Lorraine McGowen is a lead restructuring partner joining clients on the front lines of their
recovery crisis and investment strategies with entrepreneurial enthusiasm and a
true passion for innovation.
than 25 years,
our clients’ challenges and chances for recovery in the most difficult
situations. She sees through the morass
of legal and financial distress to discover the best
strategies for returns and growth.
financial institutions, syndicated lender groups, creditor committees and other
parties from the U.S., Europe, Asia and Africa who
their recovery or reduce exposure.
including financially distressed companies. She
with auditors, government regulators, investment bankers and others, and
develops and implements mediation and litigation strategies, and negotiates
reorganization plans and complex corporate and finance documents.
is the lead bankruptcy attorney representing Toyota and
its subsidiaries in the highly complex global restructuring of Takata
Corporation and its subsidiaries, one of the world’s largest manufacturers and
distributors of automotive safety systems, including airbags. Takata’s restructuring was implemented
through in-court bankruptcy proceedings in the U.S. and Japan, and out-of-court
in Europe, China, and other jurisdictions.
Toyota was one of the largest creditors in the proceedings, with claims
allowed against Takata in excess of $7 billion.
engagements include representing
financial institutions in connection with the restructuring of Puerto Rico’s
$72 billion indebtedness, representing
multinational bank syndicates in connection with the restructuring of major
toll roads, the acquisition of a $6 billion toll road by an Australian firm,
representing financial institutions, municipalities and others in the global
Lehman insolvency proceedings, and representing
South African company in connection with its $3.4 billion acquisition of a
mineral sands business.
leading advocate for diversity and inclusion (D&I) in
the legal profession and creates programs for women, people of color and LGBTQ
attorneys. She is a mentor, sponsor and chair
global D&I Initiatives. For Lorraine, and for Orrick, D&I is not
just the right thing to do. Providing
our clients with diverse teams is simply good business: diverse teams are more creative,
collaborative and successful.
two terms of service on the firm’s 11-member Board of Directors and currently co-leads Orrick's Automotive Technology & Mobility group. She previously
chaired Orrick’s Restructuring Group. She is on the Board of Directors of The New
York Lawyers for the Public Interest and of the Institute for Inclusion in the
Legal Profession, the Board of Legal Advisors for Legal Outreach in New York
City, and the Advisory Committee for the Vance Center for International
was selected as one of Savoy Magazine’s Most Influential Black Lawyers for 2018
and 2015, and received Legal Outreach’s Pipeline to Diversity 2017 Champion
Award and the New York City Bar Association Diversity and Inclusion 2012
Champion Award. IFLR 1000 Rankings named Lorraine a leading lawyer in the
U.S. She was selected by Direct Women to
be a 2016 Board Institute member. She
is a frequent speaker and author on bankruptcy and insolvency
and diversity and inclusion.