27 February 2005 – LAWFUEL – The Law News Network – Kaye Scholer LLP is pleased to announce the addition of five new partners. Margot Schonholtz, Mark Liscio, Madlyn Gleich Primoff, Scott Talmadge and Jill Kurtzman, all of Clifford Chance, will join the firm’s Business Reorganization and Creditors’ Rights practice. Led by Ms. Schonholtz, who has served as regional head of the Financial Restructuring and Insolvency Group at Clifford Chance and a member of its Partnership Council, the team will enhance Kaye Scholer’s already preeminent creditors’ rights practice. With the arrival of the new group, the firm will have more than 50 attorneys practicing in this area in New York, Chicago and Los Angeles.
Barry Willner, managing partner of Kaye Scholer, noted that “This group is one of the top creditors’ rights groups in the country. Combining it with our existing practice will create an unparalleled presence in this area.”
Ms. Schonholtz, who will join the group as co-head of the practice, has more than 25 years’ experience representing leading institutional creditors, agents to syndicated lending groups, large lender groups, official and unofficial creditors’ committees and commercial lenders in out-of-court debt restructurings, loan workouts, asset sale transactions and bankruptcy matters. Mr. Liscio is focused on the representation of syndicate agents and major financial institutions in complex debt restructurings and loan workouts, insolvency proceedings, asset dispositions and investments to troubled companies. Madlyn Gleich Primoff focuses primarily on the representation of secured creditors in contentious bankruptcy cases, “pre-packaged” bankruptcy cases and out-of-court workouts and restructurings, as well as international insolvency matters. Scott Talmadge has represented creditors in both state and federal court proceedings, including actions to collect outstanding debt, enforce and foreclose upon collateral and to seize collateral at the outset of a proceeding. Jill Kurtzman focuses on the representation of foreign and domestic banks and other financial institutions in debt restructurings, secured and unsecured financing transactions, loan workouts, asset sale transactions, debtor-in-possession financing and bankruptcy-related matters.
Arthur Steinberg, co-chair of the Business Reorganization and Creditors’ Rights practice, said of the new members of the firm, “They represent some of the top financial institutions in the country, as do we, and we anticipate tremendous opportunities.” Michael Solow, co-chair of the practice, added “We are eagerly anticipating their arrival. We expect great things from the combined practice.”
Kaye Scholer has one of the country’s premier creditors’ rights groups, representing individual creditors and creditor groups of all kinds, including agents and bank groups in syndicated credit facilities, secured and unsecured noteholders, creditors’ committees, examiners and other fiduciaries and debtors and equity holders. .