Lawyers Catch Merger Fever
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The wave of mergers, acquisitions and buyouts that has swept through America’s largest corporations has reached the country’s leading corporate law firms. The wave of mergers, acquisitions and buyouts that has swept through America’s largest corporations has reached the country’s leading corporate law firms. At a dizzying pace, large firms are gobbling up small specialty partnerships or hiring talent from the outside to form departments that concentrate on areas of rapid growth. Bankruptcy and real estate law are particularly hot areas. As their clients enter fields far removed from the traditional industrial base of American corporations, large firms are diversifying as well. Whether it is a biotechnology division that specializes in patent problems or a white-collar crime unit, the staid giants of business law are adding departments never envisioned a decade ago. Catering to ‘Product Lines’ ”There is a great interest in creating in-firm boutiques for particular product lines, the way Macy’s does with clothes,” said Stephen Gillers, a professor at the New York University School of Law. more : query.nytimes.com |