Ranking tables

Bankruptcy/Restructuring | USA

California

The focus is on corporate bankruptcy and restructuring and the legal processes related to distressed businesses, which can either be reorganized or go into liquidation. Also, especially in the current economic environment, the chapter includes lawyers who advise on acquisition opportunities that arise out of distressed businesses. Lawyers in this chapter assist clients such as corporate debtors, investors and asset purchasers, secured and unsecured creditors and creditors` committees, bondholders, insurers, directors of distressed companies and any other interested parties in corporate restructurings and bankruptcy proceedings. In addition to transactional work, bankruptcy also covers any related litigation, such as disputes between such parties in connection with distressed companies and Chapter 11 and Chapter 7 processes.

Rankings overview for Departments

All Departments profiles

1

Band 1

  1. Pachulski Stang Ziehl & Jones LLP
    1
    Pachulski Stang Ziehl & Jones LLP
    Bankruptcy/Restructuring
    2025 | Band 1 | 20 Years Ranked

    Pachulski Stang Ziehl & Jones maintains a market-leading presence, offering debtors, creditors' committees and trustees comprehensive bankruptcy and restructuring advice. Possesses extensive knowledge in areas such as cross-border insolvency, distressed debt investment and M&A for clients in diverse industries, including technology, healthcare and retail. Demonstrates notable proficiency in representing clients in both out-of-court and in-court proceedings, including expertise in contentious matters such as complex avoidance actions and claim litigation. Equally capable of advising individuals, small businesses and large multinational corporations.

  2. KTBS Law LLP
    Bankruptcy/Restructuring
    2025 | Band 1
2

Band 2

  1. Hogan Lovells US LLP
    2
    Hogan Lovells US LLP
    Bankruptcy/Restructuring
    2025 | Band 2 | 7 Years Ranked
    Hogan Lovells has an accomplished team that acts for an array of clients, from debtors and purchasers to creditors and committees. Adept at acting for companies in the financial, retail and healthcare spheres. Expertise includes Chapter 11 cases and out-of-court restructurings.
  2. Latham & Watkins LLP
    2
    Latham & Watkins LLP
    Bankruptcy/Restructuring
    2025 | Band 2 | 20 Years Ranked
    Latham & Watkins has a high-quality bankruptcy and restructuring practice with notable expertise in representing clients on both the creditor and debtor sides. Boasts considerable experience in acting on Chapter 11 cases and is also proficient at handling out-of-court workouts and prepackaged bankruptcies. Able to draw on the firm's full-service platform and extensive network of experts when advising on complementary areas such as tax and corporate finance. Exhibits additional strength in the Chapter 11 bankruptcy auction arena.
3

Band 3

  1. BakerHostetler LLP
    3
    BakerHostetler LLP
    Bankruptcy/Restructuring
    2025 | Band 3 | 5 Years Ranked
    BakerHostetler has a well-regarded bankruptcy practice with substantial experience in advising creditors, debtors and trustees. Regularly handles restructurings and workouts, as well as litigation. Active across a range of sectors, including energy, technology and financial services.
  2. Dentons
    3
    Dentons
    Bankruptcy/Restructuring
    2025 | Band 3 | 7 Years Ranked
    Dentons is a respected practice, particularly noted for its expert handling of bankruptcy matters in the healthcare sector. Offers broad expertise spanning Chapter 11 and Chapter 9 proceedings. Also well placed to advise on out-of-court workouts and bankruptcy litigation.
  3. Gibson, Dunn & Crutcher LLP
    3
    Gibson, Dunn & Crutcher LLP
    Bankruptcy/Restructuring
    2025 | Band 3 | 20 Years Ranked
    Gibson, Dunn & Crutcher is a strong full-service firm with expertise covering all aspects of bankruptcy and restructuring, including out-of-court agreements and distressed financing. Boasts a considerable cross-border offering, assisting multinational clients with complex issues, in addition to featuring prowess in debt restructurings and workouts in the real estate sector. Further strength in bankruptcy-related litigation, with considerable experience of acting in defense of boards of directors concerning breach of fiduciary duty and other claims. Further noted for handling high-profile matters involving the energy and retail sectors.
  4. Keller Benvenutti Kim LLP
    3
    Keller Benvenutti Kim LLP
    Bankruptcy/Restructuring
    2025 | Band 3 | 11 Years Ranked
    Keller Benvenutti Kim is a highly regarded bankruptcy boutique that offers strong representation in Chapter 11 matters, acting for private equity investors, creditors' committees and debtors. Active in a broad spectrum of areas, including hospitality, healthcare, construction and retail. Possesses a depth of knowledge across a variety of in-court and out-of-court proceedings, including insolvency-related litigation, cross-border restructurings and distressed M&A.
  5. Munger, Tolles & Olson LLP
    3
    Munger, Tolles & Olson LLP
    Bankruptcy/Restructuring
    2025 | Band 3 | 13 Years Ranked
    Munger, Tolles & Olson has a well-regarded bankruptcy group, counting a number of household names among its clients. Frequently acts on Chapter 11 proceedings and out-of-court restructurings, as well as litigation and asset purchases relating to bankruptcy. Notable experience in advising clients in the retail, media and technology sectors, among others.
  6. Paul Hastings LLP
    3
    Paul Hastings LLP
    Bankruptcy/Restructuring
    2025 | Band 3 | 6 Years Ranked
    Paul Hastings has a recently established team with notable capabilities in all manner of bankruptcy mandates, including Chapter 11 proceedings and workouts. Acts for a range of clients, including large financial institutions and companies from the telecommunications and aviation sectors.
  7. Quinn Emanuel Urquhart & Sullivan, LLP
    3
    Quinn Emanuel Urquhart & Sullivan, LLP
    Bankruptcy/Restructuring
    2025 | Band 3 | 12 Years Ranked
    Quinn Emanuel Urquhart & Sullivan offers high-quality representation in bankruptcy litigation, both domestically and internationally. Advises major stakeholders, including creditors' committees, liquidation trusts and acquiring hedge funds, on contentious cases, as well as out-of-court restructurings and workouts. Frequently engaged as special and conflicts counsel to handle complex and cutting-edge bankruptcy litigation in national Chapter 11 cases. Often advises on proceedings involving the real estate, energy and natural resources sectors.
  8. Sidley Austin LLP
    3
    Sidley Austin LLP
    Bankruptcy/Restructuring
    2025 | Band 3 | 20 Years Ranked
    Sidley Austin has an excellent group that acts on significant bankruptcy and restructuring cases for a wide range of domestic and international clients. Works regularly on creditor and company-side representations, in addition to advising asset purchasers. Noted expertise in advising clients on mass tort claims and restructurings across specialized industries such as transportation, energy and manufacturing. Counts a number of household names in the financial sector among its clients.
  9. Levene, Neale, Bender, Yoo & Golubchik LLP
    Bankruptcy/Restructuring
    2025 | Band 3
4

Band 4

  1. Greenberg Glusker LLP
    4
    Greenberg Glusker LLP
    Bankruptcy/Restructuring
    2025 | Band 4 | 8 Years Ranked
    Greenberg Glusker Fields Claman & Machtinger is a strong California firm with a broad bankruptcy practice. Experienced in acting for clients in matters ranging from involuntary bankruptcy cases to asset purchases. Expertise also includes Chapter 7 and Chapter 11 proceedings, in addition to bankruptcy-related litigation.
  2. Jones Day
    4
    Jones Day
    Bankruptcy/Restructuring
    2025 | Band 4 | 17 Years Ranked
    Jones Day regularly handles high-profile Chapter 11 bankruptcies and reorganizations, utilizing the firm's extensive network of offices and nationwide capabilities. Also has deep experience in transactional matters, including distressed M&A, as well as offering notable capabilities in financial distress litigation. An enviable client list includes distressed municipalities and national companies, private equity firms and financial institutions.
  3. Milbank LLP
    4
    Milbank LLP
    Bankruptcy/Restructuring
    2025 | Band 4 | 20 Years Ranked
    Milbank has an excellent insolvency group that undertakes varied Chapter 11 cases on behalf of a broad client base, including financial institutions, debtors and hedge funds. Frequently engaged in out-of-court restructurings both domestically and worldwide. Proficient in advisory work concerning insolvencies across an array of industries, with notable experience in oil and gas, media and financial services, among others.
  4. Sheppard, Mullin, Richter & Hampton LLP
    4
    Sheppard, Mullin, Richter & Hampton LLP
    Bankruptcy/Restructuring
    2025 | Band 4 | 20 Years Ranked
    Sheppard, Mullin, Richter & Hampton boasts a proven track record in Chapter 11 cases, representing creditors as well as creditors' committees, with clients including major financial institutions. Also regularly engaged in debtor-side representation, guiding companies through complex restructurings and litigation. Draws on the firm's full-service platform to support clients in insolvency-related issues involving ERISA, intellectual property and tax, among others. Additionally offers able counsel to Chapter 7 trustees.
5

Band 5

  1. DLA Piper LLP (US)
    5
    DLA Piper LLP (US)
    Bankruptcy/Restructuring
    2025 | Band 5 | 1 Years Ranked

    DLA Piper is a key player in the California bankruptcy space. The firm leverages its global reach to effectively support clients on complex restructurings and distressed transactions, often involving cross-border elements. The team advises a wide range of clients, including both debtors and creditors, with industry expertise spanning life sciences, retail, and financial services.

  2. Fox Rothschild
    5
    Fox Rothschild
    Bankruptcy/Restructuring
    2025 | Band 5 | 3 Years Ranked
    Fox Rothschild is noted for its expert representation of creditors in bankruptcy matters. The team is adept at handling restructuring proceedings, including Chapter 11 and Chapter 7 cases. Expertise spans the health, transportation, fitness and construction sectors.
  3. Katten
    5
    Katten
    Bankruptcy/Restructuring
    2025 | Band 5 | 13 Years Ranked
    Katten has a strong creditor-side practice that stands out particularly for its representation of financial institutions as lenders and administrative agents. Also offers accomplished counsel in relation to the acquisition and disposition of distressed assets. Further noted for its representation of third-party bidders in bankruptcy sales. Sought after for its strength in contentious situations, frequently acting for indenture trustees and creditor clients in bankruptcy-related litigation.
  4. O'Melveny & Myers LLP
    5
    O'Melveny & Myers LLP
    Bankruptcy/Restructuring
    2025 | Band 5 | 20 Years Ranked
    O'Melveny & Myers has an adept group that offers clients a broad spectrum of capabilities on significant and complex restructuring and bankruptcy cases. Undertakes representations on behalf of both creditors and debtors. Possesses notable sector strength in energy and natural resources, in addition to skill in handling transport sector-specific issues. Further areas of expertise include debtor-in-possession financing and distressed M&A.
  5. Perkins Coie LLP
    5
    Perkins Coie LLP
    Bankruptcy/Restructuring
    2025 | Band 5 | 2 Years Ranked
    Perkins Coie represents a broad client base, including debtors, lenders, unofficial committees and trustees, in regional and national bankruptcy proceedings. The team exhibits industry expertise in healthcare, hospitality, and media and entertainment, among others.