NEW YORK/HOUSTON Dec 14 Law firms and banks are
adding staff to their restructuring practices from Houston to
New York City to scoop up new business as oil prices sink near
11-year lows, pressuring energy companies to slash debt or file
for bankruptcy.
At least two investment banks and one law firm have bulked
up their energy and restructuring departments with new hires to
handle the building workload. Another three law firms have
re-jigged staff for the new work, and other restructuring
advisors have partnered with banks who already have deep roots
in the clubby oil and gas world, centered in Houston, the
world’s energy capital.
The 17-month downturn in oil prices has reached far and wide
across the oil and gas industry,…
Read the full article at: http://uk.reuters.com/article/energy-restructuring-staffing-idUKL1N13X2MB20151214