NEW YORK, Nov. 13, 2008 (GLOBE NEWSWIRE) -- Weil Gotshal & Manges is pleased to announce that Marcia Goldstein, chair of its Business Finance and Restructuring (BFR) Practice, has been named to the Wall Street Journal's "50 Women to Watch," an annual feature listing the most influential women in the country "who are poised to have an impact on the world of business." Goldstein, the only private practice attorney on this year's list, was selected for outstanding work advising some of the largest debtors in the country.
Introducing her as leader of what is "arguably the hottest legal practice of the moment," the Wall Street Journal cites Goldstein's role in American International Group's out-of-court restructuring, and as lead bankruptcy counsel for Washington Mutual Inc. and LandSource Inc. It also notes that the Weil Gotshal team is handling the bankruptcy of Lehman Brothers Holdings Inc., the largest corporate bankruptcy in U.S. history.
Throughout her more than 30 years with Weil Gotshal, Goldstein has practiced in all areas of domestic and international debt restructuring, including crisis management and corporate governance. Her clients include debtors, bank groups, secured and unsecured creditors, statutory creditors' committees, trustees, and other parties in other major debt restructurings and Chapter 11 cases. Past notable representations include serving as lead counsel in the restructuring of WorldCom, Inc., achieving confirmation of its plan of reorganization in fifteen months, and in the international restructuring of Parmalat S.p.A.
"Marcia's selection to this prestigious list underscores how much of an asset and leader she has been to the Business Finance and Restructuring Practice, our firm and our clients," said Stephen J. Dannhauser, Chairman of Weil Gotshal. "In addition to her recognition as a skilled attorney, she is also a much admired mentor and role model to many women at the firm."
Goldstein's legal achievements are particularly impressive as one of few women who have risen to the top of a field still dominated by men. She imparts what she has learned along the way by maintaining a strong commitment to mentoring younger women attorneys at the firm. An instrumental force behind Weil Gotshal's Women@Weil group, she contributes to the firm's pioneering affinity program that focuses on firm-wide mentoring and networking initiatives.
Goldstein has been a lecturer at Yale Law School, Columbia Law School and Cornell Law School, where she attended undergraduate and law school. She chairs Cornell's Law School Advisory Council, and has served on its Visiting Committee as well as its Dean's Special Leadership Committee.
Weil, Gotshal & Manges (www.weil.com), an international law firm of over 1,300 lawyers, including approximately 300 partners, is headquartered in New York, with offices in Austin, Beijing, Boston, Budapest, Dallas, Frankfurt, Hong Kong, Houston, London, Miami, Munich, Paris, Prague, Providence, Shanghai, Silicon Valley, Warsaw, Washington, D.C. and Wilmington.
Weil Gotshal's Business Finance and Restructuring (BFR) Practice, perennially ranked #1 by Chambers USA as "the gold standard that others aspire to," handles the most complex restructuring, reorganization, and litigation matters in the most prominent and challenging bankruptcy cases in the world. Over the past decade, the firm's global practice has been involved in nearly every major international and US reorganization case and out-of-court restructuring, representing a wide range of interests and parties, including Enron and WorldCom, as well as Parmalat, Global Crossing and Eurotunnel.
Weil Gotshal & Manges LLP Mike Ford 212-833-3999 mike.ford@weil.com