In preparation for an economic downturn NY firms are looking to expand their restructuring practices. Cadwalader Wickersham & Taft, Cravath Swaine & Moore and Dewey Ballantine are just a few of the firms that will most likely refigure their practices to keep up with an increase in that type of work. Some firms will be encouraging corporate lawyers to move into restructuring work, while others will be looking outside to recruit. Cadwalader has actually already hired a team of four bankruptcy lawyers from Weil Gotshal & Manges earlier this month.
Source: www.legalweek.com