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Trends in California Law Firms

So many changes in the way firms do business during the last five years...some areas of practice that were dormant are now "hot", such as corporate law and real estate.  Labor and employment remains a very desirable area of practice for attorneys, given the rise of wage hour and class action matters.  The bottom line is, however, that law firms are businesses.  Therefore, what do the current trend and recent statistics tell us?  I believe they show caution, steadiness, and reflect much hope...

We expect developing trends in some of the following areas: classification(s) of Equity and Non-Equity partners, associates being encouraged (and required) to develop business at an earlier stage in their careers, and creative compensation structures at the partner level(s).  Each of these areas reflects a practical approach and will determine the future development and stability of a firm long-term.