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Skadden, Arps, Slate, Meagher & Flom (UK) LLP

London

Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates - New York
  • 40 Bank Street
  • Canary Wharf
  • London
  • Greater London
  • UK
  • E14 5DS
  • Executive Partner Eric J Friedman
  • European Practice Leader Bruce M Buck
  • Number of lawyers - London 125
  • Number of lawyers - Europe 200

THE FIRM With offices in London, Paris,Moscow, Brussels, Frankfurt,Munich and Vienna, Skadden has successfully developed an integrated European practice that handles substantial cross-border and domestic matters.

PRINCIPAL AREAS OF WORK
Mergers & Acquisitions:Skadden is one of the most successful firms to have established a single global platform combining US and local law capability around the world. The firm’s London office is staffed with English and American partners and acts as an international hub powering multi-jurisdictional transactions. In London, the firm advises on traditional UK and US public M&A transactions and handles the English law aspects on any international deal, offering a unique mix of US and English law advice. London works with the firm’s network of 22 offices around the world in other major financial centres, including Frankfurt,Hong Kong and Tokyo.
Private Equity: Skadden advises private equity firms on the structuring and execution of large, cross-border and domestic private equity transactions, including the purchase and sale of portfolio companies. The firm combines leading transactional experience with sophisticated financing and tax techniques in relation to a range of matters including leveraged buyouts, management buyouts and recapitalisations.
Investment Management: Skadden’s European Investment Management Group services a wide range of private capital and asset management clients, including: private equity fund houses; hedge fund managers; highnet- worth investors; in-house asset management teams at financial institutions; family offices; SIVs,ABCPs and other shadow banks; private trading companies and sovereign investors.
Capital Markets: The Capital Markets Group advises corporate, governmental and investment banking clients on a variety of capital markets transactions, including rights offerings, IPOs, eurobonds, high-yield financings and other global equity, equity-linked and debt offerings.
Banking: The European Banking Group comprises experienced finance lawyers familiar with all aspects of leveraged finance, project finance and other banking products as well as restructurings (stressed and voluntary). The practice is headquartered in the London office where the team advises on English banking law matters in all countries across Europe, the Middle East, Africa and Asia. The firm also provides specialist local law financing advice through its offices in Paris, Frankfurt, Munich, Vienna and Moscow.
Corporate Restructuring: The The European Corporate Restructuring Group advises enterprises in cross-border out-of-court restructurings and pre-negotiated plans of reorganisation, and judicial, insolvency restructuring transactions and bankruptcy proceedings.
International Arbitration / Litigation: The European international Arbitration and Litigation Group provides legal advice and representation on international commercial disputes for multinational companies and major institutions, particularly in the commercial, energy, telecoms and financial services fields, including arbitrations under bilateral investment treaties, ICC, LCIA and UNCITRAL rules, and under the auspices of all the major international arbitration institutions. Lawyers also serve as arbitrators in complex international arbitrations.
Corporate Investigations: The Corporate Investigations Practice provides advice to corporations and individuals involved in cross-border regulatory investigations and disputes. The practice combines an on-the-ground presence in Europe with Skadden’s global experience in government investigations, enforcement actions and internal investigations. The firm brings an integrated approach advising on matters of US and English law, including practical steps for implementation of adequate procedures under the UK Bribery Act 2010.
Energy Transactions: The Energy Group provides comprehensive assistance on complex energy transactions representing clients in a broad array of energy matters, including petroleum exploration; production and infrastructure investments; utility and petro-chemical sector privatisations; large-scale power plant, pipeline and refinery developments; mergers, acquisitions and corporate financings involving energy companies; and non or limited-recourse financings for capital intensive energy projects.
Tax: Skadden offers tax advice across the range of corporate and financing transactions. In addition to providing tax advice within particular jurisdictions, its lawyers have considerable experience in strategic tax planning and tax implementation issues associated with multi-jurisdictional, cross-border transactions. The firm also has a well-respected Tax Controversy practice, providing clients with technical and tactical advice to ensure tax disputes are resolved as effectively as possible.
Labour & Employment: Skadden's London Labour and Employment practice advises businesses and senior executives on a wide range of employment matters.We frequently advise on employment issues that arise in corporate transactions, as well as on labour relations, including collective bargaining and industrial disputes, the introduction and implementation of workplace policies and contracts, UK employment laws, corporate governance, data privacy and business protection.
European Union & International Competition: The EU and International Competition practice represents clients on a full range of competition law issues raised in the context of multi-jurisdictional M&A and other transaction structures, investigations of cartels, abuses of dominant positions and other anti-competitive conduct issues.

CLIENTS Skadden represents a broad spectrum of clients, including Europe’s largest companies, financial and government entities, private and start-up companies, and cultural and educational organisations.

INTERNATIONAL Skadden has approximately 1,800 lawyers advising in over 40 practice areas in 23 offices on five continents.

Branches

  • 40 Bank Street,
  • Canary Wharf,
  • London,
  • Greater London
  • UK
  • E14 5DS
  • Tel (020) 7519 7000
  • Fax (020) 7519 7070
  • Website : www.skadden.com

Banking & Finance - London (Firms)

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

What the team is known for Continues to make strides on the borrower side with a highly active corporate borrower client base. Also has significant aptitude on leveraged financings and refinancings, and is able to draw on the strength of the firm's US practice where required.

Strengths (Quotes mainly from clients)
 Breadth of services: "Very knowledgeable, good depth of resources, able to provide multi-jurisdictional advice."

Client service: "Responsive and willing to tailor their service to our requirements."

Industry knowledge: "Such a great borrower firm in terms of corporate finance work in general and lending work in tandem."

Work highlights Represented Upsher-Smith Laboratories with regard to financing arrangements for the USD550 million purchase of Proximagen Group.

Acted for the Alpha-Access-Renova (AAR) consortium on the financing aspects of the high-profile sale of its 50% stake in TNK-BP to Rosneft.

Notable practitioners 

Clive Wells is considered to be "very knowledgeable and practical at the same time." Bank of America engaged him to act on the UK aspects of its provision of a USD1.2 billion senior secured asset-based loan facility to subsidiaries of Algeco Scotsman.

The "constructive and practical" Mark Darley advised Outokumpu Oyj on the financing for its EUR2.8 billion acquisition of the Inoxum business from ThyssenKrupp. He is praised for being "easy to get on with." 

Pete Coulton is an "extremely experienced and very strong negotiator," according to sources. He has handled a number of matters for Doughty Hanson of late, as well as spearheading the banking aspects of TMF's high-yield offering. 

Significant clients Doughty Hanson & Co, Esselte, Bank of America, Vue Entertainment, Ares Life Sciences.

Capital Markets - London (Firms)

Basic facts about the department
 - 8 partners 
 - 2 counsel 
 - 20 associates

What the team is known for Strong expertise in both debt and equity matters, with substantial experience of handling rights offerings, IPOs, private placements and hybrid securities offerings for corporates, investment banks and governments. Also maintains visibility in the high-yield market, acting on a number of key deals.  

Work highlights Advised TMF Group in relation to its EUR580 million high-yield bond issuance. This also involved entrance into a EUR70 million super senior revolving credit facility agreement.

Acted on behalf of Brunswick Rail with regard to the admission to trading of its debut USD600 million Eurobond on the London Stock Exchange.

Notable practitioners  

Sources enjoy working with the "very helpful" James Healy who heads up the English law side of the firm's European corporate finance group. He has notable experience in multiple jurisdictions, including Portugal, Egypt and Italy.

Danny Tricot advised SCOR SE in connection with its CHF250 million debt issuance. His broad experience covers the full range of capital markets matters, including issuances of both debt and equity.

Pranav Trivedi is recognised for his expertise in the Russian market, and of recent note he advised Russian company Brunswick Rail on the issuance of its USD600 million debut Eurobond on the LSE. 

Significant clients ASML, Algeta, Doughty Hanson, Banco Comercial Português, Bank of America.

Corporate/M&A - London (Firms)

Basic facts about the department
- 12 partners
- 3 counsel
- 40 other lawyers

What the team is known for Represents corporate, governmental and banking clients in complex top-tier M&A transactions. Has an excellent reputation for transactions that include significant regulatory components and multiple jurisdictions.

Strengths (Quotes mainly from clients)
Client service: "Skadden has been exceptional for us; they are exceptionally attentive."

International capability: "They have a good international network and they have experience in complex multi-national M&A transactions."

Market standing: "A global powerhouse." 

Work highlights Represented BlackRock in its acquisition of Credit Suisse's Exchange Traded Funds division.

Represented Outokumpu, a Finnish stainless steel manufacturer, on the approximately EUR2.8 billion acquisition of the Inoxum business from ThyssenKrupp.

Represented Altimo Holdings & Investments on the USD5.2 billion sale of a 25% stake in MegaFon.

Notable practitioners  

"Legend" Michael Hatchard is "smooth, urbane, and also technically very strong," enthusiastic sources say. His highlights include advising NDS and its owners on its sale to Cisco Systems for approximately USD5 billion.

The "terrific" Scott Simpson is "smart, effective and practical," and is "highly experienced and skilful in multinational M&A matters," impressed clients report. He advised Central European Distribution on a USD310 million investment in the company by Russian Standard.

Adrian Knight advised Shionogi on its sale and licensing of the rights to HIV treatment developed together with ViiV Healthcare; the joint venture is valued at approximately USD4 billion. Market sources speak highly of his efficient and effective approach.

Shaun Lascelles has expertise on cross-border M&A, private equity and joint venture transactions. He advised Cosan S.A. Industria e Comercio on its acquisition of a 60% stake in Comgas.

Lorenzo Corte advised Lucid Markets Trading on the sale of a 51% stake in the company to FXCM for USD176 million. He has notable expertise on cross-border M&A deals.

Michal Berkner is "fantastic on the details" and "negotiates from an understanding of the fundamentals of what we are doing and not just from the legal side," impressed clients say. She represented AAR in the sale of its 50% stake in TNK-BP with a value of USD28 billion.

Significant clients China Three Gorges, CJSC Sibur, Upsher-Smith Laboratories, Nike, Nokia Siemens Network.

Since publication, Adrian Knight has left this practice.

International Arbitration - London (Firms)

Basic facts about the department
- 6 partners
- 2 counsel
- 10 associates

What the team is known for Renowned London international arbitration group. Routinely handles extremely complex cross-border disputes, and is experienced in significant inter-state matters.

Strengths (Quotes mainly from clients)
Breadth of services: "We've definitely been impressed. The team is very strong and covers a lot of practice areas."

Visibility: "Skadden has an impressive group. They're clearly doing quite a lot."

What's new? Karyl Nairn was the only solicitor advocate to be appointed Queen's Counsel in the 2013 round of silk appointments.

Work highlights Prevented a USD16 billion alliance between BP and Russian Federation-owned Rosneft on behalf of the AAR consortium through use of a High Court injunction to block the initial deal and a Stockholm-seated arbitration tribunal hearing which found the deal to be in breach of a shareholders' agreement, leading to a later settlement relating to BP's conduct.

Advising Cyprus Popular Bank in a multibillion-euro investment treaty dispute with Greece, alleging discriminatory state assistance to banks, with added complexities arising from the sovereign debt crisis.

Notable practitioners  

Karyl Nairn QC is a highly respected figure in international arbitration. She is "wonderful," according to peers; "a great lawyer with great clients." Nairn's recognition as an advocate has only grown in recent years, and she is credited by sources with personally securing several of the firm's most high-profile victories in arbitrations and before the High Court.

David Kavanagh is regarded as "one of the best around" in matters of international arbitration. He regularly acts on high-value and complicated disputes, including commercial investment and share disputes, and cases involving significant natural resources.

David Herlihy specialises his practice on investment treaties and impresses market sources with his strength in this area. He is dual-qualified to practise in England & Wales and New York, and has advised South Sudan in relation to an ICSID claim from Sudapet, the Republic of Sudan's state-owned oil company. 

Bruce Macaulay has a strong practice in international arbitration, with a particular focus on financial disputes and issues in the energy sector. He has recently acted on a number of significant and complex international cases, including advising Cyprus Popular Bank on its attempts to win the repayment of debts across Europe.

Patrick Heneghan does "a fantastic job," according to his peers. He has extensive cross-border litigation experience, and has recently acted on a complex anti-suit injunction and significant disputes resulting from shareholder agreements.

Significant clients Orascom, Alfa-Access-Renova, Cyprus Popular Bank, Pfizer.

Litigation - London (Firms)

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

What the team is known for Houses substantive expertise across the commercial litigation spectrum. Acclaimed for its enviable client roster of global corporates, high net worth individuals, financial institutions and state entities. Operates mainly on cross-border disputes in the energy, telecoms, financial services and natural resources sectors. 

Strengths (Quotes mainly from clients)
Market standing: "They're a hugely impressive machine." 

Visibility: "They're attracting a lot of good work." 

What's new? Karyl Nairn was the only solicitor advocate to be appointed QC in the 2013 round of silk appointments.

Work highlights Acted on behalf of Ferrexpo, an investment vehicle of Russian businessman Alexander Babakov, on a complex cross-border dispute over the ownership of a valuable Ukrainian mining asset.

Representing Anheuser-Busch InBev in a USD366 million High Court dispute with Starbev, a fund owned by private equity firm CVC.  

Notable practitioners  

Karyl Nairn QC is described as "super-intelligent and at the top of her game," by one impressed source. She specialises in international arbitration but has also demonstrated considerable strength in major pieces of litigation.

The "very bright" Rory McAlpine is a valuable member of the team acting as international counsel to Cyprus Popular Bank in its attempt to recover billions of euros worth of debt. Sources note his "consummate client skills." 

Significant clients Roman Abramovich, Crédit Agricole, RBS, Cyprus Popular Bank, the government of South Sudan.

Restructuring/Insolvency - London (Firms)

Basic facts about the department

- 2 partners
- 6 other qualified lawyers

What the team is known for Handling sophisticated transactions that involve multiple jurisdictions. Proficient at representing corporate clients and debtors. Specialist expertise in the shipping industry.

Work highlights Advised Danish shipping company TORM on its potential out-of-court restructuring.

Acted for Travelport on Bermudan elements of its restructuring.

Notable practitioners  

Sources say Chris Mallon is "fantastic to deal with." He offers leading experience in highly complex cross-border transactions. He has acted as lead partner on the majority of standout mandates this year, including the TORM restructuring.

Dominic McCahill has a diverse practice acting for creditors and debtors across the market. His work tends to focus on cross-border deals and he has advised on some of the most complex restructuring matters to occur in the market during the financial crisis.

Significant clients Mechel, Excel Maritime Carriers, Suntech, Kaupthing, Seat Pagine.

Tax - London (Firms)

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

What the team is known for Particular focus upon the provision of tax advice on high-end M&A, funds and private equity matters. Strong international network covering the USA, continental Europe, Russia, China and South America.

Work highlights Advising the Alfa-Access-Renova (AAR) consortium on tax aspects of its disposal of a 50% stake in the TNK-BP joint venture to Rosneft, the Russian state-owned oil company.

Assisted Outokumpu Oyj (Finland) regarding tax issues concerning EUR2.8 billion purchase of the Inoxum business unit from ThyssenKrupp AG.

Notable practitioners  

Department head Tim Sanders is a market-leading tax practitioner with a focus upon cross-border M&A deals. He advised the AAR consortium on disposing of a 50% stake in TNK-BP.

James Anderson focuses upon tax matters concerning the private equity and investment management spheres, alongside a strong private client practice advising wealthy individuals. Clients note that he is "very quick to understand what we are trying to achieve and quick with solutions. He is innovative and commercial."

Significant clients Wells Fargo, BNY Mellon, BTG Investments, Carlson Capital, Och Ziff.

Corporate Crime & Investigations - UK-wide

Basic facts about the department
- 1 partner
- 3 other qualified lawyers

What the team is known for Best known for its transatlantic expertise. Advises multinational companies and high-profile individuals on cross-jurisdictional investigations.

Strengths (Quotes mainly from clients)
Problem solving: "We like their approach. They are very solution-focused."

Client service: "They are very approachable, friendly and practical."

Notable practitioners  

US-qualified Gary DiBianco is noted for his experience of advising corporations on the US Foreign Corrupt Practices Act and DOJ investigations. Clients prize his approachability and identify him as someone who can "step in and give an incisive answer in a very practical way."

Former SFO prosecutor Matthew Cowie is developing a strong reputation for representing companies under investigation. Clients value his insight into the prosecutor's perspective and his "in-house approach to answering questions."

Energy & Natural Resources - UK-wide

Basic facts about the department

- 3 partners
- 12 other qualified lawyers

What the team is known for Essential part of Skadden's global projects group, dealing with structured finance and restructuring matters, traditional project finance and significant M&A transactions.

Strengths (Mainly quotes from clients)
Market standing: "A good, stable group with quality services. I would rate them as excellent."

Work highlights Acted for the Republic of South Sudan on oil and gas matters arising out of its independence from the Republic of Sudan, which include E&P rights for oil and gas in South Sudan.

Advised hydropower developer China Three Gorges on its proposed bid for a stake in EDP - Energias de Portugal.

Notable practitioners  

Described as a "very talented individual," David Kavanagh acted on behalf of Saltend Co-generation in a dispute with a BP subsidiary relating to gas supply, out of which new supply, power purchase and steam purchase agreements were negotiated.

Head of department Douglas Nordlinger is admired by peers for his work on conventional power matters. Nordlinger also led on the aforementioned Republic of South Sudan negotiations.

Significant clients Vitol, Helios, Morgan Stanley, Merrill Lynch, Vimetco.

Investment Funds - UK-wide

Basic facts about the department

- 2 partners
- 6 other qualified lawyers

What the team is known for Weighted towards the operation, structuring and establishment of private funds, with strong support on the tax and regulatory sides. Noted for its aptitude in private equity funds matters and its sophisticated client base.    

Strengths (Quotes mainly from clients)
Client service: "Client-centric firm, and one that has highly capable individuals who are extremely thorough when providing advice."

What's new? New clients for the team include Amstar, Trailstone and GSA Capital.

Work highlights Advised Graphite Enterprise Trust on various investments into private equity funds.

Notable practitioners  

Talented private equity funds lawyer Stephen Sims is "a great one to watch," according to market observers, one of whom adds that he is "sensible and pragmatic." He handles fund formation and structuring, capital raising and funds-related M&A activity.

Significant clients BlackRock, Carlson Capital, Och-Ziff, Fortress, BTG Pactual.  

Private Equity - UK-wide

Basic facts about the department

-3 partners
-8 other qualified lawyers

What the team is known for Solid and growing reputation for the representation of firms, investment companies and their portfolio companies on transactions such as leveraged buyouts, recapitalisations and MBOs. Particular expertise on sophisticated cross-border deals.

Strengths (Quotes mainly from clients)
Client service: "They served their client's interests very well."

Market standing: "I found them easy to deal with, they are a good strong team."

Work highlights Represented Doughty Hanson and Euroland Investments on the USD1.1 billion sale of Norit.

Advised Blackrock on its acquisition of the exchange-traded funds division of Credit Suisse.

Notable practitioners  

The "highly experienced" Allan Murray-Jones is "phenomenally intelligent." One enthusiastic interviewee comments: "You are likely to get a good deal with him on your side." He advised Doughty Hanson on its acquisition of Eurofiber Nederland from Reggeborgh Groep.

Significant clients Rain Carbon, NDS/Permira, Helios, Zobele, Veritas Capital.