Who Gave Lawyers a Pass?

Document Type

Article

Publication Date

4-2002

ISSN

0015-6914

Publisher

Forbes

Language

en-US

Abstract

We know the usual suspects in the current wave of corporate scandals: accountants, greedy bosses, lackadaisical directors, the projections-for-hire analysts and institutional investors asleep at the switch. But a group's missing: lawyers. The dirty secret of the mess is that without lawyers few scandals would exist, and fewer still would last long enough to cause any real harm. Lawyers need to be regulated. No other legal reform enacted will do any good as long as there are no consequences to lawyers who bless anything a manager wants to do.

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