Cash In on the Hottest Litigation Sub-Niches

Source: CPA Trendlines

The following includes excerpts, reproduced with permission, from an article in CPA Trendlines.

Law firm marketing consultant Larry Bodine reports new results from a BTI market research study that shows the top four areas in which lawyers “can earn top dollar from corporate clients with litigation.” And if lawyers can cash in, so can the CPAs who advise them.

Here are the top four growth areas:

Commercial litigation, a market with $6.8 billion in legal fees. This high-growth, high-fee litigation involves supplier agreements, strategic relationships and outsourcing agreements that went bad. Industries seeing this litigation include energy, high tech and manufacturing.

Employment litigation, a $4 billion market. These cases are driven by wage and hour cases, trade secrets and federal reclassification of employees.

IP litigation, a $2.6 billion market. Companies were hoping to spend less on this area in 2011, but activity is increasing instead.

Securities litigation, a $2 billion market. This practice has the highest premium rates because of increasing shareholder activism. The cases involve companies in banking, financial services, chemicals and refineries.

For the complete article, read “The Four Hottest Areas in Litigation Consulting.”

From CPA Trendlines, http://cpatrendlines.com, March 14, 2011.