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Ashurst

BROADWALK HOUSE, 5 APPOLD STREET, LONDON, EC2A 2HA, ENGLAND
Tel:
Work 020 7638 1111
Fax:
Fax 020 7638 1112
DX:
639 LONDON CITY EC3
Email:
Web:
www.ashurst.com
Abu Dhabi, Adelaide, Beijing, Brisbane, Brussels, Canberra and 20 more

Top-tier Firm rankings

Firm Rankings


London: Corporate and commercial

Commercial contracts
Commercial contracts - ranked: tier 3

Ashurst

Ashurst’s commercial contracts offering is a key part of the firm’s recently-established digital economy practice, which handles all issues associated with the digitalisation of businesses across multiple sectors. The practice gained momentum following the hire of digital economy group head Nick Elverston, who joined in 2016 from Herbert Smith Freehills LLP. Elverston has 25 years of commercial contracts experience, with particular expertise in the TMT sector, as well as the wider digital economy. Another arrival from the same firm was Amanda Hale. David Futter, who joined from Addleshaw Goddard, is an expert in the commercial contracts aspects of areas such as fintech and digital payments. Although outsourcing projects are a particular area of strength, the practice’s broader expertise covers long-term supply agreements, infrastructure and services contracts, and joint ventures, among other arrangements. The team also advises on related data compliance aspects. In 2016, Christopher Bates, Mark Lubbock and others counselled China General Nuclear Power Corporation on the technology-related commercial contracts associated with its £18bn investment into Hinkley Point C in Somerset. In another highlight, Lubbock assisted Wm Morrison Supermarkets with negotiating a 25-year agreement with Ocado in relation to online delivery service Morrisons.com. BP, Lockheed Martin and TfL are other notable clients at the firm, whose ‘great lawyers and commercial approach makes it an easy choice’.

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Corporate tax
Corporate tax - ranked: tier 3

Ashurst

Ashurst is ‘technically very good across all areas of tax, with a commercial and practical approach’, covering a range of funds, financial products, transactional tax and cross-border advisory work. The team has a notable presence in the energy and infrastructure sector, and Nicholas Gardner advised China General Nuclear Power Corporation regarding the tax aspects of an investment into Hinkley Point C, in addition to the establishment of a joint venture for the development of two other nuclear power stations. Gardner also acted for Spanish conglomerate Abertis Infraestructuras in relation to the tax structuring of the €948m acquisition of a 50% interest in a Chilean toll road from Alberta Investment Management Corporation. With experience in a huge range of corporate tax work, Alexander Cox is ‘truly excellent’ and assisted Inflexion Private Equity with the tax structuring in relation to the first and final closings of two new PE funds. Simon Swann specialises in real estate taxation, while Paul Miller handles the tax aspects of various financial products.

Leading individuals

Alexander Cox - Ashurst

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EU and competition
EU and competition - ranked: tier 2

Ashurst

The ‘responsive’ and ‘client-focused’ team at Ashurst provides ‘partner-led’ and ‘high-quality legal advice’ with a ‘very pragmatic and commercial approach’. Nigel Parr and Euan Burrows jointly head the practice, which is active across the range of competition law disciplines. Notable clients include Imperial Tobacco, Intel, Wm Morrison, and Royal Mail. Neil Cuninghame advised China General Nuclear on its £18bn investment into Hinkley Point C and the establishment of a UK partnership for the development of new nuclear power stations in Suffolk and Essex, which raised various antitrust, merger control, and state aid issues. Parr is acting for Lloyds Banking Group in relation to the CMA’s investigation into personal current accounts and SME banking. Duncan Liddell is advising Virgin Media on business connectivity market review appeals; he and counsel Charles Hammon are singled out as ‘very experienced, user-friendly, strategically astute advisers’. Ross Mackenzie is advising Direct Cash Payments on UK merger control aspects of its proposed acquisition by Cardtronics for $460m. The practice is also acting for Lloyds Banking Group in the Payment System Regulator’s market reviews of indirect access to payment systems and infrastructure provision.

Leading individuals

Duncan Liddell - Ashurst

Euan Burrows - Ashurst

Nigel Parr - Ashurst

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Equity capital markets
Equity capital markets - ranked: tier 1

Ashurst

With an even split of issuer and underwriter work and a deep specialism in the oil and gas sector, Ashurst is regularly involved in some of the largest London-market IPOs. Indeed, Karen Davies and Eric Stuart advised EnQuest plc, the largest independent UK oil producer in the North Sea, on the placing and open offer in multiple jurisdictions in connection with the client’s multibillion-dollar restructuring. Nicholas Holmes heads the equity capital markets practice and advised a syndicate of lenders, including Barclays and J.P. Morgan, on Countryside Properties’ successful £1.1bn main-market London IPO. Similarly, he acted for a group of leading investment banks in relation to the €815m block trade in Abertis Infraestructuras. Jennifer Schneck leads the firm’s US securities practice, and Nick Williamson is an active member of the equity capital markets group, who specialises in the energy and natural resources sectors. The department is instructed by issuers such as Time Out Group and Chesnara, while sponsor clients include UBS, Bank of America Merrill Lynch and Jefferies International.

Leading individuals

Jennifer Schneck - Ashurst

Nicholas Holmes - Ashurst

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Financial services
Financial services (contentious) - ranked: tier 2

Ashurst

Financial services (non-contentious/regulatory) - ranked: tier 2

Ashurst

Now led on the non-contentious front by James Perry, following the departure of Rob Moulton to Latham & Watkins in June 2016, Ashurst provides a ‘very strong service’ to a broad range of clients including banks, trading platforms, funds and clearing houses. Perry recently provided guidance on the implications of the Brexit vote to two major financial institutions in the immediate aftermath of the referendum result. Praised for his ‘up-to-date knowledge of rules and regulations’, Jake Green ‘really knows his stuff’ and provides ‘pragmatic and concise advice’ across a range of issues including the regulation of online trading where he recently advised Saxo Bank on the regulatory issues associated with its new robo-self divested platform. Senior associate Tim Cant has developed a strong reputation for MiFID-related advice and was recently a key member of the team that advised numerous buy and sell-side clients on issues related to the implementation of MiFIDII. Edward Sparrow spearheads the firm’s contentious offering and has overseen a team that has been busy across a broad variety of contentious regulatory work and litigation including representing financial institutions in the defence of accusations of market abuse, whistleblowing issues and conflict of interest, among other regulatory sensitive issues. Formerly head of litigation for EMEA at UBS, David Capps has an excellent perspective of the market and in addition to representing financial services clients in enforcement actions/investigations, is also well-versed in handling internal investigations and implementing risk management procedures. Tom Connor is also recommended across a range of financial services contentious matters including derivatives and structured product disputes, wealth management claims and general banking litigation.

Leading individuals

Edward Sparrow - Ashurst

Next generation lawyers

Jake Green - Ashurst

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Flotations: small and mid-cap
Flotations: small and mid-cap - ranked: tier 2

Ashurst

Ashurst’s highly regarded practice has longstanding relationships with Main Market and AIM-listed companies (it acts for more than 60 publicly quoted companies), and also advises global investment banks and brokers. In 2016, Nicholas Holmes led a team, which included senior associates Marianna Kennedy and Tara Waters, on the advice to Peel Hunt and Liberum Capital on Joules Group’s £140m AIM IPO. On the issuer side, a notable mandate involved David Carter, Dominic Ross, Alexander Cox and others acting for Time Out Group on its AIM IPO. Michael Robins acted for AIM-listed Atlantis Resources on its £6.5m placing of ordinary shares. Nick Williamson and Nick Bryans are also highly regarded. A hallmark of the practice is its strong US securities law offering; Jennifer Schneck, Eric Stuart and senior associate Jeffrey Johnson have expertise in this space. Simon Bullock recently made partner, while Jonathan Parry departed for White & Case LLP.

Leading individuals

Michael Robins - Ashurst

Next generation lawyers

Simon Bullock - Ashurst

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M&A: mid-market, £50m-£250m
Leading individuals

Adrian Clark - Ashurst

Karen Davies - Ashurst

Simon Beddow - Ashurst

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M&A: smaller deals, up to £50m
Leading individuals

Adrian Clark - Ashurst

Karen Davies - Ashurst

Simon Beddow - Ashurst

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M&A: upper mid-market and premium deals, £250m+
M&A: upper mid-market and premium deals, £250m+ - ranked: tier 3

Ashurst

Ashurst’s ‘technically creative, very commercial, solution-focused’ department ‘navigates tricky situations very well’. It frequently assists financial institutions, blue-chip corporates and natural resources and infrastructure clients with public and private M&A, and has been increasingly busy with reverse takeovers: Nick Williamson advised the publicly listed Shanks Group on its €482m purchase of Van Gansewinkel Group. The ‘very experienced, commercial, friendly’ James Wood is ‘top-drawer’, a ‘pleasure to deal with’, and ‘finds creative solutions to difficult issues’. He acted for M&G Investment on its acquisition of equity and debt interests in Alliance Medical, and on its subsequent disposal of the company to Life Healthcare. In the projects and infrastructure space – a key area of expertise for the firm – global corporate head Robert Ogilvy Watson acted for China General Nuclear Power on its investment in the £18bn Hinkley Point nuclear project, while Tom Mercer and the Madrid-based María José Menéndez advised Abertis Infrastructure on its €948m purchase of a 50% stake in Chile’s Autopista Central toll road, making Abertis the road’s sole owner. Karen Davies and ‘senior statesmen’ Adrian Clark and Simon Beddow are recommended. TMT experts Nick Elverston and Amanda Hale joined from Herbert Smith Freehills LLP in April 2016. Richard Gubbins retired in 2017.

Leading individuals

Adrian Clark - Ashurst

Karen Davies - Ashurst

Simon Beddow - Ashurst

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Private equity: transactions
Private equity: transactions – Large-cap deal capability - ranked: tier 3

Ashurst

Private equity: transactions – Mid-cap deal capability - ranked: tier 1

Ashurst

Ashurst handles every facet of mid-cap and large-cap deals for private equity investors, management teams, sovereign wealth funds and infrastructure funds. Its strong capabilities in investment fund formation and management, as well as banking and finance (particularly in leveraged and acquisition financing), complement the private equity practice. David Carter leads the core private equity team, which acted for Agilitas on the MBO of Exemplar Healthcare in 2016. In another highlight, Nick Rainsford and senior associate Braeden Donnelly were part of a cross-practice group assisting Liberty Hall Capital Partners with its $220m acquisition of AIM Aerospace. Karen Davies and Bruce Hanton are also recommended.

Next generation lawyers

Nick Rainsford - Ashurst

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VAT and indirect tax
VAT and indirect tax - ranked: tier 2

Ashurst

Specialising in VAT and SDLT, the indirect tax group at Ashurst is ‘always very responsive, and has good, in-depth knowledge of commercial and legal tax issues’. Simon Swann has extensive experience of real estate taxation and is ‘a great sounding board for complex problems’. In 2016, he advised Transport for London (TfL) subsidiary Rail for London on the SDLT implications of the devolution of London’s rail franchises to TfL. Paul Miller and the ‘knowledgeable and approachable’ senior associate Tim Gummer are assisting a major London real estate development client with ongoing VAT and SDLT issues arising from a multibillion-pound regeneration project. Additionally, the group provides ongoing strategic advice to such clients as Royal Mail Group, BAE Systems and Diageo Pension Funds. It also has a very active and specialised VAT disputes practice, which is involved in tax tribunal appeals and HMRC disputes, and represents clients such as Hastings Insurance Services, Bookit Limited and Gala Coral. Nicholas Gardner and Alexander Cox are also key contacts in the department.

Leading individuals

Simon Swann - Ashurst

Next generation lawyers

Tim Gummer - Ashurst

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London: Crime, fraud and licensing

Fraud: civil
Fraud: civil - ranked: tier 3

Ashurst

Ashurst is ‘very thorough and skilled in the field of civil fraud’, acting for a range of leading corporates and financial investigations in misappropriated asset recovery matters and conspiracy cases. Practice head Angela Pearson has ‘a strong commercial sense’ and ‘is very good at managing client relationships’; Lynn Dunne specialises in insolvency, restructuring and banking disputes; and Edward Sparrow undertakes a broad range of banking and regulatory work. Sparrow recently represented Nomura Bank International in a fraud matter arising from its structured project transaction with an international businessman, and Dunne defended Cerberus against allegations of unlawful conspiracy between the client and RBS. Other active clients include Anglo American, Daiwa and RoadChef.

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London: Dispute resolution

Banking litigation: investment and retail
Banking litigation: investment and retail - ranked: tier 2

Ashurst

Ashursthas a very strong reputation’. It regularly acts in large finance cases and the range of disputes on which it was recently instructed by banks included contractual interpretation issues; matters arising from restructurings and insolvencies; defence of senior individuals; and fraud-related matters. The team also regularly works alongside colleagues in other practice areas, including regulatory, derivatives, restructuring and competition. Highlights included defending Daiwa Capital Markets Europe against claims of breach of duty and dishonest assistance by Singularis Holdings. It acted for the former chairman of RBS in his defence of High Court proceedings against shareholders, who claimed damages against RBS and former directors of RBS; the claim involved the issue of an allegedly inaccurate prospectus for RBS’ rights issue. Other matters saw the team represent Credit Agricole CIB London Branch, a third party in English High Court proceedings, in relation to Taurus Petroleum’s attempt to enforce a final arbitration award that was made against State Oil Marketing Company of the Ministry of Oil (Republic of Iraq). David Capps is recommended for banking and finance-related disputes, financial regulatory enforcement matters and related investigations; Lynn Dunne ‘gets on very well with clients and takes a strategic view of litigation’; ‘One of the best commercial lawyers in London’, James Levy was appointed dispute resolution head in London in 2016; and Tom Connor is ‘a very intelligent partner, with a wealth of experience in investment banking disputes’. Edward Sparrow and Jon Gale are key names.

Leading individuals

Edward Sparrow - Ashurst

James Levy - Ashurst

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Commercial litigation
Commercial litigation - ranked: tier 2

Ashurst

Ashurst’s ‘top-notch team provides response times that are excellent and it excels in its willingness to listen to clients’. Much of its disputes work falls within the scope of financial services, energy and resources, and infrastructure (including construction). The team acted for Cerberus Capital, as third defendant, in proceedings involving a conspiracy by unlawful means claim. It also defended Gala Coral Group, which recently merged to become Ladbrokes Coral, against a damages claim for negligence, which case has significant implications for the gambling industry as it raises questions about the scope of the duty of care owed by the gambling industry to gamblers and their family. London dispute resolution department head James Levy is ‘dynamic, insightful and commercial’; Matthew Saunders is ‘a fine advocate and quick on his feet’. Simon Bromwich is global dispute resolution head; and Edward Sparrow, who was recently appointed chair of the City of London Law Society, is highly experienced.

Leading individuals

Edward Sparrow - Ashurst

Simon Bromwich - Ashurst

Next generation lawyers

Jessica Neuberger - Ashurst

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Competition litigation
Competition litigation - ranked: tier 3

Ashurst

Ashurst has built a reputation in the UK and throughout the EU as a defence firm that regularly acts in high-profile follow-on cases and regulatory appeals. Euan Burrows leads the contentious competition offering and is acting for Pirelli in follow-on damages claims brought by National Grid and Scottish Power arising from the EC’s decision in the power cables cartel. Global competition chair Nigel Parr acted for Intel in its appeal to the ECJ of the General Court’s decision to uphold the EC’s position that Intel had abused its dominant market position in the supply of computer microchips. Similarly, Duncan Liddell has been instructed by Virgin Media in a number of matters, including its role as an interested third party in the Commission’s investigation into Hutchinson 3G UK’s proposed acquisition of Telefonica UK. Mark Clarke joined White & Case LLP in 2016.

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International arbitration
International arbitration - ranked: tier 3

Ashurst

Ashurst’s ‘top-notch team is pragmatic, to the point, and responsive; it also represents value for money’. The practice’s expertise encompasses all the major international arbitration institutions and rules; and representative experience includes advising a construction company in an arbitration that related to the construction of a power plant. It also assisted a large chemicals company with a high-value projects-related arbitration. Matthew Saunders is ‘an authoritative, sharp lawyer, with a pragmatic, commercial mindset’; Tim Reid’s ‘ability to present both the legal and the business case assists clients in taking strategic decisions that may impact upon the arbitration proceedings’; Tom Cummins is ‘an intelligent, articulate, client-focused litigator’; and Ben Giaretta is highly regarded. Mark Clarke left for White & Case LLP.

Leading individuals

Matthew Saunders - Ashurst

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Tax litigation and investigations
Tax litigation and investigations - ranked: tier 3

Ashurst

Known for its ‘professionalism’, Ashurst’s tax practice has ‘a strong and increasing profile’ in the contentious tax space and ‘provides excellent support to clients and counsel, as well as informative expertise on substantive tax issues’. Department head Nicholas Gardner acted for Bookit Limited in tax tribunal litigation regarding a question of exemption from VAT. Simon Swann is ‘very savvy for real estate-related tax litigation’ and has acted for clients such as charity Longridge on the Thames. ‘An excellent communicator’, Alexander Cox has handled VAT litigation for Gala Coral in the Upper-Tier Tribunal. The group also acts for individual clients and Paul Miller is advising Paul Newey in a tax tribunal case regarding HMRC’s demand for VAT and tax penalties in relation to the client’s business, Ocean Finance. Richard Palmer is a consultant with the department and other notable clients include Hastings Insurance Services.

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London: Finance

Acquisition finance
Acquisition finance - ranked: tier 2

Ashurst

Although it is largely absent from deals in the market that contain a US nexus and a high yield element, Ashurst’s ‘very responsive’ team has stayed ‘really up to date on the prevailing market conditions’ impacting UK and European leveraged finance deals, in particular, and is recognised as a ‘market leader on unitranche deals’ as a result of close ties with leading non-bank lenders including Haymarket Financial and BlueBay Asset Management, amongst others. Helen Burton (‘excellent at handling leveraged finance transactions’) has developed a particularly strong reputation in the credit fund and unitranche space; her recent work includes advising CVC Credit Partners on a unitranche facility to Bregal Freshstream for the acquisition of Verwater from Infestos. Ross Ollerhead provides ‘technically strong and commercial advice’ to direct lending clients including Crescent Capital, which he advised on the subordinated debt facilities it provided to support HgCapital’s acquisition of The Foundry. The team also has a strong reputation among banking and private equity clients, for which it handles deals in the mid to upper-mid market, where RBS, HSBC and Charterhouse Capital Partners are core clients. Paul Stewart recently advised Charterhouse Capital Partners on the covenant-lite financing implemented to facilitate its acquisition of Coopération Pharmaceutique Française SAS and subsequent bolt-on acquisition of the Vemedia Group. Nigel Ward and the ‘unflappable and impressive’ Jane Fissenden are both increasingly active for banks and sponsors in relation to the financing of infrastructure assets. Other recommended partners include Mark Vickers, Martyn Rogers, Tim Rennie and Paul Stewart.

Leading individuals

Mark Vickers - Ashurst

Nigel Ward - Ashurst

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Bank lending: investment grade debt and syndicated loans
Bank lending: investment grade debt and syndicated loans - ranked: tier 3

Ashurst

Ashurst provides a ‘responsive and commercial’ service to a balanced array of corporates and lenders including Aveva plc, Amey, HSBC and Bank of America Merrill Lynch. James Collis’s renewed focus on fee-earning work, following several years as the firm’s managing partner, and the arrival of the vastly experienced Dave Rome from RBS (where he headed its EMEA loan markets division), has enhanced the firm’s profile in this are. The ‘excellent’ Nicholas Moore advised RPC Group on the £770m revolving credit facility, used to part finance the takeover of British Polythene Industries. Moore also advised a syndicate of five banks co-ordinated by MUFG, on a £200m bridge term loan facility for the Go-Ahead Group. Working alongside the firm’s corporate/M&A group, the banking team has an excellent reputation advising investment banks on the debt aspects of cash confirmations for listed company acquisitions. The ‘excellent’ Tim Rennie advised Deutsche Bank as financial adviser to Twenty-First Century Fox in relation to the proposed acquisition by Twenty-First Century Fox, of the shares of Sky plc that it does not already own. Senior associate Darren Phelan specialises in cross-border investment grade/corporate lending matters for both borrowers and lenders; his expertise within the investment grade space was recently enhanced by his secondment with MUFG in its EMEA syndications and origination team. Nick Wong is noted for his work on behalf of lenders and borrowers on the financing of acquisitions within the insurance sector. Lee Doyle, Martyn Rogers and Mark Vickers are also recommended.

Leading individuals

Nicholas Moore - Ashurst

Next generation lawyers

Darren Phelan - Ashurst

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Commodities: derivatives
Commodities: derivatives - ranked: tier 2

Ashurst

Ashurst has a global commodities practice in which the London office plays a central role. Its partners have extensive experience in derivatives and commodities trading matters and the firm represents traders, producers and investment banks in physically-settled and cash-settled hedging transactions. OTC derivatives specialist James Coiley is routinely called on to handle regulatory matters and is leading a project for Bank of America Merrill Lynch for the novation of guaranteed and collateralised intra-group commodity contracts. He is also assisting Institutional Secured Funding (Jersey), an ABCP programme sponsored by Cantor Fitzgerald, on documentation for a commodities financing programme for spot metals trades. Other key mandates include assisting Merrill Lynch International with a review of all commodity due diligence and netting opinions on a global basis, which requires the co-ordination of derivatives and regulatory teams in multiple jurisdictions. Jonathan Haines is leading that project with support from Antony Skinner and counsel Kerion Ball. Chris Georgiou left the firm to help establish the Condor Legal Solutions initiative run by Fieldfisher.

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Corporate restructuring and insolvency
Corporate restructuring and insolvency - ranked: tier 3

Ashurst

Knowledgeable and up-to-date on industry trends’, Ashurst’s seven-partner team acts for a broad spectrum of stakeholders including banks, distressed investors, corporates and IPs on cross-border restructurings/insolvencies. Team head Giles Boothman has recently been involved in numerous energy-related mandates including his representation of UK oil producer EnQuest on its complex $2.5bn restructuring (involving as it did senior debt, high yield bonds, retail notes and the simultaneous equity raise). Dan Hamilton advised Bank of Scotland on the sale of Aston Student Village to an entity controlled by Unite and GIC.

Leading individuals

Dan Hamilton - Ashurst

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Debt capital markets
Debt capital markets - ranked: tier 2

Ashurst

Ashursthas a strong debt practice that is quick and responsive, with good commercial acumen and industry knowledge’. Head of debt capital markets Anna Delgado is ‘efficient and understands the commercial aspects of her clients’ requirements, while being fully up-to-date with all new legislation; her client-care skills are second to none’. Derwin Jenkinson, who has a prominent presence in infrastructure bonds, ‘has exceptionally strong technical knowledge but is also pragmatic and helps to push deals forward’. Francis Kucera has wide-ranging expertise in international securities work in both debt and equity transactions, and newly promoted partner Alexander Biles has a broad practice covering infrastructure and project bonds, regulatory capital matters and liability management transactions. Counsel Christopher Hardingham is ‘knowledgeable, practical and has a great understanding of clients’ needs; he is second to none when it comes to EMTN programmes’. Recently promoted partner Malcom Charles leads the corporate trust and agency team. The firm’s standout deals included advising BP Capital Markets on a £400m issue of convertible bonds linked to BP shares; advising joint lead managers including Citigroup and HSBC on a €1.25bn sovereign bond issued by the Republic of Croatia; and advising solicitation agents JPMorgan Securities, Citigroup Global Markets and Bank of America Merrill Lynch on consent solicitation for ICAP plc’s bonds.

Leading individuals

Anna Delgado - Ashurst

Derwin Jenkinson - Ashurst

Next generation lawyers

Alexander Biles - Ashurst

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Derivatives and structured products
Derivatives and structured products - ranked: tier 2

Ashurst

Ashurst has ‘partners with strong technical knowledge who are present on deals, which is not the case with every firm’. The firm is a leading provider of advice on structured products platforms and it has a quality client base that includes Bank of America Merrill Lynch, Barclays, Citigroup, Credit Suisse and Goldman Sachs. The firm also has a prominent asset repackaging practice, recognised strength in all derivatives asset classes, and an in-depth understanding of the changing regulatory environment for derivatives and structured products. Michael Logie leads the team and is ‘strong on structured products’, and recently advised global investment banks on the Consumer Rights Act and its impact on contract terms under their structured products and repackaging programmes. James Coiley and Jonathan Haines, who focuses on OTC derivatives and advises the leading dealers in the market, are ‘key partners in the structured finance space’. Derivatives specialist Adair Gordon-Orr ‘has a very calm approach but good knowledge across a range of transactions and a commercial approach that ensures negotiations do not become too protracted’. Gordon-Orr is a key adviser to major banks o complex asset finance transactions and bespoke credit and market risk transfer matters. Partner Jasmine Tiw, counsel Kerion Ball and senior associate James Knight are also recommended. Haines, Ball and Knight played lead roles in a large team that advised Deutsche Bank on the global implementation of margin rules for uncleared OTC derivatives.

Leading individuals

James Coiley - Ashurst

Jonathan Haines - Ashurst

Next generation lawyers

James Knight - Ashurst

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Emerging markets
Emerging markets - ranked: tier 4

Ashurst

Ashurst has a long list of partners with experience in emerging markets financing and capital markets transactions. Debt and equity capital markets specialist Francis Kucera has wide-ranging expertise in international securities work, with a particular emphasis on financings in Eastern Europe and the CIS region. Corporate partner Sergei Ostrovsky leads the firm’s Russia and CIS practice and advises on debt and equity deals, fundraisings and M&A transactions. Cameron Smith specialises in infrastructure and energy projects in both the UK and emerging markets. He has a particular niche in waste, biomass and tidal projects and a track record of deals in Africa and Asia. Joss Dare is recommended for transport and infrastructure projects including rail, ports, roads, airports, health and education developments in the MENA region and India. Richard Gubbins has more than ten years’ experience in corporate finance deals in India. Global head of utilities David Wadham has advised on projects in the Middle East and North and sub-Saharan Africa, and his practice encompasses gas, coal, oil, solar, wind, tidal and nuclear power projects.

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Islamic finance
Islamic finance - ranked: tier 1

Ashurst

Ashurst is instructed by lending and investment banks, asset managers and funds clients and advises across a range of sukuk, murabaha, project finance, real estate, securities and project funds transactions. Abradat Kamalpour, the global head of the firm’s Islamic finance group, also jointly leads the Iran practice and continues to play a significant role in opening the post-sanctions Iran market to international investors. In the funds space, Kamalpour is advising a UAE asset manager with the establishment of a £250m shari’ah-compliant European real estate investment fund, and is also assisting a US fund manager with the structuring and implementation of the first ever shari’ah-compliant credit fund. Another market first, the London team is working alongside the firm’s Chinese partners in relation to the first ever semi-sovereign sukuk from mainland China. Indeed, the team often works closely with its colleagues in Asia and the Middle East, and Kamalpour is coordinating a UK/Saudi Arabian team that is advising a group of US sukuk holders in relation to a sukuk that has entered into litigation in Saudi Arabia; this will serve as a test case for the enforcement by foreign lenders of Saudi borrower obligations in the Saudi Arabian legal system.

Leading individuals

Abradat Kamalpour - Ashurst

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Securitisation
Leading individuals

Michael Smith - Paul Hastings LLP

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London: Human resources

Employee share schemes
Employee share schemes - ranked: tier 5

Ashurst

Ashurst’s team is well versed in standalone work as well as the incentives aspects of transactional and restructuring matters. Highlights in 2016 included advising Siccar Point Energy on share scheme issues related to its $1bn acquisition of OMV. Of counsel David Baxter, who heads the practice following his arrival from consultancy Aon Hewitt, advised EnQuest on its existing schemes and related disclosure issues in the context of a major restructuring. The team includes associate Rebecca Servian.

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Employment: employers and senior executives
Employment: employers - ranked: tier 5

Ashurst

The ‘excellent’ team at Ashurst has significant experience handling matters with cross-border elements and has seen an increase in investigations and whistleblowing claims. The ‘highly experienced’ Crowley Woodford, who now leads the team following Caroline Carter’s retirement, advised Siccar Point Energy on the employment aspects of the company’s $1bn acquisition of North Sea assets from OMV. Woodford also acted for China General Nuclear Power Corporation (CGN) on secondment arrangements arising from its joint venture with EDF Energy in Hinkley Point C. Other recent highlights include acting for Gala Coral on the employment issues arising from its £2.3bn merger with Ladbrokes, including negotiations of terms with senior management. Mitsui & Co, Nomura and Macquarie are also clients.

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Pensions
Pensions (non-contentious) - ranked: tier 4

Ashurst

Pensions: dispute resolution - ranked: tier 3

Ashurst

Ashurst’s ‘well-organised’ team ‘punches above its weight’ across the full gamut of pensions matters for both corporates and trustees, with particular strength in the projects and energy arena. Practice head Marcus Fink, who is a ‘strong negotiator’ and has ‘an excellent understanding of relevant issues’, led advice to China General Nuclear Power Group on the pensions aspects of the construction of Hinkley Point C. Fink also advised Macquarie Capital and Greenergy on aspects of their acquisition by Navigator Terminals, including defined-benefit issues. Angela Pearson, who leads the pensions litigation team, has been acting for First Data in the high-profile Dutton v FDR Ltd case, concerning pension increases under the governing documentation of the FDR Limited Pension Scheme. Senior associates Andy Wright and Lindsey Roberts are also recommended, for non-contentious and contentious matters respectively.

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London: Insurance

Insurance: corporate and regulatory
Insurance: corporate and regulatory - ranked: tier 2

Ashurst

The ‘excellent’ team at Ashurst is headed by Adam Levitt, who advises on M&A transactions, restructurings, capital raisings and portfolio transfers under the Financial Services and Markets Act 2000. Other key practitioners include David Page, who specialises in the financial services and general insurance space, and James Perry, who advises on corporate governance and regulatory capital issues. Highlights for the group included advising Chesnara on its firm placing and open offer with respect to the €160m acquisition of Legal & General Nederland, and acting for Hannover Re in its reinsurance of longevity risks by way of three separate agreements with Rothesay Life. Other active clients include Aviva, Pacific Life Re and Delta Lloyd.

Leading individuals

Adam Levitt - Ashurst

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Product liability: defendant
Product liability: defendant - ranked: tier 5

Ashurst

Ashurst’s Edward Sparrow became practice head following Mark Clarke’s move to White & Case LLP. In other personnel changes, Sophie Law was promoted to senior associate and has expertise in a range of matters, including health claims pertaining to smoking and product safety advice. The group shines in tobacco sector work and represents Imperial Brands in international litigation relating to conventional tobacco products, and e-cigarettes and other non-conventional tobacco products. Highlights included defending the company’s Moroccan subsidiary in a claim brought by the heirs of a deceased individual, who passed away from lung cancer that was allegedly caused by smoking.

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Professional negligence
Professional negligence - ranked: tier 4

Ashurst

Ashurst’s ‘impressive’ department includes ‘a number of very experienced litigators, who are also a pleasure to work with’ and specialises in handling a variety of negligence disputes for clients in the financial services sector. The group defended Daiwa Capital Markets Europe against a $200m claim for breach of duty and dishonest assistance by Singularis Holdings and is defending Gala Coral against a £2m claim brought by Nadia Isaacs alleging a duty of care breach. Practice head James Levy ‘often brings a different perspective to strategic decisions’; Lynn Dunne regularly acts for large financial institutions and insolvency practitioners; and Edward Sparrow is another key name. Senior associate Lauren Bernard ‘doesn’t shy from taking the big decisions, and is also on top of the detail’.

Leading individuals

James Levy - Ashurst

Next generation lawyers:

Lauren Bernard - Ashurst

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London: Investment fund formation and management

Listed funds
Listed funds - ranked: tier 4

Ashurst

Ashurst advises global investment banks on significant capital-raisings by listed funds. Nicholas Holmes advised Jefferies International and Akur on Tritax Big Box REIT’s placement of ordinary shares, which raised around £100m; the fund invests in a range of logistics parks in the United Kingdom. Holmes also advised Stifel Nicolaus on a secondary offering by Foresight Solar Fund.

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Private funds
Private funds - ranked: tier 3

Ashurst

Ashurst’s Piers Warburton advised Inflexion on the genesis of Inflexion Private Fund IV, which raised £250m, as well as a similar-sized supplemental fund to act alongside two of the manager’s other funds. Nick Goddard’s practice includes debt and infrastructure fund work – he advised Aviva Investors on the launch of a significant Luxembourg-domiciled fund investing in range of private debt, as well as Equitix on Equitix Fund IV, a £750m infrastructure fund. More international highlights included Warburton’s advice to ICG on the launch of ICG Asia Pacific Fund III, a $1bn debt fund. Other clients include well-known banks.

Leading individuals

Piers Warburton - Ashurst

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Real estate funds
Real estate funds - ranked: tier 2

Ashurst

The real estate funds that Ashurst works on cover a range of asset classes ranging from commercial property, housing and real estate debt. Nick Goddard, in addition to work concerning more traditional real estate funds, advised Aviva Investors on an open-ended direct lending fund, partially investing in real estate debt, targeted at insurance companies and pension-sector limited partners. Alexander Cox acted for Tritax on the formation of Tritax Property Income Fund, an open-ended Jersey Property Unit Trust (JPUT), while in the listed real estate funds space, Nicholas Holmes advised Jeffries International and Akur on Tritax Big Box REIT’s £350m capital raising. The team also has Islamic real estate finance expertise. Other clients include Knight Frank Investment Management and CapMan.

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London: Projects, energy and natural resources

Infrastructure (including PFI and PPP)
Infrastructure (including PFI and PPP) - ranked: tier 1

Ashurst

Ashurst’s infrastructure offering was recently bolstered by the arrival of Jason Radford from the New York office and Yann Alix from Herbert Smith Freehills LLP; the team acts for clients such as Babcock, Balfour Beatty and Crossrail. Philip Vernon is global co-head of corporate projects and recently worked alongside Patrick Boyle to advise the Education Funding Agency on the privately financed element of the £2bn Priority Schools Building Programme, while Logan Mair acted for a preferred bidder in a proposed waste to energy facility project. The team’s key contacts also include finance specialist Nikhil Markanday and Jan Sanders, who works in the corporate team and specialises in infrastructure M&A. Senior associates Gaby Jones and Aaron Shute focus on domestic and international M&A work; Jones advised a public sector entity on several secondary school developments, and Shute handled, for Abertis, the acquisition from AIMCo of a 50% interest in the Autopista Central toll road in Chile.

Leading individuals

Mark Elsey - Ashurst

Patrick Boyle - Ashurst

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Mining and minerals
Mining and minerals - ranked: tier 2

Ashurst

Ashurst’s ‘outstanding’ mining team displays ‘excellent knowledge of the sector’ under the leadership of the London-based Michael Robins, who specialises in corporate finance and M&A work. ‘Very commercial’ corporate partner Yann Alix, who recently joined the practice from Herbert Smith Freehills LLP’s Paris office, has ‘an unrivalled knowledge of the African market’; he leads the advice to BHP Billiton on its interest in the Nimba project in Guinea. In other work highlights, Robins acted for Iluka on its takeover of Sierra Rutile; Nick Williamson advised the joint book-runners on the equity fundraising for AIM-listed Sirius Minerals to finance the development of its polyhalite project in North Yorkshire; while Tom Mercer assisted Vedanta with the $2.3bn merger of its subsidiaries as part of its initiative to simplify its corporate structure. Dispute resolution expert Matthew Saunders joined from DLA Piper.

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Oil and gas
Oil and gas - ranked: tier 1

Ashurst

The ‘dedicated and responsive’ team at Ashurstis excellent in terms of technical skills, availability, commercial flexibility and preparation’ and ‘has strong integrated knowledge in LNG’. The practice was recently strengthened by the arrival of new Africa group head Yann Alix from Herbert Smith Freehills LLP and dispute resolution specialist Matthew Saunders from DLA Piper. Recent highlights include advising EnQuest on its financial restructuring, which involved the amendment and restatement of a revolving credit facility, the exchange of high yield notes for new ones, and the amendment of the terms governing retail notes. Nikhil Markanday, whose ‘expertise in international transactions is remarkable’, together with global oil and gas co-head Philip Thomson, whom clients praise for his LNG expertise, is advising the EIB on the project financing of the Trans Adriatic pipeline project. In an illustration of the firm’s track record in private equity deals, Michael Burns acted for Siccar Point Energy, backed by Blackstone and Blue Water Energy, on its $1bn acquisition of OMV’s UK North Sea business, which was the largest private equity-backed deal in the European upstream sector since the financial crisis. In another key matter, Huw Thomas assisted Lundin with a seven-year secured revolving credit facility of up to $5bn, to fund its Sverdrup project in Norway.

Leading individuals

Geoffrey Picton-Turbervill - Ashurst

Michael Burns - Ashurst

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Power (including electricity, nuclear and renewables)
Power (including electricity, nuclear and renewables) - ranked: tier 1

Ashurst

Ashurst’s power practice is ‘a very competent and growing force’ that attracts praise for its ‘strong expertise, especially in portfolio financing in solar energy projects’ and ‘good strength in depth’. David Wadham heads the firm’s EMEA utilities team and is leading advice to China General Nuclear Power Corporation with regards to the £18bn Hinkley Point C nuclear plant project, while head of renewables Antony Skinner acted for the lenders to Magnetar Solar in connection with the financing of a solar portfolio in the UK. Other highlights for the practice included advising BEIS on the procurement, construction, development and financing of the Swansea Bay tidal lagoon project, and Nick Stalbow’s advice to Wheelabrator in connection with its combined heat and power energy from waste facility in Kent. Matthew Saunders, who recently joined from DLA Piper, handled SCC proceedings arising from a contractual dispute relating to smart meters. Senior associate Nacim Bounouara specialises in project financing and development work.

Leading individuals

David Wadham - Ashurst

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London: Real estate

Commercial property
Commercial property: development - ranked: tier 1

Ashurst

Commercial property: general - ranked: tier 1

Ashurst

Commercial property: hotels and leisure - ranked: tier 2

Ashurst

Commercial property: investment - ranked: tier 1

Ashurst

Commercial property: retail - ranked: tier 2

Ashurst

At Ashurst, the ‘service level for high value acquisition and development work is excellent’ and 2016 saw the team leverage off the firm’s strong international presence to advise on a range of high-value transactions. David Jones, who heads up the real estate capital markets group, advised on a number of deals emanating from North America, including acting for key client Oxford Properties on the £198m joint venture acquisition (with RLG Real Estate) of 48-50 New Bond Street from Scottish Widows. The team was also busy on various mandates from the Asia-Pacific region, including advising Poly Real Estate on the £146m structured acquisition of 5 Fleet Place from ADIA. In the development sub-sector, planning specialist Trevor Goode and senior associate Tim Regis (whose ‘knowledge is second to none’), acted for Greenland Group on the redevelopment of the Spire in London’s Canary Wharf; and global practice head Hugh Lumby continued to advise Westfield on phase 2 of the Westfield London development in White City. In another retail-related development scheme, the ‘very good’ Richard Vernon, who leads the London team, assisted Stanhope with the redevelopment of land at Elwick Road, Ashford. The practice’s hospitality client base includes the likes of the Ritz Hotel, and one recent mandate saw head of development Melanie Jordan advise The Berkeley Group on the City Forum regeneration at 250 City Road, which includes a significant hotel site. In other highlights, the team acted on one of the largest sale and leasebacks of the last few years, with Sarah Sivyour and Henry Moss assisting BP with the £300m sale and leaseback of its Sunbury office campus. The practice was weakened on the investment side by the loss of both Darren Rogers and Patrick Williams to Fried, Frank, Harris, Shriver & Jacobson (London) LLP.

Leading individuals

David Jones - Ashurst

Hugh Lumby - Ashurst

Next generation lawyers

Tim Regis - Ashurst

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Construction: contentious and non-contentious
Construction: contentious - ranked: tier 3

Ashurst

Construction: non-contentious - ranked: tier 2

Ashurst

Ashurstbrings a big city firm approach to construction litigation’, and the team ‘handles a good mix and breadth of domestic and international disputes’. Head of practice Tim Reid, who is ‘utterly unflappable, calm and insightful’, is advising on a number of infrastructure and energy-from-waste projects; and global head of dispute resolution Simon Bromwich, who is ‘very good at strategy’, is handling various major PPP disputes for both consortia and local authorities. Another name to note on the contentious side is senior associate Jessica Neuberger, who is ‘very bright and knows her subject matter really well’. The practice’s ‘client focused and collaborative’ non-contentious offering was particularly busy on development mandates for developers such as British Land, Westfield and Stanhope; ‘superb lawyer’ Matthew Bool ‘provides a unique level of assurance and guidance’ and is advising Hines on all construction elements of the extension and refurbishment of 25 Cabot Square in Canary Wharf. Bool also continued to advise Kennedy Wilson on the construction aspects of the planned 200,000 sq ft redevelopment of Friar’s Bridge Court in central London. In another piece of major development work Ben Patton is acting for Westfield on all construction aspects of its ongoing asset-enhancement works at the £2.3bn Westfield London development at White City in London. The team also saw involvement in several domestic energy projects, with Michael Smith, who impresses with his ‘industry knowledge and experience’, advising NuGen on the development of the 3.8GW Moorside Nuclear Power Project, and also acting on the construction elements of the 43MW Kemsley energy-from-waste plant in Kent.

Leading individuals

Tim Reid - Ashurst

Next generation lawyers

Jessica Neuberger - Ashurst

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Environment
Environment - ranked: tier 4

Ashurst

Ashurst’s team is ‘very strong in the cross-over between commercial and environment’, with corporate specialist Nick Stalbow singled out for his work on high-quality PFI, waste and energy from waste work; Stalbow acted for Wheelabrator Technologies in relation to the design, construction, financing, operation and maintenance of a combined heat and power energy from waste facility in Kemsley, England. The practice underwent some change at the top, with counsel Eleanor Reeves – who is ‘excellent on the detail of environmental law and regulation, and a good lateral thinker’ – joining from Dentons to replace Andrew Waite as head of the practice. Reeves’s expertise in enforcement matters has added additional depth to the team; her recent highlights include acting for a global industrial operator following pollution of a watercourse adjacent to one of the client's UK industrial facilities. In other highlights, the team advised China General Nuclear Power Corporation on the environmental aspects of various deals including its investment into Hinkley Point C, as well as a joint venture designed to bring Chinese nuclear technology to the UK for future projects.

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Planning
Planning - ranked: tier 2

Ashurst

Ashurstprovides superb legal advice whilst never losing sight of the reality of its clients' commercial objectives’. The team enjoys a strong public and private sector following that includes the likes of TfL and Grosvenor. ‘Great strategist and statesman’ Trevor Goode, who leads the team, handled a number of significant planning applications for the Greater London Authority (GLA), including advising the Mayor of London on the grant of planning approval for the £500m residential-led redevelopment of the Westferry Printworks site. Goode was also assisted Berkeley St James with the promotion of a compulsory purchase order (CPO) to facilitate Berkeley's regeneration of the former Southall Gasworks site. The other key player in the team is Lucy Thomas, whose caseload included representing Westfield on the extension to its development at Stratford City, and successfully defending BAE Systems in judicial review challenges to its regeneration scheme at Filton, Bristol. Below partner level, names to note include senior associate Charles Reid, who has ‘all the details at his fingertips’, and counsel Eleanor Reeves, who joined from Dentons.

Leading individuals

Trevor Goode - Ashurst

Next generation lawyers

Charles Reid - Ashurst

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Property finance
Property finance - ranked: tier 1

Ashurst

The team at Ashurst handles the full range of property finance matters, including development finance, acquisition finance, high-value European loan-portfolio acquisitions, debt fundraising and complex refinancing. Sarah Watkinson, an expert in pan-European investment and development finance, heads the practice jointly with Ruth Harris; Watkinson advised an SPV on financing its €320m acquisition of a portfolio of non-performing loans from the National Asset Management Agency, with financing provided by Morgan Stanley Bank. Harris assisted an asset management firm with a £280m notes issuance, comprising senior and mezzanine notes, to refinance an earlier bridge facility. She also advised CECIF LUX Bidco 1 on financing its €120m purchase of a seed portfolio comprising three Dutch property companies. Major banks also frequently instruct the practice: Harris advised RBS and Deutsche Pfandbriefbank on the £127m financing of the Manhattan Loft Gardens development in Stratford, London. Banking expert Tim Rennie, who is noted for his experience in leveraged finance, acted for a property developer on on a £150m credit facility. Jessica Jenner assisted Oxford Properties with a refinancing of King Edward Court – location of the London Stock Exchange’s headquarters – that involved a £158m facility from DekaBank Deutsche Girozentrale and a £76m facility from PGIM Real Estate Finance. Kildare, Nomura, Blackstone, Crédit Agricole and Santander are other representative clients. Senior associates Victoria Tarr, Mitch Ingham and Sarah Winter are also recommended.

Leading individuals

Ruth Harris - Ashurst

Sarah Watkinson - Ashurst

Next generation lawyers

Jessica Jenner - Ashurst

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Property litigation
Property litigation - ranked: tier 2

Ashurst

Iain Travers heads the practice at Ashurst, which provides ‘an excellent service across the board’. The team’s expertise in this space spans right of lights issues, break options, restrictive covenants, dilapidation claims, insolvency issues and contractual terminations. Travers is defending Greenland against an overage claim arising from the purchase of a development site. Other highlights include acting for Westfield in a dispute pertaining to a compensation claim concerning proposed bridge access for the stadium and shopping centre at Stratford shopping centre, representing Deutsche Asset Management in rent review litigation and assisting BAE Systems with the termination of a contract for the sale of multiple airfield sites. Counsel Mark Race is ‘a first-class litigator with a robust, commercial, tenacious and creative manner’ that makes him ‘a first port of call for many clients’. Transport for London, British Land, IBM and Diageo Pension Trustees are also clients.

Leading individuals

Iain Travers - Ashurst

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London: Risk advisory

Regulatory investigations and corporate crime
Regulatory investigations and corporate crime - ranked: tier 2

Ashurst

Ashurst has ‘a significant practice advising corporates in relation to internal investigations, anti-corruption and anti-money laundering issues’, and has a notable focus on the oil and gas, energy, infrastructure and defence sectors. The firm utilises its global network to provide anti-corruption advice on risks relevant to various jurisdictions, and has a strong track record in acting for corporates and financial institutions in relation to financial irregularities, fraud and money laundering. The ‘simply excellent’ Angela Pearson heads the department, and is ‘very clever and careful whilst also recognising the commercial realities of each matter’. David Capps is the name to note for banking and finance disputes.

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London: TMT (technology, media and telecoms)

IT and telecoms
IT and telecoms - ranked: tier 3

Ashurst

Ashurst’s team acts for clients including BP and Hewlett Packard Enterprise. Nick Elverston, who heads the digital economy group, stands out for his ‘understanding of the impact of the latest trends’. He recently advised Telefónica UK on its tender for one of the lots in the Home Office’s emergency services mobile communications project. Amanda Hale, who specialises in telecoms law and stands out for her ‘grasp of the details’, assisted Virgin Media with a wholesale supply arrangement for its mobile virtual network operator business. David Futter, who was a recent arrival from Addleshaw Goddard, is best known for his expertise in fintech and digital payments matters and provides ‘exceptional advice and service’. Christopher Bates is an expert on technology and outsourcing matters, and Mark Lubbock handles contentious and non-contentious issues.

Leading individuals: Telecoms

Nick Elverston - Ashurst

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Media and entertainment (including media finance)
Media and entertainment (including media finance) - ranked: tier 5

Ashurst

Ashurst’s cross-departmental team has a focus on the digital economy, and supports clients in the development of digital strategies. It handles channel distribution, the creation and launch of new services, rights acquisition, licensing and audits, as well as joint ventures, M&A, regulation and antitrust matters. It advised Japan Broadcasting Corporation on its co-production, The Tokyo Trials, which is streaming on Netflix, and advised Virgin Media on its complaint that the arrangements by which the FA Premier League sells the audio visual rights to the Premier League infringe competition law. It also advised Johnston Press on its acquisition of the business and certain assets of the i newspaper from Independent Print, and assisted Johnston Press with its disposal of 13 publishing titles and associated websites in East Anglia and the East Midlands to Iliffe Media. In 2016, Nick Elverston, who has ‘great industry knowledge, is very personable and is a real lateral thinker’, joined from Herbert Smith Freehills LLP alongside Amanda Hale. Duncan Liddell is also recommended.

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Pharmaceuticals and biotechnology
Pharmaceuticals and biotechnology - ranked: tier 4

Ashurst

Ashurst’s team is led by Mark Lubbock and advises a range of clients including clinical and non-clinical service providers, pharmaceuticals companies, universities and university spin-outs, and medical devices companies on high-value corporate and commercial transactions. Lubbock also regularly advises on data protection and IP aspects of M&A, management buyouts and joint venture transactions. In 2016, it advised LGC Group on the acquisition of BRC Global Standards, assisted Kinnevik with its investment in Babylon Health, and handled Universal Health Service’s £377m acquisition of Cambian Group’s adult services division (a provider of specialist behavioural health services). Eric Stuart is recommended for international capital markets and M&A transactions.

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London: Transport

Rail
Rail - ranked: tier 1

Ashurst

Ashurst is praised for its ‘vast experience’ in complex UK and global rail deals, advising on rolling stock, franchising, projects, infrastructure and light rail mandates. The team is continuing to advise TfL and DLR on the Docklands Light Railway New Rolling Stock project, and is also advising London Underground Limited on the procurement of rolling stock as part of part of the £10bn New Tube for London (NTfL) London Underground upgrade project. The team also advised Hitachi Rail on its contract with Network Rail for the first Traffic Management System to supply Network Rail with a traffic management solution framework to support the roll-out of a full digital railway, and is advising City of Edinburgh Council on the £145m extension of the Edinburgh tram system from York Place to Newhaven. National Express, London Midland, Keolis, Abellio and Mitsui are also clients. Key individuals include Mark Elsey, who is global co-head of transport, Terence van Poortvliet, a noted rail, transport and intrastructure specialist, and ‘rail expert’ Naomi Horton. Senior associates Stuart Cottis and Jonathan Turner are also recommended.

Leading individuals

Mark Elsey - Ashurst

Naomi Horton - Ashurst

Terence van Poortvliet - Ashurst

Next generation lawyers:

Jonathan Turner - Ashurst

Stuart Cottis - Ashurst

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