The Wall Street Journal (subscription required) has two very interesting op-eds today:
Douglas McCollam has an op-ed entitled “Legal Ease” which discusses how lawyers have “sailed through the current economic chop with little more than a touch of sea sickness,” largely due to Sarbanes-Oxley. The article states:
Perhaps no single act has done more for the bottom line of the legal profession than last year’s passage of the Sarbanes-Oxley corporate reform act. In the year since the law took effect, every firm with a coffee maker and a receptionist in the lobby has created a Sarbanes practice group dedicated to scaring the bejeezus out of corporate clients about the dangers of noncompliance. A study conducted by the law firm of Foley & Lardner showed legal fees at public companies shot up 91% last year as executives coped with night sweats created by the new law.
The Journal also has this humorous op-ed entitled “Where’s Moses?” about the ACLU’s push to locate a missing Ten Commandments monument which was discussed in this article for the Salt Lake Tribune–“Utah ACLU Hopes To Find Religion” and also mentioned at How Appealing here last week.