Nixon Peabody LLP has named Richard F. Langan, who has been the leader of its Business Practice Group, as head of the firm's Business Department, which includes more than 260 attorneys in over 25 practice areas.
Mr. Langan will be succeeded as head of the Business Practice Group by Jonathan R. Karis, who since joining Nixon Peabody in February 2003 has been head of the firm's Venture & Technology Team.
Mr. Langan has been a partner at Nixon Peabody since 1988 and has been an integral part of its growth into a national firm in recent years. He is also serving as a member of the firm's management committee and will be based in Nixon Peabody's New York office.
In his new role, Mr. Langan will focus on building new and existing client relationships and further advancing Nixon Peabody's nationally recognized business and corporate finance practice and by utilizing the firm's leading technology, knowledge management and service delivery systems to leverage the firm's depth of experience and diversity of talent and provide added value to the companies and institutions Nixon Peabody represents.
Mr. Karis is a partner in the firm's Boston office and, in his new role, he will oversee the strategy for continued growth of the Business Practice Group in the United States and abroad.
In addition to leading Nixon Peabody's Business Practice, Mr. Karis will continue his practice, which focuses on the representation of technology-based, private-equity-backed businesses and venture capital funds. In recent years, Mr. Karis has developed a particular concentration in the representation of privately-held businesses seeking to position themselves for and ultimately obtain liquidity for their investors.
The firm's Business Practice Group is comprised of over 100 attorneys and includes such specialties as mergers & acquisitions, private equity, securities laws, tax, and international law.
Nixon Peabody was ranked sixth by The Private Equity Analyst among national law firms for the number (103) of private equity and venture capital funds negotiated or structured on behalf of general or limited partners in 2003. The publication also ranked Nixon Peabody 17th among law firms nationally in the number (72) of private equity and venture capital deals the firm closed in 2003.
Nixon Peabody's Private Equity practice consists of approximately 60 practitioners and provides counsel to private equity and venture capital funds and investors. The team represents fund sponsors, institutional investors and high net worth individuals, as well as funds in connection with portfolio investments both in the buyout and venture capital areas.