I work in law - sadly not one of the highly paid specialisms. In fact I'm in personal injury which is about to go through massive reforms, which are likely to shrink the market and mean a lot less lawyers are likely to be required.
I've worked in this area of law for over 20 years, however I haven't directly handled cases for the last 10 or so, I've either been managing teams of more junior people or carrying out audits, technical reviews, delivering training etc. Which has all been good, mostly I enjoy my job and am well respected. But I don't earn a massive amount by legal standards (under 60k) and it is looking increasingly like I won't have a job in 12 months time.
So the question is what do I do now? I will get statutory minimum redundancy, that's all our company pays, so that won't get me far. I can't go back to case handling as my knowledge is so out of date. The work I do now is not an essential to firms especially where they are cutting costs. I can't do another area of law because I have zero experience in any other specialism and realistically no firm will employ a middle aged PI lawyer as effectively a newly qualified. I have made a few enquiries of agencies just in case I was being unduly negative but they have said I will be hard to place without any recent 'front line' experience.
I don't know what to do. I'm too young to retire and can't afford to, I have barely any pension and a sizeable mortgage...is there anything I'm not thinking of? I'm not formally at risk yet but it's really only a matter of time once the reforms are launched later this year.