Laurence Pettit jumps to Kramer Levin

Published 1 Min Read

Structured finance attorney Laurence Pettit has moved as a partner to Kramer Levin Naftalis & Frankel from Baker & McKenzie. In the ABS realm, Pettit has worked on private student loans, life settlements, structured settlements, diversified payment rights, consumer loans and trade receivables. His CV extends beyond the U.S., with deals backed by assets from Russia, Turkey, the UK, and Japan.

Also hopping from Baker & McKenzie to Kramer Levin are Pettit’s colleagues Gilbert C. Liu and Richard D. Rudder, both of whom work in the structured finance space as well. The three will continue practicing in the same areas, with some nuances, such as a potentially greater focus on the commercial real-estate area, given Kramer Levin’s strengths.


For reprint and licensing requests for this article, click here.


More From Asset Securitization Report

Appreciating Esoterics

For years esoteric ABS kept its little brother status in a securitization market that was largely dominated by more conventional asset classes. However, with the U.S. mortgage securitization market still at a standstill, industry players are now more free to appreciate the art of structuring esoteric ABS. Historically, esoterics have been a small part of […]

Pettit Jumps to Kramer Levin

Structured finance attorney Laurence Pettit has moved as a partner to Kramer Levin Naftalis & Frankel from Baker & McKenzie. In the ABS realm, Pettit has worked on private student loans, life settlements, structured settlements, diversified payment rights, consumer loans and trade receivables. His CV extends beyond the U.S., with deals backed by assets from […]

Pettit Hops Over to Kramer Levin

Structured finance attorney Laurence Pettit has moved as a partner to Kramer Levin Naftalis & Frankel from Baker & McKenzie. In the ABS realm, Pettit has worked on private student loans, life settlements, structured settlements, diversified payment rights, consumer loans and trade receivables. His c.v. extends beyond the U.S., including deals backed by assets from Russia, Turkey, […]

CMBS Inclusion in TALF Stabilizes Spreads

With the first round of the Federal Reserve’s Term Asset-Backed Loan Facility (TALF) for CMBS set for the end of June, market players remain cautiously optimistic that the program could add some much-needed momentum to the sector. However, experts said that it won’t serve as cure-all for the fundamental problems that the CMBS market faces. […]

Covered Bond Experts Develop U.S. Paradigm

As ABS industry participants scour the market for new deals, covered bonds remain a beacon of potential liquidity for the desiccative pipeline. One question, however, remains: Where are these new programs? Earlier this summer, when the Federal Deposit Insurance Corp. (FDIC) released a final policy statement on the covered bond market and the U.S. Deptartment […]