Boston, MA (PRWEB) May 17, 2012
The international law firm Greenberg Traurig LLP announced today that it moved up seven spots to third, in the 2012 Q1 Bond Counsel Rankings by The Bond Buyer. The firm was ranked 10th in the first quarter of 2011 and is one of only five law firms in this year?s rankings that also was in last year?s top 10.
?It is an honor to be ranked third by The Bond Buyer for the first quarter of 2012,? said Warren S. Bloom, Co-Chair of the firm?s National Public Finance Practice Group.
The deal, which played a part in the firm?s rise in the ranking was the $ 2.3 billion sale of municipal bonds by the Commonwealth of Puerto Rico. The deal is the largest in 2012 and ranks fifth among the largest bond sales since the beginning of 2011.
Greenberg Traurig has served as bond counsel to the Commonwealth of Puerto Rico for their General Obligation Bond Program since 2009. The financing was coupled with a $ 415 million financing sold in the local Puerto Rico market to restructure a significant portion of the Commonwealth?s existing general obligation debt.
?The Commonwealth was able to move quickly to take advantage of a fast moving market and obtained a very beneficial restructuring,? said Jean DeLuca, a shareholder in the firm?s Boston office and lead counsel for the Commonwealth deal. ?We were very pleased to be able to assist the Commonwealth in this transaction.
DeLuca worked with Boston associate Benjamin McGuire on the public finance aspects of the transaction and with Shareholders Timothy Wolfe in Philadelphia and Carla Young in Tysons Corner on the tax aspects of the transaction.
Greenberg Traurig?s Public Finance Practice has been serving the needs of state and local issuers, underwriters, credit providers, bondholders, and conduit borrowers throughout the United States for over 25 years in virtually every area of public finance. Greenberg Traurig currently has 40 attorneys in the Public Finance Practice in our Atlanta, Boston, Chicago, Dallas, Denver, Houston, Los Angeles, Miami, Orlando, Philadelphia, Phoenix, Tallahassee, Tampa, Tysons Corner, Washington D.C., and West Palm Beach offices.
About Greenberg Traurig LLP
Greenberg Traurig, LLP is an international, full-service law firm with approximately 1800 attorneys serving clients from 35 offices in the United States, Latin America, Europe, the Middle East and Asia. In the U.S., the firm has more offices than any other among the Top 10 on The National Law Journal’s 2011 NLJ 250. For additional information, please visit http://www.gtlaw.com.
Contact:
Tiffany King, Practice Development Manager
T: 678.553.2170 | E: kingt (at) gtlaw (dot) com
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