With the stock markets falling and credit markets tightening, law firms across the United States are dealing with panicky clients and scrambling to form new practice groups focused on the economic crisis. "Clients are really looking to understand the terms of the Emergency Economic Stabilization Act," the $700 billion bailout package signed into law last week, said Paul Merolla, head of LeClairRyan's financial services practice group.
October 13, 2008 at 12:00 AM
1 minute read
Four more firms announced the formation of the new practice groups yesterday, bringing the total to at least 11.
Richmond, Va.-based LeClairRyan, Boston-based Foley Hoag, Tampa, Fla.-based Carlton Fields and Akron, Ohio-based Roetzel & Andress each announced creation of practice groups named with words like “crisis,” “restructuring” or “recovery.”
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