Goodwin Procter is picking up a pair of lawyers from Wilmer Cutler Hale Pickering & Dorr as signs point to a rise in corporate restructurings.
Andrew Goldman, chair of WilmerHale’s bankruptcy and financial restructuring practice, and Benjamin Loveland are joining Goodwin’s financial restructuring practice as partners in the New York and Boston offices, respectively.
Goldman will also serve as co-chair of the firm’s global financial restructuring practice, the firm announced on Tuesday.
Corporate restructuring activity has significantly increased in recent weeks thanks in part to the rise of artifical intelligence and stagnant interest rates. Chapter 11 bankruptcies have jumped 37% in the first quarter of 2026 compared with 2025.
“We are seeing way more activity than I think we saw probably in the last three years combined,” Goldman said in an interview with Bloomberg Law.
Goldman has advised clients for more than three decades on matters across the restructuring landscape, representing public company debtors, private company debtors, boards of directors of distressed companies among others in both out-of-court workouts and formal restructuring processes.
He represented Diamond Sports Group, a subsidiary of
Goodwin has “a great platform,” Goldman said. “This was an opportunity that would’ve been incredibly difficult to pass up,” he said.
Loveland works with companies, creditors, and debt investors in Chapter 11 proceedings and out-of-court restructurings.
Goldman said he and Loveland hope to “build strength on strength” in their move, bringing “a lot of the relationships that my partner and I have developed over 25 years at Wilmer and really take what is there and see if we can’t have one and one make three.”
WilmerHale is currently one of four law firms battling the Trump administration in court over executive orders targeting the firms. It is being represented by appellate star Paul Clement. Goldman said that the case and appeal played “zero role” in his decision to leave and that he is “quite proud” of the way the firm has handled the EO litigation.
“Andy is widely respected for his leadership on major restructurings, and Ben has built an impressive practice representing companies, investors, and other stakeholders on significant Chapter 11 matters,” Chris Nugent, co-chair of Goodwin’s private equity practice said in a statement. “Together they continue to bolster our platform.”
News of the hires come just a few weeks after Goodwin announced it would open a new office in Orange County with three litigators from Jones Day.
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To contact the editor responsible for this story: Alessandra Rafferty at arafferty@bloombergindustry.com
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