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Business Restructuring and Reorganization Return to Practice Areas & Industries

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Practice/Industry Group Overview

Jones Day's Business Restructuring & Reorganization team, comprising approximately 100 lawyers Firmwide, is one of the premier restructuring and reorganization practices in the world. We have consistently been ranked among the top law firms in restructuring and reorganization both domestically and internationally. Jones Day restructuring lawyers, including practice founder David G. Heiman and practice chair Paul D. Leake, are regularly recognized in publications such as The Wall Street Journal, The American Lawyer, Business Week, Turnarounds & Workouts, Chambers USA: Guide to the World's Leading Business Lawyers, Expert Guides' Guide to the World's Leading Insolvency and Restructuring Lawyers, the International Financial Review 1000, and the K & A Restructuring Register: America's Top 100 as being among the leading bankruptcy and restructuring practitioners in the world. Given our level of knowledge, depth and commitment to client satisfaction, we are particularly well-positioned to represent debtors, creditors, and other parties in complex restructurings, out-of-court workouts, chapter 11 cases, and other matters involving financially distressed entities.

Core Values

Jones Day's approach to restructuring engagements is characterized by an unwavering commitment to four fundamental principles:

  • First, maximizing constituency recoveries while minimizing the time and expense associated with the restructuring process;
  • Second, bringing to bear the best possible combination of restructuring-related and industry-specific experience, as necessary and appropriate, including resources from Jones Day's eminent Litigation, Mergers & Acquisitions, Capital Markets, Antitrust & Competition, Tax, Employee Benefits, Labor & Employment, and Technology practices and leading Energy, Transportation, Retail, Health Care, and Telecommunications teams;
  • Third, utilizing these various resources, wherever possible, to build consensus and achieve negotiated solutions (but where that is not possible or desirable, aggressively pursuing litigation or other alternatives); and
  • Fourth, but most important, maintaining paramount focus on client service and satisfaction consistent with the highest ethical standards.

Client Satisfaction

We are proud that our commitment to these principles consistently garners the Firm national recognition. In 2003 we topped Boston-based BTI Consulting's Client Service A-Team, which identified the top 30 client service law firms through a national survey of Fortune 1000 corporate counsel. Jones Day's client service score surpassed that of all other law firms by a margin of 37.4%.

Unrivaled Geographic Presence

The Business Restructuring & Reorganization team maintains a substantial geographic presence in the U.S. and abroad. Our lawyers can be found in nearly all of the major U.S. and international financial hubs, including NewYork, Chicago, London, Frankfurt, Paris, and Tokyo.

Moreover, the Firm's presence extends beyond these major financial centers, in recognition of the fact that not every potential client chooses to do business in the largest metropolitan areas. In all, Business Restructuring & Reorganization lawyers can be found in 15 locations worldwide, including (in addition to those mentioned above) Atlanta, Cleveland, Columbus, Dallas, Milan, Munich, San Francisco, and Washington, D.C.

Our global reach and international capabilities enable us to respond quickly and efficiently to any restructuring engagement within the U.S. or abroad. We have played a leading role in many of the largest and most widely publicized transnational restructurings and bankruptcies of the last decade. Our international insolvency lawyers are intimately involved in various international workout transactions and multijurisdictional reorganization and bankruptcy proceedings, and we advise U.S. and non-U.S. clients seeking to expand their international operations, as well as various non-U.S. economies that are experiencing substantial instability.

Contact(s)

Paul D. Leake
New York
Tel: 1.212.326.3939

David G. Heiman
Cleveland
Tel: 1.216.586.3939

Corinne Ball
New York
Tel: 1.212.326.3939

Gregory M. Gordon
Dallas
Tel: 1.214.220.3939

Adam Plainer
London
Tel: 44.20.7039.5959

Dr. Volker Kammel
Frankfurt
Tel: 49.69.9726.3939