Smith, Gambrell & Russell has expanded its bankruptcy and financial restructuring practice in New York by adding three new partners. The firm welcomed Mark Frankel, M. David Graubard, and Brett S. Theisen, each bringing a wealth of experience in handling bankruptcy cases and financial restructuring.
The strategic move aims to enhance Smith Gambrell’s capabilities, especially as companies recover from pandemic-induced financial distress. The firm’s decision is seen as a response to the increasing demand for bankruptcy expertise, as businesses continue navigating complex economic environments.
The new partners previously served at Backenroth Frankel & Krinsky. Both Frankel and Graubard are noted for their significant involvement in high-profile Chapter 11 cases, while Theisen is recognized for his work on bankruptcy litigation and creditor rights.
Smith Gambrell’s recent expansion in New York follows a trend among law firms to bolster their capabilities in financial restructuring amid a fluctuating economy. You can read more about this development at Bloomberg Law.
As businesses face new challenges, the necessity for skilled legal guidance becomes pronounced, underscoring the strategic importance of these appointments in structuring actionable plans to navigate insolvency and restructuring processes.