Finance

Deborah Festa, partner with Akin Gump Strauss Hauer & Feld, discusses the qualities that contribute to a great culture at a firm, including the crucial role of leadership.

With the benchmark London Interbank Offering Rate scheduled for replacement at the end of 2021, banks and other market participants in the U.S. and UK are preparing for the transition. McGuireWoods partners Donald Ensing, Jennifer Kafcas, Susan Rodriguez, James Gelman, and Barlow Mann are part of the firm’s LIBOR Transition team helping financial institutions with their transition efforts. They assess where the transition stands and key issues facing market participants in the months ahead.

During the unprecedented events of 2020, some may have forgotten about the upcoming phaseout of LIBOR at the end of 2021 – but now is a good time for borrowers to refamiliarize themselves with the potential ramifications of the change.