Small Firm of BigLaw Refugees Handles Credit-Crisis Legal Issues
A boutique law firm of BigLaw refugees has plenty of work on its hands handling the fallout from the credit crisis.
Lawyer Gregory Joseph formed his own law firm in 2001, and it has since grown to about 15 lawyers, the National Law Journal reports. Joseph had overseen the litigation group at Fried, Frank, Harris, Shriver & Jacobson when he left to form the Gregory P. Joseph Law Offices with six other lawyers.
Now Joseph is able to accept clients that large law firms have to turn down because of conflicts with existing clients. His firm focuses on complex financial transactions, including “a veritable chocolate box” of issues arising from the economic crisis, the NLJ says.
Will Joseph’s firm run out of business as society learns its lessons? “Ha!” he tells the NLJ reporter who raised the enlightenment issue. “What we [as a society] learn is what not to do, which arises in a specific fact context, and we always manage to do something in another fact-specific context.”
