Dec 11, 2018
Cadwalader partner Lary Stromfeld has been named a Financial Times Top 10 Legal Innovator for North America.
Stromfeld, who advises leading financial institutions and other participants in the global capital markets on transactions, disputes and advisory matters involving a wide variety of financial products and complex financings, was honored at the FT’s annual dinner in New York last night.
Stromfeld was selected for his work over a more than 35-year career on some of the most challenging and industry-changing assignments. For example, Stromfeld is currently representing the Federal Reserve’s Alternative Reference Rates Committee in developing the standards for all cash products in the $200 trillion post-LIBOR world. He is also co-heading the Cadwalader team representing the largest creditor in Puerto Rico’s bankruptcy, with over $5 billion of exposure. Shortly after Dodd-Frank was enacted, Stromfeld was retained by the International Swaps and Derivatives Association to devise a suite of documents to comply with the regulatory overhaul of the global derivatives markets.
Stromfeld’s innovation and commitment extends beyond client service and into social justice efforts. Three years ago he founded Justice Served, a six-week annual campaign within the New York City legal community to support the Food Bank For New York City. In its first year, the campaign included six law firms and law departments and raised enough money for 300,000 meals. Heading into its fourth year, the campaign today includes 25 law firms and the law departments of leading financial services institutions, has funded over 1.5 million meals, and has activated thousands of volunteer hours.
“This is a very significant honor,” Stromfeld said. “I greatly appreciate the Financial Times for acknowledging my client work and especially our annual efforts to expand the Justice Served campaign to help the 1.4 million New Yorkers who do not have the means to provide meals for themselves and their families.”
FT Innovative Lawyers is a unique program that assesses lawyers on their innovation for clients and in their own businesses. The program consists of rankings and awards, based on independent research from RSG Consulting and robust journalism from the FT. The results are announced at an awards event, and the rankings are published in both print and online as an FT special report.
September 3 Issue
On 13 September, the EBA updated its guidance in respect of the Securitisation Regulation.