Tuesday, September 11, 2012

That’s Where the Money Is


Author (Guest Blogger): Matthew T. Smith

In 20 years the population that will require nursing home care will have grown almost 300%.  What do you think the chances are that there will be enough attorneys who specialize in the area of elder law and special needs trusts to adequately deal with the health care leviathan that is the baby boomer generation?  With the legal job market being the most difficult it has been for new attorneys in the last 30 years, does it not makes sense that new attorneys should be looking into nontraditional areas that have a real potential for growth and development?  Personal injury will always be around, but there are more personal injury attorneys than are actually needed.  Public defender and state attorneys are always needed, but with the skyrocketing cost of student loans and inflation in our economy the 35-40,000 dollar a year salary may just not be feasible.  Why won’t new attorneys stop, take a look around, and ask themselves where there is the greatest need?   It’s as if the new attorneys are fireman who just got the call about an emergency that requires their help.  They hurry down the street to see a nursing home on fire on one side of the road, with only one or two fireman putting out the blaze, and on the other side of the road there is a kitten stuck in a tree with 100 firemen already attempting to pry the cat down.  The fireman already helping the cat also have TV commercials and their pictures painted on buses and billboards.  Which side of the road has the best chance of a new fireman getting some real life practical experience in their profession?  Which side allows the greatest possibility of getting personal satisfaction in helping someone?  Which side do you believe is going to be more grateful to you?