Anderson Kill & Olick's Bankruptcy Group Ranked by Legal 500 USA
12/12/2006
New York, NY (December 7, 2006) - Anderson Kill's bankruptcy group has been ranked highly in the debut edition of the Legal 500 USA directory. The firm's bankruptcy group was recognized by Legal 500 USA for its excellent practice in corporate restructuring - advice to creditors and financial institutions. In addition to the recognition of the entire bankruptcy team, Anderson Kill partner, Gloria Frank was singled out for recommendation. This volume of the directory covers corporate and finance matters and is the first in a series of four annual volumes to be published during 2006 and 2007. Following is Legal 500 USA's review of Anderson Kill:
Anderson Kill & Olick
PRACTICE: Anderson Kill & Olick represents financial institutions and bondholders on bankruptcy cases. Recent major work includes acting as special counsel to the creditors' committee for the bondholder and trade creditor constituencies in the bankruptcy of Owens Corning. The team works closely with lawyers in other practice groups at the firm, especially litigation and insurance.
CLIENTS: Clients include Legg Mason and Washington Mutual. A strong insurance client base includes John Hancock and Metropolitan Life Insurance Company. The firm usually advises such clients in its role as counsel to the creditors committee in restructuring cases. Clients praise the team's bankruptcy work, which they say is often at the more aggressive end of the creditor representation spectrum.
INDIVIDUALS: Although Anderson Kill & Olick has a range of offices in the US, the bankruptcy group is based out of New York, where it is well positioned to advise its strong financial institutional client base. The team has 'extensive experience of bankruptcy and distressed debt cases', and 'is good at negotiated settlements in bankruptcy cases', say clients. One says the team 'is particularly recommended for huge restructuring cases involving complex inter-creditor litigation, especially for clients such as unsecured creditors and hedge funds'. New York partner Gloria Frank is recommended.
About Legal 500
The Legal 500 is a comprehensive guide to the legal market offering recommendations of law firms and lawyers worldwide. Legal 500's rankings and editorial commentary are based on independent research, and produced by a team of researchers/journalists who speak to clients and other purchasers of legal services.
For more information, please contact:
Carol A. Ueckerman
(212) 278-1339
cueckerman@andersonkill.com
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