Law firm expands energy, infra practice

Wilson Sonsini Goodrich & Rosati has named Ira M. Palgon a partner to expand its growing energy and infrastructure finance practice.

Wilson Sonsini Goodrich & Rosati has named Ira M. Palgon a partner to expand its growing energy and infrastructure finance practice, the Palo Alto, California-based firm said in a statement.

Palgon was formerly with Covington & Burling and is an expert in sophisticated structured finance. He will be based in the firm’s New York office.

“With energy being such a critical factor in the global economy, the firm has made significant recent investments to better serve our clients in this space,” said Doug Clark, co-managing partner. “Ira's hire further bolsters the firm's capabilities in this area, as he is a top structured finance practitioner and very well regarded in the New York market, which is a locus for energy and infrastructure finance deals and their sponsoring banks.”

Palgon’s practice encompasses the full spectrum of structured financing transactions, including receivables financing, with a focus on the representation of banks, investment banks, and institutional and private investors in a wide range of industries, including banking, shipping, and renewable and traditional energy, the firm said in the statement.

In addition, he has substantial experience representing equity investors and lessees in the financing of a broad variety of equipment and facilities, including power plants, wind farms, aircraft, railcars, and ships.