Faegre Drinker

Bankruptcy/Restructuring Department

Pennsylvania: Philadelphia & Surrounds
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What the team is known for Excellent practice with particular emphasis on assisting healthcare clients in insolvency matters and corporate restructurings. Highly skilled in mass tort Chapter 11 proceedings and cases involving private equity portfolio companies. Accomplished in acting for both lenders and creditors in loan workouts.

Strengths One client describes the team as "pragmatic, client-oriented, responsive and very experienced."

A further interviewee appreciates the team's "strong legal skills and deep understanding of underlying business issues."

Another source adds: "They seamlessly and professionally bring together various disciplines to serve the client."

Work highlights Acted for Stonebridge Financial in its Chapter 11 proceedings and sale of a subsidiary bank.

Notable practitioners

Andrew Kassner cochairs the firm and is an esteemed bankruptcy practitioner with substantial expertise in Chapter 11 proceedings and litigation. He is described as "an encyclopedia of knowledge of the law" by one source, while another describes him as "attentive and helpful in terms of designing and developing strategy."

Sources report that Joseph Argentina is "great at explaining the intricacies of the law and providing practical solutions." He frequently acts on both in-court and out-of-court restructurings on behalf of a range of parties.