Law Firm's Role In Detroit's Financial Recovery Questioned

Critics Ask: Whose Interests Are Jones Day Serving In Detroit's Restructuring
The skyline of the city of Detroit is shown Thursday, March 14, 2013. Gov. Rick Snyder announced that he has chosen Kevyn Orr, a partner in the Cleveland-based law and restructuring Jones Day firm, as Detroit's emergency manager. Snyder's already declared a financial emergency in Detroit, saying local officials lacked a plan to solve it. The move makes Detroit the largest city in the U.S. to have its finances placed under state control. (AP Photo/Paul Sancya)
The skyline of the city of Detroit is shown Thursday, March 14, 2013. Gov. Rick Snyder announced that he has chosen Kevyn Orr, a partner in the Cleveland-based law and restructuring Jones Day firm, as Detroit's emergency manager. Snyder's already declared a financial emergency in Detroit, saying local officials lacked a plan to solve it. The move makes Detroit the largest city in the U.S. to have its finances placed under state control. (AP Photo/Paul Sancya)

Detroit — Global law firm Jones Day could have a crucial — and perhaps lucrative — role in the fight to save Detroit from insolvency, prompting concerns about possible conflicts in the emotional debate about the city's restructuring.

Jones Day was retained by the city to serve as its restructuring attorney three days before one of its partners, Kevyn Orr, was appointed emergency manager by Gov. Rick Snyder. The firm is expected to work closely with Orr to renegotiate Detroit's nearly $15 billion in long-term debt.

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