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Sheryl L. Toby

Member

The intersection of business and the law, of practical advice and creative solutions, is where you'll find Sheryl Toby.

Whether guiding manufacturers through novel and complex operational, procurement, and supply chain issues or protecting her clients' interests in bankruptcy and restructuring matters, Sheryl delivers the skilled counsel that consistently leads to positive, cost-effective business outcomes.   

In both traditional and advanced technology manufacturing, Sheryl works closely with purchasing groups, in-house legal, finance, and other business teams to develop effective strategies that address the full spectrum of supply chain challenges they face daily. By utilizing her legal skills and daily hands-on experience in the manufacturing arena, she seeks to help clients find business solutions to the legal challenges raised. 

Sheryl's experience spans matters like the development of unique collaborative agreements in advanced vehicle manufacturing, front-end procurement, contracting best practices, as well as addressing "stop-ship," financially troubled suppliers, and other litigation threats.

She is often called upon to strategize with and lead experts in various disciplines to address unique challenges companies face in highly regulated industries. Her ability to quickly identify the root cause of disruptions facilitates equally swift mitigation of the risks they pose, saving her clients time, money, and frustration.

As a prominent bankruptcy and restructuring attorney, Sheryl is known for her creativity and tenacity on behalf of creditors, debtors, and lenders who find themselves addressing precarious financial situations. She has decades of experience as lead counsel in numerous significant bankruptcy cases throughout the country.

Sheryl is also a frequent speaker and media consultant in her fields.

“When supply chains face disruptions, the ripple effects can be felt immediately as well as months or years later. I endeavor not only to contain the damage when problems arise but also put the structures and practices in place that can insulate my clients from future turmoil. I utilize the same business-oriented approach in financial distress matters.”
    • Wayne State University Law School, J.D., cum laude, Order of the Coif, Law Review
    • Michigan State University, B.A.

  • Bar Admissions

    • Michigan, 1986

  • Court Admissions

    • U.S. Court of Appeals, 6th Circuit, 1986
    • U.S. District Court, Eastern District of Michigan, 1986
    • U.S. District Court, Western District of Michigan, 1986
    • U.S. Supreme Court, 1996

    • Named as one of 38 women in the United States to Euromoney’s "Women in Business Law Expert Guide 2022" for Restructuring and Insolvency

    • Named to "Lawdragon 500 Leading U.S. Bankruptcy & Restructuring Lawyers," 2020, 2022, 2023, and 2024

    • Recognized in The Best Lawyers in America® for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law and Bankruptcy Litigation, 2007-Present

    • Recipient of the 2021 TMA Detroit Award for Henry Ford Village

    • Named a Michigan Leading Lawyer in the areas of Bankruptcy & Workout: Commercial and Creditor's Rights/Commercial Collections Law by the Leading Lawyers Network, 2014-2017. Law Bulletin Publishing Company
    • Named a Top Lawyer by dbusiness Magazine for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization and Bankruptcy Litigation, 2010-2013, 2015-2016, 2018
    • Recognized in Michigan Super Lawyers®  for Business/Corporate, Bankruptcy: Business, and Creditor Debtor Rights: Business, 2007-2008, 2010-Present
    • Recipient of an AV® Preeminent™ Rating by Martindale-Hubbell, 2013
    • Bar Register of Preeminent Women Lawyers, Martindale-Hubbell, 2011
    • Selected as one of Crain's Detroit Business' "40 Under 40"
    • Honorable mention as one of the country's Outstanding Young Bankruptcy Professionals by Turnaround and Workout Publications
    • Featured in Insolvency & Restructuring Section of the Guide to the World's Leading Women in Business Law
    • Recipient of Martindale-Hubbell® AV® Preeminent™ Peer Review Rating

    • ABA Section of Business Law, Co-Chair of Business Transactions Subcommittee, 2014-Present

    • American Bankruptcy Institute Board of Directors, Education Committee, 2008-2012
    • ABI Commercial Fraud Task Force Committee, Co-Chair, 2007 and 2008
    • American Bankruptcy Institute Central States Division Conferences, Program Chair, 2004-2008
    • International Women's Insolvency/Restructuring Confederation Member, Michigan Network, Founder and Former Chair of Local Chapter

    • American Bar Association, Use and Disposition of Property Subcommittee of the Business Bankruptcy Committee, Vice-Chair

    • Detroit Metropolitan Bar Association, Section of Debtor/Creditor, Vice-Chair, 1997-1998

    • United States Bankruptcy Court, Eastern District of Michigan, Advisory Committee, Member, 1997-1998

    • American Bar Association, General Practice Section, Vice-Chair, 1992-1993

    • Federal Bar Association
    • Turnaround Management Association
    • State Bar of Michigan

Contact

Bloomfield Hills248-203-0522

Latest News and Insights

Articles5.23.25

“Saving Smaller Middle Market Business: A Perspective”

Sheryl Toby co-authored the Association of Insolvency & Restructuring Advisors (AIRA) Journal…

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Speaking Engagements4.30.25

Automotive Industry: Driving Through Uncertainty

Sheryl Toby will serve as a featured speaker for the panel, "Automotive Industry: Driving Through…

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Press Releases8.15.24

216 Dykema Lawyers Listed in The Best Lawyers in America® 2025 and Best Lawyers “Ones to Watch”

Dykema, a leading national law firm, announced today that 216 of its attorneys, in multiple practice…

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