Overview
Restructuring partner Lindsay Barca is joining McDermott Will & Schulte, strengthening the firm’s distressed practice as private equity sponsors face mounting portfolio company refinancings. Her arrival follows partner Gregg Galardi‘s recent hire and signals the firm’s positioning for complex, billion-dollar reorganizations.
Lindsay brings dual-sided experience that is particularly valuable in today’s market: she has represented creditor groups in billion-dollar restructurings while also guiding debtors through contested Chapter 11 cases involving mass tort liabilities and operational turnarounds. This perspective allows her to anticipate moves from all stakeholders – a critical advantage when sponsors need to protect equity value or creditor groups are negotiating recovery strategies.
“Private equity sponsors increasingly need restructuring counsel who can see around corners – who understand both how to position a portfolio company for the best outcome and how creditor groups will likely respond,” said Gregg Galardi, global co-head of McDermott’s Business Restructuring Group. “Lindsay has successfully managed billion-dollar capital structure challenges across healthcare, consumer, manufacturing, and technology sectors. Having worked with her previously, I know she brings the exceptional commercial judgment and execution capabilities that sponsors demand when valuations are under pressure and time is short.”
Lindsay’s track record includes some of the market’s most sophisticated and high-stakes restructurings. She represented a major orthopedic device manufacturer through a sale process while managing over $350 million in debt and billions of dollars in alleged tort liabilities. In another matter involving a cosmetics company, she helped resolve $870 million in funded debt while untangling complex licensing arrangements.
“The complexity of restructurings has intensified – we’re seeing more special situations involving mass torts, regulatory overlays, and competing stakeholder groups,” said Lindsay. “McDermott gives me the ability to work seamlessly with deeply experienced finance, M&A, and private equity teams – which is exactly what these mandates require. Sponsors don’t want siloed advice; they need integrated counsel that understands both the deal dynamics and the restructuring outcomes.”
Lindsay strengthens McDermott’s ability to serve sponsors through different entry points in the distressed cycle – whether providing early-stage liability management advice, representing debtors in Chapter 11, advising DIP lenders and plan sponsors, or working with creditor groups seeking optimal recoveries. Her experience spans Chapter 11 reorganizations, out-of-court workouts, distressed M&A, and cross-border insolvencies. Lindsay joins the New York office.
The Restructuring Practice Group includes more than 50 lawyers across New York, Dallas, Chicago, Miami, Wilmington, Atlanta, London, Paris, and Düsseldorf, working closely with the firm’s broader transactions, finance, and private equity teams to guide clients through distressed situations globally.
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