Bond Buyer: ArentFox Schiff Merger a “Win/Win” for New Firm’s Public Finance Practice

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Arent Fox’s upcoming merger with Schiff Hardin, Bond Buyer reported, will serve as a “perfect pairing” for the firm’s Public Finance practice, offering clients national support and industry-focused service.

In addition, the merger will put ArentFox Schiff lawyers in major economic hubs and financial centers coast to coast and will double the size of the corporate and finance practices. The Public Finance practice will be co-led by Arent Fox Partner Rick Krainin and Schiff Hardin Partner Bruce WeisenthalThe merger will be effective on March 1, 2022
“Arent Fox is a ‘go to’ firm for innovative structuring and challenging credits,” Arent Fox  Public Finance Partner David Dubrow told Bond Buyer. “For example, Arent Fox was one of two law firms selected by the Federal Reserve and New York Federal Reserve Bank to devise and implement their Municipal Liquidity Facility to help state and local governments better manage cash flow pressures during the pandemic.”   
Arent Fox’s public finance focus is “on the underlying borrowers and creditors in revenue bond transactions,  including structuring transactions as well as completing complex and sophisticated workouts and restructurings both in and out of court, through foreclosures and in bankruptcy,” wrote Bond Buyer.  Meanwhile, Bond Buyer reported that “Schiff has operated from its Chicago and San Francisco offices as a full-service public finance firm, including as bond counsel, issuer’s counsel, borrower’s counsel, disclosure counsel, and underwriters’ counsel on all types of governmental and private-activity bond financings.”
“Our deep legal bench gives us a formidable market presence and offers clients a one-stop-shop for issues involving public finance,” Bruce said

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