Financial Times FT.com

Time of trial for top law firms

By Julie MacIntosh

Published: January 8 2009 02:00 | Last updated: January 8 2009 02:00

Corporate lawyers enjoyed a rare moment in the sun last year, as the imploding financial markets turned their skills with legal contracts into Wall Street's weapon of choice.

Law firms were forced to get creative as banks scrambled to find novel ways to raise capital, dozens of parties sued each other over broken deals, and others wielded air-tight contracts as blunt instruments in order to get things done.

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