Partners Join Kelley Drye in Washington, Los Angeles

Friday, May 11, 2012 - 09:06

Michael S. Kosmas has joined Kelley Drye & Warren LLP as a special counsel, working in the Washington, DC office. Mr. Kosmas will be a part of the firm'’s DC business group, working across several practice areas including global hospitality and leisure, regional real estate, and national/local government affairs.

Mr. Kosmas, a seasoned business transactions lawyer, has represented some of the world’s largest players in the hospitality industry in a wide variety of real estate transactions ranging from acquisitions to dispositions and the development and financing of hotels and resorts. Most recently, Mr. Kosmas served as a partner and co-chair of the global hospitality/leisure practice at Gallop, Johnson & Neuman, L.C., where he counseled a diverse international and domestic client base including hotel brands, owners and operators, and private equity funds and developers.

With more than a decade of industry experience, Mr. Kosmas has particular expertise in drafting and negotiating complex management agreements between hotel owners and operators. He has represented over 300 hotel and resort properties around the globe and is frequently called on by clients to structure some of the most challenging transactions between hotel owners, operators and developers.  Mr. Kosmas is a regular guest speaker at industry conferences around the world such as the Americas Lodging Investment Summit, the NYU Hospitality Conference and the European Hotel Investment Conference.

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Kelley Drye & Warren LLP is pleased to announce that Loryn Dunn Arkow, a real estate transactional attorney, has joined the firm as a partner, resident in the Los Angeles office.  She was formerly a partner at Cox, Castle & Nicholson in Los Angeles.

For the past 15 years, Ms. Arkow has handled a broad range of acquisition, disposition and development transactions; joint ventures, lending and other finance transactions; recapitalizations and workouts.  She has represented a broad range of clients including large public pension funds, pension fund advisors, private equity funds and other investors, lenders, developers and sponsors in a variety of sectors, including retail, office, industrial, multifamily, condo development, homebuilding, medical and mixed use projects.

The Los Angeles Business Journal recognized Ms. Arkow as a Rising Star Finalist (2010).  She has been honored with the Outstanding Young Lawyer Award from the Los Angeles County Bar Association Real Property Section (2006) and named on the Real Estate Southern California Women of Influence List (2006).  Ms. Arkow has been selected as a Southern California Super Lawyer from 2009 through 2012.

Ms. Arkow holds leadership positions in various charitable and civic organizations, supporting areas of need from underserved populations to cancer research.  In addition, she is a Los Angeles Regional Director of the Stanford Professionals in Real Estate and previously served as a Director and Secretary of the Harvard Club of Southern California and chair of its community service programs. Ms. Arkow speaks Japanese and Spanish. 

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Noted corporate lawyer Bruce R. Kraus has joined the partnership of Kelley Drye. Mr. Kraus left private practice in 2009 to join the staff of the Securities and Exchange Commission at a senior level, where he focused on rulemaking and related economic and litigation matters. At Kelley Drye, he will offer his expertise in mergers, acquisitions, joint ventures, capital markets transactions and corporate restructurings, as well as his particular knowledge of recent developments in securities law.

Prior to his public service, Mr. Kraus was a partner in Willkie Farr & Gallagher LLP for more than 15 years where he represented clients such as Loral Space & Communications, XO Communications, and 360networks in a number of significant capital raising, M&A and restructuring transactions. During the financial crisis, he represented the trustee for the U.S. Treasury’s plurality investment in GMAC, now known as Ally Bank.

“Bruce has made significant contributions to both the public and private sectors, thanks to his deep understanding of the laws and regulatory framework in which businesses operate today.  His advice in structuring deals in a wide variety of industries will be invaluable to our growing corporate group, both in New York and in our other offices.  We are very excited to be bringing Bruce on board,” said Rob Steiner, managing partner of the New York office.

 “I am honored to be joining Kelley Drye.” Mr. Kraus said.  “I have long admired the firm’s telecommunications, litigation, and corporate practices, particularly its leadership in the development of innovative financial products. I come to Kelley Drye with complete confidence in its across-the-board support for the most complex financial transactions, in the firm’s integrity, collegiality and work ethic.”