Our services include the following:
Robinson+Cole brings to the role of bond counsel an unmatched breadth and depth of municipal finance experience derived from serving as counsel to underwriters, credit enhancers, trustees, and investors on a wide variety of issues over decades of development in the public finance marketplace.
Robinson+Cole's public finance lawyers provide legal representation for tax-exempt and taxable financings as bond counsel for over 60 cities, towns, and other municipal entities in Connecticut, Massachusetts, New Hampshire, and Rhode Island, ranging from small towns functioning under the New England town meeting form of government to active, large capital budget issues. We also serve as counsel to underwriters and trustees.
In addition to our general obligation bond practice, we have served as bond counsel to cities, towns, and authorities in connection with the issuance of revenue bonds to finance a wide range of capital projects, including cultural facilities, economic development projects, and housing projects.
Robinson+Cole's extensive public finance practice has resulted in experience with innovative financing techniques that are current with their development in the marketplace. We have worked on commercial paper financings, variable rate demand bonds, capital appreciation bonds, zero coupon and original issue discount obligations, tax-increment bonds, refunding bonds, interest rate swap agreements, and lease purchase agreements. The firm has also been actively involved in numerous advance refundings structured to enable issuers to achieve net present value debt service savings.
Statistics alone do not adequately measure the value a law firm brings to any client relationship or transaction. In public finance, there is no substitute for experience. We have worked with fiscally distressed communities under adverse circumstances. We have worked with our clients through periods of high interest rates, which spurred tax-exempt commercial paper programs and variable rate demand debt. We have also worked with our clients through periods of relatively low interest rates on refundings to capture debt service savings. We are well versed in the complex tax issues presented by refundings and other innovative financing techniques and in the use of exempt facility bonds to spur economic development and meet public policy goals.
The comprehensive nature of our public finance practice has given Robinson+Cole attorneys an exceptional understanding of municipal disclosure requirements, such as the rules of the Securities and Exchange Commission (SEC) on secondary market disclosure; the standards under the Securities and Exchange Act of 1934, including Rules 10b-5 and 15c2-12; and other industry standards such as the Government Finance Officers Association disclosure guidelines. Robinson+Cole's experience and technical approach to the delivery of bond counsel services make it possible for us to deliver the highest-quality legal services efficiently and cost-effectively. The quality of our service and the reasonableness of our counsel fees are attested to by the frequency with which issuers, in a highly competitive environment, return to Robinson+Cole for their municipal finance and bond counsel needs. In fact, a recent survey of the firm's clients conducted by Altman Weil, Inc., found that all of the public finance respondents were "completely satisfied" (the highest of several possible choices) with the overall quality of service received from the firm and the Public Finance Group, particularly in the areas of communication and responsiveness, quality of service, and overall knowledge of the subject.