Deryck Palmer is the firmwide leader of Pillsbury’s Insolvency & Restructuring practice. He has extensive experience advising domestic and multinational clients on out-of-court workouts, corporate restructurings and bankruptcy cases in a broad range of industries including financial services, healthcare, construction, real estate, energy, and manufacturing. Clients describe Deryck as “an outstanding adviser” and “a sharp and creative attorney," with “a depth of experience that only a few can match,” as noted in Chambers Global and Chambers USA.
Deryck has handled some of the largest and most significant matters in the country during the past three decades, including LyondellBasell Industries, Apollo Health Street, and Citibank in the Lehman Brothers chapter 11 case. Recently, Deryck led the team that helped engineering services firm Berger Group Holdings Inc. create a first-of-its kind reciprocal investment structure that enabled the restructuring and recapitalization of the privately held firm while also preserving senior managers' ownership and control. The work was recognized by Financial Times for "innovation in legal expertise" and by M&A Advisor as the 'Restructuring Deal of the Year.' He was one of the lead counsel to the U.S. Treasury Department in the General Motors restructuring, and was the lead counsel for the Detroit School System, the sixth largest school district in the country, where he guided one of the most successful out-of-court municipal restructurings.
Chambers recently noted that Deryck has built “a great international profile,” and has been “at the forefront of many of the largest and most complex recent US and international insolvencies, and routinely advises clients with interests in Europe, Asia, Latin America and Africa.” For over 10 years, Deryck served as a foreign advisor on United States bankruptcy law to the Chinese government and was instrumental in the drafting of the PRC Enterprise Bankruptcy Law, and was an International Law Institute delegate to the UNCITRAL Working Group V (Insolvency Law), advising on the development of an international model insolvency structure.
Recognized by Turnarounds and Workouts as one of the nation's top "Outstanding Bankruptcy Lawyers," Deryck is active in the American Bankruptcy Institute and the Turnaround Management Association. He is also active in the American Bar Association's Business Bankruptcy Committee and is a member of both the New York State Bar Association Committee on Bankruptcy and Committee on Courts and the Community. He is a former member of the Committee on Bankruptcy and Corporate Reorganization of the Association of the Bar of the City of New York and former Co-Vice-Chair of the American Bar Association's Healthcare Working Group.
Deryck lectures at many major law schools nationwide and has been an Adjunct Professor of Law at New York Law School, teaching advanced topics in bankruptcy and corporate reorganization. He is the author or co-author of multiple articles and three books, The PRC Enterprise Bankruptcy Law: The People's Work in Progress, History of Bankruptcy Law in the Second Circuit and Restructuring: The Search for Value in a Troubled Enterprise. In addition, he delivers numerous lectures each year on business reorganization topics, including an annual American Bar Association panel concerning current developments in the field.
Deryck is a member of the Bureau of National Affairs Advisory Board for the Bankruptcy Law Reporter and sits on the Board of Directors for Greater New York Councils Boy Scouts of America, Syracuse University, College of Mount Saint Vincent.
Deryck received the Chancellor's Citation for Exceptional Achievement from his alma mater, Syracuse University, which recognizes outstanding contributions in scholarship, research, teaching, and creative work. He is also a Fellow of the American College of Bankruptcy, an honorary association of highly-regarded bankruptcy academics, jurists and professionals.
- Chambers USA, Bankruptcy/Restructuring—National (2012-2014, 2016), Bankruptcy/Restructuring—New York (2007-2016)
- Chambers Global, Bankruptcy/Restructuring—USA (2014-2015)
- Best Lawyers in America, Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, Workouts and Restructurings, Litigation—Bankruptcy (2011-2016)
- Legal 500 US, Insolvency & Restructuring (2014-2015)
- The International Who's Who of Bankruptcy Lawyers
- Super Lawyers