Clifford Chance has hired US partner David M. Feldman to co-lead its Global Restructuring & Insolvency practice alongside Philip Hertz, who has led the practice since 2016, further strengthening the firm's Restructuring & Insolvency team in the US.
 
Feldman joins the firm from Gibson, Dunn & Crutcher, where he served as co-chair of the restructuring practice for 16 years. He brings more than 30 years of experience in restructuring and insolvency law, with experience representing large and sophisticated credit funds, private equity firms, financial institutions, and companies in complex bankruptcy cases, out-of-court restructurings, and distressed asset and debt transactions.
 
Feldman's addition bolsters the firm’s Restructuring & Insolvency team in New York and enhances its ability to handle cutting-edge, distressed investing and restructuring matters in the US as part of the firm's global offering.
 
Philip Hertz said, "I am delighted to welcome David to the firm and look forward to collaborating with him in leading the Global Restructuring & Insolvency Group. In today's dynamic global economic landscape, strategic financial restructuring presents numerous opportunities. David's appointment will bolster the momentum of our growing US bankruptcy practice and highlights the firm's commitment to enhancing our restructuring capabilities both domestically and globally. This will strengthen our ability to support clients in navigating complex situations."
 
Zarrar Sehgal, Co-Head of the Global Financial Markets group in the Americas, said, "David is a tremendous leader, and his appointment as Co-Head of the Global Restructuring & Insolvency practice underscores our strategic growth and ambitious goals both nationally and internationally. His perspective from our Americas region, combined with Philip's global view, positions our R&I group to provide unparalleled support to our clients with comprehensive, well-rounded experience."
 
Head of the US Restructuring & Insolvency practice Brian Lohan said, "Having known and worked with David for over a decade, I am excited for him to add his experience working with a broad range of clients – from financial institutions to corporates – to our US Restructuring team at Clifford Chance. As we continue to grow and deepen our domestic restructuring bench, we are further establishing a leading position in the US and building our range of offerings to meet the globalization of our clients' business needs."
 
Feldman said, "Clifford Chance presents an exciting opportunity to advise a global client base on domestic restructuring issues. The firm offers a truly global platform, enabling me to better serve the international needs of my distressed investing and restructuring clients in the US. I look forward to collaborating with Philip and the talented team to expand and strengthen our Restructuring & Insolvency practice, both domestically and internationally.”