Law Firms Find Privatization Pays
June 12, 2008, The National Law Journal/Daily Report

The recently adopted use of public-private partnerships (PPPs) in the US created a rapidly growing and very lucrative market for law firms.  In these transactions, private companies lease the rights to build, operate and maintain public projects such as highways and airports from the government.  White & Case is among the law firms that have built up practices that advise governments and companies bidding for projects and lenders on these transactions.

"This is a market that is expanding and will continue to expand," said Ned Neaher, a partner in the Energy, Infrastructure and Project Finance Practice at White & Case in Washington, DC. "It's here to stay, even though politically it takes some education to bring people around to the concept that private-equity investment in public infrastructure is a good thing."