McDermott Expands Finance & Restructuring Capabilities in London to Meet Increasing International Client Demand
International law firm McDermott Will & Emery is pleased to announce the appointment of Mark Fennessy and Sunay Radia as partners in its Global Transactions Practice based in London. Both will focus on restructuring and insolvency matters with Mark also serving as Head of UK Restructuring for the Firm.
“Mark and Sunay are exceptional lawyers with high-profile restructuring experience that will enhance our comprehensive offering to clients. Mark has an outstanding reputation in the market with a particular strength in dealing with multi-faceted group collapses and insolvency issues of an international and cross-jurisdictional nature. Mark and Sunay’s arrival, along with the recent appointments of Ranajoy Basu, Mark Fine and Aymen Mahmoud, demonstrates the Firm’s commitment to building a leading finance and restructuring capability in London. In addition, these latest appointments will work closely with colleagues in our other transactional teams (including private equity and funds teams) while expanding the breadth of our European restructuring groups across the region,” said Hamid Yunis, Managing Partner of the Firm’s London office.
“Mark and Sunay are high-calibre attorneys who fit in well and will work in close coordination with our restructuring practice Firmwide, including on cross-border matters. On a macroeconomic level, the ongoing pandemic continues to create a need for bankruptcy and restructuring expertise globally,” said Felicia Perlman and Timothy W. Walsh, Global Co-Heads of Restructuring & Insolvency.
“The Firm’s ambition, coupled with its broad international platform and the ‘one-stop service’ it offers, were major factors attracting me to McDermott,” said Mark Fennessy. “I look forward to playing a leading role in developing McDermott’s UK restructuring and insolvency offering working alongside the existing finance team in London and my international colleagues across Europe and in the US. In addition, with a focus on funds and private equity, I am excited to build on the synergies with these groups and expand our client base further. Additionally, we expect an increase in the contentious nature of restructurings and it is key that there is a strong European and US litigation presence we can work alongside,” he added, “I am delighted to be joining McDermott and look forward to working with colleagues in the finance and corporate teams in London and around the globe. I believe McDermott will provide a fantastic platform to develop further our client base internationally,” said Sunay Radia.
Mark has extensive knowledge of, and experience in, all areas of contentious and non-contentious turnaround and insolvency with a focus on advising Chapter 11 Committees. He has been involved in a number of high-profile assignments for banks, creditor committees, funds and various strategic parties in matters related to Lehman Brothers, MF Global, Westinghouse Group, Travelex, DTEK and Codere.
Sunay focuses his practice on a variety of financial restructuring transactions, including high yield bond and LBO workouts, refinancings, consensual and nonconsensual restructurings, enforcements and distressed asset sales. He has most recently worked on the Travelex and Codere restructurings in the summer of 2020.
Both join from Proskauer Rose LLP where Mark was European Head of Restructuring and Insolvency.
Building on momentum in London
“We have been experiencing increasing client demand across our London practices, and we continue to invest in Corporate, Private Equity, Healthcare & Life Sciences, Infrastructure, Private Client and Litigation. This has resulted in recent high-calibre appointments, including Andrea Best, Tom Whelan, Ranajoy Basu, Anthony Fine, Mark Fine and Aymen Mahmoud, and we will invest further in building on our strengths, and adapt our offering, as our clients’ needs evolve,” added Hamid.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices, industries and more than 20 locations to deliver highly effective—and often unexpected—solutions that propel success. More than 1,100 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.