THE FIRM This practice offers the full range of bankruptcy and restructuring services. The group is particularly well known for its representation of creditors, and has represented unsecured creditors in a number of committees of late, including those of Miller Bros. Coal, AES Thames and PFF Bancorp. It also regularly represents debtors in related litigation, workouts and reorganizations. Clients appreciate the team's impressive depth of knowledge and extensive set of resources, while peers acknowledge its strategic approach to cases.
Sources say: "I don't think you'll find a better practice in the region." "Their industry knowledge is terrific."
KEY INDIVIDUALS Senior statesman Raymond Shapiro is described as a "classy senior practitioner" who is "enshrined as a dean of the Bar." His practice has included counseling New Chrysler on contentious matters with Daimler.
Thomas Biron is a stalwart of the Pennsylvania Bar. His recent work has focused on contentious matters relating to consolidation, corporate governance and breach of fiduciary duty. Sources say: "He is a real advocate for his clients and is passionate about what he does."
Regina Stango Kelbon chairs the firm's bankruptcy practice. She is recognized for her representation of financial institutions; other notable experience includes acting as counsel to the creditors' committee of Lower Bucks Hospital.
Joel Charles Shapiro is well regarded for his bankruptcy practice. Peers note that he has "successfully carved his own niche" in the market, advising on aviation foreclosure cases.
Michael Schaedle's bankruptcy expertise encompasses all aspects of the practice area. Clients appreciate "his ability to use his understanding of the bankruptcy code to formulate an excellent plan." Alongside Biron, he successfully represented construction lender iStar Financial in relation to the dismissal of a Chapter 11 filing.
Since publication, Leon Barson has joined the team from Pepper Hamilton. Barson is rated for his debtor's side representation and is acknowledged for his expertise in Chapter 9 proceedings. He has a strong following and earns significant praise from respected members of the legal community. "He is just outstanding," said one peer.