A story in the National Law Journal says that the end-of-year cliffhanger resolution of the fiscal cliff crisis was good for legal business, and that the unresolved issues present further opportunities for legal business:
Firms benefited from the lack of a resolution and the possibility of a failure to reach a deal in Washington—which could have led to significant, mandated tax hikes and spending cuts. As talks picked up steam, corporations worried about how to proceed as 2012 drew to a close caused a flood of activity for law offices preparing clients for various contingencies.
