One can only speculate the extent to which bad legal advice or the ethical lapses of lawyers have contributed to the seemingly endless string of cases of corporate corruption.

The judge in the 1980s Lincoln Savings and Loan case, which involved blatant violations of banking laws by bank executives, not surprisingly asked, “Where were the professionals?” That question comes to mind when assessing the current spate of corporate scandals in which more than 100 corporations are being investigated for backdating stock options.