Word: legalism
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Dates: during 1980-1989
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...City- based magazine says Americans last year sank $47.25 billion, or more than 1% of total GNP, into sports. That puts sports just below the $49.5 billion motor vehicles industry but well ahead of the $38.9 billion U.S. petroleum and coal business. The GNSP includes estimates of spending on legal sports betting ($2.7 billion), ski lessons, rentals and lift tickets ($1.13 billion) and purchases of baseball and other trading cards ($200 million...
Switzerland eventually released some of the documents to the U.S., but bitterness over the affair helped lead to the new memorandum. In it, Switzerland agreed to speed up the legal help it offers the U.S., while Washington pledged not to use "extraterritorial power," as in Rich's case...
...Professor Robert Gordon. "Now it's just acting like one." Some of the changes are of consequence mostly to lawyers, who can no longer count on the clubbiness of the past. But there are wider implications too. Not quite a calling, but more than a business, can a legal profession driven by market forces fulfill its role of tempering free enterprise through the counsels...
...rainmakers," the partners most adept at bringing in clients. Some reportedly reaped better than $1 million a year, while others drew a tenth of that. Finley, Kumble called its system a meritocracy, where compensation was based on value to the firm. Critics say it rewarded salesmanship instead of legal skill, while raising costs to the breaking point...
...They treated me like a brother, a member of the family," said Gene Dixon, a freed legal technician...