Economy

ABA task force advises review of law school costs

February 12, 2014
Marilyn Odendahl
In its year and a half examination of how lawyers are educated, the American Bar Association Task Force on the Future of Legal Education concluded the financial system law schools have developed to provide that education must be re-engineered.
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Survey says a majority of chief legal officers are happy with their jobs

January 31, 2014
IL Staff
A survey released Wednesday by the Association of Corporate Counsel found that 85 percent of chief legal officers are satisfied with their current role and level of responsibility within their companies, a four percent increase as compared to last year.
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As money for justice declines, many don’t see potential cost

January 29, 2014
Dave Stafford
Persistent warnings about funding shortages for state and federal courts don’t appear to be registering with the public, a new poll concludes.
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Correctional services consolidation bill drawing fire

January 29, 2014
Marilyn Odendahl
Community corrections advocates are worried that a proposal to consolidate the Marion County probation and community corrections departments would take local decision-making away from community members and give more control to judges.
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Lawmaker targets burdensome pre-settlement funding by proposing cap on interest rates

January 15, 2014
Dave Stafford
Funding companies woo plaintiffs in need with promises of quick cash for their pending settlements without oversight in Indiana. That soon could change.
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Legal service nonprofits look to private dollars as public funds shrink

December 4, 2013
Marilyn Odendahl
The alteration the Indianapolis Legal Aid Society made this season to its letters soliciting donations reflects a strategic decision by the nonprofit to go after higher contributions and underscores the need for service organizations of any kind to be aggressive.
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Fewer LSATs show reduced undergrad interest in law

December 4, 2013
Marilyn Odendahl
The continued drop in the number of people taking the LSAT has brought more worries about the future of law schools; however, many would-be applicants may just be waiting for the economy to improve before they try for admission.
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Survey: Midlevel associate satisfaction hits new high

August 29, 2013
IL Staff
Associates in their third, fourth and fifth years at large law firms report the highest overall level of job satisfaction seen in the 10-year history of a survey on the topic.
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More 2012 law grads find jobs, but overall employment rate dips

June 21, 2013
Jennifer Nelson
The overall employment rate for 2012 law school graduates is at the lowest its been in nearly 20 years, according to data released by NALP Thursday.
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Ice Miller, Bingham Greenebaum Doll reduce downtown office space

June 20, 2013
Scott Olson
A couple of Indianapolis’ largest law firms are giving up space in two downtown office towers, exemplifying how the legal profession is shifting the way in which it conducts business.
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Changing times change mergers and acquisitions practice

June 19, 2013
Marilyn Odendahl
In the manufacturing hub of Elkhart, attorney Mike Pianowski has noticed the mergers and acquisitions market rebounding.
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Pro bono efforts reflect culture of southwestern Indiana attorneys

June 5, 2013
Marilyn Odendahl
A reflection of the southwestern Indiana legal community’s commitment comes during Evansville’s Law Day celebration. The day begins with the local attorneys reciting the Indiana Oath of Attorneys. The last clause of that oath speaks to not forsaking the poor and to the attorneys’ obligation to not turn away people from justice.
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Chief Justice Roberts says cuts to judiciary budget becoming too deep

May 22, 2013
Describing the immediate impact changes in judicial budgets have on court staff, Chief Justice of the United States John Roberts used part of his address to the 7th Circuit Bar to highlight the fiscal constraints judges and courts are facing today.
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New lawyers find bloom still not on hiring rose

May 8, 2013
Marilyn Odendahl
With headlines still screaming about the glut of lawyers and recent law school graduates struggling to find jobs that will enable them to repay their student loans, Andrea Kochert admits she is probably not the typical law school student.
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Law school applications drop over last 2 years

April 24, 2013
Scott Olson
Applications to three of the four Indiana law schools are in free fall as prospective students think twice about taking on mountains of debt at a time when job prospects are dim.
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Many efforts arise to address abandoned property, few go forward

March 27, 2013
Dave Stafford
State Sen. Jim Merritt wanted to help an eastside Indianapolis church gain possession of some long-abandoned, derelict houses, tear them down and establish a neighborhood park. But it turned out there wasn’t much the law allowed the church to do.
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Tax clinic brings relief to homeowners fighting high assessments

March 27, 2013
Marilyn Odendahl
At Faegre Baker Daniels LLP, the attorneys suspected there was a gap in pro bono tax help for owners of homes valued at $150,000 or less. They were looking for a volunteer opportunity so they organized the first ever Homeowner Property Tax Clinic.
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Law firm's longtime chief gives suitors cold shoulder

February 27, 2013
Scott Olson
Alan Levin has been managing partner of Barnes & Thornburg LLP for 16 years, far longer than the heads of most major Indianapolis law firms. But what most sets him apart is that he’s built his firm into a national practice by taking the maverick approach of going it alone instead of merging with an out-of-state rival.
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Barrister brewers

February 13, 2013
Marilyn Odendahl
Indiana University Robert H. McKinney School of Law graduates forgo legal careers to become craft beer makers in Indianapolis.
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Indiana law schools change curriculum to chart new course

February 13, 2013
Marilyn Odendahl
Like many of their educational colleagues across the country, Indiana law schools have been reviewing and rethinking the way they prepare their students for the legal profession.
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IU professor: Legal education in the US needs to change

February 13, 2013
Abigail Johnson Donohoo
In his "Blueprint for Change" research paper, Indiana University Maurer School of Law Professor William Henderson says the legal education system needs to change. He also offers a plan to transform legal education to better fit the changing legal marketplace.
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Sequestration would deepen staff cuts, chief judges warn

January 16, 2013
Dave Stafford
Federal courts that have squeezed staff as budgets shrank could be forced to furlough employees if Congress fails to avoid mandatory budget cuts that now are slated to take effect in March.
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Confronting shrinking interest rates

January 16, 2013
Kathleen McLaughlin
Investment strategists: Don't assume fixed-income means no risk
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Attorneys coping with more domestic violence cases

January 2, 2013
Marilyn Odendahl
Domestic violence has been increasing in recent years along with what family law attorneys are observing as more anger and more meanness.
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Hybrid office solutions giving attorneys new ways to practice

December 5, 2012
Marilyn Odendahl
Attorneys are opting out of the long-term commitment of buying and renting space for "virtual" offices they use a few times a month.
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