Mr Paul Epstein > A&O Shearman > New York, United States > Lawyer Profile

A&O Shearman
599 LEXINGTON AVENUE
NEW YORK, NY 10022-6069
NEW YORK
United States

Work Department

Project Development & Finance

Position

Partner

Career

Paul focuses on complex financing, project and acquisition matters across the infrastructure and energy sectors, both domestically and internationally.

His clients are both private and public sponsors, lenders and issuers inclusive of corporations, insurance companies, funds, other financial institutions. Paul assists his clients on the development, structuring and financing of infrastructure and energy projects across asset classes, including roads, bridges, tunnels, airports, ports and power, including campus and district energy facilities. Additionally, a key differentiator in Paul’s practice is his in-depth experience with specialized projects, including water and waste facility development and financing, where he is one of the most active U.S. practitioners having advised on numerous matters, energy transition where he is sought after for first in-kind matters and digital infrastructure.

Paul is a leader in the representation of sponsors and lenders in the public-private partnership (PPP) space, particularly the representation of infrastructure funds and strategic investors on their investments in and development of PPP assets and lenders of all types, private and public, in in debt financings of PPP assets.

Paul also has extensive experience over decades advising governmental agencies on projects and financings (including PPPs), in particular the U.S. Department of Transportation (DOT) on the TIFIA and RRIF programs, the Federal Railroad Administration (FRA) on rail infrastructure projects, the U.S. Environmental Protection Agency (EPA) on the WIFIA program, and the U.S. Department of Energy’s Loan Programs Office on its financing programs.

Languages

English; French

Lawyer Rankings

United States > Finance > Project finance

‘One of the most active firms in the area of project finance’, with the ability to ‘provide a keen understanding of what’s going on in the market at any time’, A&O Shearman advises marquee industry players alongside a wealth of financial sponsors and asset managers on a broad range of renewables and energy transition assets, as well as large-scale infrastructure projects that includes airport expansion work, toll road developments, and university utility ventures – amongst others. Los Angeles’ Dorina Yessios heads up  the US projects, energy, natural resources and infrastructure practice and is lauded for her ‘ample experience in Latin American markets’. Scott Cockerham joined the Washington DC office from Orrick, Herrington & Sutcliffe LLP in 2023 to add further tax equity financing and tax credit transaction expertise to the group, with a strong focus on renewables work, while the Los Angeles-based Matthew Nesburn‘s broad skillset is frequently utilized by clients engaged with early stage energy projects. Jennifer Wnek is a key figure in New York for renewables financings, with recent work highlights heavily featuring large-scale solar portfolios. Infrastructure specialists Kent Rowey and Jillian Ashley operate out of New York and Los Angeles respectively and have extensive experience counselling on the full asset lifecycle, and boast a number of significant projects in their book of work that includes the JFK New Terminal One PPP and the SH 288 toll road in Texas. New York’s Nisim (Niso) Matari is a crucial supporting presence on infrastructure matters relating to lenders, sponsors and investors, while the Washington DC-based Michael Sykes has a growing practice primarily focused on federal income tax issues. John Marciano left the practice in October 2023. Sam Kamyans left the firm in June 2023, while Greg Lavigne departed in October 2023. Following the merger of Allen & Overy and Shearman & Sterling, the practice has further expanded its capabilities. Shearman & Sterling LLP‘s client roster comprises of a host of large-cap private sponsors, multinational lenders, and government agencies who engage the firm for representation in big-ticket, consequential PPP transactions – from the structuring, procurement, development and financing. Key components of the firm’s varied work include transport and aviation projects, domestic and international desalination facilities, microgrid developments, and university campus and utility upgrades. The practice is chaired by the highly experienced Cynthia Urda Kassis, who advises on complex cross-border energy and infrastructure projects with the capabilities to preside over bespoke financing structures. Paul Epstein is highly active and is a key name for major government agencies such as the US Department of Transport, the U.S Environmental Protection Agency, and the US Department of Energy, advising on financing and development issues. Mona Dajani  left the firm in December 2023, whereas Jorge Medina departed in January 2024 and former practice co-head Daniel Sinaiko left in April 2024.