Posted Apr 25, 2007 12:58 pm CDT
Law firms representing subprime mortgage lenders will see a boost in business as they help with bankruptcy filings and fend off government investigations and class action lawsuits, the National Law Journal reports.
One firm, Pillsbury Winthrop Shaw Pittman, has announced formation of a new practice group to handle the legal issues.
“We’re seeing this hit across multiple practice areas,” Jerry Biederman of Neal, Gerber & Eisenberg in Chicago told the NLJ. This is the start of “a whole panoply of subprime-related legal issues.”