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Most innovative US law firms: Finance law 2012

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RankStandout
InnovationAdvising Anchorage Capital on the Zais restructuring
Originality7
Rationale7
Impact8
Total22
DescriptionThe involuntary pre-packaged bankruptcy case was the first use of Chapter 11 to unwind a collateralised debt obligation. It creates a precedent for distressed CDOs to be reorganised in bankruptcy.