Restructuring & Reorganization Advisory Overview

Our restructuring and reorganization advisory operation is one of the leading advisers to companies and creditors in restructurings and bankruptcies. Since 1991, we have advised in more than 150 distressed situations and/or restructuring situations both in and out of bankruptcy proceedings, involving more than $575 billion of total liabilities.

Our restructuring and reorganization advisory services clients include companies, creditors, corporate parents, financial sponsors and acquirors of troubled companies. This operation is particularly active in large, complex and high-profile bankruptcies and restructurings. Some of the debtor clients that we have advised include Delta Air Lines, Eurotunnel, Enron, Global Crossing, Mirant, W.R. Grace and Winn-Dixie Stores in their Chapter 11 reorganizations. In addition to restructuring advice, the group has provided general advice to such major companies as General Motors, Goodyear and Xerox.

Our restructuring and reorganizing advisory operation has done extensive work not only in the United States, but also in Europe and Asia. In June 2007 we opened an office in London to expand our offerings abroad.