Bankruptcy work has been busier in some sectors than others in recent years, namely energy and retail. And that’s good news for Texas firms, which continue to add lawyers in this practice area.
Firms are noticing the uptick in bankruptcy work in Texas, according to a recent report, written by Altman Weil principal Eric Seeger after he talked in late summer with managing partners or COOs of 30 firms with up to 350 lawyers. “A number of firms said they had geared up for an onslaught of bankruptcy work that so far has failed to materialize—except in Texas, where all firms are busy with new bankruptcies,” Seeger wrote.
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