Word: legalizations
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...same might be said of its stance toward corporate transparency. The Chamber successfully sued the Securities and Exchange Commission five years ago to block a requirement that 75% of mutual funds' boards be independent. And another legal battle seems likely to be brewing over the new SEC Commissioner's interest in pushing to allow shareholders to nominate independent members to corporate boards. "They will accept all kinds of stimulus funds and bailouts but God forbid we should ask for any kind of accountability in return," says Nell Minow, co-founder of Corporate Library, a corporate governance research firm...
...Kagan benefited from an environment far removed from today’s climate of precipitous endowment losses and spending curtailment. Minow faces the unenviable task of reconciling shrinking spending with a period of rapid, immense change in the legal industry that has altered the way law schools operate. As a result, some fear that as the school shrinks its budget, spectres of the school’s ideological battles of the past might resurface...
Minow says it was the idea of justice that first drew her to legal scholarship...
...This is obviously a turbulent time for legal markets across the board from large multinational law firms to public interest jobs, and also government jobs,” Minow said...
...result a movement has emerged at Harvard to reform the legal services industry at nearly every level—from the way associates are recruited to the way law firms bill and interact with their clients...