The American Lawyer Names Nancy Mitchell a “Dealmaker of the Year”March 24, 2021
FOR IMMEDIATE RELEASE
NEW YORK—March 24, 2021—The American Lawyer has named O’Melveny partner Nancy Mitchell to its prestigious 2021 “Dealmakers of the Year” list.
The exclusive awards honor lawyers who advised on the most impressive and significant matters during the prior year. The American Lawyer noted that 2020 was “a year unlike any other” and that the honorees “overcame unusual obstacles to deliver for their clients.”
Mitchell, a partner in O’Melveny’s Bankruptcy & Restructuring Practice, was recognized for leading the team assembled by California Governor Gavin Newsom to develop a legal and regulatory plan to right the state’s teetering electric utilities in the wake of the state’s deadly wildfires. The work led to legislation Newsom signed into law that created a groundbreaking fund to stabilize the investor-owned utility market in California and provided a framework for PG&E Corp. to emerge from Chapter 11.
“Following the deadliest and most destructive wildfire in California’s history, PG&E Corp… sought bankruptcy protection in January 2019 after amassing $30 billion in liabilities from the blaze. This was no ordinary bankruptcy case… After more than a year-and-a-half of negotiating, Mitchell and her team ultimately developed a $59 billion reorganization plan,” wrote The American Lawyer.
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