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Intellectual property as well as mergers and acquisitions are still red-hot practice areas, while insurance coverage and environmental law are cooling off, according to legal consultant Robert Denney’s 18th annual “What’s Hot and What’s Not in the Legal Profession” report. In addition, Denney, a Wayne, Pa.-based consultant, said that interest in the Latin American legal market is growing, and Chicago and Las Vegas are the U.S. cities now attracting the attention of law firms. The report compiled lists of trends in the profession in areas of business development, marketing, practice growth, mergers and management. Denney placed environmental law on the cool-to-cold list, but added that the practice area could get hot again in the area of global warming. Stem cell legal work has already begun to rise in anticipation of an increased need for the practice area, Denney said. Other practice areas that are getting hot, according to Denney’s report, include asbestos litigation and structured finance and securitization work. Practice areas that remained hot included real estate, securities fraud, employment law, nursing home litigation and elder law. Along with mergers and acquisitions, antitrust law remains red hot, Denney said. Immigration and complex litigation also made that list.

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