O’Melveny Expands Bankruptcy & Restructuring Team with Leading Corporate Restructuring Lawyer Penelope Jensen
September 24, 2026
FOR IMMEDIATE RELEASE
NEW YORK—September 24, 2026— O’Melveny announced today that leading corporate restructuring lawyer Penelope Jensen has joined the firm’s New York office as a partner in the Bankruptcy & Restructuring Practice. Her arrival further expands O’Melveny’s formidable roster of restructuring practitioners and enhances the firm’s creditor-side and special situations capabilities.
Chambers USA, The Legal 500 US, Lawdragon, The Deal, and IFLR have all recognized Jensen as one of the nation’s top bankruptcy and restructuring lawyers. Over the course of nearly two decades, she has represented creditors and lenders—administrative agents, ad hoc and steering committees, and individual financial institutions—in an array of complex multijurisdictional bankruptcy and insolvency matters, including chapter 11 and chapter 15 proceedings and out-of-court restructurings. Jensen also advises bidders in distressed-asset sales. Her experience spans a wide range of industries that align with O’Melveny’s strengths and strategic priorities, including electric power, energy, and manufacturing.
Jensen comes to O’Melveny from the New York office of Linklaters, where she was a partner in that firm’s Restructuring & Insolvency Practice. She is the second lateral partner to join O’Melveny’s Bankruptcy & Restructuring Practice in just the past month—following the September 2 arrival of New York partner David Botter.
“We are delighted to welcome Penelope as the newest addition to our award-winning Bankruptcy & Restructuring team,” said O’Melveny chair Bradley J. Butwin. “Penelope has a proven track record of successfully guiding a wide range of stakeholders through distressed situations. Her deep experience representing banks and other large institutional creditors aligns well with our strategic objectives, and her impressive talent and enthusiastic approach make her a perfect addition to our firm. It is a pleasure to welcome her aboard.”
“I’m thrilled to join O’Melveny as I start this exciting new career chapter,” said Jensen. “Not only is O’Melveny’s Bankruptcy & Restructuring team renowned for providing superior client service, but the firm’s emphasis on thoughtful expansion and its commitment to promoting a genuine culture of collaboration were huge draws. O’Melveny is an ideal fit for my clients and my practice.”
Jensen’s addition continues O’Melveny’s strategic growth, marking the 57th lateral partner and 37th corporate partner to join the firm since 2023.
Jensen earned her J.D. from St. John’s University School of Law and her B.B.A. from Hofstra University.
About O’Melveny
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Contact:
Brandon Jacobsen
O’Melveny & Myers LLP
+1 213 430 8024
bjacobsen@omm.com
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