K&L Gates LLP has opened its 48th office in Wilmington, with four lawyers from Potter Anderson & Corroon.
Joining K&L Gates in establishing the Wilmington office are new partners Scott E. Waxman, Eric N. Feldman, Nicholas I. Froio, and Christina M. Houston, all of whom arrive at K&L Gates from Potter Anderson, Wilmington.
The office will focus in the areas of alternative business entities and their use in a range of domestic and cross-border financings and transactions. Waxman leads the group’s transition to K&L Gates.
The Wilmington office is K&L Gates’ 26th in the United States, and marks the firm’s seventh new office in 2013, following openings in Seoul, Houston, and four locations in Australia through the January 1 combination with Australian national firm Middletons.
“Delaware continues as the national center for formation of business enterprises, and these days newly-formed alternative business entities outnumber traditional corporations by three to one,” said Peter J. Kalis, K&L Gates’ chairman. “Our new team is unsurpassed in experience in this field, as their imprint is felt throughout Delaware law on the subject of alternative business entities.”
The lawyers in K&L Gates’ Wilmington office have experience advising clients with respect to Delaware alternative entities – namely, limited liability companies, general and limited partnerships, statutory trusts, and special purpose corporations – in a broad range of general commercial and financing transactions, including mergers and acquisitions, joint ventures, securitizations, structured financings, venture capital and private equity funds, master limited partnerships, preferred securities transactions, real estate investment trusts, and special purpose/bankruptcy remote structures. In addition, they regularly advise financial institutions and service providers in a wide variety of capacities, such as indenture trustee, collateral agent, servicer, backup servicer, trustee, securities intermediary, paying agent, and independent manager/director.
“We are very proud to be opening K&L Gates’ office in Delaware – the state where more than 50% of all publicly traded companies and more than 60% of the Fortune 500 have chosen to form,” said Waxman. “Delaware’s business entity laws are among the most progressive and flexible in the nation, and we are excited to be expanding K&L Gates’ ability to advise and assist clients in many aspects of Delaware law.”