“There has always been a residual level of corporate failure but the current market is scary – it’s difficult to know what kind of staffing levels to implement,” he said. “We are drafting people in from the property finance and private equity departments, so there is a place for adaptable corporate finance staff, but the resourcing side could become an issue.” Phil Duffy, partner at corporate restructuring firm MCR, said the market was the busiest he had seen in 20 years.

Contributed by:  Insider Daily: Business news from the North West, 10^th March 2009  www.insidermedia.com