McDermott Launches Subprime & Credit Markets Practice Group
LONDON/NEW YORK (8 February 2008) — The international law firm of McDermott Will & Emery announced today the creation of a Subprime & Credit Markets Practice Group. The group will serve clients’ various needs arising from the repricings in the subprime debt markets.
The group will comprise 40 partners and 90 lawyers from McDermott’s U.S., London and European offices. The group is led in New York by head of structured finance Thomas McGavin and in London by co-head of structured finance Nick Terras.
The group will advise the Firm’s banking and financial services clients, investment and pension funds, corporates and government agencies on issues relating to structured finance and derivatives, corporate restructuring and workouts, litigation and dispute resolution, taxation, civil and criminal regulatory investigations, government and legislative policy.
Commenting on the group, Mr. McGavin said, "The challenging conditions in the global debt markets raise complex legal, regulatory and commercial issues for many of the Firm’s clients. In response to this demand, we have developed this integrated group which operates on a transatlantic basis to help clients manage the impact of these issues on their businesses."
In London, Mr. Terras added, "The team we have assembled combines the skills required to provide clients with a comprehensive analysis of their risk and exposure to potential debt market fallout issues arising from UK, U.S. and cross-border transactions, restructuring, litigation and regulatory investigation."
