Paul Hastings hires Milbank HY star and key Goldman client partner Schwartz
Paul Hastings has secured a significant coup for its high yield practice with the hire of Milbank Tweed Hadley & McCloy partner Peter Schwartz.
October 03, 2014 at 06:18 AM
2 minute read
Paul Hastings has secured a significant coup for its high yield practice with the hire of Milbank Tweed Hadley & McCloy partner Peter Schwartz.
Schwartz, who resigned from Milbank yesterday, is one of a handful of leading partners in the London high yield market, one of the most sought after sets of expertise for leveraged finance work, and a key reason behind the success of US firms in the City in recent years.
Among Schwartz's key banking clients are Nomura, Deutsche, Bank of America and Goldman Sachs, with which the New York-qualified partner has particularly close ties.
He will join Paul Hastings' corporate practice, where he will work on leveraged finance and capital markets matters, as well as restructurings and general compliance issues.
Edward Holmes, an associate in Paul Hastings' New York office, who advises on securities matters for both bank and issuer clients, is also relocating to London in the next few weeks and will work with Schwartz.
The hire is the third example of a major high yield partner in London to have moved in recent weeks.
In August, Simpson Thacher hired Weil Gotshal & Manges European head of high yield, Gill Strauss. The following month, Ropes & Gray high yield partner Jonathan Bloom exited for Jones Day.
For Schwartz, the move re-unites him with James Cole, the former head of Weil Gotshal & Manges' capital markets team, who joined Paul Hastings at the start of 2013.
Schwartz joined Milbank's global securities group from Weil in 2010, having made partner two years earlier.
The hire is also Paul Hastings' third senior lateral in London in the last year, following the hire of legacy SJ Berwin's real estate partner David Ryland, and Hogan Lovells' financial services partner Ben Regnard-Weinrabe in June.
Does your firm support mobile working? Complete this Legal Week survey for a chance to win an iPad Air: click here.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllRivals Seize Opportunity as A&O Shearman, Hogan Lovells Vacate South Africa
5 minute readGreenberg Takes 7-Lawyer Project- and Structured-Finance Team From Dentons in Warsaw
3 minute readHSF, Gowling WLG, Addleshaw Goddard Strengthen German Offices & Other Strategic Hires
3 minute readTrending Stories
- 1Infant Formula Judge Sanctions Kirkland's Jim Hurst: 'Overtly Crossed the Lines'
- 2Abbott, Mead Johnson Win Defense Verdict Over Preemie Infant Formula
- 3Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
- 4Meet the Lawyers on Kamala Harris' Transition Team
- 5Trump Files $10B Suit Against CBS in Amarillo Federal Court
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250