|[January 31, 2014]
Research and Markets: 2014 Industries of Opportunity for Private Law Counsel: Results from Over 600 Law Firms, US and non-US
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/qb5w3t/2014_industries)
has announced the addition of the "2014
Industries of Opportunity for Private Law Counsel" report to
The 2014 Industries of Opportunity For Private Law Counsel report
identifies the Top 10 industries demanding the most legal representation
and commanding the highest level of annual legal spends.
Additionally, the report ranks each law firm (total of 600) by their
activity in each industry for the time period 2008 - 2013. Many of the
top firms in each industry for the past 6 years will still be the
leaders, with some exceptions.
The analytical team looked at all major industries and the positioning
and pricing of over 600 Law Firms, US and non-US to develop this Report.
Although each industry is ranked in trms of overall economic promise
for law firms, every industry has opportunity and profit potential for
any firm that has the right expertise and marketing plan; historical
relationships will obviously help as well.
Technology was Number 1. Technology permeates every market sector in the
global - including and especially the up-and-coming Healthcare Sector,
ranked Number 2 in this year's industry report - and surveys of company
leaders combined with projections indicate that spending in technology
will continue to increase in 2014. Additionally, with the high costs of
human capital and a sluggish economy technology is the favored industry
in which to participate.
Although most Healthcare Executives believe that the Affordable Care Act
(ACA), aka, Obamacare, is a regulatory burden, the majority of them also
believe that ACA will increase revenue and profitability. Why? 25
million new patients coming into the system in 2014, most of whom are
less than 30 years in age and represent the low cost tier; so, the
younger and healthier new entrants will pay for the older higher cost
Also, the demographics in the United States are upside down: older
patients growing at a faster rate than younger patients. This is also
true in Western European countries. Contrast that with Mexico whose
largest population segment is under 27 years old. Additionally,
healthcare companies plan to make significant investments in technology
for service-delivery and regulatory reasons that will enhance their
For more information visit http://www.researchandmarkets.com/research/qb5w3t/2014_industries
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