4 Firms Make $5 Billion Bankruptcy Club

Law360, New York (September 28, 2015, 9:52 PM EDT) -- Only four law firms were responsible for more than $5 billion each in debtor's assets for cases filed in the first half of 2015, earning a spot in Law360's first-ever $5 billion bankruptcy club.

All four firms were retained as debtor's counsel in one or more cases where the debtor's stated assets were more than $5 billion combined, according to Law360's Most Hired Firms Report. Leading the pack by an overwhelming margin is Kirkland & Ellis LLP, thanks to its representation of Caesars Entertainment Operating Co. Inc. in its blockbuster Chapter 11 proceeding, the largest bankruptcy in the U.S. so far...

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