Ranking tables
Europe UK Restructuring/Insolvency
Band 1
Band 2
Band 3
- Hogan Lovells
- Sullivan & Cromwell LLP
- Ashurst
- Mayer Brown International LLP
Band 4
- Addleshaw Goddard LLP
- CMS
- Paul Hastings (Europe) LLP
- Sidley Austin LLP
- Herbert Smith Freehills
- Norton Rose Fulbright
- Pinsent Masons
Senior Statespeople
Band 1
Band 2
- Andrew J O Wilkinson Weil, Gotshal & Manges (London) LLP
- Bruce Bell Latham & Watkins
- Christian Pilkington White & Case LLP
- Ian Wallace White & Case LLP
- Ken Baird Freshfields Bruckhaus Deringer
- Partha Kar Kirkland & Ellis International LLP
- Sean Lacey Kirkland & Ellis International LLP
- Adam GallagherSimpson Thacher & Bartlett LLP
Band 3
- Ben Larkin Jones Day
- David Ereira Paul Hastings (Europe) LLP
- David Towers Clifford Chance LLP
- Iain White Clifford Chance LLP
- Ian Johnson Slaughter and May
- Jennifer Marshall Allen & Overy LLP
- Katrina Buckley Allen & Overy LLP
- Neil Devaney Weil, Gotshal & Manges (London) LLP
- Richard Bussell Linklaters
- Simon Baskerville Latham & Watkins
- Giles BoothmanAshurst
Band 4
- Adrian Cohen Proskauer Rose LLP
- Catherine Balmond Freshfields Bruckhaus Deringer
- Graham Lane Willkie Farr & Gallagher LLP
- Liz Osborne Akin
- Neil Golding Freshfields Bruckhaus Deringer
- Thomas Vickers Slaughter and May
- Tom Astle Hogan Lovells
- Alison GoldthorpCharles Russell Speechlys
- Michael FiddyMayer Brown International LLP
- Patrick CorrFaegre Drinker
Band 5
- Charlotte Møller Squire Patton Boggs
- John Houghton Greenberg Traurig, LLP
- John Maclennan Clifford Chance LLP
- Tom Bannister Akin
- Ashley KatzFried, Frank, Harris, Shriver & Jacobson LLP
- Ben JonesSimmons & Simmons LLP
- Jamie LeaderEnyo Law LLP
- Kevin PullenHerbert Smith Freehills
- Nick MoserTaylor Wessing
- Steven CotteePinsent Masons
Band 6
Up and Coming
Band 1
1 AkinRestructuring/Insolvency2023 | Band 1 |Akin Gump boasts a market-leading creditor-side practice that houses certified experts in bond and noteholder work. The department has an excellent reputation for advising major lenders on complex cross-border cases, with particular strength in matters in the Nordic region. It has an enviable portfolio of clients, including specialist investment funds, debt investors, pension funds and hedge funds. Its lawyers are highly adept at handling restructurings of complex corporate debt and structured finance arrangements. Akin Gump is also able to draw on firm-wide abilities in the oil and gas sector.1 Allen & Overy LLPRestructuring/Insolvency2023 | Band 1 |Allen & Overy enjoys an excellent reputation as a go-to firm for lenders seeking counsel on large-scale restructurings and workouts. As well as lenders, the firm's enviable client list includes corporates, investors, insolvency practitioners and government institutions. The firm's international network allows it to advise on multi-jurisdictional deals and mandates in emerging markets. Its lawyers possess an impressive knowledge of Chapter 11 reorganisations and pre-pack sales, in addition to experience in distressed M&A and formal insolvency proceedings.1 Clifford Chance LLPRestructuring/Insolvency2023 | Band 1 |Clifford Chance possesses a standout practice advising on sophisticated restructurings in the UK and abroad, and attracting instructions from a range of industry players, with a focus on creditor-side representation. The firm coordinates across its network to provide multidisciplinary and multi-jurisdictional teams where needed. Its lawyers advise on both contentious and non-contentious work, with noted strength handling cross-border recovery and protection of creditor claims. The team is particularly strong when advising on mandates within the retail sector.1 Kirkland & Ellis International LLPRestructuring/Insolvency2023 | Band 1 |Kirkland & Ellis has an outstanding reputation in the restructuring market for handling high-value cross-border cases. The firm has expertise in European restructurings and US Chapter 11 cases. The team is able to draw on firm-wide experts in private equity, finance and high-yield bonds when advising on complex multidisciplinary matters. Its lawyers advise clients on the company and creditor sides, with an impressive following of blue-chip investors. Kirkland & Ellis continues to advise on some of the most prominent restructuring and insolvency matters, including notable recent work in the retail sector.1 Latham & WatkinsRestructuring/Insolvency2023 | Band 1 |Latham & Watkins has a global practice with broad restructuring and insolvency capabilities. Its lawyers are strong on both the creditor and debtor sides, with particular proficiency advising on schemes of arrangement. The team is increasingly relied on by alternative lenders for special situations work. It frequently represents clients in complex international matters, with noted expertise advising on European restructurings and US Chapter 11 cases. The firm's clients include sponsors, secured and unsecured lenders, coordinating committees, debtors, shareholders and insolvency practitioners. It is able to handle matters on behalf of incumbent agents and security trustees.1 LinklatersRestructuring/Insolvency2023 | Band 1 |Linklaters is 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 enhances its practice. Its lawyers stand out for their deft handling of insolvency assignments, claim recoveries and investigations. Linklaters also counts strategic distressed debt and equity investments among its areas of expertise.
Band 2
2 Freshfields Bruckhaus DeringerRestructuring/Insolvency2023 | Band 2 |Freshfields Bruckhaus Deringer has a thriving team acting on a host of headline matters on the creditor and company sides. The department has experience in representing distressed high street retailers, and its lawyers are well positioned to advise on instructions with a high-yield and Term Loan B aspect. Freshfields has a growing reputation in insolvency litigation and distressed investing mandates, acting on behalf of special situation funds, hedge funds and alternative investors.2 Milbank LLPRestructuring/Insolvency2023 | Band 2 |Milbank has a highly respected practice advising across a broad array of restructuring and insolvency work. Its lawyers offer 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. The team boasts strong international capability, regularly advising on UK, US and European matters. Milbank is known for the strength of its integrated service with its US offices.2 Slaughter and MayRestructuring/Insolvency2023 | Band 2 |Slaughter and May maintains a standout practice that is regarded as a go-to for company-side representation in connection with restructurings and distressed situations. The firm is frequently called upon to advise on complex and high-value restructurings and insolvencies, often with a multi-jurisdictional aspect. Its lawyers possess considerable experience handling government debt and bank restructurings. Slaughter and May also fields strength in creditor-side representations, with additional experience acting for insolvency officials and the Official Receiver and Special Managers.2 Weil, Gotshal & Manges (London) LLPRestructuring/Insolvency2023 | Band 2 |Weil, Gotshal & Manges has a noteworthy track record in the restructuring and insolvency field. Its lawyers are regularly involved in precedent-setting matters, including UK-originated work and cross-border mandates. The firm offers an integrated service, working closely with its US, Asian and European offices. Weil 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.2 White & Case LLPRestructuring/Insolvency2023 | Band 2 |White & Case possesses an accomplished team that continues to attract instructions on high-profile cross-border matters. The financial restructuring and insolvency group 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. Its lawyers enjoy a strong reputation for their work in the emerging markets, with particular strength advising clients in the Middle East and Africa. The firm offers enviable transatlantic strength working closely with its US counterparts.
Band 3
3 Hogan LovellsRestructuring/Insolvency2023 | Band 3 |Hogan Lovells possesses a notable creditor-side team with significant experience advising on complex domestic and cross-border transactions. The firm has an impressive international network of offices, enabling it to field multi-jurisdictional teams where needed. Its lawyers offer additional strength in distressed loan portfolio transactions. The business restructuring and insolvency group 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.3 Sullivan & Cromwell LLPRestructuring/Insolvency2023 | Band 3 |Sullivan & Cromwell possesses a respected team with strong UK and US capabilities. It is able to advise on Europe-based and US-based restructurings. The firm acts for impressive clients, which include credit funds and creditors' committees as well as debtors. Its lawyers are particularly adept at advising on distressed asset transactions. Sullivan & Cromwell has notable experience in the retail and leisure sectors.
Band 4
4 Addleshaw Goddard LLPRestructuring/Insolvency2023 | Band 4 |Addleshaw Goddard has a distinguished restructuring practice that retains an impressive number of panel positions with major banks while also growing in the alternative lender and fund spaces. The department also regularly works on behalf of accountancy practices and insolvency practitioners. Addleshaw Goddard brings to bear the firm's wider expertise when advising on restructurings within the retail, education and energy sectors.4 CMSRestructuring/Insolvency2023 | Band 4 |CMS is a popular option for creditors, including clearing banks and alternative funders. The department offers expertise across the gamut of restructuring and insolvency. The team skilfully handles the acquisition and disposal of distressed loan portfolios, as well as advising on pension scheme matters. Its lawyers stand out for their expert handling of distressed situations in the energy sector, while other industry specialisms include professional services, hotels and real estate.4 Paul Hastings (Europe) LLPRestructuring/Insolvency2023 | Band 4 |Paul Hastings has a well-regarded team able to advise clients on high-profile contentious and non-contentious restructuring matters. Its clients include debtors and creditors, as well as other stakeholders. The department's lawyers offer particular sector expertise in corporate, real estate and structured finance. The team regularly advises on cross-border matters, with particular strength in providing coordinated advice on UK and US structures and proceedings.4 Sidley Austin LLPRestructuring/Insolvency2023 | Band 4 |Sidley Austin is experienced in handling the full catalogue of restructuring and insolvency matters. The firm advises an impressive portfolio of creditor-side clients, in addition to a range of companies at home and further afield. The restructuring group demonstrates growing expertise in the special situations and alternative finance sphere. Its lawyers act for private equity and distressed fund and credit fund clients.
Band 5
5 DentonsRestructuring/Insolvency2023 | Band 5 |Dentons possesses a renowned group with a strong track record of acting for banks, funds and companies, both domestically and internationally. The restructuring and insolvency group draws on the firm's expertise in finance and dispute resolution when advising on insolvency litigation and transactional matters. Its lawyers are particularly active in the energy, retail and manufacturing sectors. The team is additionally adept at handling matters in the construction, aviation and property industries, among others.5 DLA Piper LLPRestructuring/Insolvency2023 | Band 5 |DLA Piper is a global firm that is able to advise administrator, company and creditor-side clients. It reinforces strong restructuring expertise with contentious capabilities. Its restructuring and insolvency lawyers are well positioned to act for clients across sectors such as oil and gas, retail and financial services.5 Jones DayRestructuring/Insolvency2023 | Band 5 |Jones Day works with debtors and sponsors on complex multi-jurisdictional mandates. The firm enjoys a healthy reputation for advising bondholders and distressed investors, particularly in the real estate sector. The team advises clients on the full scope of restructuring and insolvency matters, from distressed acquisitions to reorganisations and contingency planning. Its lawyers are particularly adept at handling contentious insolvency matters.5 Skadden, Arps, Slate, Meagher & Flom (UK) LLPRestructuring/Insolvency2023 | Band 5 |Skadden draws on its global network to advise on domestic and cross-border restructurings. The firm demonstrates expertise in Chapter 11 bankruptcy proceedings and English schemes of arrangement, with experience advising clients in the shipping sector. Its lawyers have additional experience advising clients in the aviation, energy and minerals sectors. The corporate restructuring group is recognised for its work with high-profile debtors.5 Willkie Farr & Gallagher LLPRestructuring/Insolvency2023 | Band 5 |Willkie Farr represents a range of stakeholders on both the creditor and debtor sides of complex restructurings and recapitalisations. Its lawyers are able to act across sectors such as energy, telecommunications and manufacturing. The firm's strong US presence makes it a go-to for Chapter 11s and cross-border deals.