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James P. Seery, Jr. Joins Sidley Austin LLP in Corporate Reorganization and Bankruptcy Practice
April 27, 2009
New York – Sidley Austin LLP has announced that James P. Seery, Jr., formerly Managing Director of Barclays Capital, has joined as a partner in the firm’s Corporate Reorganization and Bankruptcy practice, resident in the New York office.
Prior to joining Barclays Capital, Seery was the Global Head of Lehman Brothers’ Fixed Income Loan Business. In that position, he was responsible for managing the Lehman Brothers Fixed Income investment grade and high yield loan businesses and the distribution and trading of loan products through a network of senior trading and sales professionals in the U.S. and Europe.
“We are very pleased to have Jim join us,” said James Conlan, who, with Larry Nyhan, chairs Sidley’s firmwide Corporate Reorganization and Bankruptcy practice. “We are committed to expanding our share, and remaining on the leading edge, of the national and global restructuring practice. The addition of Jim Seery is a further demonstration of that commitment. Jim is well known within the inner circles of sophisticated restructuring professionals, and he will be a powerful addition to our team. His experience and reputation as a bankruptcy lawyer and as an investment banker in and around large scale restructuring provides Jim with a truly unique perspective and skill set among restructuring and bankruptcy lawyers.”
Prior to managing the Lehman Brothers’ loan business in 2005, Seery was a senior member of the Lehman distressed group responsible for investing and managing proprietary distressed positions. From 2000 to 2003, Seery ran Lehman Brothers’ restructuring and workout businesses with responsibility for management of distressed corporate investments made by Lehman Brothers as well as financings originated or held by Lehman Brothers. In that position, he played key roles in designing and realizing on many of Lehman’s more complicated and successful distressed investments and restructurings, including, Lehman Brothers’ investments in Regal Cinemas’ bank and bond debt, as well as the exit facility, United Companies’ subordinated debt, the Pacific Gas and Electric holding company senior rescue financing and restructuring and the highly successful Williams Companies senior secured rescue financing, among others.
David Kurtz, global co-head of the Restructuring Group of Lazard Freres & Co. LLC, said, “Jim's deep experience and considerable talents are well known and highly respected. His hiring will further strengthen what is widely regarded as one of the top restructuring law firms.”
“Sidley’s restructuring practice is widely recognized as one of the top practices of its kind,” said Seery. “I look forward to joining Jim and Larry, as well as the rest of my colleagues, to continue my work on restructurings in private practice.”
Sidley’s corporate reorganization practice is one of the largest in the world and is comprised of more than 150 lawyers resident in the firm’s Chicago, London, Los Angeles, New York and Washington, D.C. offices. Tribune Companies, Smurfit-Stone Container, Merisant, Federal-Mogul, Budget Car Rental, and Owens-Corning are examples of major restructurings led by Sidley. While the firm is involved in all aspects of restructuring for various constituencies, Sidley’s role is typically a major one. The largest component of the practice is acting as lead counsel to the Company and the second largest is acting as lead counsel to the senior debt syndicate. Large companies are often cross border companies and Sidley is one of a small number of firms that lead in the area of cross border restructuring.
Seery received his J.D. from New York Law School,
magna cum laude, and his B.A. from Colgate University. In 1999, he was selected as one of the Top Restructuring Lawyers in the U.S. Under 40 by
Turnarounds and Workouts. He spent nearly a decade in private practice before joining the Lehman High Yield business in 1999.
Sidley Austin LLP is one of the world's largest full-service law firms, with more than 1800 lawyers practicing in 16 U.S. and international cities, including Beijing, Brussels, Frankfurt, Geneva, Hong Kong, London, Shanghai, Singapore, Sydney and Tokyo. Every year since 2003, Sidley has been named to
Legal Business’ Global Elite, its designation for the 18 firms “that define the pinnacle of the legal profession.” BTI, a Boston-based consulting and research firm, has named Sidley to their Client Service Hall of Fame as one of only two law firms to rank in the Client Service Top 10 for seven years in a row, and to the BTI Power Elite as one of only seven law firms demonstrating the best client relationships for the fourth consecutive year.
For more information:
, Director of Practice Development, 212.839.8797
, Rubenstein Associates, 212.843.8007
For purposes of the New York State Bar rules, this press release may be considered Attorney Advertising and the headquarters of the firm are Sidley Austin LLP 787 Seventh Avenue, New York, NY 10019, 212.839.5300 and Sidley Austin LLP One South Dearborn, Chicago, IL 60603, 312.853.7000. Prior results described herein do not guarantee a similar outcome.