The January 1, 2010 edition of BankruptcyLaw360
named Venable's Bankruptcy group fifth among the top bankruptcy practices in the nation and quoted Greg Cross
, chair of Venable's Bankruptcy practice, throughout the story.
According to Law360
, 2009 saw more Chapter 11 cases larger than $1 billion filed than ever before. The publication compiled its top-five list, which includes Weil Gotshal & Manges LLP, Skadden Arps Slate Meagher & Flom LLP, Jones Day, Richards Layton & Finger PA and Venable, based on the size of debtor assets under representation in the 50 largest corporate bankruptcies of 2009. All representation data was compiled from BankruptcyData.com.
specifically mentioned Venable’s representations in Thornburg Mortgage Inc.'s Chapter 11 case as well as Venable's extensive work on the GGP workout as 2009 highlights for the firm.
According to Cross, approximately 40 percent of the group’s active cases came to Venable because of the firm’s experience executing commercial real estate financing structures, REITS and commercial real estate workouts. "The commercial real estate cases are complex workouts at the core of bankruptcies, and we do those all over the country," Cross said. "We typically get these cases because of our reputation [for commercial real estate work]."