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Holland & Knight Adds Laterals from McDermott, Bracewell (1)

Jan. 14, 2019, 8:02 PM; Updated: Jan. 14, 2019, 11:13 PM

Holland & Knight has grabbed two new partners from other Big Law players to enhance teams in its Houston and New York offices, the firm announced Jan. 14.

Holland & Knight will expand its public finance practice in Texas with the hire of Derrick Mitchell, who comes to his new employer from the Houston offices of Bracewell, a firm with deep roots in the state.

Mitchell’s practice focuses on general obligation and revenue bonds, including transportation revenue, industrial revenue, higher education, mortgage revenue, pollution control and non-profit hospital bonds. Mitchell will also be a member of the firm’s national public finance team.

“Holland & Knight came to me and asked me to grow their practice in Texas,” Mitchell told Bloomberg Law about why he was making a move. “They saw that I had grown Bracewell’s public finance practice from one lawyer to 22 lawyers over my 12 years there.”

Mitchell also said Holland & Knight had a bigger “platform” and more resources than Bracewell to expand its public finance practice.

“I expect 99.9 percent of my clients at Bracewell to follow me to Holland & Knight,” he said.

“Derrick’s arrival is notable because it signifies our team’s expansion into the Texas market,” Woody Vaughan, head of the national public finance team, said in a statement. “Derrick is well-known in Houston and throughout the state, serving as bond counsel on some of the most notable municipal financings.”

North and east of Houston, Douglas Youngman, a financial services attorney with more than 20 years of experience, joined Holland & Knight as a partner in the firm’s New York office.

Previously, Youngman was a partner at McDermott Will & Emery in New York. Youngman’s practice focuses on derivatives, complex financial transactions and structured products, and he has worked on matters around municipal bankruptcies. He’ll be part of Holland & Knight’s financial services practice group, which has more than 200 members.

“Doug brings a wealth of experience to the firm in a key area as we continue to expand our presence in the financial services industry,” Matthew Fontane, co-chair of the practice group, said in a statement.

Holland & Knight has more than 1,300 lawyers and other professionals in 28 offices around the globe.

(Revised to add quotes from Derrick Mitchell in the fourth, fifth, and sixth paragraphs )

To contact the reporter on this story: Karn Dhingra in Houston at kdhingra@bloomberglaw.com

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