A pair of partners have joined Goodwin in New York and Boston, one of whom has been appointed as co-chair of the firm’s global Restructuring group. On 7 April, Goodwin announced the hires of bankruptcy chair Andrew Goldman in New York and partner Benjamin Loveland in Boston. Goldman, who has also been appointed co-chair of Goodwin’s Restructuring practice, tells Global Restructuring Review that he made the decision to join Goodwin due to its platform and culture and the firm’s collaborative nature. He says the move will also allow him to work with old friends. Goldman advises debtors, boards of directors, creditor committees, debtor-in-possession (DIP) lenders, bondholders, and other lenders in out-of-court workouts, Chapter 11 cases, benefit of creditor assignments, and state court liquidations. Looking ahead to his new role, Goldman tells GRR he expects private credit-driven Chapter 11 filings to be “preeminent” in the near term, as well as refinancings for companies impacted by high interest rates, tariffs, and consumer appetite changes.
Joining Goldman at Goodwin, Loveland represents companies, creditors, and debt investors in Chapter 11 proceeding and out-of-court workouts. “The opportunity to join a strong, cross-disciplinary firm, with a deep bench of existing restructuring talent, while at the same time continuing to practice with my partner, Andy, was too good of an opportunity to pass up,” he tells GRR. Loveland tells GRR that he is expecting to see an increase in the use of foreign insolvency proceedings and Chapter 15 cases that will allow US companies to do things they would be unable to do in plenary US proceedings, such as employing non-consensual third-party releases and getting around the federal ban on cannabis that prohibits access to US bankruptcy courts. “Andy and Ben are expert restructuring lawyers with deep experience advising creditors, investors, and companies on a variety of complex matters,” Goodwin Private Equity group co-chair Chris Nugent said. “Andy is widely respected for his leadership on major restructurings, and Ben has built an impressive practice representing companies, investors, and other stakeholders on significant Chapter 11 matters.”