Cravath has extensive experience in representing accounting firms, investment banks, law firms, consulting firms, actuaries and other professionals. Our Firm’s professional liability practice includes litigation as well as investigations and regulatory enforcement matters. Securities class actions are one area in which professionals face exposure, and our professional liability practice draws here on the strengths of the Firm’s securities litigation practice. Increasingly, however, professionals are being sued directly by clients or former clients—such as lawsuits by trustees or other representatives of bankrupt corporations, or by regulators or others serving as receivers or liquidators of insolvent companies. Cravath has substantial experience in defending such lawsuits, which can involve claims of professional malpractice, breach of contract, fraud, aiding and abetting breach of fiduciary duty and other federal and state-law causes of action.