Elder Law: Riiding the Age Wave (Paperback)
Build a legal career in one of the hottest 21st century employment areas In his 21st Century Legal Career Series, Richard L. Hermann researches, evaluates, and predicts where the employment opportunities are and will be for law graduates. Volume 17, Elder Law: Riding the Age Wave, spotlights a practice area often overlooked or deemed slow-moving and stodgy by legal career seekers. Not anymore. That all changed on January 1, 2011, when the first Baby Boomer turned 65. Baby Boom demographics are unprecedented. Beginning in 2011 and not ending until 2029, 80 million have, are, and will turn 65 at the rate of 10,000 a day every day. That's a lot of potential clients. This most populous and prosperous generation ever is now confronting both the health and financial issues attendant upon age. And demand for elder law advice and legal services is not exclusive to seniors. The potential client pool also includes millions of Generation Xers and Millennials concerned about their senior relatives' financial, care giving, quality of life, and succession issues. Elder Law focuses on the growing epidemic of financial fraud targeting older Americans, which costs seniors an estimated $2.9 billion annually. Elder financial abuse is where financial services meet social services. It is also where legal practitioners can hop on board an emerging, highly remunerative practice area that is creating legal and JD-Advantage jobs throughout the nation. Highlights include: -Defining "Elder Law" -The Astonishing Numbers -Elder Financial Abuse: the fastest-growing and most "monetizable" practice subspecialty -Why Is Elder Law Hot? -Where the Jobs Are -JD-Advantage Job Opportunities -Positioning Yourself for an Elder Law Job -Compensation -Advance Notice of Elder Law Job Opportunities -The Future Despite the ravages of the Great Recession, Boomers are aging up blessed with more wealth than any other generation in history. The average net worth of 65-and-over U.S. households is more than $200,000, triple that of any other age cohort and by far the highest in history. This massive senior population is served by almost 90,000 residential and other institutions, including assisted living facilities, nursing homes, home healthcare agencies, retirement homes, hospitals, dialysis centers, adult day care facilities, hospices, and senior centers, among other service providers. Hermann provides a guide to the Elder Law practice area, which is gaining prominence, and producing career opportunities in law firms of all sizes as well as financial services companies and governments at all levels.
About the Author
Richard L. Hermann graduated from Yale, the New School University, and Cornell Law School (following a stint in the U.S. Army, where he handled nuclear weapons and jumped out of airplanes). His first job out of law school was as an attorney at the Pentagon. He went on to work for the Government Accountability Office and Department of Energy. During his brief government career, he counseled friends and acquaintances on finding government law jobs, which evolved into launching Federal Reports Inc. The company became the leading provider of legal career information in the U.S. Among its many products were AttorneyJobs.com, LawStudentJobsOnline.com, and many other legal career publications and web products (all now the property of Thomson Reuters).He also founded and led Nationwide Career Counseling for Attorneys and Sutherland Hermann Associates, an attorney outplacement and disability insurance consulting firm. Later he developed and taught the first law school course in Legal Career Management for online Concord Law School. He also has been a regular columnist for National Jurist. Hermann is the author of many books on legal careers including for the American Bar Association (ABA). LegalCareerView.com and the 21st Century Legal Careers Series are Hermann's latest additions to his body of work on legal careers (both traditional and non-mainstream [a.k.a. "JD-Advantage]. Both resources help connect the dots between today's news and tomorrow's jobs and provide strategies for securing a rewarding career in--and around--the law.