The only good lawyer is a transaction lawyer

I didn’t say it—a leading corporate law professor did—but I can’t deny that I share the sentiment. Especially when I read articles like this: Litigators ruin pretty much everything – ProfessorBainbridge.com.

Did I mention I’m a transaction lawyer? To quote my favorite New Yorker cartoon: “I am a member of the legal profession, but I’m not a lawyer in the pejorative sense.”

New-home sales: 2010 worst year on record

New-home sales in the U.S. were up 17.5% in December, but 2010 was still the worst year on record for the homebuilding industry. For the entire year, approximately 321,000 new homes were sold—the lowest number since 1963, and 14% below 2009. The December surge is attributed, in part, to a homebuyer tax credit in California.

See Home builders saw weak sales in 2010 – WSJ.com.