David R. Seligman

David Seligman is a partner in the Restructuring Practice Group who concentrates in all aspects of U.S. and worldwide corporate restructurings and insolvency proceedings. He has extensive experience advising large publicly-and privately-held U.S. and multinational corporations and their boards in complex domestic and international restructuring matters, both in and out of court. David also advises buyers and lenders in complex distressed situations and insolvency planning matters, as well as trustees, administrators and creditors committees, in all types of bankruptcy and insolvency proceedings. David's experience is broadly across all industries, with particular focus on transportation, energy, financial institutions, gaming, technology and real estate.

David is a frequent lecturer and author on restructuring matters, having spoken at conferences sponsored by the American Bankruptcy Institute, the Association of Insolvency and Restructuring Advisors, the Turnaround Management Association, the Chicago Bar Association, the National Conference of Bankruptcy Judges and the Ontario Bar Association, among others. David also has taught several advanced restructuring courses at the NORTHWESTERN PRITZKER SCHOOL OF LAW, University of Chicago’s Graham School, NYU Law School, Dartmouth College’s Tuck School of Business, and York University’s Osgoode Hall Law School. David served on the Advisory Committee for Labor and Benefits Issues as part of the 2013 ABI Commission to Study the Reform of Chapter 11.

Described as “amazing” and “a great lawyer and tireless,” David has been recognized as a leading restructuring lawyer in Chambers USA, America’s Leading Lawyers for Business every year since 2006. In recent editions, sources noted "he is highly respected," "he is very bright" and "he is a very practical lawyer." In other recent editions, Chambers acknowledged him as “well known and respected" and “outstanding to deal with and has a great command of the Bankruptcy Code and relevant case law." In 2019, Who’s Who Legal described David as “a distinguished name at the firm,” and someone who “continues to impress market sources with his deep understanding of Chapter 11 restructurings.” In 2015, sources commended David for being "calm under pressure, solution-oriented and extraordinarily responsive." Chambers has noted that clients find him to be “a thoughtful attorney,” “particularly effective when considering highly complex legal matters,” and “able to communicate those complex matters to his clients in a way that those issues can be understood and acted upon by boards.” Previous editions praise David as a “smart, professional problem solver” who possesses “extraordinary knowledge and responsiveness” and “can answer any question fired at him off the top of his head.” Best Lawyers named David the 2018 Lawyer of the Year for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law in Chicago. Lawyer of the Year recognitions are awarded to individuals with the highest overall peer feedback for a specific practice area and geographic location. Only one lawyer is recognized as the Lawyer of the Year for each specialty and location. David also has been recognized for his successful representations in large corporate restructurings, including for: North American Petroleum (“Energy Deal of the Year” at the M&A Advisor 2012 Turnaround Awards); Calpine Corporation (one of Turnarounds & Workouts' “successful restructurings of 2007”); and United Airlines (Turnaround Management Association’s (Chicago/Midwest) 2006 Large Turnaround of the Year).