NEW YORK, April 27, 2015 /PRNewswire/ -- The Deal
announced the results of its quarterly rankings of the top firms
and professionals involved in active bankruptcy cases for the first
quarter of 2015. Data collected captures only active bankruptcy
work on ongoing U.S. and Canadian cases.
"Bankruptcy professionals are seeing a steady increase in
smaller companies utilizing Article 9 sales of distressed assets to
save significant time and money compared to Section 363
transactions in Chapter 11," said Kirk
O'Neil, bankruptcy reporter at The Deal. "Concerns about the
expenses associated with Chapter 11 cases will continue to steer
smaller companies with uncomplicated cases away from the federal
courts until the bankruptcy industry can get a handle on the high
cost of fees required in these cases."
League Table highlights:
- Saul Ewing LLP held onto its ranking from Q2 2014 as the top
law firm by volume with $1,097.9
billion in liabilities. Akin Gump Strauss Hauer & Feld
LLP was ranked second with $1,077.4
billion in liabilities, followed by Vedder Price PC with $1,033.2 billion in liabilities. DLA Piper was
ranked fourth, up six spots from 10th in Q4 2014, with $924.2 billion in liabilities.
- Among lawyers by volume, Douglas
Rosner (Goulston & Storrs PC) rose to the top spot,
followed by Richard Hahn (Debevoise
& Plimpton LLP), Scott Davidson
(King & Spalding LLP) and Daniel
Golden (Akin Gump Strauss Hauer & Feld LLP).
Peter Gilhuly (Latham & Watkins)
rose one spot from last quarter to the fifth spot.
- For investment banks by volume, the top three banks held on to
their rankings since Q2 2014. Blackstone Group LP maintained its
lead with $810.2 billion in
liabilities, followed by Miller
Buckfire & Co. LLC in second place with $724.3 billion in liabilities. Jefferies LLC was
in third place with $118.2 billion in
liabilities. Solic Capital Advisors LLC ranked fourth with
$80.8 billion in liabilities, up four
spots from last quarter. Centerview Partners LLC moved down one
spot to rank sixth with $65.0 billion
in liabilities.
- The top three investment bankers held on to their rankings from
Q2 by volume with Timothy Coleman
(Blackstone Group LP) in the lead, followed by Stuart Erickson (Miller
Buckfire & Co. LLC) and Leon
Szlezinger (Jefferies LLC). Neil
Luria (Solic Capital Advisors LLC) moved up seven spots from
last quarter to rank fourth.
The full suite of rankings is available now on The Deal and
the full report is also available online.
About The Deal's Bankruptcy League Tables
The Deal's
Bankruptcy League Tables are the industry's only league tables
focused solely on active bankruptcy cases. The Bankruptcy League
Tables by volume involve only active U.S. bankruptcy cases of
debtors with liabilities of $10
million or more. The rankings are based on the aggregation
of those liability values. The table reflects the number of active
cases fitting that criteria and may not characterize the total
number of active cases. Firms and professionals only get one credit
for each active case, not each active assignment. The Bankruptcy
League Tables by number involve U.S. and Canadian bankruptcy cases
irrespective of debtor asset size. Professionals receive credit for
multiple assignments on one case.
About The Deal
The Deal is a media and relationship
capital company providing over 100,000 users with business
opportunities sourced from proprietary deal news and a relationship
discovery tool. Law firms, investment banks, private equity and
hedge funds use The Deal's insight and analysis about potential and
announced transactions to find their next deal and BoardEx's
service and database for building relationships. The Deal has
offices in New York, London, Washington,
D.C., Petaluma, CA and
Chennai, India. For more
information, visit www.thedeal.com.
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Contact: Aedin Moloney,
TheStreet, Inc., Aedin.Moloney at thestreet.com
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SOURCE TheStreet, Inc.