Davis Polk & Wardwell hires bankruptcy veteran Michael Crames

Davis Polk & Wardwell announced it has hired bankruptcy veteran Michael Crames as senior counsel. Crames co-authored of the "The Fundamentals of Bankruptcy and Corporate Reorganization", one of the best-known books on bankruptcy. Crames had served as chairman of the executive committee and managing partner at Kaye Scholer, from which he retired as a partner five years ago.