Credit: Timon/Adobe Stock After 1 Year, FTX Bankruptcy Is More Lucrative for Law Firms Than Enron and Lehman
For law firms like Sullivan & Cromwell and Quinn Emanuel Urquhart & Sullivan, the bankruptcy of FTX is proving to be just as profitable as some of the most notoriously lucrative Chapter 11 proceedings.
November 30, 2023 at 05:00 AM
3 minute read
Historically, for a law firm to clear more than $10 million in revenue per month from a Chapter 11 bankruptcy engagement, such a debtor would have sent shockwaves through the financial system by nature of going bust.
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