The chairs of Cadwalader, Wickersham & Taft’s financial restructuring department are decamping to O’Melveny & Myers to lead that firm’s practice.

John Rapisardi and George Davis, former cochairs of Cadwalader’s global financial restructuring department, and former Cadwalader partner Peter Friedman will join O’Melveny in the next few days. Rapisardi, a Law Journal columnist, who was a member of Cadwalader’s management committee, and Davis are based in New York, while Friedman is in Washington, D.C.