Financial Crisis
Leadership When It’s Needed Most
Posted Nov 1, 2009, 09:50 pm CST
By Carolyn Lamm
Due to shrinking law firm summer programs and increased competition for public interest positions and clerkships, law students and young lawyers face great uncertainty. Many graduates have had job offers deferred until the economy gets back on track. And senior lawyers who planned to retire have instead watched their 401(k) plans evaporate.
The economic downturn also has placed our legal system’s fundamental values at risk. While government and public interest budgets are dwindling, the need for legal services for the poor is increasing. The record amount of pro bono hours lawyers are providing cannot alone fill the gap. Neither can the bar’s recent successful efforts to increase federal funding for legal services.
Budget shortfalls are also severely reducing funding for… Continue reading...
-
Law Prof Argues Pay Czar Is Unconstitutional
Oct 30, 2009, 06:59 am CST
-
Option ARM Killed Bank & Homeowners; Why Didn’t Feds Shut It Down Sooner?
Oct 26, 2009, 04:38 pm CST
-
Great Depression Chronicled in Diary of Lawyer Who Lived Through It
Oct 19, 2009, 07:10 am CST
-
Commercial Lenders Bracing for Expected Wave of Defaults
Oct 15, 2009, 11:21 am CST
-
Cadwalader Drops Billing Rate to $525 an Hour for Partners’ TARP Advice
Oct 9, 2009, 08:44 am CST
-
Faced With Foreclosure, Homeowners Can’t Get Lawyers to Help
Oct 6, 2009, 01:05 pm CST
-
What I Did with My ‘Go Away Money’
Oct 1, 2009, 07:40 pm CST
-
How Some Pennsylvania Firms Compensated for the Bad Economy
Sep 29, 2009, 09:50 am CST
-
Worst of Recession is Over for Law Firms, Says PricewaterhouseCoopers Survey
Sep 23, 2009, 05:46 pm CST
-
SEC Seeks ‘Clawback’ Against Investors in Money Market Fund
Sep 23, 2009, 12:34 pm CST
-
As Traditional Legal Jobs Dry Up, Students Can Mold Unique Careers
Sep 23, 2009, 10:35 am CST
-
In Unusual Public Probe, Calif. Bar IDs 16 Lawyers in Loan Modification Case
Sep 21, 2009, 05:54 pm CST
-
Recession Forces More Stay-at-Home Moms Back to Work, Including Lawyers
Sep 21, 2009, 08:13 am CST
-
Where Are They Now? Lehman’s Former CLO Teaches Class, Joins Patton Boggs
Sep 18, 2009, 08:11 am CST
-
Greedy Gordon Gekko to Make a Comeback in ‘Wall Street 2’
Sep 15, 2009, 11:25 am CST
-
Drop in Legal Business Hits Bicycle Couriers in DC and NY
Sep 15, 2009, 05:34 am CST
-
Downturn Hits Harvard Law School, Forcing Coffee Cuts and Clinic Moves
Sep 11, 2009, 07:21 am CST
-
Now More Than Ever
Sep 1, 2009, 10:10 pm CST
-
Challenges and Accomplishments
Sep 1, 2009, 10:00 pm CST
-
E-Discovery Fears May Explain Why Recession Didn’t Spur Litigation
Aug 18, 2009, 06:22 am CST
-
Surburban Lawyers Explain Why Their Firms Are Prospering
Aug 12, 2009, 10:43 am CST
-
Recent Law Grads Pursuing Hard-to-Get Paralegal, Secretary Jobs at Firms
Aug 6, 2009, 10:54 am CST
-
ABA Finances: So Far, So Good—and No Dues Increase #ABAChicago
Aug 6, 2009, 10:14 am CST
-
Tuition Jumps 15% or More at Some Public Law Schools
Aug 3, 2009, 12:09 pm CST
-
Firms & Courts Must Streamline in ‘Buyer’s Market,’ Longtime Partner Says
Aug 3, 2009, 11:10 am CST
-
Battle on the Home Front
Aug 1, 2009, 09:50 pm CST
-
Where the Work Is
Aug 1, 2009, 09:39 pm CST