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Bankruptcy Competition Heats Up Among Law Firms

Law360 (September 11, 2006, 12:00 AM EDT) -- The competition among U.S. bankruptcy law firms is fiercer than ever, with a disparate legal crowd jockeying to serve as lead bankruptcy counsel, a new study asserts.

On Friday, an abstract of the study, entitled “Choosing Corporate Bankruptcy Counsel,” was posted on the Social Science Research Networks, suggesting a “largely fragmented” legal market in the bankruptcy realm.

Authored by Seton Hall law professor Stephen Lubben, the study investigated nearly 300 large public corporations that filed for bankruptcy between 2001 and mid-2005.

Lubben examined 275 publicly traded...
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