DLA Piper LLP (US) advises clients across the ABS and CLO markets, with lawyers experienced in traditional and non-traditional asset classes. It regularly advises banks and asset managers on their CLO concerns. The firm is also very present in the music royalties-backed securities market. Head of practice Richard Reilly Jr. is experienced in domestic and international CLO matters, advising leading investment banks and firms in the area. Los Angeles-based Claire Hall advises clients on esoteric ABS securitizations, including music royalties, solar leases and LIHTC portfolio-derived cash flows. Jay Williams maintains a diversified ABS practice, advising on CRE, media rights, C-PACE and repo financings matters. Based in Boston, Andrew Sroka adds to the firm’s expertise in different asset classes, with knowledge on esoteric asset classes including student loans, trade receivables, tobacco settlement fee awards and escrow rights, and IP royalties. Unless otherwise stated, lawyers are based in New York.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The team is very knowledgeable, collaborative, and great to work with over all.’

  • ‘The DLA Piper team bring the expertise and industry knowledge that clients need, at better pricing than some of their larger competitors.’

  • ‘Jay Williams and Grant Buerstetta bring to the table a very welcome combination of technical expertise and experience along with excellent commercial sensibilities. They prove themselves time and time again to be an invaluable resource and much trusted advisers.’

Key clients

  • Deutsche Bank
  • Ares Management
  • BlackRock, Inc.
  • Sound Point Capital Management, LP
  • Irradiant Partners
  • New Mountain Capital
  • MC Credit Partners
  • Shenkman Capital Management, Inc.
  • Trimaran Advisors, L.L.C.
  • Société Générale
  • Lendbuzz Inc.
  • Affirm, Inc.
  • Kapitus
  • Jefferies Funding LLC
  • Castellan Real Estate Partners
  • Nuveen Alternatives Advisors LLC
  • Concord
  • HarbourView Equity Partners, LLC
  • STORE Capital

Work highlights

  • Advised Concord in its US$1.8 billion music securitization and upsize for US$500 million.
  • Advised Sound Point Capital Management in the acquisition of Assured Guaranty.
  • Advised Goldman Sachs, as arranger counsel, on US$989.50 million in new issues managed by Empower Capital Management, LLC, a new CLO manager in its first ever CLO transactions - Empower CLO 2023-1 and Empower CLO 2022-1.

Lawyers

Practice head

The lawyer(s) leading their teams.

Richard Reilly Jr.

Other key lawyers

Claire Hall, Jay Williams, Andrew Sroka