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July 14, 2021

Bankruptcy Slowdown Prompts Lawyers to Pivot to Transactions and Litigation

Daily Business Review

The economy is doing surprisingly well compared to what experts predicted for the market at the start of the pandemic. For bankruptcy attorneys, that means a slowdown in business. As a result, many have shifted to different areas of law to keep up with annual goals. Nelson Mullins Miami partner Gary Freedman, who is co-chair of the firm's bankruptcy and financial restructuring practice group, told the Daily Business Review that he has shifted a large portion of his billable hours to business litigation. Looking ahead, Nelson Mullins' bankruptcy group is proactively monitoring sectors that may see distress in the future and partnering with those industry groups firmwide.

“We are currently developing groups at Nelson Mullins so that when financial distress hits a sector, we’re ready to hit the ground running between the bankruptcy folks and other practitioners of law,” Freedman said. “We have a full-service approach to financial distress.”

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