Today our school had a luncheon where a person from a particular area of the law comes and imparts on us their knowledge of the real world. I sat at the Business Law table and listened to our guru speak of the joys associated with having a focus in the banking industry during this tumultuous time. His advice cemented in my head that I should find a specialized area of law that will be needed and billable during the corporate-executives-get-paid-millions-in-compensation times and the corporate-executives-still-get-paid-millions-in-compensation-while-asking-for-billions-of-federal-bailout-money times.These specialized areas include:
1. Insurance/Reinsurance - worked as a paralegal in this field, but Portland does not have a big market for this… there will always be insurance right? Mr. Obama? Hi, it's me, your fan. I’d like my free health care now.
2. IP/Patents, etc - I will never do this, but I’ve heard Portland has a large IP market for national and global players. Even little boutiques keep busy.
3. Energy - with all this talk of renewable energy I think it’s time to reveal my hamster-driven generators.
4. Finance/Tax - people either have, want, or lose money; either way it’s a win-win
5. Ambulance chaser - aka Personal Injury – people get hurt and want to sue; it’s one thing the economy can’t change.
6. Professor - there will always be students and I have learned that it’s good to be in school during times like these.
Lay Down the Law.
Note: I have no experience in fields 2-6, so my comments are based on what I think would survive a bad economy.
2/23/09 Update - I've been advised by previous Supervisor at Reinsurance/Insurance firm that business is down and no one has work. Apparently, people don't want to sue and are more forgiving in times of recession.
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