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Smaller Law Firms Catch a Break in Market Crisis
Investors burned by an estimated $230 billion in losses reported in recent months by many of the best-known Wall Street institutions are flocking to law firms that specialize in suing big financial houses. But because a number of large law firms are being conflicted out of a lot of the litigation, midsize and small firms are stepping in. And the exclusive focus on litigation at some small firms is a tremendous advantage in court, says Steve Kobre, a partner at 19-attorney Kobre & Kim.