LOS ANGELES — Stradling Yocca Carlson & Rauth opened its first public finance office outside of California Friday in Reno, Nev.
Scott Shaver, a 14-year bond veteran and former partner with Sherman & Howard, will launch the new office.
"Scott will help us accomplish two of our near-term goals and one long-term objective" said David Casnocha, head of Stradling Yocca's San Francisco office.
In the short-term Shaver will help the firm consolidate its current leading role as underwriters' counsel and disclosure counsel in Nevada, where several partners from other offices are already active, Casnocha said.
Shaver will also help the firm expand its public finance practice into New Mexico and Arizona, as he is already licensed to practice there, Casnocha said.
"He has a solid client following in those states and with our platform we expect he will increase his current practice," Casnocha said. "In the long-term, we expect to expand our western region municipal utility practice, as Scott has an impressive background working with the Public Authority for Colorado Energy, the Platte River Public Power Authority, the City of Colorado Springs Utilities, and other public utilities in the region."
Shaver, who has practiced at Sherman & Howard his entire career, said the decision to leave was not an easy one, but he views the new position as an "entrepreneurial opportunity with a firm committed to the public finance practice."
Stradling has been investing in its practice in recent years with strategic bond attorney hires from national firms and I wanted to be an integral part of that growing practice, Shaver said.
In the 2012 year-end standings Stradling ranked tenth nationally as bond counsel on negotiated sales by par, seventh by number of transactions. The firm was ranked first in the nation for the number of disclosure counsel transactions, and third in the nation for dollar volume.