I’ve written a lot in the past about larger events in the overall economy eventually driving a hiring cycle in particular areas of the law, and want to give a current example of two niche practice areas that are very hot right now in the current market: Employee Benefits & Executive Compensation, and Technology Transactions, and even more specifically within the latter sector, Data Privacy.
With the ongoing market recovery, corporate and transactional law started to come back in a big way. Deals were happening, companies were merging, new companies were being formed on a regular basis (especially in hot start-up hubs like Silicon Valley and Seattle, and even now in Los Angeles and New York), and along with those mergers on the business, finance, and securities side, these companies are needing expertise on issues relating to executive compensation packages as they try to lure and retain talent. This is especially true for international companies that may be dealing with compensation and employment laws from a wide variety of jurisdictions. You can almost always count on the executive compensation and employee benefit sector to pick up steam in the wake of an upward trend in corporate hiring, and right now is no exception.