Are Brighter Days Ahead for Litigators?

The American Lawyer is reporting signs of a slow down in corporate work. The sub-prime mortgage crisis is having a direct impact on securitization work and private equity deals are starting to slow down as well. These deals, which are largely the domain of large firms, require armies of associates who at least until this summer, were burning the midnight oil on a regular basis.

At the same time, the SEC is hard at work investigating some of the shadier mortgage lending practices that lead to the spike in foreclosures. Could these mean better times for litigators? Amercian Lawyer seems to think so.

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