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"The overall team is strong and provides impeccable client service and practical business and legal advice," a client remarks.

Another source notes thefirm's "excellent restructuring practitioners."

Notable practitioners

Claudia Springer is a widely respected bankruptcy practitioner who draws praise for her "very practical approach to resolving issues." She counsels both debtors and creditors on high-value Chapter 11 proceedings.

Derek Baker offers expertise to commercial creditors in restructurings and out-of-court workouts. He draws praise as a "very good and highly regarded lawyer."

Eric Schaffer is widely esteemed for his work representing fiduciaries in high-value restructurings and bankruptcy proceedings. His matters often involve significant international elements. A client reports: "He is one of the best lawyers I have come across and has good strategic thinking."

Matthew Tashman wins praise for his "solid business acumen and legal insight that help clients reach a resolution." He is regularly called upon by financial services clients to advise on reorganizations.

Paul Singer is described by a peer as being "the gold standard at the bankruptcy Bar." He is well versed in handling complex bankruptcy litigation and Chapter 11 proceedings.

Peter Clark heads the firm's restructuring and insolvency group. His areas of strength include the representation of leading banks in bankruptcy litigation and workouts. Sources consider him to be "experienced, practical and smart."