Wiley Rein is casting off its bankruptcy group
Corrected: Wiley Rein is spinning off its eight-lawyer bankruptcy and restructuring group, citing the anticipated needs of clients and its strategic plan.
Wiley Rein managing partner Peter Shields confirmed the move in a statement. First to report the news were Above the Law and the Washington Post, according to an Am Law Daily story.
“This very difficult decision to spin off the bankruptcy practice follows an in-depth analysis of the current and future needs of the firm’s clients, and is aligned with the firm’s new strategic plan that we launched at our recent annual partner/of counsel retreat,” Shields said. “We all value the bankruptcy team, and we hope to work collaboratively with them in the future.”
Jason Gold, chair of the bankruptcy group, also issued a statement. “As an independent practice dedicated to offering bankruptcy and restructuring services, we will be able to provide flexible alternative fee options and greater value to our bankruptcy clients,” he said. “We have enjoyed working with our colleagues at Wiley Rein, as partners and friends, and we look forward to working with them on client matters in the future.”
Corrected at 8:45 a.m. to correctly spell the name of Jason Gold.
