Prime Clerk
Prime Clerk is a Kroll-owned professional services brand providing end-to-end restructuring and bankruptcy administration — including claims processing, creditor noticing, vote tabulation, and plan distributions — to corporate debtors and their advisors across major U.S. and cross-border Chapter 11 cases.
- Company typePrivate
- Founded2013
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Prime Clerk does
Prime Clerk operates as a specialized service brand within Kroll, LLC's Restructuring Administration division, delivering end-to-end restructuring and bankruptcy administration services to corporate debtors, their legal and financial advisors, and court-appointed representatives. Founded in 2013 and headquartered at One World Trade Center in New York, the firm manages the full lifecycle of Chapter 11 cases — from prefiling preparation and creditor list construction through case filing, noticing campaigns, claims administration, plan solicitation and vote tabulation, claim reconciliation, and plan distributions. Its representative case roster spans major bankruptcies across retail (JCPenney, Bed Bath & Beyond, Sears, Party City, rue21, J. Crew), healthcare and pharmaceuticals (Steward Health Care, Purdue Pharma, Mallinckrodt, RiteAid, Endo International), energy and utilities (PG&E, Talen Energy), financial services and crypto (FTX, BlockFi, Hertz), and media (Cineworld, Spanish Broadcasting System), indicating both depth in distressed-debt administration and breadth across industries.
The platform is built on proprietary technology rather than off-the-shelf legal-tech software. Core technical assets include a first-of-its-kind electronic claims filing platform that lets creditors submit claims digitally with a full audit trail, a proprietary electronic ballot platform supporting plan solicitation and vote tabulation, a contract summarization and abstraction tool for converting unstructured and structured client data into creditor lists, and a case management system that maintains an auditable record of every claim, amendment, objection, and creditor-debtor interaction. Client-facing features include dashboards, real-time reporting, data analytics, case-specific websites, and virtual data rooms. Adjacent offerings — Mass Tort Bankruptcy Solutions and Notice Media Solutions — extend the platform into complex tort Chapter 11 administration and customized digital/multimedia legal notice dissemination.
Commercially, Prime Clerk operates as a B2B professional services firm with a relationship-based enterprise sales model. Pricing is custom quote-based, determined by case complexity, creditor volume, service scope, and engagement duration, with multi-year case contracts rather than recurring subscription revenue. GTM is led by Managing Directors who engage directly with corporate debtors, bankruptcy attorneys, financial advisors, and trustees. Carlyle Group provided investment in December 2017, and operations are global and multi-lingual, with cross-border execution capability. Revenue is not publicly disclosed; the firm has 51-100 employees and is privately held under Kroll, LLC.
Prime Clerk firmographics
Firmographics- Name
- Prime Clerk
- Legal name
- Prime Clerk (operating as a service of Kroll, LLC)
- Website
- https://primeclerk.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Prime Clerk is a Kroll-owned professional services brand providing end-to-end restructuring and bankruptcy administration — including claims processing, creditor noticing, vote tabulation, and plan distributions — to corporate debtors and their advisors across major U.S. and cross-border Chapter 11 cases.
- Ownership category
- akta.pro rank
Where Prime Clerk is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Prime Clerk business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Restructuring Administration Services: Professional services revenue from end-to-end restructuring administration including claims processing, noticing campaigns, vote tabulation, plan distributions, and creditor communications. Services are typically contracted for specific bankruptcy or restructuring cases with fees based on complexity, volume, and scope of engagement.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom enterprise pricing based on case requirements |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Prime Clerk product offering
Product offeringCore offering
Prime Clerk provides end-to-end restructuring administration services for companies undergoing bankruptcy or complex corporate restructuring. Offerings cover prefiling preparation, case filing and creditor notifications, claims administration, plan solicitation and vote tabulation, claim reconciliation, and plan distributions. The services are delivered by Managing Directors using proprietary technology platforms, including an electronic claims filing system, an electronic ballot platform, and a case management system with auditable trails. Execution is global, multi-lingual, and cross-border, supporting matters that can involve hundreds of millions of creditors.
Product overview
Prime Clerk operates as part of Kroll's Restructuring Administration business services, providing end-to-end restructuring administration services. The offering is a unified platform combining multiple service modules including prefiling preparation, case filing, call center and communications support, creditor notifications, claims administration and case management, plan solicitation and vote tabulation, claim reconciliation, and plan distributions. The services leverage proprietary technology platforms and are complemented by specialized solutions for mass tort bankruptcies and notice media. Prime Clerk team members deliver these services across global case implementations.
Differentiator
Problem solved
Functional benefit
Products and services
- Restructuring Administration
Quantifiable outcome
- Hundreds of millions of creditors noticed across the globe
- +2 more outcomes
Companies that use Prime Clerk
Customer profileNamed customers36 records
Segments4 records
Ideal customer profiles3 records
Prime Clerk technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Prime Clerk partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights5 records
Prime Clerk competitors and assessment
Company assessmentOthers
- FTI Consulting: FTI Consulting is a global advisory firm with a major restructuring practice that frequently interfaces with restructuring administrators on large bankruptcies. While not a direct administrative agent, it is a key referral source and ecosystem participant alongside Prime Clerk on distressed matters.
- Alvarez & Marsal: Alvarez & Marsal is a global professional services firm with a leading restructuring advisory practice that often works alongside claims and noticing agents like Prime Clerk on the same Chapter 11 engagements. It is comparable as a restructuring ecosystem participant rather than a direct administrative agent competitor.
- GlassRatner Advisory: GlassRatner Advisory (now part of B. Riley Financial) provides restructuring advisory, forensic accounting, and expert services that often overlap with Kroll's restructuring business and interface with Prime Clerk on distressed engagements. It is comparable as an adjacent restructuring services peer rather than a direct administrative agent.
Direct peers
- Epiq: Epiq is the largest direct competitor to Prime Clerk in restructuring administration, claims processing, and creditor noticing, formed through the combination of Epiq, Kurtzman Carson Consultants (KCC), and Garden City Group. Both firms serve the same court-appointed administrative agent role on large Chapter 11 and mass tort matters.
- Stretto: Stretto (formerly Rust Consulting/Omni) is a leading claims and noticing agent for corporate restructurings and mass tort bankruptcies, operating a comparable technology-enabled platform for electronic claims filing, ballot solicitation, and plan administration. It competes head-to-head with Prime Clerk on court appointments in major Chapter 11 cases.
- Phoenix Capital Services: Phoenix Capital Services is a claims and noticing agent serving bankruptcy estates and corporate restructurings, offering comparable electronic claims filing, creditor matrix management, and solicitation services. It competes with Prime Clerk for court-appointed mandates in mid-market and select mega-matters.
- Omni Agent Solutions: Omni Agent Solutions provides restructuring administrative services including claims processing, creditor noticing, and solicitation agent work for Chapter 11 and out-of-court restructurings. It is a smaller but directly competitive claims and noticing agent to Prime Clerk in the same end market.
- BMC Group: BMC Group provides restructuring administration, claims management, and noticing services to corporate debtors, creditors, and trustees, with a focus on complex Chapter 11 matters. It competes with Prime Clerk for the same court-appointed agent role and has overlapping technology and call center capabilities.
- Donlin Recano: Donlin Recano is a claims, noticing, and solicitation agent frequently appointed in large Chapter 11 and mass tort cases, providing electronic claims filing, ballot tabulation, and plan distribution services directly comparable to Prime Clerk's core offering.
Broad incumbents
- Kroll: Kroll is the parent organization of Prime Clerk and a global financial services and professional services firm offering restructuring advisory, valuation, expert services, and corporate finance in addition to restructuring administration. It is relevant as the parent platform providing cross-sell, brand, and capital support to Prime Clerk.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Prime Clerk social profiles
Digital presencePrime Clerk financial estimates
Financial estimateRevenue estimate
Valuation estimate
Prime Clerk leadership team
Management profileNumber of profiles
Profiles5 records
Prime Clerk funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Prime Clerk M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Prime Clerk
What does Prime Clerk do?
Prime Clerk provides end-to-end restructuring administration services for companies undergoing bankruptcy or complex corporate restructuring. Offerings cover prefiling preparation, case filing and creditor notifications, claims administration, plan solicitation and vote tabulation, claim reconciliation, and plan distributions. The services are delivered by Managing Directors using proprietary technology platforms, including an electronic claims filing system, an electronic ballot platform, and a case management system with auditable trails. Execution is global, multi-lingual, and cross-border, supporting matters that can involve hundreds of millions of creditors.
Is Prime Clerk a public or private company?
Prime Clerk is a private company. It is classified as corporate owned and is currently operating.
When was Prime Clerk founded?
Prime Clerk was founded in 2013. It employs 51 to 100 people.
Where is Prime Clerk based?
Prime Clerk is headquartered in New York, United States, in the North America region.
How does Prime Clerk make money?
One revenue line is on record: restructuring Administration Services.
Who are Prime Clerk's main competitors?
Others on record are FTI Consulting, Alvarez & Marsal and GlassRatner Advisory. Direct peers are Epiq, Stretto, Phoenix Capital Services, Omni Agent Solutions, BMC Group and Donlin Recano. Kroll is listed as a broad incumbent.
Does Prime Clerk have an API?
No public API is recorded for Prime Clerk.