With CEO Heads Rolling, Lawyers May Be Next

Law360, New York (November 5, 2007, 12:00 AM EST) -- With executives dropping off like flies in the financial-services industry, many lawyers are wondering if corporate counsel are the next casualty of the meltdown in the subprime mortgage industry.

So far, no corporate lawyers have lost their jobs as the direct consequence of the crisis. But it's too early yet to say whether they will weather the storm, experts say.

Even outside law firms – corporate America's hired help—aren't completely without exposure, and it's not clear whether they will be held accountable for some of the...
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