And those are just the K&E "retail" clients. You're missing Intelsat, Frontier, Whiting, Ultra, iHeart, Seadrill, etc. This whole Weil is #1 is just not borne out by the market, and I'm not even sure how you're judging #1 in this instance--every data point suggests otherwise. Like, Weil hasn't been the top BK shop for a few years now, despite the quality of their attorneys.kovdak02 wrote: ↑Wed Jun 17, 2020 9:34 amI don’t think this take holds up well to 2020 reality:Anonymous User wrote: ↑Wed Jun 17, 2020 12:09 amBut you're missing the point. Weil has less than half the bankruptcy attorneys as Kirkland. Kirkland churns bankruptcies. Weil takes the big ones. They don't churn through a bunch at a time. They get a few big ones and do a great job at restructuring. Until they more than double their attorneys, it would be impossible to handle the case load that Kirkland handles. The partners and practice group are very very well respected, and often considered the best. Kirkland has a lot of bankruptcy partners grabbing clients, and they're great too, but different from Weil in key respects. You can't judge them by # of bankruptcies that pass through. FYI - I know and work with lots of Weil bankruptcy attorneys and Kirkland bankruptcy attorneys. They both have a ton of respect for one another, and are both very well regarded. Right now Weil is considered #1. Next year they might be #2, but it won't last long. I wouldn't be surprised if Weil snatches the largest bankruptcy in the coming 12 months.FedFan123 wrote: ↑Tue Jun 16, 2020 11:39 pmBefore weil filed a couple of new big chapter 11s this weekend, Kirkland had filed something like a dozen new cases this year to 1 (j crew) for weil. And even with a good weekend, they are getting quadrupled. Kirkland is the clear 1 debtor side, weil 2, and then a couple other shops like Latham and Paul Weiss aren’t all that far behind weilAnonymous User wrote: ↑Tue Jun 16, 2020 3:08 pmFedFan123 wrote: ↑Tue Jun 16, 2020 1:48 amFor real - not sure why weil people are so sensitive to not being in the v10 anymore. It is still oddly overranked, particularly now that kirkland is so far ahead of it in bankruptcy. Should be around v15 at highest
“So far ahead” is a bit of a stretch. Sure KE RX is having a strong start to the year, but Weil continues to take on some of the largest cases year in and year out
Kirkland has been on 11 of the 24 largest BKs this year,
Kirkland recent clients include J.C. Penney, Neiman Marcus, Pier 1 Imports, Stage Stores, and Toys-r-Us (not exactly small time churn and burn),
“There were 12 large, public companies with more than $100 million in assets that filed bankruptcy in May, according to a UCLA database. That was the most filings in any month since March 2009. Kirkland advised on seven of the filings in May.”
Maybe the sticky-prestige white-shoe legal culture sees Weil ahead of Kirkland in BK, but paying clients do not.
Source: https://news.bloomberglaw.com/business- ... g-pandemic
ETA: which isn't to say Weil doesn't have a great rx practice--they do--but it's fallen behind K&E.