As Demand Languishes, Bankruptcy Practices Market Their Services to Distressed Companies | The American Lawyer – Law.com

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ANALYSIS
Practice leaders are using the historic Chapter 11 slowdown to form teams around the companies and sectors most likely to go bankrupt by 2023.
January 13, 2022 at 02:10 PM
6 minute read
Bankruptcy
Reporter
While most of the Am Law 100 reveled in a year of M&A and real estate-driven profits, spare a thought for the bankruptcy lawyers, who didn’t have such a great 2021.
Commercial Chapter 11 bankruptcy filings fell by nearly 50% last year compared to 2020, according to legal data firm Epiq Global. Relatedly, bankruptcy practices saw their demand shrink by 7.8% versus 2020, a recent Thomson Reuters report stated.

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