Norman Pernick heads the Wilmington, DE office of Cole, Schotz, Meisel, Forman & Leonard, P.A. and is Co-Chair of the firm's Bankruptcy & Corporate Restructuring Department. Norm practices many aspects of bankruptcy and workouts, primarily representing debtors, but also represents creditors’ committees, secured and unsecured creditors, and trustees. Norm has served as lead debtor's counsel in numerous major Chapter 11 cases, including Leslie Controls, Ritz Camera Centers, Cadence Innovation, J.G. Wentworth, Fedders Corporation, Barzel Industries, BNA Subsidiaries, and Owens Corning. Norm is a Fellow of the American College of Bankruptcy. He is the author of the Bankruptcy Deadline Checklist, which is published by the Business Law Section of the American Bar Association. Norm is very active in community activities, and is currently the Chair of the Boards of Directors of Downtown Visions and Wilmington Main Street, which are the umbrella organizations for a community-wide effort to revitalize downtown Wilmington, Delaware.
Chambers USA, America’s Leading Lawyers For Business, The Client’s Guide, a nationally and internationally recognized ranking derived from extensive client and peer interviews and reviews, describes Mr. Pernick as follows:
“The ‘outstanding ’ Norman Pernick receives nothing but the highest praise from clients and peers alike. He is noted for his company and creditor-side work and receives acclaim for his ‘practical, businesslike approach ’ and fine negotiation skills.” 2014 Edition
"Norman Pernick cochairs the department and is widely acknowledged for his work on Chapter 11 cases. He is leading the team in the Tribune Company bankruptcy. Sources say he is 'a brilliant strategist,' and that he is 'always available' and 'extremely knowledgeable in the bankruptcy arena.' 2013 Edition.
"Department co-chair Norman Pernick is an excellent debtor's expert who comes highly recommended, particularly for advising mid- to large-sized businesses. He 'has an effective feel for the Delaware bankruptcy judges and is effective in court,' say sources." 2012 Edition.
“Group chair Norman Pernick’s capability in large bankruptcy proceedings is underscored by his role in matters such as the Tribune Company work mentioned above. He is praised for his ‘down-to-earth’ character, which he combines with ‘a breathtakingly effective ability to bring people together and get a deal done.’” 2011 Edition.
“Group co-chair Norman Pernick is hailed as a leader of the bankruptcy Bar. He is highly esteemed for his work as co-counsel on large matters and impresses sources with his ‘ability to view issues from multiple angles to ensure the highest-value result is attained by clients.’" 2010 Edition.
"Norman Pernick is widely acknowledged as 'a gifted problem solver'." 2009 Edition.
"He gained significant recognition for the Owens Corning case - this served to bolster his already established reputation, founded on a historical legacy of 'good vision, understanding, a substantial grasp of all the key issues and the provision of direct, practical advice'." 2008 Edition.
"Norman Pernick really proved himself on the Owens Corning case. His role at the center of this earned him a wider following due to his ‘results-oriented and savvy style'." 2007 Edition.
"Clients pinpointed the 'top class' Norman Pernick. A 'sure-fire leader', Pernick has been involved in the Owens Corning case and is respected for his experience of acting as lead counsel to companies in Chapter 11 proceedings." 2006 Edition.
"He has 'a good sense of what the court will do and how to maneuver in his clients' best interests'. With expertise as lead counsel to companies in Chapter 11, he has a 'strong sense of integrity, excellent communication skills' and the ability to 'use his personality as a tool'." 2005 Edition.
"Clients say that his success is built on being 'a consensus builder; he is a good strategic planner and does an excellent job of predicting what the court will and won't do'." 2004 Edition.
"The firm's reputation for bankruptcy work is inextricably linked with that of its star individual, the 'sharp and practical' Norman Pernick. A 'superior strategist,' Pernick was lauded by peers for his 'solid client relationships' and ability to 'drive a deal'." 2003 Edition.
Norm was appointed by Chief Judge Anthony Scirica of the U.S. Court of Appeals for the Third Circuit to serve on the 2005 Merit Selection Committee for Bankruptcy Judgeship Vacancies in the District of Delaware. He is a former member of the Delaware Board of Bar Examiners, having been appointed by the Supreme Court of the State of Delaware. He has been and continues to be active in the American Bar Association Business Law Section, the American Bankruptcy Institute, the American College of Bankruptcy, and the Delaware State Bar Association Bankruptcy Law Section.
Norm is frequently asked to speak and write on issues impacting the bankruptcy community and is the author of the Bankruptcy Deadline Checklist, a primer of bankruptcy deadlines published by the ABA Business Law Section. He served as the Co-Chair of the December 2004 and June 2005 Mealey’s Asbestos Bankruptcy Conferences. Norm is a former member of the U.S. Panel of Chapter 7 Trustees for the District of Delaware, and a former Delaware representative to the Third Circuit Bankruptcy Conference.
The George Washington University School of Law, J.D., with honors, 1984
Brandeis University, B.A., magna cum laude with high honors, 1981
As published in: Reuters Legal By Nick Brown October 9, 2013
As published in: Delaware Online May 12, 2013
As published in: Delaware Online April 6, 2013
As published in: Law 360 August 17, 2011
As published in: Law 360 August 17, 2011
May 19, 2015
As published in: Best Lawyers August 18, 2014
Seventeen attorneys and four practice areas in three states make prestigious list May 23, 2014
August 15, 2013
May 24, 2013
Norton Journal of Bankruptcy Law and Practice December 1, 2013Norman L. Pernick, Therese A. Scheuer and David R. Hurst
American College of Bankruptcy, Circuit Review Edited by Professor Margaret Howard, Washington and Lee University 2013 EditionNorman L. Pernick
Data Trace Publishing Company California LLC Forms and Practice Manual, Chapter 18 2013Norman L. Pernick and Patrick J. Reilley
Corporate Live Wire's Expert Guide: Bankruptcy & Restructuring March 12, 2013Norman L. Pernick, Therese A. Scheuer and David R. Hurst
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