Firm Watch
Jan. 30, 2008
Subprime Lending Crisis Turns Law Practices Upside Down
LOS ANGELES - According to the old adage, when the economy is good, lawyers make deals. When the economy is down, lawyers litigate. But the old ways are not holding true thus far, as law firms experience a downturn in corporate work triggered by the subprime lending crisis without the accompanying rise in litigation, according to a survey released Monday.
Daily Journal Staff Writer
This article appears on Page 1.
LOS ANGELES - According to the old adage, when the economy is good, lawyers make deals. When the economy is down, lawyers litigate.
But the old ways are not holding true thus far, as law firms experience a downturn in corporate work triggered by the subprime lending crisis without the accompanying rise ...
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