Post # 828 – November 11, 2019

Legal Micro-Niche: Anti-Aging & Regenerative Medicine

Make no mistake, it is NOT efficiency that produces new wealth . . . but insight – insight into opportunities in pockets of emerging demand.  An attorney or group that gets an early start in accumulating knowledge and experience serving some micro-niche and then continues to learn faster than rivals can build an almost insurmountable lead – irrespective of size.

A Chinese scientist who announced that the first set of CRISPR-engineered female twins had been delivered; stem cells that can now grow eye retinas; a collagen bioprinter that should soon provide 3D printed lungs; this particular micor-niche, the global longevity industry is primed to reach $17 trillion this year and on track to crack $27 trillion within the next five years.  There is even a fascinating new book that just came out, by a Harvard Genetics researcher and professor called “LifeSpan” which has been getting a lot of attention, largely because it is about not just slowing or stopping – but actually reversing the aging processes.

We are edging closer to a dramatically extended healthspan—where 100 is the new 60. So, what will you create, where will you explore, and how will you spend your time if you are able to add an additional 40 healthy years to your life?

This is the eleventh in a series of articles I have been doing on what I call micro-niches - slivers of lucrative opportunity for attorneys and practice groups that care to invest non-billable time in developing themselves as the "go-to" experts.

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