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Here come the new lawyers! Recruiting has done its job and turned the reins over to human resources and perhaps a group of attorney mentors. The seemingly endless orientation has ended, summer programs are lingering memories, offices have been chosen and equipped, and it is now time to get to work.
Unlike the attorney classes of five years ago, the latest class of attorneys is feeling less pampered and is prepared to immediately accept firm productivity expectations. These attorneys have earned bragging rights among their scholastic peers for having secured a position with your firm. They have read the unflattering stories on the legal blogs. They have decidedly committed to “never be a laid-off attorney.” Their future seems bright enough. Their salary is adequate. But are they happy?
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
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