What does the possibility of a Chapter 11 filing by General Motors mean for law firms that depend on Detroit's business? The big question for law firms is which will be left standing in the wake of "massive consolidation," says one law firm CEO, adding that, in the meantime, the turmoil creates a lot of legal work. Another CEO notes that the auto industry downturn has existed for the past several years. "Right now we're just trying to stay the course."
Detroit Firm Leaders Don't Fear Being Driven off the Road
The American Lawyer
November 14, 2008