Law firm Squire Patton Boggs has expanded its public and infrastructure finance practice with the hiring of Karol Denniston as a partner, resident in the firm’s San Francisco office.
Denniston joins from US law firm Schiff Hardin, where she served as partner of the restructuring, bankruptcy and creditors’ rights group.
At Squire Patton Boggs, she will also be working closely with lawyers in the firm’s global restructuring and insolvency practice group.
Over the course of her 25-year career, Denniston has advised clients in restructuring and insolvency proceedings, particularly Chapter 11 reorganizations, Chapter 9 municipal restructurings and out of court workouts in both domestic and international markets, according to the statement.
“As infrastructure replacement and expansion needs accelerate in the US and public resources become ever more constrained to meet both existing obligations and new demands being placed upon government, the public and private sectors are compelled to find creative, multi-faceted solutions,” the firm’s chair of global public and infrastructure finance group, Bruce Gabriel, said.
“Karol’s interdisciplinary focus on the private banking and capital markets and substantial experience with municipal restructuring matters will enable her to contribute mightily, across our national public infrastructure and finance platform, to the development and execution of sound solutions,” he added.
In addition to her restructuring expertise, Denniston was also the primary author and played a key role in the passage of Assembly Bill 506, which requires municipalities in California to participate in a neutral evaluation process before filing for bankruptcy.
A US-based firm, Squire Patton Boggs employs more than 1,500 lawyers in 44 offices in 21 countries. With expertise spanning all key sectors, the firm is also known for its preeminent public policy practice and deep-rooted relationships in Washington DC and Brussels.