AP – For public companies, investigations of possible stock-option backdating have become a huge headache. But for big law firms, they’re the latest full employment act, generating hour after billable hour of work across practice areas, from tax and executive compensation to securities and white-collar defense.
Big law firms have traditionally tilted their practices to capitalize on the business topic of the day, from the M&A wave in the 1980s to the post-Enron and WorldCom bankruptcy boom. But the backdating scandal “is fairly unique in its complexity and scope and how many clients it touches and how serious and important it is to them,” says Jim Barrall, chairman of the executive compensation practice at Latham & Watkins, one of the nation’s largest firms.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
