Bankruptcy Practice: Foley & Lardner

Law360, New York (July 8, 2008, 12:00 AM EDT) -- In an environment of fast-track sale cases where bankruptcies wrap up in a matter of months, picking your battles can be an important tactic in making it to the finish line, said Michael Richman, chair of the bankruptcy and business reorganization practice at Foley & Lardner LLP.

And while there is a time to fight, overly litigious and arrogant lawyers often aren't doing their clients any favors when it comes time to stand before the judge in a bankruptcy court, he said.

“Bankruptcy is about negotiating...
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