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DEPARTMENT PROFILE

Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates

Bankruptcy/Restructuring

1 ranked lawyersBand 3USA - NationwideUSA 2021 View ranking table
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department information
Ranked Lawyers
chambers review
department information
Ranked Lawyers

Chambers Review

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.

What the team is known for

Known for regularly acting on engagements covering multiple jurisdictions. Well equipped to undertake complex bankruptcy litigation on behalf of high-profile clients, with an impressive track record in debtor-side representations. Provides expert counsel to distressed companies on pre-bankruptcy concerns, including planning for market illiquidity, as well as appearing in high-profile Chapter 11 cases. Also noted for its work on prepackaged bankruptcies, as well as distressed M&A.

Strengths

"The team is excellent - they are great listeners and they identify the key issues," reports an interviewee.

Clients comment: "The entire team is very professional and technically competent. The firm is also collaborative across the practice areas and easily brings in resources from across the firm to support the engagement needs."

Work highlights

Advised The McClatchy Company and its affiliates on their Chapter 11 reorganization in the US Bankruptcy Court for the Southern District of New York, which concerns around $1.6 billion in debt.

Notable practitioners

Paul Leake acts for clients on both the debtor and creditor sides on matters across industries including healthcare, retail and media. He is adept at handling out-of-court restructurings as well as Chapter 11 proceedings and related transactions.
"He is incredibly responsive, very practical and able to explain very complex areas of the law simply. He's an amazing resource." "He is a very seasoned practitioner and doesn't miss a detail."

Department Information

This content is provided by Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates.

Overview

The Corporate Restructuring Group at Skadden provides innovative solutions to clients involved in distressed company situations, which allow clients to minimize costs, enhance value and properly position themselves for the future.

We represent troubled companies, their boards, management, owners, creditors, lenders, investors and acquirors handling restructurings in and out of court, financial recapitalizations, business reorganizations, acquisitions and liquidations. Our lawyers also advise on insolvency issues in corporate and financing transactions and on all aspects of distressed debt trading and securities issues. A substantial aspect of our practice focuses on avoiding or mitigating the adverse effects of liquidity or other crises through contingency planning and helping companies overcome the inertia of a downward spiral while they still have alternatives to bankruptcy. In addition, our presence in Europe, Asia and South America allows us to address clients’ needs in the context of insolvency and bankruptcy regimes around the world.

Our Corporate Restructuring Group consistently has been recognized by peers and restructuring professionals as one of the top practices in the world. Skadden was named Corporate Restructuring Team of the Year by The American Lawyer and Legal Week at the 2017 Transatlantic Legal Awards, as well as U.S. News — Best Lawyers Law Firm of the Year for its Corporate Restructuring Group as part of the publication’s 2017 “Best Law Firms” survey.

Bankruptcy/Restructuring

Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates

firm
Location

One Manhattan West

New York

New York

USA

10001

View Firm Profile

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.

USA - Nationwide

Bankruptcy/Restructuring