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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's blue-chip client base includes GlaxoSmithKline, Carlsberg and HSBC. Raj Karia leads the team, which assists clients with negotiating manufacturing and supply agreements, collaboration arrangements and services agreements. It also advises on matters such as contract process management (including contracts involving complex procurement and tendering processes), brand exploitation (through franchising and sponsorship) and smart contracts. In 2017, Chris Grieves advised Harlequin Football Club (Harlequins) on an agreement to become a strategic partner and minority shareholder in Rugby International Marketing (RIM), the commercial subsidiary of USA Rugby, as well as in digital video platform The Rugby Channel. Another notable individual is Oliver Stacey, who was the lead adviser to Vodafone in a high-profile partnership with CityFibre to deliver a full-fibre internet service to one million homes by 2021. Also recommended are James Russell, Michael (Mike) Knapper, Marcus Evans and senior associate Zayed Al Jamil.

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Corporate tax
Corporate tax - ranked: tier 3

Norton Rose Fulbright

The 'well-established' team at Norton Rose Fulbright  offers clients 'an excellent level of service' while demonstrating 'good industry knowledge'. Real estate tax specialist Angela Savin advised Deutsche Finance International and Yoo Capital on their acquisition of the Kensington Olympia Exhibition Centre from Capital & Countries Properties in a £296m deal and associated post-completion structuring. She continues to advise Civitas on a number of its high value property acquisitions and compliance with the UK Real Estate Investment Trust (REIT) regime. Noted for his 'excellent international tax support', head of tax for Europe, Middle East, Asia and Brazil Dominic Stuttaford focuses on M&A transactions and corporate re-organisations and has a developing practice in blockchain technology. Instructed on multiple cross-border transactions, Matthew Hodkin advised Chinese businessman Jisheng Gao and his daughter Nelly Gao on the acquisition of a stake in Southampton Football Club, which involved the negotiation of the tax aspects of the sale and purchase documentation and jurisdiction-specific tax provisions.

Leading individuals

Angela Savin - Norton Rose Fulbright

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EU and competition
EU and competition - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright¬†is noted for its ‚Äėvery practical, pragmatic approach‚Äô, with the team noted as ‚Äėexcellent in working under pressure and with challenging deadlines‚Äô. London office competition practice head¬†Ian Giles¬†‚Äėis reliable and to the point and gives very balanced and pragmatic advice, with a unique ability to drill down and find the key points in the matter‚Äô. Giles acts as lead antitrust advisor to Delta Air Lines in Europe and has been advising the client on its joint venture arrangements with Air France-KLM. The¬†‚Äėvery client-orientated‚Äô¬†Peter Scott¬†was promoted to global head of the firm‚Äôs antitrust and competition group following Martin Coleman's¬†departure to become a non-executive director at the CMA. Scott ‚Äėthinks imaginatively and proactively‚Äô and recently assisted Mercer in relation to the CMA‚Äôs market investigation concerning the supply and acquisition of investment consultancy services and fiduciary management services. ¬†Mark Tricker¬†provides ‚Äėvery user-friendly and actionable advice‚Äô, acting for major corporates including Carlsberg, G4S and Reckitt Benckiser.

Leading individuals

Ian Giles - Norton Rose Fulbright

Mark Tricker - Norton Rose Fulbright

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Equity capital markets
Equity capital markets - ranked: tier 2

Norton Rose Fulbright

Counting listed investment funds, real estate and natural resources as areas of particular activity, Norton Rose Fulbright's team acts for issuers and underwriters on cross-border matters. Fiona Millington and the US-qualified Thomas Vita acted for Credit Suisse, Morgan Stanley and Goldman Sachs as global co-ordinators and bookrunners on Landscape Acquisition Holdings's $500m IPO, and assisted underwriters including Citigroup Global Markets, Liberum Capital and Macquarie Capital (Europe) on a £215m equity fundraising by CityFibre Infrastructure on the AIM. Vita and Ian Fox acted for Goldman Sachs International and J.P. Morgan Cazenove on BioPharma Credit's $881m IPO, and Millington and Alan Bainbridge advised Barclays on the $2.8bn sell-down of its stake in Barclays Africa. Clients on the issuer side include Greencoat UK Wind and Vodacom Tanzania.

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

Norton Rose Fulbright

Financial services contentious - ranked: tier 2

Norton Rose Fulbright

Benefiting from 'great experience in the area', Norton Rose Fulbright provides 'excellent all-round advice' to both retail and wholesale clients, both from a purely domestic standpoint as well as internationally - where it is able to leverage its huge global footprint. Aided by the firm's government relations and public policy team across Brussels, London and Washington, DC, and also with a large team of compliance and risk professionals working alongside the regulatory lawyers, the team is able to provide a holistic service which is mindful not only of the strict legal regulatory hurdles but also how to adapt in a commercial and practical way. The 'incredible' Jonathan Herbst heads up the office's four-partner non-contentious offering and has been at the forefront of thought leadership of major change in the industry including in relation to MiFID ii and Brexit (he recently co-authored a report for the Financial Services Forum on EU equivalence). Hannah Meakin has also been at the forefront of the firm's MiFID ii work on behalf of wholesale banking clients. In addition, Meakin's practice has also seen her active on the fintech front and in this regard she recently assisted Web 3.0 Technologies Foundation on its initial coin offering to support the creation of the a scalable, heterogeneous multi-blockchain system that would allow greater connectivity and inter-operability between blockchains. Imogen Garner leads the team's work on the buy-side and is advising The Investment Association (the leading trade association for the UK's asset management industry) on changes to the model documents used by its members to take into account the changes ushered in by MiFID ii. Spearheaded by dual-US and UK qualified partner Lista Cannon on the contentious side, the firm has the 'advantage of being able to draw on experience of being involved in cases with both a UK and US dimension', a strength which was further reinforced by the firm's recent merger with Chadbourne & Parke. Praised for her 'great strategic vision', Lista excels in handling multi-jurisdictional regulatory investigations/enforcements, and following five years of investigations and regulatory proceedings in the US and Europe achieved a notable victory on behalf of a former senior executive at JP Morgan, following the US government's decision to dismiss all civil and criminal charges against him.  Katie Stephen is also recommended for her contentious expertise and in addition to defending clients before the FCA and PRA, has also handled several Skilled Persons (section 166) reviews.

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 has an excellent track record at the upper end of the AIM market, where it advisers issuers and NOMADs on transactions involving sectors such as financial services, technology, and real estate. Stephen Rigby, who has acted for AIM clients for more than 15 years, is particularly active in the energy, oil and gas and renewable power sectors. The group includes Fiona Millington, Thomas Vita, of counsel Kevin Connolly and senior associate Christopher McCarthy, who acted for Citigroup Global Markets, finnCap, Liberum Capital and Macquarie Capital (Europe) as joint underwriters and bookrunners in a £215m equity fundraising by CityFibre Infrastructure. In another high-end mandate, Richard Sheen and senior associate Clementine Hogarth and others advised eve Sleep Plc on its £140m AIM IPO. Nick Adams and recently promoted senior associate Matthew O’Shea are other key figures in the group, which is led by Raj Karia.

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¬†,¬†¬†demonstrates ‚Äėfirst class client responsiveness and availability‚Äô, with an increasingly consolidated cross-border M&A offering.¬†The practice is strong for financial services, FinTech and distressed transactions. Representative clients include Delta Airlines, BMW, Rio Tinto and 3M. Oil and gas transactions have been significant, with¬†Kimberley Wood¬†assisting Shell with its disposal of a 45% in the Corrib gas venture to Canada Pension Plan Investment Board and¬†Stephen Rigby¬†acting for Hermes Investment Management on the acquisition of a substantial shareholding in a gas distribution network from National Grid, as part of a consortium. Other highlights included¬†Chris Viner¬†advising Mitsui group companies on the formation of a Norwegian joint venture company with AKOFS Offshore and Christopher Pearson¬†advising Trinity Mirror on its acquisition of Northern & Shell for ¬£127m.¬†Alan Bainbridge¬†is ‚Äėexcellent in terms of commerciality, board room interaction and credibility‚Äô, specialising in strategic M&A and corporate advisory work for financial institutions. Claire O‚ÄôDonnell¬†,¬†Nicholas Berry, Victoria Birch¬†and Charlotte Henry¬†were all promoted to partner level.

Leading individuals

Raj Karia - Norton Rose Fulbright

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Private equity: transactions
Private equity: transactions ‚Äď mid-market deals - ranked: tier 2

Norton Rose Fulbright

At¬†Norton Rose Fulbright,¬†David Marshall¬†recently succeeded outgoing partner¬†Richard Bull¬†as practice head, with Bull moving to¬†Proskauer Rose LLP. Marshall's team handles all stages of the investment lifecycle for a wide range of clients, including private equity investors, corporates and management teams. In 2017, Marshall and senior associate¬†Sophie O‚ÄôConnor¬†acted for the management team of Esendex in its acquisition by HgCapital from Darwin Private Equity.¬†Jason Moss¬†and of counsel Sarah Tonks¬†assisted TOMS Capital and Nomad Foods Limited with acquiring Green Isle Foods Limited for ‚ā¨225m. Another key figure is¬†Bayo Odubeko, who has particular experience of acting for Africa-focused private equity and infrastructure funds in their investments into Africa. Odubeko advised Alta Semper Capital on the acquisition of a controlling interest in Egyptian consumer healthcare company Macro Holding from its founders. The firm's other clients include One Peak Partners, Scottish Equity Partners and ValueAct Capital.

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

Norton Rose Fulbright

Norton Rose Fulbright's VAT team handles a mixture of standalone matters in addition to providing transactional advice. The group is led by Dominic Stuttaford who specialises in the tax aspects of corporate finance transactions and is representing BMW in a complex litigation regarding VAT grouping rules, a matter that will decide which entity is entitled to claim a refund of VAT where there have been changes to the composition of the group over time. Senior consultant Chris Bates heads the European VAT group and has extensive experience as an accredited mediator. Real estate and funds expert Angela Savin is 'a brilliant litigator' who is advising Commerz Real Investmentgesellschaft on SDLT positions regarding the expansion of Westfield Shopping Centre in Shepherds Bush.

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London: Crime, fraud and licensing

Fraud: civil
Fraud: civil - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright¬†combines ‚Äėdetailed technical legal advice with a viable commercial approach‚Äô. It advises on high-value, cross-border fraud and asset tracing matters. The firm continues to act for Citibank and Citigroup Global Markets in a Commercial Court dispute concerning financing transactions entered into with the commodities trader Mercuria, this matter is worth $285m. Deirdre Walker¬†heads the practice, supported by Ruth Cowley¬†and Matthew Waudby, who is ‚Äėabsolutely excellent in both the application of the law and managing the complex web of relationships in a difficult case‚Äô. Pamela Reddy¬†joined as partner. Chris Warren Smith¬†and Melanie Ryan¬†left the firm.

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Fraud: white-collar crime
Fraud: white-collar crime - ranked: tier 1

Norton Rose Fulbright

Norton Rose Fulbright¬†is ‚Äėan outstanding firm‚Äô that regularly acts for¬†senior executives, corporates and financial institutions in multi-jurisdictional regulatory investigations, enforcement proceedings and prosecutions. The firm continues to represent a former financial director of Tesco in relation to an ongoing SFO prosecution that resulted from profit overstatement in a case worth around ¬£250m. Peter Scott¬†heads the team, which includes Neil O‚ÄôMay, who¬†has ‚Äėquickly established a reputation as a go-to person for managing these cases‚Äô, and Lista M. Cannon, who¬†has ‚Äėlong-range vision and commands the confidence of her clients‚Äô. Pamela Reddy¬†joined as partner from Simons Muirhead & Burton. Chris Warren Smith¬†and Melanie Ryan¬†left for Morgan, Lewis & Bockius UK LLP.

Leading individuals

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 'has great depth of experience and knowledge in this practice area'. The team regularly acts in some of the most significant high-value banking and finance disputes; the team advises banks on disputes involving the whole range of banking products, including derivatives, bonds and structured finance, commodities and trade finance, and Islamic finance. The practice includes lawyers who are experienced in acting for banks in corporate crime investigations, fraud, asset-tracing and enforcement, enforcement of ship and aircraft mortgages, and insolvency disputes. It acted for The Law Debenture Trust Corporation, a corporate trustee, in a high-profile $3bn-plus Commercial Court claim (that went to the Court of Appeal in 2018) against Ukraine, brought on behalf of note holders to enforce payment of notes issued by Ukraine in 2013. Michael Godden heads the department; Paul Morris is 'a safe pair of hands and a sensible and pragmatic litigator'; and Matthew Waudby is 'the most extraordinary person, whose strategic and analytical thinking is impressive and he manages the most stressful situations in a calm and undisturbed manner'. Other key contacts include Lista Cannon, Radford Goodman, David Harris and John Verrill, the latter joining after the firm’s merger with Chadbourne & Parke LLP. Harriet Jones-Fenleigh  and Dominic Hennessy  are key of counsels. Chris Warren-Smith and Melanie Ryan joined Morgan, Lewis & Bockius UK LLP .

Leading individuals

Michael Godden - Norton Rose Fulbright

Next generation lawyers

Dominic Hennessy - Norton Rose Fulbright

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Commercial litigation
Commercial litigation - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright's 'professional, organised and capable practice' acts for public and private companies operating across the firm's key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. The team acted for Good Energy Group in relation to its rights and obligations to resist actions taken by an activist shareholder. Peter Scott is EMEA dispute resolution and competition head; Ruth Cowley 'delivers the goods'; Antony Corsi is 'very astute, commercial and succinct'; and Ffion Flockhart 'always sees the bigger picture'. Neil Miller is another name to note, as are of counsel Jane Park-Weir and senior associate Charlie Weston-Simons, who is 'super-smart'. Former Middle East head Patrick Bourke returned to the London office from Dubai, while recently appointed Middle East head Deirdre Walker relocated to the Dubai office. Chris Warren-Smith and Melanie Ryan joined Morgan, Lewis & Bockius UK LLP.

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Competition litigation
Competition litigation - ranked: tier 3

Norton Rose Fulbright

The team at Norton Rose Fulbright advises claimants and defendants on the full range of competition law proceedings before UK and EU courts and in regulatory appeals before the Competition and Markets Authority. Providing 'strong leadership', practice head Peter Scott is noted for his 'conscientiousness' and experience in high profile competition disputes. Scott represented The Law Society in its defence of a fast-track claim before the Competition Appeal Tribunal, brought by Socrates Training, alleging that the client's accreditation scheme breached competition law. In another stand out case, alongside Mark Simpson, he is currently representing Vodafone, as an indirect purchaser, in its High Court claims against multiple suppliers of smart chips; a case listed for trial in 2019. 'Highly competent' senior associate James Flett is another key figure on the team.

Leading individuals

Peter Scott - Norton Rose Fulbright

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International arbitration
International arbitration - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright is 'a very strong player; it has considerable strength in depth, which allows its talented lawyers to achieve successful outcomes for its clients'. The practice 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. James Rogers is 'thorough and reliable and has an incisive understanding of international arbitration law and practice'; Patrick Farrell is 'a very experienced litigator who has an exceptional understanding of strategy that results in successful outcomes for his clients'; and Sherina Petit  is 'pragmatic and will always go that further mile for clients'. The other recommended advisers are Neil Miller, Donald Warnock and Philip Roche, along with Holly Stebbing and Irina Tymczyszyn. Patrick Bourke  and Marie Kelly recently returned to London from the firm's respective Dubai and Athens offices, while Deirdre Walker moved to the firm's Dubai office as Middle East head. 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

Norton Rose Fulbright's tax litigation group provides 'a high level of service'; with 'strong team members' available to support lead partners. It handle a wide range of tax-related investigations and contentious matters, including major cases before UK tribunals and courts. Dominic Stuttaford is acting for BMW in a case against other corporates regarding which entity within a VAT grouping is entitled to claim a refund, where there have been changes to the composition of the group over time. He is also representing HSBC in a restitution claim in the Franked Investment Income Group Litigation Order, involving complex and evolving areas of domestic and EU laws, and the availability of compound interest in tax remedies. Angela Savin has substantial experience at all stages of contentious matters, while commercial litigation and investigations specialist Ruth Cowley is recommended for her work on group litigation orders.

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London: Finance

Acquisition finance
Acquisition finance - ranked: tier 5

Norton Rose Fulbright

Led by the 'experienced' Michael Ings, Norton Rose Fulbright provides 'highly professional and commercially minded advice' to a mix of lenders and borrowers including ING Bank, RBS, HSBC, Qatar Petroleum and Octopus Investments. The practice, while it does not handle the volume of sponsor-backed leveraged deals that many of its higher ranked peers do, it does excel at handling bespoke cross-border acquisition finance mandates, particularly those with a nexus to key areas of firmwide sector strengths including energy, TMT and transport. The 'excellent' James Dunnett recently acted alongside practitioners in the firm's Montreal office for SNC-Lavalin Group on the financing associated with its acquisition of WS Atkins plc. Asset based lending (ABL) expert Michael Black is also a key resource and regularly uses the ABL product as part of the financing package to fund acquisitions for clients including Wells Fargo.

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Asset based lending
Asset based lending - ranked: tier 2

Norton Rose Fulbright

Able to leverage the firm's vast international network, Norton Rose Fulbright's particular sweet-spot is in relation to handling major cross-border bilateral and syndicated deals. 'Superb' team head Michael Black has particularly strong ties with North American lenders including JP Morgan and Wells Fargo and regularly acts for them as arrangers in the context of syndicated transactions, whereby ABL debt forms an integral part of the capital structure. For example, Black recently acted for Wells Fargo as arranger of a £150m ABL facility for the Pattonair group as part of a capital restructuring undertaken by Exponent (the private equity owner) as a precursor to a sale of the group. Black also regularly handles cross-border mandates with complex inter-creditor arrangements involving ABL facilities sitting alongside other debt products, including his recent work for JP Morgan on the provision of a $350m term loan and a $300m asset-based working capital facility (sitting alongside a $350m bond issuance arranged by Citibank) to facilitate the capital structure for the Huntsman Corporation after it spun off its pigments and additives business as a separate group under new parent company Venator Materials plc. Senior associates Alex Dunn and Helen Masri are also recommended.

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

Norton Rose Fulbright

With 20 partners primarily focused on asset finance transactions out of London and also able to tap into the expertise of practitioners in key jurisdictions including Greece, Singapore, the US and the Middle East, the 'dedicated, responsive and deal-oriented' team at¬†Norton Rose Fulbright¬†has the critical mass and bandwidth to handle a tremendous volume of deals, from the relatively commoditised to the highly structured and complex. The 'experienced and dedicated'¬†Simon Hartley¬†is appreciated by shipping clients for his 'ability to handle complex and difficult situations in a calm and pragmatic fashion'. Hartley recently advised Soci√©t√© G√©n√©rale, as facility agent, on the French ECA-supported ‚ā¨1.3bn financing to facilitate the acquisition of two Vista class cruise vessels to be constructed by STX France for MSC Cruises. On the aviation front, the 'client focused' and 'very commercial'¬†Duncan Batchelor¬†is 'always willing to go the extra mile to assist'. Recent work highlights for Batchelor include his representation of Sumitomo Mitsui Banking Corporation and the Development Bank of Japan on the first Aircraft Finance Insurance Conortium (AFIC) insured aircraft finance transaction for a new aircraft delivery to KAL. 'Very well-known in the market',¬†Tom Johnson¬†has significant rail finance experience, both domestically and abroad; he recently acted for John Laing Infrastructure Fund¬† on its acquisition of an additional stake in the equity¬†(following on from its previous investment in rail rolling stock) of Rail Investments (Great Western). Other recommended practitioners include the 'experienced and creative'¬†Eleanor Martin, for her work in the offshore sector; shipping finance experts¬†Simon Lew¬†and¬†Harry Theochari; and¬†Owen Mulholland¬†and senior associate Will Alete,¬†for aviation finance. Other clients include Lloyds Bank, UniCredit, LOT Polish Airlines and Eversholt Rail.

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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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 provides an 'extremely professional service' to a balanced roster of lenders and investment grade corporates across a broad spectrum of syndicated and bilateral lending work, particularly in relation to transactions which occur within sector areas of focus for the firm. For example, the team regularly handles telecommunications financing matters within the emerging markets and is able to add value by dint of its vast international network, which includes offices in jurisdictions including Turkey. 'Diligent and persuasive' senior associate Alex Zekkos also has significant telecoms financing expertise and has worked with Triptree on much of the work for Turk Telekom including in relation to a $100m term loan facility made available to it by Bank of America. The firm also has a very strong reputation for handling oil and gas financings and led by Neha Khosla recently advised longstanding client Tullow Oil plc on the refinancing of its existing senior secured reserve based lending facilities with new $2.5bn facilities comprising of a senior bank facility and a separate tranche lent by IFC. Other recommended partners include Michael Ings, for telecoms and media financing work throughout Africa; James Dunnett, for oil and gas-related financings in the emerging markets; and Michael Black, for asset based lending work.

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Commodities: derivatives
Commodities: derivatives - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright is a strong player in the structured trade and commodity finance market, which requires significant expertise in commodity derivatives. The firm advises banks, development finance institutions, traders, producers and exporters in a broad range of commodities markets. Jonathan Herbst is global head of financial services and frequently advises on regulatory matters affecting trading, custody and clearing. Hannah Meakin is also recommended for advice on custody, brokerage and clearing. Daniel Franks has extensive experience in OTC derivatives and structured products, and handles commodity derivatives as part of structured trade finance transactions. The firm counts BTG Commodities (UK), Cargill and JPMorgan among its clients.

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Commodities: physicals
Commodities: physicals - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright is regarded as a strong firm for matters arising from the production, shipping,  transportation, warehousing, collateral management, financing and hedging of physical commodities, and it frequently handles complex disputes and regulatory matters arising from such activities. Among its clients are banks, DFIs, traders, producers and exporters in both emerging and developed markets. The practice is led by Nicholas (Nick) Grandage, who is head of banking and finance for the EMEA region and who has a stellar trade finance practice. He recently acted for Louis Dreyfus Company in in the disposal of its fertilisers and inputs businesses in Europe and Africa to Helios Investment Partners, which included the restructuring of commodity financing structures. Newly promoted partner Andrew Wood specialises in structured finance transactions in the commodities sector. He advised Standard Chartered Trade Services Corporation on an advance payment supply agreement for the purchase of LME-grade metals from an Indian supplier. Also recommended are litigator Neil Miller, newly promoted disputes partner Holly Stebbing and regulatory specialist Jonathan Herbst.

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

Norton Rose Fulbright

Norton Rose Fulbright handles contentious and non-contentious work for a broad range of debtors and creditors including Credit Suisse, Nordea, Emerging Africa Infrastructure Fund and BDO.  Able to leverage the firm's international network and also with the ability to access the expertise of transactional lawyers within sector-specific areas of strength for the firm as a whole, the team has recently handled numerous cross-border mandates within the transport, energy and telecoms sectors (all areas of core sector competence for the firm). For example, a cross-departmental team involving restructuring and finance practitioners recently acted for South African mobile operator Cell C on the bank finance and debt capital markets restructuring of its substantial recapitalisation. The 'proactive and thorough' Mark Craggs is an 'emerging talent' whose 'understanding of the pressures and nuances on the various stakeholders ensures that matters in which he handles are dealt with in a commercially pragmatic way'. Craggs continues to represent the liquidators of Lehman Brothers Australia in relation to its claims in the long-running administration of Lehman Brothers Europe’s broker dealer arm.  John Verrill (who recently joined the firm following the merger with Chadbourne & Park in May 2017); James Stonebridge;  Sarah Coucher; and consultant Hamish Anderson are all noted, in particular for their contentious insolvency expertise.

Next generation lawyers

Mark Craggs - Norton Rose Fulbright

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Debt capital markets
Debt capital markets - ranked: tier 2

Norton Rose Fulbright

'The service is excellent and the team very strong', says a client of Norton Rose Fulbright, adding that the practice has 'strong leadership and extremely high competence'. Consultant¬†Andrew Carmichael, who joined from¬†Linklaters LLP¬†in late 2017, leads the DCM practice in London, which is seen as a leading player in the¬†emerging markets debt space, as well as having a strong practice for sovereign debt, project bonds and debt restructuring. Its work in Africa included advising¬†South African mobile operator Cell C on cross-border debt capital markets, bank finance and equity restructuring to reduce its net financial debt, which entailed¬†the issue of two secured bonds. The key partner on that deal was¬†Peter Young, who is 'a down-to-earth guy with strong knowledge and great availability; it is a real pleasure working with him'. One client remarks that 'his professionalism and manners are simply impeccable'.¬†Farmida Bi¬†is another leading light in the practice and she handled an innovative deal for the¬†International Committee Of The Red Cross, which issued an ‚ā¨18m humanitarian impact bond to raise money from social investors. Her work on sovereign debt deals included advising the Islamic Republic of Pakistan on¬†its combined $2.5bn sukuk and Eurobond issuance. The Canada desk is another highlight of the London practice and¬†Peter Noble¬†is the lead partner. He acted for¬†Bank of Nova Scotia and Scotiabank Europe in the renewal of their $20bn EMTN programme.¬†US partner¬†Nikolai Mikhailov, of counsel Jacqueline Heng¬†and senior associate¬†Andrew Coote¬†are also recommended.

Leading individuals

Farmida Bi - Norton Rose Fulbright

Peter Young - Norton Rose Fulbright

Next generation lawyers

Jacqueline Heng - Norton Rose Fulbright

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Derivatives and structured products
Derivatives and structured products - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright's structured finance and derivatives practice sits within the capital markets group and is led by Nigel Dickinson and Daniel Franks, who have strong relationships with investment banks and count Goldman Sachs, JPMorgan Chase, Bank of America Merrill Lynch, Citibank and Commerzbank among their clients. Dickinson acted for a syndicate of investment banks including Credit Suisse, Deutsche Bank and Natixis on a $3.1bn loan to the Central Bank of Egypt, which in return transferred $4bn of collateral in the form of sovereign bonds issued by the Arab Republic of Egypt. He also acted for Merrill Lynch International on a repackaging transaction whereby Galaxy Capital Public Limited issued notes under its $50bn limited recourse secured debt issuance programme in respect of bonds issued by Novo Banco. Derivatives specialist Hannah Meakin also played a key role in that deal. A highlight for Franks was his work for a global investment bank on a template for total return swap to maturity confirmation, which involved a synthetic financing arrangement structured as a TRS and with embedded credit-linked mechanics, for use across the EMEA and APAC regions. Franks also advised a commodities broker on EMIR variation margin regulations and the negotiation of ISDA agreements. Derivatives specialist Jonathan Herbst is also recommended.

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Emerging markets
Emerging markets - ranked: tier 1

Norton Rose Fulbright

Norton Rose Fulbright excels in handling a broad range of practice areas that put in a prominent position to handle high-value emerging markets transactions from London. Its strengths in trade finance, Islamic finance, infrastructure, mining, commodities, agribusiness and energy, and its in-depth local knowledge in developing markets sees it involved in transactions in Africa, Central and South East Asia and Eastern Europe. Since its merger with Chadbourne & Parke, the London office has also been increasingly involved in deals in Latin America. Charles Whitney specialises in oil and gas, power and renewable energy project financings involving export credit agencies and multilateral financial institutions, notably in Africa, Central Asia and the Middle East. He advised the lenders on combined financings of $2.5bn for the the Southern Corridor Gas project, which includes the Shah Deniz gas field and TANAsP and TAP pipelines. Martin McCann is the firm’s global head of business and his finance practice is exclusively focused on emerging markets. Trade finance expert Nicholas (Nick) Grandage acted for trading house Louis Dreyfus in a financing package provided by Société Générale and Standard Chartered Bank as part of its disposal of businesses in nine African countries. Head of the firm's financial institution international business group Christopher (Chris) Brown, projects partner Mark Berry, who specialises in EPC and EPCM contracts, structured finance specialist Andrew Wood, finance partners Daniel Metcalfe and Madhavi Gosavi, mining and minerals specialist Raj Karia and Middle East and EMEA power projects specialist Chris Down all play key roles in the practice. Senior associate Daniel Giemajner, who handles cross-border project financings and other structured finance transactions in Africa, is a rising star.

Leading individuals

Charles Whitney - Norton Rose Fulbright

Martin McCann - Norton Rose Fulbright

Next generation lawyers

Daniel Giemajner - Norton Rose Fulbright

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Islamic finance
Islamic finance - ranked: tier 1

Norton Rose Fulbright

Davide Barzilai and Farmida Bi head the London team at Norton Rose Fulbright, which count a number of national governments as clients. Recent highlights include the London, Dubai and New York offices acting as structuring and documentation counsel in advising Al Rayan Bank Plc on a £250m shari'ah-compliant securitisation of home purchase plans. The transaction is the first shariah-compliant public securitisation in the UK and the first public securitisation in the UK to be issued under the UK’s alternative finance arrangements regime, designed to facilitate shari'ah-compliant securitisations. The Singapore, London and Hong Kong offices also advised the Republic of Indonesia on its pioneering move as the first Asian country to sell "green" wakala-structured sukuk internationally in a $1.25bn deal. The London office also advised the Islamic Republic of Pakistan on its $2.5bn combined sukuk and Eurobond issuance, the largest simultaneous multiple tranche transaction by Pakistan. Dubai-based Mohammed Paracha is another key contact. Senior associates Mark Brighouse and Andrew Coote are also key contacts in the London office.

Leading individuals

Farmida Bi - Norton Rose Fulbright

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Securitisation
Securitisation - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright's principal area of focus is UK and international RMBS transactions, in the form of securitisations and covered bonds, on which it advises¬†issuers, cash managers and trustees. The firm's strong Islamic finance practices sees it handle innovative¬†shari'ah-compliant structures, and it is also a key player in the emerging fintech space . The latter is exemplified by its work for AIG Europe on the establishment of a ¬£200m trade receivables purchase facility, through which the purchase and settlement of the trade receivables is facilitated using a blockchain platform.¬†David Shearer, who is co-head of the practice along with securitisation and structured bond specialist¬†Sandrine Sauvel, led that transaction.¬†Shearer and senior associate Mirella Hart, who has¬†extensive experience advising investment banks, private equity houses and corporate clients on a broad range of structured finance transactions, including securitisations, 'work together as an excellent team and are focused on executing deals in a commercial manner'.¬†Sauvel's highlights included acting for Piraeus Bank in issuance under its ‚ā¨10bn covered bonds programme.¬†Farmida Bi, who handled the ¬£300m¬†inaugural public securitisation of insurance credit premia by Premium Credit on behalf of HSBC, is also a key player in the practice.

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

Norton Rose Fulbright has a prominent role in structured trade finance transactions and the vastly experienced banking lawyer and practice head Nicholas (Nick) Grandage is one the leading lights in the market. He frequently acts for prominent banks, suppliers and trading houses such as BP, Louis Dreyfus and Citibank. His recent highlights include advising AIG and Standard Chartered Bank on the groundbreaking establishment of the first blockchain-enabled platform for the purchasing of trade finance receivables from a global logistics company. Newly promoted partner Andrew Wood, whom clients describe as 'responsive, straightforward and very frank', specialises in structured finance transactions in the trade and commodity sector and frequently handles pre-export and prepayment finance deals, as well as supply chain and receivables financings and borrowing base transactions for clients such as Rosneft, Gazprom Neft, Standard Chartered Bank and HSBC. He acted alongside senior associate Richard Wilkes  for the European Bank for Reconstruction and Development on the EBRD Trade Facilitation Programme, which involved the drafting and negotiation of documentation for issuance facilities and revolving credit agreements. The practice also calls upon the extensive knowledge of of Jonathan Herbst, who is the firm's global head of financial services; dispute resolution specialist Neil Miller; regulatory expert Hannah Meakin; and structured finance partner Daniel Franks.

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 'stands out as a highly creative, dynamic and client-centric firm' that handles the full spectrum of share scheme issues encompassing international incentive arrangements and share scheme implementation. Team head Matthew Findley is an 'invaluable resource' for clients providing 'quick and insightful advice when it is most needed'. Findley's recent work includes advising Deliveroo on its UK and global employee incentivisation programmes, assisting IMI with its international share plan and executive remuneration matters, and handling the share scheme elements of SNC Lavalin's acquisition of WS Atkins. Clients also single out senior associate Ann Moseley, who is 'absolutely outstanding and provides a great all-round service'.

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

Norton Rose Fulbright

Norton Rose Fulbright handles a wide range of contentious and non-contentious employment mandates including cross-border transactions, recruitment work, disputes, privacy law issues and industrial relations matters. Department head Paul Griffin is noted for his expertise in international employment issues and has substantial knowledge of the technology, financial services and transport sectors. Catrina Smith and of counsel Nick Howard are also recommended: Smith focuses on the energy, life sciences and infrastructure sectors while Howard handles issues in the pharmaceutical and technology fields. Clients include BMW, BP, Direct Line, Starr International and Pfizer.

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Health and safety
Health and safety - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright's practice provides 'an excellent level of knowledge and service' across fatal and major accident investigations, corporate manslaughter prosecutions, corporate governance issues, product liability work and transactional support. Department head Caroline May is 'extremely responsive and able to give practical and relevant advice'; she has substantial experience advising on the corporate response to accidents and occupational health and safety issues. Clients include Energizer Holdings, Reckitt Benckiser and IMI. Other key names include consultant Jacqui O’Keeffe and of counsel Lucy Bruce Jones.

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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 fields a team of 'incredibly thorough lawyers with a deep knowledge of the industry' who 'always deliver on time' led by Peter Ford. Ford's recent work includes advising the trustees of the Invensys Pension Scheme on changes to the scheme's benefit structure, compliance issues and a review of pension increase provisions. Lesley Browning is also a key name to note; she assisted Carrier Pension Trustee with the closure of the Carrier (UK) Pension Scheme to future benefit accrual, advised the trustees of the Stena Drilling Final Salary Pension Scheme on the scheme's merger into a group arrangement and handled John Menzies' closure of its DB pension scheme to future accrual. Katie Stephen is recommended for contentious mandates.

Leading individuals

Peter Ford (non-contentious) - 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¬†provides a ‚ÄėRolls-Royce service‚Äô that offers ‚Äėsound advice and good team work‚Äô. A practice that works across the board, it has seen a particular increase in activity by regulators, with clients relying on its D&O and regulatory investigation expertise. The firm is also increasing its cyber and data protection insurance practice as a result of new mandates such as its appointment as data breach response counsel to AIG‚Äôs large corporate insureds in Europe. Several of the team's highlights came from its strong marine¬†practice: it was instructed to pursue a recovery action on behalf of Aspen Insurance, Travelers and AXA, as hull underwriters, against the owners and mortgagee bank of Atlantik Confidence, in respect of the payment of a constructive total loss following the fire on board and eventual sinking of the vessel on 3 April 2013. Chris Zavos¬†led on this case and is currently also acting for London market war risks insurers in defence of claims following an alleged piracy attack on a crude oil tanker in the high-profile and well-publicised case of the Brillante Virtuoso. The practice is headed by Liam O‚ÄôConnell, known for his ‚Äėsound legal advice and innovative solutions to problematic legal issues‚Äô, and continues to grow. The arrival of the ‚Äėexcellent‚Äô Adrian Mecz, Michelle George¬†and Jon Ogle¬†from the firm's combination with legacy firm Chadbourne & Parke has further strengthened the insurance and reinsurance practice in London, adding ‚Äėstrong technical knowledge, tempered with good commercial and common sense‚Äô.

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

Norton Rose Fulbright

James Bateson¬†leads¬†Norton Rose Fulbright's¬†‚Äėextremely knowledgeable‚Äô insurance team, which is¬†continuing to develop, with Nicholas Berry¬†and Noleen John¬†recently promoted to partner. The practice is particularly notable for cross-border M&A and restructurings work, but can also boast a leading life assurance practice headed by corporate finance expert¬†Maria Ross, as well as a UK InsurTech practice, which means it is well positioned to advise clients on the regulatory and legal aspects of this emerging market. However, the firm‚Äôs Lloyd‚Äôs practice remains its stand-out area, and it demonstrates its expertise and experience by advising across all aspects of the Lloyd‚Äôs market.¬†David Whear¬†is a leading practitioner in this field, as shown by his work advising on the disposal (outsisde of Lloyd's) of leading UK managing general agent UK General Insurance to certain funds/vehicles managed by global private equity house J.C. Flowers & Co. Also noteworthy is the ‚Äėvery bright and easy to deal with‚Äô Bob Haken, who remains at the forefront of developments relating to Solvency II, and financial institutions M&A specialist¬†Matthew Foster¬†who advises insurers and banks.

Leading individuals

David Whear - Norton Rose Fulbright

James Bateson - Norton Rose Fulbright

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

The insurance team at Norton Rose Fulbright is best known for its work in financial lines (including directors' and officers' insurance); marine, energy and aviation; cyber and technology; complex claims; class actions; and regulation. Commercially aware and client driven, it has particular expertise in complex transactions, especially cross-border mandates. The team, headed by James Bateson, also includes Bob Haken, who previously spent nine months on secondment to the Prudential Regulation Authority (PRA), where he worked on the implementation of the Solvency II Directive. Recent highlights include Lloyd's market expert David Whear advising Probitas Holdings (Bermuda), the holding company for Lloyd’s turnkey Syndicate 1492, in relation to an investment by Saudi Reinsurance Company and a related group reorganisation. Also noteworthy is the team's continued innovation in areas such as InsurTech, with newly promoted partner Nicholas Berry leading the firm’s InsurTech practice. The growing practice also saw the promotion to partner of Noleen John, a member of the corporate insurance team.

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¬†is praised for its ‚Äėfriendly and collaborative approach‚Äô and is best known for its experience in the financial services sector, advising on a range of high-value claims involving financial institutions, asset managers, solicitors, accountants, actuaries, insolvency practitioners, stockbrokers and insurance brokers. Beazley, Brit, Hyperion, Liberty Specialty Markets and Lloyds Banking Group are clients. Ffion Flockhart¬†is defending Keoghs LLP¬†and its professional indemnity insurers against a ¬£127m fraud and conspiracy claim brought against it and two other solicitors' firms by Accident Exchange, a credit hire company. Liam O‚ÄôConnell¬†has a ‚Äėcalm but authoritative style of delivery‚Äô; Kirsty Hick¬†is ‚Äėfantastic‚Äô; and Susan Dingwall¬†stands out for her ‚Äėin-depth experience‚Äô. Corporate tax specialist Angela Savin; Lesley Browning, who handles pensions-related matters; head of tax for Europe, the Middle East, Asia and Brazil Dominic Stuttaford; property litigation head David Stevens; and Paul Morris, who focuses on banking and finance-related disputes, are also recommended, as are¬†Katie Stephen,¬†Michelle George, Jon Ogle¬†and Adrian Mecz,¬†who joined the team as a result of the merger with Chadbourne & Parke LLP, and senior associates Simon Radcliffe¬†and Helen Fairhead. Deirdre Walker¬†is now based in the firm‚Äôs Dubai office.

Next generation lawyers

Helen Fairhead - Norton Rose Fulbright

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London: Investment fund formation and management

Listed funds
Listed funds - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright's listed fund practice handles a range of mandates, but is particularly noted for its advice to investment banks and for handling housing-related funds. On the broker side, Ian Fox advised JPMorgan Cazenove and Goldman Sachs as bookrunners on the IPO of BioPharma Credit, and acted for HSBC and Numis Securities as joint bookrunners on the Sherbourne Investors (Guernsey) C IPO. Richard Sheen acted for investment bank Stockdale Securities, and Fox acted for the company, on the UIL's offer to roll over an existing class of zero-dividend preference shares to a new class. In the real estate funds arena, Michael Newell advised Residential Secure Income, which invests in social housing, on its £200m IPO. Other clients include Canaccord Genuity, The Renewable Infrastructure Group, and Starwood European Real Estate Fund. Margaret Simcock

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 6

Norton Rose Fulbright

At Norton Rose Fulbright Michael Newell acts for investors on a range of matters, including emerging market funds and venture capital matters. LP clients include ARM, Triple Jump, Proparco and  the African Development Bank.

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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 recently enhanced its capabilities in the infrastructure, energy and project finance sectors through its combination with Chardbourne Parke, which boasted a strong presence in the New York, Washington DC and Latin American markets. On the international front, Martin McCann is currently leading the advice to Yara Dallol with regards to the development of its new potash mine in Ethiopia and associated port terminal in Djibouti, while Chris Down is assisting Marubeni and JinkoSolar with the financing and development of the Sweihan solar PV in the UAE. Recent domestic social infrastructure mandates include Matthew Hardwick 's work on the East Slope student accommodation project which will provide and maintain of over 2000 units at the University of Sussex's Falmer campus, and the Meadows development at the University of Essex. Christopher (Chris) Brown leads the firm's financial institutional business group and is a key contact alongside Andrew Buisson and Daniel Metcalfe .

Leading individuals

Martin McCann - Norton Rose Fulbright

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Mining and minerals
Mining and minerals - ranked: tier 1

Norton Rose Fulbright

Described simply as 'the best' by one client, the 'excellent' mining and minerals team at Norton Rose Fulbright advised CBG on the expansion of its Sangaredi bauxite mine in western Guinea which involves the construction of additional rail and port infrastructure. Global practice head Martin McCann acted for Yara in the financing and development of their new potash mine in Ethiopia and the associated port terminal in Djibouti. On the banking side, the client-recommended Simon FT Cox handled the issuance of guaranteed notes on behalf of longstanding client Petropavlosk to raise funds for the refinancing of loans provided pursuant to its banking facilities. Holly Stebbing is also a key name to note alongside corporate practice head Raj Karia , projects specialist Mark Berry and dispute resolution expert Neil O’May.

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

Norton Rose Fulbright fields an 'experienced, highly-qualified team with in-depth knowledge of the oil and gas world'. A group of lenders appointed the group to advise on multiple financing transactions for over $2.5bn in connection with the Southern Corridor gas project, and Stephen Rigby acted for Hermes Investment Manager as part of the consortium which acquired a 61% stake in regulated gas distribution networks from National Grid. On the commercial front, Geoff Peters represented the ACG consortium - which includes BP, Chevron and ExxonMobil - in its negotiations with the government of Azerbaijan and its oil company to extend the Azeri-Chirag-Deepwater Gunashli production sharing agreement. The main names to note for contentious work are Neil Miller and Holly Stebbing . The 'excellent' practice head Nick Prowse always provides 'appropriate advice' and is also recommended.

Leading individuals

Nick Prowse - Norton Rose Fulbright

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

Norton Rose Fulbright

Norton Rose Fulbright is currently acting for the lenders to the Triton Knoll offshore wind farm project under the leadership of Rob Marsh , and Chris Down teamed up with EMEA energy head Charles Whitney to lead the advice to Marubeni and JinkoSolar as sponsors on the financing and development of the Sweihan solar PV project in the UAE. Daniel Metcalfe and Andrew Hart also handled a number of significant financing mandates. On the capital markets side, Stephen Rigby advised Greencoat on its $340m equity offering as part of its new share issuance programme and plan to acquire several wind farms. JP Morgan appointed Chris Grieves to oversee its acquisition of Infinis' onshore wind portfolio. Richard Hill has a particular expertise in the construction and contractual aspects of energy projects and spearheads the team from London. Nicholas Pincott retired from the partnership.

Leading individuals

Richard Metcalf - Norton Rose Fulbright

Rob Marsh - Norton Rose Fulbright

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London: Real estate

Commercial property
Commercial property: corporate occupiers - ranked: tier 1

Norton Rose Fulbright

Commercial property: development - ranked: tier 1

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¬†provides ‚Äėexcellent, straightforward real estate advice with no egos attached‚Äô. The team‚Äôs clients praise the synergy of the real estate sector group, which leverages the firm‚Äôs tax, planning, construction, finance, corporate and litigation expertise in large multidisciplinary investment and development projects. One of the group‚Äôs flagship projects, David Sinclair¬†is acting for a joint venture between India-based Hinduja Group and Spain‚Äôs OHL in relation to the ¬£1bn redevelopment and conversion of The Old War Office into a luxury hotel and luxury apartments; this matter also involved agreements with Accor Hotels, which were negotiated by hotel specialist Nick Clayson. Indeed, the team has a significant presence in the hotel and leisure space where it has particular experience in Middle Eastern jurisdictions. Clayson has assisted Nakheel PJSC on the appointment of an operator for an iconic hotel in Dubai, and is also advising Karan Group on the development and management of a five-star hotel in Wa‚Äôad Al Shamal, Saudi Arabia. Back in the London market, the department has carved out a specialism in assisting new entrants to the London market on HQ leasing arrangements. Department head Wasim Khan¬†advised eve Sleep on the leasing of its new London HQ, and also assisted Trinity Mirror with its multimillion-pound lease at 10 Lower Thames Street from Northern & Shell Media Group. Similarly, Dan Wagerfield¬†advised Trainline.com on a pre-let agreement for the client‚Äôs new Holborn HQ, and Lindsay Morgan¬†assisted ING Bank with the lease of its new London HQ at Moorgate. On the landlord side, Charles Pinkerton¬†acted for Prudential in relation to its multimillion-pound letting of 100,000ft to WeWork. Additional contacts include David Hawkins¬†and Neil Biswas.

Leading individuals

David Sinclair - Norton Rose Fulbright

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Construction
Construction (contentious) - ranked: tier 2

Norton Rose Fulbright

Contruction (non-contentious) - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright's transactional team is headed by Mark Berry¬†and Richard Hill.¬†Berry specialises in EPC and EPCM contracts and on the delivery of PPP projects, with particular expertise in the natural resources sector, recently advising JG Pears on the construction of a $100m thermal energy plant. Hill has a growing practice in transmission and renewable energy projects as well as advising various major corporates on energy and construction procurement. Other recent work from the team includes Matthew Hardwick¬†and senior associate Michael Weissman¬†advising on the renovation of the Rijeka refinery in Urinj, Croatia, which included the procurement, manufacturing, transportation and erection of a new main column for the crude distillation unit. Donald Warnock¬†heads the ‚Äėexcellent‚Äô disputes team. Also recommended are¬†Simon Ramsden¬†and James Rogers, who¬†is ‚Äėthorough, with an incisive understanding of construction law and practice‚Äô.

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Environment
Environment - ranked: tier 3

Norton Rose Fulbright

Caroline May heads the team at Norton Rose Fulbright, and continues to advise DP World London Gateway on environmental liabilities arising from the £1.5bn site acquisition and implementation of the largest remediation and ecology programme in Europe; and EirGrid and RTE, on the permitting and/or licensing requirements in relation to the £1bn Celtic Interconnector Project, proposed to run between mainland Europe and Ireland. The team has also recently expanded, with Andrew Hedges re-joining as partner in November 2017 to head up the Climate Change and Carbon Finance practice.

Leading individuals

Caroline May - Norton Rose Fulbright

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Planning
Planning - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright¬†is ‚Äėa very good firm for planning, particularly where it involves infrastructure planning work'.¬†The practice is headed by¬†Duncan Field, who¬†is a ‚Äėvery able planning lawyer and absolutely delightful to work with, guiding clients effortlessly through the trickiest of legal problems.‚Äô The team continues to advise The Crown Estate in relation to its ongoing ¬£1bn Regent Street Vision investment programme. Other recent work includes advising on the successful applications for planning permission and listed building consent for the conversion of the Old War Office in Whitehall from its previous Ministry of Defence function to a 125-bedroom luxury hotel complex; and providing ongoing advice to London City Airport in relation to the complex implementation of its ¬£400m expansion project. Associate Victoria Watson¬†¬†advises¬†on Central London mixed-use developments and UK-wide infrastructure schemes.

Leading individuals

Duncan Field - Norton Rose Fulbright

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Property finance
Property finance - ranked: tier 2

Norton Rose Fulbright

The 'excellent' team at¬†Norton Rose Fulbright¬†handles a mixture of acquisition and development finance matters, acting for both lenders and borrowers, with a particular focus on the hotel sector. Highlights included practice head¬†Dan Kennedy¬†acting for SNIPUT, a Jersey-registered property unit trust, on the ¬£200m acquisition of a tower building in Spinningfields, Manchester's financial centre, and¬†Sarah Cullen¬†advising a joint venture of institutional investors on the acquisition and financing of the Olympia London Exhibition Centre for ¬£296m. On the lender side,¬†Richard Hughes¬†(who 'really knows his stuff')¬†acted for a leading bank on the redevelopment of two buildings in West London as a new private members' club, and¬†Duncan Hubbard¬†and senior associate¬†William Lo¬†advised¬†M√ľnchener Hypothekenbank as lender on the refinancing of the acquisition of commercial property in Glasgow. The firm also has a strong RMBS practice.

Leading individuals

Dan Kennedy - Norton Rose Fulbright

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Property litigation
Property litigation - ranked: tier 4

Norton Rose Fulbright

The team at Norton Rose Fulbright¬†is ‚Äėof very high quality‚Äô, delivering ‚Äėrelevant appropriate advice‚Äô. Recent highlights included advising Schroder Real Estate on due diligence aspects arising from a 200m purchase and acting for WELPUT in managing its high-value London property portfolio. The group is also defending Circus Apartments in a High Court claim relating to numerous alleged breaches of tenant covenants. A counterclaim has subsequently arisen on the basis that the Landlord has unreasonably delayed applications to underlet the premises. David Stevens¬†heads the team and has ‚Äėan excellent grasp of the law and practice in this field‚Äô. Areas of expertise for Stevens include development constraints, dilapidations, tenant insolvency, overage disputes and forfeiture. BMW, Park Plaza Hotel Group and Thales Properties are new clients for the practice.

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London: Risk advisory

Brexit
Brexit - ranked: tier 1

Norton Rose Fulbright

Norton Rose Fulbright fields a core multidisciplinary Brexit team, which is led by Emma Giddings, that monitors developments in the negotiations and assesses the commercial implications for clients. Its advice on Brexit covers all the industries in which the firm has a particular focus, such as financial institutions, insurance, energy, transport and life sciences. The firm launched a dedicated trade practice in London in January 2017 as a response to the EU referendum vote; practice head Mark Simpson has trade treaty law experience, which includes free trade agreement negotiations under the WTO framework. In addition, counsel Milagros Miranda Rojas has more than 15 years of experience of advising and representing governments in trade policy and international trade law issues. Beyond core legal advice to its clients, the firm is extremely active on the thought leadership front. Jonathan Herbst has provided evidence to the House of Lords EU financial affairs sub-committee on the impact of Brexit on financial services. He has also been asked by the same sub-committee to give evidence on how financial regulation and supervision can evolve post-Brexit to ensure financial stability, and to ensure equivalence/some other form of close relationship between the UK and EU regulatory regimes to preserve market access. Harry Theochari is advising the UK government on the impact of Brexit on the UK's port and shipping interests. The energy team has been involved in various Brexit-related speaking engagements, conferences and client training events.

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Corporate governance
Corporate governance - ranked: tier 1

Norton Rose Fulbright

Norton Rose Fulbright combines local expertise with the resources of a wider global network to cover the full range of contentious and non-contentious issues across the corporate governance sphere. Its depth and breadth of expertise has enabled it to develop strong relationships with a number of FTSE 100 and FTSE 250 companies, financial institutions and investors, among others. Led by Christopher Pearson, the team advises clients on a wide range of matters, including preparing for AGMs, annual reporting obligations, shareholder activism, board composition and conflicts policies. Corporate partner Claire O’Donnell, who has more than 15 years of M&A experience, advises boards on the ethical aspects of transactions, directors' duties and other governance issues. Jonathan Herbst, who is the global head of the financial services regulatory practice, has specialist expertise in banking and brokerage regulation. The firm's strong non-contentious offering is complemented by its excellent record in contentious matters, including domestic and cross-border regulatory investigations and enforcement action. It has a particularly stand out reputation in investigations into financial crimes and related prosecutions; Sam Eastwood, (now at Mayer Brown International LLP) who led the business ethics and anti-corruption practice, is a name to note in this space. On a related note, Neil O’May, Ruth Cowley, Jason Moss and Paul Griffin are representing Carl Rogberg, the former financial director of Tesco, in a Serious Fraud Office prosecution connected with accounting practices at the retailer.

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

The 'very responsive' data protection, privacy and cybersecurity team at Norton Rose Fulbright has been singled out for 'always providing good advice'. The group has been acting for clients on GDPR compliance projects, including for Mitsubishi Electric Corporation which it has been advising specifically on export of personal data to the client's headquarters in Japan, and other non- EU jurisdictions. The practice is also instructed by AIG to handle domestic and multi-jurisdictional data breach issues in connection with the clients cyber insurance product. This has included advising a global financial institution following a ransomware attack and a retailer on the legal implications of a data theft by a former employee. Marcus Evans heads the practice, which includes disputes lawyer Jonathan Ball, head of IP Michael (Mike) Knapper and Ffion Flockhart, who utilises her insurance background to advise large corporates and financial institutions.

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

Norton Rose Fulbright

The ‚Äėoutstanding‚Äô practice at¬†Norton Rose Fulbright¬†advises a wide range of corporate clients in high-profile investigations. It is adept at handling multi-jurisdictional regulatory investigations and enforcement proceedings, criminal investigations and related prosecutions and civil litigation. It provides advices on issues of bribery and corruption, fraud, money-laundering, antitrust, economic sanctions, export controls, human rights and market manipulation. Sam Eastwood¬†(now at Mayer Brown International LLP)¬†headed the team alongside Peter Scott¬†and Neil O‚ÄôMay¬†who has ‚Äėquickly established a reputation as a go-to person for managing these cases‚Äô. Lista M. Cannon¬†is ‚Äėalways thinking three steps ahead of everyone else ‚Äď she has long-range vision, and commands the confidence of her clients‚Äô. David Harris¬†is noted for his ‚Äėmastery of the detail of all aspects of his cases‚Äô. Pamela Reddy¬†joined as partner from Simons Muirhead & Burton. Ruth Cowley¬†is also recommended.¬†Chris Warren-Smith¬†¬†and Melanie Ryan¬†left for Morgan Lewis.

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 1

Norton Rose Fulbright

Norton Rose Fulbright's department, which embodies 'a good balance of caution with practical assistance', has 'very good awareness of the blockchain space', and provides 'a sensible guide to the cryptosphere'; other areas of strength include regtech, insurtech, payments, robo-advice and establishing DLT platforms. The 'unflappable' Sean Murphy, who heads the group jointly alongside financial services regulatory experts Imogen Garner and Hannah Meakin, can 'absorb and martial an inordinate amount of information'. He acted for Web 3.0 Technologies Foundation on its $150m ICO to support the creation of a multi-blockchain system to develop greater connectivity between blockchains. He also assisted banks such as ABN AMRO and ING and energy companies including BP, Shell and Statoil with establishing a joint venture to develop a DLT-based commodity-trading platform. Garner advised a foreign state government on drawing up a legal framework for a new technology regulator. Corporate and regulatory insurance expert Nicholas Berry advised Lloyd's of London on issues surrounding the underwriting of cryptocurrency risks. Structured finance specialist David Shearer and banking expert Nicholas (Nick) Grandage acted for AIG and Standard Chartered Bank on a £200m trade receivables purchase facility, with blockchain facilitating the receivables' purchase and settlement. Other clients include UBS, Paxos and the New Payment System Operator (NPSO). Insurtech associate Charlotte Rowlandson's 'attention to detail coupled with her amazing turnaround speeds defy understanding'; one client describes her as 'a power behind the throne'.

Leading individuals

Sean Murphy - Norton Rose Fulbright

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IT and telecoms
IT and telecoms - ranked: tier 4

Norton Rose Fulbright

The 'commercial, practical and user friendly' technology group at Norton Rose Fulbright attracts praise for its 'industry knowledge' and 'quality advice during very tight time frames'. Sean Murphy heads up the technology and innovation team and Oliver Stacey leads the telecoms department. 'Strong negotiator' James Russell boasts 'strong understanding of the industry' and a 'commercial mindset', and led a team acting for AIG Europe on its blockchain-enabled platform for the purchase of trade finance receivables from a global logistics company. Vodafone, McLaren Applied Technologies and HSBC are all clients of the practice.

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Intellectual property
Intellectual property - ranked: tier 4

Norton Rose Fulbright

Norton Rose Fulbright's intellectual property department comprises teams focusing on brand management; litigation; and transactional licensing. The group is instructed by Oxford Nanopore Technologies in patent litigation brought by Pacific Biosciences of California relating to disruptive technology in the DNA sequencing market. Jonathan Ball has technology expertise and is leading a team continuing to defend Ingram Micro in claims for alleged infringement of mobile patents brought by IPCom, including in FRAND considerations. Michael (Mike) Knapper heads up the global practice and specialises in commercial and transactional elements. Another key name to note in the London office is Huw Evans.

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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 handles a range of transactions, including complex cross-border M&A, joint ventures, network sharing and outsourcing. It also advises on IP, global regulation, disputes, licence bids, privatisations, brand management, financing and investment for clients across the broadcasting, film, print, publishing, live entertainment, online media, music, sports and advertising sectors. Highlights included Harlequin Football Club on its agreement to become a minority shareholder and strategic partner in USA Rugby’s commercial subsidiary Rugby International Marketing (RIM) and in the governing body’s digital video platform, The Rugby Channel (TRC). The team is also acting for Trinity Mirror on the proposed acquisition of Northern & Shell’s publishing assets for £126.7m; and advised Thomson Reuters Founders Share Company on the sale by Thomson Reuters Corporation of a majority stake in its financial and risk business. The team also manages the global trade mark portfolio of Aardman Animations. Key figures include Ian Lopez, who handles corporate mandates in the media sector; Christopher Pearson, who is experienced in corporate finance transactions; Jonathan Ball, who co-heads the IP disputes practice; and Oliver Stacey, who handles corporate and commercial mandates. IP lawyer Huw Evans and of counsel Clare Jackman are also noted. Michael (Mike) Knapper heads the communications, media and entertainment team, in addition to heading the IP practice in Europe, Middle East and Asia.

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PATMA: Trade mark attorneys
PATMA: Trade mark attorneys - ranked: tier 4

Norton Rose Fulbright

Norton Rose Fulbright is instructed by high-profile brands such as Barclays, BNP Paribas and Energizer. Of counsel Clare Jackman leads the team and is an expert in filing and prosecution matters. Also recommended is Jonathan Ball,  who has been managing the trade mark portfolio for McClaren. Huw Evans  and Michael (Mike) Knapper are also recommended.

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Pharmaceuticals and biotechnology
Pharmaceuticals and biotechnology - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright's multi-disciplined practice has a client roster which includes big names such as GlaxoSmithKline, Pfizer and Bayer. IP expert Huw Evans leads the team and recently defended Oxford Nanopore Technologies against patent infringement claims brought by Pacific Biosciencs of California regarding DNA sequencing technology. Michael (Mike) Knapper also works on IP matters, predominantly non-contentious, while Jonathan Ball focuses mainly on IP and technology disputes. Also recommended are corporate finance specialist Milana Chamberlain, product liability expert Caroline May and corporate lawyers Ian Lopez and Gareth Kendall.

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London: Transport

Aviation
Aviation - ranked: tier 2

Norton Rose Fulbright

Norton Rose Fulbright’s aviation expertise spans a range of competition, regulatory, insurance, planning, commercial work and dispute resolution mandates. Corporate partner Chris Randall and antitrust and competition partner Ian Giles advised Delta Air Lines on its investment and partnership with Air France-KLM Group. Simon Chamberlain handles regulatory and commercial matters and advised Flyadeal on commercial contracts; and Robin Springthorpe is advising a UK airport on the effect on flying rights of a no-deal Brexit. The team also advises a number of airlines on EC261 passenger claims. British Airways, Wizz Air, Jet2.com and Virgin Atlantic are also clients. Consultant Tim Ingham and senior associate Annabelle Wheeler, who is based across the London and Munich offices, are also key figures. Duncan Batchelor heads the aviation team and Patrick Farrell  leads the contentious aviation practice, which also features Charlotte Winter.

Leading individuals

Patrick Farrell - Norton Rose Fulbright

Robin Springthorpe - Norton Rose Fulbright

Simon Chamberlain - Norton Rose Fulbright

Next generation lawyers

Annabelle Wheeler - Norton Rose Fulbright

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Rail
Rail - ranked: tier 1

Norton Rose Fulbright

Norton Rose Fulbright‚Äôs 'knowledgeable'¬†multi-disciplinary team is active across a range of rail sector mandates including franchising and concessions, rolling stock, projects and infrastructure, planning, finance, environmental law, health and safety; IP, technology, competition, tax, dispute resolution, regulation, real estate and construction. It advised The Go-Ahead Group on the successful issuance of a seven year ¬£250m guaranteed bond; and advised Eversholt on its bid to finance new rolling stock for Arriva in connection with its bid to operate the Wales and Borders franchise. Internationally, the London team is assisting colleagues in Canada in advising the City of Ottawa on the Stage 2 Light Rail Transit Project. The ‚Äėexperienced‚Äô Tom Johnson¬†leads the team, which¬†includes¬†Donald Warnock, who is experienced in infrastructure projects; the ‚Äėbrilliant‚Äô Andrew Buisson; of counsel Louise Auty, who handles rail sector finance matters; and senior associate Andrew Williams.

Leading individuals

Tom Johnson - Norton Rose Fulbright

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Shipping
Shipping - ranked: tier 3

Norton Rose Fulbright

Norton Rose Fulbright¬†is a ‚Äėformidable player in the shipping market‚Äô; it has ‚Äėgreat understanding of the legal and regulatory context‚Äô, and this is ‚Äėcomplemented by considerable strength in depth allowing the firm to deliver a seamless service to its clients‚Äô. It is active across regulatory matters and high-profile shipping disputes, where clients praise its ‚Äėstrong international expertise‚Äô particularly in complex cross-border mandates; and it regularly acts for shipowner, corporate, insurance and banking clients as well as trading companies, energy companies and trade finance banks involved in shipping. Patrick Foss, who handles major shipping disputes; Charlotte Winter, who has a ‚Äėprofound understanding of legal and commercial issues in any dispute‚Äô; and Chris Zavos, who is ‚Äėfantastic‚Äô, are recommended, as are Marie Kelly, who recently re-joined the London office from Piraeus; of counsels Jo Ward¬†and Kevin Austin; and senior associate Emma Burrage. Peter Glover¬†has moved to the firm‚Äôs Hong Kong office. Philip Roche¬†heads the department.

Leading individuals

Patrick Foss - Norton Rose Fulbright

Philip Roche - Norton Rose Fulbright

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