International law firm McDermott Will & Emery LLP today announced the appointment of highly regarded senior restructuring lawyer Timothy W. Walsh as international head of its Restructuring & Insolvency practice. The move is part of the Firm’s strategic initiative to significantly expand its worldwide restructuring and bankruptcy capabilities.
Mr. Walsh, who joins from an AmLaw Top 5 corporate law firm where he served as partner and Vice Chair of that firm’s Restructuring Practice Group, brings more than 20 years’ experience leading some of the largest and most complex restructuring and bankruptcy proceedings through the United States and throughout the world. He focuses his practice on all aspects of restructuring transactions in major domestic and cross-border bankruptcy-related proceedings as well as out-of-court restructurings.
“We are honored to welcome Tim as head of our international Restructuring & Insolvency practice,” said McDermott co-chair Peter J. Sacripanti. “Tim is considered one of New York’s most highly respected restructuring and bankruptcy lawyers and we are confident that he will help us significantly expand this important practice area. His broad experience advising all participants in high-profile restructuring matters will be extremely valuable to our global clients as McDermott becomes able to deliver more comprehensive, international service offerings.”
“Tim has exactly the background, experience, and relationships needed to lead our drive to become one of the world’s top restructuring firms,” added Jeffrey E. Stone, co-chair of McDermott Will & Emery LLP. “Due to the upheaval in the global economy over the past few years, the demand and opportunity to provide legal services tied to creative restructurings has never been higher. We look forward to working with him as he builds his team and executes the Firm’s strategy for growing this key practice area.”
McDermott’s Restructuring & Insolvency practice is currently recognized by Chambers, PLC Cross-Border and IFLR1000 for its outstanding team of more than 40 lawyers around the world.
Mr. Walsh has represented debtors in possession, creditors’ committees, trustees, secured and unsecured creditors, bondholders, insurance companies, U.S. and foreign lenders, and corporate clients in a broad range of restructuring, insolvency, bankruptcy litigation and commercial real estate matters. In addition, he represents parties in out-of-court workouts, purchases of distressed debt and distressed assets. He is an experienced restructuring and bankruptcy litigator admitted to practice in District Court in New York, the Eastern District of Michigan and the Western District of Wisconsin.
With the addition of Mr. Walsh, McDermott is also bolstering its offerings to the private equity community. “As we build our international restructuring practice, we will also be able to deliver more holistic services to our private equity clients, such as in- and out-of-court restructurings as a means of facilitating acquisitions as well as dispositions of portfolio companies,” said David Goldman, partner and head of McDermott’s Corporate Advisory Practice Group. “Additionally, Tim’s background will be of great help to clients of our Health Industry and Energy Advisory Practice Groups — where the impact of increased governmental health-related regulations and evolving world energy strategies are putting particular strain on these industries.”
In the past 60 days, McDermott has brought on board 9 Corporate partners in the U.S. and Europe. Last week, the Firm announced the opening of a new Frankfurt office led by corporate finance partner Philipp von Ilberg and highly respected corporate and securities partners, Joseph Marx, Dr. Martin Kniehase and Dr. Moritz von Hutten. McDermott also recently announced the addition of private equity partners Mark Davis and Russell Van Praagh in London, corporate partner Giovanni Nicchiniello in Milan, distinguished transactions lawyer Alan D’Ambrosio in New York, and life sciences transactions lawyer Kristian Werling in Chicago. Together these moves reflect a dramatic expansion of its international transactional capabilities, with a focus on private equity, energy and cross-border M&A.
