In Confusion There is Opportunity

Whether this is a fragment of ancient wisdom or merely a line from the 1959 episode “Operation Petticoat” I have never been able to establish, but it was never truer than now.

Eleven major firms have established practice groups focusing on the economic crisis.  Richmond, Va.-based LeClairRyan, Boston-based Foley Hoag, Tampa, Fla.-based Carlton Fields and Akron, Ohio-based Roetzel & Andress, Washington-based Patton Boggs, Houston-based Bracewell & Giuliani and several other firms have announced practice groups with names including “crisis,” “restructuring” and “recovery” focusing on the opportunities presented by the credit crunch.

Like the rest of us, clients are struggling to figure out what the $700 billion Emergency Economic Stabilization Behave means to Them.