Kramer Levin Bankruptcy Trio, Milbank’s Luc Despins Jump Ship to New Firms
Posted Oct 28, 2008 12:06 PM CST
By Martha Neil
Updated: Three former bankruptcy partners of Kramer Levin Naftalis & Frankel, including the co-leader of the firm's Distressed and Special Situations Lending Group, have departed for Gibson Dunn & Crutcher.
David Feldman, Eric Wise and Matthew Williams are now partners in their new firm's New York office, where Feldman will serve as co-chair of the Business Restructuring and Reorganization Practice Group, reports Gibson Dunn in a press release.
Meanwhile, a well-known bankruptcy partner at Milbank Tweed Hadley & McCloy is joining Paul Hastings Janofsky & Walker, as a number of BigLaw firms vie for top talent in the practice area, reports the New York Law Journal in an article reprinted by New York Lawyer (reg. req.).
"Luc A. Despins, well-known in the profession for his representation of the creditors' committee in the bankruptcy of Enron Corp., is the latest marquee name to be poached as firms rush to ramp up restructuring practices in response to the worsening economy," the legal publication recounts.
At Gibson Dunn, "growing our bankruptcy practice has been a high priority for the firm for some time, and even more so in light of the current financial crisis," says managing partner Ken Doran in the press release. "David, Eric and Matt have a very strong reputation in the bankruptcy and restructuring community in New York and nationally, and will give us greater depth of experience and expertise in that area. With their addition, we will be better positioned to serve our clients in this troubled economy."
Updated at 1:45 p.m. to include information from New York Law Journal article.