While most of the Am Law 100 reveled in a year of M&A and real estate-driven profits, spare a thought for the bankruptcy lawyers, who didn’t have such a great 2021.

Commercial Chapter 11 bankruptcy filings fell by nearly 50% last year compared to 2020, according to legal data firm Epiq Global. Relatedly, bankruptcy practices saw their demand shrink by 7.8% versus 2020, a recent Thomson Reuters report stated.