K&L Gates LLP announced on Monday the launch of their 48^th worldwide office in Wilmington, Delaware. Four local attorneys have joined the Wilmington office as partners. The new partners include Scott E. Waxman, Eric N. Feldman, Nicholas I. Froio, and Christina M. Houston. The entire team of four used to work at the Delaware law firm of Potter Anderson & Corroon LLP, and used to practice in alternative business entities. The new team used to employ alternative business entities in a wide range of cross-border as well as domestic financings and transactions. Scott Waxman leads the new group.

The launch of the Wilmington office marks the law firm opening its seventh office in 2013 in keeping with the momentum of its corporate practice. The law firm confirmed that Wilmington provides a strategic location for the corporate and financial institution clients of the firm. The Wilmington office is the law firm’s 26^th office in the United States.

Stressing on the importance of Delaware, K&L Gates’ Chairman and Global Managing Partner Peter J. Kalis said, “Delaware continues as the national center for formation of business enterprises, and these days newly-formed alternative business entities outnumber traditional corporations by three to one … Our new team is unsurpassed in experience in this field, as their imprint is felt throughout Delaware law on the subject of alternative business entities.”

  

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Speaking on behalf of the new team, Waxman said, “We are very proud to be opening K&L Gates’ office in Delaware – the state where more than 50% of all publicly traded companies and more than 60% of the Fortune 500 have chosen to form … Delaware’s business entity laws are among the most progressive and flexible in the nation, and we are excited to be expanding K&L Gates’ ability to advise and assist clients in many aspects of Delaware law.”