Law students and junior associates will contemplate what areas of law interest them. They will consider whether they enjoy research, drafting, negotiations, court appearances or working with federal agencies. They will even reflect on the personalities of attorneys they’ve worked alongside in various practice areas. But, interestingly, as they set out on their career paths, many don’t seem to think much about the economic viability of each practice area and the metrics that will directly affect their ability to achieve a strong financial profile.
It’s the equivalent of buying a home without factoring in the location, price or taxes. You may end up with a lovely home, but an unsound investment. You should choose your career focus based not only on your interests and skills, but also on the financial factors that will affect your overall success.
