Weil, Gotshal & Manges; Sidley Austin; Kirkland & Ellis; Skadden, Arps, Slate, Meagher & Flom; and other law firms are all gearing up to represent companies in a slew of bankruptcies during the next two years.
A steady rise in corporate bankruptcy filings throughout 2008 is expected to crescendo in 2009 and 2010, with collapses spreading from the retail, auto-related, real estate and financial industries to almost any area affected by the downturn in consumer spending, lawyers in the area say.
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