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In the late 1990s, shrewd law firm managers deepened their litigation, bankruptcy and white collar crime practices in hopes of capturing business during an anticipated economic downturn. Now, many of D.C.'s biggest firms are preparing for a transactional comeback, hanging on to corporate lawyers despite low billables and even starting to hunt for laterals. Others are honing in on European regulatory work or arbitration. What they all agree on, though, is the necessity of preparing for cyclical shifts.
August 14, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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