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Sheppard Mullins Adds NY Bankruptcy Partners

  Law Firm News  -   POSTED: 2008/03/25 16:10

Carren B. Shulman and Russell L. Reid, Jr. have joined the New York officeof Sheppard Mullin Richter & Hampton LLP as partners in the firm's Financeand Bankruptcy practice group.  Shulmanand Reid most recently practiced with Heller Ehrman in New York, where sheco-chaired the office's Summer Associate program and he chaired the New YorkPro Bono committee and co-chaired the office's recruiting committee.

Shulman focuses her practiceon bankruptcy, commercial litigation, business reorganization and creditors'rights, with an emphasis on representing secured and unsecured creditors intransactions in and out of bankruptcy both domestically and internationally.  She has represented debtors, committees,chapter 11 trustees, trade creditors and secured and unsecured lenders inbankruptcy and has advised corporate trustees in default administration.  Shulman also has significant trial experiencein commercial and employment litigation.

Reid’s practice focuses onthe areas of creditors’ rights, bankruptcy, and corporate reorganization, withparticular emphasis on default administration for corporate trustees. On behalf of debtors, creditors, committees,indenture trustees and loan servicers, he has developed and negotiateddisclosure materials and plans of reorganization, and has prosecuted anddefended litigation involving the automatic stay, cash collateral, claimdetermination, debtor-in-possession financing and plan confirmation.

"With Carren and Russelljoining us, we continue to grow signature practice groups like Finance andBankruptcy and expand national capabilities to better serve client needs onboth coasts.  In the current businessclimate where restructurings and insolvencies are on the upswing, their bankruptcyand commercial litigation expertise is of even greater value to clients,"said Guy Halgren, chairman of the firm. 

Commented Shulman, "Sheppard Mullin has a top-notch Finance andBankruptcy group.  I am impressed by itsreputation as a 'go-to' firm for banking and restructuring clients, and amlooking forward to working with Ed Tillinghast in New York."

New York-based partner Edward H. Tillinghast III leads SheppardMullin's East Coast bankruptcy practice. Tillinghast specializes in corporatereorganizations and restructurings, cross-border insolvencies, creditors’rights litigation, and distressed mergers and acquisitions, advising distressedasset investors on high-yield investments and insolvency-related securitizationopinions.

"I am excited to grow the firm's New York bankruptcy practice withEd, and Carren and I are very pleased to rejoin our former colleague MargaretMann,” Reid said. “Sheppard Mullin offers a strong platform for my practice,which includes the support needed to handle sophisticated bankruptcy andcorporate trust matters." 

Two months ago Margaret M.Mann joined the San Diego office of Sheppard Mullin as partner in the firm'sFinance and Bankruptcy practice group. Mann previously led Heller Ehrman's Restructuring and Insolvencypractice and was the firm’s National Hiring Chair. 

For ten years, Shulman hasrepresented the interests of Goodrich Corporation in litigation and complexcontract negotiations in nearly every airline bankruptcy worldwide.  She represented the largest West Coast powercompany in a multi-billion dollar claim litigation against Enron Corp.  Shulman was special counsel to WorldCom, In re WorldCom, U.S. Bankruptcy Court, S.D.N.Y., 2002.  She represented secured lenders indebtor-in-possession financings in In re Indesco, U.S. Bankruptcy Court,S.D.N.Y., 2001; In re Cannondale, U.S. Bankruptcy Court, Connecticut,2003; In re Henninger Media Services, U.S. Bankruptcy Court, Virginia,2002.

Reid's experience hasencompassed for a number of years the representation of varied deal parties inthe mortgage backed securities arena. His expertise includes the interpretation and enforcement of pooling andservicing agreements, swap agreements, trust indentures, and other relateddocuments, as well as associated out-of-court restructurings and litigation.  Reid has handled an array of businessdisputes before state and federal trial and appellate courts and regulatoryagencies, as well as before tribunals appointed by the American ArbitrationAssociation and the National Association of Securities Dealers. He has significant experience with other typesof alternative dispute resolution, including mediation and summary jury trials.

Shulman received a B.A., magnacum laude, from State University of New York, Albany in 1988 and a J.D. fromNew York University Law School in 1991.  Reidreceived a B.F.A., Journalism, magna cum laude, from Southern MethodistUniversity in 1983, a B.B.A., cum laude, in 1984 and a J.D. from Universityof Texas School of Law in 1989.

Sheppard Mullin has 40attorneys based in its New York office. The firm's Finance and Bankruptcy practice group includes more than 70attorneys firmwide.

About Sheppard Mullin Richter &Hampton LLP

Sheppard Mullin is a full service AmLaw 100 firm with more than 520attorneys in 10 offices located throughout California and in New York,Washington, D.C. and Shanghai.  Thefirm's California offices are located in Los Angeles, San Francisco, SantaBarbara, Century City, Orange County, Del Mar Heights and San Diego.  Founded in 1927 onthe principle that the firm would succeed only if its attorneys deliveredprompt, high quality and cost-effective legal services, Sheppard Mullinprovides legal counsel to U.S. and international clients.  Companies turn toSheppard Mullin to handle a full range of corporate and technology matters,high stakes litigation and complex real estate, land use and finance transactions.  In theU.S., the firm's clients include more than half of the Fortune 100companies.  For more information,please visit

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