Kirkland Leads Legal Quartet Advising Insolvent WeWork (1)

WeWork Inc. has tapped Kirkland & Ellis and other legal advisers for its bankruptcy filed late Monday in Newark, N.J.

Regional law firm Cole Schotz and Toronto-based Goodmans also are advising WeWork on the insolvency proceeding for its US and Canadian operations, according to a Chapter 11 petition. Munger, Tolles & Olson is providing outside counsel to a special committee of WeWork’s board.

WeWork’s bankruptcy signifies a remarkable downfall for what was once the world’s most valuable startup, worth as much as $47 billion under co-founder Adam Neumann. The New York-based company and its billionaire backers just a ...