Kirkland & Ellis and Jackson Walker are listed as debtor’s counsel on a number of recently filed high-profile bankruptcies. Houston consultant William C. Cobb said that the arrangement benefits both firms as well as clients, which get a team of experienced bankruptcy lawyers in addition to Jackson Walker’s lower billing rates. “You are going to see more and more of it,” Cobb said.

For more information, read The American Lawyer‘s “Kirkland’s Bankruptcy Partnership With Jackson Walker Could Be a Sign of Things to Come” (subscription required).