Rutherford’s Quarterly Restructuring & Insolvency Market Report draws on comprehensive data from publicly available sources to track and present legal talent flow, team composition, and lateral recruitment across leading law firms.
This edition reflects on Q1 2025 headcount and team structure by practice, offering insights into team sizes, attrition rates, lawyer-to-partner ratios, gender splits, and talent flow trends across the previous quarters.
As we move into Q2, we will offer further comparative insights to track how firms are navigating the evolving economic landscape. Future reports will also include updated data layouts, ranking firms by size and growth for easier benchmarking.
Given that many restructuring lawyers span multiple disciplines - from debt finance to distressed M&A - our methodology includes lawyers referencing restructuring expertise even if their practice is broader. This provides a fuller picture of R&I depth, though it may slightly inflate overall headcount figures. Where percentages are used, it’s important to note that movements within smaller teams can appear more pronounced. Attrition percentages are calculated based on the number of leavers during the period divided by current team headcount.
This report is intended as a directional overview of legal market trends within the restructuring and insolvency space.
If you would like more bespoke data, please reach out to one of our legal recruitment specialists.
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