A new study has found that the market for U.S. bankruptcy-law firms is far more competitive than previously thought, casting doubt on the power of the biggest firms to steer cases to individual bankruptcy courts. The study, which examined more than 200 large public corporations that filed for bankruptcy between 2001 and mid-2005, found that those companies hired 103 law firms as their lead bankruptcy counsel. It concluded that the numbers indicated a "largely fragmented" market. Three of the country's biggest law firms -- Skadden, Arps, Slate, Meagher & Flom LLP; Weil, Gotshal & Manges LLP; and Kirkland & Ellis ... .