According to PR Newswire, fifteen attorneys have spun off from LeClair Ryan to open the new specialized practice of Murphy & McGonigle.  The new firm will exclusively represent a number of public companies involved in the finance sector as well as their directors.  Suits and government investigations against companies that were allegedly involved in the financial industry collapse are multiplying and Murphy is ready to capitalize on it with its crack team of former SEC attorneys who understand the ins and outs of the industry and the law.  The firm also boasts a cutting edge litigation support department dedicated to such litigation facets as e-discovery.

Murphy represents a trend in recent legal practice start ups, in which firms are tailored to serve specific current economic and regulatory issues.