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 inside the actual estate area. The assertion of Levy’s hiring merely comes three weeks after Weil made an excessive-profile hire in London, including personal equity companion 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 current months. Levy said he become eager to capture the new opportunity at Weil partly due to his revel in 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.”
An genuine estate exercise is intending to serve customers in a complex and cyclical genuine estate market desires, in particular, breadth of expertise at the part of its attorneys, Levy added. “You have with the intention 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 main economic downturn within the coming years, Levy said he reveals it 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 refresh the market. We have had extended and strong financial growth within the U.S. Because of 2009-2010. But this 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.