Continuing its rapid expansion, King & Spalding has announced that it is opening an office in Charlotte, NC, its third new office in the last year and its eighth worldwide location.
The firm is immediately bringing on board four partners and an associate from the Charlotte-based law firm of Kennedy Covington. Joining King & Spalding as partners in the Charlotte office are Jeff Brown, who will serve as office managing partner, George Covington, Cory Hohnbaum and Mark Thigpen. Wen Hutchinson is joining as a counsel.
In addition to litigation and real estate practices, the new office will also have corporate and finance practices.
"The timing is right to establish a significant presence in the region," said Robert D. Hays Jr., chairman of King & Spalding. "Charlotte is the largest city within the nation's fifth largest urban region, the second largest financial center in the nation, behind only New York, and among the top five cities for Fortune 500 corporate headquarters."
King & Spalding's latest expansion comes on the heels of its strong performance in 2006, which included a 13.2 percent increase in revenue and a 24.8 percent increase in net income. The firm also opened an office in Dubai, United Arab Emirates, in December 2006, and in Riyadh, Saudi Arabia, in April of this year. The firm, based on its 2006 performance, moved up two positions in the American Lawyer's 2007 rankings of the top 100 U.S. law firms, to 36th place.
Mr. Brown focuses on real estate development and finance as well as land use and economic development matters. Mr. Covington is a litigator specializing in the representation of financial institutions and handles major litigation in jurisdictions across the country. Mr. Hohnbaum is a litigator whose practice focuses on financial services litigation in jurisdictions throughout the country. Mr. Thigpen represents regional, super-regional and national real estate developers and equity investors in acquisition, financing, disposition, leasing, joint venture agreements, mixed-use development and equity placement.