International disputes law firm Kobre & Kim has continued its string of recent hires with the addition of Daniel Saval, a cross-border insolvency partner who joins the firm’s New York office from Brown Rudnick.
Saval’s hire, which Kobre & Kim announced on Tuesday, makes him the fifth insolvency lawyer to join the firm this year. His addition also comes amid a period of expansion that helped land the firm—which focuses on international disputes and investigations involving allegations of fraud or misconduct—among the Am Law 200 for the first time this year.
Saval previously spent about 14 years at Brown Rudnick, serving most recently as a partner in that firm’s bankruptcy and corporate restructuring and international disputes practices. He has a wide-ranging insolvency practice that has included work on Chapter 11, Chapter 15 and creditors rights’ matters, and has represented ad hoc lender committees, as well as clients in the transportation, energy, financial, gaming, telecommunications and other sectors.
Among other matters, Saval had a hand in representing entities tied to billionaire Carl Icahn in Trump Entertainment Resorts bankruptcy proceedings over failed casino ventures in Atlantic City, New Jersey. In that matter, he litigated issues related to the confirmation of a restructuring plan, such as the termination of intellectual property rights and whether provisions of agreements between creditors could be enforced, according to his Kobre & Kim biography.
At Kobre & Kim, Saval will join four other insolvency lawyers who came on board this year—Farrington Yates, Adam Lavine and George Utlik in New York, as well as Mark Griffiths in London. In a statement, Yates trumpeted Saval’s background as a strong addition to Kobre & Kim’s insolvency disputes team.
“Dan is a dynamic and talented lawyer who is exceptionally positioned to meet our clients’ unique, multijurisdictional needs,” Yates said. “His breadth of experience, including relating to asset recovery, will support and surely enhance the firm’s insolvency litigation practice.”
Saval said in an email on Wednesday that he was looking forward to working with Kobre & Kim lawyers stationed throughout the United States and elsewhere in the world.
“Because I focus my practice on contentious cross-border insolvency matters, Kobre & Kim’s global presence provides an ideal platform for serving clients in multijurisdictional disputes,” he said.
With the hire of Saval and other recent additions to its insolvency litigation group, the 14-year-old Kobre & Kim continues a period of growth. The firm landed on the Am Law 200 this year, coming in at 191st on the list, with gross revenues of $101 million in 2016.
Still, firm leaders have tried to limit the rate at which Kobre & Kim expands, The American Lawyer reported in May. The firm views growth as a way of giving younger lawyers a chance to do meaningful work, but it can also pose challenges when it comes to giving clients uniform, high-quality services, firm co-founder Michael Kim told The American Lawyer at the time.
“Growth is a problem for us,” Kim said in the May article. “Growth happens despite what we’re trying to do.”