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PoGo-Bryan Cave deal showed that the South a hot region
The South was a desirable destination for law firms looking to merge and expand in 2008, according to Altman Weil's latest MergerLine report. Of the mergers announced last year, 44 percent involved at least one law firm based in the South, said Altman Weil principal Thomas Clay. The number of mergers nationwide was up in 2008 compared with the previous year, likely due in part to the ailing economy.The Bankruptcy Files: I-Banks, Consulting Firms, Bowling, and Poultry
Federal business bankruptcy filings have fallen to their lowest levels since 2008, and one large debtor in Eastman Kodak and its lawyers from Sullivan & Cromwell are poised to exit Chapter 11 proceedings. Several recent notable filings have nonetheless landed roles for such Am Law 100 firms as Kirkland & Ellis, McGuireWoods, Reed Smith, and Ropes & Gray, while other restructuring pros see the looming fiscal cliff as potentially generating an avalanche of new bankruptcy cases.Trending Stories
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