The Lawyers Always Win in the End
Who stands to make a fortune from the Bernie Madoff mess? The lawyers, of course. Just a few of the firms currently involved in one way or another: Proskauer Rose, which is advising dozens of former Madoff clients; Paul, Weiss which was retained by Madoff's sons, Mark and Andrew; Dechert, the firm defending Madoff pal Ezra Merkin; and Simpson Thacher, which is now advising Walter Noel's Fairfield Greenwich Group. [Bloomberg, previously]