Despite what’s expected to be a 12-year low in bankruptcy filings this year, major U.S. law firms are starting to beef up their ranks of restructuring attorneys in anticipation of heavier caseloads next year.
Restructuring preparation with some companies behind the scenes is already picking up, some bankruptcy attorneys said, declining to identify any. Companies in the automotive, telecommunications, retail and health care industries are most likely to encounter trouble, they said.
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