PHILADELPHIA, PA – Seizing on the momentum of recent additions to its global finance practice, Reed Smith has made yet another significant hire, bringing aboard Elizabeth “Liz” Tabas Carson as partner in its Financial Industry Group. Liz, who joins the firm from Dechert, is dually qualified to practice in New York and Pennsylvania.

Liz concentrates her practice on banking and financing transactions including domestic and cross-border leveraged acquisition financings, fund financing, working capital financings, restructurings and other distressed transactions. She brings to the firm a practice that complements the firm’s industry-leading fund finance practice, strengthening the firm’s US-based capabilities in an area of increasing importance to clients. She will also be a member of Reed Smith’s growing global cross-border direct lending and acquisition finance teams.

Liz regularly represents US and international corporate borrowers, financial sponsors, portfolio companies, arrangers, agent banks, financial institutions and alternative capital sources on bilateral, club and broadly syndicated transactional finance matters across a variety of industries. She also has significant experience with structuring and negotiating secured and investment grade credit facilities, first lien, second lien, mezzanine, unitranche and multi-tranche financings, liquidity lines, letter of credit facilities, trade financings, derivative-backed structured financings, restructurings, DIP loans, private placements and high yield debt offerings. Finally, Liz also advises on conflict of law issues (including with respect to sanctions regimes) and the differences between the US Loan Syndications and Trading Association and the European Loan Market Association norms, market practices and standards.