Because BankruptcyData's platform houses the most conclusive and reliable statistics and analysis available, our Industry Best Awards mark extraordinary achievement for each of our winners.
BOSTON (PRWEB) April 22, 2018
New Generation Research—publisher of BankruptcyData, The Turnaround Letter and other bankruptcy/restructuring and distressed securities-related content and data platforms—announced winners for its Industry Best Awards. BankruptcyData's Chief Executive Officer, James Hammond, recognized the honourees at American Bankruptcy Institute's (ABI) Annual Spring Meeting in Washington, D.C.
Widely recognized as "THE bankruptcy industry event of the year," this year's restructuring symposium marked ABI's 36th Annual Spring Meeting—with judges, trustees, attorneys, CPAs, lenders and other turnaround specialists hailing from 500+ companies in 45 states slated to attend.
New Generation Research's Founder and Publisher, George Putnam, III, explains, "I first became involved with distressed securities as a lawyer back in the late 1970s and have always had a profound interest in the challenges and opportunities the Chapter 11 arena offers. I am pleased to recognize and congratulate these highest-ranking firms—each of which continues to excel with both quantitative and qualitative U.S. Bankruptcy Court retention activity. Because BankruptcyData's platform houses the most conclusive and reliable statistics and analysis available, our Industry Best Awards mark extraordinary achievement for each of our winners."
Hammond adds, "As industries from Retail to Healthcare confront new and unexpected headwinds—as debt levels intersect with rising interest rates, the demands on the professionals that serve the bankruptcy and restructuring industries are both changing and growing. As the reference resource of record to the industry, our data shows which firms are facing these challenges most successfully…by the objective standard of professional mandates and retentions. BankruptcyData's Industry Best Awards track the efforts and accomplishments all the firms in serving the industry, but reward only four with top honors. It's my pleasure to recognize Houlihan Lokey, Kirkland & Ellis, Prime Clerk and Alvarez & Marsal at the ABI Annual Spring Meeting.
BankruptcyData's Industry Best Awards acknowledges leading professionals in each of the following categories: Investment Bankers, Law Firms, Claims Agents and Financial Advisory. This year's top firms—Houlihan Lokey, Kirkland & Ellis, Prime Clerk and Alvarez & Marsal—are recognized below, and a full list of all winners can be found at BankruptcyData.
Founded in 1972, Los Angeles, CA-based Houlihan Lokey has a rock-solid reputation as one of the nation's preeminent advisers—with particular expertise in creditor representations. Industry Best Awards recognizes Houlihan Lokey as 2017's top-ranking Investment Banker. Under the leadership of C.E.O. Scott Beiser since 2013, Houlihan Lokey billed several of 2017's largest Chapter 11 filings—including Avaya Inc.; Cobalt International Energy, Inc.; Seadrill Limited and Walter Investment Management Corp.
With a pedigreed family tree dating back more than 100 years, Kirkland & Ellis has earned its well-rooted reputation as the industry leader in corporate restructurings. Under the leadership of entrepreneurial acumen Jeff Hammes as Chair & C.E.O., Kirkland & Ellis dominated the Industry Best Awards' Law Firm rankings by serving as Debtor Attorney in five of the ten largest Chapter 11 filings of 2017: Oil & Gas industry heavy-hitters Seadrill, Cobalt International Energy and Armstrong Energy, Telecom powerhouse Avaya and Retail legend Toys "R" Us.
Founded in 2013, Prime Clerk's focus has always emphasized how to most effectively leverage "next generation technology" for the bankruptcy administration arena; and the firm's innovative strategy is paying off: Recognized as the first place Claims Agent in our Industry Best Awards, the firm's retentions more than doubled competitors during 2017. Prime Clerk's noteworthy 2017 engagements include the largest filing of the year—the Commonwealth of Puerto Rico; Financial sector heavy-hitters J.G. Wentworth Company, Walter Investment Management Corp.; Oil & Gas providers GulfMark Offshore, Inc. and Seadrill Limited and Retailers Gymboree Corporation and Toys "R" Us, Inc.
After working together at consumer products syndicate Norton Simon, Inc. Tony Alvarez, II and Bryan Marsal founded Alvarez & Marsal in 1983 with a targeted corporate focus of "performance improvement and value creation." Recognized as Top-Ranking Financial Advisory Firm for 2017, today's Alvarez & Marsal remains under the continued leadership of Co-CEO's Alvarez and Marsal and boasts 3,000+ global employees in four continents. The firm was tapped as Financial Advisor in many of 2017's largest proceedings, including the following: Avaya Inc. (UCC); Bonanza Creek Energy, Inc.; Cumulus Media Inc.; GulfMark Offshore, Inc. and Seadrill Limited—just to name a few.
For a complete listing of all Industry Best Awards honourees, visit http://www.bankruptcydata.com/p/2018awards.
For additional information on BankruptcyData's Industry Best Awards, visit BankruptcyData. For further details on New Generation Research's full range of product offerings and research services, contact
New Generation Research, Inc.
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BankruptcyData's customizable and easy-to-search platform houses 30+ years of corporate bankruptcy statistics and analysis—offering an invaluable resource to monitor and research historic and real-time U.S. Bankruptcy Court activity. The site's companion publications, Bankruptcy Daily and Bankruptcy Week, offer comprehensive, timely and reliable reporting and analytics on U.S. Bankruptcy Court proceedings.