Lawyerpalooza

Earlier this month I noted the arrival of a new bankruptcy lawyer at Cravath, Swaine & Moore, one Richard Levin, whose charge it is to build a restructuring group at the firm.

Now we have word that Texas-based Vinson & Elkins has purchased Cronin & Vris, a New York-based bankruptcy boutique.

Seems pretty clear that, after a long silence in the corporate-bankruptcy arena, large law firms are gearing up for a change in the weather.