Mid-sized and small law firms that specialize in “banking and finance litigation” have significant opportunities to pick up work that would normally go to large law firms. The reason is that BigLaw may be conflicted out of these cases according to an article in the New York Lawyer pointing out that “BigLaw Conflicts Give Smaller Firms Big Role in Market Crisis.” (free subscription required). The article also appears in Law.com’s Small Firm Business.
A few of those smaller firms and who they represent include:
- Kobre & Kim (19 lawyers) – representing Deutsche Bank A.G., Fluxo-Cane Overseas Ltd (Brazilian cane exporter), Telinor Telefonia (Mexican telecom utility);
- Rich & Intelisano (4-lawyer plaintiffs’ firm) – claims related to Bear Stearns, and claims against Merrill Lynch & Co. and Morgan Stanley being arbitrated before FIRA; and
- Girard Gibbs (15 lawyers) – representing some German and French banks.
If your firm does some of this work, you might want to crank up your legal marketing efforts in that direction.