Mark J. Shapiro, a managing director who formerly led Lehman's restructuring team, will head the group.
With more than 100 professionals, Lazard's restructuring team is one of the biggest in the banking industry.
He adds significant depth to our restructuring team and will help us drive our stature in the restructuring business to a new level.
Yet at group headquarters, a member of the restructuring team spoke of the inevitability of what he politely called the "disaffiliation" of one fraternal company after another.
Laura Barlow, who currently heads up the restructuring team for the UK and US within GRG, has been appointed as head of RBS's restructuring division with immediate effect.
Richard J. Lieb, the head of the firm's financing advisory and restructuring team in North America, will assume Mr. Buckalew's former role as the head of North American corporate advisory.
In spite of the rancor, Dewey's restructuring team, led by Joff Mitchell of the advisory firm Zolfo Cooper, has made substantial progress in winding down the law firm in its nine months in bankruptcy.
The corporate restructuring team from PwC said it was hopeful that it will be able to pay all the outstanding wage arrears but that this was dependent on accessing funds to pay for the costs of the business.
