Has LaSalle Delayed Economic Recovery?

Law360, New York (February 13, 2012, 1:11 PM EST) -- The United States is about to enter year five of what has been aptly deemed “The Great Recession.” Bankruptcy advising is a cyclical business, and after a dearth of work in the heady financial years of the mid-2000s, expectations were high that in the downturn bankruptcy work would be abundant and steady.

But that has hardly proven to be so. Instead, such work has come in fits and starts, with months of doldrums, even in the midst of the worst economic downturn in decades. Bankruptcy filings,...
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