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Ray Schrock

Ray Schrock

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Latham & Watkins LLP

Latham & Watkins LLP

United States • Finance

1

Restructuring (including bankruptcy): corporate

Latham & Watkins LLP has substantially enhanced its market position through a series of senior lateral hires. Operating across multiple industries, the firm is now widely considered to be a leader in company-side engagements in the restructuring and bankruptcy field, along with having genuine credibility in creditor-side representations. It benefits from its bountiful private equity client base, along with a substantial list of public company clients, rounded off by its contacts to banks, direct lenders and private credit providers. Ray Schrock has joined as global chair of the restructuring and special situations team, arriving alongside Candace Arthur and Alexander Welch from Weil, Gotshal & Manges LLP. Andrew Parlen was hired from Paul, Weiss, Rifkind, Wharton & Garrison LLP to lead the US restructuring team, while Joseph Zujkowski has arrived from Gibson, Dunn & Crutcher LLP to bolster the team’s creditor-side expertise. George Davis has an outstanding reputation, with Los Angeles-based Jeff Bjork and Chicago’s Caroline Reckler also highly rated. David Hammerman and Los Angeles-based Helena Tseregounis are notable practitioners. Ryan Preston Dahl and Natasha Hwangpo joined the team from Ropes & Gray in October 2025. Named individuals are based in New York unless stated otherwise.
Legal 500 Editorial commentary
Phone
+1.212.906.1285
Email
[email protected]
Profile
lw.com

Profile

Position

Ray Schrock, Global Chair of the Restructuring & Special Situations Practice, represents public and private companies, private equity sponsors, creditors, and other clients in complex liability management transactions and complex international and US restructuring matters.

Widely recognized as one of the world’s leading restructuring lawyers, ranked Band 1 by Chambers & Partners globally and in the United States, Ray advises leading public companies, financial institutions, private equity funds, portfolio companies, and creditors on matters across multiple sectors in complex liability management transactions and restructurings.

Ray has led some of the world’s most novel and complex liability management transactions and complex restructurings, including: Sears, J. Crew, Serta Simmons Bedding, AMC Entertainment, Steward Health Systems, PG&E, Air Methods, Southeastern Grocers, Tidewater, DiTech, A&P Supermarkets, Ally Bank/ResCap, and many others.

Before joining Latham, Ray was practice co-chair and global management committee member at another leading global law firm.

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Testimonials

Collated independently by Legal 500 research team.

  • 'Jeff Bjork is known widely for his restructuring work. He emphasizes the necessary commercial foundations of restructuring projects, while his knowledge and experience in negotiation and on legal matters are exceptional.'

Key clients

  • 2U AIG Financial Products Attestor Capital Audacy Bank of Montreal (BMO) Barretts Minerals Cox Operating CPF - Canada Holdings Corp Deutsche Bank EPR Properties Farfetch Imerys JOANN JPMorgan Chase Bank Lenders to SmileDirectClub MOD Super Fast Pizza, Oaktree Capital Range Parent and RobertShaw US Holding Corp Russell Crumpler and Christopher Farmer, as joint liquidators of Three Arrows Capital Sorrento Therapeutics Spirit Realty Capital Starry Group Holdings Thai Union Investments The Carlyle Group The Church of Jesus Christ of Latter-day Saints, a Utah corporation sole Travelport Trinity Capital Investments Vital Pharmaceuticals

Work highlights

Represented AIG Financial Products, a wholly-owned subsidiary of AIG, in its chapter 11 proceedings in the Bankruptcy Court for the District of Delaware.
Represented Travelport in an out-of-court restructuring of approximately $4.3bn of funded debt.
Advised Audacy and its debtor affiliates in their multi-billion dollar pre-packaged chapter 11 cases to implement a consensual restructuring of their balance sheet.