The NYT yesterday wrote about hard times at a Wall Street law firm. The item stressed the firm's 108 years and its fall into layoffs, a victim (it says) of the slow down in deals. The trend will likely go on for awhile.
But Blawgletter also senses that the fear of suing has started to abate. Plenty of bad deals helped the economy take a dive last September. Bad deal-making of course supplies the raw material for commercial lawsuits. What has changed? Companies now seem to feel strong enough to fight.