Lawrence Berkovich
Partner
New York

Lawrence Berkovich
Partner
New York
Contact details
Larry is a partner in our structured finance practice, based in New York. He has over 25 years of experience, 20 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.
Lawrence is widely recognized as a leading securitization lawyer, having been recognized in the most recent editions of Chambers USA and Legal 500. A client shared with Chambers USA that “Lawrence is really smart, savvy and knowledgeable about the space" and "he is a smart and innovative lawyer who can handle complex issues." Another client enthuses that "his depth of understanding as well as his relationships really stand out, especially when navigating situations fraught with complexity." A client also shared with Legal 500 that he “runs an exceptional team of talented partners and associates. All of them are highly focused and skilled in their field and offer excellent guidance that demonstrates the breadth and depth of knowledge in the CLO space.
Qualifications
Professional
Admitted: Bar of the State of New York, 1997
Admitted: Bar of the State of North Carolina, 2006
Academic
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
Related articles

Publications: 14 March 2023
Feeling conflicted: SEC Rule 192 and you
On January 25, 2023, the United States Securities and Exchange Commission (the SEC) revived a proposed rule (initially proposed in September 2011) pursuant to Section 27B (Proposed Rule 192) aimed at…
News: 16 November 2022
Publications: 24 November 2020
Collateralized loan obligations group sues fellow lenders over new 'super priority' loans

Qualifications
Professional
Admitted: Bar of the State of New York, 1997
Admitted: Bar of the State of North Carolina, 2006
Academic
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
Recognition
'Lawrence does an unbelievably good job. He understands both the legal points and the business aspects' A client says: 'He is terrific and always gets the job done. His main strength is that he really understands the business needs and always finds a creative solution to reconcile that with the law.'
Chambers USA 2022, Capital Markets: Securitization: CLOs
Larry Berkovich does a great job at solving problems as they arise and is always happy to think creatively to adapt to complex issues which makes life much easier for his clients.
Legal 500, USA, 2022, Structured Finance: Securitization
Awards & accolades
Ranked Lawyer, Capital Markets
Securitization, Chambers USA 2022
Ranked Lawyer, Structured Finance
Securitization, Legal 500 2022