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January 31, 2020
Cadwalader is once again ranked as the number one law firm advising issuers and underwriters on commercial MBS offerings, topping the 2019 Commercial Mortgage Alert tables. The firm has now been ranked first in the issuer counsel category for two decades running.
In 2019, Cadwalader’s Capital Markets Group, led by Michael Gambro and Stuart Goldstein, advised issuers on 80 deals, or 56 percent of the market transactions, totaling approximately $50.5 billion. On the underwriter side, Cadwalader advised on 59 transactions, representing over 41 percent of the total and valued at approximately $40.5 billion.
“This recognition is an acknowledgment of our capabilities and consistency,” said Gambro. “We’re fortunate to have worked with so many exceptional clients over the years.”
Cadwalader’s Capital Markets Group includes lawyers in New York, Charlotte, Washington, D.C., and London. The team advises investment banks, issuers, funds and private equity sponsors in structuring and executing transactions across a broad array of structured products and asset classes, including ABS, CLOs, CMBS, CRE CLOs, RMBS, structured workout financings and whole loan sales.
The firm also is a leader in the growing commercial real estate collateralized loan obligation (CRE CLO) sector. In 2019, the Cadwalader team served as counsel for either the issuer or underwriter on 83 percent of the CRE CLO deals completed, valued at approximately $13.4 billion.
“Our team offers clients unparalleled insight and service,” said Goldstein. “We’re involved in nearly every major deal in the market, and clients appreciate the real-world experience and comprehensive industry knowledge we bring to the table.”