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Comprehensive Guide to Leading Restructuring and Bankruptcy Advisory Firms

Discover the Top Experts Steering Companies Through Financial Turbulence

corporate restructuring office

Key Takeaways

  • Expertise and Specialization: The market hosts a diverse range of firms, each offering specialized services tailored to different aspects of restructuring and bankruptcy.
  • Global Reach and Local Presence: Leading advisory firms possess a global footprint, ensuring comprehensive support while maintaining local market insights.
  • Strategic Solutions and Operational Improvements: Beyond financial restructuring, top firms emphasize strategic realignment and operational enhancements to drive sustainable recovery.

Top Global Restructuring and Bankruptcy Advisory Firms

The landscape of restructuring and bankruptcy advisory firms is both vast and varied, encompassing global giants and specialized boutiques. These firms assist organizations in navigating financial distress, optimizing operations, and executing strategic turnarounds. Below is an extensive compilation of the most reputable firms in this domain.

1. AlixPartners

AlixPartners is renowned for its expertise in restructuring, turnaround, and operational improvement. The firm offers end-to-end bankruptcy and insolvency case management, providing strategic guidance to distressed companies across various industries.

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2. FTI Consulting

FTI Consulting specializes in restructuring and turnaround services, offering financial advisory and crisis management to organizations facing financial challenges. Their comprehensive approach ensures that clients receive tailored solutions to stabilize and revitalize their businesses.

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3. Alvarez & Marsal (A&M)

Alvarez & Marsal is a global professional services firm recognized for its leadership in restructuring and performance improvement. The firm excels in managing complex financial situations, providing strategic and operational support to distressed companies worldwide.

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4. PJT Partners Inc.

PJT Partners offers strategic advisory services, including liability management and distressed mergers & acquisitions (M&A). Their expertise in restructuring allows clients to navigate financial difficulties while pursuing strategic growth opportunities.

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5. Moelis & Company

Moelis & Company is highly regarded for its role in bankruptcy cases and restructuring advisory. The firm provides strategic counsel to both debtors and creditors, facilitating effective negotiations and restructuring plans.

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6. Conway MacKenzie (a Riveron Company)

Conway MacKenzie focuses on financial restructuring and business turnaround consulting. Their specialized services help companies stabilize operations, manage debt, and implement strategic initiatives to regain financial health.

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7. Houlihan Lokey

Houlihan Lokey specializes in financial restructuring, acting as an advisor in bankruptcy and distressed finance situations. Their expertise spans multiple industries, providing clients with strategic solutions to complex financial challenges.

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8. Kroll (formerly Duff & Phelps)

Kroll is a leader in restructuring advisory services, asset valuation, and corporate investigative work. Their comprehensive services support clients through financial distress by providing deep analytical insights and strategic recommendations.

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9. KPMG Restructuring

KPMG Restructuring offers comprehensive restructuring and turnaround solutions as part of its advisory services. They assist businesses in optimizing operations, managing liabilities, and implementing strategic initiatives to navigate financial challenges.

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10. EY-Parthenon (Ernst & Young)

EY-Parthenon provides restructuring services with a focus on rapid business transformation and operational improvements. Their strategic approach helps organizations adapt to changing market conditions and achieve sustainable growth.

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11. Deloitte Restructuring Services

Deloitte offers a wide range of restructuring services, including distressed M&A, operational turnaround, and strategic restructuring consulting. Their global network ensures that clients receive consistent and effective support across multiple jurisdictions.

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12. PwC Deals Advisory

PwC Deals Advisory provides financial restructuring and bankruptcy consulting services through its Deals practice. Their holistic approach integrates financial, operational, and strategic perspectives to address complex restructuring needs.

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13. Nextcontinent

Nextcontinent offers restructuring and turnaround solutions as part of its global consulting network. Their services are designed to help businesses stabilize operations, manage financial obligations, and implement strategic growth plans.

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14. NMS Consulting

NMS Consulting specializes in operational restructuring and corporate advisory services. Their expertise assists companies in optimizing business processes, reducing costs, and enhancing operational efficiency.

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15. Oliver Wyman

Oliver Wyman has a dedicated turnaround and restructuring group focused on stabilizing distressed businesses. They provide strategic insight and operational support to facilitate effective restructuring and sustainable recovery.

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16. McKinsey & Company

McKinsey & Company offers restructuring services as part of its broader management consulting portfolio. Their strategic approach aids organizations in navigating financial distress through comprehensive analysis and tailored solutions.

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17. Bain & Company

Bain & Company provides restructuring services within its management consulting framework. They focus on strategic realignment and operational improvements to help businesses overcome financial challenges.

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18. Grant Thornton

Grant Thornton offers restructuring services as part of its advisory offerings, assisting businesses in managing financial distress through strategic planning and operational enhancements.

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19. Berkeley Research Group (BRG)

Berkeley Research Group provides a range of advisory services, including corporate restructuring, financial disputes, and performance improvement. Their data-driven approach supports informed decision-making during financial distress.

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20. CohnReznick Restructuring Services

CohnReznick offers financial advisory services, including restructuring, insolvency, and turnaround solutions. Their comprehensive services help businesses navigate complex financial landscapes and implement effective recovery strategies.

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21. SFW Advisors (now part of Nardello & Co.)

SFW Advisors, now integrated into Nardello & Co., focuses on restructuring and financial advisory services for companies in need of turnaround solutions. Their specialized expertise supports businesses in managing financial challenges effectively.

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22. Leonardo Restructuring & M&A

Leonardo Restructuring & M&A offers restructuring, bankruptcy, and mergers & acquisitions advisory services. Their comprehensive approach aids businesses in navigating financial distress and pursuing strategic growth opportunities.

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23. McQueen Consulting

McQueen Consulting specializes in insolvency and restructuring consulting, providing strategic solutions for distressed companies. Their services are tailored to address the unique challenges faced by businesses in financial distress.

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24. LionPoint Advisors

LionPoint Advisors provides turnaround and restructuring advisory services to help businesses overcome financial challenges. Their strategic insights and operational expertise support sustainable recovery and growth.

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25. Aurelius Group

Aurelius Group focuses on distressed investing and corporate restructuring services. They specialize in revitalizing underperforming businesses through strategic restructuring and operational improvements.

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26. Edge Point Advisors

Edge Point Advisors specializes in restructuring, recapitalization, and turnaround advisory services for mid-market companies. Their tailored solutions address the specific needs of businesses undergoing financial restructuring.

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27. The Cambridge Group

The Cambridge Group offers strategic advisory services, including restructuring and turnaround solutions tailored to client needs. Their integrated approach ensures that businesses receive comprehensive support during financial restructuring processes.

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Specialized Boutique Firms

In addition to global consulting powerhouses, specialized boutique firms play a crucial role in providing tailored restructuring and bankruptcy services. These firms often offer niche expertise and personalized attention to their clients.

1. Chilmark Partners

Chilmark Partners specializes in providing strategic and operational restructuring services. Their focus on personalized solutions helps businesses navigate complex financial challenges with customized strategies.

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2. Province

Province offers comprehensive restructuring services, focusing on financial advisory and operational turnaround. Their expert team assists clients in formulating effective restructuring plans to achieve financial stability.

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3. SierraConstellation Partners

SierraConstellation Partners specializes in providing strategic advisory services for distressed companies. Their expertise includes financial restructuring, crisis management, and long-term strategic planning.

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4. Bederson LLP

Bederson LLP is recognized for its expertise in business turnaround and restructuring. They offer strategic consulting services aimed at revitalizing underperforming businesses and ensuring long-term success.

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5. Portage Point Partners

Portage Point Partners provides specialized restructuring and advisory services. Their focus on operational improvements and strategic restructuring supports businesses in achieving financial recovery.

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6. Grassi Industries

Grassi Industries offers tailored restructuring solutions, emphasizing operational efficiency and strategic planning. Their services are designed to help companies navigate financial distress with customized strategies.

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7. Force Ten Partners

Force Ten Partners specializes in providing strategic and financial restructuring services. Their expertise aids businesses in managing debt, improving operational performance, and executing effective turnaround plans.

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8. Dundon Advisors

Dundon Advisors offers comprehensive restructuring and financial advisory services. Their strategic approach helps businesses address financial challenges and implement sustainable recovery strategies.

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9. Novo Advisors

Novo Advisors provides specialized restructuring services, focusing on financial advisory and operational improvements. Their tailored solutions support businesses in achieving financial stability and growth.

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10. Ankura Consulting

Ankura Consulting offers strategic restructuring and insolvency services. Their comprehensive approach assists businesses in navigating financial distress through effective planning and execution.

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11. Huron Consulting

Huron Consulting provides restructuring and turnaround services, emphasizing strategic planning and operational optimization. Their expertise helps businesses overcome financial challenges and achieve sustainable growth.

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12. Phoenix Management Services

Phoenix Management Services specializes in corporate restructuring and financial advisory. Their services are designed to help businesses navigate financial distress and implement effective turnaround strategies.

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13. B. Riley Advisory Services

B. Riley Advisory Services offers a range of restructuring and financial advisory services. Their strategic approach assists businesses in managing financial challenges and optimizing operational performance.

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14. Aurora Management Partners

Aurora Management Partners provides restructuring and turnaround services, focusing on financial advisory and operational improvements. Their tailored solutions support businesses in achieving financial recovery and growth.

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Comparative Overview of Leading Firms

The following table provides a comparative overview of some of the top restructuring and bankruptcy advisory firms, highlighting their key areas of expertise and geographic presence.

Firm Name Key Expertise Global Presence Website
AlixPartners Restructuring, Turnaround, Operational Improvement Global alixpartners.com
FTI Consulting Restructuring, Turnaround, Crisis Management Global fticonsulting.com
Alvarez & Marsal Turnaround Management, Performance Improvement Global alvarezandmarsal.com
PJT Partners Inc. Liability Management, Distressed M&A Global pjtpartners.com
Moelis & Company Bankruptcy Cases, Restructuring Advisory Global moelis.com
Conway MacKenzie Financial Restructuring, Business Turnaround Regional conwaymackenzie.com
Houlihan Lokey Financial Restructuring, Distressed Finance Global hl.com
Kroll Restructuring Advisory, Asset Valuation Global kroll.com
KPMG Restructuring Restructuring, Turnaround Solutions Global kpmg.com
EY-Parthenon Business Transformation, Operational Improvements Global ey.com

Strategic Approaches to Restructuring

Leading advisory firms employ a variety of strategic approaches to assist organizations in financial distress. These methodologies are designed to stabilize operations, manage debt, and implement long-term solutions for sustainable growth.

Financial Restructuring

Financial restructuring involves reconfiguring a company's capital structure, managing debt obligations, and improving liquidity. Firms like AlixPartners and Houlihan Lokey excel in optimizing financial frameworks to enhance financial stability.

Operational Turnaround

Operational turnaround focuses on improving internal processes, reducing costs, and enhancing efficiency. Deloitte and EY-Parthenon are adept at implementing operational enhancements that drive performance improvements.

Strategic Realignment

Strategic realignment entails reassessing and redefining a company's strategic direction to align with market conditions. Firms such as McKinsey & Company and Bain & Company provide strategic counsel to help businesses reposition themselves for future success.

Distressed Mergers & Acquisitions (M&A)

Distressed M&A involves facilitating mergers or acquisitions during financial distress to create value and ensure business continuity. PJT Partners Inc. and Moelis & Company are leaders in managing distressed M&A transactions.

Crisis Management

Crisis management focuses on immediate actions to address and mitigate the impact of financial emergencies. FTI Consulting and Alvarez & Marsal are proficient in providing crisis management services that stabilize organizations during turbulent times.


Selecting the Right Advisory Partner

Choosing the appropriate restructuring and bankruptcy advisory firm is critical for successful financial recovery. Consider the following factors when selecting a partner:

  • Industry Expertise: Ensure the firm has experience in your specific industry, as this can influence the effectiveness of the restructuring strategies.
  • Geographic Presence: A firm with a global footprint can provide comprehensive support, especially for multinational organizations.
  • Service Range: Evaluate the breadth of services offered, from financial restructuring to operational turnaround and strategic advisory.
  • Track Record: Assess the firm’s history of successful turnarounds and their ability to deliver results in complex financial situations.
  • Client Engagement: Consider the level of personalized attention and customized solutions the firm offers to address unique business challenges.

By carefully evaluating these factors, businesses can select an advisory partner that best aligns with their restructuring needs and growth objectives.


Conclusion

The selection of a restructuring and bankruptcy advisory firm plays a pivotal role in an organization’s journey towards financial recovery and sustainable growth. From global powerhouses like AlixPartners and FTI Consulting to specialized boutiques such as Chilmark Partners and Province, the market offers a diverse array of expertise and services. By leveraging the right strategic and operational solutions, these firms empower businesses to navigate financial challenges, optimize operations, and realign their strategic direction for long-term success.


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Last updated January 30, 2025
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