DEPARTMENT PROFILE

Kirkland & Ellis

Restructuring/Insolvency

4 ranked lawyersBand 1London (Firms)UK 2021 View ranking table
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chambers review
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What the team is known for

Outstanding reputation in the restructuring market for handling high-value cross-border cases. Expertise in European restructurings and US Chapter 11 cases. Able to draw on firm-wide experts in private equity, finance and high-yield bonds when advising on complex multidisciplinary matters. Advises clients on the company and creditor sides, with an impressive following of blue-chip investors. The team continues to advise on some of the most prominent restructuring and insolvency matters, including notable recent work in the retail sector.

Strengths

One client reports: "They are involved in every deal out there, and that gives them incredible transparency and reach. They have a great view of the market and add lots of value on top of pure legal advice."

Sources say: "The firm has very strong experience and has standout practitioners in designing, implementing and adapting complex company voluntary arrangements."

Clients reveal: "Kirkland has very commercial and very sharp lawyers for whom nothing is to hard to do - it's a top-of-the-class product," adding: "The restructuring team is very strong."

Work highlights

Acted for Forever 21 on its voluntary Chapter 11 bankruptcy and USD350 million debtor-in-possession financing.

Notable practitioners

Elaine Nolan ’s practice spans the gamut of domestic and international restructuring and insolvency matters, with notable experience of advising retailers and casual dining businesses regarding CVAs. She is also adept at acting on behalf of both creditors and administrators.
"She has been extremely helpful in considering various options and advising on both the technical and commercial aspects of each."

Kon Asimacopoulos is held in high regard by both companies and investors, who rely upon his expertise for advice on many of the UK's most complex restructuring mandates. He is also well placed to act on cross-border transactions, with his experience including the European and US markets.
"He's strategic, tactical and knowledgeable. He understands the law, and rises above the weeds and thinks about the overarching strategy and tactics of a transaction." "He is certainly one of the leading practitioners in the market." "We have a lot of respect for Kon - he is just a great leader and always ahead of the curve in knowing what is happening next; he is very impressive."

Partha Kar is highly regarded for his experience advising on cross-border restructuring and insolvency matters for both creditors and debtors. His practice spans an array of sectors including retail, travel and pharmaceuticals, among others.

Sean Lacey comes recommended for his expertise advising clients on both restructurings and special situations. He has particular experience acting on CVAs, advising both distressed corporates and creditors.
"He is extremely hard-working and very knowledgeable. He can bring different people together and push transactions forward. Sean is excellent at executing transactions and getting stuff done." "He's a super lawyer. His brain works at an incredible pace, working out all angles at a very quick pace and pre-empting others - he's an absolute master." "He has incredible intellectual firepower and is exceptionally good."

Department Information

This content is provided by Kirkland & Ellis.

Overview

Kirkland’s restructuring group has earned a distinguished international reputation by achieving outstanding results for a wide range of global clients. Its lawyers have advised on some of the most challenging, multijurisdictional restructurings in recent history and have a broad range of business advisory and crisis-management skills to navigate clients through situations involving financially troubled companies. The team continue to advise on matters across all industries and has been first to implement more unprecedented and unique restructuring mechanisms than any other firm to date. The group prides itself on being able to offer clients innovative and executable solutions to complex supported by examples of comparable transactions successfully developed and implemented by its lawyers. Furthermore, the group regularly draw upon and benefit from the experience of Kirkland's internationally recognised lawyers in leveraged finance, securities, corporate, tax, real estate, litigation and intellectual property to provide the full-service capabilities its clients need for the various legal matters they retain Kirkland to handle.

Members

Asimacopoulos, Kon

Czyzyk, Matthew

Kar, Partha

Lacey, Sean

Nolan, Elaine

Nolan, Elaine

Watson, James

Restructuring/Insolvency Department

Kirkland & Ellis

firm
Department location

30 St Mary Axe

London

Greater London

UK

EC3A 8AF

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Ranked Lawyers

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

London (Firms)

Restructuring/Insolvency


Elaine Nolan
Band 6
Kon Asimacopoulos
Band 1