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04/09/08
What do climate change lawyers do? They mainly advise companies on navigating emissions-cap issues and disputes arising from those emission limits. This can involve many disparate interests, from tax, energy, and environmental law to, increasingly, litigation.
It's increasingly profitable too.
Latham & Watkins's climate change group generates "serious revenue." Laws such as California's Global Warming Solutions Act and, of course, the Kyoto Protocol affect companies. Kyoto, especially, affects US companies that have overseas operations. This is likely to be a windfall for regulatory lawyers, as well as corporate defense lawyers tasked with defending the inevitable shortcomings of companies that cannot change fast enough to keep up with the ever-increasing laws.
What it all means is more
work for the legal industry. So if you are a lawyer looking to keep up, bone up on your environmental law — chances are it will come in handy.
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