On Dec. 12, famed bankruptcy attorney James Sprayregen will rejoin Kirkland & Ellis LLP in its New York and Chicago offices as a partner. He spent almost three years with Goldman, Sachs & Co., where he was a managing director and co-head of of the Americas restructuring group. Thomas Yannucci, chair of Kirkland's worldwide management committee, said in a statement, "Jamie was instrumental in laying the foundation for the premiere restructuring practice we have today."
Continue reading below
Sprayregen previously spent 16 years with Kirkland, where he
led complex Chapter 11 cases for United Airlines, Conseco, NRG Energy
and TWA Corp., among others. The New York Times reported that
Sprayregen predicted
that more ailing companies would need to seek legal solutions to their
troubles as credit markets make bankruptcy refinancing or loans
expensive. The Times also quoted Sprayregen as saying his time at Goldman had
taught him more about the financial side of bankruptcy, including a
company's operations and balance sheets.
Rick Cieri, a senior
partner in Kirkland's restructuring practice group (who Sprayregen
will work closely with), said he was "thrilled" about Sprayregen's
decision to return to the practice. -
Baz Hiralal
