Bankruptcies Down, But Business Picture Isn’t Rosy
Corporations in America may be struggling, but they’re not filing for bankruptcy. In fact, since hitting a 15-year peak in the second quarter of 2009, filings have dropped an average of 3.2 percent per quarter, according to figures released by the American Bankruptcy Institute. But don’t be fooled, says Lloyd Palans, a bankruptcy expert in the New York office of Bryan Cave.
Supply and Demand: GC Plans to Move Legal Work In-House With New Hires
Despite an uncertain economy that led to some attorney layoffs, the new top lawyer at McJunkin Red Man Corp. (MRC) in Houston is doubling the size of his in-house legal department. Daniel J. Churay, who has been executive vice president and general counsel of the company since August.
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