Cadwalader Once Again Leads the Securitization Market

January 30, 2024

Reflecting nearly a half century of legal excellence in structured finance transactions, Cadwalader has once again ranked as the top law firm advising the securitization markets, including ABS, CLOs, CMBS, RMBS, GSE MBS and GSE multifamily MBS, in 2023.

According to 2023 league table data*, the firm advised issuers and underwriters on the largest number of transactions – 111 deals as issuer’s counsel, valued at approximately $66.5 billion; and 182 deals as underwriters’ counsel, valued at approximately $91.7 billion.

“The results reflect a continued partnership between Cadwalader and our clients,” said Michael Gambro, co-chair of Cadwalader’s Capital Markets Group. “We’re incredibly grateful for this collaboration, and for the opportunity to help our clients achieve their goals.”

Stuart Goldstein, co-chair of the Capital Markets team, added “It was another year of innovation, hard work and tireless advocacy for our clients. But we can’t slow down. 2024 will hopefully be a busy and exciting time for the securitization market. We’re confident in our ability to help clients navigate this evolving landscape. Our continued focus and deep bench in securitization and related disciplines makes us a destination shop for the largest and most complex transactions.” 

Other 2023 highlights for the Capital Markets Group have included:

  • Ranked Tier 1 by the Legal 500 in its 2023 Securitization: Structured Finance category.
  • Ranked Tier 1 by IFLR in its 2023 Capital Markets: Structured Finance and Securitization category.
  • Ranked Band 1 by Chambers and Partners in its 2023 Capital Markets: Securitization CLO, CMBS and CRE CLO categories.
  • Ranked #1 as 2023 issuer’s counsel in Commercial Mortgage Alert’s CMBS, CRE CLO and agency MBS league table categories; 25th consecutive year as the top issuer’s counsel for CMBS.
  • Earning top scores across multiple legal services categories in the Creditflux CLO Census 2023.
  • Named “Best Middle Market CLO Arranger Counsel of the Year” by DealCatalyst.
  • Being shortlisted for “CLO Law Firm of the Year” and “Esoteric Law Firm of the Year” as part of the upcoming GlobalCapital 2024 European Securitization Awards.
  • Being shortlisted for “CMBS Law Firm of the Year” and “CLO Law Firm of the Year” as part of the GlobalCapital2023 U.S. Securitization Awards. 
  • Received top individual lawyer rankings in an array of legal directories, including Chambers and Partners, the Legal 500, Best Lawyers, Lawdragon and more.

* Industry tables include Creditflux, Asset-Backed Alert, Commercial Mortgage Alert (dba Green Street).