Law firms with banking and finance practices that were recently making deals with free-flowing credit are now scrambling to launch new groups to help clients simply survive the credit crisis. The ripples of collapsing financial institutions are already reaching areas such as white-collar crime, banking, securities and transactions. "Anyone who says they know where this is going is full of baloney," says Bracewell & Giuliani Chairman Pat Oxford, who is heading the firm's new financial industry task force.
October 07, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Law firms with banking and finance practices that were recently making deals with free-flowing credit are now scrambling to launch new practice groups to help clients simply survive the credit crisis.
“A year ago we were writing deals, figuring out how to grow businesses and expand products; now the markets are trying to figure out when the next shoe drops,” said Michael Missal, head of the global financial markets group that K&L Gates unveiled on Sept. 29 in Washington.
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