ALSTON & BIRD HAS swiped a 13-attorney structured finance practice in Charlotte, N.C., from the headquarters of local firm Kennedy Covington Lobdell & Hickman. The group handles commercial mortgage-backed securities-bonds backed by commercial real estate mortgages-as well as residential mortgage-backed securities and other asset-backed securities.
The practice is lead by J. Patrick Hayden, previously the chair of the structured finance group at Kennedy Covington, who joins as a partner, as do Brian C. Cox, Bradley H. Johnson and William B. Macurda. They bring nine other attorneys with them, giving the firm 36 debt-finance attorneys in its Charlotte office, according to its Web site.
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