Founded in 1928, Cole Schotz is a notable law firm in restructuring and insolvency that has expanded nationwide and grown to over 180 attorneys. The restructuring and insolvency team represents sponsors, debtors and creditors in Chapter 11 and Chapter 7 insolvency cases. It also represents debtors in out of court financial restructurings. Some of the firm's clients were in contention with global financial institutions, and some of the industries the firm acted in include pharmaceuticals and biotechnology.