The legal industry has been preparing for years for an uptick in restructuring work. The coronavirus pandemic has quickly turned all that anticipation into reality—and enormous revenue.
Recent prefiling fee statements in some of the spring’s biggest Chapter 11 bankruptcies show that some Am Law 100 firms stand to gain tens of millions of dollars each for their work with Neiman Marcus, J. Crew and other retail restructurings as hourly billing rates rise at the associate, counsel and partner ranks.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]