Thursday, September 18, 2008

Lehamn Fallout in Lega Community

From the ABA: 42% of Lawyers Surveyed Fear Career Fallout from Lehman Woes.
Forty-two percent of practicing lawyers responding to a survey through the blog Above the Law said the recent bankruptcy of Lehman Brothers and the sale of Merrill Lynch would harm their careers. Only 27 percent felt that way when the government bailed out Bear Stearns.

The survey, sponsored by legal recruitment firm Lateral Link, got 830 responses. Most of those who answered were associates, the National Law Journal (sub. req.) reports.
Of course, bankruptcy creditor's attorneys are going to make a mint.

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