Paul Hastings LLP has been on upward trajectory in the leveraged finance market for the last decade, with a series of astute recent hires reaching its apogee in 2022 with the recruitment of a team of high-profile finance lawyers from top-tier outfit Latham & Watkins. Consequently, the firm now has the critical mass and product knowledge, particularly in the big-ticket lender side bank and bond market (where it is well-versed in advising on European and US-style documentation), to provide a truly credible alternative to its magic circle and white shoe US firm competitors. The team is jointly chared by Ross Anderson and Mohamed Nurmohamed, who are both able to draw on significant cross-border leveraged finance experience across a diverse array of financial products. Former practice co-head Luke McDougall left the firm in May 2024.