New York (May 11, 2006) – Singled out for its innovative work in developing complex financial products, Morrison & Foerster LLP has been named "Law Firm of the Year" by Structured Products magazine.
The firm was recognized for its "leadership across the board" in structuring sophisticated financial products, structured notes and derivative structures. As the editors noted, "Morrison & Foerster picks up this award because, perhaps more than any of its competitors, it displays real expertise in taking clients through the issuance process."
The award was presented on May 4th in Miami. The keynote speaker for the magazine’s award ceremony was eminent economist Arthur Laffer.
"This award is a testament to the success that our Capital Markets and Tax groups have enjoyed over the last several years," said Morrison & Foerster Chair Keith Wetmore. "We’ve brought together a group of experienced attorneys who are keenly sensitive to our clients’ business objectives and have pioneered leading-edge financial solutions. It’s especially satisfying to see the firm honored for its creativity in introducing new financial products by one of the leading publications in the field."
Among the numerous structured products the firm has helped bring to market are structured notes linked to equities, indices and other reference assets; fund-of-funds-linked products; trust and master trust structures; hybrid securities, including Tier 1/D basket products; DRD and other hybrid preferred securities; and a number of new derivative structures. The Capital Markets practice is headed by James R. Tanenbaum in New York.
"By choosing us as law firm of the year, Structured Products is really honoring the innovative thinking of our clients," said Morrison & Foerster’s Thomas A. Humphreys, who heads the firm’s federal tax practice and has long played a lead role in the development of new financial products. "Our clients have shown a willingness to create new securities and the marketplace has rewarded their inventiveness."
Anna T. Pinedo, a partner in the firm’s Capital Markets group who concentrates on structured products and derivatives, commented to Structured Products on receiving the award, "Clients tend to come to us when an idea is just starting to form and we will work with them from inception."
Structured Products, published by Incisive Media Ltd., is a monthly magazine dedicated to the wholesale market for derivatives-based investment products. It covers the fast-growing market for guaranteed equity products, structured notes, index products, alternative investments and funds of funds. It crosses equity, fixed income, commodity-linked and other sectors.