Leveraging a ‘deep understanding of the requirements of the different types of stakeholders’, Kirkland & Ellis International LLP excels at handling cross-border restructurings involving often very complex capital structures. Much of the work is fund-related, with the firm’s impressive private equity client base driving substantial instructions, both in defending portfolio companies as debtors and investing in restructuring opportunities. On the debtor front, the team excels in deploying various restructuring and insolvency mechanisms, such as schemes of arrangement and UK restructuring plans, while also supporting corporate debtors and ad-hoc creditor groups beyond the private equity sector. The ’very experienced’ Sean Lacey ‘keeps his calm in difficult situations’ and heads the team. Other key members of the team include the ’pragmatic and strategic’ Thomas Jemmett; Hannah Crawford, who ‘very effectively balances stakeholder management with client needs and interests’; and the ’technically skilled’ Kate Stephenson, who excels in handling work involving restructuring plans. Partha Kar is noted for his capacity to act for creditors and insolvency practitioners as part of a wide-ranging restructuring practice.
Legal 500 Editorial commentary

Accolades

Client satisfaction

Testimonials

Collated independently by Legal 500 research team.

  • 'Very competent and very supportive to the client needs.'
  • 'This is without doubt one of the broadest and strongest restructuring teams across Europe, with significant bench strength and huge experience on cross-border situations.'
  • 'Partha Kar has a brilliant calmness that he brings to complex and highly stressed situations. His ability to give high-calibre advice as he goes and express it in a very clear and understandable way is unparalleled.'
  • 'Sean Lacey is very experienced. Keeps his calm in difficult situations.'
  • 'Thomas Jemmett is exceptional — pragmatic and strategic.'
  • 'Hannah Crawford very effectively balances stakeholder management with client needs and interests; brings collaboration where needed to unlock an issue. '

Key clients

  • McDermott International
  • WeWork
  • Cineworld
  • Hurtigruten
  • Accell
  • Potential bidder on Thames Water
  • Consolis
  • Northvolt
  • Oriflame
  • Greenoaks Capital (investor in the Farfetch acquisition via English pre-pack administration)
  • Stonegate
  • Ad hoc committee of creditors to SGS Finco

Work highlights

Advising Swedish battery manufacturer, Northvolt, on its ongoing $5bn restructuring via US Chapter 11.
Advising a bidder and creditors with $2bn+ exposure on the ongoing €16bn+ restructuring of Thames Water via a ground-breaking UK restructuring plan.
Advising Cineworld on its $5.1bn restructuring via US Chapter 11 in 2022-2023 and, in 2024, on its UK restructuring plans to right-size its UK lease portfolio.

Lawyers

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head

Sean Lacey

Other key lawyers

Partha Kar; Thomas Jemmett; Hannah Crawford; Kate Stephenson; Theon Chalklen; Lynette Janssen