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Covington Expands Corporate Practice With Addition of Clark and Shaw-Lorello


NEW YORK, NY, April 7, 2008 — Covington & Burling LLP is pleased to announce that Timothy Clark and Loretta Shaw-Lorello have joined the firm’s corporate practice as partners. Mr. Clark and Ms. Shaw-Lorello will be resident in the firm’s New York office. Mr. Clark will become co-chair of the firm’s Private Equity Practice.

Mr. Clark and Ms. Shaw-Lorello represent private equity fund sponsors and investors on a global basis. In 2007, they represented sponsors raising $10 billion for private equity investments.

“Tim and Loretta are the core of one of the leading US-based fund formation teams, and will be an asset to our clients both in the United States and globally,” said Simon Goodworth, chair of Private Equity Funds, Europe. “Their addition will bring a depth of experience and knowledge to the firm and add to our existing London-based funds practice.”

“The addition of Tim and Loretta is a logical next step in our growing corporate practice,” said Timothy Hester, chair of Covington’s management committee. “We have a strong private equity transaction practice, as well as a London-based funds practice, and Tim and Loretta fill an important role in our global private equity practice.”

“Covington is an outstanding firm with an exceptionally talented group of professionals,” said Mr. Clark. “This is a great opportunity for Loretta and me to combine our private equity fund formation expertise with Covington’s strong private equity transactions practice and industry expertise.”

“Covington is strongly committed to continuing to grow its corporate practice, and private equity is an important part of that practice. I am very excited to have the opportunity to be a part of that effort,” said Ms. Shaw-Lorello.

Mr. Clark is a graduate of Wesleyan University and New York University School of Law and Ms. Shaw-Lorello is a graduate of Yale University and Fordham University School of Law.

Covington has a leading international corporate practice with more than 150 lawyers that covers a broad range of transactional and advisory work, including corporate and securities, corporate governance, mergers and acquisitions, finance, private equity, venture capital, strategic alliances and joint ventures, bankruptcy, and real estate. Covington’s corporate group has been recognized by Chambers, Corporate Board Member, Legal 500, and The Practical Law Company.

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