Types of Legal Counsel
Debt Management
Types of Legal Counsel
Issuers often engage with a variety of legal advisors as part of the financing team when undertaking the issuance of municipal bonds. Issuers should be aware of the different roles played by the types of counsel involved in a bond transaction. In addition, issuers should clearly communicate with the various legal advisors to determine the scope of services to be provided by each to avoid duplication or omission of key services and reduce costs. Issuers should discuss any potential conflicts of interest with the team, especially if one firm is playing multiple roles in a bond transaction.
Board approval date: Friday, September 28, 2018