New Areas of Law Practice in Nigeria

Then there is the issue of internal exploitation within the profession, which also discourages lawyers, especially young lawyers, from remaining in the profession. The internal exploitation stems from the law firm`s desire to exploit junior lawyers by refusing to pay decent salaries. [22] Inadequate living wages create a situation called “antithesis of the nobility of the profession.”[23] The Learned Silk went on to explain, “It collectively undermines the entire profession when lawyers emerge who look or live less than noble.” [24] The point here is that it will be premature to attempt to encourage lawyers to diversify their practice without addressing the issue of inadequate compensation. In the context of globalization, technology and economic diversification that have led to societal changes, a number of new areas of legal practice have emerged. However, the focus here is on fintech and capital market as emerging areas and opportunities available to Nigerian lawyers. Due to our expertise and extensive experience in this field, as well as our many years of excellent cooperation with the Ministry of Home Affairs (MIA), the Nigerian Immigration Service (NIS) and the Nigerian Investment Promotion Commission [NIPC], we do not ship the goods. [19] For example: Chambers and Partners , IFLR 1000 Financial Nigeria Growth in this area will continue, as as long as inventions and innovations exist, IP lawyers will be needed to acquire the rights to new ideas and protect the ownership of existing creations. Even if the recession affects other legal practices; Intellectual property law generally continues to thrive because people can`t stop imagining. This is especially true in Nigeria as more and more people are interested in keeping their creations and reaping the benefits when others appreciate these innovations. Now is the right time for you to position yourself as an IP expert in Nigeria.

What are some of the important steps you may need to take? First of all, you may need to underestimate some of the IP lawyers in Nigeria. You can do this by following them on social media and possibly looking for learning opportunities with them. Alternatively, you can join a law firm that specializes in intellectual property law as one of its practice areas. Next, you`ll want to gain more knowledge by reading and taking IP courses. You would also like to join certain boards or groups that deal with IP issues locally and globally. Some of them are WIPO (they offer online courses), CIP and the International Technology Law Association. Finally, you should share your knowledge with the world on social media and other learning platforms. To be part of our learning platform and share your videos and content online, email us here. A blockchain is a decentralized digital public ledger that exists on a network and is distributed using digital technology. Blockchain technology is the platform for the growth and adoption of innovations in the digital economy, including Bitcoin and other cryptocurrencies.

Blockchain technology also offers a variety of applications in various other areas of daily life such as contracts, healthcare, dispute resolution, etc. Our Energy and Projects group provides legal and business services and support to upstream, midstream and downstream industries; the electricity and renewable energy industry as well as various infrastructure development projects. Our practice consists of a carefully selected group of individuals with excellent academic qualifications and international commitment, as well as specialist experience in the various elements of financial law and financial services, including corporate finance, project finance, real estate finance, structured finance, infrastructure finance, asset finance, capital markets and private equity. We take a practical and commercial approach to solving problems, and thanks to our legal skills, we are able to provide a state-of-the-art service to our clients. In this current and future era of automation, the role of the lawyer remains sacrosanct. The trusted advisor is what a good lawyer wants to become. [25] This undeniable role of the lawyer permeates all areas of legal practice that currently exist or will be in the future. It has already been mentioned in this paper that there is an increased need for lawyers for management consulting functions. As commercial transactions become more complex, lawyers will be needed to unravel these complex structures and advise best practices. A lawyer cannot afford to be dishonest in his dealings with his clients and professional colleagues.