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Law firms will lead the pack, with 30% expecting to add staff. Paralegals with four to six years' experience are in particular demand, as are attorneys who specialize in "lucrative areas like litigation, health care, bankruptcy, and foreclosure law," the report says.

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The commerce ministry data showing plummeting real estate investment follows an overall 53 per cent rise last year to a record $33bn, according to separate data from JLL, a global realtor.

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