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&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Summer associate programs shrinking&amp;#8230;.venerable firms disappearing&amp;#8230;associate layoffs increasing&amp;#8230;and yet, according to the &lt;i&gt;L.A. Times&lt;/i&gt;, &amp;#8220;It&amp;#8217;s Boom Times for Lawyers.&amp;#8221;&amp;nbsp; (And not as in &amp;#8216;lower the boom.&amp;#8217;)&lt;p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;&lt;/font&gt;&amp;nbsp;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;According to the &lt;i&gt;LAT&lt;/i&gt; piece, these are the &amp;#8216;boom&amp;#8217; area of the law:&lt;/font&gt;&lt;/p&gt;&lt;ul&gt;&lt;li&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Representation of homeowners who &lt;s&gt;didn&amp;#8217;t read&lt;/s&gt; were misled about their mortgages&lt;/font&gt; &lt;li&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Counselling companies on how best to handle &lt;strike&gt;layoffs&lt;/strike&gt; rightsizing without getting sued&lt;/font&gt; &lt;li&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Fraud lawsuits against banks and investment firms&lt;/font&gt; &lt;li&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Advising banks seeking a piece of the $700-billion government bailout of the&amp;nbsp;financial system&lt;/font&gt; &lt;/li&gt;&lt;/li&gt;&lt;/li&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;In fact the bailout package is depicted as essentially a &amp;#8216;make-work&amp;#8217; program for lawyers. The banks and other entities seeking a piece of the pie will need to comply with a new and byzantine set of regulations, including restrictions on executive compensation. Or, as Scott Sinder, head of Steptoe&amp;#8217;s government affairs group, puts it, &amp;#8220;We&#39;re going to have to marry program restraints with contractual obligations of companies.&amp;#8221; Translation: lots of billables.&lt;/font&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot; align=&quot;right&quot;&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;&lt;/font&gt;&amp;nbsp;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot; align=&quot;right&quot;&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;-posted by brian&lt;/font&gt;&lt;/p&gt;&lt;/font&gt;

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