Law firms have suddenly woken up to the importance of a presence in Washington following recent legislation such as the Sarbanes-Oxley Act that affects their clients. But, writes Jan Harvey, the Wall Street firms still do not see it as a top priority
For corporate lawyers, the regulatory aspects of transactional work have always been something of a side issue: important, but unimpressive in bottom-line terms. As business has grown and globalised, that side issue increasingly has taken a central role.
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