{"id":676,"date":"2021-05-18T14:00:00","date_gmt":"2021-05-18T14:00:00","guid":{"rendered":"https:\/\/novo.i3proto.com\/?p=676"},"modified":"2026-05-06T23:18:54","modified_gmt":"2026-05-06T23:18:54","slug":"novo-advisors-opens-philadelphia-office-and-adds-mediation-practice-headed-by-former-biglaw-partner","status":"publish","type":"post","link":"https:\/\/www.novo-advisors.com\/staging\/2021\/05\/novo-advisors-opens-philadelphia-office-and-adds-mediation-practice-headed-by-former-biglaw-partner\/","title":{"rendered":"Novo Advisors Opens Philadelphia Office"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>PHILADELPHIA, May 18, 2021<\/strong> \u2014 Novo Advisors, a premier Chicago-based turnaround consulting firm, today announced that restructuring and bankruptcy attorney and mediator\u00a0<a data-type=\"bio\" data-id=\"628\" href=\"https:\/\/www.novo-advisors.com\/staging\/bio\/claudia-z-springer\/\">Claudia Z. Springer<\/a>\u00a0has joined the firm. In addition to starting <a data-type=\"link\" data-id=\"https:\/\/www.novo-advisors.com\/staging\/service\/dispute-resolution\/\" href=\"https:\/\/www.novo-advisors.com\/staging\/service\/dispute-resolution\/\">Novo\u2019s mediation practice<\/a>, Ms. Springer will head up the firm\u2019s expansion into Philadelphia, a new market for Novo, which currently has offices in Chicago, Denver, New York, and Atlanta.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cClaudia is a creative thinker, a great listener, is extremely thoughtful and comes up with creative solutions to resolve conflicts,\u201d said Sandeep Gupta, Founder &amp; Managing Partner of Novo. \u201cIn 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.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ms. Springer brings with her over four decades of experience in financial conflict resolution.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cNovo is a seasoned financial partner and a perfect complement to my skills,\u201d said Springer. \u201cMuch 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.\u201d<\/p>\n\n\n<div class=\"lazyblock-novo-quote-2crA6a wp-block-lazyblock-novo-quote\"><div class=\"custom-post-block-quote\">\n  <img decoding=\"async\" src=\"https:\/\/www.novo-advisors.com\/staging\/wp-content\/uploads\/2023\/09\/quote-open.svg\" class=\"cpb-quote-icon\">\n  <p class=\"quote-white\">I am delighted to join the firm and look forward to helping clients with their challenges.\u201d<\/p>\n  <div class=\"cpb-divider\"><\/div>\n  <p class=\"attribution\">Claudia Z. Springer<\/p>\n  <p class=\"attribution-details\"><\/p>\n<\/div><\/div>\n\n\n<p class=\"wp-block-paragraph\">Novo Advisors is a business transformation partner \u2014 specializing in restructuring and performance improvement \u2014 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, Novo Advisors focuses on businesses generating between $25 million and $1 billion in revenue.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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\u2019s leading insolvency and corporate restructuring attorneys by&nbsp;<em>Chambers USA: America\u2019s Leading Business Lawyers<\/em>&nbsp;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\u2019s top restructuring and bankruptcy lawyers by&nbsp;<em>America\u2019s Best Lawyers<\/em>&nbsp;and&nbsp;<em>America\u2019s Best Business Lawyers<\/em>&nbsp;and is a Pennsylvania Super Lawyer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAfter 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,\u201d Springer said. I am delighted to join the firm and look forward to helping clients with their challenges.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">About Novo Advisors<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Novo Advisors specializes in business turnaround and performance improvement focusing on the middle market ($50 million \u2013 $1 billion in revenue annually). As businesses hit critical inflection points, Novo provides expertise and a fresh perspective to navigate these challenges. Through immersion, listening, and analysis, the team works to understand a business and tailor solutions to drive sustainable change. The Novo team, drawn from top-tier firms, combines extensive experience in financial planning, data analytics, and operational roles. With a commitment to collaboration and high standards, Novo Advisors consistently achieves optimal outcomes for its clients.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"># # #&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Media Contact:<\/strong><br>Novo Advisors<br><a href=\"mailto:media@novo-advisors.com\">media@novo-advisors.com<br><\/a>(312) 961-2565<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHILADELPHIA, May 18, 2021 \u2014 Novo Advisors, a premier Chicago-based turnaround consulting firm, today announced that restructuring and bankruptcy attorney and mediator\u00a0Claudia Z. Springer\u00a0has joined the firm. In addition to starting Novo\u2019s mediation practice, Ms. Springer will head up the firm\u2019s expansion into Philadelphia, a new market for Novo, which currently has offices in Chicago, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[9],"tags":[19,22],"class_list":["post-676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-novo-updates","tag-claudia-z-springer","tag-novo-advisors"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Novo Advisors Opens Philadelphia Office - Novo Advisors<\/title>\n<meta name=\"description\" content=\"Restructuring and bankruptcy attorney and mediator\u00a0Claudia Z. 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