Novo Advisors Opens Philadelphia Office and Adds Mediation Practice Headed by Former BigLaw Partner

Philadelphia, May 18, 2021. Novo Advisors, a premier Chicago-based turnaround consulting firm, today announced that restructuring and bankruptcy attorney and mediator Claudia Z. Springer has joined the firm. In addition to starting Novo’s mediation practice, Ms. Springer will head up the firm’s expansion into Philadelphia, a new market for Novo, which currently has offices in Chicago, Denver, New York, and Atlanta.

“Claudia is a creative thinker, a great listener, is extremely thoughtful and comes up with creative solutions to resolve conflicts,” said Sandeep Gupta, co-founder of Novo. “In the financial world, time is money and someone who can resolve disputes quickly is a benefit to all parties and will be a strong asset to our firm and to our clients.”

Ms. Springer brings with her over four decades of experience in financial conflict resolution.

“Novo is a seasoned financial partner and a perfect complement to my skills,” said Springer. “Much of the challenge in the financial space is assessing both current and future value and trying to predict outcomes. The combination of my legal skills and the financial expertise of my new colleagues will add value in both mediations and working with financially challenged businesses.”

Prior to joining Novo, Ms. Springer was a partner at Reed Smith for almost twenty years, where she practiced restructuring and bankruptcy law. She has been acknowledged as one of America’s leading insolvency and corporate restructuring attorneys by Chambers USA: America’s Leading Business Lawyers every year since its initial publication in 2003. She was one of the youngest inductees in the American College of Bankruptcy, where she served on its Board for two terms and currently heads up a committee. In addition, Ms. Springer has been recognized as one of the nation’s top restructuring and bankruptcy lawyers by America’s Best Lawyers and America’s Best Business Lawyers and is a Pennsylvania Super Lawyer.

“I am delighted to join the firm and look forward to helping clients with their challenges.”
~ Claudia Z. Springer

Novo Advisors is a business transformation partner — specializing in restructuring and performance improvement — offering middle-market clients big firm experience with boutique agility, and the opportunity to work with a team of seasoned, senior-level industry pros dedicated to delivering value every step of the way. Headquartered in Chicago and founded in 2012 by Gupta and Brandon Fosbinder, Novo Advisors focuses on businesses generating between $25 million and $1 billion in revenue.

“After working with Novo Advisors on several assignments while I was at Reed Smith, I saw how our mutual clients benefitted from their hands-on approach and constructive recommendations,” Springer said. I am delighted to join the firm and look forward to helping clients with their challenges.”

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For more information, contact Anupy Singla at (312) 961-2565 or info@novo-advisors.com.