What a thought provoking question. Which firm is this for and is it for a vacation scheme?
In answer to your question, I'll keep it brief as
@Rob93 and others have provided great answers. In my mind, every decision that a firm makes in relation to client matters is generally/should be in the interest of wider stakeholders.
I was discussing this with a friend the other day and thought: The client that you are representing is often publicly listed, which means that the 'wider stakeholders' often include pension funds, ISAs, other funds etc all the way down to individual shareholders. Understandably, investors know, or should know, that their capital is at risk. However, coming from a pure capitalistic point of view, at least you may be saving normal people that don't even realise they are invested in the company £millions.
Also, from a less capitalistic point of view, it could come down to the jobs that one is saving in the process of successful representation.
It's a ruthless world and thats just my two-cents. I also agree with the other points mentioned.