Wednesday, February 06, 2008

Lawyers Get Green With Green; Industry to Vanish

To demonstrate that there's always a silver lining for someone, Moonbattery lets us know:

Twenty of the top 100 highest-grossing U.S. law firms are billing as much as $700 dollars per hour for climate change work that ranges from lobbying Congress to helping clients finance clean-energy projects, according to Bloomberg. And the move into climate-change law is gaining traction as Congress considers mandatory GHG caps. Baker & McKenzie, a Chicago-based firm with over 3,300 lawyers, pioneered a climate-change group ten years ago. The team of 60 lawyers brought in an estimated revenue of $15 to $20 million in 2007, said Richard Saines, who heads the US part of the practice.

The red highlight tells you what's going to happen in the next 10 years or so. The action will be in corporate-governance lawsuits filed by shareholders after some corporations get hit with GHG violations (however that is determined...)

We've maintained that the exodus of manufacturing to offshore plants (and the just-as-significant practice of "outsourcing") has much more to do with taxes and regulations than the simple-minded "cost of labor" mantra voiced by some.

Proof abounds...

1 comment:

RAG said...

I must be in the wrong biz. :)