Wall Street Crisis To Test Mettle Of Law Firms

By Erin Marie Daly

Law360, New York (September 29, 2008, 12:00 AM ET) -- Law firms that follow the money trail will find a way to profit from the financial crisis. The problem is that few national firms have captains who can nimbly navigate 300,000-ton tankers through these stormy waters, say legal management consultants.

“There are two maxims to remember when you are dealing with lawyers,” said Lynn Mestel of Mestel & Co., a legal recruiting and attorney placement firm. “The first is lawyers follow the money. The second is law firms with good lawyers fail because of bad management....
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