Collateralized Loan Obligation & Structured Products

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 40 asset managers on their CLOs and risk retention strategies.

• Ranked Tier 1 for Structured Finance: Securitization by The Legal 500 (U.S.) in 2020.
• Recognized in the IFLR1000 Specialists Guide 2019.  
• Named “CLO Law Firm of the Year” five times at the GlobalCapital US Securitization Awards. 
• Voted by clients as “the law firm that provides the best service to CLO managers” in the 2019 Creditflux CLO Census.
  
• Ranked nationally for Capital Markets: Securitization by Chambers and Partners for the past eight years (2013-2020).
• Ranked by IFLR1000 as a leading firm in the United States and United Kingdom for Structured Finance: Securitization, 2019.
  
• Asset-Backed Alert named Dechert the "Top Issuer’s Counsel for U.S. CLOs by Deal Volume and Deal Count" (2015-2018).