BankruptcyData Releases Report on 2024's first half Advisory Mandates and Group Involvement, Including Professional Firm Rankings

▰ In 1H24, Kirkland & Ellis led the Debtor bankruptcy counsel league table with seven mandates. DLP Piper, Levene Neale, and Potter Anderson followed behind with five hires each.
 ▰ Young Conaway had the most debtor local counsel engagements during 1H24 with 10 hires. Cole Schotz took second place with five retentions.  Morris Nicholas and Richard Layton obtained four hires each and tied for third place.
 ▰ Seven law firms were retained more than once as conflict / special counsel.

This report ranks advisors to key parties in bankruptcy cases.  Useful for identifying patterns in engagement, (ie who works with whom), sectorial expertise, etc.

Highlights from the Legal rankings:

•  McDermott Will topped the UCC bankruptcy counsel league table with seven mandates including Troika Media Group, Ebix, Terraform Labs, and Robertshaw US Holding, Acorda Therapeutics, WOM, Casa Systems. and Vyaire Medical. Pachulski Stang and Porzio Bromberg took the second and third places with five and four mandates, respectively.
• Gibson Dunn topped the Ad Hoc Group counsel legal table with eight mandates, who entirely represented secured debtholders. Akin Gump, Davis Polk, and Milbank took the second spot with two mandates each.
• On the top of the league table for Lender/Agent Counsel, we have Arent Fox Schiff with 11 engagements. Most of Arent Fox Schiff’s engagements represent the pre-petition 
  secured/DIP agent/lender. Holland & Knight and Greenberg Traurig ranked in second and third place with nine and eight hires, respectively, and most of their mandates came from the secured agent.

BankruptcyData also indexes all disclosed contact persons and advisor team members. According to court filings, this year:

• Arent Fox Schiff’s Jeffrey R Gleit and Brett David Goodman were the busiest partners on the lead counsel front, while Eric J Monzo (Morris James) was the most retained local counsel.

Financial Advisor League Tabler Leaders

• AlixPartners and Glass Ratner topped the Debtor Financial Advisor league table with eight hires each. FTI Consulting followed behind with seven disclosed mandates.
• Houlihan Lokey and SSG Advisors were the top investment bankers during 1H24 with 5 disclosed mandates each. Moelis & Co. and Oppenheimer & Co. tied for third place with four engagements each
  
   

BankruptcyData’s Advisory Retentions and Group Activity Report tracks and ranks advisors to key parties in U.S. bankruptcy cases (including Chapters 11, 7, and 15) filed in in the first 6 months of 2024. This report also highlights ad hoc/group membership as well as the appearances of specific professionals at such parties or advisors. All information supporting this report is freely exportable from BankruptcyData's Bankruptcy Directory and a further explanation of the contents of this report can be found in the appendix hereto. 

Additional Information:

• BankruptcyData's Bankruptcy Directory offers comprehensive data on priority U.S. Bankruptcy, including notices of appearance and Rule 2019 statements.
• The report also includes rankings for Unsecured Creditor Committee Counsel, Ad Hoc Group Counsel, and the most active Legal Professionals in this space
• BankruptcyData's Bankruptcy Directory indexes disclosed contact persons and advisor team members.
• Available via API for inclusion in Lead Generation systems or integration to Salesforce or other CRM products

About New Generation Research’s BankruptcyData

NGR is a Boston company offering publications, products, and services related to corporate bankruptcy and distressed securities. Compiling data to the trade since 1978, NGR is a trusted source for information on turnaround investing, corporate bankruptcy data, and distressed companies. BankruptcyData, NGR's product, is the most comprehensive business bankruptcy database in the industry, with 30+ years of statistics and analysis. Visit www.bankruptcydata.com to learn more.