David Luce > DLA Piper LLP (US) > New York, United States > Lawyer Profile

DLA Piper LLP (US)
1251 AVENUE OF THE AMERICAS
NEW YORK, NY 10020-1104
United States
David Luce photo

Work Department

Corporate; Finance; Structured Finance and Securitization; Insurance and Reinsurance Disputes; Insurance

Position

Partner

Career

David Luce has over 20 years of experience with solving complex problems for sophisticated clients in the financial services and insurance industries.

David’s practice includes M&A, securities offerings, structured finance, venture capital and emerging growth in the fintech sector, general insurance matters and regulatory investigations.

David has extensive experience in mergers and acquisitions, insuretech and venture capital, reinsurance, securities offerings, and embedded value financings of life insurance policy reserves, variable annuity hedging, sidecars, catastrophe bonds, transformer trades, insurance and weather-linked derivatives, longevity and mortality swaps and pension solutions. He also advises insurance companies on strategic venture investments, as well as a number of insur emerging growth companies and start-ups.

He has worked on transactions involving over $20 billion in public insurance M&A and over $15 billion in securitization and other financings. His M&A experience includes acquisition by merger, stock purchase, asset purchase, bulk reinsurance, loss portfolio transfers and other mechanisms.

Languages

Japanese

Education

J.D., University of Virginia School of Law; B.A., University of Virginia

Lawyer Rankings

United States > Finance > Structured finance: securitization

DLA Piper LLP (US) has experience in a range of structured products and securitizable asset classes, though the team is perhaps best known for its CLO practice, which is among the country’s top ten arranger-side teams in terms of deal volume. Richard Reilly, who heads the CLO practice, acted for Goldman Sachs in roughly $18bn of CLO new issues, reissues and resets in 2018. In addition, Reilly also maintains an active manager-side practice, having advised Ares Management on approximately $6bn of CLO deals in a 12-month span from October 2017. A key figure in the ABS group is Boston-based Andrew Sroka, who has experience in fintech ABS, and recently advised Laurel Road Prime Student Loan Trust, as issuer, and Laurel Road Bank, as sponsor, on multiple student loan ABS offerings. Further, New York’s Peter White acted for Goldman Sachs in relation to the securitization of certain naming rights agreements for the NFL Hall of Fame Village. Christopher Giordano also has experience of student loan ABS, and David Luce is a key contact in the structured products practice.

United States > Industry focus > Insurance: non-contentious

The cross-disciplinary practice at DLA Piper LLP (US) stands out for its experience in insurtech, venture capital and intellectual property matters, while also advising on M&A, corporate reorganizations, risk management, product development and regulation. Key New York partner David Luce‘s recent highlights include a role for GC Securities – a division of MMC Securities – on the first pure wildfire exposed catastrophe bond, as well as advising Fannie Mae on the first transaction in a pilot program to use enterprise paid mortgage insurance in place of policies on individual mortgage loans. Other notable individuals include David Mendelsohn and Stephen Schwab in Chicago, and Kathleen Birrane in the Baltimore office.

United States > Media, technology and telecoms > Fintech

New York-based David Luce heads DLA Piper LLP (US)’s multidisciplinary fintech and blockchain practice which has expertise handling regulatory, corporate, securities, M&A, capital markets and intellectual property matters. Its impressive client roster ranges from providers of financial infrastructure software, payment solutions, alternative lending platforms and analytics companies to venture capital and those in the insurtech space. The group’s broad capabilities include acting for technology companies in financing transactions, such as recently assisting Kabbage with its $525m asset-backed securitization transaction and advising Doc.ai Incorporated, a developer of decentralized conversational AI technology, on its SAFT offering. Other recent work includes assisting sponsors and investors in the cryptocurrency space and advising the firm’s broad client base on regulatory issues. The team’s expertise in acting for emerging companies was bolstered by the arrival of Margo Tank in Washington DC and David Whitaker in Chicago from Buckley LLP.