Cooley’s global business restructuring practice has achieved recognition in the Large Company Turnaround/Transaction category at the 2025 Turnaround and Transaction of the Year Awards, as presented by the Turnaround Management Association (TMA).

The recognition highlights Cooley’s role advising Yardi Systems, a leading global software corporation, in connection with WeWork’s emergence from Chapter 11 and the completion of its global operational and financial restructuring. The award also reflects the firm’s continued leadership in complex, high-impact transactions. The complex engagement required strategic coordination across jurisdictions and disciplines to support a successful turnaround for one of the most high-profile restructurings in recent years.

Moreover, this marks the second consecutive year that Cooley’s restructuring team has been honored by TMA, following last year’s recognition for its representation of Lucira Health in that company’s Chapter 11 bankruptcy case.

Read the full list of winners

The Turnaround and Transaction of the Year Awards are selected through a rigorous peer-review process led by the TMA Awards Committee, which evaluates each nominated case for innovation, collaboration and measurable outcomes.

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