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Norton Rose Fulbright

Top-tier Firm rankings

Firm Rankings


London: Corporate and commercial

Commercial contracts
Commercial contracts - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright handles the full range of commercial agreements, and its expertise in this area is complemented by extensive knowledge of issues related to data protection and privacy, intellectual property and IT/technology. Reflective of its first-rate reputation, it acts for clients in sectors such as energy, life sciences and healthcare, transport and finance, among others. In 2016, James Russell worked with senior associates Lucy Lillywhite and Lara White, and associate Zayed Al Jamil, to advise Liverpool Victoria on the £100m replacement of its policy administration system, which involved contracting with multiple vendors for different components of the system. Reckitt Benckiser, Domino’s Pizza, McLaren, Energizer and Carlsberg are other key clients. The firm also provides Pfizer with commercial contracts advice through its place on the client’s Legal Alliance global panel. Other areas of expertise include collaboration agreements, manufacture and supply agreements, and consultancy and services agreements.

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Corporate tax
Corporate tax - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright’s tax department has a reputation for acting on international transactions, especially in emerging markets, and also has expertise in the property and funds areas. It is heavily focused on several key industry sectors, which include energy, insurance, technology, rail and aviation. Practice head Dominic Stuttaford has advised Barclays Bank plc on multiple matters in 2016-2017, having handled the tax aspects of the client’s sale of its Egyptian operations, the disposal of its French operations to Annacap and also on the sell-down of its South African operations. Specialising in real estate and funds work, Angela Savin acted for Civitas Social Housing in connection with the tax structuring of the investment-client’s £350m IPO. In the energy sector, Matthew Hodkin advised Endeavor Energy on the tax risk allocation of the funding and construction of a dual-fuel power project in Ghana. Chris Bates is another key contact and has experience of advising financial institutions on a range of structured transactions.

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EU and competition
EU and competition - ranked: tier 3

Norton Rose Fulbright

Martin Coleman is the global head and the ‘energetic, personable and wisePeter Scott is the European head of Norton Rose Fulbright’s ‘strong team, which is committed to providing an excellent service without any arrogance’. Other key figures include Mark Tricker, Ian Giles (who has ‘excellent legal skills and a very helpful attitude’), and Mark Simpson. Simpson led the team defending HSBC against allegations of collusion into the European Commission’s investigation of manipulations of the Euro inter-bank rate, while Tricker successfully advised Carlsberg on the outsourcing of certain logistics operations to DHL Supply Chain Limited, which was cleared by the CMA. Scott is advising Mercer in respect of the Financial Conduct Authority’s asset management market study and its provisional decision to refer it to the CMA for a market investigation. Other recent work includes advising Reckitt Benckiser Group on its acquisition of the K-Y brand from Johnson & Johnson, which was cleared in the UK and involved filings in multiple jurisdictions.

Leading individuals

Mark Tricker - Norton Rose Fulbright

Martin Coleman - Norton Rose Fulbright

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Equity capital markets
Equity capital markets - ranked: tier 3

Norton Rose Fulbright

The equity capital markets team at Norton Rose Fulbright is instructed by issuers and investment banks and provides UK and US law advice in connection with a variety of equity transactions. Most notably, the group has been involved in multiple high-value share buy-backs and sell-downs in 2016. Indeed, Fiona Millington and Nick Adams acted for Barclays plc in a 62% sell-down of its stock in Barclays Africa Group, through a bookbuild placing to institutional investors. Similarly, Richard Crosby advised HSBC Holdings on its $2.5bn share buy-back on the LSE. Thomas Vita heads the US corporate finance department and acted, alongside the firm’s Paris office, for Mediawan on the €250m international private placement and listing on the professional segment of Euronext Paris, which represents the first special purpose acquisition company listing in France. The department also has experience of emerging market listings and acted for Obour Land for Food Industries as transaction counsel on its IPO and listing on the Egyptian Stock Exchange. Mark Lloyd Williams is also recommended.

Leading individuals

Mark Lloyd Williams - Norton Rose Fulbright

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

Norton Rose Fulbright

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

Norton Rose Fulbright

Norton Rose Fulbright provides a ‘prompt and knowledgeable’ service to wholesale and retail financial services clients from the banking, markets infrastructure and asset management sectors. MiFID II remains an area of particular activity for the team, as highlighted by Hannah Meakin’s continued representation of CME Group on its implementation of the directive, and Jonathan Herbst’s work for FIA European Principal Traders Association (a forum for firms trading their own capital) on the implications of MiFID II in relation to high frequency trading (HFT) entities and market makers. Praised for his ‘forward thinking and ability to listen’, Herbst heads up a four-partner non-contentious offering that also includes Peter Snowdon and Imogen Garner, who leads the buy-side regulatory practice. The firm’s seven-partner contentious team has an ‘excellent reputation’ on behalf of institutions and senior management figures across the panoply of issues affecting the sector, including market manipulation matters, and investigations regarding the Contracts for Difference (CFD) market. The team also includes numerous former regulators in its ranks, affording it strong credibility before the FCA and a strong understanding of its approach. Dual UK and US-qualified partner Lista Cannon is well-versed in handling multi-jurisdictional regulatory investigations and in a case which involves SEC, DOJ and FCA investigations is representing a former senior executive against criminal and civil allegations arising out of multibillion-dollar losses at the Chief Investment Office of JPMorgan. Elisabeth Bremner has ‘superior knowledge of the regulatory landscape’ and is also recommended alongside Katie Stephen. Chris Warren-Smith joined Morgan, Lewis & Bockius UK LLP

Leading individuals

Jonathan Herbst - Norton Rose Fulbright

Next generation lawyers

Hannah Meakin - Norton Rose Fulbright

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Flotations: small and mid-cap
Flotations: small and mid-cap - ranked: tier 1

Norton Rose Fulbright

Norton Rose Fulbright’s first-rate reputation in the London market, combined with its international reach, makes it a strong choice for sophisticated domestic and cross-border mandates. Richard Sheen recently advised Purplebricks on its £50m placing to fund its expansion into the US, having previously handled its AIM IPO in 2015. In another matter, Sheen, senior associate Clementine Hogarth and associate Matthew O’Shea acted for Canaccord Genuity Limited (as NOMAD, financial adviser and broker) on the migration of ThinkSmart’s listing from the Australian Securities Exchange (ASX) to AIM. Raj Karia leads the team, which includes Simon FT Cox, who has particular expertise in the natural resources sector, and Stephen Rigby, who specialises in renewable energy, power and oil and gas. Fiona Millington is also recommended.

Leading individuals

Richard Sheen - Norton Rose Fulbright

Next generation lawyers

Fiona Millington - Norton Rose Fulbright

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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

Norton Rose Fulbright

Norton Rose Fulbright’s practice, which is headed by Raj Karia, is very strong in the energy, natural resources, infrastructure, insurance financial services sectors. The ‘calm, experiencedStephen Rigby acted for Hermes GPE on its acquisition of a 17% stake in Southern Water, while oil and gas expert Geoff Peters advised BP on the merger of its Norwegian subsidiary BP Norge with Det Norkse Oljeselskap to create Aker BP. In an illustration of its work for financial advisers involved in big-ticket M&A, Paul Whitelock advised HSBC and Citi Global Markets on Conforama Investissement’s £660m offer for Darty. Barclays is another bank client; Alan Bainbridge and Kevin Cron advised it on the proposed sell-down of Barclays Group’s 62% stake in Barclays Africa Group, which is listed on the Johannesburg Stock Exchange. On the corporate real estate side, Mark Lloyd Willams acted for TH Real Estate on its €250m sale of three shopping centre portfolio companies in Italy and Spain to a joint venture between TPG Capital and Partners Group. Corporate finance expert Jon Perry relocated from the firm’s Hong Kong office in September 2016; the following month, private equity expert David Marshall joined the London office from RPC, while Charez Golvala and of counsel Alexandra Neovius joined the practice in June 2017 as a result of Chadbourne & Parke (London) LLP’s absorption by Norton Rose Fulbright. Senior associate Keith Law is commended for his ‘attention to detail’ and his ‘commitment to clients’.

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Private equity: transactions
Private equity: transactions – Mid-cap deal capability - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright enhanced its practice with the recruitment of David Marshall from RPC in 2016, bringing more than 15 years of experience of UK and cross-border private equity deals. He joins a team headed by Richard Bull (‘just brilliant’), who is particularly active in transactions in the financial services and technology sectors. Other key figures include Bayo Odubeko, who is experienced in handling Africa-related deals for private equity and infrastructure funds and ‘always makes himself available’; and Sean Murphy and senior associate Sophie O’Connor, who acted for the founder shareholders of Sabio Limited in the £50m MBO of Sabio by Lyceum Capital Partners. AnaCap Financial Partners, AfricInvest Capital Partners, ValueAct Capital and One Peak Partners are also clients.

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

Norton Rose Fulbright

In addition to handling the indirect tax aspects of a wide range of corporate and finance transactions, the practice at Norton Rose Fulbright also has expertise in insurance premium tax (IPT) and is regularly involved in high-value VAT disputes. Chris Bates leads the firm’s European VAT group and has advised asset managers and pension schemes on several potential recovery claims resulting from UK tax treatment. Angela Savin has an active contentious and non-contentious practice and provides ongoing SDLT advice to Commerz Real Investmentgesellschaft concerning the expansion of the Westfield Shopping Centre in Shepherd’s Bush. She also provides ongoing IPT advice to British Business Bank. Dominic Stuttaford heads the firm’s tax department and is involved in multiple high-value tax disputes for clients such as BMW and HSBC. Brookfield Renewable Energy Partners, Vodacom Group and Barclays also instruct the team.

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London: Crime, fraud and licensing

Fraud: civil
Fraud: civil - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright’s wide-ranging practice encompasses cross-border fraud and asset tracing matters along with insolvency, cyber fraud and bribery and corruption, and the department utilises the firm’s regulatory investigations and criminal law practices both domestically and on an international level. Work highlights included representing Citibank in a $285m Commercial Court dispute over financing transactions entered into with Citigroup Global Markets, and acting for the liquidators of Drive Assist UK in a High Court claim against its former CEO, alleging wrongful trading and breach of duty as a result of false accounting. Deirdre Walker heads the department, where Ruth Cowley and Matthew Waudby are also leading figures.

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Fraud: white-collar crime
Fraud: white-collar crime - ranked: tier 2

Norton Rose Fulbright

The ‘excellent’ team at Norton Rose Fulbright is ‘always one step ahead of the opponent, anticipating movements well ahead of time’. The firm represents a mix of senior executives, corporates and financial institutions in regulatory and enforcement proceedings, internal investigations and civil litigation, amongst other matters. Neil O’May is the key practitioner, and recently represented the former finance director of Tesco in an ongoing SFO investigation into the accounting practices at Tesco. Lista Cannon is the other name to note.

Leading individuals

Lista M. Cannon - Norton Rose Fulbright

Neil O’May - Norton Rose Fulbright

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London: Dispute resolution

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

Norton Rose Fulbright

Norton Rose Fulbright’s ‘outstanding team’ is highly rated for significant banking and finance disputes. The practice advises banks on claims involving derivatives, bonds and structured finance, commodities and trade finance, and Islamic finance. The team acted for The Law Debenture Trust Corporation, as claimant, in a high-profile $3bn-plus Commercial Court dispute with Ukraine, regarding the enforcement of payment of notes, issued by Ukraine. It also represented Gemini in a large, complex series of valuers’ negligence claims arising out of CMBS transactions, and acted for Lloyds Banking Group in a case concerning its right to redeem certain enhanced capital notes, issued by two special purpose vehicles. Department head Michael Godden is ‘brilliant and insightful’; Paul Morrisknows how to make the big calls in high-stakes litigation’; and Matthew Waudby has ‘superb technical skills and a nuanced understanding of finance, which serve his practice well’. Lista Cannon has considerable experience in cross-border banking litigation. Chris Warren-Smith and Melanie Ryan joined Morgan, Lewis & Bockius UK LLP.

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Commercial litigation
Commercial litigation - ranked: tier 3

Norton Rose Fulbright

A great firm for commercial litigation work’, Norton Rose Fulbright’s ‘quality throughout its ranks is very consistent’. The firm acts for public and private companies operating across the firm’s key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology; and life sciences and healthcare. In a case involving several cross-border issues, the practice represented a multinational telecoms corporation in defence of a breach of contract claim. Deirdre Walker is ‘very experienced’, and Ruth Cowley regularly acts in financial institutions, energy, infrastructure, mining and commodities disputes. Ffion Flockhart handles a range of Commercial Court claims, including general contractual disputes and those arising from M&A transactions; and Antony Corsi often acts in high-value claims involving fraud. Chris Warren-Smith joined Morgan, Lewis & Bockius UK LLP.

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Competition litigation
Competition litigation - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright’s competition litigation team shows ‘good business acumen’ and provides its clients ‘commercial and strategic advice’, on both the claimant and defendant side. Made-up of partners in the firm’s competition and regulatory team and disputes resolution department, Peter Scott’s leadership has made the group ‘very easy to work with’ and therefore highly sought after in the competition litigation space. In one recent highlight, he defended The Law Society in the first-ever claim allocated to the fast-track procedure by the CAT; this concerned The Law Society’s accreditation scheme for conveyancing firms, which was allegedly an abuse the client’s dominant position. On the defendant-side, a team including the highly recommended Mark Simpson is acting for Vodafone in a follow-on claim arising out of the EC's decision regarding the smart chip suppliers cartel. Indeed, the department is acting in multiple high-profile cartel cases and continues to be involved in various financial services competition claims involving Euribor and Forex rigging. Additional clients include HSBC, Delta Air Lines and Schneider Electric.

Leading individuals

Peter Scott - Norton Rose Fulbright

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International arbitration
International arbitration - ranked: tier 3

Norton Rose Fulbright

One of the best in the field’, Norton Rose Fulbrighthas an exceptionally well-integrated arbitration team’. It acts for global financial institutions, major corporations, and governments and state-owned entities from the firm’s key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology; and life sciences and healthcare. The practice represented an INVISTA subsidiary in an arbitration, which related to a technology license with a Chinese manufacturer. Deirdre Walker is EMEA dispute resolution and litigation head; and despite Sherina Petit’s ‘external niceness, she is a pugnacious strategist and a great mind to have on clients’ teams’. Neil Miller, Donald Warnock and Philip Roche are other highly experienced advisers. James Rogers joined from the firm’s Hong Kong office. Deborah Ruff joined Pillsbury Winthrop Shaw Pittman LLP.

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

Norton Rose Fulbright

The tax disputes team at Norton Rose Fulbright is anchored by the firm’s strong non-contentious tax practice and has recently been involved in a range of matters relating to taxation in the financial services, energy and infrastructure sectors. Practice head Dominic Stuttaford is acting for HSBC in multiple group litigation orders concerning the compatibility of certain EU and English laws. Angela Savin has particular expertise in real estate, funds and financial products taxation and is also representing a number of migrant-resident workers in litigation regarding the UK’s taxing rights over income arriving from the clients’ activities in the North Sea. Chris Bates is instructed by a number of financial institutions and a transport and energy group. BMW, G4S plc and Shire Pharmaceuticals Group are among the department’s representative clients.

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London: Finance

Acquisition finance
Acquisition finance - ranked: tier 6

Norton Rose Fulbright

Norton Rose Fulbright’s ‘user-friendly’ team in London excels in acquisition finance mandates in multi-jurisdictional scenarios where it can call upon the assistance of lawyers from across its broad ranging international network. Team head Michael Ings is known for his work within the emerging markets (particularly in Africa); as well as handling general corporate lending mandates, he often handles acquisition finance related work for banks including The Standard Bank of South Africa. Michael Black has a niche specialism in asset based lending work and is praised for his ‘excellent understanding of the market and knowledge of the detailed lending and collateral requirements of various European jurisdictions’. Black has deeply entrenched ties with Wells Fargo and frequently applies asset based lending techniques to acquisition finance mandates; he recently advised the aforementioned bank in relation to its asset based lending/acquisition facilities to Brundage-Bone Concrete Pumping, in order to make strategic UK acquisitions of Camfaud Concrete Pumps, as well as Premier Concrete Pumping and South Coast Concrete Pumping. James Dunnett is also recommended.

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Asset finance and leasing
Asset finance and leasing - ranked: tier 1

Norton Rose Fulbright

With 20 partners focused on transportation finance based in London and also aided by practitioners throughout Europe, Asia Pacific and US, the ‘responsive and knowledgeable’ team at Norton Rose Fulbright has the ‘depth of resources, expertise and multi-disciplinary capability’ to handle a large volume of matters across the aviation, shipping and rail sectors. The ‘responsive, tactful and experiencedDuncan Batchelor provides ‘balanced advice in complex situations’ often involving highly structured, multi-jurisdictional issues; he recently advised Sumitomo Mitsui Banking Corporation (SMBC) on a JOLCO and lease financing for three Airbus A320 aircraft for Pegasus Airlines. The ‘excellentGiles Brand is noted for his strength across the asset classes and recently advised Amedeo Air Four Plus Epsilon on an innovative leasing structure with HSBC Middle East Leasing Partnership. Working alongside lawyers in the firm’s Tokyo office, the ‘very commercialSimon Lew recently advised ORIX Corporation on the acquisition of a portfolio of performing shipping loans from RBS. The ‘highly regardedSimon Hartley handles work for a broad range of lenders and borrowers in ship finance transactions. Hartley has been particularly active in the cruise ship sector and recently acted for Italian export credit agency SACE and UniCredit, as agent, on ECA term loan facilities to finance three Virgin Voyages cruise vessels. On the rail front, Tom Johnson represented Commonwealth Bank of Australia on a £900m rail financing in partnership with train leasing company Angel Trains; in what is one of the largest-ever privately procured train orders in the UK, the financing will be used to fund a new fleet of 665 Bombardier Aventra trains for Abellio’s new East Anglia franchise. Other recommended practitioners include the ‘brilliantEleanor Martin; ‘excellent’ global asset finance head Harry Theochari, who is singled out for ship financing matters; Simon Chamberlain, for aviation; and senior associate Will Alete. Apollo Aviation, Carnival, Monarch, Department for Transport and Saga Cruises are additional clients of the team.

Leading individuals

Harry Theochari - Norton Rose Fulbright

Simon Hartley - Norton Rose Fulbright

Next generation lawyers

Eleanor Martin - Norton Rose Fulbright

Will Alete - Norton Rose Fulbright

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Asset-based lending
Asset-based lending - ranked: tier 2

Norton Rose Fulbright

The ‘user-friendly’ team at Norton Rose Fulbrightunderstands the market and is knowledgeable on the detailed lending and collateral requirements of various European jurisdictions’. Instructed by a primarily lender-focused client base on bilateral and syndicated domestic and cross-border transactions, the small team provides ‘business savvy advice which is framed in the context of real world judgement and analysis’. ‘Responsive and client friendly’ team head Michael Black is noted for his ‘all-round excellence and understanding’, which ‘allows him to protect his banking clients while also allowing borrowers to maintain a treasury and cash management function that does not impede their business’. Wells Fargo continues to instruct the team across a considerable volume of deals including on the ABL/corporate loan provided to Burton’s Foods and the ABL/acquisition facilities to Brundage-Bone Concrete Pumping. Although it is far more active on the lender front, the team is picking up an increased flow of mandates from borrowers including DG3 Group, which it advised on the provision of an ABL facility involving the full refinancing and replacement of an existing lender, together with a new security package. Senior associate Alex Dunn is also very well-versed on ABL work and regularly works alongside Black. Other clients include Bank of America, Lloyds Bank, Toronto-Dominion Bank and Credit Suisse.

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

Norton Rose Fulbright

Norton Rose Fulbright’s extensive international network, as well as the firm’s industry knowledge in key areas including energy, transport and telecommunications, are key features of the finance team, which is able to provide ‘commercial and focused advice’ to banks and corporates. James Dunnett has a particular focus on the oil and gas sector; he recently advised Tullow Oil on the upsizing of their contingent resources and quasi-reserves based facility to $1bn. Alexandra Triptree has a focus on media and telecoms financings in the emerging markets and has recently handled numerous financings for the Turk Telecom group of companies, including on $150m-worth of term loan facilities made available to it by ING Capital and Mizuho Bank for the purpose of financing the acquisition by the company and its subsidiaries of equipment and services from Alcatel and Cisco. Team head Michael Ings also handles media and telecoms financings, as well as Africa-related financings (he is a trusted adviser to The Standard Bank of South Africa). The ‘user-friendlyMichael Black regularly handles asset based financing provisions.

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Commodities: derivatives
Commodities: derivatives - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright’s highly regarded structured trade and commodity finance practice in London acts for banks, development finance institutions, traders, producers and exporters on a broad range of commodities markets. Global head of financial services Jonathan Herbst is a leading light in the market for regulatory matters, regularly advising on commodity derivatives, custody and clearing matters in light of new regulations such as MiFID II. Herbst and financial services partner Hannah Meakin, who advises numerous financial institutions and industry bodies, assisted FIA Europe with documentation relating to regulatory changes including EMIR. Daniel Franks and Nigel Dickinson focus on OTC derivatives, repos, securities lending and structured finance as well as advising on collateral and netting issues. Other highlights for the practice included advising the Commodity Markets Council – Europe, which comprises 19 major commodity producers and traders, on new legislation including EMIR and MiFID II. BTG Commodities (UK), Cargill, Cleartrade and JPMorgan are also clients.

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Commodities: physicals
Commodities: physicals - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright is ‘a go-to firm for physical commodities matters, whether in relation to trading or litigation’, according to one source. Clients single out banking lawyer Nicholas Grandage, who has a market-leading trade finance practice that sees him act for banks and commodities traders in transactional matters, recently promoted partner Andrew Wood, and Neil Q. Miller, who leads the energy dispute resolution group in London and regularly handles disputes in the energy, trade and transport sectors. His experience includes international arbitration and High Court litigation, regularly acting for national oil companies and international contractors. Holly Stebbing, who was recently made up to partner, also advises several oil companies, oilfield services providers, utilities and petrochemical companies on upstream, midstream and downstream disputes. The firm is a key adviser to Rosneft on export contracts for crude oil, and acted for Citibank and Citigroup Global Markets in a $285m Commercial Court dispute concering contracts with commodities trader Mercuria concerning stocks of metals stored in Qingdao.

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Corporate restructuring and insolvency
Corporate restructuring and insolvency - ranked: tier 7

Norton Rose Fulbright

The ‘very responsive’ team at Norton Rose Fulbright is able to ‘bring a breadth of experience’ combining sector specialism from within the firm with a ‘commercial and practical’ approach to restructuring. Leveraging the firm’s core focus within the shipping and energy sectors, the team recently advised a syndicated of senior lenders on the restructuring and refinancing of facilities made available to the DeepOcean Group. Noted for his ‘depth of knowledge and attention to detail’, James Stonebridge combines ‘robust legal analysis with pragmatic, commercial realities to generate effective advice’ and has been particularly active of late within the mining, shipping and oil and gas sectors. Recently promoted partner Mark Craggs is an ‘excellent all-round insolvency lawyer’ and is a key member of the team that also includes Radford Goodman, who gets ‘high marks for insolvency disputes’, consultant Hamish Anderson, who is a ‘real leader of the insolvency bar’, and Sarah Coucher, who has expertise across a range of sectors including real estate, construction, retail, energy and technology. Clients include Credit Suisse, KPMG, Royal Bank of Canada, and Wells Fargo.

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Debt capital markets
Debt capital markets - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright not only has a respected emerging markets debt practice, but also a strong presence in sovereign deals, project bonds and debt restructuring. Peter Young specialises in cross-border transactions under English and New York law and has particularly strong experience in sovereign bond issues. He advised the Central Bank of Bahrain on its $1bn Eurobond and its simultaneous $1bn sukuk, which was challenging given the country’s low credit rating and which represented the first global deal it had issued using a hybrid structure of Ijarah and Murabahah structures. Young was also heavily involved in putting together an innovative project bond-style structure for Angola’s debut sovereign bond issue. A key niche for the practice lies in Canadian deals; Peter Noble handled transactions with a total value of $25bn in that jurisdiction last year, including the country’s first regulatory capital programme. He advised manager Toronto-Dominion Bank on the Province of British Columbia’s INR5bn issuance as it became the first foreign government entity to issue rupee-denominated bonds in the Indian offshore market. DCM expert Farmida Bi regularly handles sovereign debt issuance, project bonds and restructurings, and is head of the Islamic finance team in Europe. US partner Nikolai Mikhailov, who joined from Chadbourne & Parke, enhanced the firm’s ability to handles debt and equity deals in Russia and the CIS.

Leading individuals

Farmida Bi - Norton Rose Fulbright

Peter Young - Norton Rose Fulbright

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

Norton Rose Fulbright

Norton Rose Fulbright is known for ‘good response times, a good understanding of the products and reasonable pricing’. It is ‘clearly one of the top firms for derivatives in the UK’, according to one client. It has a broad-based structured finance practice that acts for the world’s leading investment banks on cross-border deals, often with an emerging markets element. Derivatives and structured finance expert Daniel Frankshas excellent technical skills and very good product knowledge’. He regularly acts for investment banks such as HSBC and Commerzbank in relation to derivatives, repos, stock lending, collateral, set-off, netting, structured products and regulatory capital transactions. The highly experienced Nigel Dickinson focuses on OTC derivatives, structured products and structured finance transactions for clients such as Citibank and Bank of America Merrill Lynch. Jonathan Herbst and Hannah Meakin provide market-leading support on regulatory matters. Sandrine Sauvel and David Shearer focus predominantly on securitisation but also handle a broader palette of structured finance matters. A key deal saw Dickinson and Franks advise a large group of global investment banks on a syndicated repurchase transaction that involved a $2bn loan to the Central Bank of Egypt, which then transferred $4bn of collateral to the banks in the form of sovereign bonds issued by the Arab Republic of Egypt in a landmark repo trade for the country. Another significant repo transaction saw the team advised Merrill Lynch International on a €200m notes issuance by an Irish SPV and a reverse repurchase between the two parties. The team also acted for the asset swap trading desk of a leading investment bank on the provision of swaps to Arbour CLO IV Designated Activity Company.

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Emerging markets
Emerging markets - ranked: tier 1

Norton Rose Fulbright

At Norton Rose Fulbrightthe expertise and experience revealed by the team in each transaction is nothing short of amazing’; clients also note that ‘response times are truly incredible and the attorneys are always so responsive, working out sensible solutions to issues at every stage’. Key strengths include trade and Islamic finance, infrastructure, mining, commodities, agribusiness and energy. Working closely with offices in the firm’s extensive global network, the London team delivers a broad and comprehensive service for emerging markets work. Martin McCann is the firm’s global head of business and ‘is very well respected in the market for getting difficult things done’. He specialises in major financing transactions in the infrastructure and natural resource sectors. Charles Whitney handles complex project financings involving both export credit agencies (ECAs) and multilateral financial institutions. Whitney and Middle East and EMEA power projects specialist Chris Down have ‘great knowledge and experience in energy and electricity generation, coupled with an ability to negotiate and settle both project and finance documentation that is truly astounding’. Clients also praise head of the financial institution international business group Chris Brown, projects partner Mark Berry, finance partners Madhavi Gosavi and Daniel Metcalfe, mining and minerals specialist Raj Karia and trade finance expert Nick Grandage, who are all ‘diligent, experienced and hardworking’. The firm’s merger with Chadbourne & Parke added prominent partner Silvia Fazio to the team. She works between London and São Paulo and acts for banks, private equity funds and corporates on deals involving Brazil. Among the firm’s numerous highlights was its work for the Ministry of Finance of Angola as borrower on a $4.13bn financing for the development of the Caculo Cabaça hydroelectric station, in which the lender was a syndicate of Chinese banks.

Leading individuals

Charles Whitney - Norton Rose Fulbright

Martin McCann - Norton Rose Fulbright

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Islamic finance
Islamic finance - ranked: tier 1

Norton Rose Fulbright

The Islamic finance team in Norton Rose Fulbright’s London office is active in the transactional and regulatory spaces and has particular expertise advising on shari’ah-compliant sovereign debt issuances. Indeed, in 2016, Farmida Bi, who heads the firm’s European Islamic finance group, acted for the Ministry of Finance for the Government of Pakistan in relation to a $1bn sovereign sukuk issuance, which was offered to US and international investors under Rule 144A/Reg S. She has also been instructed by various international banking clients on high-value real estate transactions. On the regulatory side, Bi is advising a national central bank on the establishment of shari’ah-compliant deposit and liquidity insurance facilities, and is also advising an Asian development bank in connection with Islamic finance regulations in five CIS countries. Mark Brighouse is an active London-based associate in the department. The London team regularly works alongside the firm’s Dubai office, where Mohammed Paracha heads the wider Middle East and Africa Islamic finance practice. Notable clients include Standard Chartered Bank, Emirates Airlines and Islamic Development Bank.

Leading individuals

Farmida Bi - Norton Rose Fulbright

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Securitisation
Securitisation - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbrightbuilds a team to suit a client’s deal with appropriate levels of experience and ability to ensure that there is ready access to senior practitioners throughout the process’. In addition to its prominence in the residential mortgage-backed market both in the UK and abroad, the firm is developing a strong presence in SME funding, restructuring and covered bonds. Securitisation and structured bond specialist Sandrine Sauvel is noted for her ‘subject matter expertise and ability to be entrepreneurial in identifying new business opportunities’. Sauvel is co-head of the London securitisation team along with David Shearer, who ‘provides calm and measured support even in particularly sensitive and innovative transactions with very tight deadlines; he has excellent market knowledge, an understanding of commercial drivers and the ability to innovate’. Farmida Bi advises numerous banks including Citibank on securitisations and last year acted for Law Debenture Trust Corporation as trustee on a series of bond issues by Ukraine with a total value of $3bn. Other highlights for the firm included acting for originator Kensington Mortgage Company on a £362m RMBS deal; assisting Eurobank Ergasias on updating its €5bn covered bond programme; and acting for the European Investment Bank (EIB) and the European Investment Fund (EIF) on developing financing structures for the SME sector.

Leading individuals

David Shearer - Norton Rose Fulbright

Sandrine Sauvel - Norton Rose Fulbright

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Trade finance
Trade finance - ranked: tier 1

Norton Rose Fulbright

A go-to firm for structured trade and commodity finance’, Norton Rose Fulbright regularly acts for banks, DFIs, traders, producers, exporters and alternative financiers on complex and innovative cross-border structured financings in the energy and natural resources sectors. Nicholas Grandage is widely regarded as one of the leading lights in the trade finance market; his broad expertise covers all aspects of trade and commodity finance including pre-export and pre-payment facilities, receivables finance, borrowing base transactions and asset-based lending. He acts for numerous banks, trading companies and suppliers on transactions in many jurisdictions around the world and covering a diverse range of asset classes including energy, metals and soft commodities, as well as processed and semi-processed goods. Other key figures include finance partner Daniel Metcalfe, who has extensive experience advising borrowers and lenders on cross-border transactions involving emerging markets; global head of financial services Jonathan Herbst, who is singled out for regulatory matters; Hannah Meakin, also a regulatory specialist; and corporate partner Sean Murphy, who focuses on deals in the communications, media, technology and life sciences sectors. Newly promoted Andrew Wood, who handles structured trade finance deals, and senior associate Richard Wilkes are also recommended. Recent highlights include advising Rosneft on multibillion-dollar pre-payment facilities for the supply of crude oil.

Leading individuals

Nicholas Grandage - Norton Rose Fulbright

Next generation lawyers

Andrew Wood - Norton Rose Fulbright

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London: Human resources

Employee share schemes
Employee share schemes - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright’s ‘stellar’ benefits practice acts for clients in the financial services sector on a broad range of matters, including regulatory issues and the implementation of incentives plans. ‘Smart, client-centred and proactive’ practice head Matthew Findley advised HSBC in relation to its share dealing code following the introduction of the Market Abuse Regulation; and was also instructed by Charles Stanley on the design and implementation of a new managers share plan. The team includes senior associates Ann Moseley and Andrew Roycroft. Deliveroo, Mercer and IMI are among the practice’s other clients.

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

Norton Rose Fulbright

The ‘excellent’ department at Norton Rose Fulbright provides ‘a very responsive service, pragmatic advice and a high level of technical expertise’. The ‘professional, personable and credibleCatrina Smith, who is singled out for her ‘client-focused and commercial approach’, advised Willis Lease on the employment aspects of its acquisition of the consulting and asset management business of TES Aviation Group. The department is headed by Paul Griffin, who often assists clients with cross-border employment issues and High Court claims. Clients single out senior associate Lauren Pullen-Stanley, who is ‘smart, robust and user-friendly’. Other clients include BMW, BP and Pfizer.

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Health and safety
Health and safety - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright’s environment, safety and planning team advises on a broad range of matters, including fatal accidents, asbestos exposure and product liability. Department head Caroline May has particular expertise acting for clients in the transport and construction sectors, largely handling corporate manslaughter and other liability issues. The team includes of counsel Lucy Jones and associate Emilia Richards, who have experience advising on contentious and non-contentious health and safety matters. The group’s client base includes DP World, Crest Nicholson and Energizer.

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Pensions
Pensions (non-contentious) - ranked: tier 3

Norton Rose Fulbright

Pensions: dispute resolution - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright’s ‘very good’ and ‘proactive’ team ‘gives sound and appropriate advice’ on a wide range of pensions matters, including scheme closures, auto-enrolment and corporate transactions. Practice head Peter Ford, who is ‘quick to respond’ and has ‘thorough knowledge of all aspects of pensions’, advised the trustees of the Dover Harbour Board Pension and Life Assurance Scheme on its closure to future benefit accrual. On the contentious side, Ford also advised the trustees of the Sea Containers (1983) Pension Scheme as an expert witness in litigation concerning scheme amendment powers. Insurance expert Susan Dingwall acted for Swedish insurance companies Trygg-Hansa and Gamla Liv in a dispute over the sale of English insurance company Interlife and subsequent liabilities, involving alleged pensions mis-selling. The team includes dispute resolution practice head Deirdre Walker and Lesley Browning. Naomi Hancock has retired.

Leading individuals

Peter Ford - Norton Rose Fulbright

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London: Insurance

Insurance and reinsurance litigation
Insurance and reinsurance litigation - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright is ‘one of the best firms’, providing ‘excellent advice’ in D&O, political violence and terrorism, and marine and offshore claims. The firm merged with Chadbourne & Parke LLP in 2017, adding Adrian Mecz, Michelle George, Jon Ogle and associate Michael George to the practice. They have extensive experience in international cases, including representing insurers and an education sector client in political risk policies, professional indemnity arbitration actions and reinsurance disputes. War and liability insurance expert Chris Zavos is defending Talbot Underwriting, Hiscox and Lloyd’s syndicates in underwriters’ liability litigation, which relates to a piracy attack that allegedly took place on the Brillante Virtuoso. Marine and energy sector guru Patrick Foss is acting for Munich Re, Zurich, Arch Insurance, Tokio Marine HCC (formerly Houston Casualty Company) and Ascot Underwriting in proceedings brought by Single Buoy Moorings concerning the alleged constructive total loss of a platform in the Yme oil field. Consultant Tim Ingham has been retained by the Civil Aviation Authority and its liability insurers in relation to a number of inquests into the deaths of pilots and cabin crew that were allegedly caused by aerotoxic syndrome. Key clients include MS Amlin plc, Beazley and Sompo Canopius. Practice head Liam O'Connell is praised for ‘making himself available at a moment’s notice’ and focuses on multi-party and cross-border disputes relating to professional indemnity claims for a range of professionals and their insurers. He also has strength in the contingency market and cyber insurance products. In addition to leading the Islamic insurance team, ‘tough and uncompromising litigatorSusan Dingwall heads the department with O'Connell and is adept in financial, professional, political and trade credit risks. Ffion Flockhart handles a broad range of matters, including policy wording work and transaction liability issues.

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Insurance: corporate and regulatory
Insurance: corporate and regulatory - ranked: tier 1

Norton Rose Fulbright

Norton Rose Fulbright has ‘a well-established insurance and M&A practice which is capable of handling very complex transactions with a commercial approach’, and the team ‘provides detailed expertise as required, seamlessly cooperating with its cross-border offices to advise on different areas of the law in multiple jurisdictions’. The practice is known for its role in various big-ticket deals, and has significant expertise in financial lines, class actions, technology-related matters and the marine, energy and aviation sectors. Notable work included acting for AXA on the establishment of a new venture with Chaucer Syndicates aimed at underwriting specialty insurance risks in Africa, political risks, energy and infrastructure being key among these, and advising Towergate Insurance on the £41m sale of the Broker Network and Countrywide Insurance Management to Highbridge Principal Strategies. James Bateson heads the practice, which also include corporate finance expert Maria Ross, Lloyds market specialist Bob Haken and David Whear, who has significant expertise in regulatory insurance law. Other significant clients include Prudential, Cardif Pinnacle and XL Catlin.

Leading individuals

Maria Ross - Norton Rose Fulbright

Next generation lawyers

Matthew Foster - Norton Rose Fulbright

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Insurance: insolvency and restructuring
Insurance: insolvency and restructuring - ranked: tier 1

Norton Rose Fulbright

Norton Rose Fulbright provides ‘an extremely positive level of service’ and ‘has a great knowledge of the insurance industry’. The team is noted for its strength in cross-border insolvency, and the restructuring group advises on the full spectrum of work including liquidation, alternative business structures, cross-border mergers and the establishment of UK businesses. Recent work included advising Towergate Insurance on its £41m sale of the Broker Network and Countrywide Insurance Management to a buyer entity, a transaction done as the next step following the client’s financial restructuring and recapitalisation, and assisting Enstar Group with the purchase of RSA’s legacy business. James Bateson heads the team, and has substantial expertise in regulatory and transactional matters. Other key figures include Bob Haken, who has a notable focus on discontinued insurance businesses, Maria Ross, who specialises in corporate finance matters, and Nicholas Berry. Prudential, XL Catlin and Charles Taylor are also active clients.

Next generation lawyers

Nicholas Berry - Norton Rose Fulbright

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Professional negligence
Professional negligence - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright has ‘a fantastic practice’ and its ‘experienced’ team is ‘flexible and able to adapt to the needs of the particular case’. It is noted for its ‘strong’ expertise in the financial services sector, and regularly advises clients on professional liability issues in this space. Headline work includes representing Gemini in its high-value professional negligence claim against CBRE and Warwick Street relating to property valuations. Beazley, Brit Insurance, Hyperion, Liberty Speciality Markets, Lloyds Bank and Marsh are also clients. Liam O’Connell is ‘one of the best lawyers in the field’, Paul Morrisstays calm in the face of attempts by the other side to create turmoil, and is great at managing a large team of solicitors and counsel’, Kirsty Hick is ‘outstanding’, Susan Dingwall is ‘a calm and reassuring presence to clients’, and Ffion Flockhart is also noted. Senior associate Helen Fairhead is ‘a real star in the making, intelligent, dedicated and a fighter and able to stand up to the most aggressive opponents’. Deirdre Walker heads the dispute resolution group. Chris Warren-Smith and Melanie Ryan joined Morgan, Lewis & Bockius UK LLP

Next generation lawyers:

Helen Fairhead - Norton Rose Fulbright

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London: Investment fund formation and management

Listed funds
Listed funds - ranked: tier 1

Norton Rose Fulbright

Norton Rose Fulbright is ‘one of the best, if not the best – clients get pragmatic and clear advice from one of London’s most knowledgeable and user-friendly teams’. Michael Newell advised Civitas Social Housing, a real estate investment trust investing in social housing, on its IPO, which raised £350m. Richard Sheenjust gets the job done and knows the demands of the market inside-out, which is so important’ – he advised JPMorgan Cazenove on its placing of £92.9m of shares in John Laing Infrastructure fund in order to refinance an existing loan, and Starwood European Real Estate Finance on its placing of £73m of shares. Ian Fox has ‘deep knowledge of the investment trust sector and great judgement and diligence’ – he advised JPMorgan Income & Growth Investment Trust on its rollover into JPMorgan Elect, which was represented by Sheen. Senior associate Margaret Simcock ‘delivers high-quality work and is great at keeping touch with clients to keep things on track’. Other mandates relate to changes in investment policies and zero-dividend preference share issuances.

Leading individuals

Richard Sheen - Norton Rose Fulbright

Next generation lawyers

Margaret Simcock - Norton Rose Fulbright

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Private funds
Private funds - ranked: tier 4

Norton Rose Fulbright

Norton Rose Fulbright’s Michael Newell handles a range of investment fund formation work, covering asset classes ranging from energy, direct lending and buyouts through to farmland and insurance. Clients include CN Investments, Ludgate Capital, the European Investment Bank, FMO and Faro Energy, a new client win.

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Retail funds
Retail funds - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright handles a range of work concerning Irish-domiciled mutual funds Michael Newell and senior associate Margaret Simcock advised on the launch of H2O Global Strategies ICAV, a Dublin-based mutual fund. Other clients include Tokio Marine and Charles Stanley.

Next generation lawyers

Margaret Simcock - Norton Rose Fulbright

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London: Projects, energy and natural resources

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

Norton Rose Fulbright

Norton Rose Fulbright fields ‘a team of specialists who are able to work collaboratively to achieve financial close’. The ‘knowledgeable, collaborative and solutions-drivenMatthew Hardwick recently acted for two English universities on the East Slope student accommodation project, which consists of the provision and maintenance of over 2000 housing units. Chris Brown is advising the Hellenic Republic Development Fund on the privatisation of 14 regional airports, and Daniel Metcalfe acted for Citibank, Goldman Sachs and Standard Chartered Bank as lenders of revolving credit facilities provided to IHS to refinance existing group debt and fund its tower building programme. Global head of business Martin McCann leads the firm’s infrastructure work and services its impressive client roster, which includes Balfour Beatty, Deutsche Bank, Infrared and new win National Grid. Mark Berry is also recommended.

Leading individuals

Martin McCann - Norton Rose Fulbright

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Mining and minerals
Mining and minerals - ranked: tier 1

Norton Rose Fulbright

Martin McCann’s mining team at Norton Rose Fulbright provides ‘first class technical knowledge backed up with deep industry expertise’ and was recently strengthened by the arrival of international arbitration lawyer James Rogers from the Hong Kong office. McCann, who ‘is very well respected in the market with a reputation for getting difficult things done’, recently assisted CBG with the expansion of its Sangaredi bauxite mine in western Guinea, while the ‘very knowledgeable and calm under pressureNeil Miller conducted an arbitration against a junior mining company in connection with disruption during the construction of a gold mine in Africa. The Eurasian Resources Group instructed the team on the construction and financing of its copper and cobalt project in the Kolwezi region of the Democratic Republic of the Congo. ‘Rising star for the futureHolly Stebbing, who was recently promoted to the partnership, is ‘technically first class’ and has ‘strong commercial knowledge’. Other key contacts are projects lawyer Mark Berry, who specialises in advising on the construction and delivery of complex projects, and finance expert Daniel Metcalfe.

Leading individuals

Martin McCann - Norton Rose Fulbright

Raj Karia - Norton Rose Fulbright

Next generation lawyers

Holly Stebbing - Norton Rose Fulbright

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Oil and gas
Oil and gas - ranked: tier 1

Norton Rose Fulbright

Clients of Norton Rose Fulbright’s oil and gas team praise its ‘appropriate and practical advice’. The firm fields among the largest dedicated oil and gas teams in London under the leadership of Richard Hill, and is able to leverage further resource across the firm’s extensive global network, making the group a natural choice for complex, multi-jurisdictional projects. Clients include Eni, ExxonMobil and BP. Charles Whitney led the team advising the lenders on four separate financings related to the Southern Corridor gas project, including a financing in connection with the TANAP gas pipeline in Turkey (on which it advised a consortium of commercial banks), and the project financing of the second stage of the Shah Deniz gas development project in Azerbaijan. In another financing highlight, Madhavi Gosavi acted for a syndicate of international lenders on $1.79bn of financing to Angola LNG for the purposes of paying for remediation works at an LNG plant and the repayment of equity which had been invested by sponsors. On the M&A front, Geoffrey Peters advised BP on the combination of its Norwegian subsidiary with Det norkse Oljeselskap to create Aker BP, while Eleanor Martin acted for Maersk Drilling on its acquisition of a newbuild harsh environment jack-up rig from Hercules Offshore, and Nick Prowse advised Eni on its investment in an $8bn oil and gas project in Ghana. The team also has a strong profile in disputes, with London-based energy disputes partner Neil Miller leading on contentious matters.

Leading individuals

Nick Prowse - Norton Rose Fulbright

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

Norton Rose Fulbright

The lawyers at Norton Rose Fulbright are ‘always looking for new ideas, the next opportunity, and how to turn today’s problems into tomorrow’s strengths’. Richard Hill heads the energy projects team in London, while ‘experienced practitioner’ Robert Marsh jointly heads the renewables and sustainable industry business group. Marsh led a team with Nicholas Pincott advising a financer group in relation to the Beatrice offshore wind farm, while Madhavi Gosavi acted for the Angolan Ministry of Finance as borrowers on the $4.13bn financing for the procurement and development of the Caculo Cabaça hydroelectric station. The firm was also appointed to oversee regulatory compliance and joint venture agreements on behalf of a technology supplier involved in the proposed construction of a nuclear power plant in the UK. Christopher Down and Charles Whitney assisted Marubeni and JinkoSolar with the financing and development of the Sweihan solar project in the UAE. Other key names include ‘extremely experienced’ banking partner Tomas Gärdfors, who is ‘a real pleasure to work with’; and Sydney-based global head of energy Simon Currie, whom one client describes as ’a real rainmaker’.

Leading individuals

Richard Metcalf - Norton Rose Fulbright

Rob Marsh - Norton Rose Fulbright

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London: Real estate

Commercial property
Commercial property: development - ranked: tier 1

Norton Rose Fulbright

Commercial property: general - ranked: tier 2

Norton Rose Fulbright

Commercial property: hotels and leisure - ranked: tier 1

Norton Rose Fulbright

Commercial property: investment - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright has a ‘strong, broad practice with good calibre lawyers throughout, who are all incredibly hard working’. The practice witnessed some change at the top, with the ‘fast, skilled and reasonableWasim Khan taking over from ‘outstanding lawyer and networkerDavid Sinclair as head of London real estate in May 2017. Khan has particular expertise in real estate matters employing Islamic finance. Sinclair, who remains a key figure, is able to ‘mastermind intricate negotiations’, and continued to act for 57 Whitehall Investments on the redevelopment of the Old War Office Building, Whitehall. In other examples of development work, David Hawkins assisted Ashby Capital with the forward funding of a new 100,000 ft² office building at Brunel Place in Slough, as part of the Heart of Slough Redevelopment; and Dan Wagerfield continued to act for Ecoworld on three prime residential projects in Nine Elms, London Docklands and on the River Lea peninsular. On the investment side, the team benefited from the post-Brexit interest of German funds in the UK market, and advised on a number of transactions for German sellers: Sinclair acted for GLL Real Estate Partners on the sale of Kinnaird House in Pall Mall, and Hawkins advised WealthCap on its sale of 100 Lower Thames Street. The team was also busy on behalf of key client TH Real Estate, which Neil Biswas assisted with the €250m sale of three shopping centre portfolio companies in Italy and Spain to a joint venture between TPG Capital and Partners Group. The practice is particularly well-regarded for its hotel expertise; Nick Clayson, who leads the team, has a strong Middle East client base and acted for Mubadala Development Company on the structuring of the Rosewood and Four Seasons’ hotels in Abu Dhabi.

Leading individuals

David Sinclair - Norton Rose Fulbright

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Construction: contentious and non-contentious
Construction: contentious - ranked: tier 2

Norton Rose Fulbright

Construction: non-contentious - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright is particularly noted for its strength across the infrastructure and natural resources sectors, and the team remained active in both areas during 2016. Non-contentious head Mark Berry specialises in EPC (and associated management) contracts, and together with Matthew Hardwick is acting for Ina-industrija Nafte (INA) on the front-end engineering design for INA’s residue upgrade project at its Rijeka refinery in Urinj, Croatia. In another significant international mandate, energy specialist Richard Hill is advising the Moroccan Agency for Sustainable Energy on the third phase of the NOOR solar-power complex in Morocco. Peter Hall, leads the nuclear services group, and is currently assisting with various nuclear new-build projects, including in the UK. The team also handles development work, and Hardwick is currently acting for the University of Sussex and University of Essex on a student accommodation project involving the provision and maintenance of over 2000 units of student beds at the University of Sussex’s Falmer campus near Brighton. On the contentious side, Donald Warnock and Simon Ramsden focus on international arbitration for the likes of Bombardier and Thales. Ramsden was also active on a number of litigated disputes, including representing Beckton Energy in the TCC in a dispute with a contractor concerning the employer’s right to make a call on an on-demand performance bond. International arbitration specialist James Rogers relocated to London from the firm’s Hong Kong office.

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Environment
Environment - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright’s ‘knowledgeable and committed’ team focuses on large infrastructure and energy projects, substantial remediation and redevelopment projects, and regulatory advice. The ‘highly experiencedCaroline May heads the team and handles both contentious and non-contentious mandates; recent work includes advising Dagenham Dock on its purchase of a former Ford stamping and tooling site in Essex from the Ford Motor Company, and continuing to advise DP World London Gateway on environmental liabilities arising from the site acquisition and implementation of the largest remediation and ecology programme in Europe. The practice continued to see an increase in instructions relating to product regulation, recall and safety, and in one highlight May is assisting Tokyo Electron Europe in relation to the negotiation of its sales contracts with its international customers. Consultant Jacqui O’Keeffe is ‘adept at understanding critical aspects of the work’ and has particular expertise in the waste sector, where she advises clients on regulatory and commercial matters arising from the trans-frontier shipment of waste. Lucy Bruce Jones was promoted to of counsel.

Leading individuals

Caroline May - Norton Rose Fulbright

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Planning
Planning - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright fields a ‘relatively small team that is growing in strength’ under the leadership of Duncan Field, who is ‘first rank in the quality of his legal advice and tactical thinking’. Field is particularly highly regarded for his work on infrastructure projects; in a standout matter, he successfully represented London City Airport on the planning appeal for its £344m expansion project. Other infrastructure highlights included advising DP World on planning issues arising from the London Gateway Port and Logistics Park, and assisting London Luton Airport Operations with the implementation stage of its expansion of airport capacity. Field and associate Victoria Watson, who ‘diligently provides very good advice’, were also busy in the development space, where they secured planning approval for the Crown Estate’s development of Duke’s Court, St James’s; they also acted for British Land Retail Warehouses on a judicial review claim which challenged the decision of Swindon Borough Council to issue liability notices for CIL in relation to a retail warehouse development at the Orbital Shopping Park in Swindon.

Leading individuals

Duncan Field - Norton Rose Fulbright

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Property finance
Property finance - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright’s ‘strong, broad, partner-led practice’ is well stocked with ‘incredibly hardworking, high-calibre lawyers’. The ‘calm, pragmaticRichard Hughes is ‘very bright, very commercial and very good fun to work with’, and ‘meets incredibly tight deadlines’; he advised Santander UK and United Overseas Bank on a £130m loan to the Meridian Group Hotel to refinance the original construction loan for the InterContinental Hotel at the O2 in Greenwich. Sarah Cullen has been active on the development finance side, assisting HSBC Bank and Bank of China with a £150m loan to Greenland Development Group for the Ram Brewery in Wandsworth. Also on the lender side, Daniel Metcalfe advised Standard Bank and Rand Merchant Bank on the restructuring of a $100m loan to Oando Wings Development for an office development in Lagos, Nigeria. Group head Duncan Hubbard acted for Invesco Real Estate on its €1bn refinancing of a portfolio of European properties, including a €390m facility for the client to expand its portfolio in France, Spain, Germany, Poland, the UK and the Netherlands. He also advised Scottish Widows on £9bn-worth of loan portfolio sales and secondary-market loan acquisitions. Additionally on the refinancing side, Dan Kennedy assisted PPHE Hotel Group with refinancing £585m-worth of loans in 2016. Senior associate William Lo is also recommended.

Leading individuals

Dan Kennedy - Norton Rose Fulbright

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Property litigation
Property litigation - ranked: tier 4

Norton Rose Fulbright

Norton Rose Fulbright’s position as ‘an international firm with the substantial resources needed for heavyweight litigation’ attracts an enviable list of clients, including Xl Catlin and Gemini (Eclipse 2006-3); the team recently acted for the latter as claimant in a high-profile negligence claim relating to a property valuation. The group is also defending Circus Apartments in High Court proceedings relating to alleged breaches of tenant covenants and is handling a range of issues including rent reviews, lease renewals and possession issues for Welput. David Stevens, who is ‘a great pleasure to work with’, heads the team and regularly acts for developers, investors, banks, landlords and corporate occupiers. Charlotte Bijlani joined Baker McKenzie Habib Al Mulla.

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London: Risk advisory

Brexit
Brexit - ranked: tier 1

Norton Rose Fulbright

Norton Rose Fulbright recently strengthened its offering by hiring consultant Milagros Miranda; she has previous experience serving as a Peruvian representative to the WTO and was involved in negotiating free trade agreements between Peru and the EU, as well as South Korea, Japan and EFTA. Beyond providing core legal advice to clients on the commercial and legal implications of Brexit, the firm has provided industry support; Peter Snowdon, for instance, provided evidence to the House of Lords EU financial affairs sub-committee inquiry on the impact of Brexit on financial services, and Jonathan Herbst and Hannah Meakin assisted the newly established Financial Services Negotiation Forum in an investigation into the post-Brexit options available to the UK financial services industry. Emma Giddings, who co-heads the Brexit team with Martin Coleman, has spoken at industry events on the impact of Brexit on the aviation and wider transport sector. Bob Haken, who has particular expertise in the insurance industry, is another key contact.

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Corporate governance
Corporate governance - ranked: tier 1

Norton Rose Fulbright

Norton Rose Fulbright’s global platform enables it to cater to the needs of financial institutions, individual directors and FTSE 100/FTSE 250 companies in a variety of domestic and cross-border matters. Under the leadership of Chris Pearson, the team advises on a wide range of non-contentious issues, including AGMs and annual reporting obligations, board composition, conflicts policies, and regulatory compliance. The firm also handles internal investigations, and is well versed in domestic and multi-jurisdictional regulatory investigations and enforcement action. Neil O’May specialises in defending global organisations and individuals against criminal prosecutions connected with corporate and white-collar offences. Another key contact is Sam Eastwood, who assists clients in designing, monitoring and testing compliance policies and procedures in relation to issues such as anti-corruption and financial crime. Jonathan Herbst, Peter Snowdon and senior associate Charlotte Henry all have UK and EU financial services regulatory expertise. Anglo Pacific, HSBC and Trinity Mirror are among the firm’s clients in this space.

Leading individuals

Chris Pearson - Norton Rose Fulbright

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Data protection, privacy and cybersecurity
Data protection, privacy and cybersecurity - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright’s ‘practical, approachable and friendly’ team ‘pulls out all the stops’ for a client list including BMW, Bank of Montreal, Telstra Global, PayPal and Deliveroo. Highlights included acting for NetScout on its GDPR compliance and similar requirements in India and China; providing a data breach response service to AIG; and producing a GDPR-compliant privacy notice form for Lloyds Market Association. Key areas of expertise include international data transfers, compliance policy audits and data breaches. The ‘excellentMarcus Evans heads the group, which also features litigator Jonathan Ball, IP team head Mike Knapper and insurance expert Ffion Flockhart. Clients also praise senior associate Miranda Byrne Hill, who has ‘strong technical knowledge’.

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Regulatory investigations and corporate crime
Regulatory investigations and corporate crime - ranked: tier 1

Norton Rose Fulbright

Norton Rose Fulbright represents a mix of corporates, financial institutions and senior executives in internal investigations, regulatory matters and enforcement proceedings, and regularly advises on the implementation of compliance programmes focusing on bribery and corruption, antitrust, economic sanctions and fraud. The firm has also seen increased demand for the application of Deferred Prosecution Agreements in the UK since their introduction into English law, and has also seen a number of instructions relating to senior management liability, whistleblowing and the proposed offence of failing to prevent economic crime. The team is headed by Ruth Cowley, who maintains an active litigation practice. The dual-qualified Lista M. Cannon is also a key figure, advising on investigation and enforcement proceedings, and Sam Eastwood and Neil O’May are other names to note. Chris Warren-Smith joined Morgan, Lewis & Bockius UK LLP

Leading individuals

Lista M. Cannon - Norton Rose Fulbright

Neil O’May - Norton Rose Fulbright

Sam Eastwood - Norton Rose Fulbright

Next generation lawyers

David Harris - Norton Rose Fulbright

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London: TMT (technology, media and telecoms)

Fintech
Fintech - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright’s ‘detail-oriented’ department attracts praise for its ‘very quick feedback and rapid turnarounds’, and benefits from the firm’s strong cross-border capabilities. Although it is active in a wide range of fintech areas – including peer-to-peer lending, robo-advice and financial services outsourcing – it is particularly singled out for its expertise in distributed ledgers, including blockchain. In keeping with the firm’s longstanding expertise in insurance, insurtech is also an area of notable activity. Clients range from emergent and well-established fintech players to high-profile banks and insurers. The practice is headed jointly by corporate partner Sean Murphy and fintech regulatory experts Imogen Garner and Hannah Meakin. Victoria Birch, who has recently promoted to the partnership, is noted for her experience in smart contracts and distributed ledger technology. Fintech procurement expert James Russell and ‘highly experienced’ structured finance specialist David Shearer are also recommended. Private equity and venture capital expert David Marshall joined from RPC in October 2016.

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IT and telecoms
IT and telecoms - ranked: tier 4

Norton Rose Fulbright

Norton Rose Fulbright’s ‘very knowledgeable’ team provides ‘excellent response times’ and stands out for its ‘depth’. Clients include Orange and McLaren Racing. Mike Rebeiro, who is the firm’s global head of technology and innovation, advised a global professional services firm on the global licensing of a SAP ERP system. Sean Murphy heads the firm’s technology sector group in EMEA and has particular expertise in the fintech sector; he acted for the founding shareholders of Sabio on the sale of the business. Oliver Stacey, who is a key name for technology and telecoms transactions, advised Orange on the sale of its interest in EE to BT. Mark Simpson, who is a specialist in antitrust and competition matters and specialises in the telecoms sector; acted for Vodafone in dispute pertaining to a claim brought against the suppliers of smart chips.

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Intellectual property
Intellectual property - ranked: tier 4

Norton Rose Fulbright

Norton Rose Fulbright’s ‘commercially aware’ team has expertise in contentious and non-contentious IP; it acts for clients including Carlsberg and Orange. Mike Knapper heads the firm’s Europe, Middle East and Asia IP practice, and has particular expertise handling commercial arrangements. His recent work includes advising Reckitt Benckiser on acquiring the K-Y brand from Johnson & Johnson, and advising Permasense on the sale of its patented wireless corrosion monitoring technology. Jonathan Ball, who heads the London IP practice, specialises in big-ticket patent litigation, but recently compiled and filed applications for copyright registration in China for McLaren Racing. Huw Evans, who has a full-service IP practice, recently acted for Saab Seaeye in a patent litigation dispute regarding two key Atlas patents. Of counsel Clare Jackman specialises in trade mark law.

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Media and entertainment (including media finance)
Media and entertainment (including media finance) - ranked: tier 4

Norton Rose Fulbright

Norton Rose Fulbright’s cross-departmental team is active across the broadcasting, publishing, film, live entertainment, online media, social media, music, sports and advertising sectors. Areas of expertise include handling disputes, regulatory, corporate, IP, brand and reputation management, and financing matters. It advises McLaren Racing and McLaren Applied Technologies on the management of its global IP portfolio, and recently advised on the £4.5m sale of its catering business, Absolute Taste, to One Event Management. Arqiva, Avesco Group, Econet Media, Pancho Music and Trinity Mirror are also clients. Mike Knapper heads the team and is adept at non-contentious IP instructions. Other key figures include Ian Lopez, who advises corporates within the media sector; Chris Pearson, who handles corporate finance transactions and M&A; and Jonathan Ball, who co-heads the IP disputes practice.

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Pharmaceuticals and biotechnology
Pharmaceuticals and biotechnology - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright’s ‘professional’ team is singled out for ‘providing timely and quality advice in a practical manner’. It continues to assist Horizon Pharma with the development and commercialisation of its products in the UK and Ireland; is acting for Oxford Nanopore Technologies in a patent infringement claim brought by Pacific Biosciences; and handled Reckitt Benckiser’s acquisition of the K-Y brand from Johnson & Johnson. IP litigator Huw Evans heads the life sciences and healthcare group, which includes Mike Knapper, who specialises in transactions involving the exploitation of IP rights, Jonathan Ball, whose recent work includes a patent and trade mark infringement and invalidity case, and of counsel George Cameron, who is ‘always very responsive’. Associate Inga-Marlene Pietsch is also recommended.

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London: Transport

Aviation
Aviation - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright’s ‘knowledgeable’ department advises on a range of antitrust, competition, regulatory, commercial, insurance, planning and disputes issues in the aviation sector. The team acted for Delta Air Lines on the acquisition of a slot at Heathrow Airport from Croatia Airlines. Other key work includes handling EC261 claims for numerous airlines including British Airways, easyJet, Jet2.com and Wizz Air. Duncan Batchelor heads the aviation department, which includes aviation disputes head Patrick Farrell, who has ‘vast’ experience in aviation litigation, arbitration and repossessions, Chris Randall, who handles transactional matters in the aviation sector, and Ian Giles, who handles competition, cartel investigations and merger control matters. Other key figures include consultant Tim Ingham, who advises aviation insurers and their insureds; Robin Springthorpe, who focuses on commercial litigation and arbitration, with a particular emphasis on commercial and regulatory issues; Simon Chamberlain, who handles regulatory and commercial matters; and Charlotte Winter, who handles complex aviation disputes. Senior associates Annabelle Wheeler, Dan Cowdy and Zayba Drabu are also recommended.

Leading individuals

Patrick Farrell - Norton Rose Fulbright

Robin Springthorpe - Norton Rose Fulbright

Simon Chamberlain - Norton Rose Fulbright

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Rail
Rail - ranked: tier 1

Norton Rose Fulbright

The ‘strong’ cross-practice team at Norton Rose Fulbright handles a range of matters in the rail sector including franchising and concessions, rolling stock, construction, projects and infrastructure, environmental law, health and safety, IP, technology, dispute resolution and competition. Highlights for the team included advising JLIF Limited Partnership on its acquisition of a 20% equity stake in Rail Investments (Great Western). Leveraging the firm’s international footprint, the team advised Commonwealth Bank of Australia on a £900m rail financing in partnership with Angel Trains. It has also been appointed to advise the City of Ottawa on the Stage 2 Light Rail Transit Project. DfT, Eversholt Rail Group and International Finance Corporation are also clients. Donald Warnock specialises in rail infrastructure projects and Andrew Buisson advises on major rail infrastructure transactions. Of counsel Louise Auty is an asset finance lawyer with extensive rail experience. Tom Johnson heads the team.

Leading individuals

Tom Johnson - Norton Rose Fulbright

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Shipping
Shipping - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright’s ‘excellent’ shipping team acts for international shipowners, ship managers, charterers, cargo owners, ports, shipyards, banks, trading houses and marine insurers on high-profile disputes. It is advising Lloyd’s Syndicates in relation to current claims brought against Starlight and others arising out of the sinking of Starlight’s vessel, the ‘Alexandros T’, and is acting for London market war risk insurers in the defence of claims following an alleged piracy attack on a crude oil tanker in July 2011. It is also advising the owners of the vessel ‘Baru Satu’ as well as its insurers after a collision off the coast of Greece. Philip Roche heads the department, which includes Patrick Foss, who is ‘exceptional on disputes’; Charlotte Winter (who is ‘a star’); and the ‘brilliant’ Chris Zavos. Jo Ward, Kevin Austin and Peter Glover, who are all of counsel, are also recommended.

Leading individuals

Patrick Foss - Norton Rose Fulbright

Philip Roche - Norton Rose Fulbright

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