Alston & Bird has been recognized as a leader in structured finance and securitization by Asset-Backed Alert.
In the publication’s 2019 year-end league tables, the firm ranked No. 9 among the most-active underwriter counsel for U.S. asset- and mortgage-backed bond deals, jumping 10 places over 2018.
As highlighted in the report, Alston & Bird advised the bookrunners on 19 offerings in 2019, representing a 280 percent increase over the previous year. The deals had a total value of $4.6 billion, up by more than 350 percent versus 2018.
The report also placed Alston & Bird at No. 13 among the most-active counsel for ABS and MBS issuers, with nine offerings valued at more than $2 billion.
Asset-Backed Alert’s rankings take into account SEC-registered, Rule-144A, and privately placed term securitizations distributed primarily in the U.S. but exclude unrated deals, warehouse and repurchase facilities, and other assignments unrelated to issuance.
Not reflected in the league tables is the wide diversity of asset classes that these engagements represent, including but not limited to qualified and nonqualified residential mortgage loans, auto loans, timeshare loan receivables, unsecured consumer loans, small business loans, and factoring receivables.
In addition to representing ABS and MBS issuers and underwriters, Alston & Bird actively advises other securitization industry participants, including trustees, servicers, and rating agencies.