Mayer Brown has announced the addition of Rich Stieglitz as a partner and co-leader of its restructuring practice in New York. Stieglitz brings extensive experience in advising lenders and agents in complex bankruptcy cases, including debtor-in-possession (DIP) and exit financings, out-of-court restructurings, and liability management exercises.
His expertise further extends to representing companies in financial distress, where he has guided debtors through Chapter 11 bankruptcy cases, debt-for-equity exchanges, and both consensual and non-consensual plans, as well as 363 sales. This strategic hire from Cahill Gordon & Reindel enhances Mayer Brown’s capabilities in handling high-stakes bankruptcy and restructuring matters.
The move aligns with Mayer Brown’s objective to reinforce its presence in the competitive New York market by acquiring legal talent adept in handling sophisticated financial and corporate restructurings. As economic uncertainties linger, this appointment ensures Mayer Brown is well poised to manage an anticipated surge in demand for restructuring expertise.
For further details regarding Stieglitz’s appointment, you can visit the original report by Bloomberg Law.