THE DEAL PIPELINE UNVEILS BANKRUPTCY ADVISER RANKINGS BY TOTAL ASSET VOLUME OF CASELOAD
The Deal Pipeline ranks the most active firms and professionals advising bankruptcy cases by caseload and by volume of debtors' assets for Q1 2010. The new volume-based tables show the biggest cases propel certain firms and professionals to the top
NEW YORK, NY - May 20, 2010 - The Deal Pipeline® today debuts eight new Bankruptcy League Tables that rank adviser firms and practitioners based on debtors' total asset value of their current bankruptcy caseload. By analyzing an advisory firm's or a bankruptcy professional's caseload on the basis of volume for the first time,
The Deal Pipeline found that size truly counts; firms' or professionals' ability to work larger bankruptcies eclipses their predilection to have a heavy caseload or to represent multiple clients in the cases they're on.
Since 2003, The Deal Pipeline's quarterly Bankruptcy League Tables have ranked the most active firms and professionals in bankruptcy cases and assignments by thoroughly reporting and vetting information gathered from court records and directly from firms. The league tables highlight, by caseload (U.S. and international combined) and now also by total asset volume of those U.S. cases in which the debtor has assets of $10 million or more, the top bankruptcy law firms, top bankruptcy lawyers, top investment banks, top investment bankers, top crisis management firms, top crisis management professionals, top non-investment banks and top non-investment bank professionals.
"Our new volume-based versions of the Bankruptcy League Tables provide another powerful dimension to our extensive bankruptcy coverage," said Tony Baldo, editor, newsletters and databases at The Deal LLC. "The Deal Pipeline's rankings are unique in that they tabulate only pure bankruptcy work by the constellation of advisers on active cases."
According to "The Golden Ticket" by senior writer Ben Fidler, a report that accompanies The Deal Pipeline's bankruptcy league tables, compelling facts on the nature of today's bankruptcy cases are:
- New bankruptcy filings are ebbing, but the billion-dollar Chapter 11 bonanza of 2008 and 2009 still haunts us, especially when it comes to the continuing case of Lehman Brothers Holdings Inc.
- Lehman, through its sheer complexity and by virtue of its $639 billion in assets, has also shown itself to be the golden ticket for those scores of firms and professionals still working on it.
- While the Lehman case is overwhelming, other U.S. behemoth cases still active that provide work for firms are General Growth Properties Inc., Washington Mutual Inc., Lyondell Chemical Co., CIT Group Inc., Motors Liquidation Co. (formerly General Motors Corp.) and Old Carco LLC (Chrysler LLC).
Topping the list of bankruptcy law firms by volume in the first quarter of 2010 are: No. 1) Skadden, Arps, Slate, Meagher & Flom LLP with assets of $1,224.7 billion, No. 2) Latham & Watkins LLP with assets of $1,196.3 billion and No. 3) Weil, Gotshal & Manges LLP with assets of $1,187.1 billion. Top bankruptcy lawyers by volume include: No. 1) James Carr of Kelley, Drye & Warren LLP with $980.2 billion, No. 2) Robert Rosenberg of Latham & Watkins LLP with $943.8 billion and No. 3) Thomas Lauria of White & Case LLP with $877.3 billion.
The top investment banks by volume include: No. 1) Houlihan Lokey with assets of $780.1 billion, No. 2) Lazard with assets of $772.3 billion and No. 3) Chanin Capital Partners/Duff & Phelps with assets of $706.6 billion. The top investment bankers with by volume are No. 1) Eric Siegert of Houlihan Lokey with $674.7 billion, No. 2) Bradley Geer of Houlihan Lokey with $662.7 billion and No. 3) Elizabeth LaPuma of Lazard with $659.1 billion.
The top crisis management firms by volume are: No. 1) FTI Consulting Inc. with $1,085.2 billion, No. 2) Huron Consulting Group Inc. with $743.9 billion and No. 3) Alvarez & Marsal LLC with $742.3 billion. The top crisis managers are: No. 1) Michael Eisenband of FTI Consulting with $782.8 billion in assets, No. 2) Samuel E. Star of FTI Consulting with $773.7 billion in assets and No. 3) Conor Tully of FTI Consulting with $734.7 billion in assets.
Top non-investment banks by volume include: No. 1) Epiq Bankruptcy Solutions LLC with $965 billion, No. 2) Deloitte with $757.5 billion and No. 3) PricewaterhouseCoopers with $743.5 billion. Top spots for the non-investment bank professionals by volume go to: No. 1) Daniel C. McElhinney of Epiq Bankruptcy Solutions with $963.6 billion, No. 2) Tinamarie Feil of BMC Group Inc. with $724.3 billion and No. 3) Joseph Foy of PricewaterhouseCoopers with $639 billion.
About The Deal LLC
The Deal LLC (
www.TheDeal.com) is a diversified media and information company. We report, analyze and disseminate business and financial news and data that offer fresh insights on the deal economy, a set of interrelated activities focused on dealmaking of all kinds whose purpose is to generate corporate and capital growth in a continually changing global market. We serve the global deal community - corporate and financial dealmakers, advisers and institutional investors - with The Deal Pipeline, a transaction information service, and The Deal, a business and financial magazine, website and event brand. The Deal LLC, a privately held company, is owned by private investment funds sponsored by Wasserstein & Co. LP.
