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McDermott Will & Schulte

McDermott Will & Schulte

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United States • Finance

3

Restructuring (including bankruptcy): corporate

McDermott Will & Schulte utilises its strong network of national and international offices to advise clients on a range of bankruptcy issues. The team are particularly adept in the healthcare and cryptocurrency space. Practice head Felicia Perlman, who is based in Chicago, manages business reorganisations, debt restructurings, and insolvency matters across the healthcare and energy industries. Wilmington-based David Hurst handles bankruptcy and restructuring matters before the Delaware courts, and Gregg Steinmann, who is based in Miami, specialises in Chapter 7 and 11 proceedings. Daniel Simon, who is based in Atlanta, represents a range of clients in various corporate restructuring transactions.
Legal 500 Editorial commentary

Accolades

Client satisfaction: Lawyer & team quality
Client satisfaction: Billing & efficiency
Client satisfaction: Sector knowledge
Client satisfaction: NPS ®

Testimonials

Collated independently by Legal 500 research team.

  • ‘Sound judgment. Commercial reasonableness and the ability to get the right outcome in an efficient manner. Great mix of young partners and seasoned practitioners. ’

  • ‘This team has treated my case with the absolute top priority that has been needed to accomplish the objectives. They have put every resource necessary behind me to make sure that the case is a success. ’

  • 'Grayson Williams is adept at handling a range of work from drafting pleadings to being out on the front lines of an extremely difficult situation.’

  • ‘Darren Azman and Kristin Going are committee lawyers known across the country for their adroit representation of creditors. The firm also has a terrific healthcare practice.’

  • ‘Wide range of experience and expertise across various industries.’

  • ‘David Hurst is incredibly intelligent, thoughtful, reasonable, and responsive.’

Key clients

  • Official Committee of Unsecured Creditors of Claire’s Holdings LLC
  • Official Committee of Unsecured Creditors of F21 OpCo, LLC
  • Official Committee of Unsecured Creditors of First Mode Holdings, Inc.
  • Voyager Digital Ltd. (Unsecured Creditors Committee and Plan Administrator)
  • Wave Digital Assets, LLC
  • Wellpath Holdings, Inc.
  • Genesis Healthcare, Inc., and 298 of its affiliates
  • Ernst & Young, Inc. – Pride Group Monitor
  • Mercy Iowa City
  • Axar Capital Management
  • Official Committee of Unsecured Creditors of Exela Technologies
  • Official Committee of Unsecured Creditors of Everstream Solutions

Work highlights

Representing the Official Committee of Unsecured Creditors in the high-profile Claire’s Holdings LLC chapter 11 cases, developing appropriate strategies regarding proposed store-closing sales and sale process, and other time-sensitive case matters.
Acting for the Official Committee of Unsecured Creditors, representing over 1 million unsecured creditors, in the high-value Voyager Digital chapter 11.
Acting as counsel to the chapter 7 Trustee, Anne Elizabeth Burns, in the bankruptcy case of Tricolor Auto Group, one of the largest used car retailers in Texas and California with more than $2 billion of debt and the subject of multiple government investigations into allegations of massive fraud.
Practice head

Felicia Perlman

Other key lawyers

David Hurst; Gregg Steinmann; Daniel Simon; Grayson Williams; Darren Azman; Kristin Going; Kristine Manoukian