A true "buy-side" law firm
Dechert is a true “buy-side” law firm focused on representing asset managers and developing world class specialist practices in the areas relevant to them. We serve a diverse global client base that includes some of the most prolific CLO underwriters (major investment and commercial banks) as well as most of the largest asset managers and equity investors.
Top-ranked securitization, investment adviser and fund lawyers
Our top-ranked securitization, investment adviser and fund lawyers also have earned us a leading market position in the representation of issuers, placement agents, collateral managers and equity investors in collateralized loan obligation (CLO) transactions, including middle-market balance sheet CLOs and broadly syndicated arbitrage CLOs in the United States and Europe.
Our global platform also includes a multidisciplinary team with unparalleled experience in representing clients on their risk retention capital formation strategies. In fact, we not only created the parameters of each of the major risk retention solutions in the CLO marketplace, we created the nomenclature (CMV, MOA, C-MOA, etc.) too. Not surprisingly, Dechert was the first call when it came to addressing the changes wrought on the CLO market by the risk retention rules, and now represents over 50 asset managers on their CLOs and risk retention strategies.
Multi-dimensional advice
Rated funds and collateralized fund obligations (CFOs) are an intersection between private funds and structured products. As such, Dechert draws on the combined experience of its private fund formation and structured products teams to provide multi-dimensional advice to its clients.
The traditional funds-market aspects of rated funds and CFOs can easily be overlooked in these hybrid structures. Therefore, Dechert has designed a team to keep true to the funds roots of these products while addressing the structured nature of the product. Over time, as a market has developed and regulatory considerations have put pressure on the structures, Dechert has drawn from its wide-ranging expertise to adjust structures to meet both market and regulatory demands.
Dechert’s private funds and structured products specialists are continually keeping abreast of developments in the regulatory space, including attendance at key industry trade group meetings and speaking with managers, investors and other practitioners to ensure this market continues to develop in a way that brings the most benefit to our clients.
Our most recent industry recognition includes:
- Ranked Band 1 for Securitization: CLOs by Chambers and Partners USA.
- Ranked by Chambers and Partners USA as a leading firm for Capital Markets: Securitization with areas of strength across ABS, CLO, CMBS and CRE CLO transactions.
- Named a "Structured Finance Practice Group of the Year" at the Law360 Practice Groups of the Year Awards.
- Ranked for Structured Finance: Securitization by The Legal 500 US.
- Recognized in the IFLR1000 Specialists Guide.
- Named “CLO Law Firm of the Year” six times at the GlobalCapital US Securitization Awards.
- Voted by clients as “the law firm that provides the best service to CLO managers” in the Creditflux CLO Census.
- Ranked by IFLR1000 as a leading firm in the United States and United Kingdom for Structured Finance: Securitization.
- Asset-Backed Alert named Dechert the "Top Issuer’s Counsel for U.S. CLOs by Deal Volume and Deal Count."
