Articles from the ALM network of publications during the last six months confirm what many lawyers already know — lawyers are increasingly the target in a troubled economy. Yet bad stories with bad endings and bad headlines rarely start as a verdict or settlement.
Many times, these “headlines in the making” start as a billing dispute. Other times, a contract drafted by the firm is questioned or litigated. Or it could be that a bank represented by the firm fails. Increasingly, it is just an unhappy investor, the creditor of a failed business looking for a deep pocket, or litigation that took an ugly turn. On occasion, it is an impaired attorney whose personal problems have become firm problems.
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