Jenner & Block has expanded its bankruptcy and restructuring practice by hiring Doug Spelfogel and Derek Wright as new partners. Spelfogel will be stationed in New York while Wright will operate from Chicago, further broadening the geographical reach of the practice. This hiring announcement was made public by Jenner & Block on a Wednesday, emphasizing the firm’s commitment to strengthening its capabilities in handling complex financial restructurings and bankruptcy proceedings.
Doug Spelfogel steps into his new role as a co-chair of the bankruptcy and restructuring practice. With a repertoire that spans financial institutions, private equity firms, hedge funds, creditor committees, trustees, and corporate executives, Spelfogel is renowned for guiding clients through intricate restructurings and business reorganizations. His experience also covers cross-border proceedings, which provides a global dimension to his legal expertise.
Derek Wright brings his own set of specialized skills to the firm. His focus includes Chapter 11 proceedings, which are a cornerstone of U.S. bankruptcy law, granting companies the ability to reorganize while continuing operations. Additionally, Wright advises on out-of-court restructurings, high-stakes bankruptcy litigation, and Section 363 asset sales, which are critical elements in the realm of distressed scenarios.
This strategic hiring underscores Jenner & Block’s initiative to consolidate its standing in the legal sector, particularly in dealing with complex bankruptcy and restructuring cases. For more details on this development, you can read the full announcement here.