Restructuring on the Mind

Ever since it's been announced that legal legend James Sprayregen was exiting Kirkland & Ellis for Hilco Global there has been ramped-up interest in the broad umbrella topic of restructuring. That includes bankruptcy. 

For example, on X today there are questions about the ethics of bankruptcy, especially in Texas. (Well-known is the Texas 2-step). 

Now. on Fishbowl Big Law is this:

"Anyone have insight into the restructuring group at Paul Weiss? Culture, types of deals, etc?" 

Meanwhile deep in the collective memory bank as we reflect on the 14- to 16-hour day is that Sidley Austin suicide Gabe MacConaill was handling the complex Mattress Firm bankruptcy. Some contend he pulled the plug to escape the pressure of extreme overwork. Back at Sidley he had lots of administrative commitments such as overseeing summers. That's real work since a summer with an unsatisfying experience can return to the law school, badmouth the firm, and none of the best and brightest will apply there. 

Also legend (and not in the way Sprayregen is) and not surprisingly in TX is that bankruptcy judge David R. Jones didn't disclose his romantic relationship with bankruptcy lawyer Elizabeth Freeman, a partner at Jackson Walker. She presented cases in front of Jones. The judge did step down. 

Yesyesyes that Jones story continues to have legs, as do most forbidden-fruit romantic sagas such as the drama of T.J. Holmes and Amy Robach. Since the Renaissance there have been myriad versions of the "Romeo and Juliet" meme. 

In coaching I assist clients on how to navigate after a commercial or individual bankruptcy. Often, though, embedded in the challenges they face is a stealth romance in their professional life. That can trigger more obsession than financial distress. 

Limiting beliefs? Self-defeating? Stuck? Complimentary consultation with Coach Jane Genova (text/phone 203-468-8579, janegenova374@gmail.com)