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What the team is known for Versatile team with significant expertise on major debtor workouts as well as the representation of creditors and asset purchasers. Regularly handles complex restructurings with a contentious component. Strong cross-border capabilities see it attract a broad client base, including hedge funds, financial institutions and blue-chip multinationals. Has enjoyed an exceptionally strong period of late, advising on most of the largest bankruptcies in the US in recent years.
Strengths A source comments: "I truly enjoy working with their enthusiastic and competent professionals and place a high degree of trust in their integrity and credibility."
Work highlights Continued to act for PG&E in all aspects of its Chapter 11 filing.
Gary Holtzer provides clients with restructuring advice both in and out of court, with particular expertise in Chapter 11 cases. His client base covers a wide range of industries, including the pharmaceuticals, media and utilities sectors. He also serves as the cochair of the firm's business finance and restructuring team.
Matt Barr is noted for his expertise in acting on behalf of lenders in bankruptcy matters, with additional experience representing debtors and noteholders. "He's a really experienced restructuring lawyer," reports a client, continuing: "The way he handles multiple advisers and attorneys is extremely helpful."
Ray Schrock continues his rapid ascent up the rankings on the back of his highly regarded bankruptcy practice. He is noted for his expertise in Chapter 11 cases, acting for debtors in industries ranging from retail to aerospace. According to one client: "He has a lot of credibility with the court and a very calm demeanor."