SocraticGadfly: Lawyers hit hard – first modern white-collar recession?

June 07, 2009

Lawyers hit hard – first modern white-collar recession?

Previous modern American recessions have always hit manufacturing hard, and this one is no exception. But, manufacturing was already down to 10 percent or less of the U.S. economy before the recession, with the amount of made in China crap we import. (I’m waiting for prefab housing parts to be made there and sent over here for nothing but final carpentry assembly.)

But, with A-line law firms slashing away, and ethically bankrupt, and financially nearly so, financial firms doing the same, this is different.

That said, I’m not boo-hooing about stereotypically greedy alligator lawyers losing their jobs. If it has the good side effect of lawyers billing flat rates, and, even better, giving advance estimates on such, great.

No comments: