Latham Taps Restructuring Co-Chair from O’Melveny

U.S. quarters and U.S. dollar bills are arranged for a photograph in New York, U.S. Photographer: Daniel Acker/Bloomberg

Latham & Watkins has hired George A. Davis as global co-chair of its restructuring, insolvency and workouts practice, the firm announced today.

Davis, who came from O’Melveny & Myers LLP, joins Latham’s New York office and will help lead Latham’s team of roughly 80 lawyers around the world who focus on restructuring matters.

While at O’Melveny, Davis led the restructuring efforts in the bankruptcy of Tampa, Fla.-based Entegra Power Group LLC, the owner and marketer of electricity from two large U.S. gas-fueled power plants. He also took part, representing a creditors’ group, in solving a $570 million lease dispute involving Dynegy, Inc., the third-largest independent U.S. power producer.

In an interview, he said he plans to expand Latham’s practice.

“We have a deep team, and we plan to grow in a material way on the company side, including to grow our relationships with creditors,” Davis said. An O’Melveny spokesperson wished Davis well in a statement.

Among the successful restructuring deals that Latham cites are its handling of BIND Therapeutics, Inc. during its Chapter 11 bankruptcy, and Alphatec Holdings, Inc., a developer and manufacturer of medical devices for spinal disorders. In a cross-border deal, Latham represented Alphatec in the sale of its international operations and distribution channel to Globus Medical, a musculoskeletal implant manufacturer.

Davis is the second restructuring lawyer to join Latham recently. In February, Latham brought aboard Jeffrey E. Bjork, who has experience in large-scale reorganizations, from Sidley Austin’s corporate reorganization and bankruptcy group in Los Angeles.

Davis said that he will keep an eye on cross-border growth. Fewer than half of the firm’s 80 lawyers in his department are in the United States.

Latham, like most large law firms, emphasizes its broad geographic presence to underscore its ability to represent clients in the burgeoning area of major cross-border legal matters. Latham has more than 2,600 lawyers in offices across the world.

Bjork, who joined Latham’s Los Angeles office, gained industry notice for his work on major restructurings including R.H. Donnelley Corp., the online yellow pages publisher, and Station Casinos Inc., a major provider of gaming and entertainment in Las Vegas.

 

To contact the reporter on this story: Elizabeth Olson at egolson1@gmail.com.

To contact the editor on this story: Casey Sullivan at csullivan@bloomberglaw.com and John Crawley at jcrawley@bloomberglaw.com.