Today these firms are advising investors regarding a host of legal, ethicaland operational mutual fund issues that they are simply unqualified to comment upon.
Indeed, due to just such ethicaland possibly legalissues as well, my guess is that if the option ever came up, most Legal Departments would advise steering clear of the whole morass to begin with.
However, when these securities class action law firms pay lawyers who represent pensions hefty referral fees (which may or may not be disclosed to the fund-client) that DOES raise some very serious ethicaland possibly legalissues.
And obviously, if the new job you are seeking is with a major competitor, then certainly ethicalissues will arise and even legalissues around conflict of interest.