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Must-haves in a bankruptcy lawyer

From lawyersonce called “vultures” to professionals that can actually save companies. The lurch in the career of the bankruptcy lawyers came along with the new Bankruptcy Law. Now they cease to be the men who seal the end of companies to become the ones who will recover them judicially. This drastic change in profile has attracted large offices, which once had turned a blind eye to this market – and to those lawyers – and who now open wide their doors to almost bankrupt clients and bankruptcy lawyers.

Even before the new Bankruptcy Law was presented – it only applies to half the year – opportunities are leaping to the eye. The best example comes from big lawyer firms who once had no professionals to deal with bankruptcy. The bank rehired a former employee who left the office, specialized in bankruptcy and has now returned as a partner to lead a team that already has seven people with full dedication to the area. This is only an example of the kind of opportunity that is around the market. The top lawyersin this field have opportunities all over the world, that is for sure.

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Three or four years ago we realized that the Bankruptcy Law was really going to change the profile of this market and we had no one trained in this area. The number of consultations lately is very large, because companies want to know how to prevent themselves and how the law can change their lives. An outlook is very good and there is no doubt that the new law will generate more demands and, consequently, new hires. So if you would like to be part of this market among the best lawyers then it is time to dedicate yourself.

Many large law firms are still at the stage where only one multidisciplinary group is keenly studying the new law, predicting new hiring only after demand begins to arrive. Everyone, however, believes that it will come and open the way for customers to reach these big banks. The big companies in the country are already clients of these offices and many even did some type of debt restructuring or else they were creditors of companies that entered the so-called white concordat. Learn more.

It is time to seize the opportunity

The great opportunity for new business and new lawyers for the offices will be in medium-sized companies. Even though the market is still not used to this kind of law firm, it is very likely that mid-sized and large sized companies appear in the market. But in addition to bankruptcy lawyers, offices will have to use their full range of lawyers specializing in capital markets, corporate law and litigation, as well as accountants, experts and financial engineers. This range of partners the large offices already have. The small offices accustomed to dealing with bankruptcies will also have to adapt to not lose their slice in the market. More details in site: http://www.lawbamba.com/

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