Michael Wiles spent decades as a partner at the highly respected law firm of Debevoise & Plimpton. This New York City law firm was his work home for many years, and also home to NYC power lawyers like Sean Hecker and others. Wiles will be leaving the firm in order to serve as a judge. He is the newest appointment to the U.S. Bankruptcy Court. This court serves as a court for the Southern District of New York. The very prestigious court is a federal appellate court that helps set various kinds of laws pertaining to finance in the New York City region for both people and companies.
The new judge will replace James Peck. Peck left the court and retired from it in 2014 in order to join private practice. He is presently at the law firm of Morrison & Foerster, advising clients about fiscal matters. This is an entirely new legal challenge for Mr. Wiles. The new judge joined the firm of Debevoise & Plimpton right after graduating from a law school. His work there began in 1989. It was at that point that Wiles developed an interested in bankruptcy law.
His clients at the firm have included many major businesses such as American Airlines. He has also represented various other companies throughout the course of his long years at the law firm. Recent clients of his include work the Lehman Brothers company and assisting clients who sued in the aftermath of the Bernard Madoff fraud case.
Wiles will find much to challenge him at this court. This particular appellate court is one of the busiest in the entire nation. In the last three decades, this court has been on the forefront of bankruptcy law, seeing a large percentage of the nation’s filings in this area. Nearly twenty percent of all large scale corporate bankruptcy cases have come in front the court, leaving members to help set bankruptcy laws for the entire country.
Mr. Wiles is expected to serve a standard fourteen year term on the court. Judges on this type of court are appointed for that period of time. Unlike judges in the district court system, they are not confirmed by the Senate nor do they serve on the court for life. Wiles is expected to help shape bankruptcy law as the courts move forward. His expertise in this area should aid his fellow judges and allow them to make wise decisions about this area of law.