Sidley Austin is continuing its London hiring spree with the addition of two senior partners in Clifford Chance’s Tier 1 restructuring practice. The US firm is adding CC’s global co-head of restructuring and insolvency Philip Hertz and Melissa Coakley, who leads the firm’s London restructuring and insolvency team.
Hertz, who has been at CC since 2002, is a heavyweight in the restructuring market and has led on high profile mandates for clients including the Co-operative Bank, Autobar and British Energy plc. He also advised the senior lenders to Carillion and advised the Department for Transport on the impact of Covid-19 on the airline and airports sector, including in relation to the Virgin Atlantic restructuring plan. He is a Legal 500 Hall of Famer and has led the practice globally since 2016.
