Given that The Am Law Daily can only cover so much news during the course of a week, we’ve compiled this handy digest of stories of interest for those who follow the legal beat and related subjects.

CLIFF-DIVING: A potential fall off the fiscal cliff might be good news for some lawyers, but what about the rest of us? The Economist and The Guardian examine what exactly heading over the precipice might mean for the United States, while also debunking some of the myths surrounding such a plunge.