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US Supreme Court on Justice Holmes’ 169th B-day Holds in Milavetz that the Bankruptcy Code’s Speech Restrictions on Attorneys Do Not Turn Them into…

Back in the good old days when bashing BAPCPA was in vogue, I posited here that BAPCPA’s “debt relief agency” provisions “look more like an effort to create a consumer bankruptcy lawyer clone who, much like the ever-multiplying Agent Smith from The Matrix-R

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Navigating the Ethical Pitfalls of Social Media

The proliferation of social media as a vital tool in business and personal communication presents many ethical traps for lawyers and their clients. At what point do conflicts of interest dictate who makes your friend-list? How much can you discuss your current business without violating confident

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(… still more) Legal Industry Predictions for 2010

I was going to write something clever here but … screw it. This is what I think is going to happen in 2010. Big law firms lose clients due to high overhead and lack of value Small law firms pick up the clients and their profitability jumps Unemployed grads go solo en

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Demand for Bankruptcy Attorneys Still Exceeds Supply

In the last installment of My Law Office we outlined some of the reasons recent law school graduates and inductees to the bar would consider bankruptcy law as their area of concentration. Since then some readers asked whether too many lawyers had not already chosen bankruptcy as their area of conc

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Happy Holidays from the LexisNexis Bankruptcy Law Center Staff!

Nothing Says Seasons Greetings, like LexisNexis’ Collier Bankruptcy Publications! For a limited time only, you can save 25% on any order over $500 on the LexisNexis Store. Click here for details. Would you believe the Collier Pamphlet

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Recent Law School Grad? Open a Bankruptcy Practice!

With the economy still reeling from the financial crisis and unemployment at over 10%, bankruptcy is one area of the law that is not suffering. Sure, the economy will recover eventually, but that does not mean that the need for bankruptcy attorneys will disappear. Some of the rea

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I (Still) Get No Respect

Let’s face it: Twitter, Facebook, and LinkedIn squandered their potential. Instead of becoming knowledge or trade hubs for professionals, including bankruptcy attorneys, they’re essentially virtual singles bars. All 3 of these networks are so choked with ads, scams, and come-on

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US Supreme Court Drops Bombshell "Summary Disposition" Vacating 2d Circuit’s Chrysler Decision

Hard to ignore today’s bombshell summary disposition by the US Supreme Court today on the Indiana Pension Funds’ appeal of the Second Circuit’s decision in Chrysler (see earlier discussion of case here ). Clearly, however, the Court’s six line summary disposition tossing the

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LexisNexis Survey: Legal Community Deeply Divided On Business Issues, Impact Of Economic Downturn, Future Of The Industry

A new national survey reveals deep divisions between corporate counsel and private practice attorneys over the current state of the legal industry, the impact of the economic downturn and what the future holds for the law firm business model. The just-released State of the Legal Industry Survey was

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Number of Prepackaged Bankruptcy Filings Tripled in 2009

According to an analysis from BankruptcyData.com , the number of prepackaged bankruptcy filings has tripled in the past year. There were 30 such filings in 2009, as compared to only 10 in 2008. In a prepackaged bankruptcy, the debtors and certain required majorities of each class o

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