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(Washington Post) — Washington-based Arent Fox, which like many law firms has been exploring how it can reshuffle practice areas and restructure in light of the economic downturn, is launching an insurance and reinsurance unit in New York.

Last month, the firm hired five lawyers for the unit that will litigate cases for and against insurance companies, represent the industry in regulatory matters before Congress and advise insurers on their own insurance and investments. The firm said it expects the unit to grow substantially in the future.

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