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Are Millennials Putting Family Lawyers out of Business?

8th Aug 2019

Ask the average Millennial what their views on marriage are and they’ll probably tell you a story of how they either don’t quite believe in that ancient institution, or how they continue to put it off for as long as they possibly can, simply because what it ultimately comes down to is how unaffordable it appears to be. They want to “get their stuff together” before settling down and tying the knot, but at the rate at which things are going, it appears as if most of them are missing the bus and the time doesn’t quite seem like it will ever be just right.

So, the question is, with all these Millennials opting out of this mapped out terrace of entering into what is essentially a legal agreement in marriage, is this putting family lawyers out of business?

Many Millennials ARE still actually getting married

The short answer is no, but one of the many reasons that they aren’t putting family lawyers out of business is indeed because some Millennials are actually still getting married. The divorce rate, which has climbed to just over 50% now, remains an element which is tied to the whole institution, so trust me when I say that family lawyers are still being kept as busy as they’ve perhaps always been. This is true even in the case of catering to a specific location or region, such as Wilmington divorce attorneys who offer their services primarily to residents in and around Wilmington and North Carolina.

More than one practice area

Another reason why the general reluctance of the Millennial generation to honour the tradition and institution of marriage isn’t necessarily putting people like this Family Lawyer Phoenix out of business is because family lawyers generally have a broad range of practice areas within family law. Their services and corresponding family law practice areas aren’t limited to divorce proceedings, encompassing specialist family law, custody, child support, and custody, among the regular ones such as divorce, alimony, and separation agreement.

Previous generations are still active

Millennials are gradually becoming the primary financial group, which is due to them inheriting money from their GenX and Baby-Boomer grandparents. Although family law attorneys mainly rely on the Millennial group for their business, GenXers and Baby-Boomers also take advantage of their services. Therefore, the lack of participation from Millennials does not seem to have any major impact on family law attorneys.

Modern day family law services

Ultimately, modern day family law dynamics have had quite the paradigm shift. A Millennial may not necessarily be seeking to get married in the traditional sense, but the other means through which family law affects them account for the business family lawyers would have otherwise lost to these “wayward” Millennials.

You might want to consult with a family lawyer for some advice on getting a prenuptial contract drawn up, for instance.

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