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New King & Spalding LLP Partner Boosts Energy Industry, Latin American Legal Capabilities in Houston office

06 Jul 2004



Jessica Schnack
King & Spalding LLP
Ph (212) 556-2226

New King & Spalding LLP Partner Boosts Energy Industry,
Latin American Legal Capabilities in Houston Office

Former Enron Lawyer Ned Crady Brings Significant Domestic and International Transactional Experience to Firm's Highly Regarded Energy Group


HOUSTON, July 6, 2004 - George E. "Ned" Crady, a lawyer with more than 15 years experience handling high stakes domestic and international energy transactions, has joined King & Spalding's Houston office as Partner. Crady's extensive experience handling liquefied natural gas (LNG) transactions and his expertise in Latin American deals further strengthens the firm's leadership in these areas and broadens the firm's ability to meet client needs.

"Ned's extensive LNG experience and cross-border deal making skills complement our existing strengths in these areas," said Randolph C. Coley, Managing Partner of King & Spalding's Houston office. "We have known and worked with Ned for many years, so we know he will be a valuable addition to our team and will help cement our leadership in these fields."

Crady joins King & Spalding from Enron Corp., where he served as in-house counsel for various divisions of the company since 1996. Most recently he served as Vice President and Assistant General Counsel for Enron's Corporate Development Division, where he was responsible for negotiating the sale of LNG import terminals, and the proposed spin-off of an international energy holding company comprising approximately 18 energy infrastructure assets located in 14 countries at an estimated $815 million value. Previously, he served as Assistant General Counsel for Enron International, Inc., where he supported Latin America project development of power generation and distribution, natural gas transportation and distribution, oil refining, and LNG supply and terminal development throughout the Gulf Coast and the Atlantic Basin.

King & Spalding's Houston-based energy practice has been consistently ranked by legal industry guides, including Chambers USA, as one of the top firms in the field. In June, the firm helped secure a permit for the Freeport LNG project to build a new import terminal in Texas - the first to be built in the U.S. in almost 30 years - and the firm continues to be involved in other industry-critical projects. The firm's Latin American practice has been recommended by Latin Lawyer 250 as one of the leading Latin American practices focusing on M&A, project finance, trade and arbitration.

"King & Spalding has an excellent reputation in the energy field and is working on some of the industry's most significant transactions," said Crady. "Having worked with many of the firm's lawyers before, I know firsthand the great team they have here, and I am very excited to be a part of it."

King & Spalding opened its Houston office in 1995 with three litigation attorneys; today the office has grown to more than 65 attorneys focusing on a diverse array of litigation and transactional law.

About King & Spalding
King & Spalding LLP is an international law firm with more than 750 lawyers in Atlanta, Houston, London, New York and Washington, D.C. The firm represents more than half of the Fortune 100.