Hill Buzz Blackett, III

Of Counsel

350 Sansome Street Suite 800
San Francisco, CA 94104
T: 415.834.3800
F: 415.834.1044

Website: friedmanspring.com


  • J.D., University of California, Hastings College of the Law, 1977
  • B.A., Dartmouth College, 1973 with distinction


  • Bankruptcy
  • Commercial Transactions


Buzz Blackett’s principal area of practice is commercial lending, with a focus on creditors’ rights and restructuring matters. 

Buzz is a frequent lecturer and has lectured for the California Continuing Education of the Bar, Professional Education Systems, Inc., ExecSense, and the National Business Institute.  He was a panelist at the Commercial Financial Services Committee of the ABA Business Law Section meeting in November 2005, speaking on "Agri-Business Collateral"  and spoke on commercial lending documentation at a seminar hosted by Lorman Education Services in August 2006.  He is a co-author, with Ellen Friedman, of Chapter 5 “Remedies” and Chapter 9 “Legal Opinions” in Secured Transactions in California Commercial Law Practice (CEB 2001).

Buzz served as chair and co-chair of the State Bar of California Uniform Commercial Code Committee from 1997 to 1998, and chair and co-chair of the Intellectual Property Subcommittee from 1994 to 1996.  He was adjunct professor of law at the University of San Francisco from 1982 to 1983. He is a member of the Boards of Directors of the Anne Martin Center and Camp Winnarainbow.

Prior to joining Friedman & Springwater, Buzz was a partner at Murphy, Weir & Butler, Murphy, Sheneman, Julian & Rogers and of counsel at Winston & Strawn LLP. He began practicing law as an associate in the Chicago office of Sidley Austin LLP. He is a member of the State Bar of California.



  • Represented the largest unsecured creditor and chaired the creditors committee in a Chapter 11 bankruptcy of a national consumer-electronics retail chain. 

  • Represented a private-label credit card provider in many retail bankruptcies throughout the country.

  • Represented several guarantors in connection with the restructuring of over $450 million in securitized loans relating to more than 200 apartment buildings in San Francisco held by more than 30 limited partnerships.  This matter involved senior debt, junior debt, the bankruptcy of certain entities, foreclosures on certain real property, restructuring of debt, as well as litigation in state and federal courts.

Commercial Transactions

  • Represented lenders, as agents, in numerous senior-secured syndicated financing transactions with credit facilities ranging from $5 million to $100 million.  The financings included a combination of term loans and revolving loans as part of front-end transactions and complex restructurings.  The transactions involved a variety of collateral, including basic hard-asset collateral, intellectual property collateral, agricultural collateral and collateral located internationally.  Many of the deal structures required addressing intercreditor and stockholder issues, with deals often including numerous guarantors, domestic and international. 

  • Represented online mortgage lender in dissolution and wind down of its operations and negotiation of liquidation with its lender. The matter involved in excess of $300 million.

  • Represented manufacturing company with a major initiative in China to establish a new entity in a Chinese province. This major undertaking required reviewing, drafting, and negotiating documentation with representatives in the United States and China.

  • Represented national bank and created portfolio of forms relevant to a guaranteed loan product.

  • Represented online lender in a securitization. This was a complex transaction involving in excess of $300 million in loans. 


  • Panelist, "Agri-Business Collateral" Presentation at the Commercial Financial Services Committee of the ABA Business Law Section meeting, 2005.

  • Author, "What Supreme Court Rulings on Adequate Protection and the Absolute Priority Rule Means to Creditors," 1 Banking Law Review 47, Spring 1989.

  • Author, "When an LBO Goes Sour: Assessing the Fraudulent Conveyance Risk in Leveraged Buy-Outs," 1 Banking Law Review 35, Winter 1989.

  • Author, "Supreme Court Rulings Settle Major Issues for Secured Creditors," 1 Banking Law Review 48, Summer 1988.

  • Co-author, "Federal Tax Liens," Illinois Institute for Continuing Legal Education’s Creditors’ Rights in Illinois program, 1980.

  • Articles Editor, Hastings Law Journal, 1977, University of California, Hastings College of the Law.

  • President, Board of Directors, Ann Martin Center, a non-profit organization dedicated to improving the lives of at-risk children, youth, and their families in Alameda County by providing psychotherapy, educational therapy, and diagnostic assessment.

  • Of Counsel, Board of Directors, Grid Alternatives, a non-profit organization empowering communities in need by providing renewable energy and energy efficiency services, equipment and training.

  • Speaker, “The Best Tips & Techniques for Bankruptcy Lawyers When Advising Clients on Loan Workouts in 2011” ExecSense Webinar.

  • Co-author, Blackett, Friedman, Transition Rules Under the Revised Division 9 of the UCC, CEB Case n'Point 1, (December 2000).

  • Co-author, Blackett, Friedman, Foreclosure Under Revised Division 9, CEB Case n' Point, (December 2002).

  • AV Preeminent Peer Review Rated by Martindale-Hubbell