At a time when restructuring activity is reaching unprecedented levels, this honor telegraphs the expertise of these firms to the market.
BOSTON (PRWEB) June 23, 2020
New Generation Research—publisher of BankruptcyData, The Turnaround Letter and other bankruptcy and distressed securities-related content and data platforms—announced the winners for its 2020 Industry Best Awards. BankruptcyData’s third annual Industry Best Awards identify the leading firms in each of the following categories: Investment Banks, Law Firms, Financial Advisors, and Claims Agents, based on information collected over the course of 2019. The winners this year are Houlihan Lokey, Kirkland & Ellis, Alvarez & Marsal, and Prime Clerk.
A winner in 2019 as well, Houlihan Lokey again claims the BankruptcyData Industry Best Award for Best Investment Bank in 2020. The firm’s renowned restructuring group served as investment banker for two of the year’s highest-profile bankruptcies, Ditech and Bristow, and worked on other notable cases including Bumble Bee, Barneys, and Shopco. Companies Houlihan worked with last year represented over 22.6 billion in liabilities. The firm’s restructuring group earned 353 million in 2019, accounting for about 30% of overall revenue. The 45 managing directors in the restructuring group represented 7.9 million per head, the highest per capita among the firm’s three divisions.
Kirkland & Ellis wins top honors for the Best Law Firm of 2020. The firm represented a variety of companies through bankruptcy last year, most notably including Windstream Holdings, Vanguard Natural Resources, Philadelphia Energy, and Forever21. Kirkland's performance in BankruptcyData's 2019 league tables had them leagues ahead of their next competitor in every metric including billings and mandates.
Alvarez & Marsal repeats as the top firm in the Financial Advisor category for 2020. Notable cases included Windstream Holdings, Weatherford International, Sanchez Energy, Bristow, and Southern Foods Group.
Finally, Prime Clerk claims the BankruptcyData Industry Best Award for Best Claims Agent in 2020, repeating for the third year in a row. The agency scored with the biggest filings of the year, including PG&E, Weatherford, Hexion, and EP Energy. Indeed, PrimeClerk was named in six out of the top ten filings of the year.
Full details of cases and rankings are published in the Bankruptcy Data Yearbook and Almanac.
New Generation Research CEO James Hammond applauded the winners and acknowledged the relevance of this year’s awards: “We congratulate the winners. At a time when restructuring activity is reaching unprecedented levels, this honor telegraphs the expertise of these firms to the market. While we could not recognize them in our usual way at the American Bankruptcy Institute’s annual meeting, we look forward to including their award presentation next year when hopefully that event takes place.”
About New Generation Research’s BankruptcyData:
Boston-based New Generation Research, Inc. (NGR), is a leading provider of corporate bankruptcy and distressed securities publications, products and services. Founded in 1986 by George Putnam, III, NGR has established itself as the preeminent source for in-depth information on turnaround investing, corporate bankruptcy data, and distressed companies.
If you have any questions regarding information in these press releases please contact the company listed in the press release. Our complete disclaimer appears here BankruptcyData is a division of NGR. BankruptcyData hosts the industry's most comprehensive business bankruptcy database housing 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.
For additional information on BankruptcyData's Industry Best Awards, visit BankruptcyData.com. For further details on New Generation Research's full range of product offerings and research services, contact New Generation Research, Inc. 88 Broad Street, Second Floor; Boston, MA 02110.