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Cadwalader, Wickersham & Taft LLP

Capital Markets: Structured Finance, Securitisation & Derivatives

3 ranked lawyersBand 1UKGlobal 2021 View ranking table

Chambers Review

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What the team is known for

High-quality team for complex securitisation and structured finance transactions. Notable strength with regard to ABS and, most prominently, CLO transactions. Also demonstrates the ability to guide clients in matters relating to specialised or emerging asset classes. As well as its transactional work, the team is well positioned to advise on regulatory developments, including the effects of changes to US regulations in the European markets, STS regulation and risk retention. The group is notable for the breadth of its client base, which includes mainstream banks, private equity funds and alternative lenders.

Strengths

Sources say: "It is a fantastic team with an extraordinary knowledge of the CLO market on both sides of the pond."

Clients appreciate that "they are top of the CLO field - they are able to deal with a variety of situations and have a deep bench of lawyers."

Interviewees state: "They are knowledgeable, open to exploring the client's requirements and solutions-oriented."

Work highlights

Acted as English and US arranger's counsel to MUFG Securities EMEA on its EUR400 million North Westerly VI CLO, the first of its kind to consider environmental, social and governance (ESG) factors across all its investments.

Notable practitioners

David Quirolo is lauded as a leading CLO practitioner. His profound market experience makes him one of the foremost choices for managers and arrangers seeking advice on transactions.
"He is the fount of all CLO knowledge." "He thinks through the practical ramifications and delivers a clear and balanced view." "He advises CLO managers and arrangers and so can see multiple sides of an argument."

Matthew Duncan is able to handle each stage of the securities life-cycle, regularly advising clients on everything from warehousing to RMBS. His longstanding experience makes him a strong choice for first-to-market transactions.
"He is a very bright guy." "He is a very technical lawyer." "He has a very in-depth knowledge of the residential mortgage market in the UK."

Stephen Day is called upon to handle a range of securitisation transactions and he has a particularly busy trade receivables practice. He is well placed to handle multi-jurisdictional mandates.
"He is particularly good at simplifying complex matters into digestible and actionable bites.""He is very good at navigating different parties' interests.""In a contentious situation you can rely on him to be calm and pragmatic."

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Ranked Lawyers

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

UK

Capital Markets: Securitisation


Matthew Duncan
Band 4
Stephen Day
Band 4

Capital Markets: Structured Finance


David Quirolo
Band 1