Firms Scramble to Create 'Crisis' Groups

From lining up fat deals with easy credit to helping clients survive

, The National Law Journal

Law firms with banking and finance practices that were recently making deals with free-flowing credit are now scrambling to launch new groups to help clients simply survive the credit crisis. The ripples of collapsing financial institutions are already reaching areas such as white-collar crime, banking, securities and transactions. "Anyone who says they know where this is going is full of baloney," says Bracewell & Giuliani Chairman Pat Oxford, who is heading the firm's new financial industry task force.