New York , February 26, 2007 – LAWFUEL – Law Firm, Law Jobs – The law firm of McKee Nelson LLP announced today its expansion with the addition of a highly respected, six-partner business litigation practice that focuses on the defense of lawsuits involving complex financial transactions. The litigation defense group adds a new dimension to McKee Nelson’s capital markets transactions practice which, in 2006, advised issuers and underwriters in connection with the sale of over $800 billion in securities – more than any other law firm in the world.
Led by Jeffrey Q. Smith and including Steven G. Brody, Susan F. DiCicco, Scott E. Eckas, Michael M. Gordon, and Jennifer Hurley McGay, McKee Nelson’s new business litigation partners come to the firm from the New York office of King & Spalding. When fully staffed the group will be composed of about 25 lawyers and will increase the number of McKee Nelson lawyers to more than 200.
Reed Auerbach, Managing Partner of McKee Nelson’s New York office and a leader of the firm’s capital markets practice, notes, “A huge portion of the U.S. economy is financed by complex securities transactions. They almost always work as anticipated, but in those rare cases in which a deal goes wrong, the cost to the participants can be enormous. Successfully managing a problem transaction requires experienced litigators who also have a deep understanding of both the capital markets and complex transactions. Our new partners have those unique qualifications.” New partner Jeff Smith adds, “Our practice aligns almost perfectly with McKee Nelson’s existing capital markets transaction practice and its other enforcement practices. We represent the same clients, speak the same language, and focus on similar financial transactions.”
According to Will Nelson, the firm’s Managing Partner, all clients, whether they are working with the new litigation practice or with its transaction practices, will benefit from the addition: “Our new partners will enhance our ability to plan and execute transactions by helping us avoid the mistakes of others. At the same time, he says, “their ability to defend transactions will be enhanced by the technical and real time market knowledge of our transaction lawyers.”
On the subject of possible future acquisitions, Nelson says: “We don’t seek to add lawyers for growth’s sake. However, we are always interested in adding top practices that focus on our financial institutions and Fortune 500 client base and complement our existing capital markets, financial products, tax and enforcement practices.”
About McKee Nelson: McKee Nelson was founded in 1999, and serves clients from its offices in New York and Washington, D.C. In its seven year existence, it has grown to more than 200 lawyers and currently represents most major participants in the U.S. capital markets, as well as other major corporations and individuals in financial, tax, compliance and white collar criminal matters. The firm’s capital markets practice is allied with the London firm of Ashurst. Biographies of the new partners may be viewed at www.mckeenelson.com.