Wiley Rein has bolstered its bankruptcy and financial restructuring practice with the addition of a lateral attorney.
George Pitts, formerly a partner at Dickstein Shapiro in Washington, joins Wiley Rein with the same title. He focuses his practice on representing debtors, financial institutions, financing companies, franchisors, creditors’ committees, trustees, the Federal Deposit Insurance Corporation and the Resolution Trust Corporation.
In an interview, Pitts said he welcomed the opportunity of a fresh start at his new firm.
"I think there are challenges in the legal market generally and even in the bankruptcy field. Clients are looking for a cost effective way of achieving their objective," Pitts said. "Particularly today, the client needs to have the benefit of a full range of options because one size does not fit all."
At Wiley Rein, Pitts said his practice may shift toward representing more creditors. In the past, his practice has ebbed and flowed between representing creditors and debtors. Pitts said that it can be tricky to avoid conflicts, but that he's been fortunate enough to do so.
"I want to reach out to certain creditor groups to whom I think I could offer services," Pitts said. "If you're experienced on the debtor side, those experiences can be good on the creditor side."