U.S. Retail Bankruptcies Skyrocket in 2016; Grim Outlook for the Industry
"The rate of Chapter 11 filings is often an indicator of an industry's health and that's bad news for retailers," said
The Deal's exclusive ranking covers the top
Some highlights from the report:
Latham & Watkins LLPclaimed the top spot for bankruptcy law firms by volume, with $90.2 billionin liabilities. Duane Morris LLPfollowed, with $70.9 billionin liabilities. Milbank, Tweed, Hadley & McCloy LLPranked third, with $58.9 billionin liabilities. Whiteford, Taylor & Preston LLPfollowed in fourth with $46 billionin liabilities and DLA Piperranked fifth with $44.7 billionin liabilities. Goodmans LLPclaimed the top spot for bankruptcy of Canadian law firms by volume, with $11.8 billionin liabilities. Borden Ladner Gervais LLPfollowed, with $11.6 billionin liabilities. Torys LLPranked third, with $10.4 billionin liabilities. Stikeman Elliott LLPfollowed in fourth with $10.1 billionin liabilities and Norton Rose Fulbright LLPranked fifth with $9.8 billionin liabilities.
- For investment banks by volume, Houlihan Lokey Inc. remained in the top spot, with
$118.2 billionin liabilities. Lazard Ltd. followed in second, with $83 billionin liabilities. Moelis & Co. LLCwas third, with $54.7 billionin liabilities. PJT Partners Inc. ranked fourth, with $34.8 billionin liabilities. Jefferies LLCrounded up the top five with $29.8 billionin liabilities.
- FTI Consulting Inc. claimed the top spot for Canadian bankruptcy monitors by volume with
$10.9 billion. PricewaterhouseCoopers Inc.followed with $8.3 billion. Ernst & Young Inc.came in third with $5.3 billion. Alvarez & Marsal LLCcame in fourth with $974 million. Richter Consulting Inc.came in fifth with $672.4 million.
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