Released on: October 16, 2008, 5:21 am

Press Release Author: LawyerAhead Inc.

Industry: Law

Press Release Summary: The current financial crisis has had many casualties which
are resulting in a record number of litigations.

Press Release Body: Toronto, Canada-October 16th, 2008 - Current financial situation
has led many companies into worst case scenarios as increasing number of
organizations are now faced with a choice to either shut shop or borrow funds to
stay afloat. What many experts are calling the worst economic situation since the
great depression of the 1930s has caused many casualties across every sector and
industry.

With so many companies going down under, several investigations have been launched
to check the day to day operations of these companies. Even relations between
companies who had entered into mergers & acquisition pacts have gone sour. As a
result, there is a record number of litigations not just in the financial sector but
in other sectors like natural gas, oil, technology and so on. Of course one thing
that is common is that these litigations have their roots in the financial crisis in
Wall Street.

Leading legal networking sites like lawyerahead.com has seen an increase in user
activity since the current turmoil just began. Legal teams have been working
overtime and trying to attract outside help as well to come up with strategies and
tactics to address the issues facing their clients. Lawyers who are registered with
legal networking sites say that since the past month or so, the numbers of corporate
clients signing up on these networking sites are constantly going up. In fact
according to some reports, the share of the user base in legal networking sites
between general users and corporate users have almost become equal.

With no rest in sight in the financial instability of economies around the world,
legal networking sites will only see more and more activity from corporate clients,
lawyers and general users who have been caught up in a legal row due to the
unprecedented mess made by the Wall Street.



Web Site: http://www.lawyerahead.com

Contact Details: Tamia Johnson
LawyerAhead Inc.
176 Highglen Avenue
Toronto, Ontario
L3S1X4
Canada
pr@lawyerahead.com
www.lawyerahead.com (US)
www.lawyerahead.ca (Canada)
647-808-4447