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February 18, 2021
Cadwalader continued its dominance in the securitization market in 2020 and expects to sustain a robust securitization pipeline for 2021, including ABS, CLOs, CMBS, RMBS and GSE multifamily MBS.
Based on industry league tables*, Cadwalader advised issuers and underwriters on the largest number of transactions – 163 transactions as issuers’ counsel, valued at approximately $120 billion, and 224 transactions as underwriters’ counsel, valued at approximately $134 billion.
“What we are most proud of is our strong position across key asset classes,” said Michael Gambro, co-chair of Cadwalader’s Capital Markets Group. “Maintaining our status as having the leading securitization practice, as evidenced by our transaction volume across asset classes, especially during an unprecedented year, demonstrates that market participants recognize and value our long securitization legacy and unparalleled knowledge that comes with it, as well as our diverse bench of securitization practitioners.”
“As the economy bounces back and the market improves, we expect to see continued growth in the securitization space,” added Stuart Goldstein, co-chair of Cadwalader’s Capital Markets Group. “As a market leader, we have continued to expand our capabilities in the U.S. and Europe and are anticipating an even greater volume of high-profile assignments in 2021.”
Over the course of 2020, the Cadwalader team advised on a number of significant transactions and was recognized for achievements in the RMBS and ABS markets. Examples include:
Cadwalader’s Capital Markets practice, including attorneys in New York, Charlotte, Washington, D.C., and London, is recognized as a premier global legal advisor in securitization and structured finance.
* Industry tables include Creditflux, Asset-Backed Alert, Commercial Mortgage Alert dba Green Street