Locke Lord was ranked fourth on The Bond Buyer’s list of top bond counsel in the nation for competitive sales during Q1 2020 with 39 issues totaling $1.03 billion, the highest number of issues of any firm in the top 10. The Firm was also ranked No. 10 on the Top Underwriter’s Counsel List for Q1 2020.
The team’s recent notable matters include acting as bond counsel for the State of Rhode Island for $300 million in emergency lines of credit needed to fund the State’s cash flow as expenses increase and tax and revenue collections are delayed due to COVID-19; serving as bond counsel with respect to $136.055 million Massachusetts Development Finance Agency Revenue Bonds, Massachusetts Institute of Technology Issue, Series P (2020); serving as underwriters’ counsel for a 19-member syndicate led by BofA Securities and Goldman Sachs on a $2.3 billion bond issue for the Grand Parkway Transportation Corporation and serving as underwriter’s counsel to Barclays Capital Inc. for the issuance of $148.82 million Massachusetts Development Finance Agency Revenue Bonds, Boston College Issue, Series U (2020).
Locke Lord’s Public Finance Practice Group has one of the largest bond counsel practices in the country and more than 130 years of involvement in the law of public borrowing and the federal tax and securities aspects of public debt obligations. The Firm’s public finance lawyers have extensive experience nationwide serving as bond counsel, disclosure counsel, underwriters’ counsel, issuer’s counsel, borrower’s counsel, bank counsel, special tax counsel and trustee’s counsel representing the full range of governmental and quasi-governmental issuers, special purpose entities, tax-exempt organizations and other entities and financial institutions.