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Financial Restructuring
Chambers and Partners USA
New York Bankruptcy/Restructuring
Texas Bankruptcy/Restructuring (Band 3)
According to Chambers USA 2011:
THE FIRM Bracewell has an excellent regional practice largely known for undertaking creditor-side assignments, representing committees and creditors, as well as trustees, in bankruptcies throughout Texas and the Southwest. One of the team's greatest strengths lies in its representations of clients in the oil and gas sector, particularly exploration and production companies such as Energy Partners, TXCO Resources and Viking Drilling. The group also acts for debtors, having recently represented offshore vessel owner Deep Marine Technology in its bankruptcy filing.
Sources say: "Great lawyers who provide superb, practical legal advice."
KEY INDIVIDUALS Trey Wood has had a resoundingly successful year representing the first-lien agents and lenders in out-of-court restructurings for the firm's exploration and production company clients. He also represented EnerVest in connection with the acquisition of an oil and gas company out of bankruptcy. He is "an incredibly knowledgeable and gifted bankruptcy attorney who is excellent in understanding what diminishes value and how to create value in proceedings." Marcy Kurtz is an expert bankruptcy litigator, whom sources recommend for her "brilliantly tough approach and solid judgment." She led in the group's representation of Deep Marine Technology, and is also experienced in a range of creditors' rights matters and bankruptcy issues relating to M&A transactions. Samuel Stricklin has an impressive caseload acting on behalf of creditors' committees in the real estate, retail and restaurant sectors. He is described as "an absolute bulldog on behalf of his clients: aggressive, competent and highly respected."
Evan Flaschenis chair of the financial restructuring group at Bracewell & Giuliani LLP. He is based in the firm's office in Connecticut, but manages an extremely respected practice in New York. He is particularly renowned for his cross-border and international bankruptcy expertise, as well as for his experience representing second-lien lenders and second-place debt-holders.
Legal 500
Corporate Restructuring (Tier 5)
According to Legal 500 2011:
Led out of Connecticut by the "exceptionally good" Evan Flaschen, Bracewell & Giuliani LLP’s 13-partner team provides a "strong service" to a broad array of stakeholders, both in and out-of-court restructurings, particularly in the mid-market. Flaschen has a “loyal following” amongst bondholders, and along with fellow Connecticut partner Renée Dailey is currently engaged by a noteholder group holding $13bn of public senior and subordinated bonds in Washington Mutual Bank’s restructuring. Consistent with the core practice areas of the firm as a whole – the energy sector accounts for a significant amount of instructions. Indeed, the Texas office has handled a number of debtor mandates in this sector including its representation of Deep Marine Technology, an owner of off-shore vessels for use in oil and gas transportation. Another particular area of strength for the practice is its ability to handle cross-border mandates, as demonstrated by its involvement in the restructuring of Canadian television provider Canwest Global Communications. Instructed by the Canadian Monitor to obtain Chapter 15 protection in the US, the matter involved sensitive co-ordination with the Canadian proceedings to ensure seamless cross-border restructuring co-operation. Dallas-based partner Samuel Stricklin has an excellent reputation for bankruptcy litigation, while the "very good" Kurt Mayr out of Connecticut is a rising star with a focus on advising ad hoc and official creditors committees. Clients include Monarch Alternative Capital, D E Shaw & Co, Guardian Life Insurance, Metropolitan Life Insurance, JPMorgan, Principal Financial Group and AEGON.
Chambers Global
According to Chambers Global 2012:
Evan Flaschen is chair of the financial restructuring group at Bracewell & Giuliani LLP. Although based in the firm's Connecticut office, he manages an extremely respected practice in New York. He is particularly renowned for his cross-border and international bankruptcy expertise, as well as for his experience representing second-lien lenders and second-tier debt-holders.
