What's Happening?
Latham & Watkins LLP has expanded its restructuring practice by hiring Ryan Dahl, the chair of Ropes & Gray LLP’s business restructuring practice group, along with partners Natasha S. Hwangpo and Benjamin
M. Rhode. Dahl, who joined Ropes & Gray in 2020, has a background with Weil Gotshal & Manges LLP and Kirkland & Ellis LLP. This strategic move aims to bolster Latham’s capabilities in restructuring, particularly in its Chicago and New York offices.
Why It's Important?
The acquisition of key partners from Ropes & Gray by Latham & Watkins signifies a strategic enhancement of its restructuring practice, which is crucial in navigating complex financial and corporate challenges. This move could strengthen Latham’s position in the competitive legal market, offering more comprehensive services to clients facing restructuring needs. The expertise of these partners may attract new business and reinforce existing client relationships, impacting the firm’s growth and market presence.
What's Next?
Latham & Watkins may leverage the expertise of its new partners to expand its restructuring services, potentially leading to increased client acquisition and retention. The firm could focus on high-profile restructuring cases, enhancing its reputation and influence in the legal industry. Competitors may respond by reinforcing their own restructuring teams, leading to further talent acquisitions and strategic shifts in the market.
