Lawyers and the Big 3

November 17, 2008
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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?
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  1. Justice has finally been served. So glad that Dr. Ley can finally sleep peacefully at night knowing the truth has finally come to the surface.

  2. While this right is guaranteed by our Constitution, it has in recent years been hampered by insurance companies, i.e.; the practice of the plaintiff's own insurance company intervening in an action and filing a lien against any proceeds paid to their insured. In essence, causing an additional financial hurdle for a plaintiff to overcome at trial in terms of overall award. In a very real sense an injured party in exercise of their right to trial by jury may be the only party in a cause that would end up with zero compensation.

  3. Why in the world would someone need a person to correct a transcript when a realtime court reporter could provide them with a transcript (rough draft) immediately?

  4. This article proved very enlightening. Right ahead of sitting the LSAT for the first time, I felt a sense of relief that a score of 141 was admitted to an Indiana Law School and did well under unique circumstances. While my GPA is currently 3.91 I fear standardized testing and hope that I too will get a good enough grade for acceptance here at home. Thanks so much for this informative post.

  5. No, Ron Drake is not running against incumbent Larry Bucshon. That’s totally wrong; and destructively misleading to say anything like that. All political candidates, including me in the 8th district, are facing voters, not incumbents. You should not firewall away any of voters’ options. We need them all now more than ever. Right? Y’all have for decades given the Ds and Rs free 24/7/365 coverage of taxpayer-supported promotion at the expense of all alternatives. That’s plenty of head-start, money-in-the-pocket advantage for parties and people that don’t need any more free immunities, powers, privileges and money denied all others. Now it’s time to play fair and let voters know that there are, in fact, options. Much, much better, and not-corrupt options. Liberty or Bust! Andy Horning Libertarian for IN08 USA House of Representatives Freedom, Indiana

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