Will Gunston is a Partner and Head of Restructuring & Insolvency at Osborne Clarke. He specialises in debt and corporate restructurings, contingency planning, and insolvency.

Will has advised on a significant number of high-profile restructurings and insolvencies including Bonmarché, Carillion, Edinburgh Woollen Mill, Everest, Mothercare, Peacocks, Petroplus, Thomas Cook, and Wirecard.

He advises banks and other financial institutions on debt and corporate restructurings; directors on their duties and responsibilities of companies in financial difficulty; investors on distressed acquisitions and disposals, loan-to-own strategies, and solvent reorganisations; and, insolvency practitioners and other turnaround professionals in restructuring and insolvency related assignments.

Will's approach is collaborative and solution-focused. He has advised on a wide range of sectors including hotels and leisure, retail, charities, construction, pharmaceuticals, manufacturing and energy. Assignments often involve advising on cross-border issues.

Will is on the Editorial Board of Corporate Rescue and Insolvency, LexisNexis.

...a favourite with clients for the service he delivers and the advice he provides 'in a bespoke manner'" with an "expertise in bank-led restructurings"

Chambers and Partners

The Legal 500 highlights Will's role in advising the liquidators of BHS (retail insolvency with debts of £1.3bn). He was part of the team that advised "at the forefront of the high-profile collapse of Carillion plc". 

Helping you succeed in tomorrow's world

The nature of the assignments I'm involved in often involve coordinating numerous stakeholder interests with the aim of maximising transaction outcome and mitigating risk. Client decision-making is under increasing scrutiny and so keeping abreast of the new legislation and case law is key to navigating a path through contingency options and challenging financial pressures.

Thomas Cook

Advised a FinTech payment supplier and an IT supplier in relation to contingency planning in connection with the company's compulsory liquidation. Advised both clients on the continued supply of key services to the company following compulsory liquidation.


Advised the administrators of the women's high street fashion retailer on continued trading following administration and on the disposal of the business and assets as a going concern. Read more >