Corporate Bankruptcy Budgets To Get A Boost In 2013, GCs Say

Law360, New York (October 17, 2012, 3:42 PM EDT) -- Companies will spend more on bankruptcy counsel in the coming year as bankruptcy continues to ingrain itself as an accepted way of doing business and parties become more aggressive about boosting their returns in the process, a new study on corporate legal spending says.

Corporate budgets for bankruptcy law specialists have increased since 2010 and the trend will last through 2013, with spending projected to top out at $1.57 billion — its highest mark in seven years, according to the BTI Premium Practices Forecast 2013 report...
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