Foley & Lardner announced today that Paul Labov has joined the firm’s Litigation Department and Bankruptcy & Business Reorganizations Practice Group as a partner in the New York office.
Labov focuses his practice on representing creditor committees and other major constituencies in large Chapter 11 bankruptcy proceedings, including significant creditor committee engagements in the cases of Beaulieu Group LLC, Family Christian Stores, Uplift Rx and Garces Restaurant Group. Labov’s experience also includes serving as co-counsel to an ad hoc group of vendors holding hundreds of millions in administrative claims in the Toys “R” Us Chapter 11 proceeding.
Labov also advises investment funds, insurance companies, and commercial banking institutions in connection with the purchase and sale of distressed debt and assets, debtor-in-possession financing and claims trading. In addition to his work with distressed funds, Labov counsels private equity firms, such as A&M Capital Partners, on the acquisitions of portfolio companies.
"Paul is an accomplished bankruptcy and restructuring lawyer with deep experience representing creditor committees, an area of major growth at our firm. He is also nationally recognized for his work in the retail sector, which nicely complements our experience representing key players in that space,” said Geoffrey Goodman, co-chair of Foley’s Bankruptcy & Business Reorganizations Practice Group. “The addition of Paul further diversifies our practice in New York and nationally, and provides significant potential for continued growth.”
Labov comes to Foley from Fox Rothschild LLP, where he was a partner on the financial restructuring and bankruptcy team. He began his career at a bankruptcy boutique firm in New Jersey, where in addition to bankruptcy, he was recognized for his commitment and efforts on behalf of those in need of legal service but who were unable to afford a lawyer.
“We have a thriving bankruptcy practice in New York and have been looking for complementary high-caliber talent to add to the team, and Paul fits the bill perfectly,” said Peter Wang, managing partner of Foley’s New York office. “Those of us who know Paul know him to be ambitious, focused and extremely personable. He is well respected by his peers both nationally and regionally, and we are thrilled to welcome him to our team.”