In the Marketplace

Troutman Sanders LLP has announced the addition of Craig M. Kline and Philip H. Spector as partners in the law firm's New York office. Kline joins the firm's Lending & Structured Finance and Energy practice groups, and Spector joins the Tax group. They join Troutman Sanders from the law firm of King & Spalding in New York City, where they worked together for six years, Kline as a partner since 2004 and an associate from 2001 to 2004, and Spector as a partner since 2001. They were responsible for the firm's equipment and facility leasing practice. At Troutman Sanders they will continue to focus their practice on representing banks and other capital providers as investors, lenders, and credit support providers in a wide variety of financial transactions. They bring a strong range of experience with tax-based asset finance, including domestic and cross-border leveraged leasing, operating leasing, and project finance, with an emphasis on renewable energy finance.

Dewey Ballantine LLP of New York has added two partners to the firm's structured finance group. Patrick de Carbuccia and Alexander G. Fraser are joining Dewey from the New York office of Reed Smith. This move follows the recent addition of two other partners from Reed Smith, John J. Altorelli and Jeffrey A. Potash, who also became Dewey structured finance partners. Both de Carbuccia and Fraser specialize in general corporate transactions, with a particular emphasis on private equity funds. Dewey is reportedly increasing its structured finance practice to accommodate an expected rise in 'asset-backed buyouts,' which are gaining favor with private equity groups.