"Kirkland & Ellis has landed themselves quite the lateral bounty: Joshua Feltman, the Chair of Wachtell's Restructuring and Finance Department, dangling a guaranteed pay package of $80 million over three years to lure him away from his longtime home."
"Feltman joined Wachtell as an associate back in 2002, made partner in 2010, and rose to chair the firm's elite Restructuring and Finance group, helping lead some of the most consequential restructurings of the last two decades."
"The timing of this hire is no coincidence. David Nemecek, who rose to legal industry prominence advising distressed companies on using liability management exercises to avoid restructuring and bankruptcy, left Kirkland & Ellis in February to join Simpson Thacher."
Kirkland & Ellis has recruited Joshua Feltman, former Chair of Wachtell's Restructuring and Finance Department, with an $80 million guaranteed pay package over three years. Feltman has been instrumental in significant restructurings, including Toys 'R' Us and AMC. His departure follows the exit of David Nemecek to Simpson Thacher, who is known for modern liability management exercises. This move is strategic, as it positions Simpson Thacher to challenge Kirkland's dominance in the liability management space.
Read at Above the Law
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