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USA California Bankruptcy/Restructuring

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.

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1
Band 1
  1. KTBS Law LLP f/k/a Klee, Tuchin, Bogdanoff & Stern LLP
    1
    KTBS Law LLP f/k/a Klee, Tuchin, Bogdanoff & Stern LLP
    Bankruptcy/Restructuring
    2022 | Band 1 | 16 Years Ranked
    Standout boutique with exceptional expertise in a range of reorganizations, transactions and bankruptcies, including appellate matters. Proficient at litigating contentious cases, with strength in Chapter 9 municipal bankruptcies. Features an outstanding team of attorneys with deep experience in the area. Houses significant capabilities in the retail sector, frequently serving as debtor or purchaser counsel in several of the sector's major national filings. Also acts for investors and entities in the entertainment sector.
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  2. Pachulski Stang Ziehl & Jones LLP
    1
    Pachulski Stang Ziehl & Jones LLP
    Bankruptcy/Restructuring
    2022 | Band 1 | 16 Years Ranked
    Maintains a leading market 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 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.
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2
Band 2
  1. Gibson, Dunn & Crutcher LLP
    2
    Gibson, Dunn & Crutcher LLP
    Bankruptcy/Restructuring
    2022 | Band 2 | 16 Years Ranked
    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 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.
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  2. Hogan Lovells US LLP
    2
    Hogan Lovells US LLP
    Bankruptcy/Restructuring
    2022 | Band 2 | 4 Years Ranked
    Accomplished team acting 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.
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  3. Latham & Watkins LLP
    2
    Latham & Watkins LLP
    Bankruptcy/Restructuring
    2022 | Band 2 | 16 Years Ranked
    High-quality bankruptcy and restructuring practice with notable expertise in representing clients on both the creditor and debtor sides. Boasts considerable experience acting on Chapter 15 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.
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  4. Milbank LLP
    2
    Milbank LLP
    Bankruptcy/Restructuring
    2022 | Band 2 | 16 Years Ranked
    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.
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3
Band 3
  1. Jones Day
    3
    Jones Day
    Bankruptcy/Restructuring
    2022 | Band 3 | 13 Years Ranked
    Regularly handles high-profile Chapter 11 bankruptcies and reorganizations, utilizing the firm's extensive network of offices and nationwide capabilities. Possesses expertise in pension and retiree legacy issues, and frequently advises on mass tort and asbestos restructurings. 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.
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  2. Sidley Austin LLP
    3
    Sidley Austin LLP
    Bankruptcy/Restructuring
    2022 | Band 3 | 16 Years Ranked
    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 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.
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  3. Keller Benvenutti Kim LLP
    Bankruptcy/Restructuring
    2022 | Band 3
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  4. Levene, Neale, Bender, Yoo & Golubchik LLP
    Bankruptcy/Restructuring
    2022 | Band 3
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  5. Quinn Emanuel Urquhart & Sullivan, LLP
    Bankruptcy/Restructuring
    2022 | Band 3
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4
Band 4
  1. BakerHostetler LLP
    4
    BakerHostetler LLP
    Bankruptcy/Restructuring
    2022 | Band 4 | 2 Years Ranked
    Well-regarded bankruptcy practice with substantial experience 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.
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  2. Dentons
    4
    Dentons
    Bankruptcy/Restructuring
    2022 | Band 4 | 4 Years Ranked
    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. Additionally well placed to advise on out-of-court workouts and bankruptcy litigation.
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  3. Greenberg Glusker Fields Claman & Machtinger LLP
    4
    Greenberg Glusker Fields Claman & Machtinger LLP
    Bankruptcy/Restructuring
    2022 | Band 4 | 5 Years Ranked
    Strong California firm with a broad bankruptcy practice. Experienced in acting for clients in matters spanning involuntary bankruptcy cases to asset purchases. Expertise also includes Chapter 7 and Chapter 11 proceedings in addition to bankruptcy-related litigation.
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  4. Katten
    4
    Katten
    Bankruptcy/Restructuring
    2022 | Band 4 | 9 Years Ranked
    Strong creditor-side practice that particularly stands out 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 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.
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  5. Munger, Tolles & Olson LLP
    4
    Munger, Tolles & Olson LLP
    Bankruptcy/Restructuring
    2022 | Band 4 | 9 Years Ranked
    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 advising clients in the retail, media and technology sectors, among others.
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  6. Sheppard, Mullin, Richter & Hampton LLP
    4
    Sheppard, Mullin, Richter & Hampton LLP
    Bankruptcy/Restructuring
    2022 | Band 4 | 16 Years Ranked
    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.
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  7. Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates
    4
    Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates
    Bankruptcy/Restructuring
    2022 | Band 4 | 16 Years Ranked
    Features a strong track record acting on restructuring matters, covering recapitalizations and prepackaged bankruptcies as well as distressed asset acquisitions and dispositions. Regularly represents significant clients in industries such as financial services, retail and technology. Draws on the firm's national platform and interdepartmental strength when advising clients on restructuring-related regulatory, tax and capital markets issues.
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5
Band 5
  1. O'Melveny & Myers LLP
    5
    O'Melveny & Myers LLP
    Bankruptcy/Restructuring
    2022 | Band 5 | 16 Years Ranked
    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 demonstrating skill in handling retail sector-specific issues. Further areas of expertise include debtor-in-possession financing and distressed M&A.
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  2. Paul Hastings LLP
    5
    Paul Hastings LLP
    Bankruptcy/Restructuring
    2022 | Band 5 | 3 Years Ranked
    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.
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  3. Robins Kaplan LLP
    5
    Robins Kaplan LLP
    Bankruptcy/Restructuring
    2022 | Band 5 | 16 Years Ranked
    Compact restructuring and business bankruptcy team with wide-reaching sector expertise in industries including technology, real estate and retail. Adroit at handling a broad spectrum of bankruptcy litigation as well as transactions and out-of-court workouts. A varied client list includes national Chapter 11 creditors and debtors, Chapter 7 trustees and liquidating trusts. Also experienced in advising entities in the entertainment and education sectors.
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  4. Felderstein Fitzgerald Willoughby Pascuzzi & Rios LLP
    Bankruptcy/Restructuring
    2022 | Band 5
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