Overlawyered: Chronicling The High Cost Of Our Legal System

Come to Brooklyn, the suing’s fine

Here’s the top elected official in Brooklyn promoting one of his borough’s few truly prosperous industries: “If you like white-shoe law firms, stay in Manhattan,” said Brooklyn’s borough president Marty Markowitz, who attended the bank’s grand opening. “But if you’re looking for the biggest settlement, come to Brooklyn.” “The bank” in this case is Esquire […]

Here’s the top elected official in Brooklyn promoting one of his borough’s few truly prosperous industries:

“If you like white-shoe law firms, stay in Manhattan,” said Brooklyn’s borough president Marty Markowitz, who attended the bank’s grand opening. “But if you’re looking for the biggest settlement, come to Brooklyn.”

“The bank” in this case is Esquire Bank, which as Peter Lattman of the WSJ law blog explains (Oct. 10):

[claims] to be the first bank in the country to specialize in serving trial lawyers. It’s located on Court Street in Brooklyn’s judicial epicenter. To some folks in these parts, a “Court Street lawyer” has the pejorative connotation of an ambulance-chasing, personal injury attorney.

Another highlight of Lattman’s account: a quote from an attorney who operates the website moneyforpain.com.

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One Comment

  • I wonder… will this bank have to deal with a higher-than-average rate of nuisance lawsuits? Or do attorneys follow the principle of “don’t foul your own nest”?