A Weil Gotshal & Manges associate who switched from corporate to the bankruptcy group told New York magazine that bankruptcy is the "hot and sexy" practice area right now. Weil Gotshal's bankruptcy group is hiring 14 new associates, up 100% from last year. Seventy percent of summer associates chose a bankruptcy rotation up from 55% last year. The firm's business reorganiation practice handled more chapter 11 business reorganization cases than any other firm this year.
Hat tip to Prof. Steve Ross.