Bankruptcy Spending To Drop, Restructuring To Grow

Law360, New York (October 26, 2010, 4:31 PM EDT) -- Corporate spending on bankruptcy attorneys will drop in 2011 compared with this year, though their across-the-hall colleagues in restructuring will beat the legal services market average, a new report on corporate legal spending says.

Spending on bankruptcy work is expected to drop 2 percent in 2011 compared with 2010, but the market for restructuring will grow by 1.4 percent, according to the Premium Practices Forecast 2011, released Monday by The BTI Consulting Group Inc. (Wellesley, Mass.).

The overall legal services market, in comparison, is expected to...
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