Milbank LLP was ranked as the #1 legal services provider to US collateralized loan obligation (CLO) managers in the US and as a #1 legal services provider to European CLO managers in the 2022 Creditflux CLO Census.
The firm was also recognized among the top five law firms in the four remaining categories covering US and European rankings: legal service providers to US CLO arrangers; legal service providers to European CLO arrangers; best advocates on behalf of the US CLO industry; and best advocates on behalf of the European CLO industry.
New York-based partner Sean M. Solis who leads the global Milbank Structured Credit practice noted, “on behalf of the entire global team, we are extremely proud of the recognition we have received in the 2022 Creditflux CLO Census, which in our view reflects a resounding recognition from our clients and other industry participants of the deep experience, enthusiasm and creativity we bring to bear in every transaction in which we are involved. Our strategy is to be aggressively open minded in finding solutions for our clients as well as being super sensitive to the winds of change, with evolution being an immutable law of the CLO market, to ensure we remain on the vanguard of those in the market crafting answers to the latest questions manifesting in the industry.”
“It was another banner year for our CLO team,” said Jay Grushkin, a partner in New York. “The Creditflux rankings reflect the breadth and depth of our group’s experience, as well as the world-class client service we provide to the top managers and arrangers around the globe.”
The annual Creditflux CLO Census is a comprehensive survey of the CLO community that gathers input on the best CLO arrangers, law firms, rating agencies and other service providers from market participants including managers, investors, arrangers and other service providers. A record 389 market participants contributed this year.
“Our continued success is a testament to the unique combination of an extraordinarily talented global team and a broad spectrum of exceptional clients,” said London partner James Warbey, “We’re delighted to be recognized by the Creditflux CLO Census.”
Milbank’s Structured Credit team includes partners, special counsel and associates in New York and London. In Creditflux’s year-end Advisory Firm Rankings, the team has been ranked as the #1 CLO Manager counsel globally for the last five years and the #1 CLO Manager counsel in the United States for the last four years. Milbank also was named #1 issuer counsel for US CLOs in the Asset-Backed Alert 2021 year-end rankings, and the firm is consistently ranked in the top band for Structured Finance and CLOs in the Chambers Global, USA and UK guides.
