The phone was ringing off the hook. Over the last few months, Karen Garrett, a Bryan Cave regulatory specialist, was fielding calls on an almost daily basis from lawyers across her firm seeking advice on issues related to bank collapses. It soon became clear the firm needed a group devoted to just that.
Working with John Boyle, head of the firm’s client service group, Garrett put together a roster of firm clients in need of such a practice. This week, Bryan Cave officially launched its distressed financial institution practice. It’s the latest in a string of similar launches by Am Law 100 and 200 firms, including Andrews Kurth and Thacher Proffitt & Wood, which both opened distressed assets groups in March.
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