To Skirt Ch. 11, GCs To Spend More On Restructuring In 2014

Law360, New York (October 7, 2013, 1:00 PM EDT) -- Law firms can expect to see a surge in client spending on restructuring in the coming year as companies that have failed to finagle their way out of debilitating indebtedness make last-ditch efforts to stave off bankruptcy.

Spending on restructuring is expected to jump 1.1 percent next year as the retail, distribution, industrial manufacturing, transportation and mining industries continue to struggle, according to the BTI Premium Practices Forecast 2014 report from The BTI Consulting Group of Wellesley, Mass.

Those industries have been unable to take advantage...
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