NEW YORK--(BUSINESS WIRE)--Richards Kibbe & Orbe LLP today announced that the Wall Street law firm is changing its name to Kibbe & Orbe LLP, effective January 1, 2021. The name change of the firm, which is known for its work in financial markets and financial services, coincides with the departure of the firm’s litigators, who recently announced that they will be joining Perkins Coie on January 1. The firm’s corporate and regulatory groups have taken this opportunity to reorganize their services into four core practice areas, including the Credit Trading & Investing group, which will continue the firm’s widely heralded work with distressed asset trading and derivatives. The other three core practices areas are (i) Equity Investing, (ii) Regulation, Compliance & Governance and (iii) Restructuring & Bankruptcy.
All current corporate partners, counsels and associates are remaining with the firm, including three of its founding partners: Jon Kibbe, Bill Orbe and Michael Mann. Since they significantly contributed to the legal framework that facilitated widespread trading of distressed bank loans in the 1990s—virtually creating a market that now transacts a trillion dollars annually—the Kibbe & Orbe partners will continue to find innovative solutions for clients structuring and transacting in high-value investments and illiquid assets. Meanwhile, Mann and others at the firm bring vast experience from the Securities and Exchange Commission and to complex regulatory and compliance issues. Today, the lawyers of Kibbe & Orbe are extending their tradition of groundbreaking work into emerging areas like alternative finance and litigation funding.
The firm’s current client roster includes six of the top 10 global investment banks, six of the 10 largest private equity funds and 31 of the top 100 hedge funds, as ranked by assets under management. They are all clients of the firm’s corporate practices.
The geographic footprint of the renamed firm will remain the same, with practices in New York; Washington, D.C.; and London.