Sidley Austin LLP was named Bankruptcy Team of the Year for the United States by Chambers & Partners at an awards ceremony held on June 7. The Chambers USA Awards for Excellence are based on research for the 2012 edition of Chambers USA: America’s Leading Lawyers for Business.

The Chambers USA Awards for Excellence recognize a law firm’s pre-eminence in key practice areas. They also recognize notable achievements over the past 12 months including outstanding work, impressive strategic growth and excellence in client service.

James Conlan, co-chairman of Sidley’s firm-wide Corporate Reorganization and Bankruptcy practice, said, “We are honored to be recognized by Chambers as having a leading position in the field of optimizing the balance sheets of companies and sovereigns, particularly in these extraordinary times, and we are privileged to have been nominated with the other very fine practices that were among the finalists.” The other finalists were Weil, Gotshal & Manges, Kirkland & Ellis, Latham & Watkins, Jones Day and Morrison & Foerster. Co-Chairman Larry Nyhan added, “The Bankruptcy group is indebted to the many diverse practices at Sidley that contributed to our receipt of this prized recognition.”

Sidley’s Corporate Reorganization and Bankruptcy practice has more than 80 lawyers located in the firm’s Chicago, Frankfurt, Hong Kong, London, Los Angeles and New York offices, plus an additional 60 lawyers from various other practice groups within the firm providing significant support in their respective disciplines.