Alan S. Kaplinsky, Chair of Ballard Spahr's Consumer Financial Services Group, said the firm's practice did very well during the recession because it has a combination of both litigation and regulatory experience. Now that the economy is improving, the regulatory changes enacted through the Dodd-Frank Act, along with the new Consumer Financial Protection Bureau, will keep consumer finance lawyers busy for the next decade, he said.

"Unfortunately for my clients, the banks, because of the new agency getting up and running and creating a whole bunch of new rules … that is going to lead to more litigation," Mr. Kaplinsky said.