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Haynes and Boone, L.L.P.

Haynes and Boone, L.L.P.

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United States • Finance

6

Restructuring (including bankruptcy): corporate

Haynes and Boone, L.L.P. advises on Chapter 11 cases, out-of-court workouts, distressed M&A, and insolvency litigation across energy, retail, healthcare, aviation, real estate, and technology sectors. The team represents debtors, secured lenders, unsecured creditors, ad hoc groups, and asset acquirers in domestic and cross-border matters. Practice head Kelli Norfleet handles bankruptcies in oil and gas, power, and tech. Charles Beckham Jr. focuses on energy restructurings and mass torts. Ian Peck advises on Chapter 11 and distressed acquisitions. J. Frasher Murphy represents debtors and creditors in workouts. Stephen Pezanosky guides reorganizations and litigation in energy and real estate. Eli Columbus counsels lenders and private equity, and New York-based Richard Kanowitz represents stakeholders in reorganizations. Ingrid Bagby, who arrived from Cadwalader, Wickersham & Taft LLP in June 2025 advises on cross-border restructurings from New York.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The Haynes and Boone team is smart, effective and efficient, especially when compared to some of their competitors in the restructuring space. I've worked with them in matters where it was necessary to conduct an investigation of past transactions in anticipation of litigation, and they completed the work thoroughly giving practical advice at a very reasonable cost.’

  • ‘Charles Beckham is one of the best and most practical restructuring lawyers I've worked with in nearly 10 years serving as an independent director in restructuring situations. He is very responsive and gives advice that is correct legally and reflects a practical perspective that isn't always presented by lawyers working on restructuring matters.'

  • ‘The Haynes & Boone team is loaded with brilliant restructuring professionals, very strong technical with a superior blend of personalities and negotiating styles that suit a wide range of situations. Richard Kanowitz in particular smart and a strong negotiator. Fraser Murphy and Steve Pezanosky equally strong attorneys. ’

  • ‘The depth of the team is amazing. Across the board, their experience level is extremely high, their ability to achieve the best possible outcome is second to none, and they work great with clients.’

  • ‘Eli Columbus, Frasher Murphy and Ian Peck are exceptional bankruptcy/restructuring counsel. They are all very knowledgeable, hardworking and great resources.’

  • ‘Excellent business sense - good lawyers who know how to get things done.’

  • ‘Senior partners are always actively involved in the case. Thoughtful and practical advice, ability to control the room and build consensus among diverse groups/stakeholders. ’

  • ‘The restructuring team at Haynes & Boone has a great mix of professionals who are all down to earth, smart, strategic, and do right by their clients. They can handle a mix of company and creditor side work and have a strong bench of professionals. I enjoy working with this group and often recommend them to my clients. I don't think there is a better middle to upper market restructuring group based in Texas. ’

  • ‘Outstanding lawyers who deliver best-in-class service and are committed to ensuring the best outcome for their clients. Their expertise spans many industries, but are very well known in the energy and healthcare fields.’

  • ‘A well-known and experienced bankruptcy dept across the state of Texas. ’

Key clients

  • CTCI, Inc.
  • Edwards Lifesciences
  • Comerica Bank
  • Anthology Inc.
  • Omnicare, LLC
  • Yale New Haven Health Services Corporation
  • SACHEM, Inc.
  • Pearlmark Real Estate, LLC
  • Strides Pharma Inc.
  • Sugarloaf TGIF Management, LLC
  • Simplicity Creative Group, LLC
  • Mohsin Meghji, M3 Partners

Work highlights

Represented CTCI, Inc. and CTCI Americas, Inc. in the Chapter 11 of Global Clean Energy Holdings, where CTCI was owed over $900 million for constructing a bio-diesel refinery; led the bankruptcy and finance work on a pre-arranged plan that restructured more than $2 billion in debt and resulted in CTCI and Orion Energy Fund acquiring the reorganized company.
Represented BlockFi in its Chapter 11 proceedings following the 2022 crypto market crash, achieving a 100% recovery on over $1 billion in allowed claims; post-confirmation, were retained by Mohsin Meghji, as plan administrator, to lead the wind-down, including resolving litigation against the Joint Liquidators of Three Arrows Capital Ltd. through mediation that secured a $129 million allowed claim for the estate.
Serving as co-counsel to Omnicare, a subsidiary of CVS Pharmacy, Inc., which operates over 100 pharmacies across 44 states and serves more than 4,000 long-term care facilities.
Practice head

Kelli Stephenson Norfleet

Other key lawyers

Charles Beckham Jr.; Ian Peck; Frasher Murphy; Stephen Pezanosky; Eli Columbus; Richard Kanowitz; Ingrid Bagby