Firm Gives $100,000 for Memorial Lecture Series at Fordham LawSeptember 16, 2009
Bridge Associates LLC, a noted turnaround and restructuring firm founded by the late Anthony H.N. Schnelling '89, has pledged $100,000 in support of the Anthony Schnelling Lecture Series in Commercial Bankruptcy at Fordham Law. Bridge's gift increases the lecture series fund to nearly a quarter-million dollars.
"Tony was a leading figure in the field of bankruptcy and corporate restructuring and also a leading alumnus of Fordham Law" said Dean William Michael Treanor. "His dedication to the Law School and his wisdom on our alumni board were remarkable, and he was a wonderful friend to me and to so many. We are truly grateful that his firm has honored him with this generous gift."
After earning an undergraduate degree at Swarthmore College and an MBA at Harvard University, Schnelling enjoyed a successful career reinvigorating his family's printing business before enrolling at Fordham Law at age 41. After graduating cum laude, he spent the next eight years practicing general corporate and insolvency law at Stroock & Stroock & Lavan in New York City. In 1997, Schnelling founded Bridge Associates, which provided a unique platform to showcase his entrepreneurial spirit and his commercial bankruptcy acumen.
Over the next decade, he built Bridge Associates into a leading professional services organization focused on providing financial advisory, crisis and interim management and litigation support services. His clients included numerous middle-market and Fortune 500 companies. As a nationally prominent advisor, Schnelling worked on a variety of high-profile cases such as Refco, Heilig-Meyers, and Conseco Finance. He also served as a trustee in a number of significant cases, leading the recovery of tens of millions of dollars for creditors. At the time of his death in July 2009, the firm had grown to include seven partners and 40 professionals in offices in seven U.S. cities.
"Tony’s mastery of the law and the 'art of the turnaround' were an inspiration to all—whether as allies or adversaries. His partners and associates are among the many who were beneficiaries of his passion and achievements, and we are honored to provide this gift of support to his lectureship series," remarked Carl H. Young III, Bridge’s Chairman and Co-Founding Member of the firm.
A Fellow of the American College of Bankruptcy, Schnelling served as Vice President of Development for the American Bankruptcy Institute and was a member of the organization’s Board of Directors. Following his death, the ABI Management Committee renamed the organization’s endowment fund The Anthony H.N. Schnelling Endowment Fund to recognize his distinguished leadership and devotion to research and education.
Schnelling served as an adjunct instructor at Fordham Law, Columbia University’s School of Business, and Rice University’s Jones Graduate School. He created the Anthony Schnelling Scholarship Fund at Fordham Law, which supports students who enter law school after being in the workforce for several years. He also served as a member of the Fordham Law Alumni Association’s Board of Directors.
Contact: Stephen Eichinger