"It wouldn't be wise to make decisions about growth based on current market thinking because it's going to change," Sidley Austin restructuring partner Tom Califano said.
October 14, 2021 at 09:00 PM
4 minute read
After a year filled with filings, commercial Chapter 11 bankruptcies fell off a cliff in 2021, causing bankruptcy lawyers to work on out-of-court restructurings or pivot to practices with overlapping skills such as real estate and commercial litigation.
But the Chapter 11 slowdown, which started last winter and bottomed out this spring and summer, hasn’t stifled the lateral market for experienced bankruptcy partners.
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