United States: Thelen Reid Brown Raysman & Steiner LLP To Open London Office
Last Updated: December 20 2006

San Francisco and New York (December 20, 2006)—Thelen Reid Brown Raysman & Steiner LLP announced today that it will open a London office by year’s end to service the firm’s investment banking clients.

The decision to open a London office was made just two weeks after the firm was created through the December 1 merger of Thelen Reid & Priest and Brown Raysman Millstein Felder & Steiner. According to firm management, the timing of the expansion was accelerated to support immediate client needs in the area of real estate finance. A London office will be the firm’s first in Europe and ninth office overall.

The firm’s real estate finance practice, which is headed by partner Jeffrey Steiner, is nationally recognized for its representation of Wall Street investment banks and institutional lenders in complex structured finance transactions. Over the past several years, the firm has closed in excess of $25 billion of loans for financial institutions, including investment banks, private equity funds, commercial banks, insurance companies, and pension funds.

The London office will initially be staffed by two partners from the firm’s Business and Finance Department and two mid-level associates, all relocating from the United States to London.

"The decision to open in London was driven by a need to provide services to some of our most important clients," said Co-Chair Stephen V. O’Neal.

Jeffrey Steiner added that European expansion is essential to the growth of the real estate finance practice. "Entry into the European market is essential to the practice," Steiner said. "But to open an office so soon after the merger is indicative of how the merger has been perceived by our clients. We had to move quickly to keep up with demand."

The London office will be Thelen’s second international office to open this year, giving the firm a footprint in the key money centers of the world, New York, London, and Shanghai. The firm received its license for a Shanghai office in August, a few months prior to the merger that created the now 630-lawyer firm, which has over 250 lawyers in New York.

The firm will also continue to participate in Masons Thelen Reid, a joint venture with Pinsent Masons launched in 2003 focused on international construction and engineering clients.

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