Though technically independent entities, the alliance of Ernst & Young and McKee Nelson is developing into a legal & accounting structured finance powerhouse.

Last week, Ernst sealed the deal with about 30 former structured finance Arthur Andersen accountants, just weeks after McKee launched its New York-based practice as part of a major staffing ramp-up, poaching high-ranking securitization attorneys from Strook Strook & Lavan and Sidley Austin Brown & Wood.

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