Tuesday, May 29, 2012

Dewey & LeBoeuf, once one of the largest, most “important” law firms in the filed for bankruptcy last night. Simply put, it was insolvent. While the firm had some of the so-called “top” attorneys in the naton, I wonder about the issue of “character.”

Did any partners even consider reducing their compensation? More than 100 received in excess of $5 million annually, frequently charging $1,000 an hour.

Think about it.

I also read today that “Consumer Confidence” plummeted last month. These statistics, in my view, no longer have to compiled: The economy can assessed at any time these days anecdotally: Just look at the increase in traffic and sales at 99 Cent stores and the like.

Again, I’m prompted to wonder what’s right with the world.