Willkie Broadens Global Insurance Platform with Addition of Prakash Paran as Partner and Gabriel Gershowitz as Counsel in New York

New York, NY (October 6, 2021) --- Willkie Farr & Gallagher LLP today announced the addition of Prakash “PK” Paran, who has joined the Firm as a partner in the Insurance Transactional and Regulatory Practice. In addition, Gabriel Gershowitz has joined the Firm as counsel. Both are based in Willkie’s New York office.

“PK is a prominent addition to our leading global insurance practice, which is a core strength of the firm with exceptional full-service capabilities serving the insurance and reinsurance industry,” said Firm Chairman Thomas Cerabino. “PK and Gabe have significant experience in complex global insurance matters which further bolsters our transactional and regulatory platform across the U.S. and UK to serve our clients’ expanding needs.”

PK Paran is an insurance transactional lawyer experienced in leading cross-border teams in the representation of clients throughout the U.S., UK, Europe and Asia in high-value strategic corporate transactions across various regulated sectors. His core areas of focus include mergers and acquisitions, joint ventures, strategic partnerships and corporate reorganizations. Now in New York, PK was previously based in London for more than 20 years.

Gabe Gershowitz’s practice is focused on transactions involving insurance and insurance regulatory matters, including acquisitions and dispositions of insurance and reinsurance companies and intermediaries, structuring and negotiation of transactional liability insurance policies such as representations and warranties and tax policies, reinsurance arrangements, and insurance company restructurings and rehabilitations.

PK commented: “Willkie’s longstanding relationships with key U.S., European and UK insurers and brokers and its integrated approach to serving clients’ needs is an ideal fit and there are enormous synergies with Willkie’s private equity practice and client base. I look forward to working with the extremely talented and expanding team at Willkie to achieve continued success and growth for our clients.”

The arrival of PK and Gabe follows the April addition of partners Kara Baysinger, Stephanie Duchene, Matthew Gaul and David Heales to Willkie’s Insurance Transactional and Regulatory Practice in California and New York. Willkie is also actively looking to further expand its insurance transactional practice in the London market as it continues to grow its London office, which now has approximately 100 lawyers.

Willkie’s Insurance Transactional and Regulatory Practice is described as the “preeminent transactional practice” with “standout experience,” in Chambers USA (2021) and “commercially pragmatic” with “depth of knowledge and efficiency” in Chambers UK (2021). The group represents insurance companies, reinsurers, insurance intermediaries, insurtechs, investment banks, sponsors and other financial institutions in M&A, capital markets and regulatory matters in the United States, London, Europe, Asia and Bermuda. Our multidisciplinary team, ranked Band 1 by Chambers USA 2021, Legal 500 US 2021 and Legal 500 UK 2022, comprises over 35 partners and is among the largest in both the United States and in London.

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Willkie Farr & Gallagher LLP is an international law firm of approximately 1,000 attorneys with offices in Brussels, Chicago, Frankfurt, Houston, London, Los Angeles, Milan, New York, Palo Alto, Paris, Rome, San Francisco and Washington. The Firm is headquartered in New York City at 787 Seventh Avenue.

Tel: 212.728.8000.

Willkie Welcomes IP Litigator Krista Schwartz in San Francisco

New York, NY (October 5, 2021) --- Willkie Farr & Gallagher LLP today announced that IP litigator Krista Schwartz has joined the Firm as a partner in the Intellectual Property Department. She is based in Willkie’s San Francisco office. She was previously a partner at Hogan Lovells.

“We are thrilled to welcome Krista to our growing team of litigators on the West Coast,” said Simona Agnolucci, co-managing partner of the San Francisco office. Co-managing partner Benedict Hur added, “Krista is a seasoned and versatile trial lawyer and IP litigator known for her effectiveness in the courtroom and deep technical knowledge. She will be a strong addition to our team here and to Willkie’s expanding technology-focused platform in the Bay Area.”

A first-chair trial attorney focused on IP litigation, Krista represents many of the world's largest technology companies in patent, copyright, trade secret, and complex IP cases. She has tried patent, copyright, and contract cases to verdict. Her practice focuses on technologies ranging from search engines, semiconductors, cellular devices, and medical devices to electronic design automation and operating systems software. She also handles complex software copyright cases.

Krista holds several advanced technical degrees, and prior to law school, she worked for AT&T Bell Labs, where she was an inventor on more than 20 patents relating to desktop video conferencing. A top-ranked practitioner, Krista has been named a leader in her field by industry publications.

Krista Schwartz commented: “Willkie is an ideal platform for my IP litigation and technology-focused practice. I look forward to working with the team’s talented practitioners to expand our practice on the West Coast and help clients navigate complex and cutting-edge IP disputes.”

Krista’s arrival follows the addition of other notable technology litigation partners to the Firm this year, including San Francisco-based litigator Jonathan Patchen, and Washington, DC-based patent litigators Indranil Mukerji, Head of Tech Patent Litigation, and Stephen Marshall.

Willkie’s Intellectual Property Department represents clients from across the globe in litigation, transactions, counseling, and licensing on issues involving patents, trademarks, copyrights, domain names and trade secrets. Our experience covers most industries and technologies, including pharmaceuticals, biologics, computer hardware and software, semiconductors, medical devices, consumer products, information and financial services, electronic devices, traditional and new media publishing, e-commerce, energy, sports, insurance, and music rights.

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Willkie Farr & Gallagher LLP is an international law firm of approximately 1,000 attorneys with offices in Brussels, Chicago, Frankfurt, Houston, London, Los Angeles, Milan, New York, Palo Alto, Paris, Rome, San Francisco and Washington. The Firm is headquartered in New York City at 787 Seventh Avenue.

Tel: 212.728.8000.

Inovalon to Be Acquired by Equity Consortium for $7.3 Billion

Inovalon (Nasdaq: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, entered into a definitive agreement to be acquired by an equity consortium led by Nordic Capital, and joined by Insight Partners, as lead co-investor, 22C Capital, and Inovalon founder and Chief Executive Officer Keith Dunleavy, M.D. and certain Class B stockholders of Inovalon in an all-cash transaction with an enterprise value of approximately $7.3 billion.

Under the terms of the agreement, Inovalon stockholders will receive $41.00 per share in cash for each share of Class A Common Stock or Class B Common Stock. Upon completion of the transaction, Inovalon will become a private company with greater flexibility to focus on strategies that drive innovation and global market development. The company will maintain its headquarters in Bowie, Maryland.

Inovalon is a leading provider of cloud-based platforms empowering data-driven healthcare, bringing to the marketplace a national-scale capability to interconnect with the healthcare ecosystem, aggregate and analyze data in real time, and empower the application of resulting insights to drive meaningful impact at the point of care. Inovalon’s technology platforms and analytics are informed by data pertaining to more than one million physicians, 584,000 clinical facilities, 338 million Americans, and 63 billion medical events.

Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments.

Nordic Capital is a leading private equity investor with focus sectors that include Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services, targeting Europe and globally for Healthcare and Technology & Payments investments. 22C Capital is a private investment firm committed to delivering capital and critical resources to companies operating at the intersection of technology enablement and data analytics adoption.

The Willkie team was led by partners Morgan Elwyn and Danielle Scalzo and included partner Vadim Mahmoudov and associates Ann-Christine Stepien and Caitlin Link.