Morgan Lewis has hired Rick Denhup, a veteran finance lawyer who has advised banks and other financial institutions for nearly 20 years, to be a partner in its Global Finance Practice. He will be resident in the New York office.

Denhup focuses on representing financial clients in a range of matters, including asset-based loans (ABLs), cash flow credit facilities, and leveraged finance. Much of his work involves first- and second-lien loans, recapitalizations, cross-border transactions, debtor-in-possession financing transactions, restructurings, and workouts.

“Adding Rick to our elite finance team further strengthens our exceptional services for large and alternative lenders,” said Firm Chair Jami McKeon. “His outstanding reputation in the financial services industry is a valuable asset that will serve our clients well.”

Denhup has worked with many of the leading ABL lenders and he has represented public and private corporate clients across a spectrum of debt transactions in industries ranging from technology, retail, and healthcare, to energy and manufacturing. His arrival continues the recent growth of Morgan Lewis’s global finance practice, including its expansion in London earlier this year.

“Our ABL and other financial services clients increasingly look to us to provide high-quality, seamless service to all of the markets in which they are originating business, and Rick’s arrival deepens our bench of highly capable senior lawyers in this space,” said Jonathan Bernstein, the leader of Morgan Lewis’s finance practice. “Having Rick with us in the worldwide financial center of New York, combined with our growing capabilities outside of the US, further confirms our dedication to serving our clients wherever they do business.”