Hours aren’t very busy for bankruptcy group at my firm. Seems like we’re waiting for a surge of some sort. A lot of advisory questions at the partner level but not coming down so quick. Anyone else?

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Having the same experience in my restructuring group. Work has been unpredictable the last few weeks (some days with minimal and other days are fire drills). The group has been trying to incorporate associates as much as possible, but the partners are pretty much waiting for the flood at this point. Told us to enjoy the slow days because it’s coming 😂

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I can only speak for my firm/group, which has been adamant about job security and keeping all of our associates. Big law in NYC for reference.

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Bankruptcy? Just wait for it; you'll get work. And tell your corporate clients to apply for a tax filing extension to preserve their ability dump their tax liabilities in bankruptcy. The IRS hasn't said yet whether the automatic July extension applies to whether taxes are timely filed for bankruptcy purposes. Better safe than sorry.

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It'll come. I'm in real estate and even though it's dead right now, the loan and lease modifications are coming. I just hope they come soon enough to keep me from getting laid off.

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You can always make people notice. Email your groundwork to everyone in your team, cc any related practice group leaders who may be interested. Expressly state in the email that you are aware work will be coming soon and that you want to make sure everyone in the practice group is ready. You might also cc your managing partner, just so everyone knows your practice group is ready.

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Ramping up. I hope the work comes in before any of us get laid off and I especially hope the clients can pay in full.

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Lots of ramping up going on.

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