Chambers Review
Provided by Chambers
Capital Markets: Securitisation: ABS - USA
What the Team is Known For
McDermott Will & Schulte is a strong structured finance practice with a broad range of capabilities across the transactional and regulatory space. Its lawyers represent an array of major players in the market, including managers, issuers, placement agents and investors. The practice is noted for its successful CLO offering in which it regularly represents collateral managers, as well as its work on private equity fund formations for the purpose of securitization. The team also possesses notable expertise in tax-related transactional requirements.
Strengths
The team is dynamic and knowledgeable across the board.
McDermott Will & Schulte is the best legal counsel for managers seeking to apply a progressive approach to the CLO market.
The attorneys there have extensive experience and industry knowledge.
McDermott Will & Schulte are a nimble team of highly knowledgeable individuals who are able to navigate highly complex legal matters as it relates to more esoteric ABS asset classes.
McDermott Will & Schulte's partners are top-notch.
Work Highlights
McDermott Will & Schulte advised Allstate Investment Company on an approximately $433 million reset of an existing CLO fund.
Notable practitioners
Craig has always been responsive and has extensive industry knowledge.
Craig is an excellent resource for market knowledge.
Boris is the best at what he does.
He is awesome, responsive, hard-working and provides great client service in helping us to get transactions done on compressed timelines.
He is thorough and knowledgeable in deals.
Phillip is invaluable to our business. He is the most conscientious lawyer I have ever worked with.
Stephen Schauder is an up-and-coming partner in the team with experience handling warehouse facilities and other ABS transactions.
Stephen is very smart and engaged.