Distressed Investing & Special Situations

Legal advice that helps you turn situations into opportunities

We partner with clients to resolve complex problems in sophisticated capital stacks, transactions, and commercial situations.

We have insight to see beyond the initial layers and can shed light on what might be otherwise seen as opaque situations. Reed Smith features seasoned professionals across the firm that include restructuring and insolvency, finance, corporate, and litigation specialties. Our professionals advise all constituents, including investment funds, asset managers, trading desks, and corporate clients, across the lifecycle of special situations.

With full-spectrum transactional capability, we advise on structuring equity, loans, notes, derivatives, securitizations, and other bespoke solutions, whether you are acquiring distressed assets, providing rescue financing, participating in recapitalizations, or investing at any level of the capital stack.

We operate throughout the United States, Europe, the Middle East, and Asia, positioning us to lead the way through any large-scale cross-border corporate restructuring, debtor-in-possession financing, cross-border workouts, and complex distressed refinancings. 

We leverage our lawyers’ extensive sector-specific knowledge of, and experience with, debt and equity investment instruments, intercreditor issues, market terms, industry sector nuances, and cross-jurisdictional regulatory risks.

We pride ourselves on delivering sophisticated, commercial advice with the utmost efficiency. We are driven by adding value not only to investments in high-profile, multinational, multibillion-dollar capital structures but also to domestic “off-the-beaten-path” private credit.

Our distressed investing and special situations team draws support from Reed Smith lawyers in complementary fields, such as energy and natural resources, transportation, entertainment and media, life sciences, health care, financial services, and real estate, wherever needed, ensuring you receive the best support and advice to capture upside. 

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