Cadwalader names new financial restructuring chief

Cadwalader Wickersham & Taft has appointed Deryck Palmer as co-chairman of the firm’s financial restructuring department.

The firm announced today (10 June) that Palmer, formerly a partner at Weil Gotshal & Manges who joined Cadwalader in 2007, is to join Bruce Zirinsky in managing the 65-member team of lawyers.

“Deryck has all of the qualities we look for in a leader and, on behalf of our management team, we look forward to working with him and Bruce to continue to enhance the restructuring platform in all of our offices,” said Chris White, the chairman of Cadwalader and the co-chairman of the firm’s corporate department.

Palmer was one of four Weil partners who left the firm in March last year (the others were George Davis, John Rapisardi and Andrew Troop). He has handled a wide variety of workout, corporate restructuring and bankruptcy matters in his practice, which focuses on representing debtors as well as creditors under chapter 11.

He is also known for his expertise in Chinese commercial transactions and played a key role in advising on China’s new bankruptcy code prior to its enactment into law.