Paul Hastings adds three-partner finance team in New York from Cahill Gordon & Reindel
Marc Lashbrook, Josh Zelig and David Barash continue run of finance hires by West Coast firm in London and New York
Top 25 US firm Paul Hastings has bolstered its finance offering in New York with the hire of a trio of partners from Cahill Gordon & Reindel.
Marc Lashbrook, Josh Zelig and David Barash are known for their top-of-market transactional work for clients including JP Morgan, Bank of America and Barclays. The trio’s experience ranges from syndicated institutional term loans, direct lending and asset-based transactions to public and private debt capital markets, including high-yield and investmentgrade bond offerings.
Paul Hastings chair Frank Lopez said the hires furthered the Los Angeles-founded firm’s efforts to place itself as a global market leader in finance and debt capital markets.
“We represent every major investment bank in syndicated leveraged finance and high-grade loan and bond deals, in addition to virtually every leading direct lender in lending and preferred equity deals, positioning us to provide support for our clients’ most complex transactions across the entire capital structure,” he added.
The arrival of Lashbrook, Zelig and Barash follows a run of senior finance hires in London by Paul Hastings, among them a four-partner finance team from Latham & Watkins last summer that included Latham’s former global banking co-chair and the former co-chairs of its London finance department.
In the past six months the firm has also added high-yield partners Alexander Horstmann-Caines and Patrick Bright in London from Weil Gotshal & Manges, around the same time it secured leading finance partner Morgan Bale in New York, also from Weil.
Lashbrook has joined Paul Hastings after almost 17 years at Cahill, where he made partner in 2015. His transactional work includes representing the financing sources in connection with $9.8bn of financing for NortonLifeLock’s acquisition of Avast, the issuance of $23bn of financing for T-Mobile’s Sprint acquisition and $13bn of financing for a Blackstone-led consortium’s acquisition of Refinitiv. He has also worked with investment banks on the issuance of equity and equity-linked securities for the IPOs of Aramark, Burlington Stores and PlayAGS, among others.
Zelig similarly practised at Cahill for almost 17 years. His deal sheet includes numerous acquisition-related financings involving Brookfield Capital, Stone Point Capital, Blackstone and KKR. In high-yield debt offerings for Dell Technologies, AMC Entertainment, VMWare and HCA, he has represented the initial purchasers and he has also represented the underwriters in IPOs for HCA, Townsquare Media, PBF Logistics and PBF Energy.
Meantime Barash brings experience on the leveraged loan and high-yield bond sides of large-cap and middle market acquisition financings and refinancings. He has represented financing sources on acquisitions by TPG, Bain Capital, Silver Lake Partners and Burger King, among others, such as the $50bn of new debt financing in Dell’s acquisition of EMC Corporation – a transaction valued at approximately $67bn.
In March last year, Paul Hastings hired a highly rated 18-partner restructuring team from Stroock & Stroock & Lavan in a landmark deal for the firm's New York office.