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Stroock & Stroock & Lavan LLP

1875 K STREET NW, WASHINGTON DC 20006-1253, USA
Tel:
Work +1 202 739 2800
Web:
www.stroock.com
Los Angeles, Miami, New York, Washington DC

United States

Real estate
Real estate - ranked: tier 3

Stroock & Stroock & Lavan LLP

Stroock & Stroock & Lavan LLP’s ‘excellent’ and ‘highly responsive’ team ‘knows when to raise issues and has the business acumen to get deals done’. The group spans both the East and West coasts, handling the full mix of real estate-related work for both lender and borrower clients, including investment managers, financial institutions and wealth management firms. The firm has been particularly active in the retail, office and hotel sectors, handling numerous high-value acquisitions, commercial loan transactions and development projects. Brian Diamond jointly heads the practice with Washington DC-based Jeffrey Keitelman, who recently advised Pfizer on various real estate activities, including the sale of its worldwide headquarters in New York and the renegotiation of an office lease in San Francisco. In another highlight, Diana Brummer acted for Mack Real Estate Credit Strategies in a $318m financing of the construction and recapitalization of Via Mizner, a luxury mixed-use development in Florida containing residential units, a golf club and the Mandarin Oriental Hotel & Resort. Other notable individuals include Ross Moskowitz, who advises on land use, zoning and public private partnerships along with environmental and tax issues, and Karen Scanna, who focuses primarily on transactional matters.

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United States: Dispute resolution

General commercial disputes
General commercial disputes - ranked: tier 4

Stroock & Stroock & Lavan LLP

Stroock & Stroock & Lavan LLP has a broad commercial litigation practice that sees it taking on insurance disputes, consumer class actions, employment disputes and real estate litigation, among others. Highlights among its extensive recent caseload include Miami-based Laura Besvinick successfully representing ZTE USA and its Chinese parent corporation; following a victory in international arbitration, Besvinick went on to obtain wins at the Ninth Circuit, Eleventh Circuit and the Eastern District of Washington. Elsewhere, James Bernard obtained the dismissal of a federal securities lawsuit brought against client Grant Thornton International. The department is led by Charles Moerdler and Alan Klinger. Named attorneys are based in New York except where otherwise indicated.

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United States: Finance

Restructuring (including bankruptcy): corporate
Restructuring (including bankruptcy): corporate - ranked: tier 3

Stroock & Stroock & Lavan LLP

The ‘fantastic’ financial restructuring group at Stroock & Stroock & Lavan LLP has a strong creditor-side practice as well as a good reputation for representing hedge and private equity funds. The team advised an ad hoc group of holders of first and second debt in Avaya’s Chapter 11 proceedings and assisted an ad hoc group of unsecured bondholders of Seadrill with its Chapter 11 proceeding as well as with the considered $1bn of new capital contribution. In another prominent highlight, the practice is acting for Brigade Capital Management in Toys"R"Us’ bankruptcy proceedings and practice head Kristopher Hansen led a team which acted for an ad hoc group of Caesars Entertainment Operating Company’s first lien bank lenders who are owed an aggregate of $5.4bn. The New York-based team recently welcomed Brian Kelly from Milbank, Tweed, Hadley & McCloy LLP and Daniel Fliman from Kasowitz Benson Torres LLP, as well as special counsel Alon Goldberger and Samantha Martin from Dechert LLP and Morrison & Foerster LLP respectively. Frank Merola and Jonathan Canfield are other names to note.

Next generation lawyers

Daniel Fliman - Stroock & Stroock & Lavan LLP

Jonathan Canfield - Stroock & Stroock & Lavan LLP

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United States: Industry focus

Energy transactions: conventional power
Energy: transactions: conventional power - ranked: tier 5

Stroock & Stroock & Lavan LLP

Stroock & Stroock & Lavan LLP’s New York-based team continued to be highly active in the acquisition of utilities assets for key client JPMorgan Infrastructure Investments Fund. In the finance space, practice head Richard Madris advised MUFG Union Bank on the refinancing of a syndicated credit facility for a portfolio of gas-fired power plants in California owned by GWF Energy.

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Insurance: advice to insurers
Insurance: advice to insurers - ranked: tier 4

Stroock & Stroock & Lavan LLP

Stroock & Stroock & Lavan LLP represents insurers and reinsurers in complex insurance and reinsurance matters, such as high-exposure reinsurance issues, complex coverage and bad faith disputes as well as consumer class actions, coverage litigation and contentious regulatory matters. It is representing longstanding client Arrowood Indemnity Company and Arrowood Surplus Lines Insurance Company in an action against the Kingdom of Saudi Arabia, the Saudi High Commission for Relief of Bosnia & Herzegovina, Al Rajhi Bank, National Commercial Bank, and Saudi Binladin Group for causing the September 11th attacks. It is also representing Physicians’ Reciprocal Insurers in an action against Administrators for the Professions alleging that it had defrauded and breached its duties. Starr Indemnity and Liability Company, Prosperity Life Insurance Group and ProSight Specialty Insurance are also clients. New York-based Robert Lewin and Michele Jacobson head the team, while Miami-based Lewis Murphy and Laura Besvinick are also recommended.

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Insurance: non-contentious
Insurance: non-contentious - ranked: tier 3

Stroock & Stroock & Lavan LLP

Stroock & Stroock & Lavan LLP’s ‘reliable and responsive’ team handles transactions and regulatory matters in the insurance industry, as well as related capital markets matters, and its ‘industry and regulatory knowledge is top notch’. It is advising Atlas Merchant Capital as co-lead investor in the pending acquisition of Talcott Resolution, the run-off life insurance and annuity division of The Hartford, and advised Atlas Merchant Capital and its fund, Atlas Merchant Capital Fund, on their equity investment in Somerset Reinsurance. In New York, department head Bernhardt Nadell stands out for his ‘thoroughness and for his attention to detail’, while Michele Jacobson, who ‘grasps difficult concepts quickly’, Robert Lewin, who handles regulatory matters, and Bradley Kulman, who is noted for transactional matters, are also recommended.

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United States: Intellectual property

Copyright
Copyright - ranked: tier 4

Stroock & Stroock & Lavan LLP

Stroock & Stroock & Lavan LLP has a niche in cross-border copyright matters involving the Spanish-speaking world. The group successfully defended the Spanish Broadcasting System against a copyright infringement claim brought by the Latin American Music Company and La Asociación de Compositores y Editores de Música Latinoamericana alleging music broadcasted on the defendant’s radio station infringed copyright. Other clients include Televisa, BTF Media and Lee Daniels. New York’s Laura Goldbard George and Miami’s James Sammataro are the key contacts.

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Trademarks: litigation
Trademarks: litigation - ranked: tier 4

Stroock & Stroock & Lavan LLP

Stroock & Stroock & Lavan LLP’s practice handles domestic and international trademark litigation. Practice chair Laura Goldbard George and Steven Pokotilow have been acting for ProSight Global in a trademark infringement dispute brought against Amimon arising from the unauthorized use of the ‘ProSight’ trademark. George also led advice to SkyBridge Capital in a suit brought against Skybridge Wealth Management alleging trademark infringement, unfair competition and cybersquatting. Other clients include Panor, Emcor and Adrian Original. All named partners are based in New York.

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United States: Investment fund formation and management

Private equity funds (including venture capital)
Private equity funds (including venture capital) - ranked: tier 6

Stroock & Stroock & Lavan LLP

Stroock & Stroock & Lavan LLP grew its practice in 2017 with the addition of two new partners. Andre Nance was promoted in January 2018 after joining from Canadian firm Torys’ New York office a year earlier and advises leading investment banks on launching feeder funds into big-name private equity funds; while Eric Requenez joined from an of counsel role at Morrison & Foerster LLP. Nance and Richard Madris also act for fund sponsors, with real estate an asset class of note. The team is based in New York.

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United States: Labor and employment

Employee benefits, executive compensation and retirement plans: design
Employee benefits, executive compensation and retirement plans: design - ranked: tier 5

Stroock & Stroock & Lavan LLP

Stroock & Stroock & Lavan LLP has substantial ERISA expertise in highly regulated sectors, particularly financial services. In recent highlights, SIFMA and numerous other global financial service entities appointed the team to advise on the impact of the DOL’s changes to the ‘fiduciary’ rules on the capital markets, and a number of leading financial institutions engaged Steven Rabitz and Marissa Holob to assist on the design, operation and distribution of their products with regards to the regulations governing US private and public retirement plans. Other noteworthy names include special counsel Bruce Gallant. In May 2018, Michael Keats moved to Fried, Frank, Harris, Shriver & Jacobson LLP. All named attorneys are based in New York.

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Employee benefits, executive compensation and retirement plans: transactional
Employee benefits, executive compensation and retirement plans: transactional - ranked: tier 5

Stroock & Stroock & Lavan LLP

Of counsel Bruce Gallant recently joined the New York office of Stroock & Stroock & Lavan LLP from JPMorgan Chase, adding depth to the firm’s executive compensation practice. Also based in New York is Marissa Holob, who is representing an ad hoc group of first and second lien debt holders with regard to the Chapter 11 filing of technology company Avaya. Other key clients include HSBC, Bank of America Merrill Lynch and Wells Fargo. In June 2018, former practice head Steven Rabitz moved to Dechert LLP.

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Labor-management relations
Labor-management relations - ranked: tier 3

Stroock & Stroock & Lavan LLP

Stroock & Stroock & Lavan LLP’s practice is grounded in the public sector where it regularly represents labor unions. Co-managing partner Alan Klinger continues to work alongside special counsels Dina Kolker and Beth Norton to advise the United Federation of Teachers on arbitration, mediation and collective bargaining agreements. On the contentious side, the group acted for the 237 Local Teamsters Islip Welfare Fund in a claim by a rival union alleging an equitable interest by former fund participants. David Kahne was promoted to partner and is part of the team counselling the New York City Municipal Labor Committee on its long-term cost-saving goals of $4.3bn in healthcare services over a four-year period. All named attorneys are based in New York.

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United States: M&A/corporate and commercial

M&A: middle-market (sub-$500m)
M&A: middle-market (sub-$500m) - ranked: tier 5

Stroock & Stroock & Lavan LLP

Stroock & Stroock & Lavan LLP focuses on complex middle-market M&A transactions. In recent work, the team has advised AMETEK, a global manufacturer of electronic instruments and electromechanical devices, in numerous strategic acquisitions, including its $182m all-cash acquisition of laboratory analytics provider MOCON, and acted for Carnegie Fabrics, a family-owned provider of sustainable textiles and wall coverings, in its sale of a majority stake to private equity firm Calera Capital. It also assisted The Ultimate Software Group, a provider of cloud-based capital management solutions, with its acquisition of San Francisco-based technology company Kanjoya. Former corporate department head Todd Lenson and Jordan Rosenbaum exited for Kramer Levin Naftalis & Frankel LLP, which led to Christopher Doyle and Jeffrey Lowenthal becoming chairs of the firm’s corporate group. Bradley Kulman and Matthew Schwartz are also key contacts. All partners named are based in New York.

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United States: Real estate

Land use/zoning
Land use/zoning - ranked: tier 3

Stroock & Stroock & Lavan LLP

Ross Moskowitz leads the New York-based practice at Stroock & Stroock & Lavan LLP, which is well versed in obtaining zoning permits and land use approvals for developers, landowners and financial service companies. Moskowitz, alongside Karen Scanna, is advising Alexandria Real Estate Equities on the acquisition and land use approval process for the development of the $700m Alexandria Center for Science and Technology at the East River Science Park in New York City. The group welcomed Seamus Curley from DLA Piper LLP (US).

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United States: Tax

Financial products
Financial products - ranked: tier 3

Stroock & Stroock & Lavan LLP

Stroock & Stroock & Lavan LLP has plenty of experience in REITs, RICs, securitizations and insurance company products. The firm is a popular choice with major financial institutions and investment managers, and recently advised JP Morgan Asset Management on the complex structuring and establishment of a $1.2bn fund-of-one for a sovereign wealth fund and the simultaneous co-investment by the fund-of-one with a US ERISA fund for the acquisition of US real estate. New York-based Jeffrey Uffner heads the team, which also includes Michelle Jewett and Micah Bloomfield.

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US taxes: non-contentious
US taxes: non-contentious - ranked: tier 5

Stroock & Stroock & Lavan LLP

Stroock & Stroock & Lavan LLP’s four-partner New York tax team handles private equity, private investment fund and corporate M&A matters, as well as real estate and financial restructuring taxation. Jeffrey Uffner and Mayer Greenberg represented a joint venture which served as owner in the $2.15bn recapitalization of 10 Hudson Yards, which included corporate and REIT as well as property transfer tax issues. Uffner also regularly acts for JP Asset Management, including in the structuring and formation of a $1.2bn fund of one for a sovereign wealth fund and its subsequent investment to acquire property. Micah Bloomfield and Mark Levy are other key partners. Michelle Jewett joined from Morrison & Foerster LLP in March 2017.

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