The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Linklaters LLP

Living Wage
Work 020 7456 2000
Fax 020 7456 2222
Abu Dhabi, Amsterdam, Antwerp, Bangkok, Beijing, Berlin and 25 more

Mark Nuttall

Work 020 7456 5278
Linklaters Business Services

Work Department

Capital markets and structured finance.


Mark is a finance partner with a focus on infrastructure and utilities who also leads the firm’s social finance practice and is developing the firm’s blockchain expertise, with an emphasis on smart bonds.

His finance expertise covers public capital markets, including whole-business securitisations, as well as banking and private finance, derivatives and direct financing. Mark has a specific water, energy and regulatory finance practice, and advises many of the largest water and energy companies in the UK, as well as regulated companies across Europe. This included advising National Grid in respect of their £12bn disposal of Cadent, and Thames Water in respect the structuring and implementation of the £4.7bn Thames Tideway Tunnel project. As part of this practice Mark has advised on the majority of headline infrastructure and utilities disposals, acquisitions, financings and re-financings in both the UK and Europe in recent years.


Linklaters trainee solicitor 2001-03, associate 2003-08, managing associate 2008-12, partner 2012 to date.




Law Society.

Mark is a member of xDTM Standard Association, a non-profit consortium of more than 300 companies and government entities formed to generate and manage standards related to Digital transaction management.


Queens' College, Cambridge.


Mark leads Linklaters’ award-winning social finance and pro bono practice, which specialises in social impact bonds, supra-national social financings and innovative ways of raising funds for charities. Mark has led on a number of charity bond programmes, including the Retail Charity Bond which was on the first LSE-listed retail charity bond platform, and also won the American Lawyer award of Global Pro Bono Deal of the Year, 2015.

He has also led on a £20m charity bond for Scope, and advised the Commonwealth Enterprise and Investment Council on the establishment of a Commonwealth-wide environmental projects funding scheme.

London: Finance


Within: Securitisation

According to clients, Linklaters LLPhas dominated the RMBS market for several years and has real strength across all asset classes’. The firm’s lawyers ‘have seen everything and bring clear, measured, commercial advice’. In an illustration of its RMBS workload, the team acted for Cerberus and FirstKey Mortgage on the securitisation of Northern Rock’s mortgage book in the three deals; of those, the £6.2bn Towd Point Mortgage Funding 2016-Granite 1 plc was the largest single RMBS transaction in the European market since the financial crisis and one of the first securitisations to comply with both US and European Union risk retention rules. Andrew Vickery (‘outstanding in covered bonds and RMBS deals’) heads the structured finance group, which includes James Harbach and Adam Fogarty, who are ‘leaders in the field of super-size loan portfolio securitisations’. Julian Davies, who is best known for structured utility bonds and whole-business securitisations, and Mark Nuttall are also highly recommended, as are newly promoted partner Alex Shopov and counsel Reza Taylor, who played prominent roles in the Granite transactions, and counsel William Trotman, who joined from Simmons & Simmons and specialises in RMBS, CMBS and covered bonds. Harbach led a team that advised Greene King on a £340m deal that was the first pub securitisation since the financial crisis. Vickery advised TwentyFour Asset Management LLP on the securitisation of UK buy-to-let loans, including a £300m issuance by Malt Hill No.1. Nuttall’s highlights included acting for National Grid on a £13.8bn whole-business securitisation stapled financing relating to the sale of a 61% share in its UK gas distribution business NGGD to a consortium of long-term infrastructure investors.

[back to top]

London: Projects, energy and natural resources


Within: Water

Linklaters LLP has ‘deep and broad relationships across the sector’, handling M&A, finance, regulation and competition matters. Practice head Julian Davies recently worked with Mark Nuttall to advise six water companies on the opening of the non-household retail market as part of Ofwat’s move towards a competitive market at retail level. Managing associate Elisabeth Johnson is part of the team assisting Thames Water with all aspects of the Thames Tideway Tunnel, and also recently acted for Anglian Water, Southern Water and Yorkshire Water on issuances of debt to US investors. Michael Cutting heads the water regulatory unit and counsel Reza Taylor also plays a key role in the department.

[back to top]

Back to index

Legal Developments in London

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • The legal difference between a consultant and an employee according to Nicaraguan Law

    Knowing the legal difference between a consultant and an employee is important for a company that needs to hire someone in Nicaragua or for a person interested in rendering services for a company or another person, due to the fact that the nature of the contractual relationship will determine many factors that both parties must be aware of before executing the contracting modality that will govern the relationship between them - the nature of the contractual relationship impacts on the employment benefits, tax implications and liabilities that the parties must comply with according to the law.  labor_law_in_nicaragua
  • Single director - shareholder Companies according to the Nicaraguan legal system

    What is a Single Shareholder and Director legal entity?
  • Business in Nicaragua- The Most Important Changes in the Recent Tax Reform

    In recent years, the country ́s the government has been committed to improving Taxation in Nicaragua and attempting to follow the legislative model used by some of the other countries in the region. Starting January 1st, 2013, a new tax law (Law No. 822, Tax Concertation Law) came into force in and completely changed the taxation system in Nicaragua. Two years later a new law was issued by the National Assembly containing more than 80 amendments, additions and repeals (Law No 891) which came into force December 18th, 2014.