A theory of electronic Raman scattering in nearly antiferromagnetic Fermi l
iquids is constructed using the phenomenological electron-electron interact
ion introduced by Millis, Monien, and Pines. The role of "hot spots" and th
eir resulting signatures in the channel dependent Raman spectra is highligh
ted, and different scaling regimes are addressed. The effects of self-consi
stency and vertex corrections are compared to a perturbative treatment of t
he interaction. The theory is then compared to Raman spectra taken in the n
ormal state of cuprate superconductors, and it is shown that many features
of the symmetry-dependent spectra can be explained by the theory. Remaining
questions are addressed. [S0163-1829(99)04109-0].