Bankruptcy Slowdown Prompts Lawyers to Pivot to Transactions and Litigation
The attorneys feel Q4 and early 2022 will host a bankruptcy boom as government money runs out and eviction moratoriums end. Until then, most have found adjacent practices that do well when bankruptcy is down.
July 12, 2021 at 10:07 AM
9 minute read
- Credit: Vitalii Vodolazskyi/stock.adobe.com
The past year has been tough for bankruptcy lawyers.
This June saw 34,248 filings across all chapters — the fewest number of June filings since 2006, according to Epiq Global's AACER bankruptcy information service. By comparison, total filings were above 42,000 in June 2020 and 61,000 in June 2019.
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