Home > News & Events > Rightsizing the Right Way: Restructuring and Realignment in Higher Education

Rightsizing the Right Way: Restructuring and Realignment in Higher Education

September 24, 2014

In recent months, fluctuations in the economic, political, and regulatory landscape have led many in the higher education community to contemplate various forms of rightsizing, ranging from minor faculty and facility reductions to complete campus closure and reorganization.

An upcoming webinar will discuss the unique challenges higher education face when contemplating restructurings, chief among them their inability to utilize the tools available in Chapter 11 without the loss of crucial Title IV funding.

The complimentary webinar, “Rightsizing the Right Way: Restructuring and Realignment in Higher Education,” will take place September 30 at 2 p.m. EST.  The presentation will examine restructuring, reorganization, teach-outs, and similar rightsizing options, and focus on how these options can be used deliberately and appropriately to ensure the longevity and success of an institution and its students. The presenters will examine the historical stigma in this sector associated with bankruptcy and restructuring (which can direct or delay decision-making to the detriment of the institution and its students and stakeholders), and discuss how institutions that successfully manage rightsizing will be best positioned to serve their students and stakeholders, to unlock value, and to take advantage of future opportunities.

The presenters will also discuss possible legislative fixes that, if implemented, could lead to a healthier and more financially stable industry.

Aaron D. Lacey, Thompson Coburn LLP
Aaron is a partner in Thompson Coburn's Higher Education practice and editorial director of REGucation, the firm's higher education law and policy blog. An experienced higher education attorney, with time served both as outside and in-house counsel, Aaron's practice is dedicated entirely to assisting postsecondary institutions and their partners to advance their educational and operational objectives while navigating complex regulatory environments.
Joseph H. Smolinsky, Weil, Gotshal & Manges LLP
Joseph is a partner in Weil’s Business Finance and Restructuring Department. His practice focuses on providing restructuring advice and strategy to borrowers, lenders, investors and creditors.

Carol Flaton, Managing Director Zolfo Cooper, LLC
Carol is a managing director of Zolfo Cooper, a leading international provider of corporate advisory and restructuring services. She has more than 25 years of experience in restructuring, banking and finance across an array of industries, including higher education