Big Law Builds Up Bankruptcy as Economic Slowdown Threatens

Economic downturns typically mean layoffs and cutbacks for companies, but for law firms involved in bankruptcy work, they can be a goldmine.

Many law firms have stepped up their efforts to build out their bankruptcy and restructuring practices as they anticipate plenty of this work if a projected economic downturn comes to pass.

The battle for bankruptcy talent is already heating up with some major lateral hires in the space over recent weeks.

These law firms are looking to find the right of balance of bankruptcy lawyers, and competition is tough, given a relatively small pool of talent and the ...