Firm Profile > Cadwalader, Wickersham & Taft LLP > New York, United States

Cadwalader, Wickersham & Taft LLP
200 LIBERTY STREET
NEW YORK, NY 10281
United States

Financial products Tier 1

The tax team at Cadwalader, Wickersham & Taft LLP handles a range of mandates involving structured and leveraged finance deals, as well as securitizations. Gary Silverstein and the Washington DC-based Jason Schwartz are key contacts for tax matters relating to CLOs, and Linda Swartz heads the firm's broader tax group. Prestigious institutional clients include ISDA and the Federal Reserve's Alternative Reference Rates Committee.

Practice head(s):

Linda Swartz

Other key lawyers:

Key clients

AXA

Barclays

Credit Suisse

Guggenheim Securities

Invesco

JP Morgan

Morgan Stanley

Natixis

PennyMac Mortgage Investment Trust

Waterfall Asset Management

Restructuring (including bankruptcy): municipal Tier 1

The New York-based distressed municipal finance team at Cadwalader, Wickersham & Taft LLP has consistently been involved in leading cases throughout recent years. Group chair Lary Stromfeld and Ivan Loncar are representing Puerto Rico’s largest creditor (a municipal bond insurer) in the territory’s municipal debt restructuring. Also involved in that matter is associate Casey Servais, who has captured the market's attention for his skills in bankruptcy litigation and financial restructuring. Ingrid Bagby is a member of the firm's financial restructuring group, and has experience acting for creditors and debtors in Chapter 9 and Chapter 11 proceedings.

Practice head(s):

Lary Stromfeld; Ingrid Bagby

Other key lawyers:

Key clients

Assured Guaranty Corp and Assured Guaranty Municipal Corp

Bank of America Merrill Lynch

Fundamental Advisors

Morgan Stanley

Goldman Sachs

Structured finance: derivatives and structured products Tier 1

At Cadwalader, Wickersham & Taft LLP, Ray Shirazi is active in a broad range of commodities and derivatives work, ranging from structured notes through to more macro-level questions of LIBOR transition. Other areas of expertise include all manner of innovative debt structures, and complex CFTC and global regulatory matters. Other key figures include Brian Foster, who is active for broker and buy-side clients on swaps and derivatives work; Ivan Loncar, a trusted advisor to a number of investment banks in this space; and Lary Stromfeld, whose recent highlights include advising the Federal Reserve's Alternative Reference Rate Committee on various LIBOR issues. Richard Schetman and Charlotte-based Scott Cammarn jointly head the practice group.

M&A: middle-market ($500m-999m) Tier 2

Cadwalader, Wickersham & Taft LLP handles a variety of public and private M&A and LBOs, and also has noted expertise in shareholder activism, strategic governance and takeover preparedness, hostile takeovers and proxy contests. The corporate and M&A team also benefits from the firm's wider strengths in debt and equity finance. Richard Brand and William Mills jointly chair the corporate M&A practice. Brand acts for public companies, hedge funds, private equity firms and investment banks, while Mills is rated in particular for his experience advising public companies and boards of directors on corporate governance, fiduciary duty and disclosure matters. Vivian Maese joined from Latham & Watkins LLP. All named attorneys are based in New York.

Practice head(s):

Richard Brand; William Mills

Other key lawyers:

Vivian Maese; Stephen Fraidin

Key clients

Alcentra Capital Corporation

AngioDynamics

Ashford

Bank of America

BW LPG

Citigroup

Community Bank System

Corindus Vascular Robotics

D.E. Shaw & Co.

Genpact

Inteva Products

Kingsland Holdings

M&G Investment Management

Medley Management

Sachem Head Capital Management

Structured finance: securitization Tier 2

Cadwalader, Wickersham & Taft LLP has core expertise in heavyweight single-borrower single-asset deals, and has recently been involved in a number of mandates involving the real estate sector, and requiring complex risk retention treatment. A name to note in the team is Gregg Jubin, whose practice straddles both traditional securitization work and CLOs. Neil Weidner also handles a wide range of CLO matters. Among the firm's associates, clients single out Michelle Abad, who is also admitted in Panama. Stuart Goldstein and Michael Gambro jointly head the broader capital markets practice.

Practice head(s):

Michael Gambro; Stuart Goldstein

Other key lawyers:

Testimonials

‘The team is the leading outside counsel representing mortgage lenders and servicers in entering mortgage servicing rights securitizations.  They are good at providing pragmatic advice and negotiating fair and reasonable terms with the counterparties.  Because of their broad experience in transactions, they often can draw on approaches from other deals to solve problems.’

‘Michelle Abad is developing into an excellent attorney.  She is usually very prompt in responding to questions and concerns with an eye toward customer service.’

Key clients

Natixis

JP Morgan

Credit Suisse

Royal Bank of Canada

Wells Fargo

PennyMac Mortgage Investment Trust

Freddie Mac

Citibank

Goldman Sachs

Deutsche Bank

Real estate Tier 3

Cadwalader, Wickersham & Taft LLP is home to 'incredibly capable' associates, and partners who are 'always on top of the deals'. The team has a particular emphasis on advising lender clients on finance transactions including mortgage and construction finance, mezzanine and syndicated lending, and convertible loans. William McInerney in New York oversees the department; he is noted for his experience of mortgage finance transactions, including sales of performing and non-performing commercial loans in the secondary market. The group also routinely handles real estate acquisitions, property investments and development mandates.

Practice head(s):

William McInerney

Other key lawyers:

Bonnie Neuman; Holly Marcille Chamberlain

Testimonials

‘They have multi-decade dominance representing commercial real estate lenders. Their origination platforms affords them a level of expertise and credibility that is unmatched in the industry.’

‘Cadwalader’s partners strive to achieve the right balance between advocating for their clients while remaining results-oriented. Fred Altschuler and Melissa Hinkle are two standouts that come to mind when I think about the partners that I would consider first call to represent me.’

Partners are on top of all deals; associates incredibly capable.’

‘Matt Robertson is fantastic. Most hands on partner I’ve worked with in 20+ years in the business. My clients love him.’

Key clients

JPMorgan Chase Bank

Deutsche Bank Securities

Wells Fargo Bank

Credit Suisse

Morgan Stanley Bank

HSBC Bank USA

New York REIT

Bank of America

US Bank

Regions Financial Corporation

Federal Home Loan Mortgage Corporation

TH Real Estate

Arbor Commercial Mortgage

Securities litigation: defense Tier 3

Cadwalader, Wickersham & Taft LLP has 'very strong advisors giving practical advice' and one source notes that 'they treat clients as equals and give pragmatic and understandable explanations on complex legal matters'. The 17-partner practice has a prominent presence in the financial services sector and frequently acts for financial institutions in nationwide class actions, consolidated multi-district litigation and parallel state court proceedings. Its knowledge of cutting-edge structured products, deal-contingent hedging, bank regulatory matters and and the hedge fund sector are among its key strengths. It often handles matters RMBS, CMBS, CDOs, CLOs, CDSs, auction rate securities, GICs, mezzanine loans and other financial products. The 'practical and solution-oriented' Jason Halper in New York is 'a terrific counsellor and advisor', and he leads the practice. Jonathan Watkins in Charlotte, who 'really goes above and beyond', and Nathan Bull in New York, who is 'very down to earth and easy to work with', are emerging talents at partner level.

Practice head(s):

Jason Halper

Other key lawyers:

Testimonials

The firm has very strong advisors giving practical advice. They take the time to get to know our business and work to see how they can best serve us.

Jason Halper is a terrific counsellor and advisor. who is very practical in his approach and solution-oriented.

The partners worked together better than I have seen at other firms. There was no intra-firm squabbles in front of me, the client.

I had one partner working out of the NYC office and one out of the Charlotte office, and I found it to be seamless.

My main partner was Jonathan Watkins, who works in both their Charlotte and their NYC offices. Jon takes a personal care and attention with the cases, really going above and beyond what I have seen in my twenty years of working with outside counsel. For the first day of my arbitration, he left the hospital where his wife was receiving emergency heart tests, grilled the bejesus out of the opposition, and then calmly returned to the hospital. I haven’t seen anything like that.

I found senior counsel Aaron Lang to be a very gifted writer. The clarity and speed of his brief writing was admirable.  Really, it’s like he should teach legal writing at a national law school.

The NYC partner I worked with was Nathan Bull, whose main role was to prep my for depositions and for the arbitration. What impressed me about him was how quickly he was up to speed with all the intricacies of the case, and I didn’t feel that my preparation was in the slightest “cookie cutter”. We discussed the facts of the case in the way a long term mentor might with a pupil, even though I had just recently met him.

Cadwalader has excellent partners and associates.  I have dealt with several “white shoe” law firms over my career.  Cadwalader does not have the pomposity I have seen at other white shoe firms. They listen well and give pragmatic and understandable explanations on complex legal matters. They treat clients as equals. The partners appear to treat the associates with respect, welcoming and valuing their input and giving them meaningful legal work.

I have worked with Nathan Bull on past and on-going litigation. He did a great job preparing me for and representing me in a deposition and works well with another law firm with a common interest in on-going litigation. He is very down to earth and easy to work with.

Nunu Luo is an associate who is very easy to work with, gives good advice and is helpful with all the logistics involved with on-going litigation.

Cadwalader has a team of litigators who are exceptionally hardworking but also easy to get along with. Even when they are representing the opposing side, they are responsive, responsible and reliable, which makes practicing opposite them as much of a pleasure as it could be under the circumstances.

Jason Halper is quiet and unassuming but an excellent thinker who is steady and sometimes witty at the podium.  Nathan Bull is a rising star who is a brilliant writer with a tremendous work ethic.

Transport: shipping - finance Tier 3

Cadwalader, Wickersham & Taft LLP's New York-based maritime team has experience of a variety of transactions in the sector, though the team is best known is known for representing creditors and bondholders in large restructuring matters, as well as in Chapter 11 and other bankruptcy proceedings. Richard Brand co-chairs the corporate practice and recently represented Evercore as financial advisor to Global Ship Lease in its combination with Poseidon Containers Holdings. Other key figures include Joshua Apfelroth and Gregory Petrick, who chairs the financial restructuring group and divides his time between the London and New York offices.

Practice head(s):

Richard Brand

Other key lawyers:

Key clients

Evercore

Safe Bulkers

US taxes: non-contentious Tier 3

The team at Cadwalader, Wickersham & Taft LLP has a strong reputation acting for insurance companies, funds and commercial and investment banks. New York-based Linda Swartz heads the practice group and is considered by some to be 'the best tax attorney in the US when it comes to structured M&A transactions'. Swartz is also a key contact for tax issues related to executive compensation. Jason Schwartz acts for banks, funds and investment managers, and divides his time between New York and Washington DC. Edward Wei left the firm for Gibson, Dunn & Crutcher LLP.

Practice head(s):

Linda Swartz

Other key lawyers:

Jason Schwartz; Gary Silverstein

Testimonials

‘They make the effort to understand the business and the business model unique to each client.’

‘Linda is in my opinion the best tax attorney in the US when it comes to structured M&A transactions. Her knowledge of the law and how to apply the law to each client’s specific business is unequaled.’

Key clients

Corindus Vascular Robotics

Procter & Gamble

Assured Guaranty Corp. and Assured Guaranty Municipal Corp.

Mantle Ridge

MBIA

Bank of America

Inteva Products

Ashford

Kingsland Holdings

Royal Bank of Canada

Woodward Capital Management

Community Bank System

Nearwater Capital

Employee benefits, executive compensation and retirement plans: transactional Tier 4

Cadwalader, Wickersham & Taft LLP’s employee benefits and executive compensation practice is engaged by a diverse client base of management teams, private equity houses, publicly-listed companies and big-ticket asset managers, with recognition for the firm's extensive Title 1 offering. New York-based practice heads James Frazier and David Teigman handle mid-cap M&A transactions, spin-offs and shareholder activism campaigns. The team has established a strong practice acting for high-profile CEOs and other senior executives in high-stakes compensation negotiations arising from company buyouts. Teigman also routinely advises on investment transactions which involve equity-based incentive negotiations.

Practice head(s):

James Frazier; David Teigman

Testimonials

Cadwalader is known for its strength in transactions, with a particular specialty in advising activist investors.

David Teigman is an excellent practitioner- technically strong, commercial and a lovely guy to work with.

Key clients

AngioDynamics, Inc.

Community Bank System, Inc.

Corindus Vascular Robotics, Inc.

Inteva Products, LLC

M&G Investment Management

Mantle Ridge L.P.

The management team of ASP Unifrax

Multiple Financial Institutions – Structured Note Issuance

BNP Paribas

UBS

Toronto Dominion Bank

Financial services regulation Tier 4

Cadwalader, Wickersham & Taft LLP has a very strong and highly active broker-dealer and swap-dealer practice, noted for advising SIFMA and various large financial institutions on matters relating to regulatory changes and proposals that stand to have a major impact on its clients' financial prospects. The firm is also well-known for guiding large financial institutions through the Dodd-Frank act. In addition to these core areas of expertise, the team is also well-placed to handle the regulatory aspects of transactions, such as M&A and PE investments, and to provide ongoing advice to large financial institutions on global AML requirements and antitrust laws. Steven Lofchie is the firm's go to broker-dealer specialist, and Scott Cammarn advises international banks on anti-money laundering, anti-corruption and various Volcker issues. In addition, Cammarn has an active presence in the fintech space, and also works alongside Lofchie in broker-dealer matters. Mark Chorazak is often sought by financial services companies to advise on compliance under the Bank Holding Company Act and Dodd-Frank; however he is perhaps best known for his expertise acting for clients in large M&A. Special counsel Nihal Patel is engaged by clients on a regular basis to provide advice on trading, structuring and internal compliance relating to derivatives. Senior counsel Richard Schetman co-chairs the financial services group.

Practice head(s):

Scott Cammarn; Richard Schetman

Key clients

ABN AMRO

Ally Financial

Angelo, Gordon & Co.

Assured Guaranty

Banco Santander

Bank of America

Merrill Lynch

Bank of Ireland

Bank of Montreal

Bank of New York

Bank of Nova Scotia

Barclays Bank

BlackRock

Bloomberg

BNP Paribas

Canadian Imperial

Bank of Commerce

Castle Creek Capital

CITIC Securities / CLSA

Citigroup

CommonBond

Community Bank System

Credit Agricole

Credit Suisse

Deutsche Bank

Dexia

ED&F Man Capital Markets

Exelon

International tax Tier 4

Cadwalader, Wickersham & Taft LLP's tax team has core strengths in large-scale, cross-border debt restructuring and complex securities offerings, though the group is also regularly involved in multibillion-dollar M&A. The practice group is headed by Linda Swartz in New York, who is representing the largest creditor to Puerto Rico in connection with the territory's municipal restructuring effort. Jason Schwartz is the key name in Washington DC; he has recently acted for several prominent investment managers in the structuring of certain financial products and other corporate investment vehicles. Edward Wei departed for Gibson, Dunn & Crutcher LLP in June 2019.

Practice head(s):

Linda Swartz

Other key lawyers:

Testimonials

The practice has a strong general background in international and financial transactions. Jason Schwartz is excellent. He is smart, responsive, commercial, and has a very broad knowledge base of many areas of tax law.

Key clients

Corindus Vascular Robotics

The Procter & Gamble Company

Assured Guaranty Corp. and Assured Guaranty Municipal Corp.

MBIA

Inteva Products

Kingsland Holdings

Royal Bank of Canada

Evercore

Liquid Digital Capital Markets

Alternative/hedge funds Tier 5

The ‘practically-minded Dorothy Mehta heads the alternative and hedge fund practice at Cadwalader, Wickersham & Taft LLP, which represents sovereign wealth funds, hedge funds, investment advisers, and real estate investment funds, and also advises start-up and institutional managers and investors. Based in New York, the team is noted for its ‘congenial’ and ‘disarming’ negotiating style, and is adept at handling regulatory and transactional issues, with a core focus on the establishment of separately managed account arrangements.

Practice head(s):

Dorothy Mehta

Other key lawyers:

Jason Schwartz; Matthew Lefkowitz

Testimonials

‘The team at CWT is a pleasure to work with.  They are both personable and effective.  They are always a pleasure to talk with, but they are also strong advocates.’

Restructuring (including bankruptcy): corporate Tier 6

The financial restructuring group at Cadwalader, Wickersham & Taft LLP stretches on both sides of the Atlantic, with New York-based partner Ingrid Bagby often liasing with the firm's London office. In the US, the team is recognized for its distinguished work on Puerto Rico and Energy Future Holdings, as well as its engagement in bankruptcy cases in relation to structured finance products. These are handled in active collaboration with the firm's capital markets and real estate departments.

Practice head(s):

Ingrid Bagby

Key clients

MBIA

Assured Guaranty Corp

Morgan Stanley Capital Services

Structured Finance Association (formerly Structured Finance Industry Group)

Argonaut Insurance Company

Hemen Holdings Limited

Toisa Limited (Informal Ad Hoc Secured Lender Committee)

Credigy

Corporate investigations and white-collar criminal defense

Cadwalader, Wickersham & Taft LLP's team works closely with the firm's London offices to provide a transatlantic service for financial institutions and corporations involved in cross-border investigations and enforcement proceedings. The group has also developed an impressive practice representing individuals, notably in politically-sensitive matters. Jodi Avergun heads the team from Washington DC, where she draws on expertise in FCPA, securities enforcement and healthcare-sector matters. Based in Charlotte, Anne Tompkins stands out for corporate investigations, while Todd Blanche in New York has an active practice defending corporates and individuals against grand jury subpoenas, criminal charges and regulatory inquiries. In June 2019, Douglas Gansler joined the Washington DC office from Buckley LLP and heads the state attorneys general practice at the firm.

Practice head(s):

Jodi Avergun

Shareholder activism

Cadwalader, Wickersham & Taft LLP represents strategic investors in activist campaigns, and also handles litigation related to activism. Shareholder activism falls within the wider corporate practice, which is jointly led by co-chairs Richard Brand and William Mills, with Brand in particular leading on a fair amount of the firm's shareholder activism work. Over the last year the team managed successful campaigns against companies including Aramark, Methanex Corporation, and MGM Resorts International. Another contact in this space is Stephen Fraidin, who joined the team in June 2018 and has extensive experience of complex M&A, proxy contests, and other corporate transactions. All named attorneys are based in New York.

Practice head(s):

Richard Brand; William Mills

Other key lawyers:

Testimonials

‘Cadwalader’s practice advises both public companies and shareholders and this makes them an especially useful resource. They have a great understanding of the market and also of the broader strategic questions surrounding an activism situation.’

‘Richard Brand is building a strong practice in this area and is extremely knowledgeable about a wide range of activism situations — He also brings to the table strong skills as an M&A lawyer which is important.’

Key clients

Mantle Ridge

Sachem Head Capital Management

Kingsland Holdings

M&G Investment Management

Corvex Management

D.E. Shaw & Co.

Tarsadia

Cadwalader, Wickersham & Taft LLP, founded in downtown New York in 1792, is proud of its more than 225 years of service to many of the world’s leading financial institutions, investment funds and corporations. Our lawyers help clients identify opportunities, create value and manage risk by crafting innovative business solutions and developing sophisticated legal strategies. With offices in New York, London, Charlotte and Washington, D.C., Cadwalader advises clients with interests in the United States, in Europe and around the world.

Main areas of practice
Capital markets: Our team is widely recognized as a premier global legal advisor in securitization and structured finance. We represent investment banks, issuers, funds and private equity sponsors in structuring and executing transactions across a broad array of structured products and asset classes, including ABS, CLOs, CMBS, CRE CLOs, RMBS, structured workout financings and whole loan sales.

Corporate: Cadwalader represents companies, financial institutions, private equity firms and other investors across the full spectrum of complex negotiated and hostile corporate transactions, including mergers, acquisitions, joint ventures, divestitures and spinoffs, as well as public and private debt and equity securities offerings, and securities law matters. We also advise clients on takeover preparedness and defense, shareholder activism and defense, and related corporate governance issues.

Finance: Cadwalader advises financial institutions, private equity sponsors and corporate borrowers in a wide variety of financing transactions, including acquisition, leveraged and other syndicated financings; senior secured, second lien and mezzanine loans; asset-based lending transactions; commodities financings; the financing of financial assets; and rescue financing, workouts, debtor-in-possession financings and exit financings.

Financial restructuring: We regularly advise debtors, creditors, official and ad hoc committees, and other market participants in formal and out-of-court restructurings and bankruptcy and insolvency proceedings in the U.S. and U.K. We also counsel strategic investors on distressed and special situation opportunities.

Financial services: We counsel clients on statutory and regulatory requirements, including those governing banks and bank holding companies, foreign banking organizations, nonbank finance companies and lenders, broker-dealers, securities and futures exchanges, swap dealers, investment advisers and funds. We advise hedge funds, private equity funds and asset managers on structuring funds and raising capital. We also represent issuers, dealers and end-users on complex derivatives and structured products transactions. We advise a variety of secondary market investors on the regulatory aspects arising in connection with the purchase of consumer and commercial receivables.

Fund finance: The firm’s market-leading team represents financial institutions as lenders and lead agents on the full range of fund finance products, including subscription credit facilities, hybrid facilities, leverage facilities, management fee and GP lines of credit, equity commitment facilities and credit-enhanced corporate loans, for private equity funds sponsored by many of the world’s preeminent fund sponsors.

Litigation: Cadwalader’s full-service, transatlantic litigation team handles all aspects of dispute resolution, including negotiation, mediation and arbitration. Our trial practice helps clients successfully navigate enterprise-threatening litigation with confidence. We protect and defend our clients in a broad range of strategic areas, including antitrust, corporate and financial services litigation and regulation, and intellectual property. Our State Attorneys General Practice advises clients facing federal and state investigations and enforcement actions, as well as civil and criminal matters, involving state attorneys general, the DOJ and other government agencies.

Private wealth: Cadwalader is a leading authority on international and domestic private wealth matters. The firm has a long history of advising U.S. and multinational individuals and families in planning for the preservation, governance and transmission of wealth. We advise clients on business succession planning, tax planning, tax compliance, charitable giving, and the creation of family offices, trusts, partnerships and charitable foundations.

Real estate: Our premier real estate finance team represents financial institutions and investors in the origination of securitized and balance sheet mortgage and mezzanine loans, syndicated loans and construction loans secured by virtually all property types, including hotel, office, retail, healthcare, multi-family and industrial properties. These range from single, trophy assets to multi-asset, multi-state and whole-company transactions, as well as the sale of mortgage and mezzanine loans in the secondary market, co-lender and intercreditor agreements, servicing and loan workouts, and restructurings.

Tax: Cadwalader’s tax practice is notable for its sophistication and expertise in complex, tax-advantaged transaction structures that have been employed in the most complex public and private mergers and acquisitions, spin-offs, Reverse Morris Trusts (RMTs), divestitures, joint ventures, restructurings and foreign tax planning strategies. We are a leader in structuring sophisticated securitization vehicles and have had a primary role in virtually every type of mortgage-backed and asset-backed securitization in the market.

White-collar defense and investigations: Our team, comprised of nationally and internationally recognized leaders in the field, including former federal prosecutors, senior SEC enforcement counsel and DEA senior executives, brings extensive experience to our corporate and individual clients in a broad range of white collar defense and investigations. We represent financial institutions, public companies, investment funds, institutes of higher education and individuals in government investigations and provide clients strategic advice when they face business crises, potential enforcement actions and other complex regulatory issues.

Department Name Email Telephone
Capital Markets Michael Gambro
Capital Markets Stuart Goldstein
Corporate William Mills
Corporate Richard Brand
Real Estate William McInerney
Fund Finance Michael Mascia
Financial Restructuring Gregory Petrick
Financial Services Scott Cammarn
Financial Services Richard Schetman
Litigation Jason Halper
Private Wealth Dean Berry
Tax Linda Swartz
White Collar Defense and Investigations Jodi Avergun
Number of Partners : 102
Number of Other Lawyers : 315
Managing Partner : Patrick Quinn
Other Offices : London