At least the General Motors asset sell-off is netting some transactional work for Detroit law firms that have long depended on the auto industry for billable hours.
One of those Detroit heavies, Honigman Miller Schwartz & Cohn, advised General Motors on its deal to sell the Hummer brand to a Chinese investment vehicle. The deal, signed on Friday, requires the approval of at least three different Chinese state regulators, according to Reuters.
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