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Maclay Murray & Spens LLP

ONE LONDON WALL, LONDON, EC2Y 5AB, ENGLAND
Tel:
Work 0330 222 0050
Fax:
Fax 0330 222 0054
DX:
123 LONDON CHANCERY LANE
Email:
Web:
www.mms.co.uk

London: Corporate and commercial

M&A: smaller deals, up to £50m
M&A: smaller deals, up to £50m - ranked: tier 2

Maclay Murray & Spens LLP

Technology, media, hospitality and leisure were M&A sectors of particular activity for Maclay Murray & Spens LLP in 2016. Practice head Guy Norfolk is supported by Wayne O’Neil, who is noted for his private equity experience. The team advised Aberdeen Asset Management on two acquisitions of fintech companies, and assisted McWane with its purchase of several UK assets. Other clients of the practice include Swegon, The Restaurant Group, Lloyds Banking Group, Pewdie Productions and Motorsport Network. Director Mark Stewart and associate Adam Lynch are also recommended.

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London: Dispute resolution

Commercial litigation
Commercial litigation - ranked: tier 7

Maclay Murray & Spens LLP

Maclay Murray & Spens LLP’s ‘responsive lawyers are very detailed’. The team’s core areas of strength are contentious property litigation, financial services matters, oil and gas disputes, contentious insolvency and recovery work, and competition litigation. Simon Colledge is ‘a good commercial lawyer’; and Euan Palmer is ‘technically excellent’. Chris Woodruff and Philip Sewell are names to note.

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London: Investment fund formation and management

Listed funds
Listed funds - ranked: tier 4

Maclay Murray & Spens LLP

Carrying out work from both London and Edinburgh, Maclay Murray & Spens LLP is ‘a trusted advisor for listed funds’, with ‘great team knowledge providing a positive user experience - it brings a good level of knowledge and curiosity together with a strong understanding of client needs’. London-based Guy Norfolk is ‘constantly visible throughout the transaction, and shows a good balance of technical knowledge and commercial experience – he is straightforward to deal with and is able to resolve issues with clear and constant advice’; he advises cornerstone client Baillie Gifford. Claire Armstrong in Edinburgh is also a key contact. The firm also acts for Aberdeen Investment Management.

Next generation lawyers

Claire Armstrong - Maclay Murray & Spens LLP

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Retail funds
Retail funds - ranked: tier 4

Maclay Murray & Spens LLP

Handling a range of UCITS restructuring and formation work, Maclay Murray & Spens LLP is ‘responsive and proactive with a sound knowledge of the industry’. Nick Rutter is ‘very knowledgeable, commercially-minded, thorough and imaginative’ – he advised Maitland Institutional Services on creating a UK-domiciled UCITS fund and MI Momentum Investment Funds on the conversion of the fund from a UCITS to a NURS. Other clients include Valu-Trac Investment Management.

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London: Real estate

Commercial property
Commercial property: general - ranked: tier 6

Maclay Murray & Spens LLP

Commercial property: retail - ranked: tier 5

Maclay Murray & Spens LLP

The team at Maclay Murray & Spens LLP is ‘very easy to work with’ and has a strong investment company client base that includes the likes of Aberdeen Asset Management and Mayfair Capital Investment Management; the practice is also noted for its ‘very quick turnaround and hands on approach’ on behalf of overseas investors. ‘Particularly good’, the ‘proactive, commercial and diligentAnju Suneja acted for Helical on the letting and subsequent sale of a property unit at Fourth Avenue in Burton on Trent. Other matters saw ‘very commercial’ practice head Alex Coulter advise a joint venture of The Property Income Trust for Charities and Mayfair Capital Investment Management on the purchase of a long leasehold of Grade A office space in Nottingham from Friends Life. In a development mandate, Coulter is advising Aberafan SC Propco on its conversion of an empty office block in Port Talbot’s shopping centre into residential housing. The practice is also active on landlord work in the retail sector.

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Social housing: finance
Social housing: finance - ranked: tier 4

Maclay Murray & Spens LLP

Maclay Murray & Spens LLP’s ‘response times, accuracy of work and quality of advice are excellent and of a high level’. The group, which acts for a mix of lender and borrower clients, is led by Wendy Wilks, whose ‘strong sector knowledge is paired with an ability and willingness to drive a solutions-based approach’. Wilks recently advised a Cambridge-based property company on the development financing of a site acquisition. Other clients include Family Mosaic, Thames Valley Housing Association, The Housing Finance Corporation and Affordable Housing Finance. The group also has substantial experience in its Scottish offices; Susan Kelly in Edinburgh and Gillian Downie in Glasgow are recommended.

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Social housing: local authorities and registered providers
Social housing: local authorities and registered providers - ranked: tier 3

Maclay Murray & Spens LLP

Maclay Murray & Spens LLP’s team primarily acts for registered providers, with noteworthy examples including Family Mosaic, Thames Valley Housing Association and the Peabody Trust. Practice head Wendy Wilks advised a Cambridge-based registered provider on the establishment of a new subsidiary in order to separate a certain element of the business from the parent company; handled the sale of new-build units for Cambridge and County Developments; and advised a Hampshire-based registered provider on its acquisition of units in a new build development. Wilks and Roger Tynan assisted Welmede Housing Association with its proposed merger with Avenues Trust. Other key practitioners include construction specialist Anju Suneja, litigator Chris Woodruff, senior solicitor Fiona McDonald and associates Mark Stewart and Theresa Ferguson-Battershill.

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London: TMT (technology, media and telecoms)

Fintech
Fintech - ranked: tier 3

Maclay Murray & Spens LLP

Particularly strong on the regulatory side, Maclay Murray & Spens LLP’s department also handles joint ventures, outsourcing and other commercial arrangements. Although it handles crowdfunding and peer-to-peer work, its core strength is in payments; many of its clients are payments institutions and e-money issuers. Corporate and financial regulatory expert Guy Norfolk heads the team jointly with financial services director Ian Benson; Benson advised consumer credit app PayItSimple (now called Splitit) on various strategic and regulatory matters. He also acted for challenger bank Private & Commercial Finance Group on regulatory and commercial matters, including drafting its payment and savings account terms and conditions for customers. In the virtual cloud sector, Benson assisted Currency Cloud with preparing and negotiating various distribution, partnership and white-label agreements with high-profile banks and financial institutions. Arex European Clearing, which helps buyers and sellers with assuring the settlement of cash payments between them, instructed Benson on various regulatory matters, especially with regard to payment services and safeguarding and administering investments. Other clients of the practice include Euronet and FreeAgent Holdings.

Leading individuals

Ian Benson - Maclay Murray & Spens LLP

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Further information on Maclay Murray & Spens LLP

Please choose from this list to view details of what we say about Maclay Murray & Spens LLP in other jurisdictions.

London

Offices in London

Scotland

Offices in Aberdeen, Glasgow, and Edinburgh

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