The Massachusetts Development Finance Agency is seeking qualifications from law firms to update its panel of authorized bond counsel.

The authority, which serves as a conduit issuer, currently has a list of 12 law firms that its clients can choose from when selecting bond counsel for borrowing transactions. Steve Chilton, MassDevelopment's senior vice president of investment banking, said the size of the new panel could be 12 or so again, depending on the number of responses the agency receives and of those, how many qualify. MassDevelopment anticipates using the new panel for the next three years.

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