Advisor to Firm
- Wind Down Management
HEDLUND HANLEY & JOHN
- Successfully negotiated termination of office lease
- Achieved full payment of debt and a capital contribution to firm partners
Hedlund Hanley & John was a nationally known law firm based in Chicago, comprised of approximately 10 partners and 15 associates whose specialty was complex litigation. The firm retained DSI to assist in the orderly wind down of the operations and liquidation of assets. DSI was able to successfully negotiate, on favorable terms, a termination of the office lease within the Willis Tower in Chicago, thus relieving the firm of any continuing obligation with respect to this liability. Further, DSI participated in the collection of accounts receivable and the sale of the firm’s personal property, ultimately enabling it to pay all of its debts in full and thereafter to make a significant capital distribution to the partners.