Law firm Herbert Smith has rejigged its corporate recovery and restructuring teams to deal with the shockwaves following the credit crisis.

The firm has set up a team from its insolvency and dispute divisions to manage investors that have lost money, and companies that have collapsed due to funding problems, reports the Daily Telegraph.

'We have identified ways to help clients minimise the risks arising from the recent crisis, but the full extent of the problem has yet to emerge,' said Sonya Leydecker, the firm's global head of dispute resolution.

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