Kramer Levin hires Akin Gump partner to lead special situations team
People with briefcases in Berlin, Germany, July 29, 2020. REUTERS/Axel Schmidt Purchase Licensing Rights
(Reuters) - Kramer Levin Naftalis & Frankel said Monday that it has hired a partner from Akin Gump Strauss Hauer & Feld to chair its special situations practice.
New York-based Scott Welkis, who will also be a partner in the firm's banking and finance group, counsels banks, credit funds, private equity funds and hedge funds on debt financing transactions, the firm said.
Kenneth Eckstein, co-chair of the firm's bankruptcy and restructuring practice, said Welkis' experience both in and outside of courtrooms will benefit the firm's hedge fund and distressed investor clients.
Welkis said in a statement that he is eager to collaborate with his new colleagues and grow his practice.
Earlier this month, New York-founded Kramer Levin also added fund formation partners Yasho Lahiri and Robert Bendiner Weiss from K&L Gates, securitization and structured finance partner Terry Novetsky from King & Spalding and former Paul Weiss bankruptcy and restructuring partner Alexander Woolverton.
On Monday, small New York law firm Harris St. Laurent & Wechsler said that it has hired prominent trial lawyer Barry Pollack from Kramer Levin in Washington, D.C.
A representative from Akin Gump wished Welkis well in his new position.
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