Firms Must Shift Focus To Weather European Debt Crisis

Law360, New York (November 29, 2011, 11:32 AM EST) -- Law firms with a large European footprint can expect transactional work to dry up in the months ahead, but these firms will be able to weather the storm if they shift gears to meet emerging demands for restructuring and litigation expertise stemming from the region's debt crisis.

European companies are becoming more reluctant to invest in real estate, businesses and infrastructure projects, as rising government debt levels and decreased financial stability make it harder for companies to obtain funds.

Law firms will face the biggest hit...
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