Welcome back to the Big Law Business column. Im Roy Strom, and today we look at how Sidley Austin plans to try to crack to the upper echelon of Big Law restructuring practices. Sign up to receive this column in your Inbox on Thursday mornings.
Building a top company-side bankruptcy practice is a great white whale for ambitious Big Law leaders.
The task is daunting. Since Weil Gotshal & Manges Harvey Miller established restructuring as a Big Law business during the 1970s, only a handful of firms have developed a leadership position. Those top firms have historically enjoyed long runs of success once establishing their brands.
So, ears perked up in the tight-knit community last year when Sidley Austin announced its intention to take on the…
Read the full article at: https://news.bloomberglaw.com/business-and-practice/inside-sidley-austins-strategy-for-a-restructuring-revamp