With consolidation and staff migrations, there was a fair amount of shake-up in the Thomson Financial structured finance legal league tables, when compared to the same period last year (see pages 21-23).
Orrick Herrington & Sutcliffe maintained its No. 1 ranking on the issuer side in both MBS ($18.9 billion) and ABS ($19.3 billion). In asset-backeds, Thatcher Proffitt & Wood has made a strong a push for the top seat, just $300 million shy of Orrick. Thatcher's $19 billion in the first half eclipses the firm's $7.2 billion in ABS issuer business during the first half of last year, when the firm was No. 5.