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Bayard Earns High Rankings Firm-wide in Chambers USA 2008

Bankruptcy, Real Estate, IP, Chancery and Corporate/ M&A Lawyers Recognized

Six Bayard lawyers rank as leading practitioners in Delaware across multiple practice areas in Chambers USA 2008: America’s Leading Lawyers for Business.  The firm’s Bankruptcy and Restructuring, Intellectual Property and Real Estate practices have also once again earned high marks in the 6th annual edition of Chambers USA, a respected legal directory compiled based on in-depth interviews with key in-house counsel and private practice attorneys.

“Chambers continues to be the gold standard of legal guides for the US and Europe,” said Jeffrey M. Schlerf, Bayard’s Chairman.  “The 2008 edition illustrates the continued strength and reputation of Bayard’s Bankruptcy practice in Delaware, and that of our IP and Real Estate practices,” he said. “We’re pleased that our representation in the guide has expanded in breadth this year to include individual attorney recognitions for Corporate/ M&A and Chancery work. We thank our clients and peers for their participation and insights in Chambers’ intensive research process which enabled our notable rankings.”

Chambers ranks law firms and individual attorneys in Bands from 1 to 6, with Band 1 being the highest ranking. The firm’s Real Estate practice received an esteemed Band 2 ranking in the state. Douglas M. Hershman, Chair of the Real Estate practice and Neil B. Glassman, Chair of the Bankruptcy Practice, both earned Band 2 individual rankings. Richard D. Kirk is a recognized leader in Intellectual Property. Firm Chairman, Jeffrey M. Schlerf also is named a leading practitioner in Bankruptcy law, and newly ranked as leading practitioners are firm Directors Marla H. Norton in Corporate/ M&A, and Peter B. Ladig in Chancery.

Chambers USA 2008 describes Bayard as “highly appreciated by clients for the well-rounded and industry-tailored advice it provides them.” The firm also “remains a favorite among referring counsel at white shoe law firms requiring Delaware local counsel,” according to the guide.  More details on the lawyers’ representation in the directory follow.

Neil Glassman
, chair of the firm’s Bankruptcy and Restructuring practice, again ranked individually among the top lawyers, in Band 2 of the guide, for Delaware. Glassman has been recognized in Chambers since 2003. “Neil Glassman is one of the market’s most senior figures, respected for the depth of experience he can offer,” says the guide. Clients interviewed by Chambers called Glassman “insightful and quick to analyze the underlying cause of the issue, then draw analogies to put it into context.” Glassman focuses his practice on bankruptcy and insolvency law, and regularly represents debtors, official committees of unsecured creditors, insurance companies, and creditors in large bankruptcy cases, insurance company insolvencies and other insolvency proceedings.

Douglas Hershman, called “a forthright and efficient lawyer,” achieved a Band 2 individual ranking for the second year running, as head of Bayard’s Real Estate practice.  “His diverse workload is highly regarded by peers in the market,” says the guide. The real estate practice rose to a #2 position in the 2008 guide. Hershman conducts a diverse law practice in real estate representing both buyers and sellers of commercial and residential properties, borrowers in financing transactions, and lenders making commercial real estate loans throughout Delaware and the surrounding states.

Richard Kirk also earned a high individual ranking in Delaware, for Intellectual Property in the 2008 edition of the directory.  A “well-liked” and “respected” name in the field, he has ranked as a leading practitioner in IP law in Delaware for the past three years. Kirk focuses his practice on intellectual property litigation, general business litigation, and administrative law.

Jeffrey Schlerf, was named by Chambers, for the third consecutive year, as among the leaders in Delaware bankruptcy law. He focuses his practice in the areas of commercial bankruptcy, restructurings, insolvencies, liquidations, loan workouts, commercial litigation and mediation. Sources interviewed for the guide point to Schlerf’s strength in creditor representations. He mostly represents debtors, creditors’ committees, trustees, secured and unsecured creditors, and purchasers in chapter 11 cases.

Marla Norton ranks in Chambers USA for the first time in 2008 for her work in Corporate/ M&A.  With a broad corporate and commercial transaction practice, Norton focuses her practice on alternative business entities, corporate governance and third party legal opinions.

Peter Ladig
also made his debut in Chambers USA 2008, in recognition of his Chancery Court work.  Named a director of the firm in 2007, Ladig maintains a diverse practice in the areas of corporate governance and commercial litigation, stockholder litigation, fiduciary duties, partnership and limited liability company disputes, and class action and derivative lawsuits as well as intellectual property.

Bayard, a Wilmington, Delaware-based firm, has a nationally recognized practice in commercial bankruptcy and corporate and commercial litigation, securitization and structured finance. Other established practices include counseling clients in the formation of corporations and other alternative entities, real estate, intellectual property, insurance, tax, estate planning and estate administration.
“Clients appreciate that the firm deliberately keeps team numbers down to reduce costs, and taps into other pools of expertise within the firm when required,” says Chambers USA 2008.

Chambers and Partners, based in London, began as general book publishers in 1969.  Since 1990, they have published the Chambers Guide to the UK legal profession. The USA Guide was first introduced in 2003. For more information about Chambers and Partners, visit

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