"'We are facing an infrastructure crisis in this country that threatens our status as an economic superpower, and threatens the health and safety of the people we serve,' New York Mayor Michael R. Bloomberg told Congress this year.” --New York Times, 8/26/08
“’Ten to 20 years from now infrastructure could be larger than real estate,’ said Mark Weisdorf, head of infrastructure investments at JPMorgan.” --New York Times, 8/26/08
As these comments attest, the demand for new infrastructure in the U.S. is overwhelming and continues to grow. Whether for roads, bridges, water and sewer systems, energy transmission or a host of other needs, new infrastructure is sorely needed. The cost is widely forecasted to exceed $1 trillion and the volume of projects will reach unprecedented levels both in terms of numbers and complexity.
To serve this emerging need, Dorsey has assembled a team of experienced attorneys and created the Infrastructure practice group. It brings together lawyers with backgrounds in everything from public finance to energy, construction and real estate to corporate and urban redevelopment law. The Infrastructure group at Dorsey can help any organization involved in the development, financing, construction, and management of infrastructure and related projects.
Included in this new practice group are attorneys with in-depth knowledge of the public-private partnership (P3) model of development, a model which has proven highly successful in Canada and elsewhere. P3 has emerged as a way for public entities to manage both the funding requirements as well as the risk large infrastructure projects can carry.
Dorsey’s P3 team includes attorneys from a broad array of practice specialties. They are experienced with large and complex infrastructure projects. They bring experience working with government entities at all levels, experience that will be critical in building partnerships that work effectively for all the participants.
We can provide advice, assistance with due diligence, and solutions to investors, developers, and other organizations looking to participate in the infrastructure sector. The Dorsey team employs a full range of experts to successfully create infrastructure opportunities for our clients which include developers, government agencies, lenders, environmental/engineering firms, consultants, construction companies and government contractors.
Dorsey’s Capabilities Take You From Project Conception to Completion
With deep experience in public finance, permitting, land use, contracting, construction and other relevant matters, Dorsey has the people and knowledge required to help make an infrastructure project a success from the day it’s conceived. We understand how to work with the myriad governmental agencies and processes that will be involved in any project and our experience means you can focus on what your organization does best.
For example, Dorsey’s team represents developers, investors, underwriters, lenders, contractors, and government in the development, financing, construction and operation of a wide range of capital intensive projects and facilities in the U.S. and overseas, including every major geographic region. We have helped clients close on projects financed through a variety of structures, including traditional public financing, merchant financing, traditional leveraged and cross-border leases, enhanced use leases, joint venture and partnership arrangements, offtaker-based project financings, and corporate bond offerings.
The Dorsey Difference
Our firm is committed to providing our clients with the highest quality legal advice and service. We understand the need to manage costs and will work with you every step of the way to deliver the services you need within a budget that works for you. Your Dorsey team will be led by an experienced attorney with both subject matter knowledge and the ability to effectively manage a cross-functional team of people. We manage the people and process so you don’t have to. Your Dorsey team leader acts as the link between your organization and the other departments and attorneys that may be involved with a particular transaction. They also ensure that transactions move forward at the pace you desire while monitoring fees and other costs so the project is completed on-time and within budget. Throughout the process, the Dorsey team leader will be looking across all projects and planning ahead to take advantage of available synergies.
Dorsey is a multi-discipline, multi-office law firm that offers unique advantages to the participants in an infrastructure transaction:
- With 19 offices and over 550 attorneys, we have the size, depth, and geographical coverage to assist with transactions throughout the country.
- We have a strong background and practice in municipal finance and project finance, which are the core of many infrastructure transactions. From New York to Hawaii, from Alaska to New Mexico, Dorsey’s infrastructure experience extends across the United States, and internationally.
- In the past 5 years alone, Dorsey attorneys have participated in the issuance of more than $24 billion of tax-exempt obligations in 24 states.
- Our public finance lawyers have a wealth of experience in dealing with the tax issues of infrastructure transactions.
- Dorsey’s Infrastructure group brings together lawyers with the essential knowledge to guide a successful public-private partnership.