When broadly syndicated bank loans dominated debt finance, law firms without deep-rooted connections with the banks issuing those loans were at a disadvantage when it was time to restructure a deal. 

Thanks to the rise of private credit (loans issued by non-bank lenders, private equity firms, and alternative asset managers), there are new opportunities in the restructuring market, making it more competitive than ever.

G&S attorney Timothy Carter is quoted on these market dynamics and how practitioners have adapted to position themselves for success in this Law.com article here.