Preserving the environment is proving to be a profitable venture for lawyers.
In the past few weeks, I’ve encountered several announcements from law firms stating that they are forming new businesses dedicated to untangling the intricacies of the carbon market.
Cincinnati-based Thompson Hine formed last week its new Climate Change and Sustainable Business Solutions group while in May, Washington D.C.-based Sullivan & Worcester also formed its Climate Change Group to address a variety of business, legal and risk-management issues arising from the global need to preserve and protect the environment.
With new and emerging emission schemes and cap-and-trade carbon policies around the world, lawyers will definitely be handy especially for major energy-intensive global corporations. For research and developments, who else can defend somebody’s green patents except lawyers?!?