Bankruptcy filings during the one-year period ending this past June 30 are down 13 percent when compared to the previous year, according to data compiled by the Administrative Office of the U.S. Courts, marking the lowest total for bankruptcy filings in any 12-month period since the one ending December 31, 2008.
And while much has been made about the wave of recession-driven bankruptcies receding in recent years, the drop, at least in part, could be offset by a potential increase in municipal bankruptcy work. In the interim, several Am Law 100 firms have been busy lately grabbing lead roles on a handful of noteworthy Chapter 11 cases. As usual, hourly billing rates are in parentheses, when available.
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