With the downturn in the global economy, you can expect that the job outlook for bankruptcy attorneys and bankruptcy lawyers to be on the upswing. And you are right!
From 2018 to 2028, Zippia projected that the rate of job growth for professionals serving people and companies are are thinking about bankruptcy will be 10%. Projections extended to the year 2032 by the U.S. Bureau of Labor suggests the growth rate will continue but slope down slightly to 8%.
No worries. It is still all good.
What does this mean in actionable information that you can use in your own life? About 80,000 new job openings will be made available to job seekers searching for work that pays a decent wage. And the median wage is pretty high!
The U.S. Bureau of Labor calculated the median pay for attorneys and lawyers to be $135,740 per year, roughly $65.26 dollars per hour. Of course, you would need a doctoral degree, professional degree and state licensure.
Now that you are interested in becoming a bankruptcy attorney, the job responsibilities and job tasks related to this specific legal profession follows.
Bankruptcy Attorney Job Responsibilities
- Collect financial information from their clients
- Attend legal hearings;
- Represent their clients during hearings
- Draft bankruptcy cases;
- Advise their clients on the different re-restructuring options available to them should they decide to go through bankruptcy process;
- Help manage cases through the legal process pipeline, from filing through discharge;
- Remain up-to-date and informed of current developments and potential changes in bankruptcy law;
- Request and approve drafts of various objections, pleadings, and motions;
- Be available to respond to client questions via in-person, phone and email;
- Meet with existing clients to prepare for hearings;
- Extensive knowledge of complicated Chapter 11 terms, regulations and matters.
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