AmLaw notes that Wall Street Bailout Could Enhance, Expand Role of Law Firms.While Congress mulls the merits of a proposed $700 billion plan to prevent a wider economic meltdown, many are wondering what the calls for more regulation and increased transparency mean for corporate governance. Alfred Carlton, Jr., a partner at Raleigh's Allen and Pinnix and a past president of the American Bar Association, says it could lead to an expanded role for lawyers.
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