New York, New York (April 2, 2021)McLaughlin & Stern, LLP, announced today that Ira Reid has joined the firm as Special Counsel to the Bankruptcy & Restructuring Group.  Ira was formerly a partner at Baker & McKenzie and prior to that, practiced at LeBouef, Lamb, Greene & MacRae..  With thirty-three years of experience as a commercial restructuring lawyer, Ira Reid brings to McLaughlin & Stern a wealth of experience in proceedings under chapters 7, 11 and 15 of the Bankruptcy Code.  Ira has represented debtors, secured and unsecured creditors, committees, foreign representatives, asset acquirers,  bankruptcy trustees and other parties in interest during his distinguished career.  Mr. Reid is particularly skilled in the bankruptcy implications and resolution of complex structured finance transactions, repurchase agreements, and credit derivatives, including swap transactions.  We have also elevated Partner, Steven S. Newburgh, to the position of Chair of our Bankruptcy & Restructuring Group.  The practice group’s former Chair,  Paul H. Silverman, has become Special Counsel to the Firm but will continue to be an active member of the Firm’s Bankruptcy & Restructuring Group.  Mr. Silverman’s decades of experience in commercial restructuring and his representation of both foreign and domestic creditors and debtors, has established a high bar for our Bankruptcy & Restructuring Group.

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