Where Is the Capital of Capital Markets Practice?

Law firms heavy into capital markets certainly weren't the envy of the industry when finance took a nosedive last year. But now firms aren't afraid to say they have an interest in the area. At least two have come out in recent weeks to announce new capital markets practice groups. But while some firms are banking on the entrepreneurial spirit of the investment bankers who may be looking to create new products, others are focusing their efforts on the regulatory scene in Washington.