How the Coronavirus Affects Different Practice Areas
Bankruptcy & restructuring
It’s not a stretch to imagine law firms will continue investing in the bankruptcy & restructuring practice as vulnerable companies attempt to recover financial losses and manage their liquidity. We see possible business and legal opportunities in the industries hardest hit by the pandemic, such as hospitality, travel and retail.
Litigation
The mainstay for many firms, we expect to see an uptick in litigation as the pandemic comes to an end. We believe insurance litigation, class actions and MDLs will serve as the pace car for 2021.
Insurance, Healthcare, Government & Regulatory
A perfect storm? The pandemic has turned the world on its head and insurance companies, healthcare providers and government regulation fall into the eye of the storm. We face unprecedented challenges during this very difficult time and expect to see many law firms make capital investments into the practice groups that have been in the mire of the pandemic.