WSJ News Exclusive | McKinsey Winding Down Firm’s Bankruptcy Practice
Consulting firm McKinsey & Co. is winding down its bankruptcy practice after numerous lawsuits and government investigations concerning the division’s work advising troubled borrowers, people familiar with the matter said.
Some McKinsey partners who had previously focused on bankruptcy advisory work in the firm’s recovery and transformation services, or RTS, division have either been leaving the firm or pivoting to other kinds of work, the people said.
