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

Bankruptcy/Restructuring: The Elite

USA Guide 2026 : New York


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

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About

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

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.

Chambers Review

Provided by Chambers

Bankruptcy/Restructuring: The Elite - New York

Band 3

Band 3


What the Team is Known For

Skadden, Arps, Slate, Meagher & Flom LLP fields an impressive bankruptcy and restructuring group counting high profile creditors, investors and debtors among its clientele. The firm draws upon its highly capable M&A practice to provide wide-ranging transactional advice on distressed situations in the energy, technology and financial services sectors. The team possesses a breadth of experience in out-of-court and in-court bankruptcy proceedings, including wind-downs, prepackaged bankruptcies and financial recapitalizations, and offers notable cross-border capability.

Work Highlights

Provided by Chambers

  • Skadden, Arps, Slate, Meagher & Flom represented Endo in its Chapter 11 restructuring.

Strengths

Provided by Chambers

  • They are creative and have the ability to solve complex matters.

    Bankruptcy/Restructuring: The Elite respondentUSA
  • It was important to get ahead of the commercial issues and they did that.

    Bankruptcy/Restructuring: The Elite respondentUSA

Notable Practitioners

Provided by Chambers

  • Band 2Paul Leake
    Band 2Paul Leake

    Paul Leake

    Paul Leake is experienced in both domestic and international bankruptcy matters, regularly acting for clients including bondholders, debtors and administrative agents.
    • He is very smart and practical.

      Bankruptcy/Restructuring: The Elite respondentUSA
    • Paul is incredibly smart.

      Bankruptcy/Restructuring: The Elite respondentUSA
    • Paul is a fabulous, detailed and creative problem-solver. He has strong judgment and skills to deliver results.

      Bankruptcy/Restructuring: The Elite respondentUSA
    • His main strength is the ability to take a complex set of facts and distil and communicate them to stakeholders.

      Bankruptcy/Restructuring: The Elite respondentUSA
    • He is very skilled at keeping things going and problem-solving.

      Bankruptcy/Restructuring: The Elite respondentUSA
  • Band 5Shana Elberg
    Band 5Shana Elberg

    Shana Elberg

    Shana Elberg displays expertise in sophisticated restructuring matters, including Chapter 11 cases and out-of-court workouts. Her clientele includes both lenders and debtors.
    • She is incredibly practical and no-nonsense. She gets right to the point.

      Bankruptcy/Restructuring: The Elite respondentUSA

Ranked Individuals at Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates (2)

New York

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

Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates has rankings in the following guides

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