Matthew Warren (left) and Roger Schwartz of King & Spalding. (Courtesy photos)

Two Latham & Watkins partners have jumped to King & Spalding, as the firm works to expand its financial restructuring team.

Roger Schwartz and Matthew Warren joined King & Spalding's corporate, finance and investments group as partners and will be based in the firm's New York and Chicago offices, respectively, the firm said Monday.

“Both of us know King & Spalding well and have admired their commitment to growing their financial restructuring practice,” Warren said.

Schwartz added: “It's about being part of the growth and expansion to the practice that King & Spalding have committed to here, not just nationally but also globally.”

The pair's move comes just a month after Peter Montoni, the former associate general counsel of private equity firm Antares Capital, joined King & Spalding's financial restructuring team.

“The arrival of Roger and Matt reinforces the firm's commitment to make aggressive and coordinated investments in our financial restructuring team,” said Todd Holleman, who leads the firm's corporate practice.

Schwartz and Warren said they were excited by King & Spalding commitment to being an industry leader as the practice is reshaped by different trends, including a faster filing pace for bankruptcies and an increased number of out-of-court restructurings.

Warren said he is especially eager to join King & Spalding's two-year-old office in Chicago.

“They've built a fantastic team out of the gate in Chicago,” he said of the Atlanta-based firm.

Schwartz was a partner at Latham for nearly a decade, representing public and private investors and companies in an array of restructuring matters, including bankruptcy-related acquisitions, sales and financing. Before joining Latham & Watkins, Schwartz was a senior in-house counsel at General Electric Capital Corp.

Warren specialized in transactional matters and insolvency issues as a member of Latham's restructuring, insolvency and workouts practice since 2008.

Schwartz and Warren said it is too early to tell whether their existing clients will join them at King & Spalding but that they look forward to introducing them to the firm as they transition into their new positions.

Latham didn't immediately respond to a request for comment on the departures.