Effects of Financial Collapse Worry Lawyers, Law Students

About 42 percent of practicing attorneys said the recent collapse of Lehman Brothers and the sale of Merrill Lynch would hurt their careers, up from 27 percent who expressed similar detrimental effect when the government bailed out the former Bear Stearns earlier this year, according to a survey by legal recruitment firm Lateral Link. Lawyers and law students in New York had more concerns than those in other parts of the country.