PK Paran > DLA Piper > London, England > Lawyer Profile

DLA Piper
160 Aldersgate Street
LONDON
EC1A 4HT
England

Living Wage

PK Paran photo

Work Department

Corporate; Mergers and Acquisitions; Capital Markets; Insurance

Position

Global Co-Chair, Insurance Sector

Career

Prakash (‘PK’) Paran advises clients on a broad range of corporate transactions most notably in the insurance sector (both life and non-life). PK’s experience extends to mergers and acquisitions (including competitive auction processes on the buy and sell side), joint ventures, corporate reorganisations (including SE and cross border mergers) and equity capital markets. PK also advises on insurance transactions such as portfolio transfers, insurance linked securities and bulk annuity transfers.

PK has a deep understanding of the insurance industry and is often asked to comment or speak on industry trends by the press, publications and regularly hosts client workshops on various topics relevant to the industry. PK is adapt at working with lawyers across the international network and across different practice groups to ensure clients are provided with a complete and seamless service. PK has been noted in the leading legal directory, Legal 500, as a “very sound and very responsive lawyer” and was featured in the Financial News’ 40 under 40 most influential rising stars in legal services, Europe 2014. PK has also made a significant contribution to the growth of DLA Piper’s global and UK insurance sector practice resulting in the UK office being awarded Insurance Law Firm of the Year in 2014.

Prior to joining DLA Piper, PK was a partner in the London office of a New York headquartered global law firm.

PK is a foreign legal consultant.

Education

University of Bristol, LLB (Hons) 2:1; Nottingham Law School, LPC

Lawyer Rankings

United States > Industry focus > Insurance: advice to insurers

The ‘deeply knowledgeable and business-conscious‘ New York insurance department at DLA Piper LLP (US) is ‘one of the few practice groups that can provide outstanding legal advice with legitimate courtroom skills‘. It focuses on claims relating to securities, asbestos, environmental issues, product liability, D&O, fraud, tort and transaction liability, as well as international disputes in the London and Hong Kong markets. Aidan McCormack advised Brit Insurance on a $64m professional liability insurance coverage and bad faith claim against Lloyd’s and London Market insurers regarding an underlying legal malpractice claim. International business litigator Michael Murphy serves as global chair for insurance and reinsurance. Clients also recommend the ‘unflappable and incredibly creative‘ Joseph Finnerty III, who counts Beazley among his clients, and ‘consistently high performer‘ Megan Shea. The firm’s New York office was also boosted by the relocation of global insurance sector co-chair PK Paran from London in early 2019.