In the highly-competitive public finance environment, there is no substitute for experience. Issuers consistently trust our Public Finance practice group for counsel on their municipal finance and bond counsel needs.
Our Services
We serve as counsel to underwriters, credit enhancers, trustees, and investors on a wide range of issues over decades of development in the public finance marketplace.
We support fiscally distressed communities under adverse circumstances. We also work with our clients through periods of high interest rates, which spur tax-exempt commercial paper programs and variable rate demand debt. During periods of relatively low interest rates, we also help clients with refundings to capture debt service savings.
Bond Counsel + Municipal Finance
We bring deep municipal finance experience to our role as bond counsel. Our lawyers provide legal representation for tax-exempt and taxable financings as bond counsel for more than 60 cities, towns, and municipal entities in Connecticut, Massachusetts, New Hampshire, and Rhode Island—ranging from small towns functioning under the New England town meeting form of government, to large cities with active, large capital budget issues.
In addition to our general obligation bond practice, we serve as bond counsel to cities, towns, and authorities in connection with the issuance of revenue bonds to finance numerous capital projects, including cultural facilities, economic development projects, and housing projects.
Refunding + Innovative Financing Techniques
We are also actively involved in advance refundings structured to enable issuers to achieve net present value debt service savings. We are well-versed in the complex tax issues presented by refundings and other innovative financing techniques and in the use of exempt facility bonds to spur economic development and meet public policy goals.
Our Public Finance group is also knowledgeable in innovative financing techniques reflecting the marketplace, including:
- Capital appreciation bonds
- Commercial paper financings
- Interest rate swap agreements
- Lease purchase agreements
- Refunding bonds
- Tax-increment bonds
- Variable rate demand bonds
- Zero coupon and original issue discount obligations
Our Team
Our Public Finance practice group comprises an integrated team of professionals who are proficient in this specialized area. To provide seamless services in all situations, our dedicated securities and tax practitioners collaborate with colleagues in our firm’s diverse practice groups, including Tax + Exempt Organizations.
Our firm has provided bond counsel services for securities offerings by states, municipalities, public authorities, and agencies for more than 60 years. As one of the country’s first nationally recognized bond counsel firms, we have been listed in The Bond Buyer's Municipal Marketplace (Red Book) since the early 1940s. We often rank among leading firms as bond counsel and underwriters' counsel both nationally and regionally.
Our Public Finance practice group takes a sophisticated approach to delivering bond counsel services. Through our extensive experience, we provide efficient and effective legal services.
