DLA Piper Hires Restructuring Group Head

H. Jeffrey Schwartz has joined the New York office of DLA Piper as Chair of the US Restructuring group. Schwartz joins the firm from Dechert LLP where he was co-leader of the global Business Restructuring and Reorganization practice group.

Press release:

DLA Piper announced today that H. Jeffrey Schwartz has joined the New York office as Chair of the US Restructuring group. Schwartz joins the firm from Dechert LLP where he was co-leader of the global Business Restructuring and Reorganization practice group.

Schwartz has a national and international practice representing debtors and other major parties in large, complex and sophisticated reorganization cases. He brings extensive trial experience as well as a long track record of successful out-of-court restructurings in the US and abroad. Known for developing innovative solutions to complex and often novel reorganization issues, he is a widely published author and frequent lecturer. His counsel is frequently sought by boards facing distress, and his business and financial acumen has been recognized through service as a Director on numerous boards of both private and publicly traded corporations. Schwartz joins DLA Piper not long after the firm recruited partner Alan Solow as Vice Chair of the Restructuring group in April. Schwartz will work closely with the existing group leadership, including Thomas Califano, Timothy Walsh and Karol Denniston, to strategically drive the practice forward.

“The global recession has created historic demand for sophisticated restructuring advice that goes beyond state and national borders,” said Francis B. Burch, Jr., Global Chairman of DLA Piper. “Jeffrey’s experience and leadership take our practice to the next level as we leverage our global platform to provide restructuring advice wherever our clients need it.”

“Jeffrey is a world class restructuring lawyer with a keen business sense, an entrepreneurial drive and a global vision,” said Roger Meltzer, Global Chair of DLA Piper’s Corporate and Finance group. “Our strategy is to listen to our clients and respond to current industry and economic conditions by following pools of capital and their velocity. Jeffrey’s move significantly advances our strategy to grow our leading global corporate and finance practice, and his experience and track record will be a tremendous asset to our clients.”

“We are in the midst of the first real global recession since the 1930’s, and DLA Piper’s global platform puts the firm in a unique position to meet client needs in the current environment,” said Schwartz. “I’m looking forward to the opportunity to chair this dynamic group, and help build a market-leading global restructuring practice. I’m especially excited to work with the existing practice leadership – Tom Califano, Tim Walsh, Karol Denniston and Alan Solow – to take this practice to the next level.”

About H. Jeffrey Schwartz

Schwartz has 30 years of highly successful major reorganization and restructuring experience. In less than four years at Dechert LLP, he successfully built a national bankruptcy practice. Prior to that he spent his entire career at Benesch Friedlander, where he was Chairman of the Business Restructuring and Reorganization Practice Group for 15 years and served as a member of the firm’s executive committee. Schwartz has been repeatedly recognized as a leader in bankruptcy and restructuring by Chambers USA and The Best Lawyers in America.

Schwartz is a member of the American Bankruptcy Institute, and is a widely published author and frequent lecturer. Early in his career he clerked for the Honorable William J. O’Neill of the United States Bankruptcy Court for the Northern District of Ohio, and the Honorable Joseph T. Molitoris of the United States Bankruptcy Court for the Northern District of Ohio. Schwartz received a J.D. from Cleveland-Marshall College of Law and a B.A. from Cleveland State University.

About DLA Piper’s Restructuring Group

DLA Piper’s Restructuring group is well positioned to meet the ever-increasing needs of major companies and financial institutions. With more than 200 lawyers globally, the group provides comprehensive restructuring services to clients both in and out of court. DLA Piper’s lawyers work with clients to develop strategies to respond to financial distress, restructure debt obligations or obtain corporate control. Throughout the current financial crisis, the group has been heavily involved in dozens of major restructuring matters, including significant engagement related to the Lehman Brothers and Washington Mutual chapter 11 cases.

About DLA Piper (www.dlapiper.com)

DLA Piper has 3,700 lawyers in 29 countries and 67 offices throughout the US, UK, Continental Europe, Middle East and Asia. In certain jurisdictions, this information may be considered attorney advertising.