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DLA Piper LLP (US)

Bankruptcy/Restructuring

USA Guide 2026 : Illinois

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DLA Piper LLP (US)

Rankings

Chambers Review

Provided by Chambers

Bankruptcy/Restructuring - Illinois

Band 3

What the Team is Known For

DLA Piper has a respected Chicago team noted for its work on large cross-border bankruptcies. The firm has a particular strength in the representation of funds as investors in and purchasers of distressed companies, while also noted for its debtor-side representations in Chapter 11 bankruptcies.

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Work Highlights

Provided by Chambers

  • DLA Piper advised New Amscan, subsidiary of Ad Populum, as the stalking horse bidder for the USD20.6 million acquisition of intellectual property assets and franchise agreements of Party City.

Strengths

Provided by Chambers

  • They're very organized, detail-oriented and able to lead the company though the entire process from beginning to end.

    Bankruptcy/Restructuring respondentUSA

  • They are extremely practical and easy to work with in a very complicated and contentious environment. They take the time to understand the business and the issues.

    Bankruptcy/Restructuring respondentUSA

  • DLA has immense knowledge and experience and offers excellent outcomes.

    Bankruptcy/Restructuring respondentUSA

Notable Practitioners

Provided by Chambers

  • Richard A Chesley
    Richard A Chesley

    Richard A Chesley

    Richard Chesley represents clients in Chapter 11 filings. He also advises on domestic and international distressed M&A. He serves as the firm's global managing partner.

    • Richard is smart and strategic.

      Bankruptcy/Restructuring respondentUSA

    • Richard carries the room and is very very effective. He is definitive and direct and knows when to build consensus.

      Bankruptcy/Restructuring respondentUSA
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  • John K Lyons
    John K Lyons

    John K Lyons

    John Lyons primarily acts for debtors and trustees in Chapter 11 and distressed M&A. He often handles cross-border matters.

    • He is very even keeled; a very good lawyer.

      Bankruptcy/Restructuring respondentUSA

    • He is very savvy and experienced and one of the nicest people to work with.

      Bankruptcy/Restructuring respondentUSA
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  • Oksana Koltko Rosaluk
    Oksana Koltko Rosaluk

    Oksana Koltko Rosaluk

    Oksana Koltko Rosaluk is a flourishing talent in the restructuring market. Company clients look to her for advice in sophisticated in- and out-of-court restructurings, asset sales and reorganizations.

    • She is very knowledgeable and is able to boil down complex issues into more digestible pieces.

      Bankruptcy/Restructuring respondentUSA

    • Oksana is a fantastic negotiator; she is extremely smart, very experienced and collaborative.

      Bankruptcy/Restructuring respondentUSA
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Ranked Individuals at DLA Piper LLP (US) (3)

Illinois

DLA Piper LLP (US) has rankings in the following guides

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