As part of its leadership transition plan, Otterbourg named Daniel Fiorillo head of the firm’s restructuring practice group, replacing Jonathan Helfat, who successfully led the group for more than 25 years.

Helfat will continue in his role as co-general counsel to the Commercial Finance Association and his work with clients.

Fiorillo has a broad practice representing secured and unsecured creditors, hedge funds, private equity groups, corporations, equity holders, investors and advisors that deal with financially distressed businesses both in bankruptcy and in various out of court workout and restructuring arrangements.

He has appeared before numerous federal bankruptcy courts across the country representing bank, commercial finance, hedge fund and private equity clients.

Fiorillo joined Otterbourg in 1997 after law school and became a partner in 2005. Since joining Otterbourg, He has worked closely with Helfat in the firm’s restructuring group.

Helfat said, “I am delighted to see Dan take on this new role and believe that the firm is well positioned to continue to serve its clients with the depth of our experience in this field.”