Energy transition is one of the hot new things for the legal industry—even for firms without a solid practice in traditional oil and gas or power—as firms seek to pivot transactional expertise to capture work in the expanding sector.
Firms are establishing and marketing practices that target various segments of the energy transition space, such as renewable energy, hydrogen, electric vehicles, battery storage or carbon capture. At the same time, finance, mergers and acquisitions, capital markets, private equity and environmental lawyers who typically worked in other industries are jostling for work in the growing sector.
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