The Bond Buyer | October.20.2016
Building on a strong year, Orrick was once again recognized by The Bond Buyer as the top bond counsel firm in the United States. Orrick finished the first three quarters of 2016 with $31.87 billion, or 9.9% market share, in 334 transactions, according to data collected by Thomson Reuters. For the third quarter alone, Orrick worked on $9.74 billion in 116 deals, or 9% market share.
“The regions where we have offices, East Coast, West Coast and Texas, have definitively come out of recession conditions, we are very busy," Justin Cooper, partner and co-chair of Orrick’s public finance practice, told The Bond Buyer in an interview. "We are particularly encouraged to see that our Texas office, which we only opened in mid-January, is off to a very successful start."
Orrick has been the top ranked bond counsel in the U.S. since 1998. Deeply committed to maintaining its status as elite bond counsel, Orrick has added 9 associates in the past 12 months to handle the increase in money borrowings. The firm’s Houston office, launched earlier this year, added a public finance team contributing to the results. "We are seeing a lot of the complex financings for which we are known nationally, such as P3 (highway, transit, alternative energy, student housing, proton therapy, water/wastewater), tobacco restructurings and refundings, new gas prepay deals, hotels and secondary-market repackagings," Justin said.