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Lawrence Berkovich


New York

Berkovich Lawrence
Lawrence Berkovich


New York

Larry is a partner in our structured finance practice, based in New York. He has over 24 years of experience, 18 years of which have been dedicated to collateralized loan obligations (CLOs) and other structured products. His practice places emphasis on broadly syndicated and middle-market CLOs, rated and unrated leveraged loan warehouse and structured term financing facilities, as well as CLO refinancings, resets, reissuances, upsizings and restructurings.

Larry represents underwriters, issuers, collateral managers, administrative agents, banks acting as co-lenders and debt and equity investors. Larry's experience includes serving as principal outside counsel to two major investment banks in the development of their CLO and leveraged loan warehousing platforms and to various investment banks in the development of their risk retention financing facilities. Larry also has extensive experience with derivative products (such as credit default swaps, total return swaps, interest rate swaps and currency swaps), federal securities laws, Dodd-Frank, the Volcker Rule and other regulatory compliance issues (including US and EU credit risk retention rules) related to CLOs.

Larry founded Allen & Overy’s post-financial crisis US CLO practice group in 2017, and spearheaded its rise as one of the most active in the US CLO market. He is a frequent speaker at industry conferences and is often quoted in the financial press on topics related to CLOs.

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News: 16 November 2022

Allen & Overy’s U.S. CLO practice receives Law Firm of the Year at SCI Annual U.S. Middle Market CLO awards

Allen & Overy has been recognized for its accomplishments as a leading advisor in the U.S. Middle Market CLO market, according to Structured Credit Investor (SCI).

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News: 20 May 2021

Allen & Overy supports Black Girls Code through CIFC CLO transaction

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Publications: 24 November 2020

Collateralized loan obligations group sues fellow lenders over new 'super priority' loans

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Publications: 18 May 2020

Covid-19 coronavirus: updates to the Fed’s 2020 TALF Program and their implication for the CLO market

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Capital Markets

Funds and Asset Management




New York

1221 Avenue of the Americas
New York
NY 10020

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Admitted: Bar of the State of New York, 1997

Admitted: Bar of the State of North Carolina, 2006


B.A., with honors, The University of Chicago, Chicago, Illinois, 1993

M.A., with honors, The University of Chicago, Chicago, Illinois, 1993

J.D., New York University School of Law, New York, 1996


Awards & accolades

Ranked Lawyer, Capital Markets

Securitization, Chambers USA 2022

Ranked Lawyer, Structured Finance

Securitization, Legal 500 2022