The Deal
Friday, November 20, 
10:39 pm

— Bankruptcy —

Scoreboard: Bankruptcy League Tables

By Chelsey Franks
  Share     E-Mail    Discussion (2)     Print Story
Published June 19, 2009 at 10:58 AM
EXECUTIVE SUMMARY
  • The law firms with the most active bankruptcy cases
  • Attorneys with the most active bankruptcy cases
  • The investment banks with the most bankruptcy petitions and more

Since 2003, The Deal LLC's quarterly bankruptcy league tables have showcased the top firms and practitioners with active bankruptcy cases. Representing a snapshot from The Deal Pipeline's complete listings of active bankruptcy cases and assignments, the following are such adviser rankings for the first quarter of 2009:

The law firms with the most active bankruptcy cases:

Top bankruptcy law firms
All cases active as of March 31, 2009
Rank
Firm
No. of active cases
Percent U.S.
Percent non-U.S.
1
 White & Case LLP
822
7%
93%
2
 Duane Morris LLP
273
100
0
3
 Latham & Watkins LLP
261
94
6
4
 Greenberg Traurig LLP
259
100
0
5
 Pachulski Stang Ziehl & Jones LLP
237
100
0
Reed Smith LLP
237
98
2
6
 Young Conaway Stargatt & Taylor LLP
216
100
0
7
 Cooley Godward Kronish LLP
214
100
0
8
 Akin Gump Strauss Hauer & Feld LLP
182
99
1
9
 Skadden, Arps, Slate, Meagher & Flom LLP
172
100
0
10
 Rattet, Pasternak & Gordon Oliver LLP
162
99
1
Includes all debtor, creditor and other assignments within active bankruptcy cases

Source: www.Pipeline.TheDeal.com

 

Attorneys with the most active bankruptcy cases:

Top bankruptcy lawyers
All cases active as of March 31, 2009
Rank
Professional
Firm
No. of active assignments
1
 Bahr, Biner White & Case LLP
299
2
 Undritz, Sven-Holger White & Case LLP
152
3
 Carr, James S. Kelley Drye & Warren LLP
128
4
 Jones, Laura Davis Pachulski Stang Ziehl & Jones LLP
110
5
 Pasternak, Jonathan Rattet, Pasternak & Gordon Oliver LLP
103
6
 Carroll, Schuyler Arent Fox LLP
102
7
 Indyke, Jay R. Cooley Godward Kronish LLP
90
8
 Liepins, Eric A. Law Offices of Eric A. Liepins PC
84
9
 Collins, Mark Richards, Layton & Finger PA
83
10
 Gottlieb, Lawrence C. Cooley Godward Kronish LLP
82
Includes all debtor, creditor and other assignments within active bankruptcy cases

Source: www.Pipeline.TheDeal.com

 

The investment banks with the most bankruptcy petitions:

Top investment banks
All cases active as of March 31, 2009
Rank
Firm
No. of active cases
Percent U.S.
Percent non-U.S.
1
 Houlihan, Lokey, Howard & Zukin Inc.
51
100%
0%
2
 Mesirow Financial Holdings Inc.
37
97
3
3
 Jefferies & Co.
23
96
4
4
 Lazard
18
94
6
5
 Chanin Capital Partners LLC
17
100
0
6
 Moelis & Co. LLC
15
100
0
7
 Navigant Capital Advisors LLC
14
100
0
8
 Rothschild
12
100
0
9
 General Capital Partners LLC
9
100
0
10
 Imperial Capital LLC
8
100
0
Miller Buckfire & Co. LLC
8
100
0
Trenwith Group
8
100
0
Includes all debtor, creditor and other assignments within active bankruptcy cases

Source: www.Pipeline.TheDeal.com

 

The top investment bankers:

Top Investment bankers
All cases active as of March 31, 2009
Rank
Professional
Firm
No. of active assignments
1
 Hilty, David Houlihan, Lokey, Howard & Zukin Inc.
12
2
 Murphy, Brendan Chanin Capital Partners LLC
9
Barrow, J. Gregory General Capital Partners LLC
9
3
 Hardie, William (Tuck) Houlihan, Lokey, Howard & Zukin Inc.
8
Madden, John Chanin Capital Partners LLC
8
Casas, Edward Navigant Capital Advisors LLC
8
4
 Manning, Jeffrey R. Trenwith Group
7
Strom, Steve Jefferies & Co.
7
Luria, Neil Navigant Capital Advisors LLC
7
5
 Williams, Brent Chanin Capital Partners LLC
6
Derrough, William Moelis & Co. LLC
6
Carlson, Thomas Jefferies & Co.
6
Belinsky, Russel Chanin Capital Partners LLC
6
Includes all debtor, creditor and other assignments within active bankruptcy cases

Source: www.Pipeline.TheDeal.com

 

The top crisis management firms:

Top crisis management firms
All cases active as of March 31, 2009
Rank
Firm
No. of active cases
Percent U.S.
Percent non-U.S.
1
 FTI Consulting Inc.
157
95%
5%
2
 GlassRatner Advisory & Capital Group LLC
51
100
0
3
 Alvarez & Marsal LLC
47
100
0
4
 Capstone Advisory Group LLC
34
100
0
5
 Focus Management Group
30
97
3
6
 Traxi LLC
29
100
0
7
 Huron Consulting Group Inc.
28
100
0
8
 NachmanHaysBrownstein Inc.
27
100
0
9
 AlixPartners LLC
26
100
0
10
 Begbies Traynor Group plc
25
0
100
11
 Executive Sounding Board Associates Inc.
18
100
0
12
 Bridge Associates LLC
15
100
0
Includes all debtor, creditor and other assignments within active bankruptcy cases

Source: www.Pipeline.thedeal.com

 

The top crisis managers:

Top crisis managers
All cases active as of March 31, 2009
Rank
Professional
Firm
No. of active assignments
1
 Glass, Ronald GlassRatner Advisory & Capital Group LLC
34
2
 Gavin, Edward NachmanHaysBrownstein Inc.
21
3
 Eisenband, Michael FTI Consulting Inc.
20
4
 Duffy, Bob FTI Consulting Inc.
15
5
 Star, Samuel E. FTI Consulting Inc.
14
6
 Greenspan, Ron FTI Consulting Inc.
13
7
 Granger, Jeffrey Focus Management Group
12
8
 Shandler, Chad Traxi LLC
11
9
 Simms, Steve FTI Consulting Inc.
10
10
 Joffe, Steven FTI Consulting Inc.
9
11
 Coulombe, Steve FTI Consulting Inc.
8
Nolan, Bill FTI Consulting Inc.
8
Conly, Albert FTI Consulting Inc.
8
Schnelling, Anthony H.N. Bridge Associates LLC
8
Includes all debtor, creditor and other assignments within active bankruptcy cases

Source: www.Pipeline.TheDeal.com

 

The top non-investment banks:

Top non-investment banks
All cases active as of March 31, 2009
Rank
Firm
No. of active cases
Percent U.S.
Percent non-U.S.
1
 Deloitte Touche Tohmatsu
597
4%
96%
2
 BDO Consulting Corporate Advisors LLC
450
13
87
3
 Epiq Bankruptcy Solutions LLC
162
100
0
4
 Kurtzman Carson Consultants LLC
142
100
0
5
 BMC Group Inc.
115
100
0
6
 Ernst & Young
88
49
51
7
 KPMG LLP
41
29
71
8
 PricewaterhouseCoopers LLP
40
20
80
9
 Garden City Group Inc.
30
100
0
10
 Protiviti Inc.
29
100
0
11
 Administar Services Group LLC
28
100
0
12
 J.H. Cohn LLP
19
100
0
Menzies Corporate Restructuring
19
11
89
Includes all debtor, creditor and other assignments within active bankruptcy cases

Source: www.Pipeline.TheDeal.com

 

The top non-investment bank professionals:

Top non-investment bank professionals
All cases active as of March 31, 2009
Rank
Professional
Firm
No. of active assignments
1
 McElhinney, Daniel C. Epiq Bankruptcy Solutions LLC
156
2
 Kurtzman, Eric S. Kurtzman Carson Consultants LLC
140
Carson, Jonathan A. Kurtzman Carson Consultants LLC
140
3
 Weston, Paul Deloitte Touche Tohmatsu
83
4
 Feil, Tinamarie BMC Group Inc.
76
5
 Greig, John Deloitte Touche Tohmatsu
57
6
 Gerber, Kathy Epiq Bankruptcy Solutions LLC
56
Jacobs, Ron Epiq Bankruptcy Solutions LLC
56
7
 Salter, Peter Deloitte Touche Tohmatsu
38
8
 Lombe, David Deloitte Touche Tohmatsu
34
9
 Cussen, Neil Deloitte Touche Tohmatsu
30
Includes all debtor, creditor and other assignments within active bankruptcy cases

Source: www.Pipeline.TheDeal.com

Continue reading below
Also From The Deal.com



Tags



Comments

From: Lawrence D. Loeb,

Amazing how Weil Gotshal, with Lehman, SemGroup, Bearing Point, GM, General Growth, Extended Stay, etc., didn't make the top 10 law firms.

Kind of makes it hard to take the tables seriously.

Perhaps you should consider asset values when preparing the tables.

Posted on: June 24, 2009 5:22 PM


From: Neil Malcolm,

This version of The Deal’s bankruptcy league tables includes only the top ten. Fuller league tables are included in the most recent issue of the magazine, The Deal, with complete rankings incuded on the league tables section of TheDeal Pipeline (pipeline.thedeal.com). In this set of league tables, we ranked law firms by number of deals, not volume. Weil Gotshal & Manges does tend to have fewer, if larger deals. The firm ranked 20th among law firms with 97 active bankruptcy cases, as of March 31, 2009.

The Deal’s bankruptcy league tables ranks legal, financial and other advisers on the number of active cases (firms) and assignments (professionals), globally. The advisers are given credit for debtor, creditor and other roles. The size of the debtor, nature of role an adviser plays, interested party represented, are not weighed in assigning credit.

The Deal also publishes an annual ranking of advisers on the largest U.S. bankruptcy cases filed within a calendar, and more frequently, cases filed in the U.S. over the previous six months to date. For example, in the ‘Banking on bankruptcies’ report http://www.thedeal.com/dealscape/2009/01/banking_on_bankruptcies.php), The Deal ranked the top (hottest) advisers on Chapter 7, 9, 11 or 15 bankruptcy petitions filed in 2008, in which the debtor listed assets of at least $100 million. Richards, Layton & Finger PA led all law firms last year, gaining 28 cases. Weil Gotshal was the runner-up with 25, and Kelley Drye & Warren LLP placed third with 24.

In Bankruptcy Insider ‘Deal doctors: April 23, 2009,’ a six-month rolling ranking on a specific role is detailed (http://pipeline.thedeal.com/tdd/ViewArticle.dl?id=10002260837).
Weil and Kirkland & Ellis LLP continue to reign supreme in large bankruptcy cases. The two firms each are debtor counsel or co-counsel in five of the 20 largest bankruptcies filed in the U.S. over the past six months. Weil finished second (five cases) and Kirkland third (two) when Bankruptcy Insider checked in September.

Posted on: June 25, 2009 2:00 PM


Post a comment



footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.