How Jr. Mining's Cash Crunch Will Hit Lawyers the Hardest, and Why It Matters for Canada

Benjamin Cox |

Benjamin touches on the recent news that the law firm Heenan Blaikie LLP will be going out of business. Pointing out that lawyers cannot easily turn down their burn-rate (like brokers can), Benjamin concludes that we are going to see more and more law firms shrinking as the current capital crisis continues in the junior metals & mining space.



In general, all service companies will likely have a hard time staying in business. Lawyers, though, are in for the hardest time, due to the fact that one lawyer can now do the work of ten. As these services companies go out of business, it will be bad not only for the metals & mining industry, but also for the general Canadian economy and its overall ability to survive.

 

 

 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
BCTE Big Cat Energy Corp n/a n/a n/a n/a

Comments

Emerging Growth

NABUfit Global Inc

NABUfit Global Inc develops online fitness portal and a mobile app with the option of connecting existing and future monitoring devices (wearables etc.).

Private Markets

D-Wave

D-Wave Systems is the first quantum computing company. Its mission is to integrate new discoveries in physics, engineering, manufacturing, and computer science into breakthrough approaches to computation to help solve…

Santo Diablo Mezcal

Santo Diablo Mezcal has been created to capitalize on a boom sector of the beverage market currently full of many small unmemorable products by producing one sexy, household, easily recognizable…