Dechert LLP announced today that Michael J. Sage has joined the firm as a partner in the business restructuring and reorganization practice group. Sage, who is resident in the firm's New York office, was most recently a partner at O'Melveny & Myers LLP and co-head of its financial restructuring group.

"We are delighted to have Michael Sage join our team," said H. Jeffrey Schwartz, co-chair of Dechert's business restructuring and reorganization practice group. "We are confident he will make a material contribution to the growth of our practice, which we intend to continue to expand, and his arrival is a significant milestone in our expansion efforts."

Sage, 45, has represented ad hoc committees of bondholders, noteholders, term lenders and other creditors, official creditors' committees, individual creditors, acquirers, and debtors in bankruptcy proceedings and out-of-court restructurings. He also has significant experience in the representation of financial institutions that have acquired substantial strategic positions in debt issued by troubled companies as well as the bankruptcies, out-of-court restructurings, and divestitures relating to such acquisitions.

"I am very excited about the opportunity to join Dechert," said Sage. "I feel the combination of the firm's practice and my practice will yield great results. I feel my clients will benefit from my joining Dechert."

Sage has been recognized as a "leading bondholder practitioner" in the 2006, 2007, and 2008 editions of Chambers USA, a referral guide to leading lawyers in the United States based on the opinions of peers and clients. He has also been listed in the 2006, 2007, and 2008 editions of the K&A Restructuring Register: America's Top 100 Restructuring Professionals.

A graduate of the University of Vermont (B.A., 1985) and Emory University (J.D., 1988), Sage is member of the bars in Connecticut and New York and is admitted to practice before the U.S. District Courts for the Eastern and Southern Districts of New York.

With more than 1,000 lawyers in 18 cities in the United States, Europe, and Asia, Dechert LLP advises corporations and financial institutions on litigation, transactional, and corporate and regulatory matters. Dechert's business restructuring and reorganization group has extensive experience in insolvency matters and guides clients through the challenges and opportunities posed by financially distressed enterprises. The group has earned a distinguished national reputation for providing sophisticated legal advice to all significant parties and interests confronting insolvency matters and opportunities. Visit Dechert at www.dechert.com.

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Contact:
Beth Huffman
beth.huffman@dechert.com
+1 215 994 6761