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Pandemic Accelerates Demand for Health Care Restructuring Lawyers
The demand for restructuring legal work in the health care sector is going nowhere but up, according to lawyers such as Frank Terzo, a partner at Nelson Mullins Riley & Scarborough.
"There's going to be a lot of shakeup in the next couple of years," says Terzo, a bankruptcy litigator.
When the pandemic hit, cash-strapped hospitals, clinics and other health care providers that struggled for years with declining Medicare reimbursement and lower patient volume faced even more financial pressure from postponed elective procedures and routine medical care. Now, some lawyers at large and midsize law firms report they are advising more clients tied to troubled health care companies.
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