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Headline: Easing the pain through partnership Source: Euromoney Date: September 2001 Author: Adrian Preston In an economic downturn, law firms specializing in financial business can ease the pain by establishing relations with their clients that are not strictly based on individual deals. The clients may also benefit. Of all those providing professional services, lawyers have often been the last to suffer in a downturn. Many actually do quite well when the economy looks ominous. Retooling for insolvency and restructuring work has served many firms that have found their previously booming corporate and capital markets practices underemployed in straitened economic circumstances. |
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