A Matter of Law in I-Banking

"Perhaps the most high-profile move came last Dec. 12, when James Sprayregen rejoined Kirkland & Ellis as a partner in its restructuring practice.

For Sprayregen, it was the prospect of more restructuring mandates that called him back to Kirkland. 'Goldman Sachs is a great firm and I'm glad I was there, but as I watched the restructuring cycle develop - with the credit market in the situation it was and remains to some extent, and with the calls I was getting from numerous potential clients and law firms asking about my availability - it got me thinking towards the latter part of the fourth quarter about the macroeconomic situation, the restructuring world's situation, and my own personal situation,' he says."

This article appeared in its entirety in the April 17, 2009 edition of Investment Dealer's Digest.