Lehman Brothers Still A Factor In Bankruptcy Case Work
The Deal announces 4th quarter 2012 bankruptcy league table results
NEW YORK, March 5, 2013
NEW YORK, March 5, 2013 /PRNewswire/ -- The Deal has announced the results of
their quarterly rankings of the top firms and professionals involved in active
bankruptcy cases for the fourth quarter of 2012. Overall, filings were down
(Chapter 7, 9, 11, 12 and 15) but for the major firms, caseloads increased
Read The Deal's full analysis here.
League Table highlights:
oSkadden, Arps, Meagher & Flom LLP reclaimed the number one spot among law
firms in part due to assignments including Monitor Co. Group LP, LCI
Holding Co. and Inspiration Biopharmaceuticals. Several law firms saw a
drop in rankings in Q4 versus Q3 2012 as a result of their special counsel
assignments ending on the Lehman Brothers Holdings Inc. case including
Dechert LLP, Fried, Frank, Harris, Shriver & Jacobson LLP and Jones Day.
oAmongst lawyers, Michael Schein of Vedder Price PC saw his rank rise from
eighty-two places in Q3 to number one in Q4 due to his work with Edison
Mission Energy, Patriot Coal Corp. and his continued work with Lehman.
Wendy Walker, Morgan Lewis & Bockius LLP, also saw her ranking rise
ninety-five spots to fifteen due to her creditor work on the Lehman
bankruptcy. Tom Lauria (White & Case), Douglas Rosner (Goulston &
Storrs), Andrew Gottfried (Morgan, Lewis & Bockius), Peter Gilhuly (Latham
& Watkins), Richard Hahn (Debevoise & Plimpton), Douglas Lipke (Vedder
Price), Scott Davidson (King & Spalding), John Rapisardi (Cadwalader,
Wickersham & Taft) and Daniel Golden (Akin Gump Strauss Hauer & Feld)
round out the top 10.
oOn the investment banking tables, Houlihan Lokey maintained their number
one ranking for the second straight quarter while Houlihan Lokey banker
Eric Seigert secured a sweep of the number one ranking for 2012 with the
Q4 results. Mesirow Financial Holdings Inc. saw their ranking rise from
eighth place in Q3 2012 to number five in Q4 2012 due to their work on the
Southern Air Holdings Inc. and AMF Bowling Worldwide Inc. cases.
oThe non-investment banking rankings, made up of accounting, auditing or
consulting firm firms, saw Epiq Bankruptcy Solutions and adviser Lorenzo
Mendizabal rank number 1 for the second straight quarter with 104 active
cases totaling $1,043.9 billion in assets.
"The Lehman bankruptcy will continue to play a significant role in the next
quarters because of its sheer size," says David Elman, Senior Editor at The
Deal, "Although Lehman's liquidation plan took effect nearly a year ago, the
wind-down of operations continues. Notably, Lehman in November agreed to sell
Archstone Inc. to Equity Residential Inc. and AvalonBay Communities Inc. for
The full-suite of rankings is available now on The Deal Pipeline, the
transaction information service powered by The Deal newsroom.
About The Deal's Bankruptcy League Tables
The Deal's Bankruptcy League Tables are the industry's only league tables
focused solely on active U.S. bankruptcy cases. The rankings involve cases of
debtors with assets of $10 million or more with the rankings based on the
aggregation of those asset values. Firms and professionals only get one credit
for each active case, not each active assignment. There are eight categories:
law firms and lawyers, investment banks and bankers, crisis management firms
and professionals, and non-investment banks and professionals.
About The Deal
The Deal, a business unit of TheStreet, has been serving corporate dealmakers,
advisers and institutional investors the most sophisticated analysis of the
deal economy since 1999. The transaction information service, The Deal
Pipeline, is powered by a newsroom of senior financial journalists who offer
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