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Smart in-house leaders are preparing for the next economic downturn. And a big part of that prep work should include maintaining corporate financial records and putting together a solid strategy for financial restructuring.

A new survey of nearly 400 in-house counsel from a broad range of companies found that legal department leaders consider poor strategizing and sloppy record-keeping to be the top two risks that could wreck a financial restructuring effort. 

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Phillip Bantz

Phillip Bantz is a reporter for Corporate Counsel. Follow him on Twitter @PhillipBantz.

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