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Kirkland’s Bankruptcy Practice Pulls Ahead With Sizzling May

June 9, 2020, 1:02 PM

Kirkland & Ellis has received nearly $100 million this year representing large, public companies in Chapter 11 bankruptcies, growing its leading haul during a sizzling month of May that included filing three cases on behalf of distressed retailers.

Leading the Pack: Kirkland represents 11 of the 24 public companies to have filed bankruptcy this year with more than $100 million in assets, according to a UCLA database. A Bloomberg Law analysis shows law firms representing the debtor in those cases received $153 million in retainers and fees leading up to the case.

Counter-Balance Pay-Off: Kirkland’s early lead in the lucrative market for debtor-side bankruptcy fees comes despite a number of law firms bulking up their restructuring practices in recent years preparing for a downturn. Roy Strom has the story.

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Law Firms

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Business of Law

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New York State Bar Creates New Racial Justice Task Force
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D.C. Appeals Court to Offer Online Bar Exam in Early October
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Follow Bloomberg Law’s global coverage of the coronavirus pandemic on our Coronavirus Outbreak channel, and track the latest changes in the federal court operations with our interactive map.


Surge in Covid Litigation Work in View, Survey Says
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Barnes & Thornburg hired John M. Moye as a partner in the Litigation Department in Atlanta | Veteran IP attorney Travis Iams is returning to private practice and joining Womble Bond Dickinson’s Charlotte office | BakerHostetler added Mark D. Temple and Peter J. Stuhldreher as partners to its Labor and Employment Practice Group in Houston; they both arrive from Reed Smith LLP | Jenner & Block announced that David Robbins has rejoined the firm as a partner and co-chair of the Government Contracts Practice in Washington | Clark Hill named trial lawyer Tim Flaherty member-in-charge of its San Francisco office; he was San Francisco managing partner at Morris Polich & Purdy, which merged with Clark Hill in 2017.

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To contact the reporter on this story: Jerome Ashton in Washington at