Top City Restructuring & Insolvency Partner joins Stevens & Bolton

Stevens & Bolton LLP has today announced the appointment of leading restructuring and insolvency lawyer, David Steinberg, as a partner.

David has been at Clifford Chance all his working life. He has been a partner in the Clifford Chance Restructuring and Insolvency Group for 22 years and for the past three years has been Joint Leader of that Group. He specialises in advising debtors, creditors and other stakeholders on restructuring and insolvency issues, including cross-border insolvencies, international litigation/asset recoveries and restructuring transactions. David will start at Stevens & Bolton in early June and will jointly lead the restructuring and insolvency team with current head, Tim Carter.

David is the latest in a series of successful partners to join the firm as lateral hires from leading City firms.

Commenting on his joining Stevens & Bolton, David said “I am very excited about joining Stevens & Bolton. I share their view that there is a real demand from corporates and financial institutions who, because of the size of the deal or simple pressures on liquidity, baulk at paying top City rates but who nevertheless require sophisticated restructuring and insolvency advice to address complex problems.   I believe that Stevens & Bolton - with its full service capability and its impressive bench of lawyers, including  many ex-City lawyers, is the ideal platform from which to develop this practice.”                       

Managing Partner Ken Woffenden added:

“David has led a top tier rated Magic Circle practice and has a fantastic reputation in restructuring and insolvency work. We are naturally delighted to welcome David to our firm.

We already have a successful finance practice and David’s enormous experience in complex restructuring and insolvency work over many years, combined  with his excellent market profile, will be a great addition and will help us develop our finance practice into one of the strongest outside the City.

We have also seen a significant increase in international work at the firm over the past 5 years requiring restructuring and insolvency advice and David will play a significant role in helping us to service and continue to grow our international client base outside the UK.”

The appointment follows the recent hire of Alex Watt from Clyde & Co who joined the firm’s real estate team as a partner last month and the internal promotion of three new partners, Gabrielle Holgate (pensions), Charlotte Tillett (IP) and Rosie Todd (tax and trusts)  this month. The firm now has 40 partners and 135 lawyers.

Stevens & Bolton was awarded “National/Regional Firm of the Year 2016” at  the Legal Business Awards this month, ahead of six other shortlisted firms from across the UK.

 

Supporting information: About Stevens & Bolton LLP

Stevens & Bolton LLP is a Top 100 UK law firm, based in Guildford, with a national and international practice. The firm has over 200 people, with 40 partners and 135 lawyers. It won the category “National/Regional Law Firm of the Year” at the 2016 Legal Business Awards and was runner up in the category “UK Law Firm of the Year” at the 2015 British Legal Awards

The current edition of Chambers & Partners UK (the independently researched guide to the UK legal profession) ranks the firm as a “national leader (outside London)” for both corporate/M&A and litigation. 16 other practice areas are also recommended and 12 of these gain top tier ranking. 36 lawyers are singled out as "leaders in their field" or “ones to watch”.

The Legal 500 recommends the firm in 24 practice areas with seven practice areas gaining a top tier ranking.

The firm offers the following legal services: banking, corporate finance, commercial, real estate, dispute resolution, planning & environment, construction, debt recovery, competition, employment, pensions, immigration, family, IT, intellectual property, insurance, restructuring and insolvency, tax and trusts, charities, residential property and wills & probate.

The firm’s finance practice consists of 15 lawyers who specialise in banking, restructuring, insolvency and real estate finance. The team advises on acquisition and real estate finance, asset-based lending, refinancing/restructuring, trade finance and all corporate and personal insolvency matters. It acts for corporates, borrowers/investors, banks/financial institutions, insolvency practitioners, creditors, directors and other stakeholders. Clients include corporates (Aspria, Asquith Nurseries, Insite Group,  Papa John’s, Prax Petroleum, Rydon Holdings and Stackhouse Poland), major banks (Lloyds, Santander and Handelsbanken) and leading accountancy practices across London and the South East (BDO, Mazars, Resolve, RSM and Smith and Williamson). Our banking and restructuring & insolvency teams are recommended by the leading legal directories, with a number of lawyers ranking  as “leading individuals”.

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