10 lawyers who navigated the biggest bankruptcies in history are set for a huge boom in business as the coronavirus fuels a restructuring surge
"The number of new distressed matters rivals 2008," said Rachel Strickland, the co-chair of the restructuring practice at Willkie Farr & Gallagher. "The onset of new matters due to COVID-19 has been much, much faster."This story is available exclusively on Business Insider Prime.As the novel coronavirus sweeps the globe, it will fall on a cadre of elite attorneys at the nation's top law firms to help guide companies through an unprecedented hit to revenue.
These attorneys have played leading roles on everything from the Detroit bankruptcy, to Toys R Us, to Lehman Brothers. As the novel coronavirus sweeps the globe, it will fall on a cadre of elite attorneys at the nation's top law firms to help guide companies through an unprecedented hit to revenue.to field calls from clients about loan covenants, payment obligations to creditors and — in some instances — the prospect of filing for bankruptcy.
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