Enron Scandal Ensnares Law Firms Too

Law360, New York (January 27, 2006, 12:00 AM EST) -- When energy giant Enron collapsed, no one was surprised to see the company, its executives, its accounting firm and its underwriters named in a torrent of lawsuits.

But law firms--most prominently Vinson & Elkins, Kirkland & Ellis and Millbank Tweed—have cleverly avoided blame in the scandal that is now taking center stage with the trial of former Enron executives Kenneth Lay and Jeffrey Skilling.

“Lawyers caught a break in the whirlwind of publicity following Enron’s bankruptcy filing, probably because what Arthur Anderson did looked so bad,”...
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