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Corporate Law Firms See Dark Days Ahead

New York Law Journal

September 16, 2008

The nation's top law firms are facing an uncertain new landscape following the demise of two of Wall Street's biggest and most established investment banks. The bankruptcy of Lehman Brothers and the announced acquisition of Merrill Lynch & Co. by Bank of America will no doubt produce a flurry of legal activity. In particular, Lehman's massive filing, involving some $600 billion in debt, will keep scores of lawyers occupied for years to come.

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