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.Of course, bankruptcy creditor's attorneys are going to make a mint.
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.
Thursday, September 18, 2008
From the ABA: 42% of Lawyers Surveyed Fear Career Fallout from Lehman Woes.