Jones Day's Business Restructuring & Reorganization Practice Named a 2025 "Practice Group of the Year—Bankruptcy" by Law360
Jones Day's Business Restructuring & Reorganization Practice was named a 2025 "Practice Group of the Year—Bankruptcy" by Law360. Now in its 15th year, the Law360 series "honor(s) attorney teams behind the litigation wins and major deals that resonated throughout the legal industry this past year."
According to Law360, Jones Day's bankruptcy attorneys "spent 2024 on the frontiers of their practice." Notable representations included, among others: (i) assisting Johnson & Johnson subsidiary Red River Talc LLC to file for chapter 11 protection with a prepackaged plan to implement an historically large talc injury settlement; (ii) helping dating app company Spark Networks SE to navigate a new German bankruptcy law and a parallel proceeding under chapter 15 of the U.S. Bankruptcy Code; and (iii) assisting the Roman Catholic Diocese of Rockville Centre, Long Island, the sixth-largest Catholic diocese in the United States, and its 136 parishes to obtain confirmation of a chapter 11 plan. The plan was confirmed after a settlement was reached with the Diocese's insurers to fund in part distributions to victims of abuse under a settlement trust in exchange for a consensual release of liabilities that passed muster under the U.S. Supreme Court's 2024 ruling in the Purdue Pharma chapter 11 cases.
Jones Day's Business Restructuring & Reorganization Practice has more than 100 attorneys across the globe, out of a larger body of 2,500 lawyers. Global practice leader Heather Lennox observed that the Jones Day matters handled in 2024 showcased but a few of the strengths of the restructuring practice: outstanding experience in mass tort cases, leading knowledge of cross-border restructurings, and a top-tier practice both in the United States and on the Continent. Lennox credits Jones Day's success to a Firm culture that enables seamless integration across different practice areas and international borders to achieve the best results for clients, consistent with Jones Day's "One Firm Worldwide" philosophy.
