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Ranked in 1 Practice Areas
2

Band 2

Bankruptcy/Restructuring

New York

9 Years Ranked

About

Provided by Stephen Hessler

USA

Practice Areas

Steve Hessler is the global practice leader of Sidley’s Restructuring Group. He represents debtors, creditors, and investors in large and complex chapter 11 cases, out-of-court restructurings, and acquisitions—and has counseled clients across a broad range of industries, including: telecommunications, travel, energy, gaming, real estate, financial institutions, and manufacturing. He led the company-side representation of some of the most significant chapter 11 reorganizations in recent history, including Frontier Communications and Windstream Holdings, and represented the purchasers of Hertz Global Holdings (from their chapter 11 cases).

Steve is a frequent lecturer and author on various restructuring-related topics. In fall 2023, he will co-teach a corporate governance course at the University of Chicago Booth School of Business. For more than a decade, he previously co-taught a restructuring class at the University of Pennsylvania, most recently as an Adjunct Full Professor of Finance at the Wharton School, and received the Wharton Teaching Excellence Award in 2019, 2020, and 2021. He also co-founded the University of Pennsylvania Institute for Restructuring Studies, a multidisciplinary initiative intended to address topical restructuring issues and influence the public policy debate in a manner that has practical application for investors, practitioners, academics, and regulators.

He is the former chairman of the Advisory Board on Administrative Claims, Critical Vendors, and Other Pressures on Liquidity for the American Bankruptcy Institute’s Commission to Study the Reform of Chapter 11 (2012–2015). He is currently a Director, and for almost 15 years was the Board Chair, of Futures and Options, Inc., a 501(c)(3) organization that places students from New York City high schools in paid and mentored internships at private sector and nonprofit firms.

Personal

University of Michigan Law School, J.D., 2001; University of Michigan, B.A., 1995.

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