WILMINGTON, Del., Feb 7 (Reuters) - 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 municipality.
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)