Environmental Law To Feel Effects Of Down Economy

Law360, New York (September 25, 2008, 12:00 AM EDT) -- The turmoil brewing in the economy could mean tough times are ahead for environmental law, with the economy expected to have an impact on environmental litigation, enforcement actions and green project funding.

Tightening credit markets could hurt firms that finance big toxic tort and Superfund-related cases, said Baker & McKenzie LLP environmental law partner Richard Saines.

“One could envision a scenario in which it would be harder for plaintiffs' attorneys to take on bigger-risk, higher-reward cases,” especially if they have to borrow money from banks to...
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