Weil, Gotshal & Manges LLP served as co-counsel to the Legal Aid Society in a successful bid to temporarily block New York City from ending a program that provides rent subsidies to formerly homeless families.
The Advantage program, created in April 2007, offers up to two years of rent subsidies to eligible households transitioning from emergency shelters to permanent housing. Earlier this month the City, citing state budget cuts, announced that the subsidies would end on April 1, 2011. Acting on behalf of two families and a proposed class of approximately 15,000 Advantage families, Legal Aid sought to enjoin the City from discontinuing the subsidies, claiming that the terms of the program are not conditional on the City's financial situation or the availability of state funding.
Manhattan Supreme Court Justice Judith J. Gische issued the temporary restraining order on March 29, 2011. A hearing on a preliminary injunction will be held on April 21, 2011.
The Weil team included partners Debra Dandeneau and Konrad Cailteux; associates Isabella Lacayo, Jesse Morris and Adam Lavine; and paralegal Elizabeth McConville.
Weil, Gotshal & Manges LLP announced today that its London-based Private Equity practice group was awarded the Pan-European Legal Adviser Award at the British Venture Capital Association (BVCA)/Real Deals Private Equity annual awards dinner last night. This prestigious award, the winner of which is chosen by members of the private equity industry, is one of the United Kingdom's foremost private equity industry honors.
Weil, Gotshal & Manges LLP continues to grow its London resources with the recruitment of specialist employment lawyer Ivor Gwilliams, who will join Weil's employee benefits team as counsel. He starts at the firm on May 3, 2011.
Mr. Gwilliams qualified at Ashurst in 2000, where he worked on numerous private equity, corporate and restructuring deals, advising on boardroom appointments/removals and general employment advisory work. He moved to Debevoise in 2005, where he was the sole employment lawyer, advising both on transactions and the full range of employment law issues, both contentious and non-contentious. He has extensive experience advising on the employment aspects of a wide variety of M&A, private equity and outsourcing deals, as well as restructuring schemes and flotations.
In addition, Linton Bloomberg has been appointed counsel in the firm's Business Finance & Restructuring Department, also in the firm's London office. Mr. Bloomberg has a wide range of experience on both contentious and non-contentious insolvency matters and domestic and international restructurings, including representing JPMorgan in relation to Sigma Finance Corporation in the first-ever Supreme Court judgment.
Weil added three additional partners to its London office this year: Adam Plainer (Business Finance & Restructuring), James Hogben (Banking & Finance), and Rob Ferguson (Capital Markets).