Why insolvency figures have been at record highs in 2024 (and will likely continue in 2025)

The countercyclical practice area of restructuring and insolvency has experienced a hugely busy calendar year, with the volume of work not expected to dissipate anytime soon. With that is coming renewed interest from the emerging generation for such legal work, says one BigLaw partner. In this episode of The Lawyers Weekly Show, host Jerome Doraisamy speaks with Clayton Utz partner Maria O’Brien about her longstanding interest in restructuring and insolvency, how and why practising in this space feeds into one’s sense of self as a lawyer, responding to various market conditions, and why corporate insolvency has “really taken off this year”. O’Brien also discusses how regulatory scrutiny and parliamentary inquiries are impacting the landscape, the sectors that are being hit hardest and why, the experience of lawyers in this space in recent times, why new lawyers are more interested in working in restructuring and insolvency, and how to ensure best practice for clients in such interesting yet challenging times.

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