Financial industry attorneys who in the past may have gone in-house for lifestyle and work environment benefits are now turning to the job security offered by law firms. Many Bear Steans refugees have landed at firms, such as former lead equity group attorney Gary Distell, who says with a chuckle: "Being at a law firm and being paid in cash is somewhat attractive." And with Lehman filing for bankruptcy and Merrill Lynch being swallowed by Bank of America, more attorneys may be looking for a safe haven.
Attorneys Seek Law Firms as Safe Ports From the Wall Street Storm
The National Law Journal
September 22, 2008