Gabriel Sasson of the Financial Restructuring Service Shares His Experiences in the Legal Industry and at Stroock
Gabe Sasson is a member of our Financial Restructuring Business Unit in our New York office. He joined our firm in 2010 after graduating from Fordham University School of Law.
Q. What is the primary focus of your practice?
A. My practice is concentrated in the area of financial restructuring, representing large corporate debtors, official committees of unsecured creditors, and bondholders in complex chapter 11 cases.
While the current restructuring climate remains slow, the Financial Restructuring Business Unit continues to be involved in numerous complex restructuring situations. Over the past year, I have been a part of the teams representing Trump Entertainment Resorts, Inc. in its chapter 11 cases in Delaware and an ad hoc group of noteholders in Allied Nevada Gold Corp.’s chapter 11 restructuring.
I am admitted to practice in New York and New Jersey, as well as the U.S. District Courts for the Southern and Eastern Districts of New York.
Q. What is the most challenging aspect of your profession?
A. The most challenging aspects of being a bankruptcy lawyer are actually what appeal to me the most: the intersection of various areas of the law and the speed within which most bankruptcy cases proceed. In each complex chapter 11 case I have been involved in over the past six years, I have applied various areas of the law, including corporate law, secured transactions, finance, ERISA, tax, mergers and acquisition, and litigation.
In addition to the intellectual challenges of applying various areas of the law, the fast-paced nature of the practice, combined with our clients’ day-to-day focus on our deals and the complexity of our cases, requires me to continuously think ahead and anticipate adversaries’ strategies.
Q. What mentor influences your work?
A. I began my career as a lawyer in our Financial Restructuring Business Unit and, over the past six years, have learned a tremendous amount from the partners and associates in the group. It is clear that each attorney in the group is invested in the development and future of the practice and is committed to training the young attorneys in the group. Although I have learned an incredible amount from all of the attorneys (and the paralegals) in the group, Kris Hansen, Brett Lawrence, Ken Pasquale, Erez Gilad, Jayme Goldstein, Andrew DeNatale and Dan Ginsberg have each, in their own particular way of mentoring and teaching, contributed a great deal to my understanding of the practice of law and development as an attorney.
In addition to those attorneys, I am extremely appreciative of the tutelage and guidance Judge Martin Glenn has provided to me during and following my clerkship in the Bankruptcy Court for the Southern District of New York.
Q. What advice would you give to an incoming first year associate?
A. Ask questions. As a newly minted attorney, you don’t know much, and those seasoned attorneys on your team don’t expect you to know much. That puts you in a great position – you can ask any question you want about anything and those senior to you will be more than happy to teach you. Asking questions and understanding a given assignment before you dive in benefits everyone. I specifically encourage junior associates to come back to me with questions, so they can complete an assignment to the best of their abilities.
Q. What are some of your most memorable professional experiences?
A. Although I have had a number of interesting and fulfilling jobs, including interning in the press office of the Israeli Consulate in New York and reporting on developments in money laundering for www.moneylaundering.com, my clerkship for Judge Martin Glenn in the Bankruptcy Court for the Southern District of New York was one of the greatest learning experiences of my career.
While clerking for Judge Glenn, I was lucky enough to work on some of the largest bankruptcy cases in the recent past, including those of Residential Capital, MF Global, Borders and Dewey & LeBouef. The clerkship provided me the opportunity to truly understand the Bankruptcy Code and Bankruptcy Rules, improve my writing, and learn a vast amount about trial practice and litigation.