Flom’s leadership of Skadden Arps, the giant NY based corporate law firm, helped alter the shape of modern capitalism. Flom helped revitalize the market for corporate control as the investment banking world warmed up to the idea that they could and should help with hostile take overs. An era of significant change in management culture followed.

Joseph H. Flom, Pioneering Deal Lawyer, Dies at 87 – NYTimes.com.