Ballard Spahr has been named national law firm of the year for public finance by U.S. News & World Report.

The 2017 rankings, released by U.S. News & World Report on Tuesday, are based on client evaluations and attorney peer reviews. The top firms are ranked by practice within each metropolitan area, and factors taken into account in the rankings include skills, capacity, responsiveness, integrity, and cost-effectiveness.

William Rhodes, chair of Ballard Spahr's public finance department, called it an "honor" to be recognized as the public finance practice of the year for 2017.

"It is a testament to the skill and dedication of our lawyers and staff, and the positive results we achieve time and again for our clients," Rhodes said. "We appreciate that recognition."

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