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With more private credit deals leading to more private credit restructuring, Big Law firms that were entrenched with institutional lenders are poised to lose market share if they can't keep up with the shift. The growing emphasis on private credit has already fueled lateral movement—Paul Hastings poached an 11-partner private credit group from King & Spalding in June—but practitioners note that success in private credit restructuring has to do with a lot more than lateral hiring within the practice.

Legal Services - Large Law

August 19, 2024, 10:00 AM