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Best Distressed Debt Restructuring Firms in USA

Non-sponsored, Expert Verified and Transparently Ranked Distressed Debt Restructuring Firms in USA

Published December 22, 2025Updated December 29, 2025

Executive Summary

We analyzed 5 solutions. Top Recommendation: Legal Services by White & Case LLP scored highest due to Best for multinational corporates, sovereigns, and financial institutions facing cross‑border restructurings or Chapter 11/15 complexity. Recognized nationwide for major US bankruptcy/restructuring matters [1], and repeatedly honored for cross‑border restructuring deals in Europe and the Middle East, evidencing global execution strength [2], [3].

At a Glance

5
Providers Compared
0
Verified Providers
100%
Evidence Coverage
#1
Top Recommendation

Legal ServicesbyWhite & Case LLP

Best for: Best for multinational corporates, sovereigns, and financial institutions facing cross‑border restructurings or Chapter 11/15 complexity. Recognized nationwide for major US bankruptcy/restructuring matters [1], and repeatedly honored for cross‑border restructuring deals in Europe and the Middle East, evidencing global execution strength [2], [3].

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Side-by-Side Comparison

Best For
Best for multinational corporates, sovereigns, and financial institutions facing cross‑border restructurings or Chapter 11/15 complexity. Recognized nationwide for major US bankruptcy/restructuring matters [1], and repeatedly honored for cross‑border restructuring deals in Europe and the Middle East, evidencing global execution strength [2], [3].
Cross-Border Expertise
Global, integrated restructuring platform with on-the-ground lawyers in key jurisdictions. Regularly manages simultaneous, multijurisdictional insolvency and Chapter 11/15 proceedings for multinational clients. In Latin America, it has played key roles in most major cross-border restructurings, with dedicated resources in Mexico and Brazil. (whitecase.com) (whitecase.com)
Track Record in Complex Cases
Proven results in complex restructurings: Hertz (paid >US$19B of claims; shareholder recovery), Boy Scouts (US$2.46B survivor trust), Celsius UCC (600k+ account holders), Maxus (US$575M veil‑piercing settlement). (whitecase.com) Recent wins include Zachry (2025 plan confirmation), Seadrill (US$5.6B facilities) and Adler Group (contested €3.2B bond restructuring). (whitecase.com)
Integration of Legal and Financial Advisory
Integrates legal and financial advisory through cross‑practice teams (restructuring, bank finance, tax, regulatory) aligning legal strategy with capital‑structure solutions, and coordinating with financial advisers and investment banks on restructurings (e.g., Pine Gate Renewables). (whitecase.com)
#1
White & Case LLP logo

White & Case LLP

Legal Services

by White & Case LLP

whitecase.com

White & Case LLP

Company Information

Company Overview

What They Do: Provide legal services across various industries and sectors.
Who They Serve: Companies, governments, and financial institutions.

Company Details

Industry: Legal Services

Trust & Compliance

Modern Slavery Statement

Key Value Propositions

  • Global legal expertise
  • Focus on complex legal challenges
  • Dedicated to responsible business practices

Industries Served

Legal Services
Financial Services
Energy
Corporate Governance

Social Links & Discovery

Target Customers

Corporations
Governments
Financial Institutions

Summary

White & Case LLP provides a broad range of legal services to clients worldwide, leveraging its global presence and experience to address complex legal challenges across industries and regions.

Overview

White & Case is an international law firm that serves companies, governments and financial institutions. Our long history as a global firm means we are uniquely placed to help our clients resolve their most complex legal challenges wherever they are.

Best For

Best for multinational corporates, sovereigns, and financial institutions facing cross‑border restructurings or Chapter 11/15 complexity. Recognized nationwide for major US bankruptcy/restructuring matters [1], and repeatedly honored for cross‑border restructuring deals in Europe and the Middle East, evidencing global execution strength [2], [3].

Key Benefits

  • Global reach and experience
  • Expertise in complex legal challenges
  • Industry-specific legal solutions
  • Comprehensive practice coverage

Who Is It For

  • Companies
  • Governments
  • Financial institutions

Features & Modules

Services

White & Case is an international law firm that serves companies, governments and financial institutions. Our long history as a global firm means we are uniquely placed to help our clients resolve their most complex legal challenges wherever they are.

Industries

White & Case serves a wide range of industries.

  • Consumer & Retail
  • Energy
  • Financial Institutions
  • Infrastructure
  • Life Sciences and Healthcare
  • Mining & Metals
  • Private Capital
  • Real Estate
  • Sovereigns
  • Technology

Practices

White & Case offers legal services across numerous practice areas.

  • Antitrust/Competition
  • Asset Finance
  • Capital Markets
  • Construction
  • Data, Privacy & Cybersecurity
  • Debt Finance
  • Derivatives
  • Employment, Compensation & Benefits
  • Financial Restructuring and Insolvency
  • Financial Services Regulatory
  • Foreign Direct Investment (FDI) Reviews
  • International Arbitration
  • Intellectual Property
  • International Trade
  • Islamic Finance
  • Investment Funds
  • Litigation
  • Mergers & Acquisitions
  • Private Wealth & Family Offices
  • Pro Bono
  • Project Development and Finance
  • Sports
  • Sustainability & Responsible Business
  • Tax
  • Technology Transactions
  • US Government Contracts
  • US Public Company Advisory
  • White Collar/Investigations

Regions

White & Case provides legal services across multiple global regions and countries.

  • Africa (Egypt, South Africa)
  • Asia-Pacific (Australia, Hong Kong SAR, India, Indonesia, Japan, Korea, Mainland China, Philippines, Singapore, Taiwan, Vietnam)
  • Central & Eastern Europe (Czech Republic, Kazakhstan, Poland, Türkiye)
  • Latin America (Brazil, Mexico)
  • Middle East (Egypt, Israel, Oman, Qatar, Saudi Arabia, UAE)
  • Nordic (Finland, Sweden)
  • North America (Canada, United States)
  • Western Europe (Belgium, France, Germany, Italy, Luxembourg, Spain, Switzerland, United Kingdom)

Available In

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#2
PJT Partners logo

PJT Partners

Restructuring & Special Situations

by PJT Partners

pjtpartners.com

PJT Partners

Company Information

Company Overview

What They Do: PJT Partners provides strategic advisory, restructuring and special situations, and fund advisory services to clients globally.
Who They Serve: Global companies across various industries, focusing on those involved in transformative transactions and capital raises.

Company Details

Industry: Finance

Contact Information

Key Value Propositions

  • Leading advisory services
  • Highly experienced teams
  • High-touch client service
  • Proven track record in restructuring
  • Global reach in capital support

Industries Served

Finance
Real Estate
Retail
Telecommunications
Technology
Healthcare
Energy
Manufacturing

Social Links & Discovery

Target Customers

Startups
Established companies
Alternative asset managers
Consequential corporations

Summary

PJT Partners is the world’s leading advisor to companies, financial sponsors, and creditors in distressed situations. The Restructuring & Special Situations team operates globally, providing seamless advice and execution for complex financial challenges such as turnarounds, recapitalizations, capital raising, and liability management. The team is known for developing creative solutions and utilizing the breadth of the firm’s global advisory and capital markets capabilities.

Overview

PJT Partners' Restructuring & Special Situations is a global advisory service for companies, financial sponsors, and creditors facing distressed situations, including turnarounds, recapitalizations, capital raising, and liability management. The team leverages deep experience and the firm's global advisory and capital markets capabilities to deliver creative solutions across a diverse range of industries.

Best For

Best for boards, sponsors, debtors, and creditor groups confronting financial distress or liability‑management challenges. PJT consistently tops restructuring rankings and earned IFR’s Restructuring Adviser of the Year multiple years [1], executes landmark, creative transactions like Carvana’s $5.5bn exchange [2], and led H1 2024 court‑approved Chapter 11 IB fees [3].

Score: 94.2/100

Key Features

  • Out-of-Court Advisory: Creative liability management solutions for balance sheet recapitalizations, enhanced liquidity, and shareholder value.
  • Bespoke Financing: Negotiation and execution of complex specialty financings, including new debt and equity capital raises.
  • In-Court Advisory: Guidance on all aspects of traditional in-court Chapter 11 bankruptcy transactions.
  • Tort Liability Resolutions: Development of frameworks and structures to address and resolve contingent liability overhangs.
  • Distressed M&A and Asset Sales: Assistance with buying or selling assets in distressed contexts, both in- and out-of-court.

Key Benefits

  • Access to a seamless global team with deep experience in distressed situations
  • Creative, bespoke solutions tailored to client needs
  • Comprehensive support across the capital structure
  • Proven track record with landmark transactions
  • Ability to advise both in-court and out-of-court situations
  • Expertise in liability management, capital raising, and distressed M&A

Who Is It For

  • Companies facing financial distress or complex strategic challenges
  • Financial sponsors
  • Creditors
  • Boards of directors
  • Shareholders
  • Lenders
  • Bondholders
  • Coordinating committees

Use Cases

  • Turnarounds and recapitalizations
  • Capital raising in distressed situations
  • Liability management exercises
  • Chapter 11 and other bankruptcy proceedings
  • Distressed mergers and acquisitions
  • Resolution of contingent liabilities

Features & Modules

Restructuring & Special Situations

We are the world’s leading advisor to companies, financial sponsors and creditors in distressed situations including turnaround, recapitalizations and capital raising transactions. We operate a seamless global team advising across a diverse range of industries. Our team brings deep experience in developing creative solutions and utilizes the breadth of the firms’ global advisory and capital markets capabilities to serve our clients.

Expertise

  • Out-of-Court Advisory: Design creative liability management solutions for companies, financial sponsors and creditors to support comprehensive balance sheet recapitalizations by creating enhanced liquidity and shareholder value.
  • Bespoke Financing: Assist companies in negotiating and executing complex specialty financings across the capital structure, managing all aspects of a refinancing process including raising new debt and equity capital.
  • In-Court Advisory: Advise companies, financial sponsors, creditor groups and boards of directors on all aspects of traditional in-court Chapter 11 bankruptcy transactions.
  • Tort Liability Resolutions: Provide unmatched expertise in advising companies to develop frameworks to address contingent liability overhangs and to implement structures that comprehensively resolve these liabilities.
  • Distressed M&A and Asset Sales: Assist companies and other stakeholders on buying or selling assets in a distressed context, both in- and out-of-court.

Results

A proven track record of impact, reflected in the landmark transactions and outcomes we've helped deliver.

  • $600 million capital raise & $2 billion balance exchange transaction (2025)
  • $6.0 billion liability management (2025)
  • €5.3 billion advisor to the bondholders (2025)
  • €3.9 billion Advisor to the company (Baywa, 2025)
  • €1.4 billion Advisor to the shareholder (Accell Group, 2025)
  • $6.7 billion Chapter 11 restructuring (Wolfspeed, 2025)
  • £1.8 billion Advisor to a take private credit provider (TalkTalk, 2025)
  • $20.0 billion Advisor to the Eurobonds (Govt of Ukraine, 2025)
  • $3.0 billion Advisor to the company (Lowell, 2025)
  • $2.9 billion Advisor to the company (Selecta, 2025)
  • CHF1.1 billion Advisor to the Company (Idorsia, 2025)
  • $4 billion Advisor to the creditors (Azul, 2025)
  • $3.1 billion Chapter 11 restructuring (Incora, 2025)
  • $3.1 billion Advisor to the company (IQHQ, 2025)
  • $4 billion Advisor to the company (Quest, 2025)
  • $3 billion liability management exercise (Tropicana, 2025)
  • $2.1 billion Advisor to the company (Hurtigruten, 2025)
  • $2.9 billion Advisor to the creditors (Ivanti, 2025)
  • $4.6 billion Advisor to the creditors (Claritev, 2025)
  • $4.8 billion out of court debt exchange (iHeart Black, 2025)
  • $3.8 billion Chapter 11 restructuring (WeWork, 2024)
  • €6.9 billion Advisor to the company (Adler, 2024)
  • €1.3 billion Advisor to the bondholders (Codere, 2024)
  • £5.0 billion Advisor to a private credit provider (Stonegate, 2024)
  • $6.7 billion Advisor to the Creditors (Yuzhou Group, 2024)
  • $7.6 billion liability management exercise and refinancing (Brightspeed, 2024)
  • $15.3 billion advisor to the creditors (Kaisa, 2024)
  • €2.9 billion Advisor to the company (Branicks, 2024)
  • $8.1 billion Chapter 11 restructuring (Endo, 2024)
  • €860 million Advisor to the bondholders (Wittur, 2024)
  • €7.6 billion Advisor to the SteerCo of Secured TLB (Casino, 2024)
  • €9.7 billion Advisor to SteerCo of unsecured creditors (Orpea, 2024)
  • £925 million Advisor to the company (MetroBank, 2023)
  • €1.4 billion Advisor to the company (Flint Group, 2023)
  • €3.0 billion Advisor to the creditors (Celsa, 2023)
  • €850 million Advisor to the company (Takko, 2023)
  • $1.1 billion Advisor to the company (Lycra, 2023)
  • NOK15.4 billion Advisor to the lenders (DOF, 2023)
  • $3.7 billion Advisor to the coordinating committee (Altera, 2023)
  • $5.3 billion Chapter 11 restructuring (Cineworld, 2023)
  • $1.1 billion Advisor to the bondholders (Nostrum Oil & Gas, 2023)
  • €1.0 billion Advisor to the bondholders (Naviera Armas, 2023)
  • £1.1 billion Advisor to the company (ASOS, 2023)
  • $3.0 billion Advisor to the company (Anywhere, 2023)
  • $10.2 billion Advisor to the creditors (Sunac, 2023)
  • $2.1 billion Advisor to the company (ED&F, 2022)
  • $1.5 billion Advisor to the senior secured lenders (Prosafe, 2022)
  • $15.7 billion Chapter 11 restructuring (Intelsat, 2022)
  • $14.4 billion Chapter 11 restructuring (Latam Airlines, 2021)
  • $2.9 billion Advisor to the company (Premier Oil, 2021)
  • $4.5 billion Advisor to the company (Tullow, 2021)
  • 2.3 billion Advisor to the company (McGraw Hill, 2021)
  • $4.5 billion Advisor to the company (Genting, 2021)
  • €2.9 billion Advisor to the First Lien Lenders (Swissport, 2020)
  • $8.6 billion Advisor to the company (Garuda Indonesia, 2020)
  • $6.5 billion Advisor to the company (Norwegian, 2020)
  • €2.4 billion Advisor to the banks (Leoni, 2020)
  • $3.4 billion Advisor to the company (Nobel, 2020)
  • £4.3 billion Advisor to the company (Intu Trafford, 2020)
  • $5.8 billion Advisor to the shareholders (NAC, 2020)
  • €3.0 billion Advisor to the creditors (Solstad Offshore, 2020)
  • $7.3 billion Advisor to the bondholders (Digicel, 2020)
  • €10.7 billion Advisor to an ad hoc committee of creditors (Steinhoff, 2019)
  • $18.4 billion restructuring of its subsidiary CEOC (Caesars Entertainment, 2017)

We advise clients on their most complex strategic challenges

We bring the full force of our collective insight to every engagement – working across disciplines and geographies to solve the toughest problems.

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#3
Skadden, Arps, Slate, Meagher & Flom LLP logo

Skadden, Arps, Slate, Meagher & Flom LLP

Legal Services

by Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates

skadden.com

Skadden, Arps, Slate, Meagher & Flom LLP

Company Information

Company Overview

What They Do: Provide legal services in corporate finance, mergers and acquisitions, securities, litigation, and international arbitration.
Who They Serve: Corporations, financial institutions, and government agencies.

Company Details

Industry: Corporate law

Key Value Propositions

  • Global reach and presence
  • Expertise in complex legal issues
  • Reputation for excellence in various sectors

Industries Served

Corporate law
Banking & Finance
Litigation
Taxation
Antitrust
Technology

Technical Information

Social Links & Discovery

Target Customers

Corporations
Financial Institutions
Government Agencies

Summary

Skadden, Arps, Slate, Meagher & Flom LLP offers a comprehensive range of legal services across numerous practice areas, industries, and global regions. The firm is committed to providing high-quality legal counsel, including a strong pro bono program, to address the diverse needs of its clients.

Overview

Skadden, Arps, Slate, Meagher & Flom LLP offers a comprehensive range of legal services across numerous practice areas, industries, and global regions. The firm is committed to providing high-quality legal counsel, including a strong pro bono program, to address the diverse needs of its clients.

Best For

Best for large corporates, sponsors, and lenders needing market‑leading acquisition financings, leveraged recapitalizations, and sophisticated intercreditor work. Chambers USA 2025 highlights Skadden’s strengths in acquisition finance and leveraged recaps [1], its finance team’s market‑leading counsel [2], and its global cross‑border finance/capital markets platform supporting complex deals [3].

#4
Greenberg Traurig logo

Greenberg Traurig

Legal Services

by Greenberg Traurig, LLP

gtlaw.com

Greenberg Traurig

Company Information

Company Overview

What They Do: Global legal services
Who They Serve: Businesses and individuals across various industries

Company Details

Industry: Legal

Trust & Compliance

Privacy Notice
Terms of Use

Key Value Propositions

  • Proactive legal strategies
  • Skilled counsel
  • Vast global resources

Industries Served

Legal
Corporate
Government
Real Estate
Financial Services
Healthcare

Technical Information

Social Links & Discovery

Target Customers

Corporations
Governments
Nonprofits
Individuals

Summary

Greenberg Traurig offers a comprehensive suite of legal services across a wide range of practice areas and industries, delivered by a unified team with global reach.

Overview

Greenberg Traurig offers a comprehensive suite of legal services across a wide range of practice areas and industries, delivered by a unified team with global reach.

Best For

Best for corporations and financial institutions navigating multi‑jurisdictional insolvency, contested restructurings, and lender‑side mandates. GT is recognized nationally in Bankruptcy/Restructuring: The Elite [1], has expanded global execution with a new Abu Dhabi office [2], and earns deal awards across complex cross‑border turnarounds [3].

Score: 87.3/100

Key Features

  • Extensive practice areas covering corporate, litigation, regulatory, tax, real estate, intellectual property, labor & employment, and more.
  • Industry-specific legal services for sectors such as banking, fintech, energy, entertainment, gaming, healthcare, hospitality, manufacturing, real estate, technology, and transportation.
  • Specialized sub-practices within each area, including regulatory compliance, dispute resolution, cybersecurity, M&A, private equity, and more.
  • Global presence with offices in major cities across the United States, Europe, the Middle East, Asia, and Latin America.
  • Integrated, cross-disciplinary teams to address complex, multi-jurisdictional legal matters.

Who Is It For

  • Corporations
  • Financial institutions
  • Startups and emerging companies
  • Government entities
  • Nonprofits
  • Private individuals and family offices
  • Industry-specific clients (e.g., energy, entertainment, healthcare, real estate, technology, manufacturing, transportation, hospitality, gaming, food & beverage, etc.)

Available In

Abu Dhabi
Albany
Amsterdam
Aspen
Atlanta
Austin
Berlin
Boston
Charlotte
Chicago
Dallas
Delaware
Denver
Dubai
Fort Lauderdale
Houston
Las Vegas
London
Long Island
Los Angeles
Mexico City
Miami
Milan
Minneapolis
Munich
New Jersey
New York
Northern Virginia
Orange County
Orlando
Philadelphia
Phoenix
Portland
Riyadh
Sacramento
Salt Lake City
San Diego
San Francisco
São Paulo
Seoul
Shanghai
Silicon Valley
Singapore
Tallahassee
Tampa
Tel Aviv
Tokyo
Warsaw
Washington, D.C
West Palm Beach
Westchester County

Get Started

#5
Pillsbury Winthrop Shaw Pittman logo

Pillsbury Winthrop Shaw Pittman

Legal Services

by Pillsbury Winthrop Shaw Pittman LLP

pillsburylaw.com

Pillsbury Winthrop Shaw Pittman

Company Information

Company Overview

What They Do: Provide legal services in various practice areas including corporate, intellectual property, litigation, and regulatory matters.
Who They Serve: Corporations, governments, and individuals seeking legal assistance.

Company Details

Industry: Energy

Key Value Propositions

  • Expertise in multiple legal fields
  • Global reach with offices worldwide
  • Strong commitment to client service

Industries Served

Energy
Corporate
Financial Services
Healthcare
Technology
Real Estate
Media & Entertainment

Technical Information

Social Links & Discovery

Social Media

Target Customers

Corporations
Financial institutions
Government entities
Non-profit organizations
Individuals

Summary

Pillsbury Winthrop Shaw Pittman offers a comprehensive suite of legal services across a wide range of industries and practice areas, including corporate and transactional law, finance, intellectual property, litigation, regulatory matters, and specialized solutions teams. The firm provides guidance to organizations at every stage of growth, devises innovative financing solutions, protects and leverages intellectual property, handles complex litigation, and offers regulatory expertise with a team that includes former senior government officials.

Overview

Pillsbury helps shape the industries in which our clients compete, from energy and financial to real estate and technology. We’ve organized ourselves this way to meet the business needs of our clients.

Best For

Best for aviation, energy, technology, and financial‑sector stakeholders requiring cross‑border restructuring counsel. Pillsbury is recognized in GRR 100 2025 for top partners and deals [1], offers sector‑focused teams and global reach [2], and has led notable matters from Comair to Purdue Pharma‑related litigation [3].

Key Features

  • Comprehensive legal services across corporate, finance, IP, litigation, and regulatory domains
  • Industry-focused teams with deep sector experience
  • Global reach with offices across the Americas, Europe, Asia, Africa, and the Middle East
  • Specialized solutions teams for emerging issues (e.g., privacy law, cybersecurity, fintech, crisis management)
  • Award-winning litigation team with over 200 litigators
  • More than 100 intellectual property lawyers worldwide
  • Regulatory team includes former senior U.S. government officials

Who Is It For

  • Corporations and organizations at all stages of growth
  • Clients in industries such as energy, financial services, real estate, technology, aviation, communications, retail, education, health care, life sciences, nonprofit, hospitality, and more
  • Clients with international business needs

Features & Modules

Sectors

Our lawyers have broad and deep sector experience across a wide swath of the world’s most important industries.

  • Aviation, Aerospace & Transportation
  • Communications
  • Retail, Ecommerce & Consumer Brands
  • Cybersecurity, Data Protection & Privacy
  • Education
  • Energy
  • Financial Industry Group
  • Health Care
  • Internet & Interactive Entertainment
  • Life Sciences
  • Nonprofit Organizations
  • Real Estate & Construction
  • Restaurant, Food & Beverage
  • Technology
  • Travel, Leisure & Hospitality
  • Wine, Beer & Spirits Law

Corporate & Transactional

From formation, financing and acquisition through divestiture, organizations at every stage of growth rely on Pillsbury’s corporate and transactional lawyers for guidance.

  • Capital Markets
  • Emerging Companies & Venture Capital
  • Employment Law
  • Energy Capital Markets
  • Trusts & Estates
  • Executive Compensation & Benefits
  • Financial Industry Group
  • Global Sourcing & Technology Transactions
  • Impact Investing
  • Insolvency & Restructuring
  • Investment Funds
  • Mergers & Acquisitions
  • Private Equity
  • Real Estate
  • REITs & Real Estate Capital Markets
  • Tax
  • Technology Transactions

Finance

Pillsbury’s finance lawyers anticipate problems and devise innovative and effective financing solutions, handling the full spectrum of legal and business issues that impact financing and investment transactions in all industries.

  • Asset Finance
  • Bank & Leveraged Finance
  • Derivatives & Structured Products
  • Financial Industry Group
  • Financial Services Litigation
  • Insolvency & Restructuring
  • Projects
  • Real Estate Finance
  • Structured Finance
  • Sustainable Finance
  • Trade & Export Credit Agency Finance

Intellectual Property

With more than 100 Intellectual Property lawyers around the world, Pillsbury provides clients with successful and comprehensive IP strategies to protect, manage, assert, defend and leverage their IP assets.

  • Intellectual Property Litigation
  • Patent Counseling, Prosecution and Litigation
  • Trademark Counseling, Prosecution & Litigation
  • Trade Secrets Counseling & Litigation
  • Copyright Counseling & Litigation
  • ITC Section 337
  • Post-Grant Proceedings
  • IP Audits & Strategic Planning
  • Open Source

Litigation

Pillsbury’s award-winning team of more than 200 litigators takes on emerging issues, sets precedent in complex large-scale matters and has earned the respect of judges, juries and rivals.

  • Antitrust & Competition
  • Appellate
  • Business Trials & Litigation
  • Commercial Litigation in New York
  • Construction Counseling & Dispute Resolution
  • Consumer Class Actions
  • Corporate Investigations & White Collar Defense
  • Employment Law
  • Environmental Litigation
  • Financial Services Litigation
  • Government Contracts & Disputes
  • Health Care Litigation
  • Information Law & Electronic Discovery
  • Insolvency & Restructuring
  • Insurance Recovery & Advisory
  • Intellectual Property Litigation
  • International Arbitration
  • Litigation – Trusts, Estates and High Net Worth
  • Product Liability & Mass Torts Defense
  • Real Estate Litigation
  • Securities Litigation & Enforcement
  • Federal Tax Controversy & Tax Policy
  • State & Local Tax

Regulatory

We offer deep experience with a team that includes former senior officials in the U.S. government, who, in many instances, drafted the regulations, wrote the legislation or helped establish the policies most directly impacting our clients.

  • Aviation, Aerospace & Transportation - Regulatory
  • Communications
  • Consumer Finance Regulatory
  • Consumer Protection
  • Energy
  • Environmental & Natural Resources
  • Financial Services Regulation
  • Government Contracts & Disputes
  • Government Law & Strategies
  • International Trade
  • Minerals, Metals and Materials Supply Chains
  • National Security and Defense Innovation
  • Native American Law

Global Reach

From offices across the Americas, Europe, Asia, Africa and the Middle East, Pillsbury offers fully integrated service to clients doing business around the globe. Nearly one-third of our work is international in nature.

  • Canada
  • China
  • India
  • Israel
  • Japan
  • Korea
  • Latin America
  • Middle East

Solutions Teams

From privacy law, cybersecurity and fintech to unmanned aircraft systems and crisis management, Pillsbury lawyers keep clients well positioned to manage high-impact emerging issues, reduce risk and maximize opportunities.

  • Access to Capital Resource Center
  • California Consumer Privacy Act (CCPA)
  • Crisis Management
  • Cybersecurity, Data Protection & Privacy
  • Fintech, Payments & Blockchain
  • Human Capital Solutions
  • Private Client & Family Office
  • Public-Private Partnerships (P3)
  • Unmanned Aircraft Systems (UAS)

Available In

Americas
Europe
Asia
Africa
Middle East
Canada
China
India
Israel
Japan
Korea
Latin America
Middle East

Data Quality & Transparency

9+
Data Sources
Recent
Last Updated
100%
Criteria Coverage

Our Ranking Methodology

How we rank these offerings

We ranked these Distressed Debt Restructuring Firms in USA based on three key factors: Cross-Border Expertise (40% weight), Track Record in Complex Cases (35% weight), and Integration of Legal and Financial Advisory (25% weight). PJT Partners scored highest because of its seamless global restructuring capabilities and award-winning advisory in complex, cross-border situations.

Ranking Criteria Weights:

Cross-Border Expertise40%

Cross-border expertise is critical for firms handling multinational distressed debt cases, ensuring seamless international operations.

Track Record in Complex Cases35%

A proven track record in complex cases demonstrates the firm's ability to effectively manage intricate restructuring scenarios.

Integration of Legal and Financial Advisory25%

Integrating legal and financial advisory services is crucial for offering comprehensive restructuring solutions that address all aspects of distressed debt challenges.

Rankings last updated: December 22, 2025

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Frequently Asked Questions

What are the typical costs and pricing models for distressed debt restructuring firms in the USA?
Typical costs for distressed debt restructuring firms can vary widely depending on the complexity and scale of the case. Firms like Skadden and White & Case often employ a combination of hourly billing and success-based fees, particularly for high-stakes Chapter 11 proceedings. Flat fees may be used for more predictable aspects of restructuring, such as certain transactional work, as seen in Greenberg Traurig's cross-border proceedings approach. The involvement of firms in both litigation and transactional matters, as handled by White & Case, means that costs can also be influenced by the location and jurisdiction of the distressed entity.
What are the key selection criteria and considerations when choosing a distressed debt restructuring firm?
Key selection criteria include the firm's expertise in both litigation and transactional aspects of restructuring, as provided by White & Case, and their global reach. It's crucial to consider a firm's track record in handling complex, multinational cases, as exemplified by Skadden's handling of distressed M&A situations. Additionally, the ability to provide comprehensive strategies for both in- and out-of-court solutions, as offered by Greenberg Traurig, is important. Consideration of the firm's experience in handling creditor and debtor cases, such as those managed by Pillsbury, is also essential.
What are the industry standards and compliance requirements in distressed debt restructuring?
Industry standards often require compliance with federal bankruptcy laws, particularly when handling Chapter 11 proceedings, as emphasized by White & Case's multinational approach. Firms must adhere to SEC regulations when managing distressed securities, which is part of the compliance checks handled by Skadden's finance group. International transactions may require conformity with cross-border insolvency protocols, an area where Greenberg Traurig excels. Moreover, ensuring ethical standards and fiduciary duties are maintained is essential, especially in environments involving complex creditor-debtor negotiations as managed by PJT Partners.
What are some implementation challenges and solutions in distressed debt restructuring?
Key challenges include navigating jurisdictional complexities and managing stakeholder interests, which White & Case addresses through their global jurisdiction resources. Companies face difficulties in achieving consensus among creditors, a challenge that Skadden mitigates with strategic liability management. Managing cross-border legal and financial systems poses another challenge, which Greenberg Traurig alleviates with their experience in cross-border proceedings. PJT Partners aids in overcoming the challenge of restructuring execution by advising on efficient turnaround strategies and recapitalizations.
How is ROI and value delivery measured in distressed debt restructuring?
ROI in distressed debt restructuring is measured by the recovery rate for creditors and the ability to return distressed entities to solvency. White & Case's involvement in both litigation and transactional restructuring helps optimize financial recoveries. Skadden's expertise in distressed M&A provides clients with potential opportunities for enhanced value realization through strategic acquisitions or sales. Greenberg Traurig focuses on financial and operational restructuring strategies that restore long-term viability, thus ensuring sustainable value delivery to stakeholders.

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