Pillsbury Winthrop Shaw Pittman picked up a three-member leveraged finance team from White & Case for its New York finance and corporate and securities practices.
Ronald Brody, Kenneth Suh, and Jin Kim, joined White & Case in 2007 and have moved as a team to Pillsbury as it continues to grow out its transactional team in New York.
Brody, who focuses on representing investment banks and issuers of high yield debt securities offerings, will become co-leader of Pillsbury’s leveraged finance practice. He held the same position at White & Case.
“During this period of great uncertainty, companies across the entire economy are reworking their capital structures and raising cash. We have been building our finance and capital markets practices for some time now, and the addition of this high-yield and leveraged finance team is a tremendous opportunity for Pillsbury, for our clients and for Ron, Ken and Jin,” said Mark Lessard, Pillsbury’s global finance practice leader.
The firm’s announcement comes the same week that Pillsbury said it would trim its payroll during the Covid-19 pandemic. The 725-attorney firm confirmed earlier reports that it had temporarily reduced pay for associates and counsel by 20%, and staff compensation by up to 15%, depending on salary level. Those making less than $75,000 will be exempted from the cuts, the firm said. Partner draws are also set to be reduced.
Brody will be joining Michael Michetti as co-leader of Pillsbury’s leverage finance practice. Michetti was among a group of five lawyers, including Joel Simon and Joseph Fastiggi, who arrived at Pillsbury in July 2018. In 2019, they were involved in a $10 billion financing effort for the acquisition by Sinclair Broadcast Group of Disney’s regional sports networks.
Suh becomes a senior counsel at Pillsbury and Kim, who left White & Case in 2015, a special counsel to the firm. Prior to joining White & Case, Brody, Suh, and Kim had been with Mayer Brown, in New York.
White & Case confirmed that Brody and Suh left the firm.
“We wish them well in their future endeavors,” the firm said in a statement.
“Having worked together as a team for many years, we look forward to joining the remarkable group of lawyers at Pillsbury, which has achieved impressive expansion and substantial deal flow,” Brody said of the move.
Pillsbury has notched more than 600 capital markets deals valued at over $600 billion since 2010, according to the firm. It has been steadily adding partners and counsel, including the addition in late April of two veteran insolvency and restructuring lawyers, Joseph Morse, as a partner, and Jonathan Doolittle, as senior counsel, in Pillsbury’s San Francisco office.