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August 01, 2013
Capital Markets Practice Named “Top Issuer Counsel” and “Top Underwriter Counsel”
Cadwalader, Wickersham & Taft LLP (Cadwalader), a leading counselor to global financial institutions and corporations, has been recognized as the top commercial mortgage securitization practice in the country by Commercial Mortgage Alert in the publication’s midyear rankings. Cadwalader’s Capital Markets Practice, led by partners Michael Gambro and Patrick Quinn, was recognized as “Top Issuer Counsel” and “Top Underwriter Counsel” by the publication. This marks the thirteenth straight year in which Cadwalader’s Capital Markets Practice has been ranked first in the “Top Issuer Counsel” category in both the midyear and end-of-year rankings. Of the 21 rankings issued by Commercial Mortgage Alert, Cadwalader has ranked first in the “Top Underwriter Counsel” in 18 of them.
“Our continuing leadership in the CMBS market reflects the confidence clients have in our lawyers. We are very appreciative of their support,” said W. Christopher White, Chairman of Cadwalader. “Our CMBS practice, led by Mike Gambro and Pat Quinn, works hard to seamlessly integrate several areas of law - securities, tax, insolvency, real estate - in support of our clients efforts to provide financing to a critical industry. It seems to be working.”
In the first half of this year, Cadwalader was retained as issuer counsel on 43 deals, which totaled $31.7 billion. This number is up from the 21 deals executed last year, which totalled $14.37 billion. Additionally, the firm was also was named as underwriter counsel on 26 transactions valued at $14.4 billion total, up slightly from last year’s 23 transactions valued at $11.8 billion total.
Mr. Gambro commented, “We saw a significant uptick in the number of CMBS transactions this first half of 2013 compared to recent years. This steady rebound in the market shows confidence in CMBS and the return of the market reflects continued economic recovery.”