Kenneth Herzinger has joined Paul Hastings’ San Francisco office as a partner in its investigations and white collar defense practice.
His departure from Orrick Herrington & Sutcliffe comes as Paul Hastings expands its white collar bench in anticipation of stepped-up scrutiny from the Biden administration.
“There was a slowdown in IPOs as the economy slowed,” Herzinger said in an interview. “That is picking up and is generating more review, as well as the rise in new ways of doing things, like the SPACs,” or special purpose acquisition companies, he said.
Blockchain and cryptocurrency also “are getting more focus and more regulation,” he said. “Fintech is also creating more work, and Paul Hastings has a market-leading fintech practice.”
Paul Hastings last year helped Goldman Sachs Group Inc. last year work out a $3.9 million settlement in a Foreign Corrupt Practices Act investigation into 1Malaysia Development Bhd., the state-owned investment company. It also has served as lead U.S. counsel to Airbus in an FCPA investigation and simultaneous resolution with U.S., French and U.K. regulators.
Herzinger is an important addition with his “deep experience in a wide range of complex matters, including in new and developing areas like cybersecurity, blockchain and cryptocurrency,” Seth Zachary, chairman of Paul Hastings, said in a statement.
Herzinger began his career in the Securities and Exchange Commission’s enforcement division before joining Orrick in 2004.
In addition to Herzinger, Paul Hastings has recently hired Jonathan Pickworth and Joanna Dimmock, partners in investigations and white collar defense, and Alex Leitch, a complex litigation partner.