Orrick's Structured Finance Group has played a significant role in the global asset securitization market, beginning in 1977 when we represented Bank of America in the first public offering of non-agency mortgage pass-through certificates. Since that time, we have taken a leadership role advising on innovative transactions and have helped represent the industry in the dialogue about regulatory reform, including serving as outside counsel to the American Securitization Forum and SIFMA.
We have been one of the leading advisers in the private-label RMBS market, having served as counsel in over 220 RMBS transactions totaling more than $140 billion in the past 3 years. Since the onset of the financial crisis, we have taken a leadership role advising on pioneering transactions that are set to become templates for the future of the industry.
We act as counsel for numerous major issuers and underwriters in the U.S. asset-backed securitization market. Orrick has a leading presence in the credit card securitization, auto loan, auto lease receivables and dealer floorplan transactions markets, as well as depth and breadth in the securitization of a variety of other assets. Our team handles securitizations of tax liens, PACE liens, structured settlements, lottery receivables, student loans, time shares and portfolios of aircraft and aircraft engines. With strong practices in both public finance and securitization, Orrick is one of the few firms in the country with substantial experience in the securitization of tax liens as well as tax lien portfolio acquisitions and transactions. We also offer a leading securitization practice across Europe with distinctive strength in Italy and France.
Orrick also has extensive experience in repackagings and derivatives transactions involving a variety of assets. In particular, Orrick is the market leader in representing sponsors of repackagings of municipal bonds, commonly referred to as tender option bonds programs. Orrick also activity represents financial institutions, funds and municipal and not-for-profit entities in connection with interest rate, credit, foreign exchange equity and commodity derivatives transactions.
We are recognized as an established player in the world of structured finance by national and international legal directories. Our Securitization team has consistently ranked among the top issuer's and underwriter's counsel over the past decade, according to Asset-Backed Alert. Chambers Global recognizes that Orrick "continues to develop innovative financial products for the future and, since the outset of the financial crisis, has played a critical role in many of the major legal developments that have shaped the global financial markets." Our clients were quoted as saying Orrick lawyers "understand every aspect of the market and take a 360-degree view."
The Structured Finance Group publishes the firm's Financial Industry Week in Review, and manages the Financial Industry Review Blog and the Derivatives In Review Blog, which highlight important legal and regulatory developments affecting the financial industry.
We make an investment in understanding our clients' businesses, enabling us to provide strategic and practical solutions in an efficient and cost-effective manner. Our multidisciplinary approach, involving lawyers proficient in securitization, securities law, investment funds, tax, real estate, commercial law, banking, bankruptcy and ERISA, enables us to provide our clients with sophisticated legal work on their most complex and challenging transactions.