O’Melveny & Myers has snagged Stroock & Stroock & Lavan’s four-partner bankruptcy practice, to be co-headed by Michael Sage. Sage, who also co-chaired the practice at Stroock, focuses his work on representing private equity and distressed debt funds in restructuring situations. O’Melveny will be Sage’s fourth firm in the past 10 years; the highly sought lateral partner has also been employed by Dewey Ballantine and Cadwalader, Wickersham & Taft. The other Stroock bankruptcy partners joining O’Melveny are Gerald C. Bender, Doron Lipshitz and Patricia M. Perez. Many firms have been working to build up their restructuring practices in anticipation of a surge in business.
Source: www.law.com