July 7, 2026
Willkie has been featured in a Legal Business article on the market-leading firms that are driving the evolution of liability management as a key area of law.
Legal Business noted that liability management, once a niche practice at the intersection of restructuring and finance, has become a focal point for Willkie and other top firms that are increasingly advising companies, sponsors and creditors in high-value capital solutions.
The article quoted Willkie partners Daniel Gendron and Marc Hecht among the London practitioners excelling in liability management exercises, legal strategies to use flexibility in financing documents to raise liquidity. They noted that as the practice matures and both borrowers and creditors become more familiar with the process, there is greater opportunity for nuanced and creative capital solutions, as well as more consensual strategies, especially among marquee sponsors and bulge-bracket banks.
The article also discussed how the market-leading firms, including Willkie, are building out liability management groups that integrate lawyers across restructuring, finance, and hybrid capital practices to provide clients with tailored solutions to complex distressed finance situations.
Daniel Gendron is Co-Chair of Willkie’s Hybrid Capital Practice Group, and focuses on leveraged finance transactions and financial restructurings. Marc Hecht is a partner in Willkie’s Restructuring Department and has extensive experience advising on financial stress, distress, restructuring and insolvency matters for varied stakeholders.
Read the article in Legal Business here (subscription may be required).
Legal Business noted that liability management, once a niche practice at the intersection of restructuring and finance, has become a focal point for Willkie and other top firms that are increasingly advising companies, sponsors and creditors in high-value capital solutions.
The article quoted Willkie partners Daniel Gendron and Marc Hecht among the London practitioners excelling in liability management exercises, legal strategies to use flexibility in financing documents to raise liquidity. They noted that as the practice matures and both borrowers and creditors become more familiar with the process, there is greater opportunity for nuanced and creative capital solutions, as well as more consensual strategies, especially among marquee sponsors and bulge-bracket banks.
The article also discussed how the market-leading firms, including Willkie, are building out liability management groups that integrate lawyers across restructuring, finance, and hybrid capital practices to provide clients with tailored solutions to complex distressed finance situations.
Daniel Gendron is Co-Chair of Willkie’s Hybrid Capital Practice Group, and focuses on leveraged finance transactions and financial restructurings. Marc Hecht is a partner in Willkie’s Restructuring Department and has extensive experience advising on financial stress, distress, restructuring and insolvency matters for varied stakeholders.
Read the article in Legal Business here (subscription may be required).
