Boon: A survey of 300 lawyers from the nation's largest firms shows that about one out of every four expects bankruptcy to be the biggest growth area in the next year. (The Wall Street Journal)
Told You So: New Century Financial Corp.’s general counsel acknowledged the high risk of subprime mortgages and warned senior managers about it in a memo in the fall of 2004, according to a 581-page report filed by a bankruptcy trustee investigating the company's problems (In-House Counsel via Law.com)
Another One: Steven Brill had this review of John Grisham’s new book, The Appeal, in Sunday’s New York Times. Same formula, spiked with gutter politics, he says.
Appeal: A three-judge panel in New Orleans is scheduled to hear Former Enron Corp. President Jeffrey Skilling’s appeal on Wednesday. The Wall Street Journal has this preview.
Guilty: A former Latham & Watkins partner pleaded guilty Friday to defrauding both clients and his own firm by charging them more than $300,000 in personal or false expenses. (New York Law Journal via Law.com)
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