When Barack Obama was elected president two years ago, Washington law firm leaders — whatever their ideological persuasion — were all but singing “Happy Days are Here Again.”
After eight years of the Bush administration, with its deeply held suspicion of new government regulations, here was a president and a Democratic Congress that spoke of a more expansive government and stricter industry oversight. From a Washington lawyer’s point of view, “Change we can believe in” sounded a lot like “Change we can bill for.”
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