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Bankruptcy/Restructuring | USA

Delaware

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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Rankings overview for Departments

All Departments profiles

1
Band 1
  1. Morris, Nichols, Arsht & Tunnell LLP
    1
    Morris, Nichols, Arsht & Tunnell LLP
    Bankruptcy/Restructuring
    2023 | Band 1 | 19 Years Ranked
    Morris, Nichols, Arsht & Tunnell LLP is home to a standout business reorganization and restructuring team that has significant experience in both lead and co-counsel roles. The team possesses a deep bench of lawyers well versed in handling Chapter 11 cases for numerous stakeholders including debtors, creditors and acquirers. They are recognized for their strength across loan workouts and reorganization proceedings, and in bankruptcy-related disputes. Morris Nichols has notable expertise in industries including retail and oil and gas.
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  2. Pachulski Stang Ziehl & Jones LLP
    1
    Pachulski Stang Ziehl & Jones LLP
    Bankruptcy/Restructuring
    2023 | Band 1 | 19 Years Ranked
    Pachulski Stang Ziehl & Jones LLP has a robust business reorganization and workout practice that enjoys a fine reputation for its work in the retail and energy sectors. The team is recommended for both lead and co-counsel work in significant and high-value Chapter 11 cases and possesses strong experience acting for debtors and creditors' committees. It enjoys a fine track record in litigation, regularly acting on behalf of unsecured creditors in high-stakes disputes, and possesses notable expertise in debtor-in-possession financing.
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  3. Richards, Layton & Finger PA
    1
    Richards, Layton & Finger PA
    Bankruptcy/Restructuring
    2023 | Band 1 | 19 Years Ranked
    Richards, Layton & Finger PA is a market-leading practice with expertise in complex bankruptcy and restructuring matters, renowned especially for its representation of debtors. A go-to firm for high-value cases that file in Delaware, with a deep bench of strong attorneys well versed in handling significant Chapter 11 cases. Also equipped to handle litigation arising from bankruptcy proceedings, including fraudulent conveyance claims.
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  4. Young Conaway Stargatt & Taylor LLP
    1
    Young Conaway Stargatt & Taylor LLP
    Bankruptcy/Restructuring
    2023 | Band 1 | 19 Years Ranked
    Young Conaway Stargatt & Taylor LLP is a premier practice notable for the strength and depth of its bankruptcy team, which houses numerous highly skilled attorneys. The team advises an impressive range of clients both locally and nationally across numerous industry sectors, particularly retail. The group maintains a fantastic reputation for its work on behalf of debtors, creditors' committees and other stakeholders in Chapter 11 restructurings and out-of-court workouts.
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2
Band 2
  1. Cole Schotz P.C.
    2
    Cole Schotz P.C.
    Bankruptcy/Restructuring
    2023 | Band 2 | 15 Years Ranked
    Cole Schotz P.C. houses a strong bankruptcy and corporate restructuring team experienced in all aspects of Chapter 11 proceedings. Acts for a wide range of stakeholders, including debtors, institutional creditors, official committees and equity holders. Clients include companies from the manufacturing, entertainment and retail sectors. Possesses a strong bench experienced in acting as both lead and co-counsel in high-stakes bankruptcy proceedings.
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  2. DLA Piper LLP (US)
    2
    DLA Piper LLP (US)
    Bankruptcy/Restructuring
    2023 | Band 2 | 12 Years Ranked
    DLA Piper LLP is highly regarded for its work representing debtors, creditors and purchasers of assets in a variety of bankruptcy and restructuring matters. Particularly noted for its experience in cross-border bankruptcy proceedings. Experienced with advising on the acquisition and financing of distressed companies.
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  3. Potter Anderson & Corroon LLP
    2
    Potter Anderson & Corroon LLP
    Bankruptcy/Restructuring
    2023 | Band 2 | 19 Years Ranked
    Porter Anderson & Corroon LLP is a strong team with a broad-ranging practice that advises an array of clients in complex Chapter 11 cases and demonstrates additional capabilities in Chapter 7 filings. Also highly regarded for its expertise in out-of-court restructurings. Noted for its representation of debtors, lenders and creditor committees, and maintains a fine track record for its work in the energy, retail and manufacturing sectors. Experienced at handling bankruptcy-related litigation.
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  4. Troutman Pepper
    2
    Troutman Pepper
    Bankruptcy/Restructuring
    2023 | Band 2 | 19 Years Ranked
    Troutman Pepper is an excellent practice covering the entire gamut of bankruptcy and restructuring matters. Highly regarded for representing debtors, creditors' committees and purchasers in both lead and local counsel roles. Advises on out-of-court restructurings as well as complex Chapter 11 cases. Able to draw on broader litigation strength to advise on contentious mandates. Represents clients from an array of business sectors, including manufacturing and retail companies.
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3
Band 3
  1. Ashby & Geddes
    3
    Ashby & Geddes
    Bankruptcy/Restructuring
    2023 | Band 3 | 19 Years Ranked
    Ashby & Geddes is an esteemed bankruptcy and insolvency practice acting for both debtors and creditors. Excels in Chapter 7 and Chapter 11 proceedings and is also highly regarded for its sophisticated counsel on complex reorganization matters. Acts for clients from the retail, technology and financial services sectors, among many others.
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  2. Bayard, P.A.
    3
    Bayard, P.A.
    Bankruptcy/Restructuring
    2023 | Band 3 | 19 Years Ranked
    Bayard, P.A. offers a respected bankruptcy and restructuring practice catering to creditors' committees, debtors and other parties. Frequently involved in high-profile Chapter 11 cases and related litigation. Notable presence on major bankruptcies in the retail, entertainment and insurance sectors, among others.
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  3. Blank Rome LLP
    3
    Blank Rome LLP
    Bankruptcy/Restructuring
    2023 | Band 3 | 18 Years Ranked
    Blank Rome LLP is an established group that acts for both debtors and creditors, and is esteemed for its counsel in high-stakes bankruptcy litigation. Well regarded for its expertise in reorganizations and particularly singled out for its finance strengths, frequently acting for secured creditors and debtor-in-possession lenders. Also noted for its insurance coverage practice, which works closely with the firm's bankruptcy lawyers.
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  4. Cozen O'Connor
    3
    Cozen O'Connor
    Bankruptcy/Restructuring
    2023 | Band 3 | 7 Years Ranked
    Cozen O'Connor is home to a growing bankruptcy practice with experience advising debtors, creditors and trustees. Represents clients on both litigious and transactional matters and operates within the healthcare, hospitality and insurance sectors, among others. Particular expertise in restructurings and Chapter 11 cases.
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  5. Landis Rath & Cobb LLP
    3
    Landis Rath & Cobb LLP
    Bankruptcy/Restructuring
    2023 | Band 3 | 19 Years Ranked
    Landis Rath & Cobb LLP is a highly regarded bankruptcy and litigation boutique that remains a major player in the Delaware market. Possesses a strong bench of attorneys who are adept at serving in both lead and co-counsel roles. Acts for a prestigious roster of debtors, creditors and asset purchasers, with particular strength in handling retail bankruptcies.
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  6. Morris James LLP
    3
    Morris James LLP
    Bankruptcy/Restructuring
    2023 | Band 3 | 18 Years Ranked
    Morris James LLP offers a respected bankruptcy and creditors' rights group with a strong bench of attorneys. Maintains a fine reputation for its creditor-side work, regularly acting on contentious matters including fraudulent transfers and preferences. Also possesses a fine track record for its work on behalf of Chapter 11 debtors and has further experience with representing acquirers of distressed assets.
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  7. Polsinelli PC
    3
    Polsinelli PC
    Bankruptcy/Restructuring
    2023 | Band 3 | 10 Years Ranked
    Polsinelli PC offers a well-known bankruptcy and restructuring team noted for its breadth of experience representing Chapter 11 debtors, creditors' committees and Chapter 7 trustees. Recognized for its litigation strengths and is regularly engaged to provide counsel on insurance matters and breach of fiduciary duties. Represents clients from a wide array of industries, including healthcare, technology, energy and financial services.
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  8. Saul Ewing LLP
    3
    Saul Ewing LLP
    Bankruptcy/Restructuring
    2023 | Band 3 | 19 Years Ranked
    Saul Ewing LLP is recognized for its expert counsel to Chapter 11 debtors and committees across all aspects of bankruptcy proceedings and related litigation. Provides notably adept counsel to clients regarding workouts, turnarounds and reorganizations. Regularly advises on matters in a variety of sectors, including healthcare, manufacturing and food and beverage.
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  9. Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates
    3
    Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates
    Bankruptcy/Restructuring
    2023 | Band 3 | 19 Years Ranked
    Skadden, Arps, Slate, Meagher & Flom LLP offers a well-regarded group highlighted for its successful track record advising on Chapter 11 proceedings. Noted for its counsel on prepackaged and prenegotiated plans, as well as out-of-court restructurings. Skilled in the representation of creditors and debtors, as well as other stakeholders, in major bankruptcies.
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  10. Womble Bond Dickinson US LLP
    3
    Womble Bond Dickinson US LLP
    Bankruptcy/Restructuring
    2023 | Band 3 | 16 Years Ranked
    Womble Bond Dickinson LLP houses a well-regarded practice that has a fine reputation for its work representing major stakeholders in Chapter 11 cases. Acts for both debtors and creditors, and has extensive experience handling matters on behalf of official committees of unsecured creditors. Acts for clients from a wide range of sectors, including retailers and financial institutions.
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4
Band 4
  1. Ballard Spahr LLP
    4
    Ballard Spahr LLP
    Bankruptcy/Restructuring
    2023 | Band 4 | 2 Years Ranked
    Ballard Spahr LLP is recognized for its experience handling a wide range of corporate restructuring matters. The Delaware-based team is well versed in Chapter 11 debtor and creditor matters, as well as Chapter 9 insolvencies. The attorneys often represent creditors, debtors and landlords and have additional expertise handling distressed M&A transactions.
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  2. Benesch
    4
    Benesch
    Bankruptcy/Restructuring
    2023 | Band 4 | 2 Years Ranked
    Benesch offers a comprehensive practice and is recommended for its experience representing creditors' committees and investment firms in Chapter 11 reorganizations. The team in Delaware is well equipped to handle distressed sale transactions, as well as loan originations, workouts, foreclosures and receiverships.
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  3. Burr & Forman LLP
    4
    Burr & Forman LLP
    Bankruptcy/Restructuring
    2023 | Band 4 | 4 Years Ranked
    Burr & Forman LLP is noted for its broad bankruptcy practice, with the capacity to draw on the strengths of its other offices to offer nationwide coverage. Able to advise a wide array of clients, which includes debtors, creditors, lenders and asset purchasers. In addition to a traditional bankruptcy practice, demonstrates strong capabilities in contentious cases, including litigating fraudulent transfer actions.
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  4. Chipman Brown Cicero & Cole LLP
    4
    Chipman Brown Cicero & Cole LLP
    Bankruptcy/Restructuring
    2023 | Band 4 | 5 Years Ranked
    Chipman Brown Cicero & Cole offers a strong team with longstanding capabilities in bankruptcy and restructuring. Experience includes advising on Chapter 11 and Chapter 15 proceedings. Practitioners demonstrate capabilities in both contentious and noncontentious matters. Clients include debtors and creditors, among other interested parties.
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  5. Faegre Drinker
    4
    Faegre Drinker
    Bankruptcy/Restructuring
    2023 | Band 4 | 4 Years Ranked
    Faegre Drinker is well regarded for its experience in the restructuring and insolvency space. The team is sought for its expertise handling Chapter 11 proceedings, and extensive representation of debtors, creditors, and investment funds among others. The firm is noted for its ability to leverage corporate restructuring expertise across its offices globally.
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  6. Reed Smith LLP
    4
    Reed Smith LLP
    Bankruptcy/Restructuring
    2023 | Band 4 | 18 Years Ranked
    Reed Smith has a highly respected bankruptcy and restructuring team acting for a distinguished roster of clients, including creditors' committees, lenders and debtors. Comes recommended for its strengths in complex financial restructurings and workouts. Recent work includes matters in the hospitality, telecoms and oil and gas sectors.
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