FacultyFaculty/Author Profile
Rachel C. Strickland

Rachel C. Strickland

Willkie Farr & Gallagher LLP

New York, NY, USA


Rachel C. Strickland is a partner and Co-Chair of the Business Reorganization & Restructuring Department and a member of the firm’s Executive Committee. She focuses on advising distressed companies in complex chapter 11 cases and out-of-court restructurings. Rachel also advises financial and strategic investors looking to maximize recoveries or acquire a distressed target.

Rachel represents debtors in large, complex, chapter 11 cases and out of court restructurings. Clients in this area have included Broadview Networks, Inc., Rural/Metro Corporation, LandAmerica Financial Group, Inc., Journal Register Company, Ampex Corporation, International Outsourcing Services, Teksid Aluminum, Adelphia Communications, Verestar, Inc., Mosler, Inc., Hechinger Investment Company, The Multicare Companies, AMF Bowling Worldwide, and USinternetworking. 

Rachel also regularly represents hedge funds and Private Equity Firms, such as Appaloosa Investment L.P., Senator Investment Group, Pardus Capital Management, Caspian Capital, Royal Bank of Scotland, Citadel Investment Group, Greywolf Capital Management, Genii Capital and Twin Haven Capital, in their capacities as investors, lenders and creditors of distressed entities. She also represents creditors and other stakeholders, investors, acquirers and lenders in chapter 11 cases and non-judicial restructuring matters. Such clients have included American Express, CMA CGM, Fortent, Inc., Space Systems Loral, AFA Polytek, and Fidelity National Financial.

Rachel is ranked as a leading Bankruptcy and Restructuring Law practitioner in New York by Chambers USA (2009-2017).  She was also the subject of a 2010 article in The Deal entitled "Dynamism of Bankruptcy." In 2015, Turnaround & Workouts Magazine recognized Rachel for her lead role representing the Debtors in the precedent-setting restructuring of Momentive Performance Materials, which was featured on the publication’s listing of the most successful restructurings of 2014.

Recognition, Honors & Awards

  • Successful Restructuring of Momentive Performance Materials Featured Among Turnaround & Workouts’ Top Restructurings of 2014
  • Euromoney Legal Media Group Nominates Willkie for Six 2014 Americas Women in Business Law Awards
  • Turnarounds & Workouts – Outstanding Young Restructuring Lawyers - 2013
  • Turnarounds & Workouts – Outstanding Young Restructuring Lawyers - 2012

Education

New York University School of Law, J.D., 1998

Michigan State University, B.A., 1994

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