Early spring is traditionally a time when money is front and centre. The federal and provincial governments release their budgets, companies issue annual reports and prepare first-quarter numbers and law firms pay partners their previous year’s profits.
When it comes to examining the business of law, the media often places too much emphasis and focus on Big Law and metrics that apply more to Bay Street or Wall Street than main street.
With a flurry of elections that has seen the end of long-standing governments in Ontario and Alberta and shifts in policy, combined with the federal government’s inability to move forward on any major energy infrastructure projects, the risk is real.
Ask Bruce Karn what is keeping him busy these days and the senior legal counsel at construction giant EllisDon will say it is the pending changes to Ontario’s Construction Lien Act.
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