US CLO legal counsel rankings – 2Q 2026
It's tight at the top, as a USD 9bn advantage in the US private credit CLO market sees Dechert edging out Milbank for total US CLO manager counsel honours over the first six months of 2026. Paul Hastings meanwhile maintained its dominant position among arranger counsel ahead of Orrick and Sidley Austin, which displaced Cadwalader from the final podium spot
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