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The Secured Lender

TSL-NOV24-COVR 

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September 23, 2024

Source: Paul Hastings LLP

DALLAS – Further strengthening its market-leading financial restructuring practice and continuing its strategic expansion in Texas, Paul Hastings LLP has added restructuring lawyer Charles Persons as a partner in Dallas. The firm has more than tripled its Texas headcount in the last year and expects to have more than 100 lawyers in the Lone Star State by Q1 2025, up from 25.  

Persons represents debtors and creditors in complex domestic and cross-border matters ranging from Chapter 11 cases and out-of-court reorganizations and financings to distressed acquisitions and debtor-in-possession financings, as well as diverse bankruptcy litigation matters, including appellate litigation. His practice also includes significant private equity borrower and company-side work. He joins from Sidley Austin LLP.

“Charles is a strong addition to our preeminent restructuring group, as we expand the practice and our broader platform in Texas,” said firm Chair Frank Lopez. “His extensive restructuring experience, coupled with his private equity borrower and company-side work, will be valuable for existing and new clients across diverse industries as we continue to gain market share at the top of the market.”

Persons’ numerous high-profile representations include New Residential Investment Corp., in its bid for the mortgage-related businesses of Ditech Holding, and multiple out-of-court distressed oil and gas acquisitions. His multinational restructuring experience spans sectors ranging from retail and aviation to automobile and manufacturing, with considerable experience in the oil and gas industry and clients including Ares Management, Huron Consulting Group, K2 HealthVentures, MHR Fund Management, Mockingbird Credit Partners, Morgan Stanley Energy Partners, and Presidio Petroleum.

“I’m thrilled to join Paul Hastings and an exceptional team that has established itself as one of the world’s strongest restructuring groups,” said Persons. “I look forward to collaborating with the many talented lawyers across practices in Texas and beyond, and to helping the firm continue its growth trajectory while also introducing its leading global platform to my clients.”

Persons is the latest to join the powerhouse Paul Hastings financial restructuring platform, which has leaped to the top of the market by adding premier partners and teams, including:

The firm’s restructuring practice earned three “Deal of the Year” accolades at M&A Advisor’s 2024 Turnaround Awards and advised on five matters recognized by Turnarounds & Workouts as “Successful Restructurings of 2023.” Lawyers in the practice advise on many of the world’s most complex high-profile matters, including representing the Official Committee of Unsecured Creditors in the Chapter 11 proceedings for FTX and WeWork, advising lenders in the $1.2 billion in-court restructuring of Pennsylvania Real Estate Investment Trust (PREIT), advising an ad hoc group of crossover lenders on the $8.8 billion in-court restructuring of Diamond Sports, and advising term lenders on the $4.3 billion out-of-court restructuring of Travelport.

In rapidly building a formidable Texas presence, Paul Hastings has attracted top-tier talent, including:

 

About Paul Hastings

With widely recognized elite teams in finance, mergers & acquisitions, private equity, restructuring and special situations, litigation, employment, and real estate, Paul Hastings is a premier law firm providing intellectual capital and superior execution globally to the world’s leading investment banks, asset managers, and corporations.