Lawyers and the Big 3

November 17, 2008
Back to TopCommentsE-mailPrintBookmark and Share
There’s been a lot of talk lately in the news about the Big Three automakers – Chrysler, Ford, and General Motors – and how the companies are struggling in the current economy. The automakers are turning to Congress for possibly $25 billion from the bailout plan to help them attempt to weather this economic storm.

The fear is if even one of the car makers collapses, the repercussions will be felt throughout the country, including Indiana. Workers for the car company, suppliers, dealers, and other companies would be laid off; other companies tied to the automakers could also face closures.

Perhaps it’s because I work for a legal publication, but I immediately thought – what about the attorneys who work for these companies? There are several large firms in our state that deal with either the Big Three or companies that supply parts to automakers. Some firms work with car dealers; others with credit companies tied to the automakers or car auctions. What will happen to the general counsel for these companies who rely on the auto industry?

If Chrysler, Ford, and/or GM go under, how much of an impact will that have on our legal community? I don’t know how much of a firm’s business is tied to the auto industry, but will firms in Indiana have to make cuts to staff or practice groups if the auto makers file bankruptcy, go under, or merge to become one U.S. automaker? Any thoughts?
ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in Indiana Lawyer editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT
  1. Excellent initiative on the part of the AG. Thankfully someone takes action against predators taking advantage of people who have already been through the wringer. Well done!

  2. Conour will never turn these funds over to his defrauded clients. He tearfully told the court, and his daughters dutifully pledged in interviews, that his first priority is to repay every dime of the money he stole from his clients. Judge Young bought it, much to the chagrin of Conour’s victims. Why would Conour need the $2,262 anyway? Taxpayers are now supporting him, paying for his housing, utilities, food, healthcare, and clothing. If Conour puts the money anywhere but in the restitution fund, he’s proved, once again, what a con artist he continues to be and that he has never had any intention of repaying his clients. Judge Young will be proven wrong... again; Conour has no remorse and the Judge is one of the many conned.

  3. Pass Legislation to require guilty defendants to pay for the costs of lab work, etc as part of court costs...

  4. The fee increase would be livable except for the 11% increase in spending at the Disciplinary Commission. The Commission should be focused on true public harm rather than going on witch hunts against lawyers who dare to criticize judges.

  5. Marijuana is safer than alcohol. AT the time the 1937 Marijuana Tax Act was enacted all major pharmaceutical companies in the US sold marijuana products. 11 Presidents of the US have smoked marijuana. Smoking it does not increase the likelihood that you will get lung cancer. There are numerous reports of canabis oil killing many kinds of incurable cancer. (See Rick Simpson's Oil on the internet or facebook).

ADVERTISEMENT