Legal Lens A Conversation with Josh Sussberg
Jun 16, 2023
Josh Sussberg, a leading restructuring lawyer at Kirkland & Ellis LLP, shares his journey from journalism to law, influenced by personal challenges and a desire to help struggling companies. He discusses recent trends in bankruptcy, emphasizing faster restructuring processes and pre-packaged bankruptcies. Sussberg highlights the need for companies to proactively navigate the current economic landscape, marked by rising borrowing costs and geopolitical tensions, showcasing the evolving rehabilitative purpose of bankruptcy practices.
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Choosing Bankruptcy Law
- Josh Sussberg chose bankruptcy law because it offered early courtroom opportunities and combined corporate and litigation elements.
- A childhood memory of his father's home building business struggling during a recession influenced his interest in restructuring.
Personal Battle and Perspective
- Josh Sussberg faced a serious illness in 2016 and was eager to return to work, confirming his passion for the law.
- This experience gave him perspective on the importance of dedication and loving what you do.
Bankruptcy Timelines Accelerate
- Bankruptcy restructurings have accelerated from years to shorter periods with pre-packs and exclusivity limits.
- The focus has shifted from lengthy processes to quick resolutions benefiting distressed companies.