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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

Paul, Weiss Advises Lion Capital in Alex and Ani’s Chapter 11 Cases

Paul, Weiss advised British private equity firm Lion Capital, as secured lender and equity sponsor, in the chapter 11 cases of Alex and Ani LLC, a Rhode Island-based customizable jewelry company. The restructuring plan allows the company to reorganize its balance sheet, optimizes its retail lease portfolio and resolves major litigation involving the company’s founder. The transaction converts the company’s secured debt to 100% of the reorganized company’s equity.

The Paul, Weiss team included restructuring partners Elizabeth McColm, Brian Bolin and Paul Basta; litigation partners Elizabeth Sacksteder and William Clareman; corporate partners Austin Witt and Cullen Sinclair and counsel Jason Tyler; real estate partner Salvatore Gogliormella; and intellectual property partner Claudine Meredith-Goujon.

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