Financial Restructuring


Dechert’s financial restructuring group is comprised of experienced practitioners skilled in all aspects of bankruptcy and restructuring transactions, distressed lending and debt trading, distressed mergers and acquisitions, bankruptcy planning and litigation and all related matters and opportunities. Dechert lawyers possess a thorough knowledge of every aspect of bankruptcy law, coupled with perspective achieved from representing virtually every type of client, including ad hoc and official committees of creditors, debtors, lenders, bondholders, shareholders, distressed companies, agents and indenture trustees in all types of bankruptcy and restructuring matters.

Members of our group work with lawyers in our other top-ranked groups to assure the high quality advice needed in complex restructuring matters. We draw on Dechert’s vast experience in financial services, leveraged finance, mergers and acquisitions, private equity, hedge funds, litigation, finance and real estate, financial regulation and tax law. Applying our collective skills and backgrounds enables us to provide seamless cross-disciplinary representation in any bankruptcy, restructuring or reorganization situation. Additionally, our lawyers have extensive working relationships with investment banks, crisis managers and other financial advisors and work closely with those professionals to enhance our clients’ primary objective of maximizing value in the most efficient manner possible.

Clients in a variety of industries benefit from our group’s experience and knowledge as well as our ability to quickly devise strategic solutions for companies in crisis. The 30 lawyers in our bankruptcy, restructuring and reorganization practice skillfully solve the legal and economic challenges that are present in significant restructuring and bankruptcy matters, crafting creative solutions to achieve our clients’ specific goals. We are equally skilled at pursuing our clients’ interests through consensus building and litigation. In 2010, The Legal 500, United States ranked Dechert as a leading national law firm for restructuring and The Deal has ranked us among the top bankruptcy law firms by case volume since 2008. Additionally, lawyers in our group are continually ranked by Chambers USA and Benchmark Litigation as leaders in the restructuring field.

In 2016, Michael Sage and Shmuel Vasser co-led the team awarded the “Chapter 11 Reorganization of the Year (US$1 billion – US$5 billion)” at The M&A Advisor’s 11th Annual Turnaround Awards for its representation of RCS Capital. The restructuring of RCS Capital was also selected by Beard Group’s Turnarounds & Workouts in its annual “Successful Restructurings” round-up for 2016.

In 2013, Dechert's financial restructuring and litigation practices were recognized in the Financial Times’ Top U.S. Innovative Law Firms survey's Litigation category for their "standout" work on behalf of noteholders in connection with the cross-border insolvency of Vitro S.A.B. de C.V., a Mexican glass manufacturer.

Latin Lawyer recognized the group’s work on the restructuring of Satmex, a leading satellite service provider in Latin America, with a 2011 “Deal of the Year” Award.