Around the nation there are law firms with tech practices. Some are doing work for startups and even more established tech entities for a piece of the action. Mostly that means equity. Well, they might re-think that mode of compensation.
If hedge fund player David Einhorn is on the money, the current high estimates of the value of tech enterprises could come crashing down. Head of Greenlight Capital, Einhorn views what is going on as the second tech bubble. Many of us remember when the dot.coms went into free fall. Here is Bloomberg coverage of Einhorn's thinking. He had called the implosion of Lehman Brothers right.
Already, the Nasdaq Composite Index has been in decline. It is down about 4.5% since the beginning of March.