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America April 23, 2024 3 mins read

Paul Hastings Expands into Boston with Seasoned Private Equity Team

America ı By Rais Lilia

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Paul Hastings Expands into Boston with Seasoned Private Equity Team

Paul Hastings LLP has made a significant stride by venturing into Boston, solidifying its foothold in the region with a seasoned private equity buyout team led by a former Sidley Austin LLP partner. This move underscores the firm's commitment to fortifying its global private equity platform.

Paul Hastings Adds Private Equity Team: Alexander Temel, the newly appointed global co-chair of Paul Hastings' private equity practice, brings with him 28 years of expertise blending business and law. Temel's approach emphasizes a pragmatic mindset, aiming to act as a strategic business partner rather than a conventional lawyer.

Paul Hastings Adds Private Equity Team: In his new role as the founding partner of Paul Hastings' Boston office, Temel expresses eagerness to collaborate with his colleagues locally and globally to further expand the firm's private equity practice. He emphasizes a team-oriented approach, aiming to leverage the diverse strengths of the team members to achieve collective success.

Temel's team represents heavyweight players in the private equity realm, including Goldman Sachs, Sixth Street, Great Hill Partners, and Thayer Street Partners. Their track record includes advising clients on high-profile transactions such as buyouts, investments, and recapitalizations.

Paul Hastings Adds Private Equity Team: Frank Lopez, the firm's chair, highlights Temel's leadership in private equity buyouts, affirming that his addition strengthens the firm's global private equity practice. Lopez underscores the firm's broad representation across various asset classes and anticipates the premier private equity team's contribution to gaining market share.

Temel commends Lopez and the firm's global managing partner, Sherrese M. Smith, for their agile growth strategy, combining reactionary and patient approaches. He acknowledges their unique leadership blend, distinguishing Paul Hastings from its peers.

While additional members of the Boston-based private equity buyout team are yet to be confirmed, sources indicate the inclusion of another Sidley partner, Bill Schwab. Temel and Schwab's longstanding professional collaboration adds further depth to the team.

Temel's Boston-based team joins counterparts led by global practice co-chair Scott Joachim, along with other partners who recently joined from Goodwin. This strategic alignment enhances the firm's capabilities across multiple locations.

The announcement coincides with the recent addition of Joshua Ratner, a former Goodwin partner, as a global vice chair of private equity. Ratner's presence further reinforces Paul Hastings' private equity expertise, particularly in its New York office.

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