DLA Piper announced today that Prakash "PK" Paran has joined the firm's New York office as a partner in the Corporate practice. Paran, who serves as global co-chair of the firm's Insurance sector practice, was previously a partner in DLA Piper's London office.
Since joining DLA Piper seven years ago, Paran has played an important role in helping to build a leading global insurance, reinsurance and financial services sector practice. In particular, together with teams across the US, UK, Europe, Asia and elsewhere, Paran has helped clients to execute high-value and strategic corporate transactions across a number of regulated sectors. His move to New York advances and supports clients' interests in the Americas while still enabling him to work closely with European and Asia Pacific-based clients and colleagues.
"PK is at the heart of our global insurance, reinsurance and M&A practice," said Michael Murphy, global co-chair of DLA Piper's Insurance and Reinsurance sector practice. "PK's move to the US comes after spending significant time in our London hub and strengthens our ability to provide best-in-class M&A and corporate support for our most important clients in the Americas and around the world."
"We are pleased that PK will be joining us in the Americas, where he already spends a significant amount of time," said Joe Alexander, global co-chair of DLA Piper's Corporate and Private Equity practices. "Insurance is a critical sector that DLA Piper is focused on worldwide, primarily because our clients, both corporate and private equity, are focused on it. We expect sustained economic growth, rising interest rates and higher investment income to continue to benefit the sector in the short term, while challenges over the longer term like a potential economic slowdown and continuing tariff/trade disputes may affect the sector negatively. In either case, DLA Piper will be ready to effectively service our clients, as we will continue to invest in this very important practice both organically and through recruitment."
Paran is not admitted to practice law in New York, but is licensed as a foreign legal consultant.