Collateralised loan obligations (CLOs) have been an important, if somewhat obscure, part of the finance ecosystem for many years. However, partners in this relatively niche area of structured finance have recently become some of the most in-demand in the lateral market – so what is driving all this activity?
This September, structured finance specialist David Quirolo took a 37-lawyer, 10-partner team, from Cadwalader to Orrick, combining a highly regarded CLO practice with the firm’s already comprehensive debt finance platform.
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