Milbank LLP’s Structured Credit team has been ranked as the #1 CLO Manager counsel globally, the #1 CLO Manager counsel in the United States and #1 Manager counsel in Europe in Creditflux’s 2022 year-end Advisory Firm Rankings. For the last six years, Milbank has remained at the top of the publication’s global rankings and for the last five years, the firm has remained at the top of the US rankings. The publication’s league table rankings show that Milbank’s global team worked 92 CLO issuances valued at approximately US$40 billion, capturing 20.6% of the market share for manager advisors alone. This is in addition to Milbank’s significant representation of arrangers and anchor investors on CLOs.
Led by partner Sean M. Solis, Milbank’s world-leading global Structured Credit practice includes Structured Finance partners Jared Axelrod, Jay Grushkin and Brian Troxler in the United States, and Claire Bridcut, John Goldfinch and James Warbey in London, together with a team of special counsel and associates across offices. Positioned at the forefront of structured finance since the inception of CLOs, Milbank’s global team represents 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.
Mr. Solis commented: “On behalf of our entire global team I want to emphasize how proud we are to achieve this recognition by Creditflux for the last six years. We want to thank our clients for the trust they place in us each and every day. We will always be unrelenting in our commitment to provide our clients with the best-in-class advice and service while also creating and contouring solutions that we believe accrete to the benefit of all constituents within the CLO market.”
In addition, Milbank was recently 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, where 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. In 2021, the team worked on 280 CLO issuances valued at approximately US$131 billion.
The practice and individual partners are also highly ranked in structured finance and securitization by Chambers, Legal500 and IFLR1000. In 2023, 2021 and 2019, Mr. Solis was selected as Lexology’s Client Choice Award winner for Securitization and Structured Finance in New York.
