Reorg Data Intelligence Reveals Weil, Alvarez & Marsal, PJT Among Top U.S. Restructuring Advisors Based on Chapter 11 Revenue for First Half of 2024
15 July 2024 - 9:41PM
Business Wire
Reorg, the premier global provider of credit data, analytics,
and intelligence, has released its Americas Advisor rankings for
the first six months of 2024. The rankings data (also known as
league tables) examines legal advisors, financial advisors and
investment bankers on the basis of their involvement in the
restructuring market. Reorg’s ranking report provides fresh
perspectives and insights related to the costs of chapter 11 cases
and advisors' final approved earnings from those cases.
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Restructuring engagements announced by law firms, financial
advisors and investment bankers increased 14% in the first half of
2024, compared to the second half of 2023. Activity in the second
quarter of 2024 increased by 17% from the first quarter.
Kirkland & Ellis led in restructuring legal engagements in
the first half, followed by Gibson Dunn and Akin Gump. AlixPartners
led for financial advisors, followed by FTI and Alvarez &
Marsal. PJT led for investment bankers, followed by Houlihan Lokey
and Evercore.
The busiest sector for advisory engagements in the first half of
2024 was consumer discretionary, which accounted for 20% of total
engagements, followed by healthcare and industrials with 18%
each.
Reorg’s Americas Advisor League Tables for the first six months
of 2024 also rank advisors by total fees approved by chapter 11
bankruptcy courts during the period, which totaled $757 million for
law firms, financial advisors and investment bankers across 63
chapter 11 cases.
- Weil led law firms with $60.1 million, followed by Kirkland
& Ellis with $44.7 million and Latham with $32.6 million.
- For financial advisors, Alvarez & Marsal led with $31
million in fees, followed by AlixPartners with $12 million and
Province with $11 million.
- On the investment banker side, PJT led with $90.2 million in
fees, followed by Guggenheim with $34.9 million and Lazard with
$18.5 million.
Access the Americas Restructuring Advisor Rankings report on
Reorg’s website.
About Reorg
Founded in 2013, Reorg is the essential credit intelligence and
data asset for the world’s leading investment banks, asset managers
and hedge funds, law firms and professional services advisory
firms. By surrounding unparalleled human expertise with proven
technology, data and AI tools, Reorg unlocks powerful truths that
fuel decisive action across financial markets. Visit reorg.com to
learn how we deliver rigorously verified intelligence at speed and
create a complete picture for professionals across the entire
credit lifecycle. Stay current with Reorg on LinkedIn.
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Drake Manning drake.manning@reorg.com
Katie Creaser katie.creaser@icrinc.com