Milbank LLP has been ranked as the #1 CLO Manager counsel globally and as the #1 CLO Manager counsel in the United States in Creditflux’s 2020 year-end Advisory Firm Rankings. This is the fourth consecutive year for which Milbank has achieved such recognition on a global level and the third consecutive year for the US. Milbank has also been ranked by Creditflux as the #2 CLO Manager Counsel in Europe and the #9 CLO Arranger counsel globally for 2020. The publication’s league table rankings show that Milbank’s global CLO team worked on approximately US$36 billion of CLO issuances in 2020 (95 CLOs). This is in addition to Milbank’s extensive work representing anchor investors in CLOs. The rankings were determined by number of deals and by dollar (or dollar equivalent) amount.
Milbank has one of the world’s leading CLO practices including a global team of partners, counsel, and associates. The team is led by Structured Finance partners Jay Grushkin and Sean M. Solis in New York, Deborah Festa in Los Angeles, and John Goldfinch and James Warbey in London, together with special counsel Jon Burke in New York. The global CLO team has been positioned at the forefront of structured finance since the inception of CLOs in the late 1980s, representing market-leading collateral managers, arrangers, issuers, risk retention lenders, anchor investors and derivatives counterparties on a multitude of structured finance transactions involving a diverse array of asset classes, including broadly syndicated loans, middle market loans, aircraft finance loans, real estate loans, infrastructure loans, sovereign loans, private fund investments and consumer loans.
In addition to being recognized by Creditflux, the practice is frequently ranked and highlighted as a top firm in structured finance and securitization in other leading publications such as Chambers, Legal500, IFLR1000, Asset-Backed Alert and Lexology.
Mr. Solis said: “Our team is extremely proud of the way our clients were able to successfully navigate unprecedented credit market conditions in 2020 and we are beyond appreciative to have earned the opportunity to work alongside the most talented CLO managers in the world and provide the advice and guidance they needed to help them thrive during a year marked, at times, by incredible uncertainty and doubt. Recognition by Creditflux as the #1 CLO Manager Counsel for the fourth consecutive year is as strong a testament as any to the deep expertise, experience and enthusiasm our entire global team brings to every opportunity to assist our clients. We will never take for granted the unconditional trust our clients have in us to assist them in whatever the market conditions.”
Mr. Grushkin commented, “The Creditflux CLO rankings reflect the continued trust our clients have placed in us (particularly during a global pandemic) to guide them through these complex financings, for which we are extremely grateful.”