In Industry-Wide Shift, Law Firm Bankruptcy Practices Do It All
March 5, 2012 – Media Mention
Dow Jones Daily Bankruptcy Review
Stephen Selbst notes and anlyzes the end of specialization in the practice of bankruptcy law. The story notes that in the past, boutique firms handled most debtors’ Chapter 11 filings while the creditor-side work went to the larger firms with relationships with banks and other major lenders. Now, even substantial, traditionally creditor-side firms have realized that many debtor-side representations can be lucrative, and the lines between debtor- and creditor-side firms have blurred.