Former bankruptcy head finds new post

Dewey Ballantine’s former head of bankruptcy has jumped ship to Boston’s Ropes & Gray after nearly 20 years with the firm.

Stuart Hirshfield has joined the Boston firm’s office in New York, where he will head up the bankruptcy and creditors’ rights practice.

Hirshfield’s move is the latest step in Ropes & Gray’s attempts to bolster its New York presence after recently merging with niche corporate firm Reboul MacMurray Hewitt & Maynard.

In March, Hirshfield stepped down from his role as chairman of Dewey’s corporate reorganisation and bankruptcy practice. The role has now been split between partners Alan Gover, based in Houston, and New York’s Benjamin Hoch.

Hirshfield’s CV includes acting for the creditors of 1980s junk bond juggernaut Drexel Burnham Lambert, which fell into bankruptcy in 1989.

The New York market is continuing to be remarkably fluid for bankruptcy specialists at present – although mainly at the expense of Jones Day.

Jones Day recently lost the chair of its restructuring group Richard Cieri to Gibson Dunn & Crutcher, while John Rapisardi returned to Weil Gotshal & Manges after just 18 months with the firm.