The top muni bond counsel firms accounted for $318.67 billion in 8,474 transactions in 2018, down from $407.47 billion in 10,519 deals the year before.
Orrick finishes first
Orrick Herrington & Sutcliffe LLP was first place again, as its market share nudged up. The firm accounted for $37.93 billion or 11.9% market share, compared with $47.97 billion and 11.8% market share in 2017.
Norton Rose Fulbright moves up
Norton Rose Fulbright gained a spot from where it finished in 2017, moving up to second from third. The firm was responsible for $18.25 billion in 2018, compared with $20.79 billion the previous year.
Hawkins falls to third
Hawkins Delafield & Wood LLP slipped to third from second, as its volume declined to $17.02 billion from $24.28 billion.
Kutak Rock stays in fourth
Kutak Rock LLP stayed put in fourth place with $16.20 billion in 2018, versus $17.67 billion the prior year.
McCall Parkhurst & Horton LLP round out top five
McCall Parkhurst & Horton LLP was steady in fifth place with $10.36 billion.
Remaining bond counsel
Chapman and Cutler LLP was in sixth place again with $7.49 billion. Gilmore & Bell PC with moved up to seventh from 10th with $6.45 billion. Ballard Spahr LLP climbed to eighth from 11th with $6.27 billion. Squire Patton Boggs stayed in ninth with $6.23 billion, and Nixon Peabody LLP dropped to 10th from seventh with $6.12 billion.
The GAO said that the $10.5 billion from the FEMA Public Assistance program might cover only about half of the $20.3 billion identified in Puerto Rico’s Grid Modernization Plan as necessary to repair the grid and make it more resilient.
Hear from some of the 2020 Rising Stars about diversity issues, the COVID-19 pandemic and how it affected their work, and their thoughts about the future of the public finance sector. We also link to all the profiles, in case you missed them.