Klestadt Winters Jureller Southard & Stevens

What Klestadt Winters Jureller Southard & Stevens does

Klestadt Winters Jureller Southard & Stevens, LLP is a New York-based boutique commercial law firm founded in February 1995 by Tracy Klestadt after his tenure with LeBoeuf, Lamb, Greene & MacRae's bankruptcy group. The firm operates as a privately held limited liability partnership with 12 attorneys — 8 partners and 4 associates — and maintains offices in Midtown Manhattan, Carle Place on Long Island, and Hackensack, New Jersey.

The firm delivers legal services across three integrated practice areas: Bankruptcy & Corporate Reorganization (Chapter 7, 11, and 15 representations for debtors, creditors' committees, trustees, secured and unsecured lenders, and asset acquirers), Commercial Litigation (business, commercial, and bankruptcy litigation in federal and state courts, including fraud, valuation, IP, securities, and contract disputes), and Business Transactions & Finance (corporate structuring, secured loans, M&A, licensing, and commercial agreements). Partners also serve as court-appointed bankruptcy trustees, examiners, plan administrators, receivers, and registered mediators, embedding the firm within the SDNY/EDNY bankruptcy ecosystem. The firm has handled matters for clients including Dowling College, New York City Opera, Dreier LLP, China Fishery Group, Tender Loving Care Health Care Services, and The Great Atlantic & Pacific Tea Company (A&P).

The business model is a traditional professional-services structure: direct attorney-client engagements billed primarily on an hourly basis with monthly invoicing, supplemented by fiduciary fee appointments and litigation outcomes. There is no technology platform, no self-serve product, and no external capital. Client acquisition is driven by professional reputation, court appointments, peer referrals, third-party rankings (Martindale-Hubbell, Chambers and Partners, Super Lawyers, Lawdragon, Best Lawyers), published articles, and conference speaking. Geographic reach is concentrated in the New York metropolitan area and adjacent New Jersey market, with engagements spanning higher education, arts, manufacturing, healthcare, retail, and legal-services sectors.

Name

Klestadt Winters Jureller Southard & Stevens

Legal name

Klestadt Winters Jureller Southard & Stevens, LLP

Website

https://klestadt.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Klestadt Winters Jureller Southard & Stevens is a New York–based boutique commercial law firm with 12 attorneys specializing in bankruptcy, corporate restructuring, commercial litigation, and business transactions for institutional, corporate, and individual clients across the New York and New Jersey markets.

Ownership category

akta.pro rank

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Legal Services - Professional Fees: Traditional law firm revenue model based on professional service fees. Attorneys provide legal representation in bankruptcy, restructuring, and commercial litigation matters. Fee structures likely include hourly billing and potentially contingency or fixed fee arrangements depending on matter type.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Klestadt Winters Jureller Southard & Stevens, LLP is a boutique commercial law firm that provides specialized legal representation in Bankruptcy & Corporate Reorganization, Commercial Litigation, and Business Transactions and Finance. The firm's attorneys serve as counsel for debtors, creditors' committees, trustees, secured and unsecured lenders, and asset acquirers, handling Chapter 7, 11, and 15 cases, complex commercial disputes, and middle-market corporate transactions.

Product overview

Klestadt Winters Jureller Southard & Stevens, LLP is a boutique commercial law firm offering three integrated legal service lines: Bankruptcy & Corporate Reorganization (handling Chapter 7, 11 and 15 cases for debtors, creditors, committees and trustees), Commercial Litigation (representing clients in federal and state court matters including fraud, valuation, IP and securities cases), and Business Transactions and Finance (counseling on corporate structures, financing, acquisitions and commercial agreements). The three practice areas work together to serve clients across distressed financial situations, dispute resolution and transactional matters.

Differentiator

Problem solved

Functional benefit

Products and services

• Bankruptcy & Corporate Reorganization Legal representation and counsel in Chapter 7, 11, and 15 bankruptcy cases, including representation of debtors, creditors' committees, trustees, secured/unsecured lenders, equipment vendors, trade creditors, and asset acquirers, with services spanning preference litigation, complex dispute mediation, conflicts counsel, and court-appointed fiduciary roles. Intended for enterprises, institutional creditors, and nonprofit organizations in distressed financial situations.
• Commercial Litigation Business, commercial, and bankruptcy litigation services in federal and state courts, covering complex motions, trials, appeals, mediation, and arbitration in matters involving fraud, valuation, business disputes, intellectual property, securities, contracts, insurance (including D&O and malpractice), and real estate. Intended for corporations and individuals involved in complex commercial disputes.
• Business Transactions and Finance Transactional legal services including drafting and negotiating corporate organizational documents, secured loans, financing arrangements, sales and purchase agreements, licensing, franchise agreements, employment agreements, and business reorganizations. Intended for middle-market businesses and business owners seeking pragmatic, cost-effective legal counsel.

Quantifiable outcome

• Creditors recovered 100% of their claims plus interest in Tender Loving Care Health Care Services Chapter 11 case
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves1 record

Expansion highlights4 records

Direct peers

• Hahn & Hessen LLP: Mid-sized New York bankruptcy and restructuring boutique representing debtors, creditors, committees, and trustees in commercial bankruptcy cases — closely comparable scale and practice focus.
• Morrison Cohen LLP: New York-based full-service firm with established bankruptcy, restructuring, and commercial litigation practices serving middle-market and institutional clients, directly comparable in market positioning.
• Togut, Segal & Segal LLP: Premier New York bankruptcy and restructuring boutique with a similar partner-led model representing debtors, creditors' committees, and trustees in Chapter 11 matters across the SDNY and nationally.
• Mintz & Gold LLP: New York bankruptcy and commercial litigation boutique focused on debtor/creditor matters, restructurings, and complex commercial disputes — closely comparable boutique model.
• Otterbourg P.C. New York commercial law firm with a strong bankruptcy, creditors' rights, and commercial litigation practice representing lenders and financial institutions in distressed situations.
• Cole Schotz P.C. Mid-Atlantic regional firm with a substantial bankruptcy, restructuring, and commercial litigation practice including a strong New York presence; comparable multi-office boutique-to-mid-size profile.
• Windels Marx Lane & Mittendorf LLP: New York-based commercial law firm with a significant bankruptcy, restructuring, and commercial litigation practice; comparable in size and overlapping client base in the NY metro bankruptcy bar.

Regional players

• Sills Cummis & Gross P.C. New Jersey-based commercial law firm with a strong bankruptcy and restructuring practice; comparable in practice focus but operating primarily in a different geography (NJ) from the firm.

Broad incumbents

• Lowenstein Sandler LLP: National full-service firm with a top-tier bankruptcy, financial restructuring, and creditors' rights practice that competes for similar Chapter 11 engagements at larger scale.
• Kelley Drye & Warren LLP: Larger established New York-based firm with a long-standing bankruptcy and restructuring practice serving corporate debtors, creditors' committees, and trustees, but operating within a broader full-service platform.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Klestadt Winters Jureller Southard & Stevens