Lawyers and the Financial Litigation Tsunami

Abstract

Here is the good news. In a recent survey (Opinion Research Corporation Dec 2008), only 3% of respondents blamed lawyers for the current financial/economic crisis. On the other hand, that may be an indication of how little a role lawyers are seen to play in business strategy and social trends. Or perhaps I should reveal that those questioned in the survey commissioned by the American Bar Association were themselves lawyers and perhaps unlikely to acknowledge any responsibility even if they made a significant contribution. (As perhaps in the Erin Brockowicz film line – “Do they teach lawyers to apologise? Cos you suck at it!”.)

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