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Simmons & Simmons

CITYPOINT, ONE ROPEMAKER STREET, LONDON, EC2Y 9SS, ENGLAND
Tel:
Work +44 20 7628 2020
Fax:
Fax +44 20 7628 2070
DX:
12 LONDON CHANCERY
Email:
Web:
www.simmons-simmons.com
Abu Dhabi, Amsterdam, Beijing, Bristol, Brussels, Doha and 17 more

Top-tier Firm rankings

Firm Rankings


London: Corporate and commercial

Commercial contracts
Commercial contracts - ranked: tier 4

Simmons & Simmons

Simmons & Simmons’ practice, which is led by Mark Curtis, handles UK and cross-border commercial arrangements for clients active in sectors such as consumer products, TMT, finance, life sciences and energy. Alexander Brown acts for customers and suppliers in BPO and technology outsourcings, and has extensive knowledge of associated data protection, privacy and e-commerce issues. James Cotter is a go-to for advice on telecoms network infrastructure and ICT procurement contracts. Members of the team also assist clients with sponsorship arrangements, distributorship and agency agreements, supply and services contracts, and joint ventures/strategic partnerships, among other matters. Hinal Patel, managing associate Sophie Lessar and Lawrence Brown are other notable individuals in the group, whose clients include Virgin Media, SEI and Master Lock.

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Corporate tax
Corporate tax - ranked: tier 3

Simmons & Simmons

Reliable and responsive’, Simmons & Simmons handles tax advisory work and transactional support, and is especially active in the areas of financial services, life-sciences and TMT. In addition, the tax team is particularly recommended for its expertise in investment funds, and in 2016 Martin Shah acted for Oil and Gas Climate Initiative in relation to the tax structuring of a $1bn collaborative investment fund aimed at addressing climate change. On the advisory side, Shah also advises a number of US asset managers on the transfer pricing as well as direct and indirect tax issues of establishing their UK operations. Department head Nick Cronkshaw, who is ‘extremely able’, advised APG Rechtenbeheer on the merger of two London residential projects to form a £1.4bn joint venture with Delancey and Qatari Diar. Mark Sheiham specialises in the tax aspects of structured finance and capital markets transactions and continued to assist Greensill Capital (UK) in relation to tax issues arising from its supply chain financing programme. Hatice Ismail was promoted to partner in 2016.

Leading individuals

Nick Cronkshaw - Simmons & Simmons

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EU and competition
EU and competition - ranked: tier 4

Simmons & Simmons

The practice at Simmons & Simmons has particular strengths in the financial, energy, and TMT sectors; according to one client, its life sciences and IP knowledge ‘sets the team apart’. Charles Bankes and the ‘pre-eminentTony Woodgate head the team, which includes the ‘extremely reassuring and professionalPeter Broadhurst, and which counts Ofgem, Nippon Electric Glass, Cheyne Capital, and Schlumberger among its clients. Bankes acted for new client Future plc in relation to its £14.2m purchase of the issued share capital of Miura Holdings Limited, securing conditional clearance by the CMA. Broadhurst advised Lion Trackhire on the CMA’s merger control review of its £38m sale to Ashtead Group. Supervising associate Ajit Kainth was part of the team advising a consortium of banks, including Morgan Stanley and Nomura, on competition law issues related to the projected creation of a standard repackaging documentation platform.

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Equity capital markets
Equity capital markets - ranked: tier 3

Simmons & Simmons

With ‘strengths at partner and associate-level’, Simmons & Simmons’ equity capital markets practice is ‘hard to match in terms of value of service and partner oversight’. It acts for issuers and underwriters and has particular experience in main market transactions involving share offers to the US. Chris Horton is highly recommended and advised J.P. Morgan Cazenove and RBC Europe, as joint sponsors and bookrunners, in connection with the £350m capital raising by 3i Infrastructure through an open offer and placing. The ‘experienced and commercialColin Bole acted for Sanne Group in connection with the firm placing and open offer of 5.8 million consideration shares, the proceeds of which will be used to fund the acquisition of IFS – a Mauritius-based financial services group. Managing associate Andrew Scott joined from Freshfields Bruckhaus Deringer LLP and US securities partner Julian Perlmutter left to join a US software company in 2016.

Leading individuals

Chris Horton - Simmons & Simmons

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

Simmons & Simmons

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

Simmons & Simmons

Benefiting from ‘strength in depth’, Simmons & Simmons handles a variety of work for its core base of clients in the asset management sector, in addition to a significant roster of sell-side institutions. In addition to receiving direct instructions on MiFID II implementation, clients also benefit from the firm’s MiFID II Manager, a subscription-based tool with a focus on practical implication issues as opposed to merely providing the law. Charlotte Stalin established the MiFID II Manager tool and is noted for her ‘excellence in the area’. Darren Fox provides market-leading regulatory advice, often at a pan-European level, to hedge funds and asset managers. Jonathan Melrose provides regulatory advice across the non-contentious regulatory aspects of commodities, futures and metal derivatives trading. The ‘very client-focusedPenny Miller is also recommended, and the arrival of Rosali Pretorius in February 2017 from Dentons, enhances the firm’s already strong commodities and derivatives regulatory offering. Formerly at the FSA, contentious team head Richard Sims has an excellent perspective of FCA procedures and is frequently involved in the highest-profile investigations handled by the firm on behalf of both institutions and senior executives. Emma Sutcliffe has also recently completed a one year secondment at the FCA and is well regarded for her work on behalf of UK and foreign investment and retail banks, often in the context of a multi-jurisdictional investigation. The ‘pragmatic and commercialRobert Turner is a ‘trusted pair of hands’ on complex banking litigation as well as regulatory contentious regulatory matters. Stephen Gentle is ‘at ease advising both corporates and individuals’ and is able to provide a rounded and comprehensive service to clients by dint of his parallel experience in criminal and white-collar matter, particularly in matters of fraud, insider dealing and market misconduct.

Leading individuals

Charlotte Stalin - Simmons & Simmons

Next generation lawyers

Emma Sutcliffe - Simmons & Simmons

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

Simmons & Simmons

Simmons & Simmons’ team is particularly active in AIM work related to the life sciences and wider healthcare sector, where it acts for companies and brokers/NOMADs. In 2016, Charles Mayo, supervising associate Tim Wass and others acted for Stifel Nicolaus Europe as the NOMAD and broker in Oxford BioDynamics’ AIM IPO, while Chris Horton, Patrick Graves and supervising associate Stephanie Featherstone advised Cenkos Securities as NOMAD and broker on Creo Medical Group’s £20m AIM IPO and placing. Other areas of strength include TMT (including fintech), financial institutions and asset management/investment funds.

Next generation lawyers

Tim Wass - Simmons & Simmons

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M&A: upper mid-market and premium deals, £250m+
M&A: upper mid-market and premium deals, £250m+ - ranked: tier 6

Simmons & Simmons

Simmons & Simmons’ ‘very strong’ practice, which is headed by Giles Dennison, counts financial services, TMT and life sciences as particular sector strengths. Its capabilities in the asset management space, particularly involving real estate, are also noted; Arthur Stewart acted for Intertrust on its €557m purchase of Elian Group, while Edward Baker advised Growthpoint Properties on its €186m purchase of a 27% stake in Globalworth Real Estate Investment. The ‘very goodColin Bole advised Sanne Group on its $127m acquisition of IFS, a Mauritius-based provider of fund and corporate administration services. Asset management and life sciences expert Jocelyn Ormond assisted Avery Dennison with its £18m investment in PragmatIC Printing. Mark Curtis, Jason Daniel, Charles Mayo and Isabella Roberts are also recommended. Senior partner David Parkes, who is strong in retail, energy and African markets, arrived from King & Wood Mallesons in February 2017, offsetting the departure of Julian Perlmutter, who left to go in-house at Kairos Communications in May 2016.

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Partnership
Partnership - ranked: tier 3

Simmons & Simmons

With a concentrated focus on the private equity and hedge fund space, Simmons & Simmons handles both structural and contentious partnership issues and ‘in its particular specialist area, the team is second to none’. Gideon Sharp advised APG Asset Management in relation to a three-way joint venture with Delancey and Qatari Diar, which was structured through a series of LLPs and is linked to a large real estate development in London. A ‘bright and highly experienced draftsman’, Colin Leaver advised BlueCrest Capital Management LP on the partnership arrangements reflecting the new ownership structure following a majority disposal of interest in Systematica Investments LP to Affiliated Managers Group. The team also advises a litany of asset managers on contentious and non-contentious partner exits. Robert Turner, who is ‘an adept litigator, with a remarkably developed technical skill set’, handled a high-value partnership dispute and related reorganisation in 2016. Ania Rontaler is another key contact.

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

Simmons & Simmons

A pleasure to work with’, Simmons & Simmons is active in mid and large-cap transactions, particularly those involving regulated markets such as energy, infrastructure, TMT, life sciences and financial services. Gideon Sharp and Arthur Stewart co-head the London team, which also handles private equity real estate deals; in a recent highlight Isabella Roberts advised Avenue Capital on the $400m sale of its GL Europe student accommodation business to Brookfield Property Partners. Elsewhere, in another highlight for the group, Stewart led a multi-disciplinary team acting for Intertrust on the €557m acquisition of Elian Group from Elian’s management and funds managed by Electra Partners. Jason Daniel, who relocated from Tokyo, is a go-to for transactions with a Japan and UK nexus, while Iain Duncan and Cindy Valentine are experienced in deals in Africa. Also recommended are Nick Watson, and new recruits Jen Yee Chan, David Parkes and Cindy Valentine, who joined from King & Wood Mallesons.

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

Simmons & Simmons

Simmons & Simmons handles transactional, advisory and contentious indirect tax matters covering VAT, SDRT and SDLT, among others. On the contentious side, the team is particularly active in real estate, capital markets and funds transactions and is instructed by such clients as The British Land Company. In one particularly notable deal, department head Nick Cronkshaw advised APG Rechtenbeheer on the complex VAT and SDLT aspects of its £1.4bn three-way development joint venture with Delancey and Qatari Diar. Similarly, Cronkshaw has acted alongside newly promoted partner Hatice Ismail for Deka Immobilien in relation to its £164m purchase of a landmark office development in Manchester. Nick Skerrett leads the contentious side of the practice and is representing Veolia in judicially reviewing, in an industry test case, HMRC’s refusal to repay particular portions of landfill tax. Key contacts also include Mark Sheiham, who handles the tax treatment of structured finance transactions, and Martin Shah. Avenue Capital and Vodafone Group Services are other clients.

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London: Crime, fraud and licensing

Fraud: civil
Fraud: civil - ranked: tier 1

Simmons & Simmons

Simmons & Simmons has ‘a strong and diverse practice with a particular emphasis on the financial services sector’, and regularly handles disputes encompassing various jurisdictions including Eastern Europe, Russia and Japan. Notable work included representing a Russian businessman in a banking and fraud claim, a case arising from a $150m loan from the Bank of Moscow to JFC, a Russian fruit distribution company, where the latter failed to repay the loan. The team also acted for Walter Saunders, a conveyancer who acted for an individual fraudulently posing as the true owner of a £1.4m property. Key practitioners include Nick Benwell, who has a strong track record of dealing with large-scale investigations, and Tim Boyce, who advises financial institutions on fraud claims and major disputes.

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Fraud: white-collar crime
Fraud: white-collar crime - ranked: tier 3

Simmons & Simmons

At Simmons & Simmons, highlights included acting for a former chief financial officer charged with conspiracy to commit wire fraud, and representing a senior Russian businessman in connection with allegations of fraud and tax evasion in Russia, a case involving INTERPOL Red Notices and extradition from the UK. Nick Benwell heads the practice, and Stephen Gentlebrings a calm reassurance to all problems’.

Leading individuals

Nick Benwell - Simmons & Simmons

Stephen Gentle - Simmons & Simmons

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London: Dispute resolution

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

Simmons & Simmons

Simmons & Simmons’ international financial markets litigation group focuses exclusively on contentious work for financial institutions and asset managers; the team was recently involved in significant issues such as LIBOR, FX benchmarking, interest rate swap mis-selling for major high street banks, and PPI, as well as ongoing market events such as Lehman-related issues. The practice fields specialised dispute teams in asset management, investment and retail banking, private wealth, and contentious regulatory matters and investigations. It acted for RBS in an alleged EURIBOR manipulation dispute, arising out of a €2bn real estate finance transaction; it also acted for a Swiss private bank in its claim against a fraudster company and individual, which involved complex jurisdictional issues. Team head Robert Turner, along with Richard Bunce are highly rated; Caroline Hunter-Yeats is ‘great - always calm and charming, even under pressure’; Colin Passmorehas supreme command of commercial litigation issues’; Ed Crosse is recommended for enforcement, default and counterparty disputes, arising out of securitisations, structured products, asset financing and derivatives. Richard Sims heads the contentious regulatory practice; Tim Boyce advises financial institutions on regulatory investigations, major banking disputes and fraud claims. Other notable advisers are Robert Allen, Marc Thorley, Emma Sutcliffe and Alexander Thavenot.

Leading individuals

Richard Bunce - Simmons & Simmons

Robert Turner - Simmons & Simmons

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Commercial litigation
Commercial litigation - ranked: tier 2

Simmons & Simmons

Simmons & Simmonsimpresses with its responsiveness and has a fantastically good team that is very easy to work with and always strives to further clients’ interests’. The firm’s litigators are highly active in the financial services, TMT, professional services, and energy sectors; it is also recommended for disputes involving asset-management litigation, international retail finance, joint ventures and shareholders, life sciences, product liability, and aviation. The team acted for Sushovan Hussain, the former CFO of Autonomy Corporation (Autonomy), in civil proceedings brought against Hussain and Autonomy’s former CEO for alleged fraudulent misrepresentation; the proceedings arose out of Hewlett-Packard’s 2011 acquisition of Autonomy. Ian Hammondbrings a calm head to bear on the biggest cases’; Robert Turner is ‘a very shrewd lawyer’; and Patrick Boylan’s ‘unflappable approach under fire and his first-rate instincts on difficult tactical decisions are impressive’. Tim Boyce, Ed Crosse, Paul Baker and Colin Passmore are also key litigators. Energy and gas sector arbitration partner Stuart Dutson, who ‘has a brilliant mind and very engaging personality that rightly attracts high caliber clients’, joined from Eversheds Sutherland (International) LLP to bolster the firm’s Africa practice.

Leading individuals

Robert Turner - Simmons & Simmons

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Competition litigation
Competition litigation - ranked: tier 4

Simmons & Simmons

Headed by Tony Woodgate, the competition team at Simmons & Simmons acts in High Court competition damages claims and appeals, and has particular expertise in the pharmaceuticals and healthcare, financial services, energy and tech sectors. Woodgate has recently defended a major UK bank in proceedings related to its alleged abuse of a dominant market position regarding the termination of banking services. Additionally, the team is acting for Sharp in a High Court claim for damages in relation to the EC’s LCD cartel decision.

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International arbitration
International arbitration - ranked: tier 3

Simmons & Simmons

Simmons & Simmons fields specialist arbitration partners across the firm’s commercial litigation, insurance and construction practices. The firm hired ‘the commanding figure’ Stuart Dutson from Eversheds Sutherland (International) LLP, where he was London international arbitration head. The team acted for the Indonesian Government in a bilateral investment treaty arbitration, brought by Indian Metals & Ferro Alloys, which concerned an investment in a coal mining project. Simon Morgan is ‘a very safe and experienced hand at arbitration’; and Jayne Bentham, who is ‘a superb arbitration practitioner with great judgement’, specialises in large and complex multi-jurisdictional arbitrations, particularly in the telecoms and energy sectors. Other recommended names include David Sandy and Rob Horne.

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Public international law
Public international law - ranked: tier 3

Simmons & Simmons

Simmons & Simmons hired Stuart Dutson from Eversheds Sutherland (International) LLP. ‘Definitely a star in the field’, Dutson is ‘superb and has very good specialist knowledge of PIL, including treaty arbitration’. The practice has particular expertise in disputes involving emerging markets in Africa, the Middle East, China and the Far East; and its lawyers are industry experts in TMT, financial institutions, and energy and infrastructure. The team acted for the Indonesian Government in an India-Indonesia bilateral investment treaty arbitration that was brought by Indian Metals & Ferro Alloys, the dispute concerning an investment in a coal-mining project. Simon Morgan specialises in disputes involving China and the Far East; and Jayne Bentham has extensive experience of arbitrations in Africa.

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Tax litigation and investigations
Tax litigation and investigations - ranked: tier 2

Simmons & Simmons

Simmons & Simmons has ‘proven itself to be consistently excellent’ and ‘compares favourably to both Big 4 firms and other law firms’. ‘Excellent tactician and strategist’ Nick Skerrett heads the practice group and is perhaps ‘the pre-eminent litigator in the indirect tax litigation market’. In the group’s recent flagship matter, Skerrett acted on behalf of 20 banks and investment managers on an Indian tax ruling concerning the Indian Income Tax Revenue’s decision to assess foreign investment funds investing in Indian securities to Indian Minimum Alternative Taxation (MAT); the team successfully intervened in the appeal of the MAT decision and is handling individual judicial review proceedings to set aside the Revenue’s assessments. He also acted in group judicial review proceedings regarding the Government’s decision to withdraw a certain exemption from the Climate Change Levy. Darren Oswick specialises in transfer pricing, corporate avoidance and other various corporate-finance taxation. Heather Rowlands is a recommended senior associate in the practice group.

Leading individuals

Nick Skerrett - Simmons & Simmons

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London: Finance

Acquisition finance
Acquisition finance - ranked: tier 5

Simmons & Simmons

Simmons & Simmons’s banking and finance group regularly undertakes corporate-related acquisition finance deals and sponsor-driven mandates for both lender and borrower clients. The firm has a particularly strong brand for its Nordic financing work as underscored by Simon Middleton’s representation of Skandinaviska Enskilda Banken and Nordea Bank, as lead arrangers, on the financing for Konecranes on its €1.1bn acquisition of Terex Group. Alistair Hill regularly represents a broad cross-section of stakeholders including corporates, private equity sponsors, alternative credit providers and banks on leveraged finance deals; he recently acted for Future plc on all debt, equity and corporate aspects relating to its acquisition of Imagine Publishing. Other clients include HSBC, Citigroup and British Land.

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Bank lending: investment grade debt and syndicated loans
Bank lending: investment grade debt and syndicated loans - ranked: tier 4

Simmons & Simmons

Simmons & Simmons has a multi-disciplinary finance team that regularly handles new money corporate lending mandates for banks and borrowers. The Nordic region remains a fertile area for the firm and regularly assists lenders with syndicated transactions in the region. Simon Middleton advised Skandinaviska Enskilda Banken and the other mandated lead arrangers on a €200m multi-currency revolving credit facility for Valmet Corporation. Middleton also represented Citigroup Global Markets and Skandinaviska Enskilda Banken, as co-ordinating mandated lead arrangers and bookrunners, on a €1bn multicurrency revolving credit facility for Electrolux AB. The ‘helpful and responsive’ Alistair Hill is ‘detail oriented but does not lose sight of the bigger picture’. Other clients include Bank of New York Mellon, British Land, Morgan Stanley and HSBC.

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Commodities: derivatives
Commodities: derivatives - ranked: tier 2

Simmons & Simmons

Simmons & Simmons has a global commodities practice that ties in with its prominent derivatives team in London to generate significant mandates from buy-side and sell-side clients, as well as providers of market infrastructure. The firm counts many of the world’s leading banks and commodity traders among its clients and it is a key adviser to the key players in the European hedge fund industry. Furthermore, it has a highly regarded metals and bullion practice, though its work covers energy trading and a broad range of other commodities. Rosali Pretorius, who was previously head of the regulatory and commodity derivatives practice at Dentons, joined the firm’s regulatory group and added cross-border expertise to the practice. Jonathan Melrose leads the multi-jurisdictional commodities and energy trading and finance practice group, in which he specialises in UK and European regulation on trading, clearing and settlement, asset management and market conduct. Darren Fox, who specialises in energy, metals and financial futures, advises both buy-side and sell-side clients. A key strand of the team’s work in 2016 involved advising international financial institutions on implementation projects driven by regulatory and structural changes to commodity derivatives markets brought about by MiFID II and MiFIR regulations.

Leading individuals

Jonathan Melrose - Simmons & Simmons

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Corporate restructuring and insolvency
Corporate restructuring and insolvency - ranked: tier 5

Simmons & Simmons

Excellent at getting the deal over the line’, Simmons & Simmons’s seven-partner team has the strength-in-depth to effectively resource both domestic and international mandates for a wide array of stakeholders including funds, banks and corporates. Team head Peter Manning has broad-ranging non-contentious and contentious expertise; he advised Deloitte as administrators of HMV. Ross Miller has ‘extensive experience in distressed debt trading’ and regularly advises high-profile funds including Avenue Capital, which he advised on the acquisition and follow on sale of its ACSRE student accommodation platform to Brookfield Property Partners. Alyson Lockett is also well regarded for her debt trading expertise and is a key member of the team that includes the ‘technically strong and commercialRichard Cook. Other clients include Grant Thornton, Fidor Bank and Credit Veritas.

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Debt capital markets
Debt capital markets - ranked: tier 2

Simmons & Simmons

Simmons & Simmons has been building up its DCM practice, and is increasingly being viewed as ‘one of the main players in the market’. The firm now has four partners in London who ‘have the experience to handle any kind of transaction’, according to one client. Piers Summerfield has extensive experience advising underwriters, issuers and institutional investors and leads the international debt capital markets team with co-head Charles Hawes, who is dual qualified in English and US law and advises leading investment banks and issuers on complex and high-value deals. The practice added to its bench at senior level with the hire of Jonathan Mellor, who for the last 30 years was at Allen & Overy LLP and has extensive experience advising underwriters and issuers on all aspects of international debt transactions including liability management, structured equity and regulatory capital matters. Simon Ovenden also joined from Cleary Gottlieb Steen & Hamilton LLP to add experience in sovereign debt and emerging markets deals. Summerfield and Mellor have in-depth knowledge of convertible bonds and Hawes excels in deals with a US element including a growing portfolio of privately placed issues. The firm’s highlights included advising arranger JPMorgan Securities on €6.15bn-worth of notes from its €65bn EMTN programme; acting for British Land in €1bn of issuance from its EMTN programme; and handling tender offers for DONG Energy in relation to €2.25bn in outstanding notes.

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Derivatives and structured products
Derivatives and structured products - ranked: tier 1

Simmons & Simmons

Simmons & Simmonshas a strong pool of knowledge in the repack business’, says one client who notes that the ‘responsive, commercial and incredibly competitive team gives due thought and attention to all aspects of a new project’. Clients also note that the firm has the ‘breadth and depth to be considered among the market leaders’ and is ‘a clear winner on its combination of experience, quality and costs’. The firm has outstanding depth and breadth in its team, which allows it to have a significant role in market-leading developments such as the establishment of a market standard multi-dealer repackaging platform, on which it advised leading banks including Deutsche Bank and Morgan Stanley; Sean Bulmer, who ‘provides strong direction and co-ordination on projects, which proceed surprisingly smoothly’, led on the project. Head of capital markets David Roylance is highly regarded for his knowledge of credit derivatives and structured credit products, and advises both arrangers and investors on repackagings, structured notes, synthetic securitisations, total return swaps, repos and securities lending. Craig Bisson is ‘practical and helpful and makes a real effort to get to know his clients’, and is a key adviser to asset managers on derivatives, securities financing and regulation. Paul Browne excels in structured equity-linked and structured fund-linked transactions and is ‘making a huge effort – and succeeding – to get market share’. Clients ‘highly recommendAlan Davies and ‘very friendly, pragmatic’ rising star David Toole, who was promoted to partner in 2016. Davies advised Credit Suisse on structured finance components of the $800m notes offering by Demeter Investments. John Davies advises numerous issuers and trustees, Allan Yip is a recognised derivatives specialist, and Michael Dodson relocated to the Bristol office to lead the capital markets team there. Rosali Pretorius, who joined from Dentons, has outstanding experience in financial markets regulation which includes a strong focus on derivatives markets.

Leading individuals

David Roylance - Simmons & Simmons

Sean Bulmer - Simmons & Simmons

Next generation lawyers

David Toole - Simmons & Simmons

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Emerging markets
Emerging markets - ranked: tier 2

Simmons & Simmons

Simmons & Simmons has a well-respected practice that acts on both lender and borrower-side deals, and its strong team of partners draws on specialist expertise in banking, projects, capital markets and funds for emerging markets work. The team in London acts for a diverse range of clients including multilateral development banks such as the International Finance Corporation, EBRD and African Finance Corporation (AFC), as well as leading investment banks; funds such as Resource Capital Funds (RCF) and Orion; and corporates such as Mitsubishi Corporation and Tokyo Electric Power Company (TEPCO). Banking partner Omar Al-Ali, energy and infrastructure expert Adam Cooper and LNG projects partner Andrew Petry are all recommended. The firm significantly expanded its capability in London with the hire of Jen Yee Chan from King & Wood Mallesons, who focuses on funds finance and has experience in cross-border deals involving Africa, Kazakhstan, the Middle East, Poland, Turkey and Ukraine; Simon Moore who was general counsel for projects at Mubadala Development Company in Abu Dhabi; and Cindy Valentine, also from King & Wood Mallesons, who handles private equity deals in Africa. Structured capital markets specialist David Toole was promoted to partner and Adrian Nizzola, who has more than 30 years’ experience in the infrastructure sector, returned to London from the Dubai office. Highlights included advising TEPCO on a $3bn water and power project in Qatar; acting for lenders on the project financing of a bulk liquids terminal at Sokhna Port, Egypt; and assisting Orion Fund 1 with debt financing arrangements in relation to copper offtake from Ongopolo’s Tschudi open pit copper mine in Namibia.

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Securitisation
Securitisation - ranked: tier 2

Simmons & Simmons

Simmons & Simmons is ‘very commercial and technically able, with an excellent team that, while partner led, is strong throughout’. Clients also remark upon the team’s ‘good value for money and excellent industry knowledge’. The firm acts for leading investment banks, asset managers and emerging fintech clients, as well as government and supranational clients and trade bodies. It is often involved in first-of-their-kind transactions, including the first European marketplace loan securitisation for Funding Circle; this £129m deal was backed by loans originated through the client’s online lending platform made available to UK SMEs. The team also acted for Greensill Capital on a financing transaction arising from the sale of Alcan Aluminium UK to SIMEC Group, in which Greensill Capital bought the rights to future cash flows arising from receivables. Another notable deal saw the firm advise the European Investment Fund on a complex and bespoke synthetic securitisation involving a tranched portfolio guarantee of UK healthcare loans originated by The Royal Bank of Scotland. ‘Hardworking and solutions-oriented lawyerMichael Lorrainegoes the extra mile for clients and always knows what’s what on any serious legal issue’. James Bresslaw (who worked with Lorraine on the Funding Circle transaction), newly promoted David Toole (who led the transaction for the European Investment Fund), and financial regulatory partner Penny Miller are also recommended. Amer Siddiqui joined from Clifford Chance LLP.

Leading individuals

Michael Lorraine - Simmons & Simmons

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Trade finance
Trade finance - ranked: tier 1

Simmons & Simmons

Simmons & Simmons is praised for its ‘good service, good level of business acumen, and an excellent understanding of the client’s business and the market generally, meaning its advice is always commercial and practical’. The firm’s core trade finance capabilities tie in closely with specialist teams for trade, regulatory and disputes. The portfolio of work includes not only traditional trade finance transactions but also innovative areas such as fund formation, risk distribution and sanctions. Its client base includes several major banks and trading houses such as Castleton Commodities and Freepoint Commodities. John Sayers is a leading light in the market; his recent workload includes advice to banks and corporates on transactions in South and West Africa, southeast Asia, Central and South America, and Eastern Europe. Omar Al-Ali’s banking practice has a particular focus on trade and commodity finance and Michael Dodson has significant structured finance experience. Rosali Pretorius who specialises in broker-dealer, banking regulation, derivatives and funds, joined from Dentons and now acts in support of the trade finance team. Highlights included advising MRI Trading in relation to its on-boarding of the essDOCS e-bill of lading system, and assisting Castleton Commodities with a $3.3bn senior secured working capital facility and unsecured revolving credit facility.

Leading individuals

John Sayers - Simmons & Simmons

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London: Human resources

Employee share schemes
Employee share schemes - ranked: tier 3

Simmons & Simmons

Simmons & Simmons’ ‘approachable and commercial’ department specialises in assisting clients in the financial services sector in remuneration regulatory matters, counting Bank of America Merrill Lynch, Evercore and Mizuho Bank among its clients. Highly regarded department head Ian Fraser advised Old Mutual on management incentive rights in the context of the disposal of an asset management subsidiary; and also advised Sumitomo Rubber Industries on the employee incentives aspects of its acquisition by a UK distribution company, including designing and drafting retention arrangements. Associate Tair Hussain is also recommended.

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Employment: employees/unions
Leading individuals

Julian Taylor - Simmons & Simmons

Mark Hewland - Simmons & Simmons

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Employment: employers and senior executives
Employment: employers - ranked: tier 1

Simmons & Simmons

The ‘highly recommended’ group at Simmons & Simmons provides ‘pragmatic, commercial and common-sense advice’ and has ‘great experience’ handling high-value litigation for both domestic and foreign clients. Julian Taylor, who now heads the international group following Simon Watson’s move to an of counsel position, advised Visa Europe on complex employment issues arising from the client’s reintegration with Visa in addition to day-to-day issues. ‘Trusted adviserMark Hewland, whose ‘relationship skills are second to none’, defended Balyasny Asset Management in an unfair dismissal and discrimination claim brought by a former employee before the Employment Tribunal. The group’s client base includes BlueCrest, Societe Generale and Deutsche Bank.

Leading individuals

Julian Taylor - Simmons & Simmons

Mark Hewland - Simmons & Simmons

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

Simmons & Simmons

Simmons & Simmons’ department has notable experience in the pensions aspects of multi-jurisdictional corporate transactions for clients in the financial sector. The department is led by Michael Wyman, who has been acting for the trustees of the Zurich UK Pension Scheme on matters including scheme documentation and the appointment of a new infrastructure debt manager. The well-regarded Danny Tsang has been acting for the trustees of the InBev Pension Plan and Stag Brewing Pension Plan on a wide range of matters, including member disputes and investment issues; recent highlights include assisting on security, amendment and employer covenant issues related to the employer’s takeover of SAB Miller. Other clients include BASF, Gallaher and GlaxoSmithKline.

Leading individuals

Michael Wyman - Simmons & Simmons

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London: Insurance

Insurance and reinsurance litigation
Insurance and reinsurance litigation - ranked: tier 4

Simmons & Simmons

Simmons & Simmonstreats every instruction, regardless of value and profile, with care, pride and professionalism’, acting for Hiscox, Chubb and other preeminent insurers. Under the leadership of James Pollock, the practice ‘does not sit on the fence and grasps technical matters’ that cover multijurisdictional disputes concerning CAR, professional liability and business interruption policies, among other work. Jason Bright, who ‘goes above and beyond to assist his clients’, represents primary and excess layer insurers and reinsurers in complex coverage disputes, which include casualty, product liability and specie claims. Simon Hilditch is retained by insurers and their insured in litigation and arbitration relating to financial institutions, professional liability and D&O policies. Of counsel Iftikhar Ali joined from Signature Litigation LLP.

Leading individuals

Jason Bright - Simmons & Simmons

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Insurance: corporate and regulatory
Insurance: corporate and regulatory - ranked: tier 3

Simmons & Simmons

Simmons & Simmons’ team has particular expertise in insurance business transfers, company reorganisations, M&A transactions and risk management programmes, and regularly advises the life and general insurance markets on the full range of non-contentious issues. The department also has significant cross-border capabilities, most notably in China and Latin America, where it advises clients in the engineering, construction and energy sectors on casualty and specialist risks. Pollyanna Deane specialises in transactional and regulatory insurance matters, and has particular expertise in Solvency II matters and Part VII transfers, along with professional indemnity policy wording. Simon Thrower is the name to note for corporate lending and acquisition finance in the insurance sector, and Jocelyn Ormond advises on private equity transactions, financing agreements and corporate governance issues. Mitsui Sumitomo Insurance is also a client.

Leading individuals

Pollyanna Deane - Simmons & Simmons

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Product liability: defendant
Product liability: defendant - ranked: tier 3

Simmons & Simmons

A high number of Simmons & Simmons’s instructions derive from insurers and reinsurers that underwrite product liability policy covers. Jason Brightexplains complex matters brilliantly’ and is representing Allianz and its insured in a case that was reopened due to new found evidence, which relates to allegations that a defective printing press destroyed a commercial building, resulting in large business interruption losses. Ironshore, Lockton Companies and AIG are key clients of the ‘extremely well-organised and helpful’ group. Managing associate Sherry Goodman-Smith is recommended for consumer products matters and handles medical devices work with Bright, who has additional strength in pharmaceuticals and cyber liability risk.

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Professional negligence
Professional negligence - ranked: tier 2

Simmons & Simmons

Simmons & Simmons’ team is ‘an excellent choice for complex, high-value cases’, where it stands out for its ‘industry expertise, acumen and clout’. It specialises in claims against brokers, accountants, surveyors, valuers, actuaries, lawyers, construction professionals and IT consultants. Insurance head James Pollock provides ‘real care and attention to clients’ and focuses on defending solicitors, construction professionals and brokers in complex, high-value claims. Colin Passmore has a ‘fantastic reputation’ and handles disputes involving accountancy professionals and solicitors. Simon Hilditch is ‘a strong technical resource’ and handles financial liability matters and Carol Hewson specialises in commercial real estate and related professional negligence claims. Recently promoted partner Felix Zimmermann is also recommended alongside of counsel Jeremy Roberts. The ‘highly rated’ Emily Monastiriotis who is ‘excellent in construction disputes’ recently joined the team from Bond Dickinson LLP. Emma Kendrick-Jones is now in-house with AIG.

Leading individuals

Colin Passmore - Simmons & Simmons

James Pollock - Simmons & Simmons

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London: Investment fund formation and management

Hedge funds
Hedge funds - ranked: tier 1

Simmons & Simmons

A very good practice’, Simmons & Simmonshas an unrivalled commitment to providing enterprise-wide advice for the British hedge fund management sector’. Iain Cullen, who has ‘deep expertise, and is prepared to give you an answer’, advised Brevan Howard on its launch of Brevan Howard Securitized Credit Fund as well as modifications to management fee structures for its other funds. Richard Perry advised Schroder Investment Management on the launch of a fund with a Bermudan general partner entity. Dale Gabbert advised Duet Asset Management on the creation of a $250m fund-of-one for an American university. As far as existing funds are concerned, Perry advised Henderson Global Investors on the sale of a number of funds to Lombard Odier. The firm, which has ‘a deep bench of expert practitioners to serve time-critical projects – clients rely on their robust understanding of the sector’, also includes ‘excellent and statesmanlike’ regulatory specialist Darren Fox.

Leading individuals

Iain Cullen - Simmons & Simmons

Richard Perry - Simmons & Simmons

Next generation lawyers

Dale Gabbert - Simmons & Simmons

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Listed funds
Listed funds - ranked: tier 3

Simmons & Simmons

Simmons & SimmonsDavid Williams and Patrick Graves continue to advise Funding Circle SME Income Trust on matters following its 2015 IPO, including a £14.5m capital raising and the fund’s first securitised transaction. Chris Horton advised JPMorgan Securities and RBC Europe as sponsors and bookrunners of 3i Infrastructure’s capital raising, which secured £350m. Other clients include Brevan Howard and investment banks.

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Private funds
Private funds - ranked: tier 3

Simmons & Simmons

Simmons & Simmons’s private funds team covers debt, infrastructure and buyout fundraises alike, as well as work for significant governmental and private-sector institutional investors. Cindy Valentine, a new hire from King & Wood Mallesons, advised the European Bank for Reconstruction and Development (EBRD) on its Equity Participation Fund, which was designed to allow institutional investors to invest but keeps the EBRD in control of the fund. In the debt fund space, Matthew Pitman acted for Whitehelm Capital on creating its first European fund, Whitehelm Capital European Infrastructure Debt Partners I. In infrastructure, Dale Gabbert advised Resonance Asset Management on creating a closed-ended fund investing in water treatment facilities. David Williams acted for the European Investment Fund on a range of fund commitments and co-investments, as well as secondary market transactions.

Next generation lawyers

Matthew Pitman - Simmons & Simmons

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Retail funds
Retail funds - ranked: tier 2

Simmons & Simmons

Simmons & Simmons handles a range of retail fund formation matters for key names in the sector. Neil Simmonds acted for M&G Investments on creating a number of Luxembourg-based UCITS funds post-referendum, and represented Och-Ziff on its role in creating its first UCITS Fund, Lyxor/OZ US Equity Opportunities Fund, on Lyxor’s platform in Luxembourg. Mahrie Webb handles work concerning robo-advisors as well as fund formation.

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London: Projects, energy and natural resources

Infrastructure (including PFI and PPP)
Infrastructure (including PFI and PPP) - ranked: tier 3

Simmons & Simmons

The Simmons & Simmons infrastructure practice acts for clients such as the MoD, the EBRD and TfL. Practice head Richard Dyton, and managing director Simon Kenolty are acting for Momentum, a joint venture of three contractors, on bidding for enabling and civil works for the HS2 project. In the emerging markets sphere, Adrian Nizzola collaborated with the Dubai office to assist the government of the Republic of Somaliland with a concession arrangement with DP World in connection with the operation, management and maintenance of the Berbera sea port. The team is also equipped to handle contentious matters and James Pollock has recently handled several contractual disputes in the Middle East. Simon Moore joined the firm’s Bristol office from Mubadala, a development company owned by the government of Abu Dhabi, and is a key contact along with Andrew Petry and Juliet Reingold, who is co-head of the government group.

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Mining and minerals
Mining and minerals - ranked: tier 3

Simmons & Simmons

Simmons & Simmons’ mining and minerals team, headed by Iain Duncan, has strong experience in alternative forms of finance and dispute resolution work, including contentious tax advice. Recent work highlights include Adam Cooper advising Lynx Resources on its establishment and its acquisition of the entire issued share capital of Rudnik Sasa Doo Makedonska Kamenica from a Russian equity investor, as well as Colin Bole and Isabella Roberts acting for Orion on its acquisition of Anglo American Norte. On the contentious side, Stuart Dutson, who recently joined the practice from Eversheds Sutherland (International) LLP, is leading a cross-office team representing the government of Indonesia in a bilateral treaty arbitration brought by India Metals & Ferro Alloys regarding an investment in a coal mining project in Kalimantan. Duncan continues to assist Mondo with regards to the development of its nickel processing facilities and its offtake arrangements. Managing associate Rose-Anna Daukes is also recommended.

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Oil and gas
Oil and gas - ranked: tier 3

Simmons & Simmons

The oil and gas practice at Simmons & Simmons is led by Adrian Nizzola and Patrick Wallace; they have extensive track records in the energy and infrastructure sector, with Nizzola bringing valued experience from his time as general counsel to Qatar Petroleum. Wallace has wide-ranging experience handling mandates for oil majors in Africa, Central and Eastern Europe and Asia; his recent highlights include acting for Bulgaria’s state-owned gas company on the Bulgarian portion of the 2400km South Stream international natural gas pipeline project, as well as assisting the same client on the proposed development of the interconnector to the Greece-Bulgaria international pipeline. On the financing front, Adam Cooper is acting for the lenders, including International Finance Corporation, EBRD and Commercial International Bank (Egypt) on the project financing of a bulk liquids terminal for the import and storage of oil, LNG and LPG and the berthing of two FSRUs at Sokhna Port in Egypt. The firm also handles regulatory issues and disputes for oil supermajors and state-owned oil companies; Patrick Boylan is highly experienced in oil and gas related disputes, while Jonathan Melrose undertook a regulatory risk assessment on behalf of an oil company client. The firm boosted its disputes capability with the recruitment of Stuart Dutson from Eversheds Sutherland (International) LLP; he brings considerable expertise in bilateral investment treaty disputes. Iain Duncan is regularly called on to assist with contractual and corporate joint ventures in the oial and gas sector. Other notable clients include QP, the ADNOC and the government of Kenya.

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Power (including electricity, nuclear and renewables)
Power (including electricity, nuclear and renewables) - ranked: tier 2

Simmons & Simmons

Patrick Wallace leads the international projects practice at Simmons & Simmons, which was recently bolstered with the arrival of Stuart Dutson from Eversheds Sutherland (International) LLP. Clients include Mitsubishi, Blackrock and the NextEnergy Solar Fund. Adrian Nizzola is acting on the independent water and power project in Qatar, and Iain Duncan is advising Mainstream Renewables on its joint venture with Actis for the delivery of wind and solar projects in Chile. The firm was also engaged by a consortium to oversee the bidding for, financing and development of a major hydroelectric power project in Africa, which constitutes the first phase of a high-value initiative comprising significant energy infrastructure work. Juliet Reingold is leading the team in a series of significant matters in the nuclear space, while Richard Dyton is assisting an infrastructure fund with an innovative energy from waste project designed to generate power, heat and gas. Regulatory expert and chair of the international cleantech and renewables group Steven McNab is also recommended, as is finance specialist Andrew Petry.

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London: Real estate

Commercial property
Commercial property: development - ranked: tier 3

Simmons & Simmons

Commercial property: general - ranked: tier 3

Simmons & Simmons

Commercial property: hotels and leisure - ranked: tier 3

Simmons & Simmons

Commercial property: investment - ranked: tier 2

Simmons & Simmons

Commercial property: retail - ranked: tier 3

Simmons & Simmons

Simmons & Simmons provides ‘appropriate and pertinent advice’ to the firm’s substantial hedge fund client base, which includes the likes of Cheyne Capital and Sedco Capital. Recent investment-side mandates saw practice head John Kelsey act for Avenue Capital on the £400m disposal of its student accommodation portfolio to Brookfield; and Nick Jones assist Deka Immobilien Investment with its £164m acquisition of One St Peter’s Square, Manchester, from Argent and The Greater Manchester Property Venture Fund. The practice’s development work is often sourced through its investor clients, and in one example the ‘excellentMatthew Hooton (who is a ‘reassuring presence on a deal’), acted for Deka Immobilien Investment on the acquisition of a development site at Rathbone Square, London. In another development highlight, Bristol-based Iain Macfarlane continued to act for The Ministry of Defence on the new Defence and National Rehabilitation Centre at the Stanford Hall Estate, near Loughborough. Simon Kildahl is recommended for his hotel finance work; and the practice was strengthened by the hire of Richard Hopkinson-Woolley from DLA Piper and Deian Rhys from an in-house role.

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Construction: contentious and non-contentious
Construction: contentious - ranked: tier 4

Simmons & Simmons

Construction: non-contentious - ranked: tier 4

Simmons & Simmons

Simmons & Simmons expanded its contentious-side offering with the recent hire of Emily Monastiriotis and managing associate Jonathan Spencer, who joined from Bond Dickinson LLP. The two are recommended for their ‘strong commercial acumen’, particularly on behalf of both insurers and contractors. Contentious head Robert Horne, who is a ‘market leader in advising on the NEC form of contract’, was busy on a range of domestic and international mandates, particularly those arising in the transport infrastructure sector where he is regarded as ‘highly innovative’; he also sits as an adjudicator. On the transactional side, the ‘very professionalRichard Dyton focuses on the energy and infrastructure sectors, and is acting for Momentum Infrastructure in its bid for the enabling and civil works contracts for the High Speed 2 rail project. In 2016, Dyton was particularly active on behalf of key client the Ministry of Defence, which he advised on the construction of aircraft hangars, classroom training centres and flight simulator facilities on military bases. Other clients of the practice are PfalzSolar and Galliford Try.

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Environment
Environment - ranked: tier 3

Simmons & Simmons

At Simmons & Simmons, specialist areas include dirty site development, energy (with a particular focus on renewables) and waste and water, and the team serves a good spread of domestic and international clients. Recent highlights include acting for Iggesund Paperboard (Workington) on securing environmental permits (including permitting for water abstraction) for a paperboard mill, and assisting Energy China with its preparations for entering the UK energy and energy from waste market. Practice head Steven McNab has strong expertise in the solar sector, where he advised British Solar Renewables on regulatory issues relating to the design and structure of Bradenstoke Solar Farm at RAF Lyneham. The team’s caseload extends to product stewardship and real estate transactions: McNab and senior associate Sarah-Jane Denton advised Avaya on two matters relating to hazardous substances in products, and also acted for APG Rechtenbeheer on the purchase of part of the former Olympic Village at Stratford.

Leading individuals

Steven McNab - Simmons & Simmons

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Property finance
Property finance - ranked: tier 3

Simmons & Simmons

The ‘pragmatic, results-driven’ department at Simmons & Simmons is led by Mark Waghorn and provides ‘great service, very precise industry knowledge and good value for money’. Particularly strong on the lender side, and benefiting from healthy relationships with clearing banks, debt funds and alternative lenders, the team counts Morgan Stanley, Deutsche Bank, Santander and Cheyne Capital among its clients. Simon Kildahl assisted ING Real Estate Finance (UK) as arranger and lender on the £18m refinancing of a central London office property. William Greig advised APG Rechtenbeheer on the finance aspects of its merger of the Elephant & Castle and East Village residential projects to create a £1.4bn joint venture with Delancey and Qatari Diar. Greig also acted for HSBC as arranger and lender on the refinancing of a portfolio of properties owned by the Youth Hostels Association. British Land is another representative client. Richard Hopkinson-Woolley and Jen Yee Chan arrived from DLA Piper and King & Wood Mallesons, respectively. Securitisation and structured finance experts John Davies and Helen Hancock are also recommended.

Leading individuals

Mark Waghorn - Simmons & Simmons

Simon Kildahl - Simmons & Simmons

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Property litigation
Property litigation - ranked: tier 5

Simmons & Simmons

Carol Hewson is the key name of note at Simmons & Simmons; she primarily focuses on commercial property litigation, landlord and tenant disputes and insolvency-related matters, regularly acting for institutional landlords, developers, banks and commercial tenants. Hewson acted for key client Network Rail in a lease renewal dispute at the High Court.

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London: Risk advisory

Data protection, privacy and cybersecurity
Data protection, privacy and cybersecurity - ranked: tier 4

Simmons & Simmons

Simmons & Simmons’ team is noted for its cross-border expertise and its experience across the financial services, investment funds, TMT and life sciences sectors. It is advising Telefónica UK on several big data projects, as well as handling an international data compliance audit for Idemitsu Petroleum UK and assisting Huawei Technologies with data protection and cybersecurity issues relating to the supply of equipment for telecoms networks. Other clients include Moody’s, the University of Oxford, Virgin Media, GlaxoSmithKline and the Discovery Channel. Alexander Brown is the practice head, and other key team members are employment specialist Philip Bartlett and litigator Robert Allen.

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

Simmons & Simmons

Simmons & Simmons’ ‘well-regarded’ team has ‘good strength in depth’, combining expertise in investigations, litigation, crime and competition to advise across the full range of regulatory issues. It regularly reports to the SFO, the FCA and other regulatory bodies, and has a strong track record in large-scale multi-jurisdictional investigations involving corruption, fraud, money laundering and sanctions. Practice head Nick Benwell has a strong track record in securing search and freezing orders; Stephen Gentle has notable expertise in international financial crime investigations; and Tim Boyce acts for financial institutions in relation to fraud claims and litigation involving complex financial products. The firm’s clients include a mix of global insurance companies, hedge funds, investment banks and energy companies.

Leading individuals

Nick Benwell - Simmons & Simmons

Stephen Gentle - Simmons & Simmons

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London: TMT (technology, media and telecoms)

Brand management
Brand management - ranked: tier 3

Simmons & Simmons

Simmons & Simmons has wide-ranging brand management expertise spanning portfolio management, litigation, and brand-related transactional instructions including sponsorship and advertising issues. The group is particularly experienced in the finance, fintech, TMT, FMCG and life sciences sectors, and advises clients including Hugo Boss, The TJX Companies, Theravance Biopharma and Imperial Brands. Adrian Smith (who is ‘one of the safest pairs of hands’ according to clients) specialises in clearance, protection and enforcement of rights, and commercial brand exploitation arrangements, while managing associate Darren Meale’s level of legal expertise and organisational skills are ‘very impressive’; he is ‘a real pleasure to work with’. The team is advising Fontem Ventures on its trade mark and design portfolio and is handling a large number of disputes, including trade mark opposition and enforcement matters. David Stone joined Allen & Overy LLP in November 2016.

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Fintech
Fintech - ranked: tier 1

Simmons & Simmons

Simmons & Simmons fields a ‘very knowledgeable’ department that is ‘amazing on all fronts’; it provides ‘great partner service’, is ‘available 24/7’ and ‘genuinely adds value’. Since the firm counts financial institutions, asset management, investment funds and technology as key sector focuses, the strength of its fintech practice is unsurprising. It handles significant work for noteworthy clients in all fintech’s major areas: peer-to-peer lending, robo-advice, payments, crowdfunding, regtech, digital currencies and blockchain. The group also handles a wide range of other fintech-related matters, including securitisation, investment, technological development, regulatory advice, commercial contracts and data protection. The ‘incredible’ Angus McLean is a ‘key member of the fintech community’; he is noted for his ‘remarkable commitment to the fintech scene’ and demonstrates ‘a passion that can move mountains’. He was instructed by the government-owned British Business Bank, a development bank created to assist struggling SMEs, on assessing the suitability of certain finance platforms. Banking and finance partners Michael Lorraine and James Bresslaw advised Funding Circle on a £129m Deutsche Bank-arranged securitisation backed by loans originated through its online lending platform. The department’s other clients include MarketInvoice, Worldpay, Osper, Suade, Hargreaves Lansdown and, on the investment side, Augmentum Capital. ‘Commercial, responsive’ financial services regulatory partner Penny Millerreally knows her stuff’. TMT-focused managing associate George Morris has ‘excellent outsourcing capabilities’, and ‘reliable, practical and very commercial’ banking expert Alistair Hill ‘gets things done promptly’. Bristol-based financial services regulatory partner Mahrie Webb is also recommended.

Leading individuals

Angus McLean - Simmons & Simmons

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IT and telecoms
IT and telecoms - ranked: tier 2

Simmons & Simmons

Simmons & Simmons has ‘deep industry knowledge’ and ‘good communication’ skills. Tom Wheadon heads the ICT group and Alexander Brown heads the global TMT team and is highly regarded for his work on outsourcing and commercial ICT contracts. James Cotter is a key name for transactions in the telecoms sector; he recently advised Telefónica on the government’s smart meter implementation programme, and assisted SAGE with its procurement transformation project. Hinal Patel has expertise in technology transactions, and is ‘absolutely unflappable in negotiations’. Angus McLean is noted for transactional matters in the fintech sector. Associate Joanna Amess is ‘a perfectionist’ who is ‘very detail oriented’. Samsung and Virgin Media are also clients.

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Intellectual property
Intellectual property - ranked: tier 3

Simmons & Simmons

Amazing on all fronts’, the group at Simmons & Simmons provides ‘Magic Circle advice at a much cheaper price’. The team is highly regarded for its work in the life sciences and technology sectors, and acts for clients including GlaxoSmithKline and Morgan Stanley. The practice is headed by patent litigator Rowan Freeland. Kevin Mooney is known for his expertise as a patent litigator in the life sciences sector. Michael Gavey also has considerable strength in the life sciences, most notably in patent and technology licensing; he recently advised the Institute of Cancer Research on the sale of a portion of the royalty entitlement for the sales of the drug Zytiga to Drug Royalty III. Patent litigator Scott Parker works closely with pharmaceutical and biotechnology companies and represented ViiV Healthcare in its high-profile dispute with Teva pertaining to anti-HIV drug Kivexa. Marc Döring, Mark Heaney, Marjan Noor and David Stone joined Allen & Overy LLP.

Leading individuals

Mark Heaney - Allen & Overy LLP

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Pharmaceuticals and biotechnology
Pharmaceuticals and biotechnology - ranked: tier 1

Simmons & Simmons

Simmons & Simmons is a market leader for global patent, regulatory and transactional matters. The team is led by the highly regarded Michael Gavey, who ‘always responds promptly to correspondence’, ‘has a superb knowledge of the industry’ and ‘provides clear and concise advice’. He is also ‘able to call upon a large team of specialists providing tax and corporate finance advice, which he is able to access seamlessly’. Gavey advised GlaxoSmithKline on the establishment of the £40m Apollo Therapeutics joint venture fund (a collaboration with Johnson & Johnson Innovation, AstraZeneca and the technology transfer offices of Imperial College London, University College London and the University of Cambridge), and advised the Institute of Cancer Research on a royalty monetisation mandate concerning its product Zytiga. Charles Mayo advised Venture Life Group on its acquisition of Periproducts as well as its fundraising, and assisted Alzheimer’s Research UK on its investment in UK Dementia Research Institute. Rowan Freeland is a ‘brilliant litigator’ who is noted for his ‘excellent understanding of how the court works’; he is handling a number of high-stakes patent disputes for a number of industry giants. Scott Parker was part of a multi-jurisdictional team that represented ViiV Healthcare in major litigation against Teva across Europe relating to the patent of anti-HIV drug Kivexa, which is owned by ViiV. Lydia Torne and Amy Crouch are singled out for their ‘deep technical understanding’.

Leading individuals

Charles Mayo - Simmons & Simmons

Michael Gavey - Simmons & Simmons

Next generation lawyers

Lydia Torne - Simmons & Simmons

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London: Transport

Rail
Rail - ranked: tier 2

Simmons & Simmons

Simmons & Simmons is ‘very experienced in high-profile rail infrastructure projects’, provides ‘a high standard of advice’, and has ‘exceptional industry knowledge, particularly in understanding the practical delivery problems of large, complex construction or engineering projects’. It is advising TfL on the procurement of up to six different facilities management contracts, and is advising the DfT in relation to Network Rail’s operations and financing needs. The team is also advising Momentum Infrastructure, a JV of three leading contractors bidding for enabling and civil works on HS2. Team head Juliet Reingold has ‘exceptional experience’ of UK and international rail projects and ‘highly innovative’ construction partner Rob Horne has ‘extensive knowledge of rail and transport infrastructure projects’. Navneet Juty left the firm in 2016.

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Further information on Simmons & Simmons

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Legal Developments by:
Simmons & Simmons

  • Failure to counter financial crime: Norwich Union Life

    In December 2007, the Financial Services Authority (FSA) imposed a fine of £1.26m on Norwich Union Life (part of the Aviva Group), one of the largest life insurance businesses in the UK with around seven million customers. The fine related to failures to take reasonable care to establish and maintain effective systems and controls for countering the risks of financial crime. The fine is the latest confirmation of the emphasis being placed on protecting clients and customers from the threat of financial crime.
    - Simmons & Simmons

Legal Developments in the UK

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