Conflicts Abound As Firms Navigate Bankruptcy Waters

Law360, New York (January 31, 2006, 12:00 AM EST) -- With more and more bankruptcy practices migrating from boutiques to the bigger general practice firms, steering clear of potential conflicts and the harsh penalties they bring with them is a top priority.

Bankruptcy litigation can represent a minefield for larger, multi-practice firms, as they struggle to serve thousands of clients while at the same time trying to avoid potential conflicts in representing debtors and creditors.

“Lawyers that think they aren’t going to have to deal with conflicts are naïve,” says Ivan Kallick, a partner at Manatt,...
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