The Wall Street Journal: Law Firms Gear Up for Expected Jump in Bankruptcies Triggered by Coronavirus

May 06, 2020

The Wall Street Journal reported that O’Melveny has been actively preparing for a surge of bankruptcy matters following COVID-19.

“The nation’s bankruptcy industry is bracing for a wave of business collapses triggered by the coronavirus pandemic as its ranks have been thinned by a decade of economic growth,” the WSJ wrote. “O’Melveny & Myers LLP, Paul Hastings LLP, DLA Piper and Sidley Austin LLP are among the law firms looking to hire bankruptcy lawyers at locations across the country, said Dan Binstock, a partner at Garrison & Sisson who is president of the National Association of Legal Search Consultants.”

The Wall Street Journal subscribers can read the full article here.