5 October 2007
Mayer Brown, a leading global law firm, announced today that it has formed a Subprime Lending Response Team to help clients address the issues resulting from the continuing distress in the subprime lending market.
The impact of the subprime lending markets is reverberating worldwide and regulatory scrutiny in the U.S. and Europe is increasing. Recognizing the global nature of the problem, Mayer Brown has assembled an interdisciplinary team of lawyers from our offices in the U.S., the UK, and Germany whose practices include securitization, banking, real estate, securities, and litigation.
The firm has best in class expertise with the securitization and collateralized debt obligation (CDO) markets across multiple industries and national borders and its lawyers comprise one of the largest groups in the world in this area. Mayer Brown has an accomplished and highly-regarded financial services regulatory legal practice and a financial restructuring and bankruptcy practice that is unsurpassed in its depth and breadth of success. The Subprime Lending Response Team will enhance the firm's recognized position as the leading legal adviser in these markets by also offering dispute management and regulatory services to clients facing the increased risks of litigation and regulatory inquiry.
"It's clear that the impact of foreclosures and defaults in the subprime lending market will present a variety of challenges," said Mayer Brown litigation partner Dan Brown, one of the lawyers spearheading this team. "That means participants in these volatile markets need advisers with insight into a wide range of related topics-including securitization, government investigations, real estate, litigation and regulatory practices-as well as local expertise in the U.S. and internationally."
"The organization of the interdisciplinary Subprime Lending Response Team represents Mayer Brown's continued commitment to serving its current and future clients with best in class service and expertise across all practice areas," said Mayer Brown finance and securitization partner Jon Van Gorp. He added, "We are confident that we have brought together a team with expertise and depth of experience in these issues as strong as any in the legal marketplace."
"Our global platform and worldwide network of offices and affiliates enables us to provide clients with comprehensive advice and a strong, coordinated response to any challenges arising from the fallout in subprime lending," said James D. Holzhauer, Mayer Brown's Chairman. "Our global leadership in finance and securitization gives us the ideal platform to provide the broad counsel our clients need now."
For more information, please visit www.mayerbrown.com/subprime
. Mayer Brown has developed a resource page on the Mayer Brown web site, focused on this team and its initiatives. The resource page provides the latest news and analysis of the rapidly changing market and the regulations governing the subprime market.