King & Spalding hires Arthur Steinberg in new bankruptcy division

By Devika Patel

Knoxville, Tenn., Oct. 22 - King & Spalding announced in a press release that Arthur Steinberg, a high-profile financial restructuring lawyer with 29 years' experience, has joined the firm's New York office.

Steinberg is the seventh bankruptcy lawyer the firm has hired in the past 16 months and continues the firm's expansion of its restructuring practice, including the addition of a bankruptcy practice in Houston.

"Arthur augments King & Spalding's already comprehensive financial restructuring and bankruptcy practice by broadening our national capability in New York -- one of the most active bankruptcy courts in the United States," King & Spalding's financial restructuring practice group's head, Paul K. Ferdinands, said in the release.

Steinberg joins King & Spalding from Kaye Scholer LLP, where he was a partner and co-head of the business reorganization and creditors' rights department.

He has represented a broad range of clients, including debtors, creditors' committees, secured and unsecured creditors groups/individuals, distressed investors and asset buyers and parties to bankruptcy related litigation. He also has acted as a receiver and Investment Company Act trustee for failed hedge funds and investment advisors.

Steinberg earned a bachelor's degree, cum laude, from Columbia University and a law degree from New York University School of Law, order of the coif.

King & Spalding is an international law firm based in New York.

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