Political Economy - Lawyers in gold rush to defend companies caught in foreclosure crisis: "Lawyers in gold rush to defend companies caught in foreclosure crisis
The foreclosure crisis has been bad for banks and bad for the federal government (which is in the awkward position of having to explain why some of the companies it bailed out have found themselves in another mess). But it's been a boon to one group: lawyers.
Take this press release from Nixon Peabody that was released on Monday. The firm is expanding its mortgage finance and foreclosure section. With about 700 attorneys, it's one of the largest law firms in the world and represents such major corporations as"