Delaware

Reviews

Practice area

IFLR1000 Reviews

Financial and corporate
Ashby & Geddes

Ashby & Geddes is based in Wilmington, Delaware and is an active restructuring and insolvency firm. 

In one key matter, the firm advised Beauty Brands on its chapter 11. 

Cole Schotz

Cole Schotz is based in Hackensack, New Jersey and was founded in 1928. The firm operates seven offices in six states: New Jersey, New York, Delaware, Maryland, Florida and Texas.  

The firm is recognized by IFLR1000 for its restructuring and insolvency work in Delaware. The firm advised Augustus Energy Resources with filing for Chapter 11 bankruptcy. The firm also advised the second lien note holders in connection with the Chapter 11 of Bon-Ton Stores, a department chain. 

 

Duane Morris

Founded in Philadelphia, Pennsylvania in 1904, Duane Morris operates 21 offices across the US, including in Atlanta, Chicago, Houston, Los Angeles, San Francisco and New York. The firm has robust M&A, capital markets, banking and restructuring practices that handle clients across the country.  

Within Delaware, the firm has an active restructuring and insolvency practice and its partners often work alongside partners from other offices, such as its Massachusetts office. Partner Michael Lastowski leads a lot of the firm’s Delaware matters, and has advised the Official Committee of Unsecured Creditors of Real Industry on a Chapter 11. 

Morris Nichols Arsht & Tunnell

Morris Nichols Arsht & Tunnell, founded in 1930, is considered one of the top firms for restructuring and insolvency work in the Delaware market. The firm is also a top firm for M&A in Delaware. Based in Wilmington, the firm is a member of TerraLex, a legal network which has over 600 offices in 100 countries.  

The firm has a robust M&A practice, where often advises on alternative entities matters and serves as Delaware co-counsel on giant international deals. The firm works in a range of sectors and advises both acquirers and sellers. Morris Nichols advised Celgene, a biotechnology company, on its $9 billion acquisition of Juno Therapeutics (an immunotherapy cancer treatment firm), advised Dr Pepper Snapple Group on its $18 billion combination with Keurig Green Mountain and advised Paysafe Group on its merger with iPayment Holdings.  

The firm remains a go-to firm for clients partaking in or approaching Chapter 11 bankruptcies. The firm advises a range of parties including debtors, creditors, acquirers and committees. Over the research period, Morris Nichols advised The Boston Herald on its bankruptcy proceeding and 363 bankruptcy sale, Crayola as creditor in the Toys R’ Us bankruptcy and advised DAK Americas, a second lienholder, in the bankruptcy of M&G USA and on the acquisition of assets in a related 363 sale.  

Pachulski Stang Ziehl & Jones

Pachulski Stang Ziehl & Jones is a leading restructuring and insolvency boutique and is recognized by IFLR1000 for its work in Delaware and California. 

Within Delaware, the firm is widely thought to be one of the top four firms in the market for restructuring and insolvency work. Laura Davis Jones is recognized as an IFLR1000 Highly Regarded lawyer. The firm has advised M&G, EV Energy Partners and Remington Outdoor Company on their Chapter 11s.  

Pepper Hamilton

Pepper Hamilton, founded in 1890, is headquartered in Philadelphia. The firm operates 14 offices in the United States and has over 425 lawyers 

The firm has an active restructuring and insolvency practice in Delaware. Lawyers at the firm have advised debtors, asset purchasers, creditors’ committees and other parties. David Stratton is recognized as a Highly Regarded lawyer in the state. One key matter saw the firm advise the purchaser on the Rockport Company Chapter 11.  

Potter Anderson & Corroon

Potter Anderson & Corroon is headquartered in Wilmington, Delaware and was founded in 1826. Within Delaware, the firm also maintains an office in Dover.  

The firm has one of the top M&A practices in the state. Over the research period, Potter Anderson advised ENLK's Conflicts Committee on ENLC’s acquisition of the outstanding common units of ENLK, advised Energy Transfer Equity’s (ETE) conflicts committee on ETE’s acquisition of Energy Transfer Partners and advised Williams on its acquisition of the outstanding public common units of Williams Partners.   

The firm is also an active firm in the restructuring and insolvency space. It has also worked on the Chapter 11s of Pernix Therapeutics Holdings and of Promise Healthcare Group.  

The firm strengthened its restructuring and insolvency practice with the hire of partners Christopher Samis and L Katherine Good and associate Aaron Stulman from Whiteford Taylor Preston. Samis, Good and Stulman have built a robust practice advising official committees of unsecured creditors for key companies such as VER Technologies, The Rockport Company and Videology 

Christopher Samis 

"Excellent relationship manager, broad understanding of leverage points and bankruptcy process." 

“Outstanding.”  

Reed Smith

Reed Smith is a middle-market leader with headquarters in Pittsburgh, Pennsylvania. The international law firm has 16 total US offices, having opened an Austin, Texas location in May 2018. Some of the firm’s other locations include Chicago, Houston, New York, Philadelphia and San Francisco. 

The firm’s Delaware office has an active restructuring and insolvency practice. 

The firm’s team advised Caribbean Commercial Investment Bank on its Chapter 11 and advised CenturyLink Communications Company on several Chapter 11 proceedings. The firm also advised Bank of New York Mellon as trustee and fiscal agent, on the title III proceeding of the Commonwealth of Puerto Rico under PROMESA. 

Richards Layton & Finger

Richards Layton & Finger, founded in 1899, is headquartered in Wilmington, Delaware. The firm is a member of Lex Mundi, an international network of firms. Richards Layton is a leading firm in the state for restructuring and insolvency and for M&A work.  

The M&A team works on high value deals across a range of sectors. The firm advised T-Mobile on its $26.5 billion acquisition of Sprint, Time on its $2.8 billion acquisition by Meredith Corporation and KLX on its $4.25 billion acquisition by Boeing. Other key clients include Spectrum Brands, GrafTech International and Blue Buffalo Pet Products.  

The firm is thought to be one of the top four firms for restructuring and insolvency work in the state. Many of the firm’s work highlights over the research period involve advice to the debtors, but the firm also advises lenders, acquirers, creditors and other parties. Over the research period, the firm advised TK Holdings and Takata Americas in their Chapter 11, advised Claire’s Stores on its Chapter 11 and advised Southeastern Grocers on its Chapter 11.  

Client feedback 

This is one of the premier firms in Delaware. I generally use them for Delaware bankruptcy work when possible.” – Restructuring and insolvency 

Russell Silberglied 

Silberglied is an excellent bankruptcy lawyer and overall litigator. He handled extensive bankruptcy and bankruptcy related litigation for us to a successful conclusion.”  

Skadden Arps Slate Meagher & Flom

One of the most well-known firms in the English-speaking world, Skadden is a top financial and corporate firm. The firm is headquartered in New York with offices in most of the US’ largest legal markets, including Houston, Los Angeles, Silicon Valley, Boston, Chicago and Washington DC.  

Skadden is a strong restructuring and insolvency firm and is one of four firms recognized by IFLR1000 for M&A work in Delaware.  

The firm’s M&A team advises clients on high value transactions. The firm advised Permira Funds on its $1.8 billion acquisition of Duff & Phelps Corporation, Key Safety Systems on its proposed $1.588 billion acquisition of Takata Corporation's global assets and NextEra Energy Partners on its $1.28 billion acquisition of 11 wind and solar projects. 

The firm has an active restructuring and insolvency practice where it advises debtors, administrative agents and creditors, among other parties. The firm’s team provided advice to Bank of America as administrative agent on a debtor-in-possession financing for the Chapter 11 of VER Technologies. The firm also advised Exide Technologies on its Chapter 11 and Millennium Lab Holdings and affiliates in their Chapter 11.  

Partner Mark Chehi, who had previously led a lot of the firm’s restructuring and insolvency deals, retired over the research period.  

Womble Bond Dickinson

Womble Bond Dickinson is a result of a 2017 merger between US-based Womble Carlyle Sandridge & Rice and UK-based Bond Dickinson. Within IFLR1000, the firm is highlighted for its work in North Carolina, South Carolina and Delaware.  

The firm has an active restructuring and insolvency practice in Delaware and has worked on Chapter 11s, Chapter 15s and liquidation proceedings. Over the research period, the firm advised Family Christian Store on its liquidation and advised Carroll Services on the bankruptcy cases of Goody’s Family Clothing. 

Young Conaway Stargatt & Taylor

Young Conaway Stargatt & Taylor is one of the top restructuring and insolvency firms in Delaware. The firm, founded in Wilmington, Delaware in 1959, also has offices in New York City and in Georgetown, Delaware.   

Key matters include the firm’s advice on the Chapter 11 of CTI Foods, the Chapter 11 of David's Bridal and the Chapter 11 of Brookstone