WILMINGTON, Del. Feb 7 Dewey & LeBoeuf LLP has
bulked up its municipal bankruptcy practice with the hiring of
Hennigan Bennett and Dorman LLP's founding partner and nine
other lawyers, the law firm said on Monday.
Bruce Bennett brings with him experience handling Chapter 9
or municipal bankruptcy, an area many see as one of the few
opportunities for new business this year as commercial
bankruptcy work dries up.
He was the lead debtor counsel in Orange County,
California's bankruptcy in 1994, the largest for a
Bennett joins Dewey as many bankruptcy attorneys are
scrambling for work, accepting smaller and less lucrative
assignments. One of his high-profile engagements, representing
lenders including Oaktree Capital Management in the Tribune Co
bankruptcy, is likely to wind up in the coming months.
Dewey made a big push into bankruptcy work by luring top
bankruptcy attorney Martin Bienenstock away from Weil Gotshal &
Manges LLP in 2007. Bienenstock advised on GM's bankruptcy and
also represented Capmark Financial Group Inc and Ambac
Financial Group Inc ABKFQ.PK in their Chapter 11 filings.
(Reporting by Tom Hals; Editing by Lisa Von Ahn)