US firm Kirkland & Ellis has been hit by the departure of Chicago-based superstar and head of bankruptcy and restructuring James Sprayregen. Sprayregen, who has been with the US firm for 16 years, will leave early next month to join Goldman Sachs in a non-legal role. He will help lead the bank’s practice by advising clients on restructuring and those that are in distressed situations. Sprayregen is one of the top US bankruptcy and restructuring lawyers, with clients including Conseco, NRG Energy, Tower Automotive, Trans World Airlines and United Airlines.
First reported on www.thelawyer.com 7 June