Thursday, May 01, 2003

HAPPY LAWYERS

The Full Employment for Attorneys Act, also called the Over-Reaction to Enron Act, also called the Sarbanes-Oxley Act, has spawned new practice areas at law firms as they scramble for market share. Key paragraph about the best laid plans of mice and men:
In the future, lawyers speculate that even more business could come from taking public companies private. "I think that will become a trend," says Jamieson, "because [Sarbanes] has ratcheted up not only costs in dollars but also in stress and anxiety over liability."

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