Proskauer Rose, a major international law firm, has recently expanded its private funds practice by recruiting Howard Frankel as a partner in its New York office. Frankel, formerly of the law firm Latham & Watkins, is anticipated to significantly bolster Proskauer’s capabilities in this critical area of legal practice. His arrival is seen as a strategic move to further enhance the firm’s expertise in advising clients on the formation and management of private investment funds.
Frankel brings with him years of experience in structuring and managing private equity funds, as well as hedge funds, offering a nuanced understanding of the legal complexities involved in these financial instruments. His proficiency is expected to align well with Proskauer’s strategy to grow its service offerings for investment management firms. According to Bloomberg Law, his expertise also extends to regulatory compliance, a critical area for fund managers navigating an evolving legal landscape.
This move comes at a time when the private funds sector is experiencing considerable growth, driven partly by increased investor interest in alternative assets amid a volatile market environment. The addition of Frankel is expected to enhance Proskauer’s ability to cater to the sophisticated demands of its clients, which include some of the largest institutional investors and fund sponsors globally.
Frankel’s decision to join Proskauer reflects a broader trend among elite law firms attracting top talent to fortify their financial services practices. His transition underscores the competitive nature of the legal market, where firms continuously seek to expand their expertise and client offerings by integrating experienced legal professionals into their ranks.
For Proskauer, this appointment is part of a broader strategy to capitalize on the burgeoning private funds sector. The firm has been actively seeking to strengthen its position in this market through targeted hiring and strategic initiatives. By bringing Frankel into the fold, Proskauer aims to solidify its reputation as a leading law firm in advising on complex private fund matters.