The Work

June 26, 2009 3:44 PM

Once Again, White & Case Tops Bankruptcy Tables

Posted by Brian Baxter

The Daily Deal released its bankruptcy tables for the first quarter of 2009 earlier this week. If anyone is happy, it's White & Case global restructuring and insolvency chair Thomas Lauria.

Lauria has had a lot to talk about in recent weeks--click here and here for some previous posts about Lauria's Big Auto bankruptcy shenanigans--but this time around, his firm is the one making the noise.

For the second quarter in a row, White & Case, with 822 active cases, tops The Deal's bankruptcy league tables for law firms. The Deal's rankings reveal that 93 percent of White & Case's bankruptcy work comes from outside the U.S., with German partners Biner Bähr in Düsseldorf and Sven-Holger Undritz in Hamburg doing the heavy lifting, handling 451 cases between them. (Bähr and Undritz topped The Deal's listings for individual lawyers.)

As we noted in March, The Deal's quarterly data looks at the "firms and professionals with the most active bankruptcy cases and assignments," including debtor, creditor, and other assignments.

That's the reason why firms like Weil, Gotshal & Manges, Jones Day, Kirkland & Ellis, and Skadden, Arps, Slate, Meagher & Flom, which primarily handle high-profile debtors counsel assignments, don't rank as highly on The Deal's list. (Skadden actually placed eighth.)

Rounding out the top five for law firms were Duane Morris, Latham & Watkins, Greenberg Traurig, and, tied for fifth, bankruptcy boutique Pachulski Stang Ziehl & Jones and Reed Smith.

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Can we find a survey that values quality over quantity?

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