The ‘highly technical and client-centric’ team at Alston & Bird LLP is skilled at advising creditors, investors, trustees and officeholders, in particular, across a range of formal insolvency matters as well as more transactional work, including those utilising special situations strategies. Team head Phillip Taylor is ’able to navigate difficult stakeholder issues’ for a range of clients, including credit funds and officeholders. Anna Nolan is also a key contact and is adept at finding solutions for clients through consensual means such as liability management exercises, as well as through formal restructuring tools, including restructuring plans and schemes.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The strong team is highly technical and client centric.’
  • ‘Phillip Taylor is able to navigate difficult stakeholder issues. He has huge knowledge and experience.'

  • 'You get a lot of partner attention, but the department also has a deep bench of talented and experienced associates to draw on.'

  • 'Phillip Taylor is impressive, technically excellent and very user-friendly. We go to Phil because we know we will get good quality commercial advice.'

  • 'Anna Nolan is a go-getter who steps up and gets things done, both for her clients and in the wider industry. Anna's energetic involvement in industry groups and conferences sets her apart; she is always at the forefront of developments and makes a real impact wherever she is involved.'

  • 'Specialist knowledge, small but very capable team.'

  • 'Phil Taylor - huge knowledge and experience, leads the team well, tremendous attention to detail.'

  • 'Anna Nolan is highly proactive and has a fantastic reputation within the restructuring field.'

  • 'Phil Taylor and James Fisher are great. They are responsive, provide clear advice and are able to navigate difficult stakeholder issues.'

  • 'This team is strong, client focused and a pleasure to work with.'

Key clients

  • Deutsche Bank
  • Qredo Limited
  • Ian James Corfield and Philip David Reynolds (FRP) as joint administrators of Qredo Ltd
  • Alvarez & Marsal Europe LLP
  • GLAS
  • Wilmington Trust

Work highlights

Advised Deutsche Bank on responding to Lehman Brothers Holdings Inc’s appeal of the 2023 High Court Decision in the sub-debt waterfall matter, and the comprehensive settlement reached with various parties in October 2024 which enabled the administrators of Lehman Brothers Holdings plc to proceed with distributions to Deutsche Bank and others.
Advised partners of Alvarez & Marsal as receivers of assets of a Cavendish Square vehicle, issuer of a pre-financial crisis CDO.
Advised the administrators of Qredo Limited, a digital asset custody business in relation to the ongoing administration and digital-asset related issues.

Practice head

Phillip Taylor

Other key lawyers

Anna Nolan; Luke Hiller-Addis