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Two Sutherland Asbill & Brennan Partners Chosen by Corporate Counsel and Peers as America's Leading Derivatives Lawyers

January 9, 2006

WASHINGTON (January 9, 2006) – Sutherland Asbill & Brennan LLP is pleased to announce that partners James M. Cain and Warren N. Davis were two of only eight attorneys in Washington, DC listed on The Best Lawyers in America, Derivatives Law list.

A total of 57 lawyers appear on the list.  No other firm in Washington, DC had more than one attorney listed, and only four other law firms had two, placing Sutherland's derivatives partners and practice alongside quintessential New York powerhouses Cadwalader; Cleary, Gottlieb; Sullivan & Cromwell; and Davis Polk.

Best Lawyers listings are compiled through a meticulous peer-review survey in which the top lawyers in the United States confidentially evaluate their professional peers.  The Derivatives section is one of 41 new categories added to the Best Lawyers lists for 2006.  Derivatives lawyers from three cities — DC, New York, and Chicago — were included.

"The addition of a Derivatives Law section to the Best Lawyers in America list may reflect the fact that the national principal of privately negotiated derivative contracts now exceeds $200 trillion of underlying assets," said Warren Davis, a corporate partner in Sutherland's DC office.  "This is truly a distinct specialty in the legal profession and I am honored to be named along with my partner, Jamie, to the list."

Mr. Davis' practice is diverse and includes representation of hedge funds and energy trading firms as well as a variety of other end-users.  End-user clients include mutual funds, insurance companies, pension funds, industrial corporations, global shipping and logistics companies and high net worth individuals.  Mr. Davis is a frequent writer and lecturer on derivatives-related subjects, such as the ISDA Master Agreement and litigation in the over-the-counter (OTC) derivatives market.

Mr. Cain is recognized nationally for his experience with OTC derivatives, including interest rate, foreign exchange, equity and commodity transactions and related collateral arrangements.  For more than 20 years he has represented a wide range of financial institutions and commercial companies in documenting various transactions, as well as with their internal and regulatory compliance.

Both Mr. Cain and Mr. Davis are active in the International Swaps and Derivatives Association, Inc. (ISDA).  Mr. Cain has spoken numerous times at ISDA conferences, and Mr. Davis is a member of the Board of Editors of the Futures & Derivatives Law Report.

Sutherland Managing Partner Mark D. Wasserman noted, "We've always known that our Derivatives practice could go head-to-head with the top New York firms.  It comes as no surprise, that Jamie and Warren were listed as Best Derivatives Lawyers." 

The legal practice of the Derivatives Group encompasses the following key areas: documentation and negotiation, tax, financial disclosure, appropriate oversight controls and policies, commodities, and regulatory issues and investigations.  Each of these areas, plus recent articles, presentations and additional information, are available on Sutherland's web site under the "Practice Area" then "Corporate" tabs.

Sutherland Asbill & Brennan LLP is a national law firm known for solving challenging business problems and resolving unique legal issues for many of the nation's largest companies.  Founded in 1924, the firm has grown to more than 425 lawyers with offices in Atlanta, Austin, Houston, New York, Tallahassee and Washington.  For further information about the firm, please visit

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Eversheds Sutherland is an international law firm helping the Fortune 100, industry leaders, sector innovators and business entrepreneurs solve their biggest challenges and reach their business goals. Dedicated to unfaltering excellence in client service, we are known for our business savvy and industry intelligence, providing creative and custom solutions for each of our clients. Industry and business experience makes the difference for our clients.

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Washington, DC
Adam C. Pollet, Associate
Washington, DC
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