Joseph Grundfest, the Clearinghouse's director, expects that the sort of "bet-your-life law firms", the ones "dedicated to the legal equivalent of brain surgery" will keep their clientele intact.

该结算所主任约瑟夫•格朗得费斯特（Joseph Grundfest）预计，那些“以命相赌的律所”，也即“致力于做法律层面的脑外科手术”的律所仍会保有其原来客户。

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But Joseph Grundfest, a professor of law and business at Stanford University, says the commission doesn't pursue such firms very aggressively.

NPR: Madoff Was Magnet For Some, Not All, Investors

FD, according to an analysis by Stanford University law professor Joseph Grundfest.

WSJ: Earnings Not Yet a Viral Sensation

For whatever reason, the decline was likely permanent--so said Joseph Grundfest, a Stanford Law School professor and expert on securities class actions, last year.

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