Law firm Nixon Peabody is boosting its distressed investing and trading team by adding two seasoned associates, Patrick Maschio and Roberto Ristorucci. The new hires will be based in the New York City office.

The distressed investing and trading team is led by partner Doug Schneller who joined Nixon Peabody earlier this year.  It consists of six lawyers and paralegals.

Maschio and Ristorucci join Nixon Peabody from Kramer Levin Naftalis & Frankel. They represent commercial banks, investment banks and hedge funds that invest and trade in distressed situations. They also advise domestic and international clients in a wide range of sophisticated transactions in the distressed debt market.

“Given the current economic climate and the increasing demands among our financial institutions to be serviced by finance lawyers covering both the primary and secondary markets, the addition of Patrick and Roberto will allow us to continue building our secondary market capabilities both in New York and in London,” said Mats G. Carlston, leader of the firm’s global finance practice.

“I worked closely with Patrick and Roberto at my prior firm,” Schneller said. “I’ve seen first-hand their ability to handle a high volume of complex loan and claims trading work for sophisticated clients.”

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