Edwards Gibson data used in Law360 Article “Restructuring Hires Rise in UK Despite Dip in Insolvencies”

Insights from Edwards Gibson’s research were featured prominently in a recent Law360 article by Marialuisa Taddia titled, “Restructuring Hires Rise in UK Despite Dip in Insolvencies.” The article examines a significant rise in lateral recruitment of restructuring partners within the UK legal market, despite official insolvency statistics presenting a mixed picture.

Data provided by Edwards Gibson reveals a 24% increase in hires of finance partners with restructuring or insolvency expertise in 2024 compared to the previous two years. This trend reflects law firms’ strategic moves to anticipate client needs amid ongoing economic uncertainty and market pressures.

Scott Gibson, a Director of Edwards Gibson, provided further commentary on this development, highlighting that while insolvency levels have not surged as expected, firms are proactively investing in their restructuring capabilities. He also noted the challenges firms face in accurately forecasting demand for restructuring services.

The article outlines the broader context of the market, including high inflation, rising interest rates, and private equity strategies that have postponed market corrections. It also highlights key hires by prominent firms such as Davis 

Polk & Wardwell, Paul Hastings, and DLA Piper, showcasing the competitive nature of London’s legal landscape.

Read the full article on Law360 here.