Chapter 11 Filings Continue To Soar For Retailers; Healthcare May Be Next
Latham & Watkins, Houlihan Lokey and FTI Consulting Claim the Top Spots among Related Advisory Firms
"Bankruptcy and restructuring attorneys and advisers were busy in the first quarter as the amount of Chapter 11 filings increased in each month with the retail industry leading the charge on petitions," said
The Deal's exclusive ranking covers the top U.S. firms involved in bankruptcy cases filed between January 1 and March 31, 2017.
Some highlights from the report:
- Latham & Watkins LLP claimed the top spot for bankruptcy law firms by volume, with $19.9 billion in liabilities. Skadden, Arps, Slate, Meagher & Flom LLP followed, with $16.5 billion in liabilities.
Weil, Gotshal & Manges LLPranked third, with just over $15 billion in liabilities. Duane Morris LLP ranked fourth with $13.1 billion in liabilities and Reed Smith LLP ranked fifth with $12.2 billion in liabilities.
- For investment banks by volume, Houlihan Lokey Inc. remained in the top spot, with $12.7 billion in liabilities. PJT Partners Inc. followed in second, with $9.9 billion in liabilities. Centerview Partners LLC was third, with $6.4 billion in liabilities. Evercore Partners Inc. ranked fourth, with $3.6 billion in liabilities. Perella Weinberg Partners LP rounded up the top five with $3.2 billion in liabilities.
- FTI Consulting Inc. claimed the top spot for crisis management firms by volume with $18.2 billion. AlixPartners LLP followed with $17.6 billion. Zolfo Cooper LLC came in third with $7.5 billion. Opportune LLP came in fourth with $4.4 billion. Alvarez & Marsal LLC finished in fifth with $2.3 billion.
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