Bankruptcy attorneys may have the hottest job in the downturn

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Bankruptcy attorneys are the new rock stars in the legal world, an ignominious consequence of the coronavirus pandemic decimating the economy.

Consider this: Openings for bankruptcy attorneys have tripled since January on online job board ZipRecruiter, while postings across all industries have fallen 48%. Meanwhile, big corporate law firms like Dorsey & Whitney and Paul Hastings are adding lawyers to their bankruptcy teams in preparation for a deluge of business restructurings.

“We definitely anticipate a surge of bankruptcies,” says Amy Quackenboss, executive director of the American Bankruptcy Institute. “The big question in the crystal ball is how many, and how soon.”

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