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Kutak Rock Leads Nation in Number of Bond Counsel Transactions for Second Year in a Row

News | January 25, 2024


In 2023 Kutak Rock closed more deals as bond counsel than any other firm and was ranked third in the nation by principal amount in Refinitiv’s Year-end Annual Review. For 2023 the firm closed 386 issues aggregating $19.89 billion and 5.5% market share.

In the role of disclosure counsel, the firm placed fifth nationally in 2023 with 91 issues aggregating $6.035 billion. The firm also placed sixth for underwriter’s counsel with 180 issues, more than any other firm, aggregating $12.436 billion. Additionally, in the role of special tax counsel, the firm placed eighth nationally in 2023.

Notably, the firm placed first among bond counsel firms in airport financings for the fourth consecutive year and was again ranked first for bond counsel in single-family housing transactions. In the area of underwriter’s counsel, Kutak Rock took the top spot in deals involving student loans and housing.

In the role of private bond counsel, the firm surpassed last year’s ranking by four spots placing fourth nationally with 37 issues aggregating $1.024 billion.

More than 130 attorneys comprise the firm’s National Public Finance Group across 15 office locations. The firm distinguishes itself from other municipal finance firms by maintaining an entire department of tax lawyers who focus on the area of municipal finance tax law.

Refinitiv, now named LSEG Data & Analytics, is a leading information source for the financial, legal, tax/accounting, scientific, healthcare and media markets. Refinitiv based its rankings and volume totals on all long-term municipal new issues underwritten and reported from Jan. 1, 2023 to Dec. 31, 2023.