Paul Hastings continues PE expansion

The New York-based law firm has added partner Louis Hernandez to its 70-member private equity practice.

Paul, Hastings, Janofsky & Walker has continued its private equity hiring spree with the addition of Louis Hernandez as a partner in the private equity practice.

Hernandez’s arrival follows the recent addition of eleven lawyers to the firm’s private equity practice in Chicago.

“The firm sees the private equity market picking up in terms of transaction activity and strong recovery from a few years ago. Demand on both the sell and buy side is in the market place and lending is available, although at low[er] leverage than in 2006- 2007,” said Greg Spitzer, chair of the Chicago office, in an interview.

Hernandez previously served as a partner with Kirkland & Ellis, specialising in representing private equity sponsors and their portfolio companies in debt-financing transactions. Hernandez has advised on transactions including leveraged buyouts and acquisitions, mezzanine and corporate financings in the healthcare, manufacturing, and information technology sectors.

Louis
Hernandez

Between June and July, Paul Hastings added 16 lawyers to the firm’s Chicago office corporate department.

In August, Ryan McLennan, Amit Mehta, Paul Quinn, Richard Radnay, Brian Richards, and Jeff Terry joined from law firm Greenberg Traurig; and Chris Sheaffer, Kim Thompson Smith, and Jim Smulkowski from Katten Muchin Rosenman.

The hires joined Thad Malik and Jill Sheiman, who arrived from Jenner & Block in July.

Rick Chesley is the current head of Paul Hastings' Chicago corporate department and Bill Simpson is the current chair of the global private equity group and each will continue in these roles.