United Kingdom > London > Projects, energy and natural resources > Law firm and leading lawyer rankings
Domestic and international markets are still feeling the effects of the low oil price. Upstream and midstream mandates have largely come to a halt, although law firms continue to secure advisory roles on major exploration and pipeline projects in Africa and other emerging markets. Similar low commodity prices in the mining and minerals sectors are driving renewed focus on the secondary market, particularly on the M&A and private equity side. The gap left by traditional lenders is being filled by new players such as PE funds, although fundraising activity has yet to translate into a surge of investment activity.
On the contentious side, dedicated mining firms such as Norton Rose Fulbright and Herbert Smith Freehills LLP have been increasingly collaborating with their HR teams to advise on issues arising from the Modern Slavery Act 2015.
Unconventional investors such as pension funds continue to strengthen their presence in the secondary market within infrastructure, driving competition both domestically and internationally, but it is unclear to what extent any ongoing and future investments in the UK will be affected by the EU referendum. The European Investment Bank (EIB) has been playing a significant role as the primary lender in a number of landmark UK and European transactions, with firms such as Hogan Lovells International LLP taking roles on these mandates.
Although new PFI work has largely disappeared within the UK, firms such as Addleshaw Goddard LLP continue to provide ongoing advice concerning pre-existing PFI contracts, particularly within the healthcare sector. A number of firms have secured roles in major PF2 and PPP projects: CMS, Pinsent Masons LLP and Berwin Leighton Paisner LLP are all acting on projects stemming from the Priority Schools Building Programme.
As a result of significant cuts to the energy subsidy regime in the UK, firms have been following clients to emerging markets. Jurisdictions in the Middle East and Sub-Saharan Africa have experienced growth in investments in the renewables sector, particularly relating to solar photovoltaic projects. In the UK, waste-to-energy has been a key area of activity, as has work relating to interconnectors. CMS and White & Case LLP have been advising National Grid and Eleclink, respectively, on the 1,000MW interconnector project between France and the UK.
Despite tighter control on demand, law firms have benefitted from an increase in water-related power projects. Herbert Smith Freehills LLP and Hogan Lovells International LLP have been assisting the sponsor and primary investor, respectively, with the Tidal Lagoon (Swansea Bay) project, which is the first of six planned tidal lagoon power plants in the UK.
Following its merger with BG Group, Shell’s global panel is now down from 11 to six firms: Allen & Overy LLP, Clifford Chance LLP, Baker McKenzie LLP and Norton Rose Fulbright have been reappointed alongside newcomers Eversheds LLP and Reed Smith LLP.
Infrastructure (including PFI and PPP)
Index of tables
Infrastructure (including PFI and PPP)
- Conrad Andersen - Allen & Overy LLP
- Nicholas Bliss - Freshfields Bruckhaus Deringer LLP
- Patrick Boyle - Ashurst
- Andrew Briggs - Hogan Lovells International LLP
- Adrian Clough - Herbert Smith Freehills LLP
- Mark Elsey - Ashurst
- Martin McCann - Norton Rose Fulbright
- Brendan Moylan - Clifford Chance LLP
- Simon Norris - Trinity International LLP
- Paul Smith - CMS
- Philip Stopford - White & Case LLP
- Bruce White - Linklaters LLP
‘At the cutting edge of the market’, Allen & Overy LLP often acts for investors across the transport, social infrastructure and utilities sectors. The ‘exceptional’ David Lee leads the practice, which includes Sara Pickersgill, who advised the Universities Superannuation Scheme (USS), OPTrust and PGGM on their €420m acquisition of shares in Globalvia from FCC and Bankia. Richard Evans and the ‘very experienced’ Conrad Andersen advised Goldman Sachs Infrastructure Partners and Infracapital on the £1.6bn sale of their combined stake in Associated British Ports to a consortium comprising Canada Pension Plan Investment Board and Hermes Infrastructure.
Ashurst’s team has ‘deep sector knowledge’ and is often instructed by the UK government. The ‘very pragmatic’ Patrick Boyle and Jan Sanders advised a four-strong consortium of lenders on the £340m financing of the Midland Metropolitan Hospital PF2 project. Headed by Mark Elsey, the team includes Philip Vernon, whose PPP expertise covers the health and defence sectors.
CMS’ ‘exceptional’ department is noted for its ‘high degree of commerciality’. It primarily acts for lenders in project financing and refinancings across a range of sectors, including urban regeneration, telecoms and transportation. Co-head Paul Smith advised Laing O’Rourke on its successful bid for the Priority Schools Building Programme, while fellow co-head Andrew Ivison advised Barclays, HSBC, RBS, Mizuho Bank, Sumitomo Mitsui Banking Corporation (SMBC) and the Bank of Tokyo-Mitsubishi (BTMU) as the senior lenders on NATS’ £400m debt refinancing.
Clifford Chance LLP’s ‘very strong’ group is headed by the ‘responsive’ Brendan Moylan, who has extensive experience in domestic and cross-border M&A. Moylan advised Global Infrastructure Partners on the £567m acquisition and debt financing of a 50% stake in the Gode Wind 1 offshore wind farm in Germany. James Boswell advised a consortium comprising Allianz, Borealis and MEAG on the €1.9bn acquisition and refinancing of German motorway services chain Autobahn Tank & Rast. Caroline Sherrell is now at White & Case LLP, while Gavin Teague has retired.
Patrick Mitchell leads Herbert Smith Freehills LLP’s group, which is ‘one of the best’ according to clients. Julia Pyke (who is praised for her ‘excellent experience’) has been acting for the sponsor in negotiations regarding the £1bn Tidal Lagoon Swansea Bay project. Other highlights included advising on Thames Tideway and Hinkley Point C. Also recommended are Adrian Clough and regulatory expert Silke Goldberg, who is now a partner.
Hogan Lovells International LLP’s team is headed by Adrian Walker, who is noted for his ‘excellent in-depth knowledge’ and has been advising Rio Tinto on an ore mine and associated road, rail and port infrastructure development project in Guinea. Andrew Briggs has been advising Cross London Trains on the £2.5bn Thameslink rolling stock programme and its refinancing. Other clients include Macquarie, EDF and Aéroports de Paris.
Linklaters LLP’s department is led by the ‘highly regarded’ Jeremy Gewirtz, who specialises in the power and oil and gas sectors. Fiona Hobbs and Andrew Jones have been advising African Development Bank and a syndicate of export credit agencies as the lenders on the proposed £5bn financing of the development of a 912km rail line in Mozambique. Bruce White assisted developer Carillion with its successful bid for the $534m Midland Metropolitan Hospital PF2 project.
Norton Rose Fulbright’s group acts for a range of clients including corporates, banks and government bodies, with particular expertise in the mining and renewables sectors. Practice head Martin McCann has been advising mining company CBG on the $700m expansion of its mine in western Guinea, as well as the construction of additional rail and port infrastructure. Newly promoted partner Matthew Hardwick specialises in PPP schemes in the waste and transport sectors. Oliver Carruthers is now at Addleshaw Goddard LLP.
Pinsent Masons LLP stands out for its ‘exceptional business acumen’ across the full infrastructure asset lifecycle. Richard Laudy and Nick Ogden jointly lead the team, which includes Jon Hart, who is ‘pleasant to deal with’ and advised PSBP Midlands Limited, the joint venture between Carillion and Equitix, on its successful bid for the Midlands Priority Schools Building Programme. Other clients include Green Investment Bank, Bouygues and World Bank.
Addleshaw Goddard LLP has a team of ‘genuine specialists’, which acts for clients in both the public and private sectors, particularly those in the health sector. Project finance expert Oliver Carruthers, who joined from Norton Rose Fulbright, led the team advising SMBC as the sole lender on the £23m refinancing of five healthcare facilities comprising the North Staffordshire NHS Lift portfolio. Also recommended are David Hartley and newly promoted partner Simon Courie. Other clients include the Department for Transport, Beijing Construction Engineering Group and Equitix.
Berwin Leighton Paisner LLP’s ‘extremely responsive’ group has seen an increase in instructions from institutional investors, including pension and insurance funds. Group head Mark Richards is advising Amber Infrastructure and Aviva Investors as the funders on the £110m financing of 12 schools as part of the Priority Schools Building Programme. Christian Drage has been acting for National Grid on the UK’s first EU-funded carbon capture and storage project. Other clients include Barclays and 3i Infrastructure Partners.
Clyde & Co LLP provides a ‘high-quality’ service, with particular strength in transportation and healthcare PPP projects. Liz Jenkins has been assisting Peterborough City Hospital with a number of matters regarding the £335m Greater Peterborough Health Investment Plan PFI project. Jenkins jointly leads the team with ‘strong negotiator’ Clare Hatcher.
White & Case LLP often handles major international infrastructure and PPP transactions. The group is headed by the ‘extremely professional’ Caroline Miller Smith, who has been advising the Republic of Slovakia on its €1.5bn PPP procurement for the development of the D4 motorway and R7 expressway in southwestern Slovakia. The team, which includes oil and gas specialist Philip Stopford, was strengthened by Caroline Sherrell’s arrival from Clifford Chance LLP. Carina Radford was promoted to partner.
DLA Piper provides ‘a very good level of service’ across a diverse range of sectors, including defence, energy and transportation. Practice head Colin Wilson led the team advising the Government of Kenya on a number of matters regarding a landmark healthcare PPP, including the procurement and contract negotiations.
Dentons fields a ‘very knowledgeable’ cross-departmental group, which often acts for governments and has specialist transport and renewables sector expertise. Matthew Hanslip Ward advised Hong Kong based transport operator MTR on all aspects of its successful bid to operate Crossrail. Energy partner Lucille De Silva has been advising Lightsource on corporate and planning issues regarding a number of its UK solar projects. Dominic Spacie and John Woolley are also recommended.
Freshfields Bruckhaus Deringer LLP’s practice includes finance partner Nicholas Bliss, whose clients range from infrastructure funds and banks, to governments and corporates. Alan Rae Smith is particularly noted for his handling of privatisation, PPP and project financing mandates in Turkey.
Following its merger with Wragge Lawrence Graham & Co, Gowling WLG now sports a 10-partner team with a strong PPP experience across a number of sectors, including defence and security. Stephen Kenny leads the team and has been advising the Ministry of Defence on all aspects of a £1.5bn joint military air traffic services PPP. Also recommended are new arrival Andrew Newbery, who joined from his own consultancy firm, Jonathan Brufal and Gareth Baker.
Simmons & Simmons ‘consistently provides sound advice’, and is singled out for its strength in Africa-related projects. Led by Andrew Petry, the team advised the successful bidding consortium comprising Macquarie, FCC and Denys on the €800m Haren prison PPP in Belgium. Other clients include the Department for Transport, Mainstream Renewable Power and Transport for London. The team is headed by Richard Dyton, whose sector expertise includes defence, transportation and mining.
Slaughter and May primarily acts for clients in the transport, water and waste management sectors, often handling acquisitions, disposals and refinancings. The department is headed by Mark Horton, who specialises in domestic and international corporate finance matters.
Headed by Philippa Chadwick and Robin Baillie, Squire Patton Boggs’ practice has seen a significant increase in investment work. Anna Le Jehan and Robert Bray advised John Laing Infrastructure Fund on its £22m acquisition of the British Transport Police PPP project and a 95% interest in the Oldham Social Housing PPP project. The team was strengthened by the arrivals of Andrew Herring and Matthew Mulqueen from DWF and Bracewell (UK) LLP, respectively.
Trinity International LLP primarily handles project finance matters for clients ranging from developers, financial institutions, investors, equity funds and governments. The firm is particularly experienced in emerging markets. Simon Norris and Kaushik Ray are recommended.
Trowers & Hamlins LLP’s group has seen an increase in work relating to alternative PPP models, with a particular focus on waste, housing, regeneration, energy and social infrastructure. Practice head Paul McDermott has been advising the London Borough of Southwark on a series of regeneration programmes valued in excess of £500m. Lucy Doran was made partner in 2015. The firm’s client base includes Amey, Oracle Coalfields and Balfour Beatty.
Niche construction firm Fenwick Elliott LLP ‘always displays the highest levels of professionalism’. Tony Francis has been leading the team in advising on a number of matters regarding the development of London Gateway Port, which is valued in excess of £1bn. Jatinder Garcha and Andrew Davies are now partners. The team includes dispute resolution expert Simon Tolson.
At K&L Gates LLP, Anthony Fine is a key name with a strong experience in the PPP market. Fine has handled projects in sectors ranging from health, education, defence and transport. Cathy Harris left to found Caxton Legal.
Mayer Brown International LLP’s practice advises on a range of project development, PPP and infrastructure fund formation matters, as well as handling disputes. Sally Davies and Michael Regan are recommended.
Stephenson Harwood’s ‘excellent’ practice acts for clients in the transport, energy and waste sectors, with an increasing focus in secondary market transactions. Department head Jonathan Cripps, Rebecca Carter and Ben Stansfield have been assisting North London Waste Authority with the development of an energy recovery facility valued at over £450m. Other clients include Hitachi Rail Europe, Interserve and the City of Cape Town.
Mining and minerals
Index of tables
Mining and minerals
- Rebecca Campbell - White & Case LLP
- Ian Coles - Mayer Brown International LLP
Phillip Fletcher -
Milbank, Tweed, Hadley & McCloy LLP
- Charlie Jacobs - Linklaters LLP
- Andrew Jones - Linklaters LLP
- Raj Karia - Norton Rose Fulbright
- Alexander Keepin - Berwin Leighton Paisner LLP
- Jamieson Logie - Sullivan & Cromwell LLP
Cathy Marsh -
Milbank, Tweed, Hadley & McCloy LLP
- Martin McCann - Norton Rose Fulbright
Highlights for Linklaters LLP’s ‘excellent’ team has predominantly focused on assisting clients with debt restructuring matters and acting in litigation. Charlie Jacobs, David Avery-Gee and Ian Hunter, who is now a partner, have been advising Glencore on its $10.2bn debt reduction programme. Andrew Jones has been assisting a syndicate of five lenders with the proposed $5bn financing of Vale and Mitsui & Co.’s development of a rail line to expand a coal facility in the port of Nacala in Mozambique. Toby Grimstone and Andrew Jones lead the team alongside Jacobs and Avery-Gee.
Norton Rose Fulbright’s practice has experienced a growth in restructurings, disputes and private equity transactions. Highly regarded practice head Martin McCann has been advising Compagnie des Bauxite de Guinée (which is jointly owned by Rio Tinto, Alcoa, Dadco and the State of Guinea) on the $700m expansion of its bauxite mine in Sangarédi in western Guinea. In another highlight, McCann assisted Roxgold with the $75m financing of its Yaramoko Gold Project in West Africa. Mark Berry and senior associate James Rennard also advised on that matter. Other key figures include corporate partner Raj Karia and construction specialist Matthew Hardwick.
Headed by M&A expert Dominic Morris, Allen & Overy LLP’s department acts for global majors, domestic corporates and financial institutions. Capital markets transactions are a particular strength of the firm; in 2015, Richard Browne led the team advising Sirius Minerals on its £15m placement of shares on AIM. Other clients include Vale, Fortescue Metals Group and Randgold Resources.
Clients rate Ashurst’s practice as ‘very good and easy to deal with’, and for its ability to provide ‘commercial advice across a wide range of mining and M&A matters’. Simon Baskerville* and Nick Williamson led the team advising a number of bondholders on the recapitalisation of Russian mining group Petropavlovsk, including a $235m rights issue. Headed by Michael Robins, the team was strengthened by the arrivals of Yann Alix and James Wood from Herbert Smith Freehills LLP and Freshfields Bruckhaus Deringer LLP, respectively. Martin Kudnig joined Johnson Winter & Slattery. *Simon Baskerville joined Latham & Watkins in July 2016.
Clifford Chance LLP’s ‘extremely strong’ group has been handling a growing number of arbitration and litigation matters, in addition to its corporate and debt restructuring workload. Russell Wells and Iain Hunter have been acting for the lenders on a series of financings for Glencore, including the $15.3bn refinancing of its revolving credit facilities. The practice is jointly led by the ‘exceptional’ David Lewis and James Pay.
Mayer Brown International LLP fields ‘a large number of experienced mining practitioners’. Practice head Ian Coles (whom clients rate as ‘a number-one draft pick’) advised the European Bank for Reconstruction and Development (EBRD), UniCredit and Turkish bank Yapi Kredi as lenders on $260m term loan facilities provided to Kazakhstan subsidiaries of Yildirim Holding to fund its acquisition of the Voskhod mine north-west of Kazakhstan. The team was strengthened by the arrivals of finance partner Kieron Dwyer and Tom Eldridge from Wragge Lawrence Graham & Co. and Dentons, respectively.
Milbank, Tweed, Hadley & McCloy LLP is renowned for the strength of its work for lenders involved in emerging markets projects. Group head Phillip Fletcher and consultant Cathy Marsh advised the six-strong lending group on the restructuring of a project financing for the Moma Titanium project in Mozambique. Other clients include BNP Paribas, EBRD and the Emerging Africa Infrastructure Fund.
Sullivan & Cromwell LLP’s practice is headed by Jamie Logie and the ‘sensible and commercial’ Stewart Robertson, and is singled out for its sponsor-side strength. Logie and Christopher Howard led the team advising Kenmare Resources as the developer and sponsor of the $360m Moma Titanium project in Mozambique.
White & Case LLP’s ‘excellent’ team acts for both mining companies and lenders. Rebecca Campbell has been advising a lending consortium comprising UniCredit and Société Générale on the Ilovica gold-copper project in Macedonia. Peter Finlay has been assisting Turquoise Hill Resources as the developer with the $4.4bn project financing of the Oyu Tolgoi project. Clients recommend John Tivey, who heads the group from Hong Kong. Evgenia Laurson is now at Dentons.
Baker McKenzie LLP’s group has been advising on a range of mining-related private equity investments, and is also handling a number of high-profile disputes. Department head Richard Blunt advised Audley Capital Advisors as part of the consortium acquiring Anglo American’s Norte copper business. Mike Webster has been assisting Saudi Arabian Mining Company (Ma’aden) with the development and financing of an expansion to its existing operations.
Berwin Leighton Paisner LLP’s mining and resources team covers the full life cycle of mining matters, including advising on construction matters such as EPC contracts and handling disputes. Marc Trottier advised the Pension Protection Fund on the £150m sale of old UK Coal assets to Coalfield Resources. Practice head Alexander Keepin specialises in IPOs and secondary issues in the Main Market and AIM.
Fasken Martineau LLP is highly experienced in M&A and capital markets transactions, project financings and disputes. Thomas Wexler advised Minera IRL on a $70m bridging loan as the first step of a $240m financing of the Ollachea gold project in Peru. Nigel Gordon and David Smith are now at Fladgate LLP and Druces LLP, respectively. Al Gourley heads the group.
Headed by the ‘excellent’ Jonathan Brooks, Fieldfisher’s ‘knowledgeable and attentive’ department has been primarily advising on transactions involving jurisdictions in Europe, Africa and the CIS. Clients recommend the ‘very professional’ Brad Isaac and ‘strategic’ Dominic Gurney-Champion, both of whom assisted Atalaya Mining with a £65m equity fundraising to restart its copper mine operations in Spain. Matt Hinxman and disputes expert Simon Sloane joined from Baker Botts (UK) LLP and Reed Smith LLP, respectively.
Freshfields Bruckhaus Deringer LLP's mining and metals group comprises 15 partners dedicated to advising global mining and resources companies on the full range of matters, from large-scale developments to international disputes. Group head Julian Makin has a particular focus on mining-related private equity and fund formation matters.
Greg Mulley’s team at Herbert Smith Freehills LLP is particularly noted for its project finance expertise. David Walton has been acting for ING, BNP Paribas, Santander and Société Générale as the lenders on the €222m financing of the Muga potash project in Spain. Other clients include BHP Billiton, Lonmin and Vedanta Resources.
Latham & Watkins has a multidisciplinary practice headed by project and Islamic finance expert Craig Nethercott. Nethercott advised Taweelah Aluminium Extrusion Company on the $140m bridge financing for the development and construction of an aluminium plant in Abu Dhabi. Charles Claypoole, James Inness and Robbie McLaren are now partners.
Pinsent Masons LLP’s track record spans the whole mining project life cycle, with a strong focus on corporate finance. Jon Harris advised Wishbone Gold on a £1.3m placing and debt-to-equity swap. The practice is headed by Sarah Thomas, whose international experience includes Francophone jurisdictions, as well as Brazil and Chile.
Simmons & Simmons specialises in handling investments in emerging markets. Richard Dyton advised SNC-Lavalin on the £300m divestment of its entire interest in the Ambatovy Nickel joint venture project in Madagascar to existing partner Sumitomo Corporation. Practice head Iain Duncan is often instructed on partnering arrangements, as well as development and investment agreements with host governments.
Charles Russell Speechlys LLP’s team is jointly led by Chris Putt and the ‘very experienced’ Clive Hopewell (who also heads the firm’s capital markets group), and is noted for its ‘excellent service and very good knowledge’. Clients include banks and financial advisers, as well as FTSE 100 gold miners such as Randgold Resources.
‘Very experienced in the corporate mining area’, Clyde & Co LLP acts for clients ranging from governments, operators and financial institutions, with strong experience in high-profile disputes. Co-head Maurice Kenton successfully represented Carnegie Minerals in a claim brought against the Republic of The Gambia in a ICSID arbitration regarding the client’s mining licence. Also recommended are ‘outstanding’ fellow joint head Christopher Duffy and newly promoted partner Elisabeth Moseley. Nigel Taylor is now at Watson Farley & Williams LLP.
Neil Nicholson leads the team at Dentons, which is experienced in handling domestic M&A. Will Gunston acted for Hatfield Colliery in four consecutive financial restructurings, including a £4m bilateral loan with the National Union of Mineworkers, and its eventual winding-up application. Tom Eldridge has joined Mayer Brown International LLP.
Now led by Charles Bond following its merger with Wragge Lawrence Graham & Co., Gowling WLG specialises in handling cross-border financings, particularly those in Africa and the CIS. Bond led the team in advising GoldBridges Global Resources on a £3m fundraising as part of the development of an underground mind in Kazakhstan. Other clients include Hummingbird Resources, Tertiary Minerals and Eurasia Mining.
Hogan Lovells International LLP’s ‘incredibly responsive’ team provides ‘impressively strategic advice’. Its expertise spans the full project lifecycle, with specialist knowledge of emerging markets. Richard Lewis led the team defending Eurasian Natural Resources Corporation in a dispute valued in excess of $300m concerning a major iron ore project in Brazil. Practice head Adrian Walker is singled out for his ‘excellent in-depth knowledge’.
Holman Fenwick Willan has been increasingly handling distressed M&A and advising on sovereign debt restructurings. Global head Brian Gordon and James Lewis advised Asia Coal Energy Ventures on its $210m acquisition of Asia Resource Minerals. The team’s corporate offering was bolstered by Giles Beale and James Wilson’s arrival from Reed Smith LLP. Nick Hutton heads the London team.
Acting for a wide range of clients that includes Vale and Deutsche Bank, Reed Smith LLP is noted for its handling of offtake agreements, as well as for its M&A and antitrust expertise. Kyri Evagora leads the team, which includes Paul Skeet and Richard Swinburn.
At Shearman & Sterling LLP, Richard Price’s group often acts for banks and lenders. Jeremy Kutner advised Anglo American on its $500m disposal of Anglo American Norte to an investor consortium led by Audley Capital Advisors. Ronan Wicks relocated from the firm’s New York office.
Fladgate LLP’s 12-strong team was strengthened by the arrivals of Chris Chrysanthou and Nigel Gordon from Fasken Martineau LLP. Gordon jointly leads the team and advised Xtract Resources on its $13m acquisition of the Manica Gold project in Mozambique from Auroch Minerals. Fellow joint head Paul Airley is also recommended.
K&L Gates LLP provides ‘commercial and practical advice’ on a broad range of matters, including equity capital markets transactions, M&A and project finance. Practice head Paul Tetlow advised Bellzone Mining on a proposed $30m loan facility with China Sonangol. Other clients include Amara Mining and Orica.
Kerman & Co LLP’s ‘always responsive and friendly’ team primarily acts for AIM-listed clients. Group head Michael Bennett specialises in emerging markets. Clients include Metals Exploration, West African Minerals and Noricum Gold. Robert Koller joined from Simmons & Simmons LLP.
Memery Crystal LLP’s clients rate the firm for its ‘pragmatism and good value for money’. Michael Dawes (‘technically excellent and fun to work with’) heads the practice, which has seen a significant increase in banking and debt finance matters. Dawes advised Pala Investments on the $10m bridge financing of Alufer Mining’s bauxite project in Guinea. Other clients include Nyota Minerals, Shanta Gold and new client African Thunder Platinum.
Watson Farley & Williams LLP’s practice advises clients from a wide range of jurisdictions, including the Americas, Africa, Russia and the CIS. Group head Jan Mellmann has been assisting Mariana Resources with a number of mandates, including its acquisition of Aegean Metals. Martin Thomas and Dearbhla Quigley joined from Chadbourne & Parke (London) LLP.
Oil and gas
Index of tables
Oil and gas
- James Baily - Herbert Smith Freehills LLP
- Michael Burns - Ashurst
- Jason Fox - Bracewell (UK) LLP
- John Geraghty - Allen & Overy LLP
Manzer Ijaz -
Milbank, Tweed, Hadley & McCloy LLP
- Charles Morrison - DLA Piper
- Alex Msimang - Vinson & Elkins RLLP
- Stephen Murray - Herbert Smith Freehills LLP
- Bob Palmer - CMS
- Jeremy Parr - Allen & Overy LLP
- Garry Pegg - King & Spalding International LLP
- Geoffrey Picton-Turbervill - Ashurst
- Nick Prowse - Norton Rose Fulbright
- Bob Ruddiman - Pinsent Masons LLP
- Philip Stopford - White & Case LLP
- Daniel Tyrer - Linklaters LLP
- Penelope Warne - CMS
- Charles Wood - Dentons
Allen & Overy LLP’s well-regarded practice saw a number of changes in 2015: Jaspal Gillar and Tim Scales relocated to London from the Abu Dhabi and Paris offices, respectively, and Jocelyn Land was promoted to partner. Lorraine Bayliss advised a syndicate of nine lenders including Bank of China on the $1.6bn refinancing of the Baku-Tbilisi-Ceyhan pipeline. Troy Edwards advised Trans Adriatic Pipeline as the developer on the development and operation of a $1.5bn natural gas pipeline from the border between Turkey and Greece to southern Italy. The team, which includes John Geraghty, is jointly led by Gareth Price and Jeremy Parr.
‘A leading firm in the LNG sector’, Ashurst is noted for its ‘phenomenal’ expertise, which encompasses M&A, project development and finance matters, as well as disputes. The ‘outstanding’ Michael Burns advised Macquarie and Greenergy on the establishment of Navigator Terminals and its acquisition of a number of Vopak’s UK storage facilities. Practice head Philip Thomson and Nikhil Markanday have been advising the lenders to Daewoo Shipbuilding & Marine Engineering and APM Terminals on their bid for the Bahrain LNG terminal project. Clients also recommend Geoffrey Picton-Turbervill, who stands out for his ‘good judgement’, newly promoted partner Julia Derrick, and Matthew Saunders, who joined from DLA Piper. Mark Clarke joined White & Case LLP.
CMS’ ‘exceptional team’ provides ‘excellent service, particularly in relation to procurement advice and litigation’. ‘Outstanding’ practice head Bob Palmer advised Roc Oil on its $17m disposal of a UK-registered subsidiary to Faroe Petroleum, which included assisting with due diligence issues. Palmer also advised Ping Petroleum and Hibiscus Petroleum on their acquisition of the North Sea Anasuria cluster from Shell and Esso. The team includes Penelope Warne, who leads the wider energy group, and litigation expert Phillip Ashley, and was strengthened by Jonathan Woolf’s arrival from BP.
Clifford Chance LLP ‘delivers on all levels of strategic, commercial and practical advice’. Steven Fox and Russell Wells advised Statoil on the $2.3bn disposal of its interests in the Shah Deniz gas field to Petronas. Wells has been advising the prospective lenders on the development of the Trans Adriatic gas pipeline. M&A specialist Graham Phillips, Ashvin Seetulsingh and ‘always responsive’ disputes expert Alex Panayides jointly lead the team.
Dentons’ ‘first-class’ oil and gas team is headed by ‘pragmatic problem-solver’ Danielle Beggs and ‘knows the industry well’. James Dallas is advising the Government of Mozambique on the development of Mozambique’s gas resources through a landmark LNG project, which involved project structuring and financing issues. Charles Wood and the ‘quick and direct’ David Tennant, who specialises in midstream work in the domestic market, are also recommended.
Herbert Smith Freehills LLP’s ‘outstanding’ practice has been seeing a significant increase in disputes and instructions regarding alternative capital providers. Litigation specialist James Baily successfully defended BP, Eni, Talisman Sinopec Energy and JX Nippon, the owners of the Andrew Field in the North Sea, against an £85m claim brought by Scottish Power as the buyer under a long-term GSA before the Commercial Court concerning the prolonged shut-in of the Andrew Field. Anna Howell, who was appointed co-head in 2015, led the team advising Carlyle International Energy Partners on its acquisition of Sterling Resources’ Romanian business. Also recommended are fellow joint head John Balsdon, Stephen Murray and the ‘very commercial’ Thomas Bethel.
Norton Rose Fulbright’s ‘highly qualified and specialist team’ provides ‘good coverage across the board’. Nick Prowse has been advising Bahrain’s National Oil and Gas Authority’s investment arm Nogaholding on the development of the Bahrain LNG terminal project, including advice on the shipping and financing aspects. The ‘excellent’ Kimberley Wood advised Amni International Petroleum Development Company on its $31m acquisition of Afren’s interest in the Okoro oil field offshore Nigeria.
Akin Gump Strauss Hauer & Feld is noted for its ‘sound legal advice backed by solid commercial thinking’, which it applies to corporate transactions, disputes and regulatory matters. Robert Aulsebrook advised Lukoil on the $1bn financing of the Shah Deniz oil field. Co-head John LaMaster has been assisting Soma Oil & Gas with a landmark exploration project off the Somali coast. The group’s arbitration expertise was strengthened by Hamish Lal’s arrival from Jones Day. Litigation expert Justin Williams also heads the team.
Baker Botts (UK) LLP’s practice has ‘excellent knowledge of the law and of foreign legal environments’, making it a natural choice for ‘fulfilling complicated and creative tasks’. Stuart McIntyre led the team advising Höegh LNG on the $300m development and financing of a LNG receiving terminal off the coast of Sumatra, Indonesia. The practice is jointly led by Mark Rowley, who stands out for his ‘wide sector experience’, and Rubin Weston, who specialises in transactions involving Russia and the CIS. Other clients include ExxonMobil, Petrobras and Cobalt International Energy.
Bracewell (UK) LLP is ‘a pleasure to work with’, and for some clients ‘unmatched’ in financing transactions. Darren Spalding has been advising Ophir Energy on the $2bn development of its floating LNG project in Equatorial Guinea. Practice head Jason Fox, who is noted for his ‘unparalleled experience and expertise’, advised a syndicate led by Société Générale on a $150m first-of-its-kind reserve-based lending facility to Cobalt International Energy regarding its interest in the Heidelberg field in the Gulf of Mexico. Clients also recommend Olivia Caddy and Alastair Young.
Clyde & Co LLP’s ‘excellent’ practice further strengthened its already impressive contentious expertise with the arrival of disputes specialists Richard Power and Paul Dillon from Berwin Leighton Paisner LLP and Reed Smith LLP, respectively. It was appointed to Total’s global panel in 2016. Other clients include Apache, African Petroleum and PetroSaudi. The group is jointly led by international arbitration specialist David Bennet and Michael Wachtel, who leads on transactions.
Freshfields Bruckhaus Deringer LLP’s department is jointly led by Graham Watson, whose experience includes handling corporate transactions in Latin America and Africa, and Elliot Friedman, who specialises in energy disputes. Clients also recommend Tim Pick.
At Hogan Lovells International LLP, LNG expert Richard Tyler led the team advising Claims Validation Services (CVSL) and Oil & Gas UK (OGUK) on implementing regulatory changes introduced by the new EU gas network codes, and continues to act as sole project counsel for the Shah Deniz Consortium. Clients also recommend David Moss, who is experienced in handling upstream and downstream work. Other clients include BP, Statoil and Kuwait Petroleum. David Levin is now in-house counsel at Nekton Group.
Jointly led by Daniel Tyrer, Mark Russell and associate Andrew Penfold, Linklaters LLP’s practice has been advising Black Rhino Group as the sponsors on the $1.5bn development, financing, construction and operation of the Horn of Africa pipeline. Richard Ginks and associate Katie Williams acted for LetterOne on its $5.7bn acquisition of RWE Dea, which holds 162 licences in 14 countries. Clients also recommend Fiona Hobbs and global practice head Jeremy Gewirtz.
Milbank, Tweed, Hadley & McCloy LLP primarily acts for lenders on project development and financings, but is also experienced in assisting creditors with distressed situations. Clive Ransome continued to advise the lenders on the restructuring of the SEGAS LNG project. Co-head John Dewar has been advising Standard Chartered Bank, RBS and Barclays as the lenders on a number of shale gas financings to Reliance Holdings. The team includes Manzer Ijaz, who specialises in upstream, LNG and cross-border pipeline transactions. Dewar leads the practice with Phillip Fletcher.
‘A good choice for upstream work’, Pinsent Masons LLP has particular expertise handling M&A transactions and equity capital markets matters. Rosalie Chadwick and the ‘well-regarded’ Paul McGoldrick advised Total on the £585m sale of its North Sea midstream business, which includes the St. Fergus gas terminal, to North Sea Midstream Partners. On the contentious side, Katharine Davies defended Talisman Sinopec Energy in two Commercial Court actions valued at over £150m concerning contractual construction issues regarding the operation of its offshore oil fields in the North Sea. Aberdeen-based practice head Bob Ruddiman is also recommended.
Shearman & Sterling LLP’s team is noted for its ‘thorough knowledge of market practice’. The ‘friendly, resilient and effective’ Sanja Udovicic regularly advises lenders such as development banks, export credit agencies and Islamic financiers. Alexander Uff has been representing Egyptian state-owned companies EGAS and EGPC in two parallel arbitration matters regarding the performance and termination of a long-term GSA with East Mediterranean Gas Company (EMG) to supply gas for sale in Israel. John Inglis heads the practice.
Vinson & Elkins RLLP ‘provides sound practical advice in a timely fashion’ on matters ranging from high-profile M&A transactions, financings and disputes. ‘Highly trusted’ practice head Alex Msimang and Paul Deemer advised Africa Oil on the farm-out of 50% of its interest in a number of upstream oil and gas assets in Kenya and Ethiopia to a subsidiary of Maersk Oil. Project finance head Nabil Khodadad has been advising Uzbekneftegaz on the $5.6bn construction and financing of a GTL project in Uzbekistan. Other clients include Sinopec, Statoil and Deutsche Bank.
White & Case LLP’s ‘flawless’ group stands out for its ‘high degree of industry knowledge’, which covers a wide range of matters. Project financing is a core strength; practice head Jason Kerr and Carina Radford advised Saudi Aramco as co-sponsor on the development and financing of the $8bn expansion of a petrochemicals complex in Rabigh, Saudi Arabia. The ‘extraordinarily capable’ Saul Daniel and ‘outstanding’ Philip Stopford, who heads the global oil and gas practice, advised LG Chem, United Chemical Company and SAT & Co as the sponsors in the $4bn development and financing of a petrochemical facility in Kazakhstan. The team was strengthened by Mark Clarke and Paul Griffin’s arrival from Ashurst and Allen & Overy LLP, respectively.
Baker McKenzie LLP’s ‘strong’ department is headed by Hugh Stewart and has ‘excellent industry knowledge’. Neil Donoghue advised Tata Petrodyne on its farm-in of a 25% interest in two oil exploration licences in Tanzania. Richard Blunt advised Vitol on the sale of its subsidiary Arawak Energy to Russian upstream group BMM. Other clients include Shell, Sonangol and Eni. Jeremy Winter has retired.
Headed by M&A specialist Alistair Mackie, Holman Fenwick Willan is ‘a growing force in the area’. The ‘responsive, commercial and pragmatic’ Jayson Marks has particular expertise acting for upstream and oil field service companies. Disputes expert Brian Perrott is also recommended. Clients include Tullow Oil, Maersk and BP.
Ince & Co is ‘excellent in the disputes field’ and is considered ‘a go-to firm for any offshore oil and gas matters’. Jonathan Goldfarb advised long-term client Golar LNG on a commercial agreement with Perenco Cameroon regarding the development of a floating LNG project offshore Cameroon. Practice head Jeremy Farr is ‘a client’s best friend’. Other clients include Dragon Oil, Petrofac and Shelf Drilling.
King & Spalding International LLP’s ‘very good’ team is headed by Garry Pegg, who has been advising Ghana National Petroleum Corporation (GNPC) on the $600m development of the Tema LNG project. Led by Philip Weems and of counsel Nina Howell, the group continued to advise Anadarko on all aspects of its $50bn Mozambique LNG export project. Other clients include Chevron, Angola LNG and GE Oil & Gas.
A ‘solid choice’, Latham & Watkins’ team is ‘particularly knowledgeable on financings’. ‘Excellent team head’ Dennis Nordstrom advised Nigerian National Petroleum Corporation (NNPC) as co-sponsor with Chevron in a $1.2bn drilling project. Simon Tysoe has been advising Bomin Linde LNG on a joint venture with SGD logistika to supply LNG to terminals in the North Sea and Baltic Sea. Craig Nethercott and Kem Ihenacho are also recommended.
Simmons & Simmons’ financing capabilities were strengthened by the arrival of Omar Al-Ali from Linklaters LLP. Adam Cooper has been advising IFC, the EBRD and Commercial International Bank as the lenders in the financing of a bulk liquids terminal for the import and storage of gas oil, LPG and LNG in Egypt. The team is led by Patrick Wallace.
Led by co-head Hywel Davies, Slaughter and May has been advising Premier Oil on the proposed $120m acquisition of E.ON’s assets. Andrew Johnson assisted INEOS with its successful bid for three shale gas licences in the East Midlands. Steven Galbraith also leads the team.
Sullivan & Cromwell LLP’s team has ‘real knowledge of the market’. The ‘sensible and commercial’ Stewart Robertson has been advising Yemen LNG on its $4.8bn upstream pipeline and LNG liquefaction project in Balhaf. Other highlights included advising on the Dolphin gas project and Baku-Tbilisi-Ceyhan pipeline refinancings. Clients also recommend the ‘hardworking’ Craig Jones and Jamie Logie.
At Berwin Leighton Paisner LLP, practice head Adam Dann and planning partner Tim Smith have been advising Halite Energy Group on all aspects of its £600m development of an underground gas storage facility in Lancashire. Segun Osuntokun leads on oil and gas disputes. The team was strengthened by Alexander Sarac’s arrival from DLA Piper. Mark Saunders has left.
DLA Piper’s team often handles Africa-related projects, and is adept in cross-border arbitration and litigation. Dimitri Papaefstratiou has been advising Unión Fenosa Gas and SEGAS as the sponsor and project company, respectively, on the SEGAS LNG project. Other clients include Gazprom, Sinopec and Oando. Charles Morrison heads the team. Matthew Saunders moved to Ashurst.
Headed by Abayomi Akinjide, Fasken Martineau LLP has been increasingly active on a broad range of African projects in jurisdictions such as Nigeria, Ghana and Cote d’Ivoire. The team includes Al Gourley, who specialises in complex corporate finance matters and M&A transactions. Clients include GMP Securities, Kea Petroleum and NNPC.
At Morgan, Lewis & Bockius UK LLP, practice head Lewis Jones has been advising BG Group as one of the lead sponsors on the development of a major LNG project in Tanzania. The team includes Olivier Chambord, who specialises in oil and gas transactions in francophone Africa, and David Waldron, who leads on disputes.
Led by practice head Scott Simpson, Skadden, Arps, Slate, Meagher & Flom (UK) LLP has been advising LetterOne on its $5.8bn acquisition of the oil and gas unit of RWE. Other clients include the Republic of South Sudan, Vitol and Helios Investment Partners. Douglas Nordlinger has retired.
For some, Stephenson Harwood’s ‘very proactive’ team is ‘top tier for oil and gas litigation’. ‘Very bright’ co-head Tony Concagh has been advising Opus Offshore on the deployment of a drillship to Samurai International Petroleum in the Gulf of Mexico. Stuart Beadnall and Tony Edwards also lead the team. Geoff Gouriet is now at Towergate Insurance.
Power (including electricity, nuclear and renewables)
Index of tables
Power (including electricity, nuclear and renewables)
- David Baker - White & Case LLP
- Jeremy Connick - Clifford Chance LLP
John Dewar -
Milbank, Tweed, Hadley & McCloy LLP
- Jeremy Gewirtz - Linklaters LLP
- John Inglis - Shearman & Sterling LLP
- Matthew Job - Herbert Smith Freehills LLP
- Jason Kerr - White & Case LLP
- Robert Lane - CMS
- Rob Marsh - Norton Rose Fulbright
- Richard Metcalf - Norton Rose Fulbright
- Charlotte Morgan - Linklaters LLP
- Mark Newbery - Herbert Smith Freehills LLP
- Tim Pick - Freshfields Bruckhaus Deringer LLP
- John Pickett - Linklaters LLP
- Gareth Price - Allen & Overy LLP
- Julia Pyke - Herbert Smith Freehills LLP
- David Wadham - Ashurst
- Matthew Williams - Orrick, Herrington & Sutcliffe (Europe) LLP
Allen & Overy LLP’s ‘very strong’ team often acts for clients ranging from governments, corporates and manufacturers, and has a particularly strong focus on the Nordic market. Co-head Gareth Price has been leading the group advising Infrastructure UK on all aspects of the financing and development of the Hinkley Point C nuclear power station in Somerset. Conrad Andersen and Parya Badie assisted a five-strong consortium of funders with the €360m acquisition of Adven by AMP Capital and Infracapital. Also recommended are fellow co-head Jeremy Parr and project finance expert Jocelyn Land, who was promoted to partner.
Ashurst fields ‘a top team’ that has broad sector expertise covering solar, wind, thermal, biomass, waste and nuclear, and has an extensive track record on large portfolio financings. Antony Skinner advised Barclays and Denmark’s export credit agency on the £138m financing of the 27.8MW Cramlington biomass plant in Northumberland. Other highlights included advising on the $2bn financing of phases 2 and 3 of the Noor solar plant in Morocco, as well as on Hinkley Point C. David Wadham leads the practice.
CMS fields a team of ‘very strong individuals who are knowledgeable on the law and the market’. Practice head Robert Lane has been advising longstanding client National Grid on the 1,000MW interconnector project between France and the UK. Munir Hassan, who leads the clean energy team, has been advising the Mexican Ministry of Energy (SENER) on its reform of the electricity industry in Mexico. Also recommended are corporate head Charles Currier, who ‘gives practical and commercial advice’, and Pieter Bekker and Nicholas Ross-McCall, who joined from Steptoe & Johnson and Ashurst, respectively.
‘First-rate in terms of industry knowledge and quality of advice’, Clifford Chance LLP excels in handling capital markets transactions, regulatory matters and energy disputes, with particular expertise in the solar market. The ‘thoughtful and supportive’ James Pay led the team advising sponsor RWE Innogy on all aspects of a £1.5bn 336MW wind farm in Suffolk, including assisting with the project financing, contract negotiations and construction issues. Group head Russell Wells advised a seven-strong consortium of banks as lenders on the $825m financing of the construction and operation of a 300MW coal-fired power plant owned by Maamba Collieries in Zambia. Jeremy Connick and Nicholas Hughes are also recommended.
Herbert Smith Freehills LLP’s ‘outstanding and dedicated’ group provides ‘excellent advice in all practice areas’. The well-regarded Julia Pyke has been advising on a number of landmark projects, including Hinkley Point C and the Tidal Lagoon (Swansea Bay) project. Martin Kavanagh has been advising the Government of Nepal on negotiations with a number of international developers regarding the development of six hydroelectric power projects valued in excess of $7bn. The team was strengthened by the arrivals of Simon Caridia from Linklaters LLP and former Secretary of State for Energy and Climate Change Sir Ed Davey as a consultant. Silke Goldberg is now a partner. Clients also recommend Matthew Job and Mark Newbery, who is now a consultant.
Linklaters LLP’s ‘approachable, professional and proactive’ practice is ‘a market leader on renewables’. Led by Matthew Daffurn and the ‘very informative’ John Pickett, it has been acting for the sponsor group in the £1.5bn financing of the Dudgeon Offshore wind farm. ‘Incredibly bright’ group head Jeremy Gewirtz and the ‘pragmatic’ Richard Coar advised Investec, EKF and Rabobank as the lenders on the £190m financing of a greenfield waste wood-fired biomass plant in Essex. Charlotte Morgan is also recommended.
Norton Rose Fulbright’s ‘highly capable’ practice continued to advise IFC on a number of international transactions, including its financing of a 800MW Kirikkale power station in Turkey alongside a group of other senior lenders. The ‘exceptional’ Rob Marsh advised Octopus Investments on its acquisition and financing of two onshore wind farms from RES. Practice head Richard Hill and Richard Metcalf have been advising the Government of Botswana and the Botswana Power Company on the international tender process regarding a 300MW coal-fired plant. Andrew Hedges is now a senior consultant.
Chadbourne & Parke (London) LLP’s practice is ‘experienced and responsive, with very good knowledge of the market’. The group’s international expertise covers the Middle East, Africa and Central and Southern Europe. ‘Outstanding’ co-head Agnieszka Klich led the team acting for ACWA Power on the $180m development, financing, construction and operation of the 120MW Khalladi wind farm in Morocco. Project finance expert Ben Donovan advised the Itezhi Tezhi Power joint venture between ZESCO and Tata on the $150m development and financing of a 120MW hydropower project in Zambia. The team was bolstered by the arrivals of Andrei Baev and Ursula Owczarkowski from Berwin Leighton Paisner LLP and DLA Piper, respectively.
DLA Piper provides ‘an outstanding level of service’ to clients ranging from governments, state-owned companies and investment funds, and is particularly renowned for its track record in Africa. ‘No-nonsense deal maker’ Natasha Luther-Jones advised BTMU on the financing of two Scottish wind farms owned by Velocita. The ‘very knowledgeable and experienced’ Nigel Drew, who heads the practice, advised Maamba Collieries on the development of a 600MW coal-fired station in Zambia. Clients also recommend the ‘business-oriented’ Dimitri Papaefstratiou.
Shearman & Sterling LLP’s ‘well-respected’ practice is considered ‘a go-to for complex transactions in emerging markets’. Highly regarded group head John Inglis has been leading the team advising a consortium of lenders on the $5bn 1,320MW Balkhash coal-fired thermal power plant in Kazakhstan. Clients also recommend the ‘brilliant’ Sanja Udovicic and ‘exemplary’ Nicholas Buckworth. Other clients include IFC, ACWA Power and Engie.
At Simmons & Simmons, Steven McNab is leading the team assisting NextEnergy Solar Fund with the £290m acquisition and development of a number of solar assets in the UK. Iain Duncan advised Mainstream Renewable Power on its $1.9bn joint venture with Actis to deliver between 700 and 900MW of wind and solar projects across Africa by 2018. The practice is headed by Patrick Wallace, who is noted for his ‘high level of expertise’.
Slaughter and May’s department handles the full range of energy matters, including M&A, financing, project development and energy disputes. Tim Pharoah led the team advising Dong Energy on its acquisition of the SMart Wind joint venture established between Mainstream Renewable Power and Siemens to develop offshore wind projects in the Hornsea Zone near Yorkshire. Steven Galbraith and Hywel Davies jointly lead the practice. Other clients include Centrica, Drax and Infinis.
The ‘exceptional’ group at White & Case LLP acts for a broad range of clients, including project developers, private equity firms, state-owned entities and financial institutions. The well-regarded Kirsti Massie, Caroline Miller Smith and Ellis Baker have been advising Star Capital Partners and Eurotunnel as the sponsors on a number of issues regarding the $500m interconnector project between France and the UK, including construction, financing and UK and EU regulations. Practice head Jason Kerr and David Baker are also recommended.
Headed by Hugh Stewart, Baker McKenzie LLP has a strong international offering. Neil Donoghue, who leads on nuclear matters, has been advising Korea Electric Power Corporation (KEPCO) on the financing and development of a $30bn nuclear power plant in the UAE. On the renewables and alternative energy side, Marc Fèvre has been assisting Rand Merchant Bank (RMB) with the $72m financing of a 16.5MW sugar cane waste biomass facility in South Africa. Other clients include Macquarie European Infrastructure Fund and EDF.
Led by the ‘well-connected and professional’ Tracy London, Bracewell (UK) LLP’s ‘excellent’ team has been advising a consortium comprised of Saudi Oger and Arabia Group on the development and financing of one of four 50MW solar power plants in Jordan. Co-head Julian Nichol has been advising Shams Ma’an as the project company on all aspects of its $400m solar photovoltaic project in Jordan. Other clients include Ophir Energy, BG Group and Alcazar Energy.
‘Always timely and knowledgeable’, Dentons’ ‘excellent’ practice has particular expertise in solar projects, and has been handling a growing number of offshore and onshore wind matters. The highly regarded Charles July advised Enbridge International on its $372m acquisition of a 24.9% stake in E.ON’s 400MW Rampion wind farm off the Sussex coast. Key names include Christopher McGee-Osborne and renewables expert Lucille De Silva. Tom Eldridge joined Mayer Brown International LLP and Alistair Black joined from Freshfields Bruckhaus Deringer LLP.
‘An excellent niche construction and energy firm’, Fenwick Elliott LLP’s clients include contractors, institutional investors, governments and consultants. The ‘extremely astute’ Jatinder Garcha has been advising VolkerFitzpatrick on the development of a waste-to-energy facility in Essex. Clients also recommend the ‘eloquent’ Nicholas Gould, who has ‘excellent advocacy skills’, and Simon Tolson, who heads the team.
Freshfields Bruckhaus Deringer LLP advises on the full spectrum of power matters, including regulatory issues, M&A, financings and disputes. Alex Carver, who heads the group, acts for sponsors and government authorities. The team includes project development and finance specialist Tim Pick and litigation expert Paul Bowden.
At Hogan Lovells International LLP, Andrew Briggs led the team advising Alstom on a number of big-ticket mandates, including the €12.4bn sale of its power and grid business to General Electric (GE) and the establishment of a number of joint ventures with GE in the electricity grid, renewable and nuclear sectors. Briggs and Andrew Gallagher have been advising EIB as the senior lender on the £172m Westermost Rough offshore wind farm joint venture between DONG Energy, Marubeni Corporation and Green Investment Bank. Adrian Walker heads the team.
Milbank, Tweed, Hadley & McCloy LLP acts for a range of clients including private equity and hedge funds, financial institutions and sponsors and developers. Co-head John Dewar and Stuart Harray led the team advising EIG Global Energy Partners on the £423m sale of its joint venture with Centrica to a consortium of funds managed by BlackRock and the UK Green Investment Bank Offshore Wind Fund. Phillip Fletcher also leads the team.
King & Wood Mallesons acts for a wide range of domestic and international clients, and has particular strength advising investors and infrastructure funds in the renewable energy sector. The ‘technically excellent and very approachable’ Rinku Bhadoria assisted a consortium led by Macquarie with the refinancing of a portfolio of power projects comprising the Severn power plants, Baglan Bay and Sutton Bridge. Practice head James Douglass and Ian Wood continue to advise key client China General Nuclear Power Group (CGN) on a number of European renewable projects, including its acquisition of a 45MW onshore wind farm in Wales. Neil Upton has retired.
Pinsent Masons LLP’s ‘pragmatic and experienced’ team was strengthened by the arrival of Gareth Phillips and his team from Watson Farley & Williams LLP. Infrastructure and energy finance expert Apicksha Patel advised Energy Works as the project company on the £200m financing of a waste-to-energy facility in Hull, which included assisting with structuring the financing route and negotiating fuel supply terms. Paul Rice and Stephen Tobin are also recommended. John Gilbert is now at K&L Gates LLP.
Trinity International LLP fields a team of ‘expert project finance lawyers’, which primarily advises on emerging markets transactions. Highlights included advising Access Uganda Solar Limited as the developer on a landmark 10MW solar project, which will be one of the largest solar plants in sub-Saharan Africa outside of South Africa. Key figures include newly promoted partner Jennifer Gladstone and Paul Biggs.
Watson Farley & Williams LLP’s ‘very good’ team has been advising Lightsource, M&G Investments and AMP Capital as the senior funders on the £247m financing of a portfolio of 33 solar farms owned by Lightsource. Henry Stewart led on that matter and has ‘good business acumen’. Practice head Evan Stergoulis assisted PNE Wind with the £100m sale of its UK wind farm project pipeline to Brookfield Asset Management. Andy Savage joined from Norton Rose Fulbright.
Bird & Bird LLP is noted for its ‘very good business awareness and excellent level of knowledge’, particularly within the solar sector. Practice head Matt Bonass led the team advising Bluefield Partners on a number of transactions, including its acquisition of Trina Solar’s 49.9MW solar farm in Norfolk, as well as disputes regarding the performance of solar panels on a number of farms. Clients also recommend Elizabeth Reid and the ‘outstanding’ Michael Rudd.
Clyde & Co LLP’s expertise spans a broad range of sectors, including nuclear and renewables, and the practice particularly stands out for construction-related issues. Robert Franklin has been leading the team advising DEG, FMO and Proparco on the financing of a 40MW solar photovoltaic plant in Kenya. The practice is headed by ‘strong negotiator’ Clare Hatcher and was strengthened by Richard Power and Stelios Coutsavlis’s arrival from Berwin Leighton Paisner LLP and Squire Patton Boggs, respectively.
Following its merger with Wragge Lawrence Graham & Co., Gowling WLG’s department is now headed by Derek Goodban, who is experienced in handling market transformation programmes, such as smart metering, as well as advising on regulatory frameworks. David Ponsford advised Grid Essence on the £68m sale and subsequent £40m refinancing of a portfolio of eight solar photovoltaic parks to Capital Stage. Other clients include the Department of Energy and Climate Change and the Development Bank of Southern Africa.
At Hunton & Williams, Kirk Lovrić is experienced in assisting a broad range of clients with projects in emerging markets, including governments, lenders and private investors. The team includes Ryan Ketchum.
‘Clean energy specialists’ Lux Nova Partners has a ‘high level of commercial awareness’ in the domestic market. ‘Very approachable’ co-head Tom Bainbridge advised Shamsuna Power Company as the developer on all aspects of its 10MW solar photovoltaic project in Jordan, including power purchase agreements, grid connection, equity investment and project finance. The ‘highly recommended’ Louisa Cilenti also leads the practice.
Macfarlanes LLP is noted for its ‘good industry knowledge’, which encompasses domestic and international transactions. The practice has an extensive track record in South African IPPs; ‘detail-oriented’ team head Scott Brodsky has been advising Sumitomo Corporation as the contractor on the construction of a 100MW gas-fired plant in Mozambique. Howard Corney is also recommended.
Orrick, Herrington & Sutcliffe (Europe) LLP ‘is strong across all renewable areas’, and is noted for its focus on transactions in the US and Africa. Anthony Riley led the team advising the NextEnergy Solar Fund on its acquisition of a portfolio of three solar projects from Hanwha Q Cells. The practice is jointly led by Alexander Janes and Matthew Williams, who joined from Hogan Lovells International LLP in 2015 along with John Deacon, Edward Humphries and Elisabeth Blunsdon.
Dominic FitzPatrick leads the team at Taylor Wessing LLP, which has been advising Conergy on the construction, development, acquisition and sale of a portfolio of solar projects with a combined capacity in excess of 150MW to a number of sellers. Other clients include Kenda Capital, Altaaqa Alternative Solutions and Tamar Energy.
Trowers & Hamlins LLP is noted for its expertise in power projects in the Middle East. Robert Beiley advised General Energy Solutions on the large-scale deployment of residential rooftop photovoltaic installations in the public sector, which is valued at £40m. The practice is jointly led by Tom Wigley and Christopher Paul, who specialises in energy schemes and procurement.
Index of tables
Allen & Overy LLP’s ‘pragmatic, commercial and responsive’ practice has a strong foothold in the UK water sector, where it advises on major M&A, as well as bank and bond financings. David Campbell advised Bank of Tokyo-Mitsubishi UFJ as documentation coordinator for a syndicate of 12 banks in a £900m revolving credit facility for Severn Trent Water Limited. Conrad Andersen heads the practice.
Malcolm Lombers and James Quinney lead Herbert Smith Freehills LLP’s practice, which is noted for its ability to provide ‘practical advice in difficult negotiations’. Infrastructure head Patrick Mitchell and finance partner David Wyles acted for the Bazalgette consortium on its successful bid to become the infrastructure provider for the Thames Tideway tunnel. Tim Briggs has ‘excellent industry knowledge’ and is also recommended.
Led by Julian Davies and Michael Cutting, Linklaters LLP has experienced an increase in M&A, project finance and regulatory mandates in the water sector. Mark Nuttall and Charlotte Morgan have been advising Thames Water on all aspects of Thames Tideway tunnel project. Other clients include Yorkshire Water and Affinity Water.
Berwin Leighton Paisner LLP’s group regularly handles finance, planning, environmental and regulatory matters. Oliver Glynn-Jones has been leading the team acting for key client Thames Water in a £55m dispute brought by the Canal & River Trust regarding Thames Water’s right to abstract water from the River Lee. Keith Stella is also recommended.
Greenberg Traurig Maher LLP’s team is headed by Gillian Sproul and Lisa Navarro, who is noted for her ‘very strong regulatory insight’. Navarro successfully acted for Bristol Water in a £128m dispute brought against Ofwat regarding set prices for 2015-19. Stephen Tupper left to found Tuppers Law.
At Pinsent Masons LLP, practice head Adrian Eakin advises on the procurement and operation of water, wastewater and waste infrastructure projects. Clients include United Utilities, Severn Trent and UK Flood Barriers.