Saul Ewing Names New Co-Chairs of Bankruptcy Dept.

With the departure of bankruptcy chairman Norman Pernick over Saul Ewing’s policy change to accept financial institutions as clients, the firm had some leadership spots to fill.

It announced today that Jeffrey C. Hampton, previously vice-chairman of the group, and Wilmington-based partner Mark Minuti will serve as co-chairman of Saul Ewing’s bankruptcy and restructuring department. Minuti is also on the firm’s executive committee.

As co-chairmen, Hampton and Minuti will manage the department’s overall client service strategy.  The department handles debtor and creditor cases, representing debtors, creditors’ committees, equity committees, trustees, creditors, landlords and other lessors, board members, purchasers, and parties defending litigation brought by debtors or pursuing claims against debtors.

In their respective practices, Hampton and Minuti represent debtors, creditors’ committees, trustees, unsecured creditors and other interested parties involved in bankruptcy, insolvency and workout cases. They also represent buyers and sellers of assets in bankruptcy cases

Saul Ewing had a longtime “no banks” policy that allowed the bankruptcy department to market itself as conflict free because the firm didn’t take on any financial institutions clients. As the firm began to form a new strategic plan over the past year to 18 months and prepare for growth, it decided after much debate to loosen the policy and represent banks on a case-by-case basis. That policy change led to Pernick leaving the firm to open the Wilmington office of Cole Schotz Meisel Forman & Leonard. Former department vice chairman Irving E. Walker also left with Pernick, along with four other attorneys from either the Wilmington or Baltimore offices of Saul Ewing.

— Gina Passarella, Staff Reporter

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