With seven deals valued at approximately $2.45 billion, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. ranked fifth among underwriter’s counsel in the first quarter of 2012 according to new rankings published by The Bond Buyer.
In a “meteoric leap,” the firm’s activity rose from three issues and a 0.3% market share in the first quarter of 2011 to seven issues with a 4.6% market share in the first quarter of 2012. The firm’s New York office accounted for the bulk of the dollar value, with three deals totaling nearly $2.1 billion.
“Mintz Levin has long had a significant presence in the public finance arena, both in New York and nationally,” said Jonathan Ballan, a member in the firm’s Public Finance Section in New York. “The bond market has been hot since the beginning of the year and several projects that had been in development came to fruition. As government entities continue to take advantage of a low interest rate environment, we expect this trend to continue.”
Recent transactions propelling Mintz Levin to the top of the rankings include:
• Representing Citigroup Global Markets Inc. in an issue for DASNY State University Educational Facilities totaling $838,100,000 with a closing date of February 23, 2012.
• Representing Wells Fargo Securities LLC in an issue for the State of New Hampshire Turnpike System Revenue Bonds totaling $65,355,000 with a settling date of March 6, 2012.
• Representing Citigroup Global Markets Inc. in an issue for the State of Vermont General Obligation Bonds totaling $132,060,000 with a closing date of March 21, 2012.
• Representing Bank of America Merrill Lynch in an issue for the New York State Thruway Authority Second General Highway and Bridge Trust Fund Bonds totaling $780,495,000 with a closing date of March 22, 2012.
• Representing Morgan Stanley in an issue for the Remarketing of the Metropolitan Transportation Authority totaling $427,850,000 with a closing date of March 28, 2012.
• Representing Barclays Capital Inc. in two issues for the Massachusetts Water Resources Authority General Revenue Bonds and Massachusetts Water Resources Authority General Revenue Refunding Bonds, totaling $150,000,000 and $86,775,000, respectively with a closing date of April 19, 2012.
For more information The Bond Buyer’s Bond Counsel rankings click here.