As subprime lenders get ready to confront a host of legal and financial challenges in the coming months, attorneys are preparing for growing workloads. Outside attorneys will be needed to help companies with corporate restructurings, asset sales and bankruptcy filings; guide them through state and federal government probes; and take on class actions by consumers, investors and employees. "We're seeing this hit across multiple practice areas," says Neal, Gerber & Eisenberg's Jerry Biederman.
Subprime Crash May Be a Boon to Attorneys
The National Law Journal
April 25, 2007