Lary Stromfeld has represented leading financial institutions and other participants in the global capital markets for more than 30 years. His versatile practice and strong technical skills have earned him rankings as a top attorney in two distinct areas: derivatives and municipal bankruptcies. In January 2016, Risk
magazine recognized Cadwalader as “Law Firm of the Year” on the basis of three projects, all of which are co-led by Lary:
•developing an industry-wide solution to the Volcker Rule for municipal tender option programs,
•representing ISDA in the development of documentation to comply with margin requirements under Dodd-Frank, and
•representing a creditor with a multi-billion dollar exposure to Puerto Rico and its public agencies.
Lary has a reputation for giving practical advice in transactions and advisory matters involving a wide variety of financial products and complex financings. According to Chambers USA, Lary is one of the best from a strategy perspective, ? extremely logical and very good at cutting through the surface material to get to the heart of any matter, ? has a true gift... which allows him to stay calm and unrattled, ? and he never says 'no, '? but rather suggests how to get around limitations and exploit opportunities ? (Chambers USA). He is recommended for his advice on the full range of structured products and derivatives matters, including bankruptcies, close-outs and disputes ? (Chambers USA). He has been called an expert of the highest caliber ? with a derivatives practice that is truly versatile, spanning advisory and transactional matters ? (Chambers Global). He is also the co-head of Cadwalader's Distressed Municipal Finance Practice and the founder and head of Cadwalader's historically famed... leading Municipal Derivatives practice ? (Chambers USA).
Lary's recognitions include:
•Chambers Global - The World's Leading Lawyers : Band 1 in global rankings of derivatives specialists.
•Chambers USA -America's Leading Lawyers : Band 1 in U.S. national rankings of derivatives specialists.
•US Legal 500 : a “Leading Lawyer” in Municipal Bankruptcy with deep municipal finance experience and part of a derivatives team that is “incredibly thoughtful and knowledgeable; if there is a solution, they will find it.”
•The Best Lawyers in America : a leading lawyer in Derivatives and Futures, Securitization and Structured Finance, where clients praised his strong technical skills and noted that he is extremely practical in his advice.
•Euromoney Guide to the World's Leading Securitization Lawyers : Capital Markets/Derivatives specialist.”
•Super Lawyers (New York) : listed in the inaugural and each subsequent edition.
•IFLR 1000 : “a leading lawyer.”
Lary is the co-author of Chapter 9 Bankruptcy Strategies: A Big Stick, Rarely Used, published in Inside the Minds by Aspatore Books and Lehman Brothers Bankruptcy Filings: Issues for Replacement Swap Counterparties and their Municipal Clients published in Pratt's Journal of Bankruptcy Law. Lary is a frequent lecturer at industry conferences.
Bankruptcies and Disputes:
• Cadwalader Recognized Among Leading Law Firms in Chambers USA 2016
May 27, 2016
• Cadwalader Continues to Dominate Law-Firm Ranking
Jul 25, 2014
• Cadwalader Named Law Firm of the Year by Risk Magazine
Jan 28, 2016
Clients & Friends Memos
• CFTC / CME Settle Misappropriation Case
Dec 03, 2015
• Chapter 9 Bankruptcy Strategies: A Big Stick, Rarely Used
Oct 31, 2011
• Distressed Municipality Spotlight: Detroit
Jan 10, 2013
SEC Enforcement Advisor
• SEC Launches Municipalities Continuing Disclosure Cooperation Initiative
Mar 27, 2014