Latham & Watkins added four restructuring partners in its New York office. The partners, who have a wealth of experience advising on bankruptcy and restructuring matters, will further strengthen Latham’s restructuring and special situations practice, expanding the firm’s company- and creditor-side practices.
The partners joining are Ray Schrock, Candace Arthur and Alexander Welch from Weil, along with Andrew Parlen, who rejoins from Paul, Weiss. Schrock will also serve as global chair of Latham’s restructuring and special situations practice. Parlen will serve as head of U.S. restructuring.
The partners bring experience in representing public companies, financial institutions, private equity funds, portfolio companies, investors and creditors in U.S. and international restructurings and distressed financings. All four have advised on out-of-court restructurings, prepackaged and prearranged Chapter 11 reorganizations, exit and debtor-in-possession financings and acquisitions of distressed companies across multiple industries. Collectively, the partners’ experience spans pharmaceuticals, industrials, power, exploration and production services, retail, financial services, healthcare and homebuilding.
“We are delighted to welcome Ray, Candace, Alex and Andrew to our team. They are exceptional lawyers and significant additions to both our New York office and our restructuring and special situations practice. We are committed to building the absolute best restructuring firm in the world. Adding this outstanding group of partners to our practice marks a significant step toward our ambitious goals and, together with Latham’s unmatched global platform, delivers unparalleled value to our clients,” Rich Trobman, chair and managing partner of Latham & Watkins, said. “Ray has a well-deserved reputation as one of the foremost bankruptcy and restructuring lawyers in the United States and globally. He is a tremendous leader who will bring extensive experience to the role of global chair of the restructuring and special situations practice, succeeding George Davis, who will continue to bring a wealth of knowledge, experience and leadership to Latham for many years to come. We are immensely grateful to George for his outstanding job leading the practice’s expansion. His strong leadership over many years has propelled our restructuring practice to new heights.”
“The arrival of this accomplished group of partners is a significant milestone for our practice in New York, the U.S. and globally. They bring strong relationships with major companies and sponsors, as well as impressive creditor-side expertise that will enhance our practice,” Marc Jaffe, office managing partner of Latham’s New York office, said. “We are particularly excited about the synergy between their experience and our market-leading private equity, private credit, hybrid capital and liability management capabilities, as well as our vast public company practice. Their arrival presents a unique opportunity to deepen our client relationships and expand our service offerings.”
“Ray, Candace, Alex and Andrew have earned tremendous respect in the market for their business judgment, competitive drive and track record,” George Davis, global chair of Latham’s restructuring and special situations practice, said. “They all will be excellent additions to our team, contributing to the continued growth and success of our practice. I am excited for their arrival as we continue to build our preeminent practice in the U.S. and around the world to serve our clients.”
This group of partners is the latest to join Latham’s restructuring and special situations practice, following partner Joe Zujkowski, who joined the New York office in August 2024. Zujkowski brings experience advising on complex restructurings for major creditors and creditor groups across the capital structure.
Schrock received his JD from IIT Chicago-Kent College of Law and BBA from Western Michigan University; Arthur received her JD from Georgetown Law and BA from Yale University; Welch received his JD from Bond University in Australia and BA from Queen’s University in Kingston, Ontario, Canada; and Parlen received his JD from Harvard Law School and BA from University of California, Berkeley.
