Having recently absorbed the restructuring practice of Stroock & Stroock & Lavan LLP, the New York-based team at Paul Hastings LLP‘s cross-jurisdictional group represents a range of parties including unsecured creditor committees, banks, sponsors and ad hoc groups of creditors. The firm also benefits from its debtor-side practice, while also providing on-the-ground restructuring advice across the globe with lawyers situated across the U.S. Attorneys, such as co-chair Kristopher Hansen , who was noted by one client as a ’rockstar‘ in the field, and has been involved in a series of bankruptcies including those related to crypto and the pharmaceutical industry. co-chair Jayme Goldstein specializes in representing a range of parties in chapter 11 and out-of-court restructurings, alongside Jonathan Canfield who has led the representation of creditors in complex restructuring matters. Daniel Fliman has a diverse practice on both the debtor and creditor side, whereas Gabe Sasson represents official committees of unsecured creditors and has led on a range of restructuring and bankruptcies. Lindsey Henrikson joined the Chicago office from King & Spalding LLP in September 2024.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘They were able to utilize two different strategies with an exceptionally difficult opposing counsel by being both friendly and aggressive. It has had a material impact on the restructure including a net positive impact of $4B+ in recovery.’
‘Kris Hansen - Willing to roll sleeves up and get his hands dirty; doesn't hide issues from client. Erez Gilad - Incredible endurance in negotiating sessions. Ken Pasquale - Lead litigator, handled a diverse range of cases each with a customized approach.’
‘The whole team is top notch, extremely knowledgeable and very responsive. They have gone above and beyond to get a very favorable outcome with restructuring situation.’
‘Kris Hansen is a rockstar and does a very nice job simplifying very complex issues. He is very responsive (i.e. doesn't matter if it is 10 AM on a Sunday-he will talk to you) and one of the best communicators I have ever met.’
Key clients
- Official Creditors' Committee of FTX
- Official Committee of Unsecured Creditors of WeWork Inc.
- Ad Hoc Committee of Supporting Counsel in LTL Management
- Ad Hoc Group of Crossholders of Diamond Sports Group
- Ad Hoc Group of Noteholders and Equity Holders of CWT Travel Holdings
- Ad Hoc Group of Noteholders of TPC Group
- Official Committee of Unsecured Creditors of Smile Direct Company
- Ad Hoc Group of First Lien Lenders to Output Services Group
- Sandy Creek Energy Associates L.P.
- TCW Asset Management
Work highlights
- Represented the FTX Committee in the chapter 11 cases of FTX Trading Ltd, and its 100+ affiliates, which freefell into bankruptcy.
- Represented the WeWork Committee in the chapter 11 cases of shared workspace provider WeWork Inc. and over 500 of its affiliates (“WeWork”).
- Represented the Ad Hoc Committee of Supporting Counsel (the “AHC of Supporting Counsel”) in the bankruptcy of LTL Management, a subsidiary of Johnson & Johnson (“J&J”).
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Practice head
The lawyer(s) leading their teams.
Kristopher Hansen, Jayme Goldstein