As Bankruptcies Surge, Sheppard Mullin Adds Kirkland Partner
The firm's latest hires comes as both Sheppard Mullin and its clients grapple with the effects of the COVID-19 pandemic.
April 15, 2020 at 04:17 PM
3 minute read
Sheppard, Mullin, Richter & Hampton is adding a seven-year veteran from Kirkland & Ellis to its Chicago ranks as the firm grapples with a growing volume of bankruptcy work.
A number of industries and businesses Sheppard Mullin lawyers work with were showing signs of distress even before COVID-19 began ravaging the country, said Edward Tillinghast, the chair of the firm's finance and bankruptcy practice.
That work has only accelerated as the pandemic's economic effects began to sink in, he added—just in time for the arrival of Justin Bernbrock, Sheppard Mullin's newest addition and its first Chicago-based bankruptcy partner. "He's going to be very busy quickly," Tillinghast said.
"It's been a focus of the firm to grow in Chicago and throughout the firm in this area. It's an increasing area of demand for us, as it has been for awhile. We were finding our bankruptcy lawyers were pretty close to tapped out, which is a good problem to have," Tillinghast added.
The pandemic's economic effects have hit Sheppard Mullin as well. On Monday, the same day Bernbrock began working remotely at his new firm, Sheppard Mullin announced it was furloughing 33 staff members who could not do their jobs remotely, such as receptionists, support services and file center employees.
Asked about the timing, Larry Eppley, the managing partner of Sheppard Mullins' Chicago office, said the bankruptcy practice was something the firm wanted to grow, and "there was no reason" to delay Bernbrock's hiring as "it became more apparent that skill set was going to be in demand."
Bernbrock said it was "odd and feels somewhat uncomfortable" to be excited about all of the work he has to do at Sheppard Mullin.
"It's one of the internal struggles for bankruptcy lawyers. When business is up for bankruptcy lawyers, it often means there's quite a bit of pain in the economy writ large," Bernbrock said.
Bernbrock indicated that his departure from Kirkland, which he described as having the preeminent bankruptcy practice in the world, was partly motivated by his desire to build his career and obtain a leadership role. He cited his past experience in the U.S. Navy, which he said led to being drawn to leadership roles and opportunities.
"One of the primary drivers in the transition is coming to a place where, if I perform as I know and hope that I can, there is a real opportunity to have a meaningful leadership role," said Bernbrock, who made partner at Kirkland in 2018.
Because Kirkland is at the top, the firm is focused on maintaining that position, Bernbrock said. Sheppard Mullin will give him the leeway to try something new, he added.
Bernbrock is at least the second bankruptcy partner to leave Kirkland this week. The other is Chad Nichols, an energy sector specialist who joined Akin Gump Strauss Hauer & Feld's Houston office.
|Read More
Akin Gump Adds Kirkland Debt Finance, Restructuring Partner in Houston
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllA&O Shearman, Hogan Lovells and the Stories That Shaped Africa This Year
4 minute readBottoming Out or Merging Up? Law Firms That Shuttered in 2024
Law Firms Mentioned
Trending Stories
- 1'Largest Retail Data Breach in History'? Hot Topic and Affiliated Brands Sued for Alleged Failure to Prevent Data Breach Linked to Snowflake Software
- 2Former President of New York State Bar, and the New York Bar Foundation, Dies As He Entered 70th Year as Attorney
- 3Legal Advocates in Uproar Upon Release of Footage Showing CO's Beat Black Inmate Before His Death
- 4Longtime Baker & Hostetler Partner, Former White House Counsel David Rivkin Dies at 68
- 5Court System Seeks Public Comment on E-Filing for Annual Report
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250