In Madoff, BigLaw Sees Christmas Future
Bernard Madoff left coal in the stockings of countless investors. But some large law firms are seeing their Christmas future in the fallout from this modern day Scrooge. So much legal work is likely to result from Madoff's bilking of billions that law firms are repackaging themselves in hopes of putting turkey on the table after all.
As Carolyn Elefant first reported here last week, Holland & Knight made Madoff a practice area unto himself, forming a Madoff Advisory Group "to assist clients with strategies concerning any losses sustained." Since then, several others have followed suit. At Securities Docket, Bruce Carton has been keeping score of the Madoff practice group launches. His tally is up to nine. In addition to Holland & Knight, there is:
No doubt, the list will continue to grow. Check back here and at Securities Docket for updates.
Posted by Robert J. Ambrogi on December 23, 2008 at 11:11 AM | Permalink
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