The thing that strikes you the most about Paul, Weiss is the depth of the practice. They just have a large number of senior partners, all of whom are of an outstanding quality.
- Chambers USA, Band 1 for Bankruptcy/Restructuring (Nationwide and NYC) and "Bankruptcy Law Firm of the Year" in 2019
Neiman Marcus Emerges From Bankruptcy
- Client News
- September 25, 2020
Paul, Weiss advised an ad hoc committee of secured noteholders of Neiman Marcus Group in its successful chapter 11 reorganization. Neiman Marcus’ reorganization plan was confirmed on September 4 by the U.S. Bankruptcy Court for the Southern District of Texas and the company emerged from bankruptcy on September 25. The iconic luxury retailer, which commenced voluntary Chapter 11 proceedings on May 7, eliminated more than $4 billion of existing debt and more than $200 million of cash interest expense annually, with no near-term maturities. The reorganization also include a recapitalization of the online luxury retailer, MyTheresa.
The Paul, Weiss team included restructuring partners Alice Eaton and Andrew Rosenberg and counsel Diane Meyers and Claudia Tobler; corporate partners David Huntington, Lawrence Wee, Catherine Goodall, Manuel Frey and Sarah Stasny and counsel Jason Tyler, Ji Lu and Elanit Snow; tax partners Patrick Karsnitz and David Mayo; real estate partner Peter Fisch; and litigation partners Jacqueline Rubin and Jeffrey Recher and counsel Robert Kravitz.