Bankruptcy/Restructuring
USA Guide 2024 : Illinois
Band 2
About
Provided by Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates
The Corporate Restructuring Group at Skadden provides innovative solutions to clients involved in distressed company situations, which allow clients to minimize costs, enhance value and properly position themselves for the future.
We represent troubled companies, their boards, management, owners, creditors, lenders, investors and acquirors handling restructurings in and out of court, financial recapitalizations, business reorganizations, acquisitions and liquidations. Our lawyers also advise on insolvency issues in corporate and financing transactions and on all aspects of distressed debt trading and securities issues. A substantial aspect of our practice focuses on avoiding or mitigating the adverse effects of liquidity or other crises through contingency planning and helping companies overcome the inertia of a downward spiral while they still have alternatives to bankruptcy. In addition, our presence in Europe, Asia and South America allows us to address clients’ needs in the context of insolvency and bankruptcy regimes around the world.
Our Corporate Restructuring Group consistently has been recognized by peers and restructuring professionals as one of the top practices in the world. Skadden was named Corporate Restructuring Team of the Year by The American Lawyer and Legal Week at the 2017 Transatlantic Legal Awards, as well as U.S. News — Best Lawyers Law Firm of the Year for its Corporate Restructuring Group as part of the publication’s 2017 “Best Law Firms” survey.
Chambers Review
A powerhouse in the Illinois bankruptcy space, recognized for its representation of companies, creditors and investors in connection with restructurings and reorganizations. Offers a strong track record in matters with a cross-border component. Particularly prominent in matters pertaining to the oil and gas industry.
Work Highlights
- Skadden advised Armstrong Flooring, and three affiliated debtors, on its Chapter 11 proceedings, filed before the U.S. Bankruptcy Court for the District of Delaware.
Strengths
Provided by Chambers
"The Skadden team demonstrated deep resources and expertise across multiple practice areas, including complex litigation and transactions matters."
"Skadden prides itself on providing excellent client service."
"The Skadden team demonstrated deep resources and expertise across multiple practice areas, including complex litigation and transactions matters."
"Skadden prides itself on providing excellent client service."
Notable Practitioners
Ron Meisler advises lenders on Chapter 11 proceedings, insolvencies and amendments to debt facilities. He often works with financial institutions.
"Ron is an exceptional lawyer. He is adept as solving clients' most complex issues and consistently provides excellent client service."
"He is an incredible attorney."
"Ron is a really strong, technical lawyer. He is particularly good in a courtroom and always has his finger on the pulse in terms of the key issues."
"Ron is among the best in terms of thinking strategically about what the next steps are. He remains very calm."
James Mazza assists clients with a host of bankruptcy and restructuring matters. His impressive client roster includes those in the healthcare arena.
"Jim is knowledgeable, creative and a very effective problem solver."
"He continually thinks out of the box and focuses on a comprehensive solution."
"He is always responsive and always on call."