Economy

Attorneys, courts feel drop in bankruptcy filings

January 27, 2016
Marilyn Odendahl
Bankruptcy attorney Mark S. Zuckerberg recently described the current state of his practice: “Nobody’s coming into my office; nobody’s calling me; nobody’s paying me.” His loneliness can be tied to the drop in bankruptcy filings. In 2015, petitions nationally fell to 860,182, an 11 percent decline from 2014 and the lowest number of filings since 2007.
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Law schools, ILS partner on foreclosure prevention services

January 20, 2016
IL Staff
A grant from the Office of the Indiana Attorney General will help fund a partnership between Indiana Legal Services Inc. and two law schools in an effort to provide more services to those facing foreclosure in the state.
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2015 record-breaking year for law firm combinations

January 6, 2016
IL Staff
The 91 law firm combinations announced in the United States last year is the highest annual total recorded by Altman Weil MergerLine, which has been compiling this data for nine years.
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COA affirms attorney owes ex-assistant thousands in unpaid wages

December 23, 2015
Jennifer Nelson
An Elkhart solo practitioner must pay his former legal assistant more than $85,000 after she sued him to recover unpaid wages owed to her over the course of two years, the Court of Appeals affirmed Wednesday.
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Henderson: Survey reveals signs of fundamental change in the legal profession

December 2, 2015
Marilyn Odendahl
The traditional career path for Indiana attorneys – graduate from law school, become an associate in a law firm, work long hours and eventually become a partner – appears to be broken, or at least cracked.
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Focus for law firms: Clients, clients, clients

December 2, 2015
Dave Stafford
Law firms large and small face similar challenges – keeping costs down and quality high while also finding ways to sustain and grow the business.
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Survey finds widespread professional satisfaction, little encouragement to pursue career in law

December 2, 2015
Dave Stafford
Life’s not bad being a lawyer. Work is satisfying, there’s time for life outside work, and the pay is good. But I wouldn’t recommend it. Those contradictions in lawyers’ prevailing attitudes were revealed in Indiana Lawyer's Practicing Law in Indiana survey.
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Chief legal officers: cost pressures biggest issue

November 10, 2015
Jennifer Nelson
Chief legal officers say internal and external cost pressures were their biggest concern in managing their law departments this year, according to survey results released Tuesday by Altman Weil.
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Panel: Indiana's economy to grow at slightly faster rate

November 5, 2015
 Associated Press, IBJ Staff
Indiana's economy will grow at a slightly faster rate next year and into 2017 even as the state faces challenges from weakening international markets, Indiana University economists said Thursday in their annual forecast.
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Can an on-demand lawyer startup transform the legal business?

November 5, 2015
 Bloomberg News
John Suh is convinced that he can put lawyers back to work. In the past decade, the number of working lawyers has fallen by more than 50,000. Solo practitioners, the mom-and-pop shops of jurisprudence, have been in a death spiral for even longer.
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Pence decides to pay off federal unemployment loan

October 22, 2015
 Associated Press, IBJ Staff
Gov. Mike Pence on Thursday morning announced that the state would use about $250 million from Indiana's surplus to finish paying back the federal government for a loan the state took out to pay unemployment benefits during the recession.
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Forgiving student debt

October 21, 2015
Marilyn Odendahl
The American Bar Association launched a campaign in response to proposed changes to federal loan forgiveness and repayment programs.
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Indiana programs help public sector attorneys with loans

October 21, 2015
Marilyn Odendahl
Along with the government repayment and forgiveness programs designed to help new attorneys in the public sector pay their student loans, law schools and bar associations have established similar programs.
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Confidence levels remain muted, partners say

October 14, 2015
 Bloomberg News
If there’s optimism among law firm managing partners, it’s muted at best.
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Record pace for US law firm combinations continues

October 12, 2015
 Bloomberg News
Law firm mergers show no signs of abating. That’s the takeaway from a report from legal consultant Altman Weil Inc., which tracks the number of combinations -- both large and small – among firms.
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Total legal spending up 2 percent, survey says

October 12, 2015
 Bloomberg News
Total legal spending is up slightly – by 2 percent – according to HBR Consulting’s 2015 Law Department Survey. But, not surprisingly, outside counsel spending is flat compared with last year.
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Survey reveals managing partners’ economic mood is muted

July 28, 2015
 Bloomberg News
Managing partners at the end of 2014 expressed renewed economic confidence. The mood seems less rosy now, according to the latest survey by the Law Firm Group at Citi Private Bank.
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Pensions vex as ranks of retired partners grow

June 25, 2015
 Bloomberg News
The funding of pension plans remains problematic for many employers, and on June 17 the federal government named well-known attorney and mediation maven Kenneth Feinberg to supervise a new program that allows some pension funds to cut retiree benefits.
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‘No relief’ for law school enrollment slump

February 25, 2015
IBJ Staff, J.K. Wall
After three down years for law school enrollment, Austen Parrish expected a rebound of applications and enrollment this year at Indiana University Maurer School of Law. But it isn’t happening.
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Rising cost of legal education sparked creation of ABA task force

February 25, 2015
Marilyn Odendahl
At public law schools, the average tuition and fees across the country for in-state residents skyrocketed 123 percent between 2003 and 2013. Private law schools were marginally better, logging an increase of 64 percent, according to a 2014 analysis by Robert Kuehn, professor at Washington University School of Law in St. Louis.
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The first 2 law schools to drop the LSAT could be just the beginning

February 24, 2015
 Bloomberg News
Two law schools said this month that they would begin accepting applicants who have not taken the Law School Admissions Test, a move that may help curb weak interest and plunging enrollments in law schools across the country.
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Funding short for Indianapolis-area jail literacy program

February 16, 2015
 Associated Press
A program that provides literacy instruction to inmates in Indianapolis-area jails is having funding problems and organizers of the nonprofit Indy Reads have said its future is uncertain.
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Indiana bills to increase minimum wage go unheard

February 11, 2015
Dave Stafford
More than half of states in the U.S. have enacted laws increasing their minimum wages above the federal standard of $7.25 an hour, but the Indiana Legislature won’t even discuss it.
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Law firms see overhead costs shift during past 25 years

January 28, 2015
Marilyn Odendahl
All the modern devices and technology used by law firms these days come at a high cost and are often among the top firm expenses, according to managing partners.
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Once controversial, IOLTA is now professional standard in Indiana

January 14, 2015
Marilyn Odendahl
Indiana Supreme Court posed an obstacle in 1990 to getting the program launched to fund pro bono efforts.
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  1. Can I get this form on line,if not where can I obtain one. I am eligible.

  2. What a fine example of the best of the Hoosier tradition! How sad that the AP has to include partisan snark in the obit for this great American patriot and adventurer.

  3. Why are all these lawyers yakking to the media about pending matters? Trial by media? What the devil happened to not making extrajudicial statements? The system is falling apart.

  4. It is a sad story indeed as this couple has been only in survival mode, NOT found guilty with Ponzi, shaken down for 5 years and pursued by prosecution that has been ignited by a civil suit with very deep pockets wrenched in their bitterness...It has been said that many of us are breaking an average of 300 federal laws a day without even knowing it. Structuring laws, & civilForfeiture laws are among the scariest that need to be restructured or repealed . These laws were initially created for drug Lords and laundering money and now reach over that line. Here you have a couple that took out their own money, not drug money, not laundering. Yes...Many upset that they lost money...but how much did they make before it all fell apart? No one ask that question? A civil suit against Williams was awarded because he has no more money to fight...they pushed for a break in order...they took all his belongings...even underwear, shoes and clothes? who does that? What allows that? Maybe if you had the picture of him purchasing a jacket at the Goodwill just to go to court the next day...his enemy may be satisfied? But not likely...bitterness is a master. For happy ending lovers, you will be happy to know they have a faith that has changed their world and a solid love that many of us can only dream about. They will spend their time in federal jail for taking their money from their account, but at the end of the day they have loyal friends, a true love and a hope of a new life in time...and none of that can be bought or taken That is the real story.

  5. Could be his email did something especially heinous, really over the top like questioning Ind S.Ct. officials or accusing JLAP of being the political correctness police.

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