Wachtell Lipton Rosen & Katz founding partner Martin Lipton has predicted that a full economic recovery from the current financial crisis could take between three and five years.
In a seminar at New York University School of Law on Thursday (23 October), a panel made up of Lipton, retired Goldman Sachs chairman Stephen Friedman (current chairman of the Federal Reserve Bank of New York) and Joseph Rice, the founder and chairman of New York-based private equity firm Clayton Dubilier & Rice, spoke about the current global economic crisis and offered predictions on what the future might hold for both lawyers and businesses.
