Financial industry lawyers who in the past may have opted for in-house positions at a company like Bear Stearns for lifestyle and work environment benefits are now turning to the job security offered by law firms.
Many refugees from Bear Stearns have landed at law firms, including Bingham McCutchen, Venable, Weil Gotshal & Manges, K&L Gates and Katten Muchin Rosenman. With Lehman Brothers filing for bankruptcy and Merrill Lynch being swallowed by Bank of America, there’s likely to be more lawyers in the field looking for safe jobs in what has become a volatile industry sector.
