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The Bankruptcy StrategistFeaturesBankruptcyLaw Firm Profitability

So Far In 2024, Law Firms Are Using Bankruptcy As a Springboard for Profit

By Andrew Maloney
April 01, 2024

With broad hopes for countercyclical consistency and a nearly 120% uptick in Chapter 11 filings in February specifically, law firms seem ready to use restructuring work as a significant plank in a profitable 2024.

Indeed, several Big Law firms, including Seyfarth Shaw and Morrison Foerster, as well as midsize firm Selendy Gay, have announced bankruptcy and restructuring additions recently, with some of the latest additions coming at Clifford Chance.

The London-based firm announced that Brian J. Lohan and Maja Zerjal Fink had joined the global restructuring and insolvency team in New York from Arnold & Porter, bringing with them a practice that covers all aspects of corporate reorganizations, distressed situations and bankruptcy proceedings in both the U.S. and internationally.

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