Raleigh, NC -- (SBWire) -- 03/16/2011 -- There is an old saying that “If something happens three times, it’s a trend.” If so, then Womble Carlyle being named the Top Bond Counsel in North Carolina is now a trend.
For the third consecutive year—and for the fourth time in five years—The Bond Buyer has ranked Womble Carlyle the number one bond counsel in North Carolina, based on approved public bond transactions.
In addition, Womble Carlyle provided its legal services on bond issues by the top five bond issuers in the state (as also ranked by The Bond Buyer). The firm was:
Bond counsel on all bonds issued by Wake County and RDU;
Bond counsel on a major transaction by the State (more than $500,000,000);
Underwriter’s counsel on the bond issue by the State Education Assistance Authority; and
Bond counsel or hospital counsel on several transactions by the Medical Care Commission.
Other major bond transactions for which the firm provided services in one capacity or another in 2011 included transactions for the Cities of Raleigh, Greensboro and Gastonia, the Towns of Cary and Apex, Forsyth County, Guilford County, Moore County and Pitt County, the Board of Governors of the University of North Carolina and North Carolina Municipal Power Agency No. 1.
“We are pleased to once again be the top-ranked bond counsel in North Carolina, and we are even more pleased that so many state and local agencies turn to us for help in these important transactions,” said Tom Lee, leader of Womble Carlyle’s Public Finance Team.
Bond counsel are engaged by the issuers of municipal bonds to properly structure bond issues to comply with various state, tax and securities laws and to render an approving legal opinion with respect to the bonds, which is relied upon by the purchasers of such bonds. Womble Carlyle serves as bond counsel on numerous types of municipal bond financings throughout the State of North Carolina, representing various state agencies, cities, counties and special purpose authorities in financing various capital projects such as public utilities, public buildings and infrastructure, health care facilities, public and private schools and housing projects.
The Bond Buyer is a national trade publication for the municipal bond world.
About Womble Carlyle
Womble Carlyle is a full-service business law firm with a focus on innovative solutions to client needs. The firm supports the Association of Corporate Counsel in the ACC Value Challenge, which seeks to better align legal services with the needs of corporate clients.
The firm is located in the Southeast and mid-Atlantic regions, and serves clients nationally and globally, with more than 500 attorneys in eleven offices: Atlanta, GA; Greenville, SC; Charlotte, Greensboro, Raleigh, Research Triangle Park, and Winston-Salem, NC; Washington, DC; Tysons Corner, VA; Baltimore, MD; and Wilmington, DE.
In the community, the firm is the first law firm to receive the Thurgood Marshall College Fund Corporate Leadership Award as well as the Employer Support of the Guard and Reserve Freedom Award.
Visit us at http://www.wcsr.com
Womble Carlyle Named Top Bond Counsel in North Carolina for 3rd Consecutive Year