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Awards & Rankings

Two Jones Day partners recognized in Global Restructuring Review's "40 under 40"

March 2016

Global Restructuring Review has included Erin Brady and Tim Hoffmann, partners in Jones Day's Business Restructuring & Reorganization Practice, in its annual "40 Under 40" survey of "the world's leading young insolvency and restructuring lawyers."

Ms. Brady, resident in the Firm's Los Angeles Office, focuses her practice on the representation of debtors, creditors' committees, trustees, individual creditors, and others in high-stakes bankruptcy litigation and corporate restructurings.

Ms. Brady recently represented American Apparel, Inc. and its affiliates in their prearranged bankruptcy cases, confirming—in less than four months—a plan of reorganization that swapped $230 million in debt for equity with bondholders, provided for $40 million of exit capital for the company and provided a commitment for a $40 million asset-backed loan. She concurrently represented Relativity Media in negotiating and obtaining court approval for its initial DIP financing facility. Notable non-debtor representations in which Ms. Brady has held active roles include her representations of the non-agent lenders in Adelphia Communications, an ad hoc committee of bondholders in the Chemtura cases, the Metropolitan Transit Authority in the Meruelo Maddux cases, Federal Insurance Guaranty Corporation in the ResCap cases, and the Fleming Post-Confirmation Trust in the Fleming cases.

Mr. Hoffmann, resident in Chicago, has represented debtors, secured lenders, strategic investors, and various other parties in financially distressed situations, including both in-court and out-of-court restructurings. Mr. Hoffmann's chapter 11 debtor representations include AFA Foods, Boscov's Department Stores, Chrysler, Fresh & Easy, FLYi, and Harry & David. He played a key role in Harry & David's chapter 11 case, which the Turnaround Management Association named the "2012 Turnaround of the Year" for large companies. He also played an active role in Jones Day's representation of the City of Detroit in its chapter 9 case.

To identify the "40 Under 40" honorees , the publication considered nominations from established restructuring lawyers in the Who's Who Legal database, and then asked for independent references who could support each candidate's case for recognition. In addition, specific matters worked on by each lawyer figured into the selection process. The 40 lawyers represent 29 law firms from 16 cities around the world.

Jones Day is a global law firm with 43 offices in major centers of business and finance throughout the world. Its unique governance system fosters an unparalleled level of integration and contributes to its perennial ranking as among the best in the world in client service. Jones Day provides significant legal representation for almost half of the Fortune 500, Fortune Global 500, and FT Global 500.

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