Daily News: November 5, 2013

Bingham Named Securitization & Structured Finance Law FOY

Bingham has been named the 2014 Securitization and Structured Finance Law Firm of the Year by Best Lawyers and U.S. News & World Report for the second consecutive year.

Results are based on a combination of client feedback and the comments of lawyers in other firms who work in the same practice area, according to Best Lawyers president Steve Naifeh.

“It is an honor to receive this award again,” said partner John Arnholz, chair of the Structured Transactions Group. “This is verification that we truly are helping our clients achieve their goals with the highest quality services.”

Since the group’s formation in 2002, its lawyers have advised over 6,800 deals, positioning the practice as an industry thought leader in the structured finance area. The practice offers creative solutions for a broad range of finance needs, such as CLOs, CDOs, mortgage finance, esoteric assets, acquisitions and sophisticated structured financings.

The group recently represented the underwriters in the highly innovative and anticipated risk transfer transaction for Fannie Mae – Connecticut Avenue Securities, Series 2013-CO1.

The group advised Nationstar Mortgage in various sales of excess servicing strips to finance the purchase of related mortgage servicing rights.

The practice also aided Sallie Mae in a complex and novel pooling and securitization of previously issued trust certificates from several asset-backed securitization trusts. One class of investment grade rated notes was issued and underwritten, and a new class of trust residual certificates was created and sold in negotiated transactions to individual investors.

In addition to the Securitization and Structured Finance Law Firm of the Year award, Bingham’s practices received 34 Tier 1 national rankings, 43 overall national rankings and 86 metropolitan Tier 1 rankings. The rankings covered a wide range of practices, capturing Bingham’s depth in financial services, litigation and corporate law.