In the article, attorneys were asked what areas at their firm are emerging as opportunities, where there is decline and how the firm is faring overall.
Goldsmith answered, "Certainly all major law firms are facing challenges from the economy. We are proactively taking steps to manage our own expenses and stick to our budgets. Our goal, first and foremost, is to continue delivering value to our clients by providing top-notch legal counsel and regulatory advice as efficiently and effectively as possible. As a full-service law firm, we are able to expand certain practices while others might contract during recessionary periods. For example, we have an extraordinary group of bankruptcy and creditors rights' lawyers who are able to represent clients that have been adversely affected in this downturn, either directly or in their capacity as creditors of troubled companies. This also enables our transaction lawyers to remain busy despite the lack of activity in the capital markets."