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Difference between 'sector' and 'practice area'? Watch

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    Bit of a silly question, but I've just read something that has majorly confused me – I think it must be incorrect. Can someone clarify what is a 'sector' as opposed to a 'practice area'?
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    Sector would be something like energy, mining, healthcare, infrastructure, media whilst a practice area is something like M&A, Real Estate, Project Finance.

    Basically, a sector refers to an actual industry whilst practice area refers to the type of legal work that is done within those industries. For example, within the energy sector, you have litigation, M&A, PE, Project Finance/Banking practice areas at City firms
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    (Original post by Investigating)
    Bit of a silly question, but I've just read something that has majorly confused me – I think it must be incorrect. Can someone clarify what is a 'sector' as opposed to a 'practice area'?
    A sector tends to be a specialism in helping clients that sit within a particular market or industry, e.g. TMT (technology, media and telecoms), while a practice area tends to deal with a specific type of law (IP). There can obviously be cross over between these areas, and some sectors might have the same names as practice areas (e.g. Real Estate).

    Always look at how the firm divides up how it describes itself though. If it is big enough, qualified lawyers tend to be dedicated to a practice area but with some experience have a sector specialism(s) too.
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    (Original post by jb9390)
    Sector would be something like energy, mining, healthcare, infrastructure, media whilst a practice area is something like M&A, Real Estate, Project Finance.

    Basically, a sector refers to an actual industry whilst practice area refers to the type of legal work that is done within those industries. For example, within the energy sector, you have litigation, M&A, PE, Project Finance/Banking practice areas at City firms
    Thanks v much! I thought this was all correct, until I read this article which has evidently misused the terms!
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    (Original post by J-SP)
    A sector tends to be a specialism in helping clients that sit within a particular market or industry, e.g. TMT (technology, media and telecoms), while a practice area tends to deal with a specific type of law (IP). There can obviously be cross over between these areas, and some sectors might have the same names as practice areas (e.g. Real Estate).

    Always look at how the firm divides up how it describes itself though. If it is big enough, qualified lawyers tend to be dedicated to a practice area but with some experience have a sector specialism(s) too.
    Thank you very much!
 
 
 
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