Alan Baden Quoted in Reuters on Bankruptcy Practice

“US restructuring firms bulk up as crude dive boosts business”
 
Law firms and banks are adding staff to their restructuring practices from Houston to New York City to scoop up new business as oil prices sink near 11-year lows, pressuring energy companies to slash debt or file for bankruptcy.

“I’ve been through several downturns, and the problem with expanding bankruptcy lawyers when it’s hot like this, is what do you do with them when it’s over?” said Alan Baden, partner at the Houston office of Thompson & Knight, which is shifting attorneys to serve the influx in business.