King & Spalding hired Scott Stengel, who specializes in bank regulatory, capital markets and restructuring matters, to the firm’s capital transactions and real estate practice in Washington, D.C.
Stengel was previously at Orrick, Herrington & Sutcliffe where he was also a partner.
He still plays an active role in the securitization market as well as the development of U.S. covered bonds as a member of the steering committee for Securities Industry and Financial Markets Association's U.S. Covered Bond Council.
He has also testified before the U.S. Senate Judiciary Committee on bankruptcy and housing issues and before the U.S. Senate Banking Committee and the U.S. House Financial Services Committee on covered bonds and financial market issues.
At his new position, Stengel will play a key role advising King & Spalding’s clients on various banking issues across the firm’s practices of capital transactions and real estate, corporate/mergers and acquisitions, finance, financial restructuring, and special matters and government investigations. He will also be part of the law firm's representation of financial institutions in congressional investigations, fund formations, distressed asset investments and international investment activities.
“We are always on the lookout for exceptional lawyers who can help expand our capabilities,” said Wick Sollers, managing partner of King & Spalding’s Washington, D.C., office. “Scott’s considerable bank regulatory and capital markets expertise, combined with his experience across a variety of transactional and litigation practices, will be invaluable assets to the firm and our more than 50 lending institutional clients. We are extremely pleased to bring Scott on board.”
“I’m pleased to be joining King & Spalding and look forward to working with the many talented lawyers here,” Stengel noted. “The firm’s stellar reputation, broad platform and collegial culture present me with a tremendous opportunity to grow and broaden my practice and to serve the ever-expanding needs of our clients.”