The filings of bankruptcy by major corporations have attorneys running scared. Or at least running towards the safety of law firms instead of in-house jobs. Many of those affected by the wall street storm have already found their way into firms such as Weil, Gotshal & Manges; K&L Gates; Venable; Bingham McCutchen; and Katten Muchin Rosenman. Previously some thought it best to take in-house positions over those in law firms, to avoid the pressures of billable hours, long days, and the possibility of less flexibility. Now, the benefits of security and compensation are looking pretty good. Also, it makes sense that law firms are able to hold their heads above water during this economic downturn, by actually taking advantage of it. They represent the bankrupted.

Source: www.law.com