London (Firms)

Capital Markets: Debt & Equity

Due to the number of tables in this section, the editorial is in alphabetical order by firm name.

Capital Markets: Debt & Equity - London (Firms)


Basic facts about the department
- 4 partners
- 4 other qualified lawyers

What the team is known for Known for representing institutional investors in cross-border private placements of debt securities. Compact and skilled team comprises a mixture of English and US-qualified partners.

Strengths (Quotes mainly from clients)

"They work incredibly hard to achieve the best result for clients. They're totally client-focused. Partners are accessible and lead on each transaction."

"Their greatest strength is their market experience. With a wealth of both new deal and restructuring experience, the team is able to highlight issues that arise with documentation. This provides me with comfort that we understand the ramifications of complex clauses in new financings."

What's new? In October 2014, Akin Gump took over the majority of Bingham's London office.

Work highlights Acted as special counsel to a group of institutional investors regarding their purchase of approximately USD350 million of senior unsecured notes issued by Balfour Beatty.

Acted as special counsel to a group of institutional investors on their acquisition of around USD750 million of senior unsecured notes issued by Rexam.

Notable practitioners  

Barry Russell, head of the firm’s London finance group, is skilled in workouts, private placements and financial restructurings. Clients describe him as a "vastly experienced and expert negotiator" who is "an expert in debt private placements."  

Significant clients Prudential Financial, MetLife, New York Life, AIG Asset Management, M&G Investment Management.

Basic facts about the department
- 28 partners
- 71 other qualified lawyers

What the team is known for Impressively deep bench of skilled lawyers offering broad international expertise, particularly in relation to the USA and in Europe, the Middle East and Africa (EMEA). Market-leading DCM practice, reputed for its skill in emerging markets bond issues, UK retail bonds, sovereign bonds and high-yield transactions. Strong ECM practice frequently handling high-profile transactions including IPOs, accelerated bookbuilds, placings and open offers.

Strengths (Quotes mainly from clients)
"They're our first port of call. It's a very strong team and we feel they are the best in the market."

"A&O are right up there. The beauty of it is that these guys can offer the full package."

What's new? Tom Grant has been promoted to partner.

Work highlights Advised The Co-operative Group and The Co-operative Bank on the £1.5 billion recapitalisation of The Co-operative Bank, via a combined exchange offer, scheme of arrangement and open offer.

Represented Koninklijke KPN in its EUR4 billion capital raising on Euronext Amsterdam.

Acted for OMERS Private Equity and AIMco on a EUR650 million senior secured notes issue to finance their acquisition of VUE Entertainment.

Notable practitioners  

Jonathan Melton is a highly skilled debt capital markets lawyer with many years of experience. Sources regard him as "excellent" and "impressive and pleasant to work with."

The "fantastic" Stephen Miller recently advised Bank of Ireland on a EUR580 million equity placing. A client states: "He's a veteran in the market and really knows his stuff." 

Kevin Muzilla is a talented high-yield lawyer who, according to sources, "is very much in command of the detail, but brings an all-encompassing view on the deal. He takes a commercial approach."

Matthew Hartley advised The Co-operative Group and The Co-operative Bank on the £1.5 billion recapitalisation of The Co-operative Bank. He is described as "excellent - pragmatic, calm, and good at seeing the whole picture."

Philip Smith advised the Russian Federation on a Eurobond issue. He is described by sources as "pragmatic and helpful." 

Adam Wells is regarded as a "good technical lawyer" by a client. He recently advised Koninklijke KPN on its EUR4 billion capital raising on Euronext Amsterdam.

Tom Grant is forging a reputation in the market for his capital markets practice, and recently advised Galp Energia on the establishment of its EUR5 billion MTN programme. An impressed source states: "He's doing incredibly well as a junior partner."

Jeanette Cruz advised Goldman Sachs on a USD225 million senior secured notes offering for Millennium Offshore Services. Sources regard her as "an exceptionally committed and very skilled lawyer."

Theo Trayhurn focuses on DCM matters including debt securities programmes, retail bonds and government guarantees.

Significant clients Barclays, Goldman Sachs, J.P. Morgan, RBS, Credit Suisse.

Basic facts about the department
- 10 partners

What the team is known for Strong ECM team handling a steady stream of work for banks and issuers. Possesses deep experience in IPOs and secondary offerings. Well-established DCM practice covers a broad range of matters, including covered bonds, retail bonds and restructurings. 

Strengths (Quotes mainly from clients)

"Ashurst is professional, concise and customer-driven. They have reasonable fees and reduce complicated issues so they can be easily understood and resolved."

"They are up to date and go the extra mile. They are responsive and the partners have a lot of input across the day-to-day actions on files."

What's new? Francis Kucera joins the firm from Linklaters, bringing with him his DCM experience in emerging markets matters.

Work highlights Advised ANZ on the English law aspects of the update of its USD30 billion programme, for the issuance of covered bonds listed on the LSE.

Represented Merlin Entertainments, the owner of Madam Tussauds Group, on its £3.3 billion IPO on the LSE.

Notable practitioners  

Nicholas Holmes, head of the ECM practice, recently advised Merlin Entertainments on its £3.3 billion IPO. Sources admire his strong reputation in the market.

Head of the DCM practice Anna Delgado recently advised ANZ on its global covered bond programme. Clients praise her "great responsiveness" and "excellent follow-up," and consider her to be "very experienced in this field."

Francis Kucera recently joined the team from Linklaters, and has a strong background in DCM matters involving Eastern Europe and the Commonwealth of Independent States (CIS). A market source states: "He will be a definite boost to Ashurst's emerging markets practice."

US securities lawyer Jennifer Schneck has a broad practice, which includes expertise in private placement transactions, corporate advice and cross-border M&A. She recently advised the underwriters on the IPO of Foxtons. 

Significant clients Bank of America, Goldman Sachs, RBC Capital Markets, William Hill, J.P. Morgan Cazenove.  

Basic facts about the department
- 9 partners
- 41 other qualified lawyers

What the team is known for Displays expertise in DCM and ECM matters involving emerging markets, particularly in relation to the CIS, Turkey, Africa and the Middle East. Houses a significant number of US and UK-qualified lawyers, and offers substantial international coverage due to the firm's expansive network of offices.

Strengths (Quotes mainly from clients) 

"The team are really experienced, and not only know the law, but the practice. They're very user-friendly and are good to work with."

"They did a very good job, and were also reasonable in terms of fees."

Work highlights Advised the Kingdom of Bahrain on a USD1.5 billion debt offering. 

Notable practitioners  

Edward Bibko is a UK and US-qualified lawyer who acts as head of the firm's EMEA capital markets group. A client notes: "He's available and responsive - he puts himself in the shoes of the client and tries to find a solution."

Christopher Hogan has experience of DCM matters involving the Middle East and the CIS, and is also a specialist in Islamic finance. He recently advised the Kingdom of Bahrain on a USD1.5 billion offering of 6.125% notes, which were listed on the LSE. 

Adam Farlow possesses expertise in registered offerings and private placements of international debt. A client commends him as a "very strong US securities lawyer, who works very hard and is always there for his clients." 

Significant clients Commerzbank, BNP Paribas, City of Kyiv, ING, Ferrexpo.

What the team is known for Well-regarded team with experience in high-yield financings and cross-border lending. Represents investment banks, commercial banks and corporates in complex matters spanning multiple jurisdictions.

Strengths (Quotes mainly from clients)

"The team is great - really smart and good to work with."

Notable practitioners  

James Robinson attracts plaudits for his practice, which includes high-yield expertise and advice to non-US companies on US securities law. Sources regard him as an "exceptional lawyer."

High-yield expert Anthony Tama frequently advises on debt securities, refinancings, debt restructurings and acquisition financings. Market sources describe him as "a really good lawyer and a smart guy."

Basic facts about the department
- 7 partners
- 30 other qualified lawyers

What the team is known for Deep bench of talented capital markets lawyers, several of whom are skilled in both DCM and ECM work. Known for its expertise in the emerging markets, with Russia a particular area of focus. Formidable global capability thanks to the firm's vast international reach.

Strengths (Quotes mainly from clients)

"We received very good service. These guys were truly 24/7. It's a top firm for us due to its client service, expertise and team of associates." 

"I'd speak highly of Cleary. They've clearly got the breadth to cover the international marketplace."

Work highlights Represented the Republic of Armenia in its first international bond issuance, a Rule 144A/Regulation S offering of USD700 million, due 2020.

Advised BW Maritime on the NOK3 billion IPO, and listing on the Oslo stock exchange, of the company's LPG shipping business.

Advised Alliance Oil on a USD500 million offering of 7% guaranteed notes, due 2020.

Notable practitioners  

Sebastian Sperber is an expert in US securities law, and is talented in a wide range of capital markets matters, especially those involving the emerging markets. Recently, he advised BW Maritime on its NOK3 billion IPO. Sources state that they have "very high regard for him," and that "he does everything. He's very good." 

DCM and ECM expert Raj Panasar has a strong reputation for advising emerging markets companies, recently advising Alrosa on its USD1.3 billion privatisation and IPO. A client states: "Raj combines absolute strength in all relevant areas - competence, client service, communication and a practical approach. He is a rational team leader who is able to handle multiple deals at once."  

David Gottlieb specialises in DCM matters and is notable for his expertise in Russian capital markets and M&A work. He advised the Republic of Armenia in its inaugural international bond issuance.

Pierre-Marie Boury is known for his high-yield and ECM expertise. Sources state: "Pierre has a very fine brain. He's good at articulating complex situations in simple terms, giving us the gist and the potential ramifications of specific situations."

Simon Ovenden has a broad capital markets practice, and in particular possesses deep knowledge of work relating to Russia. Sources regard his strengths to be his "very good knowledge of African debt issuance, problem solving, transaction management and realistic goal setting."

Significant clients GlaxoSmithKline, Santander, Promsvyazbank, Credit Suisse, Goldman Sachs.

Basic facts about the department
- 19 partners
- 91 other qualified lawyers

What the team is known for Maintains its reputation for handling some of the market's most sophisticated capital markets transactions. Wide international reach due to the firm's broad network of offices. Offers high-level expertise in DCM work such as EMTN programmes, liability management and high-yield issues, with a notable focus on Africa and Russia. Skilled on the ECM side in complex IPOs and regulatory and legislative matters, particularly pertaining to financial institutions, healthcare and oil and gas.

Strengths (Quotes mainly from clients)

"They're absolute superstars. It's the breadth of experience they bring to bear. They're the number-one firm we work with."

"They've responsive, flexible, and have good commercial business sense. Another plus I've found in working with their London team is that they have offices around the world - they're always able to pull in colleagues from specific markets for different issues." 

Work highlights Advised Barclays, the issuer, on all English law aspects of its issue of USD2 billion 8.25% fixed-rate contingent convertible securities.

Advised Deutsche Bank, Nomura International, Espirito Santo Investment Bank and others on the IPO and London premium listing of Just Retirement Group.

Represented Emma Delta, the private equity sponsor, on the acquisition of a 33% stake in the Hellenic Football Prognostics Organisation, and the issuance of EUR400 million of senior secured notes to finance the purchase. 

Notable practitioners  

Michael Dakin recently advised Cinven on the acquisition of CeramTec, which involved a high-yield M&A financing. A source describes him as "very good, quick and efficient."

ECM specialist Adrian Cartwright advised Bank of America Merrill Lynch, Morgan Stanley and others on Cinven's £1.5 billion flotation of Partnership Assurance Group. Sources state: "He's definitely made a name for himself and has done well."

The "excellent" David Dunnigan has a wealth of experience in DCM matters, particularly those involving Africa, CEE and Russia. He recently advised BNP Paribas and Citi on the first Eurobond issue out of the Republic of Rwanda.

The well-regarded Simon Sinclair recently advised Barclays on all English law aspects of a high-profile USD2 billion contingent convertible bond issuance. A client states: "He is a market-leading expert, and I consider him a trusted adviser."

Simon Thomas is complimented as being "incredibly responsive and incredibly available. He has a huge grasp of market practice." He recently advised Barclays on all English law aspects of its £5.8 billion rights issue.

John Connolly is an expert on US securities law, and advises on the US aspects of many of the team's biggest debt, equity and high-yield transactions, including IPOs, private placements and Eurobonds.

David Bickerton, managing partner of the firm's London office, has a broad practice which encompasses DCM, PFI and projects work. He recently advised the European Investment Bank in relation to the first bond under the Project Bond 2020 initiative.

Stewart Dunlop is highly regarded for his DCM experience, and in particular for his expertise in liability management.

Christopher Walton is skilled in a wide range of US domestic and international capital markets matters, and is notable for his experience in EMEA jurisdictions.

Senior associate Eric Green is regarded as a "superstar" by one interviewee. He advises on a range of DCM matters including Eurobonds and EMTN programmes.

Significant clients Deutsche Bank, RBS, HSBC, Citi, Bank of America Merrill Lynch.  

Basic facts about the department
- 5 partners
- 30 other qualified lawyers

What the team is known for Notable for its deep expertise in high-yield offerings, thanks to the firm's US and international securities pedigree. Represents issuers and underwriters in a wide range of capital markets matters, including IPOs, private placements and sovereign debt offerings.

Strengths (Quotes mainly from clients)

"The associates are of a high quality, with the result that most of the day-to-day work can be devolved to them, thereby reducing expensive partner time. It is a firm of considerable depth, that values and respects its clients."

"Overall, they're super. Absolutely client-oriented and highly recommended. The whole team did a great job. They were very clear in their recommendations and the answers were very quick."

Work highlights Advised NH Hotels on its EUR250 million Rule 144A/Regulation S high-yield senior secured debt offering, with the notes being listed on the Luxembourg stock exchange.

Represented the initial purchasers, led by Credit Suisse, in the EUR350 million Rule 144A/Regulation S high-yield senior secured debt offering of Global Closure Systems Holdco Finance.

Notable practitioners  

Philip Boeckman, managing partner of the firm's London office, earns widespread acclaim for his expansive practice, which covers high-yield financings, rights issuances, IPOs and bond financings. A client states: "He's a very experienced guy who knows everything about high-yield markets, and about US and English practice."

The "excellent" George Stephanakis advises on high‑yield financings, IPOs and secondary equity offerings. He recently advised the initial purchasers, led by J.P. Morgan, on the EUR450 million Rule 144A/Regulation S high-yield senior secured debt offering of Cable Communications Systems.

Significant clients Bacardi, Deutsche Bank, INEOS, Morgan Stanley, Sappi.

Basic facts about the department
- 7 partners
- 31 other qualified lawyers

What the team is known for Houses a deep bench of UK and US-qualified lawyers, highly skilled in all aspects of DCM and ECM work. Regularly advises on many of the market's most complex and high-profile transactions. Utilises the firm's international network of offices to offer effective coverage across multiple jurisdictions.

Strengths (Quotes mainly from clients)

"The team is excellent. We're very happy with the service and that's why we've continued to work with them."

"I'm always extremely pleased when they're on the other side as I know they're going to go a good job. We've worked with a number of people there and you tend to get a consistent product."

Work highlights Advised RBS on its SEC-registered shelf takedown of USD2 billion aggregate principal amount of 6% subordinated Tier 2 notes, due 2023.

Advised Royal Mail on its £1.7 billion IPO by means of a secondary offering of 5.2 million ordinary shares.

Notable practitioners  

Simon Witty is renowned in the market for his skill in IPOs, rights issues, placings and open offers, and recently advised Matas on its DKK2.8 billion IPO. Sources state: "He's an excellent lawyer."

Paul Kumleben has extensive expertise across a broad range of DCM and ECM matters, including IPOs, rights offerings and bank financings. Recently, he represented Barclays and Credit Suisse in the secondary offering of NXP Semiconductors. A market commentator states: "He is known to be at the top of his field."

Jeffrey Oakes, head of the firm’s European financial institutions group, is admired for his experience in DCM and ECM matters, and notably has represented Royal Mail in its £1.7 billion IPO. He also advises on compliance with US securities regulation.

Will Pearce has made a name for himself in the market for his skill in ECM matters. He frequently handles equity capital raisings for some of the firm's most notable banking clients.

Significant clients Deutsche Bank, Goldman Sachs, Lloyds Bank, Matas, ISS.

Basic facts about the department
- 12 partners
- 18 other qualified lawyers

What the team is known for Strong DCM practice concentrating on the emerging markets, with particular knowledge of Morocco, Tunisia and Lebanon. Represents global investment banks, investment funds, sovereigns and quasi-sovereigns.

Strengths (Quotes mainly from clients)

"We continue to be very happy with the services rendered by Dechert, and we look forward to a long and mutually rewarding relationship."

"I'm very happy working with them -  the members of his team have complementary skills. We've found them to be very good."

Work highlights Represented KazAgro in its establishment of a USD2 billion debt issuance programme, and the issuance of USD1 billion under the same programme.

Advised Bank Audi on the issuance of USD350 million 6.75% subordinated notes, due 2023.

Notable practitioners  

DCM specialist Camille Abousleiman has deep expertise of sovereign Eurobonds, MTN programmes and debt restructurings, and is particularly notable for his experience of jurisdictions across the Middle East, North Africa and Central Asia. Clients appreciate "the global nature of his advice, his broad expertise in international regulatory, and his extensive and in-depth knowledge."

Significant clients BNP Paribas, Georgian Railway, Bank of America Merrill Lynch, Kazakhstan Engineering, Cambria Africa.

Basic facts about the department
- 5 partners
- 5 other qualified lawyers

What the team is known for Advises on a wide range of DCM matters, with particular expertise in bond restructuring. Recognised for its skill in work pertaining to Africa, the Middle East and Kazakhstan, and notable for advising underwriters and issuers on sukuk transactions.

Strengths (Quotes mainly from clients)

"They are our go-to firm for debt capital markets work in the UAE. They have very strong relationships with the banks, and are very commercially savvy, pragmatic lawyers." 

Work highlights Represented the Republic of Ghana in a USD1 billion bond issue and exchange offer.

Advised Eastcomtrans on its debut offering of USD100 million 7.75% senior secured notes due 2018.

Notable practitioners  

David Cohen has a broad DCM practice, which recently saw him providing advice to Royal Bank of Canada on Network Rail's multicurrency notes programme. A client states: "He's an experienced guy with good client skills, who is very easy to get along with."

DCM specialist Matthew Sapte recently advised Emirates on an Irish-listed Regulation S/Rule 144A issue of USD404 million floating-rate guaranteed notes. Clients describe him as a "walking black box of legal ability" who "gives you a lot of attention, and knows his stuff inside out."

Laura Cansdale is an associate who, according to clients, "deserves mention for her dedication." She has recently counselled the government of Ras Al Khaimah on its listing of RAK Capital's USD2 billion trust certificate issuance programme on NASDAQ Dubai.

Significant clients The Law Debenture Trust Corporation, Emirates, HSBC, Standard Chartered Bank, Citi.

Basic facts about the department
- 20 partners
- 60 other qualified lawyers

What the team is known for Praised for the depth of its resources, and the quality of its expertise. Exceptional ECM team advising sponsors, companies and investment banks on a broad range of work, including handling several of this year's highest-profile IPOs. Highly proficient DCM team with notable experience in MTN programmes, Yankee bonds and high-yield work. Frequently conducts work involving Russia, Africa and the Middle East.

Strengths (Quotes mainly from clients)

"They are at the top. The service is top-quality. It's impressive how the DCM side has built up."

"Just excellent. They are hugely experienced, knowledgeable and commercial. They are very good at protecting our interests, and are very proactive about identifying issues."

Work highlights Advised J.P. Morgan, BNP Paribas, HSBC and Deutsche Bank on Eurasian Development Bank's MTN programme update and drawdown, and intermediated exchange offer.

Represented the Secretary of State for Business, Innovation & Skills and Postal Services Holding Company on the IPO of Royal Mail.

Notable practitioners  

Julian Makin is highly respected in the market for his wide-ranging practice, which includes capital markets, energy and natural resources expertise. He recently advised the sponsor and underwriting banks on Barclays' £5.95 billion rights issue.

Sarah Murphy, co-head of the firm's international capital markets practice, is widely admired for handling some of the team's most significant recent ECM transactions. According to one client, "she's probably one of the go-to people in the UK market in relation to US-related issues. She has a well-deserved reputation for knowledge and excellence."

Christopher Mort recently advised Goldman Sachs, Barclays and others on the IPO of Merlin Entertainments. Sources regard him as "very experienced, well organised and pleasant to deal with. He's equally comfortable working for banks and issuers." 

According to sources, Tim Jones has "years and years of experience, and the right gravitas to deal with the biggest corporate clients." He recently advised the Secretary of State for Business, Innovation & Skills and the selling shareholder on the privatisation of Royal Mail. 

Mark Austin receives wide praise from sources for his capital markets practice, which includes experience of IPOs and M&A. A client regards him as a "relentlessly efficient and outstanding adviser," whilst a peer states: "He's one of their next generation of ECM specialists."

Ward McKimm recently joined from Kirkland & Ellis International LLP. He receives high praise for his capital markets and debt finance practice, and is particularly notable for his talent in high-yield transactions. A client states: "We feel he gets the best for us, but he works co-operatively with the other side, which makes the transaction run more smoothly and more enjoyably for everybody. He's very commercial and technically fantastic - just a great lawyer."

Significant clients Credit Suisse, Barclays, Deutsche Bank, Bruntwood Investments, Citi.

Basic facts about the department
- 15 partners
- 40 other qualified lawyers

What the team is known for Offers expertise across the spectrum of DCM and ECM matters. Able to advise on a multi-jurisdictional basis, covering locations such as Greece, India and the UAE. Skilled in work involving investment funds, financial institutions and energy and natural resources.

Strengths (Quotes mainly from clients)

"They're in that league of firms you go to who provide good-quality advice. They're extremely competent, highly professional and of a high standard. Considerable depth of resources and very up to date in terms of current practices."

"We're very happy and pleased with the work. I would agree with their marketing perception that they offer magic circle quality service for a bit lower cost, which is appreciated in this market." 

Work highlights Advised Emirates NBD Capital, HSBC, National Bank of Abu Dhabi and Société Générale on the English and US law aspects of their role as lead managers on the issuance of USD250 million notes by AKLease.

Advised Barclays, Deutsche Bank, Goldman Sachs, Bank of America Merrill Lynch and BNP Paribas, the underwriting banks, on Piraeus Bank's EUR8.429 billion rights issue.

Notable practitioners  

The widely admired Steve Thierbach, global head of capital markets at the firm, frequently advises on US law aspects of DCM and ECM matters. Clients praise him for being "extremely knowledgeable, very approachable, friendly and calm."

Charles Howarth recently advised Citi, Deutsche Bank and others on the IPO and London listing of Damac Real Estate Development. Sources praise him as "a good operator who has significant experience in the area, and a very agreeable person to deal with."

The highly experienced James Palmer is respected for his capital markets and M&A practice, which has seen him handling many high-profile transactions. Sources describe him as a "professional and high-quality" lawyer, who has "the gravitas as well as the intellectual backup to his advice."

According to sources, Christopher Haynes is a "very sensible, measured and experienced equities practitioner, who has the respect of the banks." He recently advised Barclays and Citi on the USD885 million IPO of Platform Acquisition.

Greg Mulley has a broad capital markets, M&A and corporate finance practice in which he advises companies and investment banks. Sources state: "Greg is logical, articulate and clear in helping define issues that need to be addressed. His calmness and ability to distil and prioritise are very impressive." 

Andrew Roberts is a DCM lawyer who is regarded as being "very experienced and practical" by the market. He recently advised Great-West Lifeco on English law aspects of its issue of EUR500 million 2.5% bonds.

Significant clients Bank of America Merrill Lynch, Citi, Lonmin, Standard Chartered Bank, UBS.

Basic facts about the department
- 2 partners
- 11 other qualified lawyers

What the team is known for Highly regarded practice focused on sponsor-side representation. Offers expertise in high-yield transactions, complex debt securities and corporate governance. 

Strengths (Quotes mainly from clients) 

"The team works very well together. There aren't many firms in London with a top-quality loan practice and high-yield bond practice, where the lawyers are bilingual across both."

"They work for us on high-yield and we absolutely love them."

Work highlights Advised CVC Capital Partners in connection with an offering of EUR350 million senior secured notes due 2020 by Trionista Holdco, and the offering of EUR525 million senior subordinated notes due 2021 by Trionista Topco regarding the acquisition of ista International.

Represented The Carlyle Group in a £400 million high-yield bond offering to refinance the existing debt of the IDH Group.

Notable practitioners  

Cedric Van den Borren advises sponsors, underwriters and corporates on US securities law and high-yield financings. Sources state: "He fights hard for a deal, works co-operatively and gets on with everybody. For us as a client it's great as he has all that technical ability, and is incredibly hard-working."

Significant clients Bain Capital, CVC, Oaktree Capital Management, Eurazeo, Advent.

Basic facts about the department
- 18 partners
- 98 other qualified lawyers

What the team is known for Acknowledged as the market-leading high-yield practice, handling an impressive volume of complex transactions. Strong ECM team offering broad US and EU expertise and advising on sophisticated and high-profile matters. Notable DCM practice skilled in matters involving the USA, the Middle East, Spain and Russia.

Strengths (Quotes mainly from clients)

"We would use them for a big deal. It's their structuring, ability to give global advice, absolutely first-class advice, first-rate technical skills and all-round excellence."

"They're the number-one high-yield firm - they have the depth of experience and market share. When we do a bank and bond deal and we want to use one law firm, Latham is the best. They also have a strong US presence, which is important."

Work highlights Represented the issuer, Mersin International Port, a joint venture between Akfen Holding of Turkey and PSA International of Singapore, on its 5.875% bonds listed on the Irish stock exchange.

Represented J.P. Morgan in its role as the underwriter on the IPO of bpost, listed on Euronext Brussels.

Advised Credit Suisse, Barclays, BNP Paribas, Bank of America Merrill Lynch and Deutsche Bank, the initial purchasers, on four offerings of senior secured notes by Virgin Media, for a total deal value of USD3.6 billion.

Notable practitioners  

Jennifer Engelhardt is a rising star in the high-yield transactional space. A client remarks: "Her strongest point is that she's one of the most diligent lawyers I've ever met. She knows how to keep a process moving on multiple fronts."

Sources are full of praise for Richard Trobman, who is one of the market's leading experts in high-yield matters. He is cited as being "a mentor to the bond industry," who has "great, unparalleled knowledge of the market."

Richard Brown has impressive experience advising issuers and underwriting banks on ECM transactions. He recently represented Jefferies International and Investec Bank on Keller Group's cashbox placing of ordinary shares.

Brett Cassidy is a US securities and capital markets lawyer who is recognised for his high-yield expertise. Clients appreciate that he is "very technically strong, knows the market well, and is always there to answer and methodically walk through questions."

Olof Clausson has broad ECM expertise across industries such as energy, telecommunications and pharmaceuticals. He recently advised J.P. Morgan in its role as underwriter on bpost's IPO.

The "excellent" Antti Ihamuotila has broad ECM expertise, particularly on matters in Russia and the Nordic countries. Recently, he has advised Morgan Stanley and Nordea as the underwriters on the IPO of Matas.

Lene Malthasen has considerable expertise in DCM, including MTN programmes, convertible bonds and crossover bonds. A client considers her to be an "absolutely outstanding" lawyer.

Scott Colwell is a lawyer making waves in the market for his high-yield practice, which includes representation of the initial purchasers on Virgin Media's senior secured notes offering. Sources regard him as a "very sharp and strong lawyer."

Claire Keast-Butler's practice includes expertise in ECM and M&A. She frequently represents investment banks, issuers and corporate finance houses on IPOs and secondary offerings.

Jocelyn Seitzman is highly respected by peers and clients for her high-yield practice. She recently advised Acromas Holding and AA Bond Co on a £655 million offering of Class B notes.

Significant clients Barclays Capital, CVC Capital Partners, BNP Paribas, Nordea Capital, Qatar National Bank.

Since publication, Antti Ihamuotila has joined Roschier

Basic facts about the department
- 40 partners
- 130 other qualified lawyers

What the team is known for Market-leading DCM and ECM practice handling innovative and high-profile transactions, often cross-border in nature, for the world's largest banks and companies. Strong high-yield practice acting for underwriters, financial sponsors and corporate issuers. The team offers wide-ranging expertise and a deep bench of talented partners and associates.

Strengths (Quotes mainly from clients)

"They've been excellent. They've got a lot of strength in depth, and they're very good at staffing their deals at appropriate levels. They get many deals as they're so good, so their experience increases."

"First-class. They always seem to prioritise our work and they have a strong junior bench." 

Work highlights Advised HSBC and UBS in their role as dealer managers on The Co-operative Bank’s recapitalisation plan, which generated £1.5 billion of common equity Tier 1 and enabled the bank to meet the Prudential Regulation Authority's capital requirement.

Advised bpost, the Belgian national postal service, on its IPO. 

Represented Credit Suisse, UBS Investment Bank, HSBC and BNP Paribas in the EUR275 million 9.25% senior secured notes, EUR40 million revolving credit facility and intercreditor agreement of S&B Industrial Minerals.

Notable practitioners  

Charles Jacobs, global head of the firm's mining and metals team, has an expansive practice which includes deep expertise in IPOs and M&A. Sources regard him to be "very strong in the mining space, particularly advising issuers."

ECM expert John Lane recently acted for the joint global co-ordinators, the sponsor, the joint bookrunners and the co-lead managers on the privatisation of Royal Mail. Sources state: "He's commercial, extremely quick and very good at analysing situations quickly."

Keith Thomson has extensive experience advising on DCM matters, particularly in relation to India, Pakistan and Thailand. Sources consider him to be "the mandarin of convertible bonds, and enjoyable to work with." 

Mark Hageman is co-head of the firm’s high-yield practice, and acts for underwriters, issuers and bridge lenders. He recently advised the initial purchasers on SMCP's EUR290 million high-yield issuance.

Jason Manketo's ECM practice recently involved advising on the £205 million IPO of Al Noor. Sources state: "He's experienced, with knowledge that really comes through."

Alexander Naidenov is admired for his expertise in high-yield transactions. Sources state: "He's a really good lawyer - he's smart and gets deals done."

Cecil Quillen has a wide-ranging capital markets practice that includes deep expertise in high-yield and DCM matters. According to a client, "he's excellent; one of the pre-eminent lawyers in this space. He's seen all the transactions and has been there forever."

Clients appreciate that Patrick Sheil "is very good at getting to the heart of a problem quickly and proposing solutions." He is notable for his ECM experience, and has particular knowledge of Africa and the Middle East.

Carson Welsh is an outstanding DCM lawyer who recently advised HSBC and UBS, in their role as dealer managers, on the recapitalisation of The Co-operative Bank. Sources regard him as "superb" and "innovative," with "an amazing reputation in his field."

Ben Dulieu has a broad capital markets practice, and is noted for his DCM expertise. "He is an excellent lawyer - I would recommend him," remarks a client.

Elaine Keats has DCM experience in matters such as convertible bonds, MTN programmes and international debt offerings. Sources state: "She's very good and experienced in her particular field."

Significant clients J.P. Morgan, Deutsche Bank, Citi, UBS, RBS.

Basic facts about the department
- 1 partners
- 12 other qualified lawyers

What the team is known for Known for representing major investment banks and issuers in cutting-edge high-yield debt transactions. Fully integrated team possessing English, New York and German banking and bond expertise.

Strengths (Quotes mainly from clients)

"Their technical skills are excellent, and their client responsiveness and client-friendliness are also top-notch."

"Excellent, with strong attention to detail. They took full control of the transactions and efficiently handled many risk issues for us." 

Work highlights Represented Virgin Media in its USD24 billion sale to Liberty Global, and in the issuance of £1.35 billion and USD1.53 billion of new high-yield bonds to finance the transaction.

Advised Avanti Communications Group in connection with its first bond offering of USD370 million senior secured notes, due 2019.

Notable practitioners  

Tim Peterson is the key contact.

Significant clients Nomura International, AerCap, First Quantum Minerals, Deutsche Bank, Goldman Sachs.

Basic facts about the department
- 23 partners
- 40 other qualified lawyers

What the team is known for Well-regarded ECM practice containing a full-service UK and US law capability and frequently advising investment banks and issuers on IPOs and secondary offerings. Active DCM practice represents corporates, sovereigns and financial institutions across a variety of matters. 

Strengths (Quotes mainly from clients)

"The level of service we receive from Norton Rose is excellent. They have been able to provide support in almost any jurisdiction we have needed advice in."

"I found them very impressive and thorough indeed." 

Work highlights Represented Malaysian Airlines on its £302 million export credit agency-backed bond issuance.

Advised Goldman Sachs on African Bank Investments' USD530 million rights issue.

Notable practitioners  

Tak Matsuda's DCM practice includes expertise in project bonds, retail bonds and regulatory capital issues. Sources state: "He's smart and personable, and very good at thinking problems through and coming up with solutions."

Simon Cox is experienced in ECM and M&A matters, in particular those involving natural resources. He has deep expertise in emerging and transition markets, most notably Russia, Mongolia and Kazakhstan.

Significant clients HSBC, J.P. Morgan, Starwood Capital, Petropavlovsk, BMW.

Basic facts about the department
- 3 partners
- 8 other qualified lawyers

What the team is known for Strong reputation for its flourishing high-yield deals practice, which offers clients an integrated high-yield, senior and mezzanine finance capability. Provides access into key market areas, with an international network of offices spanning the USA, Europe and Asia.

Strengths (Quotes mainly from clients)

"Ropes is a great team with exceptionally strong associates too. They have depth and knowledge there."

"Strong senior coverage with a well-trained associate class." 

Work highlights Represented Liberty Global in its financing of the company's USD23.3 billion purchase of Virgin Media, which included high-yield bonds, bank facilities and bridge facilities worth the equivalent of USD11 billion.

Acted for Unitymedia Hessen GmbH & Co. KG and Unitymedia NRW GmbH on the issuance of a EUR475 million senior secured notes issuance.

Notable practitioners 

Jane Rogers is the key contact.

Significant clients Highbridge Principal Strategies, Sankaty Advisors, Bormiloi Rocco, GoldenTree Asset Management, KKR Asset Management.

Basic facts about the department
- 6 partners
- 17 other qualified lawyers

What the team is known for Well-regarded practice regularly acting on sophisticated capital market matters. Highly adept in high-yield transactions, with an integrated bank and bond practice. Strong in DCM and ECM work, with particular skill in IPOs, rights issues and Yankee bonds.

Strengths (Quotes mainly from clients)
"If we can get them on a transaction I count myself really lucky. They excel at dealing with the day-to-day, and escalating what needs to be decided by people here. I value that incredibly highly, given how busy we are."

"Shearman is superb, one of my top firms. They are definitely making an impact in London in the capital markets world."

Work highlights Advised the initial purchasers, led by Citigroup Global Markets, HSBC Securities, J.P. Morgan Securities and others, as joint bookrunning managers on Reckitt Benckiser's inaugural USD1 billion bond offering.

Advised the underwriters, including UBS, Nordea and Carnegie Investment Bank, on US and English law regarding Sanitec's IPO and listing on the Stockholm stock exchange.

Advised the initial purchasers, Barclays, BNP Paribas, Credit Suisse, DNB Markets, Jefferies and others, in connection with Thomas Cook's £1.6 billion refinancing, which included a EUR525 million high-yield bond offering.

Notable practitioners  

The "proactive and excellent" Jacques McChesney is held in high regard for his high-yield and DCM practice. He recently advised Nokia Siemens Networks Finance on an offering of senior notes.

Apostolos Gkoutzinis has a broad practice which spans high-yield bond offerings, DCM and ECM transactions, and is particularly notable for his knowledge of matters involving Greece. A client states: "He's our go-to guy and is a huge asset for our work."

Richard Price is an "accomplished lawyer" who has extensive experience of DCM and ECM matters. According to a source, "he's incredibly personable and knowledgeable. Even though he's very busy, he has that air of making you feel he has all the time in the world for you."

Significant clients Goldman Sachs, Piraeus Bank, Citi, Credit Suisse, Anglo American. 

Basic facts about the department
- 5 partners
- 12 other qualified lawyers

What the team is known for Notable DCM practice experienced in a wide range of matters, with particular skill in European restructurings, structured and convertible debt products, and US and European MTN and commercial paper programmes. Offers strong English law knowledge complemented by impressive US law expertise.

Strengths (Quotes mainly from clients)

"The firm is very responsive and practical and has provided very quick turnarounds to us, as well as showing us the right degree of prioritisation."

"They are user-friendly, give excellent service and have no apparent ego problems." 

Work highlights Represented the joint book-running managers, including Deutsche Bank, Barclays Bank and Crédit Agricole, in connection with Health Care REIT's SEC-registered UK debt offering of £550 million.

Continued to advise on the capital markets aspects of Bank of Cyprus's restructuring.

Notable practitioners  

Mark Walsh is known for representing investment banks and issuers in a broad range of debt, equity and equity-linked capital markets matters. He recently advised Barclays Bank, Goldman Sachs, J.P. Morgan Securities and others on 3M's EUR600 million debt offering.

David Howe's DCM experience includes knowledge of equity-linked products, debt restructurings and high-yield debt offerings. Market sources commend him as "bright, clever and non-confrontational - he wants to get a deal done in a really collegiate way." 

Stephen Roith, head of the firm's capital markets group in London, has expansive expertise in DCM matters including high-yield debt, convertible bonds and restructuring. Clients appreciate that he is "technically strong and quick to grasp the intricacies of complicated situations."

Significant clients Wilmington Trust Company, GlaxoSmithKline, Bank of America Merrill Lynch, Morgan Stanley, Citi.

Basic facts about the department
- 7 partners
- 14 other qualified lawyers

What the team is known for Offers expertise in DCM and ECM work, representing underwriters and sponsors in a variety of complex matters, both domestic and cross-border. Particularly skilled in work relating to life sciences, asset management and infrastructure. Houses an integrated US law capability, enabling the team to act in high-end deals.

Strengths (Quotes mainly from clients)

"Their advantage is that they offer a magic circle service at a more competitive price. Outstanding quality lawyers and great value."

"The team has a hands-on, partner-led service."  

Work highlights Advised Barclays, HSBC and Merrill Lynch in connection with Royal London's £400 million tender offer and Tier 2 issuance.

Advised Jefferies International, J.P. Morgan Cazenove and Numis Securities in connection with the IPO of AO World.

Represented J.P. Morgan Cazenove, Peel Hunt, Canaccord Genuity and Shore Capital in the IPO of Circassia Pharmaceuticals.

Notable practitioners  

Head of the firm's ECM team Christopher Horton is skilled in IPOs and M&A, with notable experience advising investment banks. Clients state: "He is sensitive to what you're worried about, and is great at spotting issues and thinking through things. He can think 'big picture' and is great at doing analysis."

Charles Hawes is an English and New York-qualified US securities lawyer who advises on a broad range of capital markets matters. He recently advised J.P. Morgan Securities on a USD65 billion EMTN programme listed on the LSE.

Significant clients Rothschild, Deutsche Bank, Macquarie Capital, Liberum, Numis Securities. 

Basic facts about the department
- 4 partners
- 22 other qualified lawyers

What the team is known for Strong high-yield practice which fully utilises the office's exceptional banking expertise. Handles some of the market's most complex and high-profile transactions, and also possesses experience in ECM matters.

Strengths (Quotes mainly from clients)

"They operate at a high level." 

Work highlights Represented PortAventura in its EUR420 million high-yield notes offering.

Advised Infinis Energy on its £234 million IPO and Infinis plc’s £350 million high-yield debt offering.

Notable practitioners  

Nicholas Shaw frequently advises companies on high-yield and acquisition financing, and recently represented eircom in its EUR350 million high-yield notes offering. Sources consider him to be "very knowledgeable, smart and bright."

Gregory Conway, managing partner of the firm's London office, has a broad capital markets practice, and is particularly recognised for his high-yield debt experience. Recently, he advised the initial purchasers on Polish Television Holdings’ EUR300 million high-yield notes offering.

Gil Strauss is an expert in US securities law and is complimented by a client for his "extensive experience" and "very good reputation across the market."

Significant clients Blackstone, KKR, J.P. Morgan Securities, Takko Group, Nomura Securities. 

Basic facts about the department
- 5 partners
- 16 other qualified lawyers

What the team is known for Accomplished capital markets practice primarily acting on the issuer side. Skilled in complex and multi-jurisdictional DCM, ECM and high-yield matters, with areas of strength including IPOs, rights offerings and convertible bonds. Clients commend the team on its expertise in work involving Russia.

Strengths (Quotes mainly from clients)

"They all have great technical expertise, are always ready to help, are responsive, and if we need something outside the usual scope they deliver it." 

"They're very competent, have good knowledge of the market, and have efficient leverage on their US network."

Work highlights Advised Nokia on a bond financing related to the sale of its devices and services business to Microsoft.

Advised HellermannTyton Group on its £420 million IPO.

Represented Avanza Grupo in a EUR490 million high-yield bond offering.

Notable practitioners  

Pranav Trivedi is well regarded for his capital markets practice, which spans both DCM and ECM work. Recently, he acted for the joint bookrunning managers regarding the USD70 million IPO of Luxoft. A client states: "He has shown a high level of responsiveness, dedication and engagement on all the transactions we have worked on together."

James Healy offers clients expertise in DCM and ECM, with particular knowledge of matters pertaining to Italy, Portugal and Egypt. He recently advised HellermannTyton Group on its £420 million IPO.

Danny Tricot, head of the firm's European corporate finance practice, is notable for his skill in ECM matters, recently advising on the recapitalisation of Alpha Bank. Sources regard him as a lawyer who is "positive, non-adversarial and can get a deal done." 

Significant clients TMF Group, Citi, Zobele Holding, Eurasia Drilling, Goldman Sachs.

What the team is known for Reputed for its skill in sophisticated ECM matters, including advising on some of the largest IPOs of recent times. Frequently represents high-profile companies in debt matters such as MTN programmes, tender offers and high-yield bonds. Offers a broad international reach through its network of offices in London, Brussels, Hong Kong and Beijing.

Strengths (Quotes mainly from clients)

"We use them for our high-end capital markets work - they cover everything superbly." 

"We use them every time we have a big assignment. No improvements; they're very good and experienced." 

Work highlights Acted as the lead legal adviser to Royal Mail regarding its IPO and admission to listing.

Represented CaixaBank on its issue of EUR594.3 million 4.50% unsecured bonds, due 2016.

Notable practitioners  

"Great guy" Christopher Saul has the respect of the market for his deep capital markets expertise, which forms a part of a wider corporate and private equity practice. He is frequently called upon to advise on flotations and rights issues.

Significant clients Apollo, Countrywide, esure, Bupa, Derwent London.

What the team is known for Highly regarded for its representation of issuers and underwriters in DCM and ECM matters. Frequently acts on innovative and multi-jurisdictional transactions. Offers an integrated UK law and US law capability, and possesses deep expertise in work involving Southern Europe, Scandinavia and Africa.

Strengths (Quotes mainly from clients)

"They're very good at securities and public debt work. They have clout in the US, which is often important."

"They know us extremely well, and offer us a joined-up, good holistic view."

Work highlights Advised BP and BP Capital Markets on a USD1.5 billion SEC-registered debt offering.

Represented the underwriters in connection with Countrywide's USD308 million IPO.

Notable practitioners  

Vanessa Blackmore is a key contact at the firm.

Significant clients Alcatel-Lucent, Barclays, Anheuser-Busch InBev, Kerry Group.

Basic facts about the department
- 9 partners
- 7 other qualified lawyers

What the team is known for Notable high-yield practice offering expertise in European and US bond matters. The ECM team has close links to its counterparts in Weil's offices in Poland, Hungary and the Czech Republic, and frequently acts in initial and secondary offerings across Eastern Europe.

Strengths (Quotes mainly from clients)

"The entire Weil team were responsive and client-oriented. They have significant expertise in capital markets and banking." 

Work highlights Advised Findus Group regarding its dual-currency bond offering, consisting of the equivalent of £410 million in high-yield senior secured bonds, issued in sterling and euros, and a new £60 million super senior revolving credit facility.

Represented PKP Cargo and Polskie Koleje Państwowe in the PLN1.42 billion IPO of PKP Cargo on the main market of the Warsaw stock exchange.

Notable practitioners  

Peter King is held in high regard in the market for his excellent reputation and deep expertise, with sources describing him as "client-focused, practical and commercial." He recently advised ČEZ on a cross-border consent solicitation.

Significant clients CVC, Deutsche Bank, Findus Group, Equiniti Group, Citi.

Basic facts about the department
- 15 partners
- 54 other qualified lawyers

What the team is known for Contains a large number of lawyers with substantive experience in capital markets work. Successfully carved out a reputation as the go-to team for ECM, DCM and high-yield advice regarding emerging markets, particularly Africa, the Middle East and Eastern Europe. Strong UK and US expertise, with notable skill in private placements, Rule 144A offerings and SEC-registered deals run out of London. 

Strengths (Quotes mainly from clients)

"They've made a virtue of the emerging markets. They've got some good practices in other European jurisdictions. They've done well in Africa, notably. They're playing the long game."

"They are our top choice for Africa. They're number one in Africa, and we like to work with them as they know the market so well. They have a particular knowledge of the market and issuers that no one else has." 

Work highlights Represented the Republic of Rwanda on its inaugural offering of a USD400 million 6.625% 10-year Eurobond.

Advised the sponsor, RBC Capital Markets, on the IPO of Caracal Energy on the LSE.

Advised Sanitec on the issuance of a US-law high-yield bond offering of EUR250 million senior secured floating-rate notes due 2018, alongside a new EUR50 million revolving credit facility.

Notable practitioners  

Stuart Matty is an expert in DCM matters, particularly those involving African countries. Sources praise him as a "very good lawyer who combines good commercial pragmatism and technical ability," and who is "good at knowing the local practices and customs, and building good relationships with the local bankers."

The "very impressive" Ian Clark is a US capital markets lawyer with expertise in Rule 144A offerings and private placements. He frequently advises on debt transactions by issuers in the Middle East, Turkey and Russia.

Francis Fitzherbert-Brockholes is revered for his years of experience in DCM and ECM matters, particularly those relating to Kazakhstan and Azerbaijan. A client states: "He knows the local legislation and the local contacts. His institutional knowledge is just incredible and he's seen just about every situation out there. He's called 'Mr Kazakhstan' in the local market."

Joshua Kiernan is a US-qualified lawyer who has expertise in SEC-registered IPOs, private placements and Rule 144A offerings. He is particularly knowledgeable on matters involving Israel and Russia.  

Doron Loewinger is an experienced US securities lawyer recognised for his skill in DCM transactions. A client finds him to be "user-friendly, commercial, pragmatic and sensible in coming to the right conclusions on things."

Allan Taylor recently advised Goldman Sachs, J.P. Morgan and others on a USD1.3 billion offering of ordinary shares in Alrosa. Clients state: "He's very professional, really knows his stuff, and is extremely helpful and pleasant to deal with."

Melissa Butler is a US-qualified lawyer who focuses on debt securities matters, particularly those relating to Russia, Africa and Turkey. Sources appreciate her "incredible amount of jurisdiction-specific knowledge." 

Significant clients J.P. Morgan, Jefferies, Credit Suisse, UBS, Bank of America Merrill Lynch.

Other Ranked Lawyers 其他上榜律师

Andrew Caunt of Greenberg Traurig Maher LLP has almost two decades' experience in ECM work. He advised Platform Acquisition Holdings on its USD905 million IPO. He offers deep expertise on matters involving Latin America, the Sub-Saharan region and CEE.

Jonathan Bloom of Jones Day advises hedge funds, private equity funds, corporate borrowers and issuers on high-yield offerings and fund-related transactions. Recently, he advised Bitė Finance International on a senior secured notes offering worth EUR200 million.

Drew Salvest of Jones Day is praised by clients for being "very helpful and dedicated" and for providing "pragmatic, commercial advice." He frequently advises Middle Eastern, North African and European clients on a wide variety of debt matters.

Carter Brod of Morgan, Lewis & Bockius LLP is described as "a very hands on a proactive partner who provides excellent advice and service." He is notable for his in-depth experience of Russia and the wide CIS region as well as his knowledge of capital markets in emerging markets.

Brian Bates of Morrison & Foerster (UK) LLP is particularly known for representing non-US issuers in private placement transactions with US financial institutions. A client regards him to be "one of the most experienced private placement legal counsel out there, with an exceptional knowledge of documentation."

Andrew Weiler recently joined O'Melveny & Myers LLP from White & Case. He is notable for advising issuers on cross-border private placements. Sources state: "He's been in the market for a long time, and is a very knowledgeable and experienced lawyer."

James Cole of Paul Hastings (Europe) LLP is notable for advising issuers and underwriters on IPOs and secondary offerings. According to a client, "he is an excellent lawyer - very commercial and willing to go the extra mile."

Peter Schwartz of Paul Hastings (Europe) LLP has a broad-based capital markets practice, which includes deep knowledge of high-yield debt offerings, restructurings and acquisition financings. According to one client, "he is the embodiment of the dependable, professional and dedicated outside counsel that any general counsel would hope to have on his side." He joined the firm from Milbank, Tweed, Hadley & McCloy in October 2014.

Mark Bergman of Paul, Weiss, Rifkind, Wharton & Garrison LLP is reputed in the market for his skilful handling of DCM and ECM capital markets matters. Sources describe him as "an intellectual giant who can simplify complex issues for every client," and who is "very responsive, upbeat and keen to help." 

Tamara Box of Reed Smith LLP, head of structured finance at the firm, has a wide capital markets practice, with particular strength in project bonds, high-yield transactions and debt programmes. An appreciative client states: "If I ever have a difficulty she's the first one I call."

Foreign Experts

Foreign Experts are individuals with expertise in a different jurisdiction to the one they are based in. These individuals are particularly highly regarded for international and cross-border work. Usually, they will be identified in the jurisdiction in which they are based and in their country of expertise.

Senior Statesman

A 'Senior Statesman' is a lawyer who no longer works hands-on with the same intensity but who, by virtue of close links with major clients, remains pivotal to the firm’s success.

Eminent Practitioners

'Eminent Practitioners' are highly influential lawyers in a particular practice area who, due to managerial or client relationship commitments, are less active in day-to-day work but remain key players in the team.

Other Noted Practitioners

Other Noted Practitioners are individuals who have not yet been ranked but are seen to be active and accomplished in this area of law.

Other Noted Firms

Other Noted Firms are firms that have not yet been ranked but are seen to be active and accomplished in this area of law.