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Finance Lawyer Relles Joins Weil After 17 Years With Schulte

June 1, 2020, 7:03 PM

Eliot Relles has jumped to Weil, Gotshal & Manges after a 17-year stint with Schulte Roth & Zabel, most recently as co-head of that firm’s finance group.

Relles, who joins Weil as a partner in its New York office, represents direct private lenders and other lenders that provide financing to middle market companies. His practice focuses on acquisition financing, leveraged lending, and restructurings of troubled companies.

“I am excited to join Weil and be part of its team of talented Banking & Finance lawyers,” Relles said in a firm statement. “In particular, I look forward to leveraging Weil’s preeminent global capabilities to continue expanding the group’s direct lending platform.”

Weil has landed a number of prominent lateral hires over the last several months, including Michael Moiseyev, a former long-time assistant director at the Federal Trade Commission who oversaw hundreds of merger reviews at the agency before moving to the firm in late April. He’s now part of the firm’s global antitrust and competition practice.

Late December, Weil announced it had brought on Zachary Tripp, the former assistant to the U.S. Solicitor General, to be co-head of the firm’s appellate practice in Washington. Tripp had argued 11 cases before the U.S. Supreme Court while with the Solicitor General’s office, winning nine of them.

Weeks before the Tripp announcement, Weil brought on London-based partner Neil Devaney from Akin Gump Strauss Hauer & Feld, to lead its Business Finance & Restructuring practice.

In late April, Schulte Roth also lost private funds lawyer Leonora M. Shalet to Morrison & Foerster’s New York office. The move bolstered MoFo’s drive to grow its corporate practice.

Last August, the pendulum swung in the other direction for Schulte Roth when the firm announced it had hired Daniel Eisner, the former chair of DLA Piper’s and Proskauer Rose’s private equity practices. Eisner is a partner in Schulte’s M&A and securities group in New York.

A spokeswoman for Schulte Roth could not be reached for comment on Relles’ departure.

“Eliot has deep experience and is highly regarded in the financing sector,” Michael Aiello, chairman of Weil’s corporate department, said in the statement. “His work advising lender-side clients will be a strong strategic fit for Weil’s growing direct lending practice.”

To contact the reporter on this story: Sam Skolnik in Washington at sskolnik@bloomberglaw.com

To contact the editors responsible for this story: Chris Opfer at copfer@bloomberglaw.com; Andrew Harris at aharris@bloomberglaw.com

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