Milbank Welcomes Liz Downing as New Partner in Financial Restructuring Group in New York

Milbank Expands Financial Restructuring Group with Liz Downing's Arrival

Milbank LLP recently celebrated the addition of Liz Downing as a partner in their New York Financial Restructuring Group. Her joining is seen as a pivotal moment for the firm, further strengthening their capacity in restructuring transactions, particularly on behalf of debtors.

Background on Liz Downing

Liz Downing isn't just an attorney; she’s a distinguished figure in the restructuring space with a wealth of experience. She has represented an array of stakeholders, including debtors, creditors, and equity sponsors, guiding them through complex restructuring processes. Her vast portfolio includes working with companies undergoing prepackaged and conventional Chapter 11 cases, out-of-court workouts, and distressed acquisitions.

She has garnered a significant background across multiple industries, such as healthcare, energy, financial services, shipping, and retail. Notably, her expertise is not limited to the U.S.; she has also provided counsel in numerous cross-border restructuring scenarios in countries like Canada, the Cayman Islands, Ireland, Hong Kong, Peru, Singapore, and the UK.

Scott Edelman, Milbank's Chairman, expressed enthusiasm over Downing's arrival: "We are excited to welcome Liz to Milbank. She is highly regarded in the industry and has played a leading role on some of the most complex restructuring matters in recent years."

Strategic Growth for Milbank

Milbank has been on a trajectory of growth within its Financial Restructuring Group, and Downing's addition serves as a testament to this direction.
Dennis Dunne, Global Chair of Milbank's Financial Restructuring Group and Executive Committee member, also remarked on her experience: "Liz is a highly skilled, experienced restructuring lawyer who will bring further depth to our global bench and debtor-side capabilities."

Downing joins the ranks of recently integrated partners, including Lisa Laukitis, Jaimie Fedell, and Lawrence Wee, as well as Ian Wallace in London and Nicholas Dunstone in Singapore, all contributing to the firm's mission of enhancing its debtor-side capabilities.

A Bright Future Ahead

In her own words, Liz expressed her excitement about joining Milbank: "I am thrilled to join this exceptional team of restructuring lawyers known globally for their involvement in significant corporate restructurings and groundbreaking Chapter 11 cases. I'm looking forward to collaborating with my new partners, particularly my former colleague Lisa Laukitis, to assist clients in navigating their most critical matters."

Previously at Skadden, Arps, Slate, Meagher & Flom LLP in their Corporate Restructuring Group, Downing's expertise and passion for the field will undoubtedly contribute to Milbank's robust legal offerings. As the firm continues its expansion, clients can look forward to innovative solutions and strategic guidance from this newly formed powerhouse team.

About Milbank

Founded over 150 years ago in New York, Milbank LLP has made a name as a leading international law firm delivering innovative legal services to clients worldwide. With offices spread across major global cities, their dedicated lawyers work together to assist a variety of clients, including commercial, financial and industrial enterprises, institutions, individuals, and governments, in achieving their strategic objectives. To learn more about Milbank and their offerings, you can visit their official website or follow them on social media platforms like LinkedIn and Instagram.