NEW YORK, Oct. 22, 2014 /PRNewswire/ -- The Deal, TheStreet's (NASDAQ:TST) institutional business, announced the results of their quarterly rankings of the top firms and professionals involved in active bankruptcy cases for the third quarter of 2014. Data collected captures only active restructuring work on ongoing U.S. and Canadian cases.

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"The favorable interest rate environment continues to subdue the number of in-court reorganizations, but we have noticed a growing number of healthcare providers entering bankruptcy to sell their assets," reported Anders Melin, Senior Editorial Data Coordinator for The Deal. "The implementation of the Affordable Care Act earlier this year came with a number of new mandates on things such as insurance reimbursement models and digitalization of medical records, which have squeezed the margins of healthcare providers. The smaller players have a tough time incurring these additional costs and therefore often end up being bought out of bankruptcy by larger competitors."

League Table highlights:


    --  The top three law firms held onto their rankings from Q2 with Saul Ewing
        LLP with $1,091.9 billion in liabilities; Vedder Price PC with $1061.4
        billion in liabilities; Akin Gump Strauss Hauer & Feld LLP with $1,046.5
        billion in liabilities. They were followed by Goulston & Storrs PC with
        965.9 billion in liabilities and Duane Morris LLP with $952.9 billion in
        liabilities.
    --  Amongst lawyers, Michael Schein (Vedder Price PC) held on to his top
        ranking from last quarter, followed by Douglas Rosner (Goulston & Storrs
        PC), Richard Hahn (Debevoise & Plimpton LLP), Scott Davidson (King &
        Spalding LLP) and Daniel Golden (Akin Gump Strauss Hauer & Feld LLP).
    --  For investment banks, the top four banks held on to their rankings from
        Q2 2014. Blackstone Group LP maintained its lead with $795.5 billion in
        liabilities, followed by Miller Buckfire & Co. LLC in second place with
        $727.8 billion in liabilities, Jefferies LLC in third place with $88.6
        billion in liabilities, Centerview Partners LLC in fourth place with
        $52.1 billion in liabilities. Evercore Group LLC ranked fifth with $36.9
        billion in liabilities.
    --  The top five investment bankers held onto their rankings from Q2 with
        Timothy Coleman (Blackstone Group LP) in the lead, followed by Stuart
        Erickson (Miller Buckfire & Co. LLC), Leon Szlezinger (Jefferies LLC),
        Steven Zelin (Blackstone Group LP) and Robert White (Jefferies LLC).

The full suite of rankings is available now on The Deal Pipeline, the transaction information service powered by The Deal's newsroom and the full report is also available online.

About The Deal's Bankruptcy League Tables

The Deal's Bankruptcy League Tables are the industry's only league tables focused solely on active bankruptcy cases. The Bankruptcy League Tables by volume involve only active U.S. bankruptcy cases of debtors with liabilities of $10 million or more. The rankings are based on the aggregation of those liability values. The table reflects the number of active cases fitting that criteria and may not characterize the total number of active cases. Firms and professionals only get one credit for each active case, not each active assignment. The Bankruptcy League Tables by number involve U.S. and Canadian bankruptcy cases irrespective of debtor asset size. Professionals receive credit for multiple assignments on one case.

About The Deal

The Deal is a media and data company providing over 45,000 users with extensive coverage of M&A, private equity, restructuring, activism and ECM. As the No. 1 provider of deal intelligence in North America, law firms, investment banks, hedge funds and private equity firms rely on The Deal's analysis of potential and announced transactions for business development and research. The Deal is the institutional arm of TheStreet, Inc. and has offices in New York, London, Washington, D.C. and Petaluma, CA. For more information, visit www.thedeal.com.

CONTACT:
Emily Scheer
212.321.5521
Emily.Scheer@thestreet.com

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SOURCE TheStreet, Inc.