Public Finance Law
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Partners Stephen B. Pearlman and Deborah S. Verderame have over 55 years of combined experience in New Jersey public financing deals, a duration at least on par with any other pair of active public finance attorneys in the State. Since 1987, when Mr. Pearlman commenced his representation of the Essex County Improvement Authority in the first such transaction, and joined by Ms. Verderame a few years later, the pair has represented local, regional and state government issuers and related industry participants in hundreds of successful transactions with an aggregate par amount exceeding $21 billion.
During this time, they have represented government and related industry clients in every transactional capacity. They have developed a particular expertise in pooled financings. They have represented county improvement authorities in more municipal securities financings than any other counsel in the State. Each is thoroughly versed in applicable State and Federal statutes and regulations, and have navigated diverse issues in both domains, ranging from the issuance of tax-exempt or taxable obligations, contemporary bond financing techniques, and the varied tax and disclosure requirements. Partner Stephen J. Adnopoz is a prominent public finance attorney. He brings over three decades of diverse public finance experience having represented states, municipalities, public authorities, underwriters, and purchasers of municipal securities, borrowers, and providers of credit enhancement and trustees, as well as serving as bond, transaction, and disclosure counsel in hundreds of financings across the country aggregating in excess of $25 billion. He is resident and in charge of the Firm's New York office and public finance practice, with Mr. Pearlman in charge of the overall public finance practice of the Firm. Mr. Adnopoz is experienced with controlling risk by advising on transaction structures and related legal, regulatory, and reputational considerations. Of Counsel Howard J. Eichenbaum has served as tax counsel for over 30 years on various state and local municipal bond financings that have included general obligation bonds, revenue bonds, qualified 501(c)(3) bonds, exempt facility bonds, qualified manufacturing bonds, Tax Anticipation Notes and other working capital financings to issuers, underwriters and borrowers. Mr. Eichenbaum has also formed and advised 501(c)(3) organizations for over 25 years (including the formation of parent-teacher organizations for each school in a school district) and provided advice to developers regarding low income housing tax credits. Although we have not done an official survey, one presumes this level of practical and extensive public finance expertise is among the most significant to be found in any qualified MBE/WBE law firm. Firm attorneys take special pride in not only serving client needs, but also in creating new tools to assist our clients, particularly to lower their cost of capital. Their experience has earned them the distinguished reputation as the go-to attorneys in several areas of public finance, particularly those 1st-mover structures listed on the Innovation page. This reputation is grounded in their fundamental approach as problem solvers. In representing public finance clients, larger firms have often imposed artificial restraints when none exist in the law because their attorneys lack the requisite experience to navigate financing structures that, owing to innovative business solutions, move beyond the boilerplate of conventional structures. In contrast, the experience of our attorneys has allowed us to not only embrace the large, complicated and complex project, but also to excel at bringing it to a successful conclusion. |
