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France > Capital markets > Debt > Law firm and leading lawyer rankings


Index of tables

  1. Capital markets: debt
  2. Other recommended firms
  3. Leading individuals
  4. Next generation lawyers

Leading individuals

  1. 1

Next generation lawyers

  1. 1
    • Florent Bouyer - Jones Day (equity capital markets)
    • Véronique Delaittre - Linklaters (debt capital markets)
    • Thomas Margenet-Baudry - Latham & Watkins (debt capital markets)
    • Marc-Etienne Sébire - CMS (debt capital markets)
    • Olivier Thébault - Allen & Overy LLP (equity capital markets)

Who Represents Who

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Allen & Overy LLP produces ‘highly professional and efficient work that provides solutions’; the ‘highly responsive’ 20-lawyer team covers French, US and UK law. It advises banks and issuers on large conventional and sophisticated deals. Highlights included assisting La Banque Postale with its €750m issuance of tier 2 hybrid capital subordinated notes and advised the joint lead managers on AXA’s €1.5bn subordinated notes issuance. Hervé Ekué heads the practice, in which Diana Billik, Brice Henry, Dan Lauder and Julien Sébastien are also recommended.

Cleary Gottlieb Steen & Hamilton LLP often assists issuers with debt capital markets (DCM) transactions in France and the US. The firm recently advised on bank capital securities issuances, such as BNP Paribas’ $1.5bn Rule 144A/Regulation S offering of tier 1 notes. It also represented JCDecaux during a €750m issuance of bonds and advised Loxam on a €250m issuance of high-yield notes. Key figures in the practice include Andrew Bernstein, John Brinitzer, Fabrice Baumgartner and Valérie Lemaitre, who ‘has great convertible technical expertise’.

Clifford Chance ‘always provides the right advice’. The ‘responsive’ 15-lawyer team advises banks and issuers on large, complex DCM mandates domestically and internationally, notably including corporate and public sector bond issuances, as well as complex hybrid bonds and emerging markets transactions. It assisted Credit Suisse and Morgan Stanley with Solvay’s triple-tranche issuance, comprising €1bn bonds, $1.6bn of Rule 144A bonds and €2.25bn of senior bonds. The team is led by US-qualified attorney Alex Bafi and Cédric Burford, who provides ‘prompt and smart responses’.

Gide Loyrette Nouel A.A.R.P.I. has advised many leading French and international banks on small to large domestic transactions. Recent work includes assisting BNP Paribas with two issuances of notes by Vivendi, admitted to trading on Euronext Paris for a global amount of €1.5bn. The ‘competent and available’ Hubert du Vignaux is a great reference. Melinda Stege Arsouze provides US law advice and recently assisted the underwriting syndicates with two US dollar bond offerings by EDF, totalling $4.75bn.

Linklaters often advises the world’s largest banks on sophisticated domestic and international transactions. The practice assisted the joint bookrunners with BPCE’s first offering on the local Singapore debt market and acted for the joint lead managers on TDF Infrastructure’s €600m bond issuance. Luis Roth heads the practice. Also recommended is Véronique Delaittre, whose ‘expertise, practice and dedication are excellent’.

White & Case LLP provides ‘outstanding overall service’; it is widely regarded as the ‘very best’ in France in terms of its ‘first-rate strength-in-depth, exceptional response times’ and extensive experience. The team has a strong underwriter and manager-side practice and also advises issuers on the market’s largest and most complex matters. Highlights included assisting a banking syndicate with Total’s €1.7bn hybrid bond issuance and acting for the joint bookrunners on Europcar’s €125m high-yield issuance. ‘DCM guru’ Gilles Endréo is recommended for complex transactions. Cenzi Gargaro has ‘unmatched experience and is very helpful and extremely knowledgeable’. Séverin Robillard, Thomas Le Vert and high-yield expert Colin Chang are also highly recommended; Grégoire Karila was promoted to partner.

CMS has ‘very good knowledge of market standards’ and ‘produces solutions’. The firm is a leader in the EuroPP sector, where it advises on a high volume of transactions. The practice assisted APICIL Prévoyance with its inaugural €150m tier 2 bond issuance listed on the Luxembourg Stock Exchange. Practice head Marc-Etienne Sébire stands out for his ‘positive involvement in transactions’. Also recommended is counsel Rosetta Ferrère, who is ‘a success story and is state of the art in her field’.

Herbert Smith Freehills LLP assists many leading French corporations with setting up Euro medium term note programmes and making bond issuances. The practice recently advised Safran on the €650m issuance of zero coupon convertible bonds (OCEANEs) and acted for Schneider Electric during a €200 green bond issuance. Airbus and Renault are also clients. The ‘calm and very knowledgeable’ Louis de Longeaux is recommended to borrowers for banking and DCM transactions.

Latham & Watkins is renowned for its leading high-yield expertise and notably assisted Deutsche Bank with the high-yield refinancing of Loxam. The practice also advised BIM on Elior’s €200m issuance of over-collateralised secured bonds exchangeable for ordinary shares – the first transaction of its kind in the French market. The highly versatile Thomas Margenet-Baudry is a great adviser.

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