Last week, The BLT told you about the special services that firms such as Akin Gump Strauss Hauer & Feld, McGuireWoods, Arnold & Porter, Covington & Burling, Sonnenschein Nath & Rosenthal, Hogan & Hartson, and Wilmer Cutler Pickering Hale and Dorr are offering to clients dealing with the financial crisis.
Now you can add Fried, Frank, Harris, Shriver & Jacobson to that list. The firm announced today the formation of its financial services task force, which is made up of senior lawyers from the banking, bankruptcy and restructuring, corporate, government contracts, litigation, real estate, and securities practices. The group plans to host the first of a series of roundtable briefings for clients this Wednesday. The discussion will focus on private equity investments in banks, Federal Deposit Insurance Corporation receivership opportunities and risks, and the federal rescues of government sponsored enterprises and financial services companies.
“The financial services sector has undergone in a matter of weeks what might have otherwise taken decades to unfold, and those of us who serve it must change with it to help our clients efficiently and effectively address the complex challenges before them,” said Thomas Vartanian, corporate partner and head of the firm’s banking and financial institutions practice, in a press release.
K&L Gates is also in on the trend. It just announced the formation of a global financial markets group aimed at advising clients on analyzing and dealing with issues stemming from the ongoing economic crisis. According to a press release, the group is representing clients in numerous litigation, regulatory, and government enforcement matters.
“The transformation of the financial industry and markets is unprecedented and developments are occurring rapidly. This initiative has helped us meet client demands during these challenging times,” said Peter Kalis, chairman and global managing partner of K&L Gates, in the press release.