NEW YORK, July 29, 2016 /PRNewswire/ -- The Deal, a
business unit of TheStreet Inc. (NASDAQ: TST), announced
the results of its quarterly rankings of the top firms and
professionals involved in active bankruptcy cases for the second
quarter of 2016. Collected data captures only active bankruptcy
work for ongoing U.S. and Canadian cases.
"Bankruptcy attorneys will continue to see a steady flow of
Chapter 11 petition filings from the oil and gas industry as energy
prices slowly recover from a downturn that began in mid-2014," said
Kirk O'Neil, bankruptcy reporter at
The Deal. "Many of these companies with secured debt will likely
turn to their prepetition secured lenders to provide
debtor-in-possession financing, since third-party DIP lenders are
not interested in priming the prepetition lenders."
Some highlights from the report:
- Akin Gump Strauss Hauer & Feld LLP remained in the top
spot for bankruptcy law firms by volume, with $1,050.1
billion in liabilities. Latham & Watkins
LLP followed, with $1,033.4 billion in
liabilities. Vedder Price PC ranked third,
with $996.1 billion in liabilities. Duane Morris LLP
followed in fourth with $973.4 billion in liabilities
and Dentons ranked fifth with $960.1 billion in
liabilities.
- Among lawyers by volume, Peter Gilhuly (Latham &
Watkins LLP) ranked first, followed by Douglas
Rosner (Goulston & Storrs PC), Daniel
Golden (Akin Gump Strauss Hauer & Feld LLP), Richard
Hahn (Debevoise & Plimpton LLP) and Scott
Davidson (King & Spalding LLP).
- For investment banks by volume, Houlihan Lokey Inc. moved into
the top spot, with $190.2 billion in
liabilities. Lazard Ltd. followed in second, with $172.1
billion in liabilities. PJT Partners Inc. was third,
with $114.8 billion in liabilities. Stifel Financial Corp.
ranked fourth, with $113.3 billion in liabilities.
Jefferies rounded up the top five with $104
billion in liabilities.
- Leon Szlezinger (Jefferies LLC) moved to the top spot for
investment bankers by volume in the second quarter of
2016. Steven Zelin (PJT Partners Inc.) ranked second,
while Neil Luria (Solic Capital Advisors LLC) ranked
third. Edward Casas (Solic Capital Advisors LLC) ranked
fourth, followed by Matthew
Mazzucchi (Houlihan Lokey Inc.).
The full report is available online, or learn more about The
Deal's Bankruptcy League Tables by visiting
http://www.thedeal.com/league-tables/bankruptcy/.
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 technology company providing over
100,000 users with actionable ideas from its two services - The
Deal & BoardEx. Law firms, investment banks, private equity
firms and hedge funds use The Deal service to find their next deal
and BoardEx to connect the dots between their organizations and
clients. The Deal is a business unit of TheStreet, Inc. (NASDAQ:
TST) and has offices in New York,
London, Washington, D.C., Petaluma, CA and Chennai, India. For more information, visit
www.thedeal.com.
Contact: Ashley Klepach,
212.321.5048, ashley.klepach at thestreet.com
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SOURCE TheStreet, Inc.