Interview with Thomas Gagossian

Thomas Gagossian, a Companion at BBLM Avocats has given us an perception into the internal workings of their restructuring division and the numerous roles inside this. BBLM Avocats has grown in numbers and experience over time with a robust involvement of their instances as Thomas informs us they take care to grasp their shoppers’ wants, to offer them with glorious options. On this interview one can find trade information and recommendation for firms who might have skilled help from the restructuring division.

Thomas, you’re employed throughout the restructuring division of BBLM Avocats, are you able to clarify to us what the roles for this division embody and what obligations you maintain?

The restructuring division is made up of three companions: Bernard Bouquet, Remy Gomez and myself, in addition to Mahe Vicente and Sophie Mateo. The division works for native and nationwide SMEs and ETIs. We have now labored, steadily together with different companies, with Bourbon, SNCM, Alteo, Minelli and Alinéa, amongst others. Most of our work is on the debtors’ facet, however we additionally work alongside funding funds, each upstream in amicable proceedings and within the context of insolvency proceedings. Bernard Bouquet is among the founders of the agency and has additionally had a extremely recognised follow in company. Rémy Gomez started his profession with Maurice Lantourne, a really well-known French lawyer, and I began out in financing earlier than in a short time turning to restructuring. We cowl all of the side of a restructuring matter and in addition litigation points associated to this matter.

For my part, the important thing phrase is anticipation. It’s indeniable that the earlier difficulties are handled, the larger the probabilities of success.

Your division is made up of three companions, together with you and two associates, how does your workforce dynamic work, are you able to inform us the way you utilise everybody’s expertise inside your division and the way working with a better, extra intimate workforce may be helpful?

Contained in the workforce, we do not need a set sample for allocating and managing instances, and we work indifferently with any explicit member. We encourage dialogue referring to the issues encountered throughout the instances and attempt to be as agile and adaptable as attainable in response to the wants and developments of the initiatives.

What recommendation would you give an organization which is dealing with issue and will must restructure, how ought to they deal with this?

For my part, the important thing phrase is anticipation. It’s indeniable that the earlier difficulties are handled, the larger the probabilities of success. Managers typically have a really poor picture of out-of-court procedures, equating them with insolvency procedures, and are due to this fact reluctant to make use of them, on the expense of efficient dealing with of their difficulties.

What’s it that units BBLM Avocats other than different legislation companies and the way has the agency superior over time, what constructive adjustments have you ever witnessed to create a fair higher agency for the shoppers?

BBLM began with 4 attorneys and we now have greater than 50 attorneys and round 70 general. We wish to proceed to develop however in a coherent, thought of approach and by creating synergies with the only real goal of constant to fulfill the present and future wants of our shoppers. One of many parts of our DNA is robust involvement in instances and understanding of our shoppers’ wants by making an attempt to offer essentially the most complete options attainable. Clients anticipate agility and responsiveness within the options supplied to them and understanding of their challenges and potential dangers. We due to this fact attempt to be inventive whereas remaining pragmatic and in line with the shopper’s scenario. It might sound commonplace however that is our core worth.

Are you able to inform us a few time you labored on a undertaking and have been in a position to assist the shoppers efficiently restructure their enterprise, what’s the key issue to an organization having the ability to get well?

As talked about above, one of many keys to the success of a file is the anticipation past, I might say that it’s essential to get transparency within the exchanges with our shopper and a excessive responsiveness of its groups. We all know that these tough instances are a supply of pressure for the supervisor and his groups however we should be capable to undertake a disaster group whereas not destabilizing the operational exercise of the corporate.

The assist of a lawyer specialising in restructuring can be basic to the success of the case, as she or he will be capable to information you thru the strategic and authorized choices.

Do you typically must work with different departments inside BBLM Avocats and the way do you effectively work with different groups to safe a constructive consequence in your shoppers?

Dealing with instances involving a number of departments is a part of the agency’s tradition. We have now a company, employment legislation, tax, litigation, business legislation, mental property and competitors and distribution division. Both on the outset, we’re in a position to mobilise totally different departments if needed, or through the course of a case, relying on a particular want, one other division is ready to act rapidly. This allows the client to acquire all of the solutions required by his case in a unified and coordinated method.

How ought to an organization defend and put together themselves earlier than having to succeed in out for assist to restructure and what are the errors that administrators typically make when failing to recognise their want for skilled recommendation?

As soon as once more, anticipation is essential, and managers should rapidly draw the mandatory conclusions from warning indicators. Managers typically suppose that choosing this sort of process is an admission of failure, when quite the opposite it is extremely typically the suitable answer to short-term difficulties. The assist of a lawyer specialising in restructuring can be basic to the success of the case, as she or he will be capable to information you thru the strategic and authorized choices. Lately, on the finish of a gathering with some banking companions, the supervisor mentioned to me “I’ve simply realised how helpful and helpful the assist of a lawyer is. If I’d been by myself, I wouldn’t have handled my difficulties”…”

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