Otterbourg has named Daniel Fiorillo as head of the firm’s restructuring practice group as of 1 January 2017.
Jonathan Helfat, who led the group for more than 25 years, will be stepping down from the position but will continue to practice actively with the firm.
Fiorillo (pictured) has a broad practice representing secured and unsecured creditors, hedge funds, private equity groups, corporations, equity holders, investors and advisors that deal with financially distressed businesses both in bankruptcy and in various out of court workout and restructuring arrangements.
He has extensive experience working with creditors and professionals to maximise clients’ recoveries across the range of circumstances confronting a distressed debtor, including matters relating to Chapter 11 debtor-in-possession and “exit” financing facilities, workout arrangements, revolving credit facilities, term loans, convertible debt and equity instruments and acquisition financing.
Fiorillo has appeared before numerous federal bankruptcy courts across the country representing bank, commercial finance, hedge fund and private equity clients.
He joined Otterbourg in 1997 after law school and became a partner in 2005. Since joining Otterbourg, Fiorillo has worked closely with Helfat in the firm’s restructuring group.
Helfat says: “I am delighted to see Dan take on this new role and believe that the firm is well positioned to continue to serve its clients with the depth of our experience in this field.”
Helfat will continue in his role as co-general counsel to the Commercial Finance Association and his work with clients.
Daniel Wallen, Otterbourg's chairman, adds: “Dan has built upon an exceptional practice and has shown strong leadership within the firm. I am confident that he will continue the growth and success of the restructuring group that Jon has admirably led and firmly established as one of the best in the nation. We are all extraordinarily thankful to Jon for his dedication to the firm and our clients for so many years, and for mentoring Dan along the way.”
