Fewer businesses filed for bankruptcy protection during 2011 than the year before, reflecting a shift toward out-of-court restructurings using high-yield debt financing. Naturally, there were repercussions for the legal profession.
“What fewer filings mean is less work for bankruptcy lawyers,” said David Epstein, a professor at the University of Richmond School of Law. “It’s hard to reach any other conclusion than that.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
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]
