Schwarcz on Public Responsibility of Structured Finance Lawyers

Posted by Jeff Lipshaw

Steven Schwarcz (Virginia) has posted The Public Responsibility of Structured Finance Lawyers (1 Capital Markets L. J.) on SSRN.  Here is the abstract:

Lawyers, increasingly, are scrutinized as to their public responsibility when companies fail, particularly where the lawyer's involvement with the failed company is nontraditional and, arguably, intertwined with the failure. One of the least traditional roles of lawyers today is as counsel in structured finance transactions. This article focuses on the public responsibility of lawyers involved in these transactions.