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Ranking tables

UK London (Firms) Restructuring/Insolvency

This section covers work on behalf of creditors (including banks, financial investors and steering committees), insolvency practitioners, corporate debtors and their officers/directors.  Work examples may include debt restructuring, distressed M&A activity, formal insolvency procedures, contingency planning, debtor advisory work, distressed creditor and equity investment and trading.  We have also introduced a UK-wide Personal Insolvency table which looks at those firms and lawyers acting for individuals.

Rankings overview for Departments

All departments profiles

1
Band 1
  1. Akin Gump Strauss Hauer & Feld
    1
    Akin Gump Strauss Hauer & Feld
    Restructuring/Insolvency
    UK 2022 | Band 1 | 16 Years Ranked
    Market-leading creditor-side practice housing certified experts in bond and noteholder work. Excellent reputation for advising major lenders on complex cross-border cases, with particular strength in matters in the Nordic region. An enviable portfolio of clients includes specialist investment funds, debt investors, pension funds and hedge funds. Highly adept at handling restructurings of complex corporate debt and structured finance arrangements. Also able to draw on firm-wide abilities in the oil and gas sector.
  2. Clifford Chance LLP
    1
    Clifford Chance LLP
    Restructuring/Insolvency
    UK 2022 | Band 1 | 16 Years Ranked
    Standout practice advising on sophisticated restructurings in the UK and abroad, attracting instructions from a range of industry players, with a focus on creditor-side representation. Coordinates across its network to provide multidisciplinary and multi-jurisdictional teams where needed. Advises on both contentious and non-contentious work, with noted strength handling cross-border recovery and protection of creditor claims. Particularly strong when advising on mandates within the retail sector.
  3. Freshfields Bruckhaus Deringer
    1
    Freshfields Bruckhaus Deringer
    Restructuring/Insolvency
    UK 2022 | Band 1 | 16 Years Ranked
    Thriving team acting on a host of headline matters on the creditor and company sides. Notable for its debtor-side work in the retail space this year, having represented a number of distressed high street operators. Well positioned to advise on instructions with a high-yield and Term Loan B aspect. Growing reputation in insolvency litigation and distressed investing mandates, acting on behalf of special situation funds, hedge funds and alternative investors.
  4. Kirkland & Ellis International LLP
    1
    Kirkland & Ellis International LLP
    Restructuring/Insolvency
    UK 2022 | Band 1 | 13 Years Ranked
    Outstanding reputation in the restructuring market for handling high-value cross-border cases. Expertise in European restructurings and US Chapter 11 cases. Able to draw on firm-wide experts in private equity, finance and high-yield bonds when advising on complex multidisciplinary matters. Advises clients on the company and creditor sides, with an impressive following of blue-chip investors. The team continues to advise on some of the most prominent restructuring and insolvency matters, including notable recent work in the retail sector.
  5. 1
    Linklaters
    Restructuring/Insolvency
    UK 2022 | Band 1 | 16 Years Ranked
    A mainstay of the restructuring market fielding a deep bench of experts acting on headline domestic and cross-border mandates. The firm's strong dispute resolution and financial regulatory offering complements the restructuring practice. Stands out for its deft handling of insolvency assignments, claim recoveries and investigations. Also counts strategic distressed debt and equity investments among its areas of expertise.
  6. Allen & Overy LLP
    Restructuring/Insolvency
    UK 2022 | Band 1
  7. Latham & Watkins
    Restructuring/Insolvency
    UK 2022 | Band 1
2
Band 2
  1. 2
    Milbank LLP
    Restructuring/Insolvency
    UK 2022 | Band 2 | 6 Years Ranked
    Highly respected practice advising across a broad array of restructuring and insolvency work. Offers specialist expertise in distressed M&A, special situations, direct lending and distressed investing, counting an enviable list of corporates, lenders and funds among its clients. Strong international capability regularly advising on UK, US and European matters. Particularly regarded for the strength of its transatlantic offering of an integrated service with its US offices.
  2. Slaughter and May
    2
    Slaughter and May
    Restructuring/Insolvency
    UK 2022 | Band 2 | 14 Years Ranked
    Standout practice regarded as a go-to for company-side representation in connection with restructurings and distressed situations. Frequently called upon to advise on complex and high-value restructurings and insolvencies, often with a multi-jurisdictional aspect. Considerable experience handling government debt and bank restructurings. Also fields strength in creditor-side representations, with additional experience acting for insolvency officials and the Official Receiver and Special Managers.
  3. Weil, Gotshal & Manges (London) LLP
    2
    Weil, Gotshal & Manges (London) LLP
    Restructuring/Insolvency
    UK 2022 | Band 2 | 16 Years Ranked
    Noteworthy track record in the restructuring and insolvency field. Regularly involved in precedent-setting matters, including UK-originated work and cross-border mandates. Offers an integrated service working closely with its US, Asian and European offices. Enjoys strong relationships with a number of creditor-side clients, while also attracting regular instructions from high-profile debtors as well as from distressed investors.
  4. White & Case LLP
    2
    White & Case LLP
    Restructuring/Insolvency
    UK 2022 | Band 2 | 15 Years Ranked
    Accomplished team that continues to attract instructions on high-profile cross-border matters. Works closely with complementary departments within the firm to advise debtor-side clients in the oil and gas, mining and telecoms sectors, in addition to acting for financial institutions and funds. Enjoys a strong reputation for its work in the emerging markets, with particular strengths advising clients in the Middle East and Africa. Offers enviable transatlantic strength working closely with its US counterparts.
3
Band 3
  1. Hogan Lovells
    3
    Hogan Lovells
    Restructuring/Insolvency
    UK 2022 | Band 3 | 16 Years Ranked
    Noted creditor-side team with significant experience advising on large, complex domestic and cross-border transactions. Has an impressive international network of offices, enabling the firm to field multi-jurisdictional teams where needed. Offers additional strength in distressed loan portfolio transactions. Handles instructions for an impressive list of clients including banks, bond trustees and alternative lenders. The team continues to stand out for its work on restructuring deals in the real estate, energy, infrastructure and healthcare sectors.
  2. 3
    Sullivan & Cromwell LLP
    Restructuring/Insolvency
    UK 2022 | Band 3 | 3 Years Ranked
    Respected team with strong UK and US capabilities, able to advise on Europe-based and US-based restructurings. Acts for an impressive clientele that includes credit funds and creditors' committees as well as debtors. Particularly adept at advising on distressed asset transactions. Notable experience in the retail and leisure sectors.
  3. Ashurst
    Restructuring/Insolvency
    UK 2022 | Band 3
4
Band 4
  1. Addleshaw Goddard LLP
    4
    Addleshaw Goddard LLP
    Restructuring/Insolvency
    UK 2022 | Band 4 | 15 Years Ranked
    Distinguished restructuring practice that retains an impressive number of panel positions with major banks while placing a growing emphasis on the alternative lender and fund spaces. Also works regularly on behalf of accountancy practices and insolvency practitioners. Brings to bear the firm's wider expertise when advising on restructurings within the healthcare, education and energy sectors.
  2. 4
    Mayer Brown International LLP
    Restructuring/Insolvency
    UK 2022 | Band 4 | 16 Years Ranked
    Esteemed bankruptcy practice well known for its work on insolvencies in the retail, energy and leisure sectors, as well as pension restructuring mandates. Additional expertise in distressed M&A and loan portfolio transactions for funds clients. The firm's global footprint enables the team to advise on cross-border restructurings, with experience handling matters across Europe, the USA and South America.
  3. Paul Hastings (Europe) LLP
    4
    Paul Hastings (Europe) LLP
    Restructuring/Insolvency
    UK 2022 | Band 4 | 4 Years Ranked
    Well-regarded team able to advise clients on high-profile contentious and non-contentious restructuring matters. Clients include debtors and creditors, as well as other stakeholders. Offers particular sector expertise in corporate, real estate and structured finance. Regularly advises on cross-border matters, with particular strength in providing coordinated advice on UK and US structures and proceedings.
  4. Sidley Austin LLP
    4
    Sidley Austin LLP
    Restructuring/Insolvency
    UK 2022 | Band 4 | 15 Years Ranked
    Noted experience handling the full catalogue of restructuring and insolvency matters. Advises an impressive portfolio of creditor-side clients, in addition to a range of companies at home and further afield. Demonstrates growing expertise in the special situations and alternative finance sphere. Additionally acts for private equity and distressed fund and credit fund clients.
  5. Skadden, Arps, Slate, Meagher & Flom (UK) LLP
    4
    Skadden, Arps, Slate, Meagher & Flom (UK) LLP
    Restructuring/Insolvency
    UK 2022 | Band 4 | 11 Years Ranked
    Draws on its global network to advise on domestic and cross-border restructurings. Demonstrates expertise in Chapter 11 bankruptcy proceedings and English schemes of arrangement, with experience advising clients in the shipping sector. Additional experience advising clients in the aviation, telecommunications and rail sectors. Recognised for its work with high-profile debtors.
  6. CMS
    Restructuring/Insolvency
    UK 2022 | Band 4
  7. Herbert Smith Freehills
    Restructuring/Insolvency
    UK 2022 | Band 4
  8. Norton Rose Fulbright
    Restructuring/Insolvency
    UK 2022 | Band 4
  9. Pinsent Masons
    Restructuring/Insolvency
    UK 2022 | Band 4
5
Band 5
  1. Dechert LLP
    5
    Dechert LLP
    Restructuring/Insolvency
    UK 2022 | Band 5 | 1 Years Ranked
    Recognised US firm, well positioned to handle domestic and cross-border restructurings. Able to act for the full range of creditor and debtor-side clients such as corporates, administrators and debt funds. A go-to for matters in the energy and natural resources sector.
  2. Dentons
    5
    Dentons
    Restructuring/Insolvency
    UK 2022 | Band 5 | 16 Years Ranked
    A renowned group with a strong track record acting for banks, funds and companies. Draws on the firm's expertise in finance and dispute resolution when advising on insolvency litigation and transactional matters. Continues to be relied on for international work owing to the firm's impressive global network. Particularly active in the mining, retail and infrastructure sectors. Additionally adept at handling matters in the construction, aviation, renewables and property industries, among others.
  3. DLA Piper LLP
    5
    DLA Piper LLP
    Restructuring/Insolvency
    UK 2022 | Band 5 | 12 Years Ranked
    An interviewee states: "I always found them to be very effective and forward-thinking, with the ability to come up with creative solutions and deal structures. The broad capabilities, strength in depth of the team and international capabilities ensure they are able to provide advice across a large spectrum of distressed situations."
  4. Jones Day
    5
    Jones Day
    Restructuring/Insolvency
    UK 2022 | Band 5 | 15 Years Ranked
    Works with debtors and sponsors on complex multi-jurisdictional mandates. Healthy reputation for advising bondholders and distressed investors, particularly in the real estate sector. Advises clients on the full scope of restructuring and insolvency matters, from distressed acquisitions to reorganisations and contingency planning. Particularly adept at handling contentious insolvency matters.
  5. Willkie Farr & Gallagher LLP
    5
    Willkie Farr & Gallagher LLP
    Restructuring/Insolvency
    UK 2022 | Band 5 | 1 Years Ranked
    Represents a range of stakeholders on both the creditor and debtor sides of complex restructurings and recapitalisations. Able to act across sectors such as energy, telecommunications and manufacturing. Strong US presence makes it a go-to for Chapter 11s and cross-border deals.