LONDON – March 13, 2024 – Global law firm Greenberg Traurig, LLP earned the top spot in Reorg’s Europe, Middle East, and Africa (EMEA) Advisor Rankings 2023 as the most engaged legal advisor for mid-market restructurings, with 16 engagements across the year, and is ranked in the top 10 for large-cap restructurings that have a total debt size of over €250 million.
The firm performed equally strongly, in both the company-side and creditor-side league tables, with key accolades including:
- Number 1 for mid-market overall
- Number 1 for mid-market company-side
- Number 1 for mid-market creditor-side
- Top 10 for large-cap overall
- Top 10 for large-cap company-side
- Top 10 for large-cap creditor-side
Reorg’s EMEA Advisor Rankings analyse the engagements of both legal and financial advisors in newly initiated restructurings, according to the publication.
Reorg’s recognition caps a highly successful year for Greenberg Traurig’s Restructuring team. A cross-border London and Berlin team recently advised senior creditors on the Part 26 A restructuring plan for Project Fürst, a German real estate development backed by international lenders, which was sanctioned by the English High Court in March 2024. In addition, Greenberg Traurig advised the debtor in the high-profile Prezzo Part 26A restructuring plan, sanctioned by the High Court in July 2023. The team also made a rapid ascent into the GRR 30 2023 ranking of the world’s leading restructuring advisors, described by GRR as a “stunning debut,” and was shortlisted for Corporate (Restructuring) Team of the Year at the British Legal Awards 2023.
John Houghton, co-vice chair of Greenberg Traurig’s Global Restructuring & Bankruptcy Practice, said, “With over 120 lawyers across Greenberg Traurig’s 47 locations, our Restructuring Practice has seen accelerated growth over the past year. Given current global macro-economic pressures and geo-political instability, coupled with local market challenges, we expect to continue to see increased activity across the EMEA region throughout 2024, and are well-placed to advise both company-side and creditor-side.”