Angela Libby named to Bloomberg Law’s “40 Under 40” list
Davis Polk partner Angela Libby has been named to Bloomberg Law’s “They’ve Got Next: The 40 Under 40” list. The annual list recognizes the accomplishments of stellar young lawyers nationwide who elevate, innovate, and serve their clients and communities.
The award highlights her work from 2023 and 2024, during which Angela represented bondholders holding over $3 billion of claims against the holding company of Silicon Valley Bank when the bank dramatically collapsed. During the Chapter 11 case, the bondholders enabled a successful sale of the remaining operating business by effectively serving as a stalking horse bidder. She then negotiated the terms of a liquidating trust to monetize the company’s extensive warrant portfolio and pursue a $2 billion deposit claim against the FDIC, with proceeds distributed to creditors on a “waterfall” basis, based on seniority, and agreed rates of return, which resolved intercreditor valuation disputes and led to a consensual plan. She currently represents the liquidating trust, including with respect to the deposit claim litigation.
Additionally, in 2025 Angela represented the lenders to MSG Networks in connection with a comprehensive restructuring, necessitated by increased commercial pressures on regional sports networks. She successfully led a multi-party negotiation that resulted in a restructured business plan for MSG Networks, concessions from all stakeholders and a restructuring of the company’s balance sheet going forward. She was able to accomplish the restructuring entirely out-of-court, which allowed the company to avoid the costs of an in-court process and preserved significant value for our clients.
In her profile, Angela discusses the most important lesson she learned as a first-year attorney, how she defines success, what she is most proud of, and her greatest mentors. “I am proud just to be a lawyer! As the first in my family to get a high school diploma, let alone go to college or law school, I never could have imagined that I would be in the position that I am in now,” she said. “As a woman partner in a field with still too few woman leaders, I am proud to be part of a group of women partners across various practice groups in the restructuring world that are coming up in their careers and who, individually and collectively, are going to be powerful leaders in our industry.”