Weil, Gotshal & Manges has lured Evan Levy, head of the real estate capital markets practice at Skadden, Arps, Slate, Meagher & Flom, to its New York City workplace. Levy, who joins Weil as a partner, advises clients on real estate financings, fund formation, securities offerings, restructurings, and REITs. His customers encompass fund sponsors and investors, borrowers, lenders, creditors, borrowers, consumers, dealers, and issuers within the real estate area. The assertion of Levy’s hiring merely comes three weeks after Weil made an excessive-profile hire in London, including private equity partner Mark Thompson, who had previously been at Sidley Austin.
The addition of Thompson helped stem the loss from numerous associate departures at Weil’s London outpost in recent months. Levy said he became eager to capture Weil’s new opportunity partly due to his reveling with companions at the firm. “I’ve acknowledged Phil Rosen for 21 years, and I’ve labored across the desk from Michael Bond on several widespread transactions,” Levy said. “The draw here was becoming a member of a market-leading real property exercise and working with people who are truly splendid companions.”
A genuine estate exercise is intended to serve customers in a complex and cyclical genuine estate market, with a particular breadth of expertise at the part of its attorneys, Levy added. “You intend to deal with all phases of the real property market cycle. Depending on where we are, that could imply acquisitions, improvement, elevating private equity finances, or doing REITs, financings, or M&A,” he said. Given the opportunity of a major economic downturn within the coming years, Levy said he is hugely positive about exercising regulation at a company that has long been a stated leader within the restructuring area.
“As cycles flip, exercises and restructurings can assist in refreshing the market. For example, we have had extended and strong financial growth within the U.S. from 2009-2010. But this is some distance into a financial enlargement, you need to think about the possibility of a market correction in the following couple of years,” he said. Michael Aiello, chairman of Weil’s global corporate exercise, said in a statement that Levy could be a critical addition to the company’s real property practice. “His state-of-the-art marketplace know-how and popularity as a pinnacle real property attorney are terrific,” he stated.