As of late, a lot of the work of MoFo's cleantech group has been on behalf of acquirers of unfinished renewable energy development projects which are being sold very cheaply, Mac Cormac said. A solar energy company may not be able to complete all of its power generation projects, which are very capital-intensive, and there is a great deal of investor interest in those unfinished sites.
MoFo also has about 100 patent lawyers that are doing lots of clean technology work with companies that would never be able to get funded right now. "Lower Manhattan can be underwater, and yet the world still can't speak intelligently about climate change," Mac Cormac said. At some point, likely sooner than later, these companies will come back in vogue, she said.