Otterbourg Names Daniel Fiorillo as Head of Firm’s Restructuring Practice
October 27, 2016
As part of its continuing leadership transition plan, Otterbourg P.C. has named Daniel Fiorillo head of the firm’s restructuring practice group as of January 1, 2017. Jonathan Helfat, who successfully led the group for more than 25 years, will be stepping down from that position but will continue to practice actively with the firm.
Fiorillo 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 maximize 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 commented, “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, added: “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.”
The move continues the firm’s multi-year transition plan spearheaded by Wallen, including a shift to new leadership at Otterbourg. Last month, the firm announced as part of the initial steps in that leadership transition that Richard Stehl will become firm chairman and David Morse will become firm president as of January 1, 2017. Wallen is stepping down from both positions as of January 1, but will remain at the firm and continue to be involved in the transition process and work with clients.
“Successful leadership transitions are critical for the health of any law firm, and we are confident that we have built a strong foundation for the firm’s long term prosperity,” Wallen said.
Otterbourg P.C. offers clients a unique combination of legal insight and practical solutions and is known for its integrity, legal expertise, stability and business knowledge. The firm, established more than 100 years ago, regularly represents clients in matters of national and international scope, including banks, finance companies, hedge funds, private equity firms, real estate investment firms, corporate clients and high net-worth individuals.