Daily News: February 11, 2019

Orrick Adds Goldwasser, Vivekananda to Structured Finance Practice

Howard Goldwasser and Skanthan Vivekananda, leading authorities on collateralized loan obligations and other structured products, joined law firm Orrick as partners in the Structured Finance Group.

Goldwasser and Vivekananda join from Arnold & Porter and will be based in New York and Los Angeles, respectively.

Goldwasser previously practiced with the firm from 1993 to 2006, and as a partner from 1999 to 2006. Goldwasser and Vivekananda have been working together as a team for the last eight years and have emerged as market leaders and innovators in the post-crisis CLO market.

“Adding Howard and Skanthan to our team greatly advances our strategy to remain one of the top destination structured finance practices for the most innovative and complex transactions. Howard and Skanthan have been leaders in the development and transformation of the CLO market, and we’re thrilled to welcome Howard back and to welcome a rising star like Skanthan,” said Alan Knoll, leader of Orrick’s Structured Finance Group.

“Orrick was among the pioneers in CLOs, and structured finance generally and, to this day, is one of the top players in the market. I’m thrilled to be rejoining the Orrick platform, which is better than ever, and to be partnering again with friends and colleagues whom I have known and respected for decades. I am especially thrilled to be sharing this experience with Skanthan,” said Goldwasser. “We’re excited to join a firm with such a strong focus on innovation, collaboration and technology,” added Skanthan.

Orrick’s Structured Finance team is consistently ranked among the top issuers’ and underwriters’ counsel by Asset-Backed Alert (2010-2018) and Commercial Mortgage Alert (2014-2018). In 2018, the team counseled clients on over 130 securitization transactions, with an aggregate value of nearly $90 billion.