Practice Areas & Industries: Greenberg Traurig, LLP

 





Group Profile Lawyers in this Group Offices Locations for this Group
 

Practice/Industry Group Overview

Steady population growth and a marked increase in the pace of real estate development over the past decade have affected state and local governments across the country. They are increasingly challenged to meet public infrastructure needs, from airports and expressways to schools and other public projects. These governments face the challenges of financing and strategic planning, while limited resources add to the pressure of how funds are allocated.

At Greenberg Traurig, we don’t just advise our clients on immediate needs - we help them develop and implement long-term financial strategies. Our Public Finance Practice brings together an interdisciplinary team of attorneys from our Securities, Banking, Tax, Land Use, Creditors’ Rights Litigation and Real Estate Practices. We provide clients with legal services tailored to their particular public finance needs. Our attorneys have participated in a wide range of public projects and programs, including education, roads and bridges, transportation, community redevelopment, utilities, health care, single and multifamily housing, 501(c)(3) organizations, community development and industrial development.

The attorneys in our national practice group serve as bond, underwriter’s, issuer’s, borrower’s, special tax and disclosure counsel for all types of financings by public entities throughout the United States. Our clients include states, counties, municipalities, school districts and many different kinds of special purpose units of local government. We also serve as counsel to financial institutions acting as trustees, credit enhancers, liquidity providers and institutional purchasers. Our team is particularly well known for our single-family and multifamily housing finance work; we advise many residential real estate developers and lenders on tax-exempt financing. We also focus on public education and community development district financings, among other areas.

The Greenberg Traurig Public Finance Team has experience in structuring complex transactions and has attorneys who specifically focus on the tax aspects of municipal finance. This concentration also allows us to represent parties in dealing with the Internal Revenue Service Tax-Exempt Bond Office.

Finally, Greenberg Traurig is one of a small group of firms nationally focusing on secondary market tax-exempt bond transactions such as tender option bond programs, total rate of return swaps and other derivative transactions. We are often able to assist clients in achieving significant savings by using these structures. The Greenberg Traurig Public Finance Team is also able to draw on the experience, capabilities and resources of the firm’s nationwide team of attorneys and governmental affairs professionals.

Public Finance Legal Services

  • General obligation and revenue bond financings
     
  • Community development districts and special tax district financings
     
  • Bond validation proceedings, including contested proceedings
     
  • Short-term financings through revenue, tax, and grant anticipation notes
     
  • Financings authorized under ARRA, including BABs, QZEDBs, QZFBs, and QSCBs
     
  • Tax-exempt lease, lease-purchase, and installment purchase financings
     
  • Municipal liability insurance
     
  • Public-private partnerships
     
  • Interest rate swaps and other derivatives
     
  • Multimodal financings
     
  • Workouts and restructurings
     
  • Issuers’ presentations to ratings agencies

Project Experience

  • Education
     
  • Health care
     
  • Water and sewer
     
  • Solid waste
     
  • Resource recovery
     
  • Single/Multifamily housing
     
  • Industrial development
     
  • Community development
     
  • Capital equipment
     
  • Transportation
     
  • Mass transit
     
  • Airport
     
  • Seaport
     
  • Public safety
     
  • OPEB liability funding
     
  • Roads and bridges
     
  • Transit systems
     
  • Expressways
     
  • Turnpikes
     
  • Criminal justice
     
  • Electric utility
     
  • Electric power
     
  • Pollution control
     
  • Water management
     
  • Convention
     
  • Sports and trade facilities
     
  • University
     
  • Redevelopment
     
  • Municipal liability insurance
     
  • New markets tax credits

Rankings

GT consistently ranks among the top bond, disclosure and underwriter’s counsel firms according to nationwide and statewide rankings compiled by Thomson Financial and reported in The Bond Buyer, a nationally recognized municipal finance publication. The rankings are based on the aggregate dollar amount of publicly offered long-term tax-exempt bond financings, and do not include short-term instruments, private or direct placements or remarketings. Set forth below are the Firm’s national and state rankings for 2012:

As Bond Counsel:

  • No. 10 among the top U.S. bond counsel firms, based upon our having issued approving opinions on $7 billion of publicly offered, long-term tax-exempt bonds in 89 financings
     
  • No. 2 among the top bond counsel firms in Arizona, based upon our having issued approving opinions on $1.1 billion of publicly offered, long-term tax-exempt bonds in 29 issues
     
  • No. 3 among the top bond counsel firms in Florida, based upon our having issued approving opinions on $2.4 billion of publicly offered, long-term tax-exempt bonds in 46 issues
     
  • No. 27 among the top bond counsel firms in Illinois, based upon our having issued approving opinions on $14.4 million of publicly offered, long-term tax-exempt bonds in three issues
     
  • No. 6 among the top bond counsel firms in Massachusetts, based upon our having issued approving opinions on $42.5 million of publicly offered, long-term tax-exempt bonds in one issue
     
  • No. 2 among the top bond counsel firms in Puerto Rico, based upon our having issued approving opinions on $2.7 billion of publicly offered, long-term tax-exempt bonds in two issues
     
  • No. 17 among the top bond counsel firms in Texas, based upon our having issued approving opinions on $239.6 million of publicly offered, long-term tax-exempt bonds in four issues

As Disclosure Counsel:

  • No. 6 among the top U.S. disclosure counsel firms, based upon our having issued disclosure opinions on $4.8 billion of publicly offered, long-term tax-exempt bonds in 39 issues
     
  • No. 2 among the top disclosure counsel firms in Arizona, based upon our having issued disclosure opinions on $281.6 million of publicly offered, long-term tax-exempt bonds in six issues
     
  • No. 30 among the top disclosure counsel firms in California, based upon our having issued disclosure opinions on $9.5 million of publicly offered, long-term tax-exempt bonds in two issues
     
  • No. 4 among the top disclosure counsel firms in Florida, based upon our having issued disclosure opinions on $636.9 million of publicly offered, long-term tax-exempt bonds in 13 issues
     
  • No. 4 among the top disclosure counsel firms in Georgia, based upon our having issued disclosure opinions on $237.1 million of publicly offered, long-term tax-exempt bonds in two issues
     
  • No. 2 among the top disclosure counsel firms in Massachusetts, based upon our having issued disclosure opinions on $1.9 billion of publicly offered, long-term tax-exempt bonds in three issues
     
  • No. 2 among the top disclosure counsel firms in Texas, based upon our having issued disclosure opinions on $1.2 billion of publicly offered, long-term tax-exempt bonds in seven issues

As Underwriter’s Counsel:

  • No. 14 among the top U.S. underwriter’s counsel firms, based upon our having served as underwriter’s counsel on $4 billion of publicly offered, long-term tax-exempt bonds in 83 financings
     
  • No. 2 among top underwriter’s counsel firms in Arizona, based upon our having served as underwriter’s counsel on $1.2 billion of publicly offered, long-term tax-exempt bonds in 38 issues
     
  • No. 16 among the top underwriter’s counsel firms in California, based upon our having served as underwriter’s counsel on $142 million of publicly offered, long-term tax-exempt bonds in seven issues
     
  • No. 1 among top underwriter’s counsel firms in Colorado, based upon our having served as underwriter’s counsel on $1.4 billion of publicly offered, long-term tax-exempt bonds in eight issues
     
  • No. 11 among the top underwriter’s counsel firms in Florida, based upon our having served as underwriter’s counsel on $360.2 million of publicly offered, long-term tax-exempt bonds in eight issues
     
  • No. 14 among the top underwriter’s counsel firms in Georgia, based upon our having served as underwriter’s counsel on $65.3 million of publicly offered, long-term tax-exempt bonds in one issue
     
  • No. 28 among the top underwriter’s counsel firms in Illinois, based upon our having served as underwriter’s counsel on $49.7 million of publicly offered, long-term tax-exempt bonds in three issues
     
  • No. 11 among the top underwriter’s counsel firms in Massachusetts, based upon our having served as underwriter’s counsel on $138.9 million of publicly offered, long-term tax-exempt bonds in two issues
     
  • No. 35 among the top underwriter’s counsel firms in Pennsylvania, based upon our having served as underwriter’s counsel on $35.2 million of publicly offered, long-term tax-exempt bonds in one issue
     
  • No. 19 among the top underwriter’s counsel firms in Texas, based upon our having served as underwriter’s counsel on $174.6 million of publicly offered, long-term tax-exempt bonds in five issues

In addition, GT’s U.S. offices are listed in the most recent edition of The Bond Buyer’s Municipal Marketplace (also known as “The Redbook”).


 

Services Available

 
Group Presentations
  CDFA Sustainable Public Finance Symposium, Matt Lewin Speaker, Washington, District of Columbia, March 5, 2009
 
Past Seminar Materials
  NAHEFFA - 2013 Fall Conference, October 7, 2013
2013 National Charter Schools Conference , June 30, 2013
Broward League of Cities Annual Installation DInner, May 4, 2013
NAHEFFA - 2013 Spring Conference, April 15, 2013
TEAMFL Quarterly Meeting , April 9, 2013
 
 
Articles Authored by Lawyers at this office:

A Brief Recap of Recent Regulatory Actions Regarding Short-Term, Small-Dollar Lending
Robert E. Bostrom,Peter L. Cockrell,Brett M. Kitt,Gil Rudolph,J. Scott Sheehan, December 09, 2013
Providers of short-term, small-dollar loans, including deposit advance products and payday loans, have increasingly come under attack in recent months by Federal and State regulators. These attacks have been both collateral and direct and they appear to be close to reaching a dramatic crescendo. A...

On Party Line Vote, House Financial Services Committee Passes Six Bills Aimed at Restructuring the CFPB
Robert E. Bostrom,Peter L. Cockrell,Brett M. Kitt,Gil Rudolph,J. Scott Sheehan, November 29, 2013
On November 21st, the House Financial Services Committee passed six bills aimed at bringing oversight, accountability and transparency to the CFPB. Committee Chairman Jeb Hensarling (R-TX) called the bills “common-sense bills that bring a modicum of accountability and transparency to the...

CFPB Trial Disclosure Program Now Effective
Robert E. Bostrom,Peter L. Cockrell,Brett M. Kitt,Gil Rudolph,J. Scott Sheehan, November 15, 2013
On October 29th, the CFPB’s Notice of Policy regarding its Trial Disclosure Program was published in the Federal Register, thus making the Policy effective. Section 1032(e) of the Dodd-Frank Act permits consumer financial service providers to “conduct a trial program that is limited in...

Federal Financial Regulators Issue Diversity Policy Statement
Robert E. Bostrom,Peter L. Cockrell,Gil Rudolph,J. Scott Sheehan, November 05, 2013
On October 23rd, the OCC, the Federal Reserve Board, the FDIC, the NCUA, the SEC, and the CFPB issued a proposal for joint standards to assess the diversity policies and practices of their respective regulated entities. Section 342 of the Dodd-Frank Act requires each of these agencies to develop...

CFPB Issues Interim Final Rule and Bulletin Clarifying Mortgage Servicing Requirements
Robert E. Bostrom,Peter L. Cockrell,Brett M. Kitt,Gil Rudolph,J. Scott Sheehan, October 31, 2013
On October 15th, the CFPB issued an Interim Final Rule and CFPB Bulletin 2013-12. Both provide clarification regarding certain aspects of the CFPB’s recently published Mortgage Servicing Rule (MSR). The Bulletin provides guidance regarding: (1) policies and procedures for successors in...