A former Davis Polk & Wardwell LLP counsel is bringing his expertise in restructuring and liability management to Kramer Levin Naftalis & Frankel LLP’s special situations practice.
Robert (Bodie) Stewart is taking on a partner role in Kramer Levin’s New York office. He told Law360 Pulse on Monday that he was looking forward to joining a firm with a strong restructuring team as it works to bolster its out-of-court work in this area.
“I think one thing that I find extremely interesting with Kramer is that it has had a long-standing, really powerful in-court practice,” he said, “and now it’s putting a lot of emphasis into the out-of-court space, which, frankly, has been the much more active and more interesting area over the last few years — and I think increasingly so as stakeholders in the industry realize that there are many out-of-court options for them to pursue much of the time before actually going into the court process.”
Stewart’s clients include creditors, ad hoc groups, and companies. Just last year, he worked on the Davis Polk team advising an ad hoc group of public bondholders when co-working space provider WeWork announced that it had made a series of deals with investors to restructure its debt and obtain new funding.
