For lawyers who work on private equity deals or mortgage-backed securities, business fears due to the subprime crisis may be well justified. The total values of private-label mortgage securitization issuances and private equity deals have been sinking rapidly, meaning some attorneys may be in for a tough year. But where structured finance and private equity lawyers might find themselves struggling to meet their billable hours targets, litigators might be in high demand by financial companies.
Subprime Crisis and Deals Drop Could Mean Tough Times for Some Lawyers
The American Lawyer
October 15, 2007