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Attorney Jack Butler Moves to Hilco
Bankruptcy Attorney Jack Butler who was at New York-based Skadden, Arps, Slate, Meagher & Flom LLP for 23 years will move to Hilco Global. According to Gary Epstein, its chief marketing officer, Jack Butler will be executive vice president at Hilco, effective May 1. He will report to Jeffrey B. Hecktman, the firm’s chairman and chief executive, according to The New York Times.
Hilco Global specializes in buying and liquidating the assets of distressed and bankrupt companies, though it also appraises healthy firms. A retired partner at Latham & Watkins LLP, Robert Rosenberg, said “Jack is a master bankruptcy professional,” according to Bloomberg Business week.
It has been reported by the New York Times as well that bankruptcy lawyer Jack Butler has been involved in some of the biggest Chapter 11 filings in memory. John W. Butler Jr., represented the official committee of unsecured creditors in the bankruptcy of American Airlines parent AMR Corp. and also advised on the merger with US Airways. Veteran bankruptcy attorney Jack Butler also played key roles in the restructurings of US Airways, Xerox Corp and Kmart Corp.
A graduate of The University of Michigan’s law school, Jack Butler will now take his reputation to Hilco financial services firm. He has been praised by Jeffrey B. Hecktman in a memo stating that he is “one of the most well-known and highly regarded deal-makers and thought leaders in the restructuring, corporate reorganization and M. &A. community.”
Jack Butler is not the only seasoned bankruptcy lawyer that has left the legal world to try their hand on a new endeavor. It has been reported that a partner at Weil, Gotshal & Manges, Harvey R. Miller, left his firm to work at Greenhill & Company, a boutique investment bank, and a top partner at Kirkland & Ellis, was said to have spent two years at New York City based Goldman Sachs before coming back to the law.
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Image Credit: www.businessweek.comAttorney Jack Butler Moves to Hilco by Jaan