Global Warming Gives Rise to Growth in Climate Law Practices at Global Law Firms
Corporations and governments dealing with increased environmental regulations and societal pressures are seeking more advice from outside counsel on environmental issues.
Climate change is crossing over into more and more aspects of traditional legal work and firms expect the amount of climate work to grow as the ramifications of global warming increasingly affect business activity.
Climate-related work draws in experts from a host of legal practices: banking and finance lawyers advise on climate and carbon market transactions, particularly on green bonds and sustainability loans; corporate and governance lawyers are needed for issues relating to climate change risk and climate-related disclosures; litigation partners get involved when developments with significant greenhouse emissions face court challenges; and project lawyers work on renewable energy developments.
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