Wall Street Crisis To Test Mettle Of Law Firms

Law360, New York (September 29, 2008, 12:00 AM EDT) -- 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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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.