#United States #New York #Latham & Watkins #Restructuring #Ray Schrock

Latham & Watkins Welcomes New Partners to Strengthen Restructuring Practice

Latham & Watkins LLP has recently announced the addition of four distinguished partners to its New York office, further solidifying its position as a leader in the restructuring field. This strategic move is aimed at enhancing the firm's already impressive Restructuring Special Situations Practice, which is known for tackling some of the most intricate and high-profile bankruptcy and restructuring cases in the industry.

The newly joined partners include Ray Schrock, who will assume the role of Global Chair of the Restructuring Special Situations Practice, alongside his colleagues Candace Arthur, Alexander Welch, and Andrew Parlen. Each of these legal experts brings a wealth of experience from their previous roles at prominent firms, most notably Weil and Paul, Weiss. Their arrival marks a significant expansion of Latham's capabilities, particularly on both the company and creditor sides of restructuring matters.

Ray Schrock is widely recognized as one of the foremost figures in bankruptcy and restructuring law, possessing an extensive track record that includes advising various public companies and financial institutions on complex cases. His leadership as Global Chair is set to steer Latham's restructuring practice into new territories of achievement. Andrew Parlen will serve as the Head of US Restructuring, amplifying the firm’s focus on innovative solutions for distressed companies.

In a statement, Rich Trobman, the firm’s Chair and Managing Partner, expressed his enthusiasm about the new partners: "We are delighted to welcome Ray, Candace, Alex, and Andrew to our team. They are exceptional lawyers and significant additions to both our New York office and our Restructuring Special Situations Practice. We are committed to building the absolute best restructuring firm in the world, and this group marks a key step towards our ambitious goals."

The experience of the new partners extends across various complex restructuring scenarios, including out-of-court restructurings, pre-packaged Chapter 11 reorganizations, and strategic acquisitions of distressed companies across multiple sectors such as healthcare, retail, and financial services. Their combined expertise will not only enhance Latham’s market position but also offer clients unmatched service and counsel during critical financial transitions.

The addition of these partners comes alongside the recent inclusion of Joe Zujkowski, who joined the firm in August 2024, reaffirming Latham's commitment to expanding its restructuring capabilities strategically. The combined strength of these professionals is expected to open new avenues for business development and deepen existing client relationships.

Furthermore, the leadership transition within the firm highlights George Davis's contributions, who has successfully led the practice into a period of growth and innovation. His ongoing involvement is anticipated to provide continuity and further empowerment of the restructuring segment at Latham.

Marc Jaffe, the Office Managing Partner of Latham's New York office, emphasized the significance of this transition: "The arrival of this accomplished group of partners is a significant milestone for our practice in New York, the US, and globally." He noted that their robust relationships with major corporations and sponsors will enhance Latham’s competencies in the restructuring domain.

As the legal landscape continues to evolve, Latham & Watkins is clearly positioning itself at the forefront of restructuring law, bolstered by a team that not only possesses excellent reputations but also a proven ability to navigate complex financial scenarios. The merger of their experiences marks a promising future for the firm and its clients, promising sophisticated legal solutions tailored for any restructuring challenge ahead.

In conclusion, this strategic addition to Latham’s New York office is expected to resonate positively across the firm’s global footprint, delivering enhanced capabilities in identifying and executing effective restructuring strategies for their clientele. By uniting the talents and exceptional legal prowess of these new partners, Latham & Watkins bolsters its standing as a premier destination for clients seeking expert guidance in navigating the complexities of restructuring and bankruptcy.