Stephen D. Lerner

USA: Ohio

Squire Patton Boggs
221 E. Fourth St., Suite 2900
Cincinnati, OH 45202
United States

Tel: +1 513 361 1220
Fax: +1 513 361 1201


Stephen Lerner is chair of our Restructuring & Insolvency Practice Group. He has an extensive national and cross-border restructuring practice in which he represents debtors, committees of unsecured creditors, secured and unsecured creditors, equity interest holders and acquirers of troubled businesses in Chapter 11 reorganization cases, Chapter 15 cross-border cases, Chapter 9 municipal restructurings and out-of-court restructurings throughout the United States.

Stephen has led the representation of clients in the Chapter 11 bankruptcies of AmFin Financial, Station Casinos, Chrysler, Enron and EaglePicher, among many others, and he represented the Court Appointed Expert in the City of Detroit’s historic Chapter 9 case. Recently, Stephen led Squire Patton Boggs’ representation of the American College of Bankruptcy in filing an amicus brief with the United States Supreme Court in the significant Stern related case of Executive Benefits Insurance Agency v. Peter H. Arkison, Trustee of the Estate of Bellingham Insurance Agency, Inc.

Squire Patton Boggs’ restructuring and insolvency lawyers are recognized globally for their expertise and success in representing financial institutions, distressed companies, insolvency practitioners, creditors’ committees, investors, and strategic and financial buyers of troubled companies.

Squire Sanders has more than 90 restructuring and insolvency lawyers in 27 offices across 15 countries in the United States, the UK, Europe, Asia, and Central and South America. The strength and diversity of our practice across the globe mean we always act quickly and can be onsite anywhere in the world, with the capacity and experience to deal with multisite restructurings and insolvencies.

We are also experienced in complex cross-border insolvency matters (in particular under the EC Regulation on Insolvency Proceedings), representing parties in insolvency proceedings with US and UK ties and related proceedings in Belgium, France, Germany, Italy, the Netherlands, Poland, Spain, Switzerland, Brazil, Venezuela, Singapore and Hong Kong.

Most restructuring engagements are highly complex and require a significant amount of creativity, so we work with our clients and their financial professionals to develop strategies that advance their business interests and preserve and create value. We frequently coordinate our efforts with other Squire Sanders practice groups such as corporate finance, banking, capital markets, property, construction and planning, environmental, health and safety, labor and employment, pensions, intellectual property, litigation, and tax and benefits.

Our lawyers are recognized authors, serving as editors of and contributors to major textbooks in the field of restructurings, speaking at national and international conferences, serving on boards of directors of organizations such as the American Bankruptcy Institute, as well as being senior members of organizations such as R3 – the Association of Business Recovery Professionals and the Insolvency Lawyers’ Association. Four of our partners are Fellows of the American College of Bankruptcy.

We combine sound legal counsel with a deep knowledge of our clients’ businesses to resolve their legal challenges. We care about the quality of our services, the success of our clients and the relationships that are forged through those successes.

Breadth and Depth

Our client base spans every type of business, both private and public, worldwide. We advise a diverse mix of clients, from Fortune 100 and FTSE 100 corporations to emerging companies and from individuals to local and national governments. In the private sector, we provide the full range of legal advice required to implement practical strategies and resolve disputes. In the public sector, we counsel governments on privatization of whole industries and on establishment of regulatory systems under which new private businesses can compete. We also serve the regional needs of the countries and cities we call home.

Whatever is needed, we are able to deliver the seamless cross-practice, cross-border and industry-specific support that clients require for success in today’s competitive markets.

Client Focus

Clients expect knowledge of their business as well as high-quality legal skills from their law firms. Our combination of legal and industry experience allows us to better analyze client requirements and develop the right approach for the matter at hand. Clients receive tested insight and guidance from a team that understands their needs and is able to offer tailored solutions.

We are dedicated to our clients’ success, and their satisfaction shows it. We continue to advise successor organizations of clients that we represented at our formation some 120 years ago.

Business Has No Borders

With 44 offices located in 21 countries on five continents, our global legal practice is in the markets where our clients do business. We also have strong working relationships with independent firms in Europe and Latin America.

Our extensive practice and industry knowledge is shared via one of the most robust technology platforms in the legal business, as well as ongoing rotation of lawyers to our offices around the world. In addition, we apply knowledge- and project-management tools to implement continual business process improvements and enhance the value of our legal services.

Outstanding Value

We emphasize quality, efficiency and alignment with client goals as core standards to improve continually our service delivery and the value of what we do for our clients. We encourage and manage processes and tools to improve pricing models, training and resource optimization, knowledge management and more, all centered on our core focus – delivering the services our clients want, when and where they want them and with the value they deserve.


“The “outstanding” Stephen Lerner is a highly regarded bankruptcy expert who “instills trust and confidence” in his clients. He has extensive experience with Chapter 11 and 15 proceedings and out-of-court workouts.”
Chambers USA, 2015