Features
St. John’s city review
- Where legal tradition and changing practices meet
Change is central to the practice of law, and perhaps nowhere has that change been as dramatically felt as in Canada’s youngest province. In the last few years, Newfoundland and Labrador has gone from being one of the country’s poorest provinces to one of its richest.
Sole practice lawyers and those from smaller offices may be feeling the pinch of the slowing economy, with many of the average fees they charge down from a year ago, according to Canadian Lawyer’s 2009 legal fees survey.
Cashing in on insolvency
- One lawyer describes the number of credit default swaps out there as 'the real evil.'
Big BD
- Online or face-to-face, relationship building is the key to enhancing business development.
The longtime, have-not province and economic weakling has developed into a powerhouse over the past few years, recently posting a $425-million annual surplus while most governments are drowning in deficit. At the same time, Saskatchewan continues to boast the lowest unemployment rate in the country at 5.2 per cent coupled with strong wage growth. Employment is forecast to grow by 8,000 jobs this year, or 1.6 per cent, the largest increase in the country. (Every other province except Manitoba is projected to lose jobs this year.) A year ago, Saskatchewan’s oil industry was flush with cash. Today, its potash sector is rolling in it.





