Kirkland & Ellis, the nation’s second-largest law firm when measured by gross revenue, can thank its high-powered bankruptcy practice for providing some added ballast to its already burgeoning bottom line.
The restructuring group soared last year by taking the lead on a surge in energy company bankruptcies, and while that industry has steadied in 2017, Kirkland has stepped up to advise clients in the ailing retail sector, picking up Chapter 11 assignments for fashion house BCBG Max Azria Group LLC and discount footwear company Payless ShoeSource Inc.
