Linklaters Boosts U.S. Restructuring Practice with Key Hire from Simpson Thacher

In a significant move to enhance its U.S. operations, Linklaters, a prominent London-based law firm, has recruited Michael Torkin to lead its U.S. capital solutions and special situations practice. Torkin, formerly a partner at Simpson Thacher & Bartlett, brings extensive experience in restructuring and advising on distressed companies.

This strategic hire underscores Linklaters' commitment to expanding its presence in the United States. Danelle Le Cren, who heads Linklaters' U.S. banking group, emphasized the importance of this addition, stating that it represents a crucial step in strengthening the firm's restructuring capabilities.

Linklaters, founded in 1838 and part of the prestigious "Magic Circle" of British law firms, has been actively pursuing growth in the American legal market. In January 2024, the firm made headlines by recruiting a six-lawyer dealmaking team from Shearman & Sterling, led by George Casey, a former global managing partner at Shearman.

Torkin's expertise is evident in his impressive client portfolio. He has represented notable entities such as natural gas producer Arsenal Resources Development LLC in its 2019 bankruptcy filings and photography pioneer Eastman Kodak Company. Additionally, Torkin was involved in a high-profile 2023 lawsuit against Carnegie Mellon University, representing an Israeli Jewish graduate in a case alleging antisemitic abuse.

The addition of Torkin aligns with Linklaters' recent financial success. In July 2024, the firm reported a record-breaking revenue of £2.1 billion for the financial year ending April 30, 2024, marking a 10% increase. Notably, the U.S. market played a crucial role in this growth, with a remarkable 24% revenue surge in the region.

Linklaters' strategic expansion in the U.S. is part of a broader trend among international law firms seeking to establish a strong foothold in the world's largest legal market. The firm's New York office, opened in 1972, has been a cornerstone of its international presence for over five decades.

As one of the oldest law firms globally, Linklaters has consistently demonstrated its ability to adapt and innovate. The firm has been at the forefront of technological adoption in the legal sector, being one of the first to appoint a dedicated Chief Technology Officer. Moreover, Linklaters has gained recognition for its pro bono work, diversity initiatives, and growing focus on sustainability and environmental law practices.

With over 2,900 lawyers worldwide as of 2023, Linklaters continues to leverage its global network and expertise across various practice areas. The firm's commitment to growth in the U.S. market, coupled with its strong performance in Asia and Europe, positions it well for continued success in the evolving legal landscape.