Latham & Watkins LLP

Bankruptcy/Restructuring Department

New York
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What the team is known for Acclaimed bankruptcy and workouts team with an established creditor practice and burgeoning debtor-side capabilities. Relied upon by clients in major Chapter 11 and 15 cases, as well as out-of-court restructurings and distressed M&A transactions. Maintains a fine reputation for its cross-border capabilities and is also particularly noted for its work in the energy sector. Notable strengths in bankruptcy-related litigation.

Strengths"Latham is one of the top legal advisory firms in restructuring," comments one Chambers research lead. "They are smart, business-minded lawyers and efficient. They don't run up bills and they work for the client, not themselves."

"Latham is clearly our first choice in terms of quality of work, professionalism and responsiveness," says another interviewee. "The firm willingly invests significant time on training seminars, form document revision and other important initiatives."

Work highlights Acted for Blackhawk Mining in connection with the out-of-court restructuring of its capital structure, including its equity and its asset-based lending, first lien term loan, and second lien term loan credit facilities. The company held around $1 billion in debt.

Notable practitioners

Andrew Parlen is a younger partner and a rising star of the Latham practice. He has seen his practice go from strength to strength since his 2018 arrival from O'Melveny & Myers, emerging as a real go-to for debtors, creditors and investors in a broad range of restructuring matters. Market commentators agree that he is a "very talented" attorney who "understands the dynamics of complicated situations."

George Davis continues to garner impressive levels of market approval for his sophisticated corporate restructuring practice. He acts for companies, creditors and investors in connection with Chapter 11 proceedings, out-of-court restructurings and distressed M&A, among other matters. Interviewees consider him a "top-notch" practitioner and attest to his "highly competent, constructive, deal-making approach" to complex restructuring challenges. Davis is a global cochair of the firm's restructuring, insolvency and workouts practice.

Mitchell Seider offers a respected restructuring practice, with notable recent mandates coming on behalf of lenders and debtors in connection with complex Chapter 11 proceedings and out-of-court workouts. Market commentators affirm that he is "a fine lawyer" and a "very impressive" practitioner. Seider is a global cochair of the firm's restructuring, insolvency and workouts group.