Perspective
Jul. 21, 2009
How Did It All Happen?
Given the economic crisis and the high operational costs of many big law firms, banks are understandably nervous about their exposures to these limited liability entities, writes Edwin B. Reeser.
Heller, Thelen, PoGo, Thacher, Morgan & Finnegan, Wolf Block in just the past few months.
Brobeck, Coudert, Graham & James, Altheimer and others in the last few years. A fistful more to come.
Reminds one of Clint Eastwood's spaghetti westerns: "For a Fistful of Law Firms" and "For a Few Law Firms More." Stacking up the bodies of businesses, which truly were paragons of success and...
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