Daily Bunkruptcy Review Small-Cap November 14, 2008
   
 Mover of the Week  Networking

 

 
Early Interest In Bankruptcy Forged Sleeper's Path
By Rachel Feintzeig
A selected listing of recent appointments and announcements in U.S. bankruptcy law practice, compiled by Dow Jones' Daily Bankruptcy Review Small-Cap staff.
   

     Eric Sleeper is a rare breed of bankruptcy lawyer - the kind that didn't stumble into the industry by accident.

     Many bankruptcy attorneys get their start after being assigned on cases that slowly become intertwined with a Chapter 11 or even meeting an inspiring mentor in the field. But Sleeper, a new partner at Barton, Barton & Plotkin L.L.P, caught the bankruptcy bug early on simply by taking classes at Emory University School of Law.

     His immediate attraction to the topic was a sentiment he said many of his peers didn't seem to share at the time. "It's the rare student that comes out wanting to do bankruptcy work," he said. "Most sudents run for the hills."

     But instead of being deterred by the often complex and detailed minutia of the Bankrutcy Code, Sleeper found the topic interesting and decided the practice area was a good fit. "I knew that I liked both the litigation side as well as the transactional side of law, and bankruptcy is a nice blend of both," he said.

     After working at a firm that dabbled in bankruptcy matters during the summer, Sleeper became editor-in-chief of the Emory's Bankruptcy Developments Journal, which he described as one of the only student-run journals of its kind in the country. "[I] obviously got to know bankruptcy law a little bit more from the inside." he said of the experience of running the journal, which came out twice each year. Each issue featured four to six scholarly articles covering a variety of topics related to bankruptcy and restructuring.

     The role gave Sleeper opportunities to interact with influential bankruptcy experts, including David Epstein, who began his tenure as dean of Emory's law school just as Sleeper started his stint as editor. Sleeper had another role model in the form of his older brother, who practices bankruptcy law.

     In Sum, Sleeper's experiences, mentores and innate interests pushed him into the world of bankruptcy law soon after law school graduation. He worked for firms such as Anderson Kill & Olick P.C. in Manhattan and Herrick, Feinstein LLP in Princeton, N.J., before joining Barton, Barton & Plotkin in September.

     Sleeper has been charged with helping to orchestrate the firm's new interdisciplinary "financial crisis opportunities team," designed to help clients such as hedge funds and private equity take advantage of challenging economic times.

     "The way you get yourself out these holes is to focus on the opportunities and develop new businesses, new investments from what has otherwise become a weakening set of market indicators," he said. "Hopefully at the end of the day it will allow a lot of these distressed situations to turn around rather than liquidate or collapse fromt he weight of their own debt." DBR

Russell Davendorf has been named senior vice president and chief financial officer of WCI Communities Inc. Davendorf will officially begin his role with the homebuilder, currently under Chapter 11 protection, on Dec. 1. Previously vice president of finance for Heritage Homes Corp., Davendorf has also worked for Tousa Inc., another builder currently in bankruptcy. He is a certified public accountant and a certified treasury professional.

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John D. Baumcartner has joined the bankruptcy and restructuring practice at LECG as a principal. Baumgartner has worked for boutique consulting firms, large public accounting firms and investment banks during his career and has more than 14 years of experience with topics such as valuation, financial advisory services and securities analysis. He earned his undergraduate degree from Rhodes College and his MBA from Rice University.

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David Turnball has been appointed to lead Seabury Group LLC's new Hong Kong subsidiary, known as Seabury Aviation & Aerospace Asia. Turnbull, who is also executive chairman of Pacific Basin Shipping Ltd., served as director of Allco Finance Group from July 2006 to March 2008. Seabury, which provides restructuring services for the aviation industry, is currently assisting Frontier Airlines and Midwest Airlines with their reorganization efforts.

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Daily Bankruptcy Review Small-Cap's
NETWORKING column welcomes news releases from those working in the corporate bankruptcy industry. The column will appear each Friday. Items for NETWORKING may be faxed to 202-862-8873.

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