Aviation finance specialist Deepak Reddy has joined the partnership at Winston & Strawn in New York, after relocating from Dentons.
Reddy, 43, said his hire would help Winston & Strawn grow its aviation finance practice, which is a strategic priority for the firm on both sides of the Atlantic.
“The firm is looking to take the practice to the next level and I am part of that effort. It is really firing on all cylinders,” he continued. “We are not satisfied with just being strong in New York and London. We intend to be a real global player – to be one of the top two or three firms in the aircraft finance space.”
Winston & Strawn already has a strong aviation finance team in the US and UK, with partners Mark Moody and Chris Boresjo in London, Peter Morgan and Michael O’Brien in Chicago, and Bill Bowers in New York, he said.
“It is a great move [for me] given the firm’s desire to strengthen its aviation finance practice. It is a core focus of the firm’s management,” he said.
Asked why he moved at this point in career, he said he was keen to lay down a marker at a new firm.
“I’m midway through my career, having worked in aircraft finance for 17 years. If I was going to make a strong move, the time was now. I did not to want to wait until later in my career, when my runway may not be as long,” he said. “This move gives me the opportunity to leave my mark at the firm.”
Reddy, whose start date was 13 February, has advised aircraft lessors and investment funds on the acquisition of aircraft and aircraft-related debt across the globe, although he is unable to mention client names.
He said he has developed a strong foothold in China and Hong Kong, advising startup-sized aircraft lessors on large portfolio acquisitions of up to 20 aircraft from market leading lessors, such as AerCap.
Dom DeChiara, who chairs Winston & Strawn’s corporate department, said the firm is focused on building a strong aircraft finance team, to complement its expanding global transportation practice.
“Deepak brings significant experience in aircraft finance that will be critical to achieving that goal and in supporting our clients,” he said.
Mats Carlston, who co-chairs the firm’s finance practice, said Reddy is recognised as a well-regarded, up-and-coming attorney.
“His abilities and clients fit squarely within our objective of broadening our global high-end transportation finance practice with additional talent in the US and elsewhere,” Carlston said. “He brings added depth to our New York team, which works in concert with our Chicago and London teams to provide a global capacity in aircraft finance.”
Reddy started his career at Weil Gotshal & Manges in 2000, before moving to Jones Day in 2010, where he became counsel. He joined Dentons in 2014, where he worked as a partner until February this year.