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Lack of Liquidity Impacts Pricing
The Securities and Exchange Commission is placing increased scrutiny on the valuation of securities as a result of the credit crisis, a move that requires organizations to pay close attention to their documentation and practices, according to Bingham securities lawyers who spoke at a recent installment of Bingham’s Securities Regulation Breakfast Series. However, valuing fixed-income securities such as mortgages, bonds, syndicated loans and auction-rate securities has become more difficult since liquidity pools dried up in the summer of 2007, said Roger Joseph, co-chair of Bingham’s Securities Area.
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Minita Shah has joined the firm as its first manager of diversity and inclusion, a full-time position dedicated to fostering diversity and implementing the goals of Bingham’s Diversity Action Plan. The new role is part of Bingham’s continuing efforts to recruit, retain and advance lawyers and staff who will contribute to the diversity of the firm and the legal profession.
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Sixty Bingham lawyers have been named to the
Chambers USA: America’s Leading Lawyers for Business 2008 client guide, including 10 who were ranked at the national level.
Chambers also commended 19 Bingham practices.
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Bingham’s authorities on financial restructuring — partners Hideyuki Sakai in Tokyo, James Roome in London, Michael Reilly in New York, and Edwin Smith in New York and Boston — share their perspectives on the evolving global marketplace and cultural realities that confront companies and investors involved in global restructurings today.
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Bingham has a new home in Boston, an expanded office spanning 315,000 square feet over 13 floors. “This is an exciting time for Bingham,” said Chairman Jay Zimmerman, who has led the firm since 1994, advancing it from a 175-lawyer regional firm with four offices to an international force of nearly 1,000 lawyers in 13 offices, including London, Tokyo and Hong Kong. “Our new Boston office not only reflects Bingham’s successful and dynamic growth on the national and international fronts, but also our continued commitment to provide the best working environment for our most important resource—our people.”.