep people safe will also continue to grow. New technological discoveries happen very quickly, sometimes outpacing the timeline it takes to create proper regulatory standards. The demand for lawyers in this field is high as this timeline and process evolve.
Privacy and cybersecurity
Cyber security laws are complex and vary between states. Lawyers in this field need to assess and audit current policies. Also, these lawyers reduce privacy and security risks to comply with applicable state and federal laws.
These laws also vary by industry, depending on who you’re doing business with. A good privacy and cybersecurity lawyer needs to understand how certain policies such as GDPR (Europe), HIPAA (US healthcare), FDIC (banking), and more can apply to their clients.
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Issues arising from smart technology
Today’s smart technology devices such as speakers, wearables, digital assistants, smart appliances and more are increasingly prevalent in homes and work environments. These smart objects collect images, voice messages, and video recordings. Because of the data stored in these smart objects, some lawyers may opt to use this data as evidence in litigation or mediation cases.
Existing technology (like security cameras) can guide lawyers when presenting this type of evidence in court. But it’s important to build expertise and verifiability of data collected by these new types of smart technology.
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Issues arising from AI and Drones
AI has been found to treat women and people of color unfairly due to limitations in data sets behind the AI’s algorithm. Despite these issues, AI is becoming more common as companies automate and streamline their processes. Lawyers need to understand the nuances of AI and how there may be potential biases embedded in their underlying structure.
Like other technology mentioned on this list, laws surrounding drones and their operations rapidly change as they overlap with IP, safety, and privacy laws. Each state has different laws on drones. But a few universal ones include drone registration requirements, and drones being always in the line of sight of the operator. Lawyers need to understand different drone laws at both the federal and state level while keeping up with any potential changes.
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Intellectual Property (IP)
Intellectual property cases can get complex and challenging depending on the medium and parties involved.
Non-Fungible Tokens or NFTs are a unit of data based on blockchain technology that’s to record and track transactions and ownership of data. Typically, when a copyright owner sells their intellectual property to a third partner, the original owner doesn’t benefit from the increased valuation of that property. However, with NFTs, specific programs allow the original owner to continually benefit as the intellectual property is resold.
Currently, there are no regulations surrounding NFTs. But as they run counter to current IP laws (with ownership, in particular, being a flexible term), lawyers need to better equip themselves with knowledge of how NFTs are sold, bought, and transferred.
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