Reed Smith LLP

Bankruptcy/Restructuring Department

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What the team is known for Outstanding bankruptcy practice with significant experience representing national and international clients in debt restructuring, workouts and other sophisticated insolvency proceedings. Regularly acts for creditors, lenders and creditors' committees, and has considerable knowledge of complex financial structures, including credit default swaps and structured investment vehicles. Growing debtors practice, and excels in bankruptcy litigation and the defense of bankruptcy class actions. Regularly acts for debtors in the manufacturing and energy sectors, as well as for prominent national and international banks.

Strengths"They are outstanding," enthuses a source. "Their team has a great depth and they are strong in every way."

"They are very good as a whole, very practical in resolving situations and very well known in the bankruptcy industry," a client reports.

Interviewees have "only the highest praise for an excellent team with a deep bench and multiple offices."

Notable practitioners

Claudia Springer acts for both creditors and debtors in bankruptcy proceedings and is highlighted for her astute representation of creditors' committees. Peers describe her as a "top-notch lawyer who is  practical and good to work with; she's excellent."

"Exceptional lawyer" Derek Baker is described as "a great technician and writer." His practice centers around advising distressed companies in bankruptcies and out-of-court workouts.

Eric Schaffer is particularly skilled in defaulted bond and debt restructuring matters. His clients describe him as "absolutely outstanding in every way," and include entities such as bond trustees collateral agents.

Matthew Tashman is accomplished in representing national banks and other financial institutions in loan restructurings and business reorganizations. "Clients think the world of him," says one source, while another calls him "a pleasure to work with."

Paul Singer is a dean of the bankruptcy Bar in Pennsylvania and is regularly sought out by fellow practitioners for advice. His experience includes debtor- and creditor-side representation in both bankruptcy litigation and out-of-court workouts.

Peter Clark is known for being "academically excellent and a pleasure to work with." He regularly represents creditors in bankruptcy litigation, including lenders and private equity funds.