Broderick, Donnelly and team will focus on complex real estate transactions, including debt and equity transactions, and all types of restructurings, workouts and dispute resolution. Broderick, who joins from DLA Piper, previously practiced at Latham and was a Managing Director/Counsel for Lehman Brothers real estate and real estate private equity groups. He concentrates on real estate finance, mortgage and mezzanine financing, construction lending, debt syndication, preferred equity, bridge financing and other structured financings. He also handles defaulted mezzanine loans, UCC foreclosure actions, intercreditor/co-lender disputes and other complex defaulted financing transactions, real estate-related litigation, partnership disputes and bankruptcies.
“David is a trusted advisor in the real estate industry with an outstanding reputation for navigating extremely complex structured finance transactions and workouts,” said Jeffrey Steiner, global head of the firm’s Real Estate Finance Group. “As market demand increases at the intersection of real estate and finance, David and Brian’s arrival will enhance our unique position to serve the growing needs of both foreign and domestic institutional clients in highly sophisticated transactions.”
Broderick has extensive experience across many facets of the real estate industry, particularly in debt and equity origination, asset management workouts, litigation and bankruptcies, loan securitization and syndication. He has worked on real estate fund formations, financing facilities and private equity asset level transactions sale and leaseback transactions.
Broderick and Donnelly will work closely with Steiner and colleagues Scott Weinberg, Dino Fazlibegu and Robert Unger, who joined the firm in March 2018 and together provide a range of real estate finance services for developers, lenders, operators, private owners and real estate investment trusts, and landlords and tenants.
“I respect the collaborative nature of McDermott, which is truly critical to offering strategic and comprehensive client counsel,” said Broderick. “The real estate team in New York is top-notch, and I’m looking forward to working with them as well as colleagues across the firm’s corporate finance offerings.”
On August 1, Rachel Kelly will join the Corporate & Transactional Practice Group in London, where she will focus on securitizations and other structured financings. Kelly represents and advises all market participants, including lenders, arrangers, originators, services, issuers, investment managers, funds and bondholders. Her experience includes working in all business sectors and across all major asset classes, with particular expertise in commercial and residential real estate, infrastructure and warehouse financing, as well as collateralized loan obligations, collateralized debt obligations, credit funds and other structured products. Consistently ranked by Chambers and The Legal 500, Kelly brings 30 years of market experience to enhance the firm’s international real estate finance capabilities. She will work closely with Laurence Rogers, Neville Wright and Tom Calnan, who joined the firm in May 2018.
“Our expanding real estate finance team gives us the ability to bring even broader experience to our clients across issues and geographies,” added Ira Coleman, chairman of McDermott. “In partnering with both our existing and new clients, we know that this team is second to none–and that’s what we aim for in all that we do.”
McDermott’s Corporate & Transactional Practice represents business interests around the world, from global corporations and industry-leading companies to privately funded and entrepreneurial driven enterprises, as well as the financial institutions that support them. McDermott consistently ranks in the leading league tables, including Mergermarket ,Thomson Reuters, Bloomberg and PitchBook. The Corporate & Transactional Practice Group was named “Team of the Year” for Middle Market M&A/Buyouts by The Legal 500 and is highly ranked by Chambers in the United States, Germany and the United Kingdom.
McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1,000 lawyers, we have offices in Boston, Brussels, Chicago, Dallas, Düsseldorf, Frankfurt, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Paris, San Francisco, Seoul, Silicon Valley and Washington, DC. Further extending our reach into Asia, we have a strategic alliance with MWE China Law Offices in Shanghai.