“Onslaught of Bankruptcies” Means Steady Increase in Law Jobs

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From the AE Feldman Blog:

Executive search firm, A.E. Feldman, says the surge in bankruptcies is creating opportunities for candidates with expertise in underwriting, restructuring, valuation and loan workouts. The firm says bankruptcy accountants are also in strong demand. Amid the onslaught of bankruptcies, law firms are also seeing a steady increase in need for legal services. As a result, A.E. Feldman says legal jobs are opening up for candidates with excellent academic credentials and a demonstrable track record as top firms bet that bankruptcy and restructuring work will be one of their most promising avenues of growth.

  

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The post goes on to day that the current wave of bankruptcies is likely to be much more litigious, as creditors seek news ways to recover money. Reuters quotes Lisa Donahue, Co-Head of the Turnaround & Restructuring Practice at AlixPartners, as saying a big uptick in litigation over bankrupt companies’ collapses could continue for years.

Isn’t nice to know that the economic meltdown is good for someone?