http://www.nytimes.com/2007/04/20/business/20hedge.html?ref=business

The good times are back. 

Growing hedge funds have led to a rise in shareholder activism and proxy
fights to keep the law firms happy.  The M&A practitioners, and lawyers into long-term fund building, have responded to the new scenario by changing their approach to hedge fund practice.

In the beginning of the resurging wave of proxy fights, firms like Akin Gump Strauss Haure & Feld, or Schulte Roth were having the party all by themselves, but many firms in other areas of corporate finance practice refused to be left out of the fun, and have made the party merrier since then.  Firms like Sullivan & Cromwell; Skadden, Arps, Slate, Meagher & Flom; Willkie Farr & Gallagher and Sidley Austin are a few of those who have started moving into the practice related to hedge funds.

Firms which previously viewed hedge fund practice to be beneath their status have radically altered their attitude since the hedges began turning golden.  They have embraced hedge-fund practice with a passion and seriousness that totally conceals their previous attitude.  The same people, who shunned hedge-fund practice, now praise it for being steady work, and a dependable source of revenue.  I guess it’s true-Money rules the world!  People will go back on their word if it means they can make a buck or two or a million!  I’d change my attitude at the snap of a finger too  if I could make all that money for it.