Brian Hermann is rated for his remarkable knowledge of Chapter 11 cases, complex restructurings and litigation.
Deputy chair of the restructuring department and a member of the firm’s management committee, Brian focuses on a range of restructuring and bankruptcy matters for both borrower and lender clients. He has extensive experience representing clients in complex out-of-court restructurings and Chapter 11 cases nationwide and across various industries and routinely represents clients in complex litigation arising out of Chapter 11. A member of the media, sports and entertainment group, he also has developed a sub-specialty working on a number of music, media and entertainment company restructurings and related matters.
Brian’s recent company experience includes advising Preferred Sands, Jack Cooper Ventures, Animal Supply, Expro Holdings and CGG, and his noteworthy creditor-side representations include advising key stakeholders in the restructurings of Toys “R” Us, Country Fresh, Gibson Brands, American Tire, Tidewater, Paragon Offshore, Sabine, Arch Coal, Texas Competitive Electric Holdings Company, Armstrong Energy, Nortek and General Motors. Brian is currently representing the California Public Utilities Commission in the Chapter 11 cases of PG&E Corporation and its primary operating subsidiary, Pacific Gas and Electric Company, California’s largest investor-owned public utility and the largest public utility in US history to file for bankruptcy relief. Brian also represented the Commission in PG&E’s previous Chapter 11 case, including in related litigation and appeals, from which PG&E emerged in 2003.
Brian is recognised by Chambers USA, The Legal 500, The Best Lawyers in America and Super Lawyers in the area of bankruptcy and corporate restructuring. Clients praise him as “masterful with his clients and in his strategy”, drawing attention to his “very commercial thinking and very strong technical skill.” Brian was recognised as a 2018 “Thought Leader” in restructuring and insolvency by Who’s Who Legal. Brian is also listed as a featured dealmaker in The Deal’s “Bankruptcy Law Firm Power Rankings” of individual lawyers.
Brian advised an ad hoc committee of senior secured noteholders in the successful Chapter 11 reorganisation of Gibson Brands, which was recognised as the Turnaround Management Association’s Mid-Size Company Transaction of the Year (2019) and Private Debt Investor’s Distressed Deal of the Year (2018). Brian was named in American Lawyer’s 2018 “Dealmaker of the Year” for his work representing French oilfield services company CGG in its Chapter 11 cases, among the largest restructurings in French history and the first ever successful coordination of a French sauvegarde proceeding with a US Chapter 11 case. The Financial Times commended Brian in its 2015 “Innovative Lawyers” report for his work advising Preferred Sands in connection with its out-of-court restructuring.
Brian serves on the Practicing Law Institute’s bankruptcy and creditor rights advisory committee and writes frequently on bankruptcy issues. He co-authored, with fellow Paul, Weiss bankruptcy partner Alan Kornberg, the “USA” Chapter of The Strategic View – Corporate Restructuring (Global Legal Group). Brian has also published numerous articles, including “New Strategies for Getting Paid: Recent Investment Fund Activity in Chapter 11” (Global Restructuring Review), “Bankruptcy Reforms and the High Net Worth Debtor” (New York Law Journal), “Recording Artists, Beware!” (New York Law Journal) and “Deciphering Dana” (The Deal, “Judgment Call”).