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Slaughter and May

Living Wage
ONE BUNHILL ROW, LONDON, EC1Y 8YY, ENGLAND
Tel:
Work 020 7600 1200
Fax:
Fax 020 7090 5000
DX:
11 LONDON CHANCERY LANE WC2
Email:
Web:
www.slaughterandmay.com
Beijing, Brussels, Hong Kong, London

Top-tier Firm rankings

Firm Rankings


London: Corporate and commercial

Commercial contracts
Commercial contracts - ranked: tier 2

Slaughter and May

The ‚Äėtop-notch‚Äô Slaughter and May¬†advises on strategic, high-value, high-risk and complex commercial contracts. The practice includes specialists in competition, corporate and real estate law, and the multi-disciplinary team is ‚Äėresponsive, knowledgeable and commercial, and works in a very collaborative fashion‚Äô.¬†Duncan Blaikie¬†advises clients on the creation and negotiation of a range of commercial contracts across the areas of IP, technology, pharmaceuticals, sports and financial services. He co-leads the practice with Richard Todd, who specialises in major international and domestic projects. They can call on the expertise of IP/IT expert Rob Sumroy, who focuses on technology and outsourcing; the 'very capable and competent' Susie Middlemiss, who acts in litigation and commercial contract matters related to IP; and David Ives, who is particularly notable in the retail and technology sectors. The group is advising GSK on the divestment of Horlicks and other consumer healthcare nutrition brands to Unilever and the merger of GSK Consumer Healthcare Limited with Hindustan Unilever Limited.

Practice head(s):Duncan Blaikie; Richard Todd

Other key lawyers:David Ives; Susie Middlemiss; Rob Sumroy

Testimonials

'Slaughter and May have a unique and consistent culture - highly professional and fast, whilst being relaxed and approachable'

'Top-quality and immediate advice on all angles of the practice'

'Not only is the advice of a very high quality, it also is delivered on the spot if need be'

'Contract drafting is very high quality, very speedy and pragmatic'

'Senior associates and partners are all available when they need to be'

'The team are very approachable, practical and proactive when it comes to finding solutions'

'Duncan Blaikie is commercially astute, and quick to understand the client's position and requirements'

Key Clients

Marks & Spencer

Workspace Group

Credit Karma

innogy SE

TaylorMade Golf Company

GlaxoSmithKline

Salvation Army

John Lewis/Waitrose

Tottenham Hotspur FC

Vodafone

Thunderhead

TSB

Baillie Gifford

Nomura Research Institute

RSA Insurance Group plc

Burberry plc

Work highlights

  • Advised Marks & Spencer on the launch of Founders Factory Retail, a joint venture with Founders Factory focused on investing in and growing start-ups.
  • Advising Workspace on its procurement arrangements in respect of a range of goods and services supporting its customer offering.
  • Advised Credit Karma, one of the world’s highest-valued financial technology companies, on its first move into Europe with an agreement to acquire TransUnion’s Noddle business.
  • Advised innogy SE on the transitional and long-term servicing aspects of the aborted combination of Npower and SSE’s domestic retail operations in the UK.
  • Advised TaylorMade on its establishment of an exclusive distribution network across the Middle East and South Africa.
Leading individuals

David Ives - Slaughter and May

Rob Sumroy - Slaughter and May

Susie Middlemiss - Slaughter and May

Next Generation Partners

Duncan Blaikie - Slaughter and May

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Corporate tax
Corporate tax - ranked: tier 1

Slaughter and May

Slaughter and May's notable strength in depth enables it to advise on the full spectrum of transactional tax matters and securitisations, as well as offering strategic advice on restructurings and international tax issues across a range of sectors, including private equity, real estate, retail,  energy and manufacturing. The department is led by Sara Luder, who has substantial experience in contentious and non-contentious issues. Steve Edge is another key name and is often instructed in transatlantic matters. Dominic Robertson, whose 'technical knowledge is second-to-none' is noted for his experience advising clients in the technology space.

Practice head(s):Sara Luder

Other key lawyers:Steve Edge; Mike Lane; Gareth Miles; William Watson; Dominic Robertson

Testimonials

'Take a pragmatic approach to problems, listen to the position the business has taken and either counsel an alternative or provide an argument to back the position taken'

'Dominic Robertson can think on his feet when highly technical questions are given to him'

'Strength in depth and unparalleled technical expertise'

Key Clients

Bupa

Canary Wharf

CEVA Logistics

Deutsche Bank

GSK

HM Treasury

Work highlights

  • Advised Walmart on the proposed combination between J Sainsbury plc and Asda Group Limited, a wholly-owned subsidiary of Walmart, to create an enlarged business
  • Advised Tata Steel Group on its 50/50 joint venture with thyssenkrupp AG
  • Advised Vodafone Group Plc on the proposed acquisition of certain operations of Liberty Global.
Leading individuals

Sara Luder - Slaughter and May

Steve Edge - Slaughter and May

Next Generation Partners

Dominic Robertson - Slaughter and May

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EU and competition
EU and competition - ranked: tier 1

Slaughter and May

Slaughter and May’s competition group provides full-service competition law advice on high-profile merger control cases, contentious and regulatory issues, and state aid matters. The London team works seamlessly with the firm's sole continental European office in Brussels, advising on high-profile matters including Vodafone's proposed £18.4bn acquisition of Liberty Global’s telecoms business in Germany, the Czech Republic, Hungary and Romania. The group is also representing clients in a number of Phase II merger cases before both the CMA and the European Commission; among multiple examples, one noteworthy highlight is advising Tata Steel on its proposed joint venture with thyssenkrupp, aiming at the creation of a leading European steel enterprise. Another stable source of work for the team comes in the form of  instructions from clients in the consumer protection space. Practice head Philippe Chappatte leads a team advising two parties in the CMA consumer law investigation into accommodation booking sites, while Bertrand Louveaux is leading on handling competition law aspects of client GlaxoSmithKline’s divestment of Horlicks and other consumer healthcare nutrition brands to Unilever. Claire Jeffs has been leading a team assisting Google with the European Commission’s Article 102 investigation into its AdSense for Search advertising services. Isabel Taylor has particular expertise in state aid law. Special adviser Jackie Holland stands out for her significant experience in the public and private sectors.

Practice head(s):Philippe Chappatte

Other key lawyers:Bertrand Louveaux; Claire Jeffs; Isabel Taylor; Jackie Holland

Testimonials

An absolutely impressive first-class team. Everyone is extremely collaborative, working well as a team and also excellent at interacting with local counsel

There's a great depth of knowledge within the team across all areas of competition law and a consistently high level of quality

Multiple factors set the team apart— the exceptional client service, its tremendous strength in depth, and team members’ great industry knowledge

The team has unrivalled technical knowledge and adopts a hands-on approach towards managing complex regulatory and competition issues

Bertrand Louveaux is clearly an outstanding competition lawyer.  Extremely sharp, very experienced and commercially aware

Clients get the special feeling that they are working with the entire team, not just separate individuals

Bertrand Louveaux is a fantastic communicator with real gravitas: when he talks, people listen

Philippe Chappatte and Claire Jeffs are exceptional

Key Clients

Booking Holdings

Asda Walmart

IAG British Airways

Diageo

DS Smith

Ensco

Ericsson

GlaxoSmithKline

Google

Ineos

innogy

Marsh & McLennan Companies

McGraw Hill (Platts)

Royal Dutch Shell

Thermo Fisher Scientific

Shire

Tata Steel

Vodafone

Work highlights

  • Serving as lead legal advisers to Google in the European Commission’s Article 102 investigation into its AdSense for Search advertising services.
  • Advising Booking.com and Agoda on the CMA’s consumer law investigation into the online accommodation booking sector.
  • Advised price-reporting agency Platts in relation to the European Commission’s investigations into multiple companies' practices in producing, distributing and trading ethanol.
  • Advising Vodafone on its proposed acquisition of Liberty Global’s telecoms business in Germany, the Czech Republic, Hungary and Romania. The transaction is currently subjected to Phase II review by the European Commission.
  • Advised European energy group innogy on the competition law aspects of a proposed joint venture, aiming at combining the British energy retail operations of innogy's subsidiary Npower with  SSE.
Leading individuals

Bertrand Louveaux - Slaughter and May

Claire Jeffs - Slaughter and May

Isabel Taylor - Slaughter and May

Phillippe Chappatte - Slaughter and May

Next Generation Partners

Jackie Holland - Slaughter and May

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Equity capital markets ‚Äď mid-large cap
Equity capital markets ‚Äď mid-large cap - ranked: tier 2

Slaughter and May

'Peerless for UK issuer work', Slaughter and May is recognised by clients and peers alike as one of the strongest firms for deals on the London Stock Exchange (LSE). According to a market survey, no other law firm acts for more FTSE100 and FTSE250 companies. Of recent note, the team was engaged by Aston Martin in one of the last major LSE IPOs of 2018, and following the slowdown of the IPO market the practice group has been involved in a number of secondary fundraising transactions in connection with M&A. Nilufer von Bismarck heads the equity capital markets practice and also leads the firm's financial institutions group.

Practice head(s):Nilufer von Bismarck

Other key lawyers:Susannah Macknay; Richard Smith

Testimonials

'Unparalleled service; they think of everything and cover all of the bases'

'Offers depth and breadth, with reliable outputs and a pragmatic approach to delivery and risk share'

'Excellent transaction management.'

'The team has exceptional work ethic and a unique academic approach to work; very good understanding of the equity capital markets.'

'Never afraid to point out where market practice is being used illogically, but also very commercial and brilliant technically.'

'Richard Smith is a very capable lead amongst a range of talented junior colleagues.'

Key Clients

Standard Chartered

BBA Aviation

General Electric

Centrica

GlaxoSmithKline

Agrokor

Varde Management

Altor

Pollen Street Capital

Reckitt Benckiser

Work highlights

  • Advised Aston Martin Lagonda Global Holdings plc, the iconic producer of hand-crafted luxury sports cars, on its IPO of ordinary shares resulting in a total market capitalisation of the company of approximately £4.3bn.
  • Advised Cineworld Group plc on a four for one rights issue, raising approximately £1.7bn, and $4 billion of committed debt facilities, as part of its all-cash acquisition of the entire issued and to be issued share capital of Regal Entertainment Group.
  • Assisted DS Smith plc with the associated 144A rights issue to fund the equity portion of its proposed acquisition of Papeles y Cartones de Europa, S.A. (Europac), a leading Western European integrated packaging business listed on the stock markets of Madrid and Barcelona.
  • Advised Ocado Group plc on a placing of approximately 4.9% of its existing ordinary share capital which raised gross proceeds of £143m through an accelerated bookbuild.
  • Acted for Countrywide plc in relation to a capital refinancing plan including raising gross proceeds of £140m by way of a firm placing and placing and open offer.
Leading individuals

Nilufer von Bismarck - Slaughter and May

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

Slaughter and May

Acting primarily for banks, asset managers and insurers, Slaughter and May has a broad practice, specialising in high-stakes conduct matters, strategic advice on prudential regulation, ring-fencing and fintech. Jan Putnis leads the non-contentious practice and focuses on regulatory advice in relation to multijurisdictional corporate and commercial transactions. His team includes Ben Kingsley, who is advising Goldman Sachs’ Global Investment Research division on the restructuring of its contractual relationships with clients in light of the MiFID II inducements regime. On the contentious side, the firm has notable experience in financial institutions advisory work, as well as fraud and white-collar crime matters. Sarah Lee leads the practice and can call on the expertise of Deborah Finkler, who advises across a spectrum of contentious matters, including both High Court litigation and foreign disputes; and recently promoted partners Camilla Sanger and Holly Ware, who acted for Deutsche Bank in relation to regulatory investigations in multiple jurisdictions into the setting of interbank benchmark rates, including LIBOR. Former director of the Serious Fraud Office (SFO) Sir David Green CB QC joined the team in 2018 as a senior consultant.

Practice head(s):Sarah Lee

Other key lawyers:Camilla Sanger; Holly Ware; Sir David Green CB QC; Deborah Finkler

Testimonials

'The team relies on quality not quantity and as a close knit group of partners there is always a second partner with knowledge of a matter .'

'Robust and no-nonsense advice to clients that is clearly and simply articulated, incredibly user friendly and personable'

'The team you want to be alongside in a crisis - very hands on'

Key Clients

JPMorgan Chase Bank N.A.

Deutsche Bank, A.G.

A FTSE 100 Company

An international banking group

Bupa Insurance Services Limited

A former senior official at the Bank of England

Carillion PLC

Work highlights

  • Acting for JPMorgan in relation to various regulatory and governmental investigations – and related civil claims – into foreign exchange trading at a number of banks.
  • Representing a FTSE 100 company under investigation by the FCA in respect of potential breaches of the Market Abuse Regulation and other regulatory provisions.
  • Advising a bank in AML investigation.
  • Advising senior official in an enquiry and related SFO investigation.
Leading individuals

Deborah Finkler - Slaughter and May

Sarah Lee - Slaughter and May

Next Generation Partners

Holly Ware - Slaughter and May

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

Slaughter and May

Acting primarily for banks, asset managers and insurers, Slaughter and May has a broad practice, specialising in high-stakes conduct matters, strategic advice on prudential regulation, ring-fencing and fintech. Jan Putnis leads the non-contentious practice and focuses on regulatory advice in relation to multijurisdictional corporate and commercial transactions. His team includes Ben Kingsley, who is advising Goldman Sachs’ Global Investment Research division on the restructuring of its contractual relationships with clients in light of the MiFID II inducements regime. On the contentious side, the firm has notable experience in financial institutions advisory work, as well as fraud and white-collar crime matters. Sarah Lee leads the practice and can call on the expertise of Deborah Finkler, who advises across a spectrum of contentious matters, including both High Court litigation and foreign disputes; and recently promoted partners Camilla Sanger and Holly Ware, who acted for Deutsche Bank in relation to regulatory investigations in multiple jurisdictions into the setting of interbank benchmark rates, including LIBOR. Former director of the Serious Fraud Office (SFO), Sir David Green CB QC , joined the team in 2018 as a senior consultant.

Practice head(s):Jan Putnis

Other key lawyers:Ben Kingsley

Testimonials

'Faultless team and depth of talent that is not comparable with any other firm'

'It is a pleasure to instruct Slaughter and May'

'Unparalleled legal knowledge combined with practical experience with regulators'

'Very responsive and instils complete confidence'

'Jan Putnis is a standout partner'

Key Clients

Aviva plc

UK Asset Resolution, (UK government)

Euroclear SA/NV

Klarna Bank

Goldman Sachs International

Standard Life Aberdeen plc

Standard Chartered plc,

Santander UK plc,

Prudential PLC,

Credit Karma, Inc

Stripe Inc, (US payment processor and technology company)

Zurich Insurance plc

Work highlights

  • Acted on the sale of SLA’s capital-intensive insurance business to Phoenix, which was covered extensively by the legal press.
  • Advising Goldman Sachs’ Global Investment Research division on the restructuring of its contractual relationships with clients in light of the MiFID II inducements regime.
  • Specialist Brexit-related regulatory advice for a UK head-quartered retail and investment bank.
  • Advised Prudential plc on the demerger of its UK & Europe business (M&G Prudential), resulting in two separately-listed companies.
  • Acting as Brexit counsel for Zurich Insurance plc, a leading EU head-quartered general insurer, on its Brexit-related planning and associated regulatory work.
Leading individuals

Jan Putnis - Slaughter and May

Next Generation Partners

Ben Kingsley - Slaughter and May

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M&A: upper mid-market and premium deals, £500m+
M&A: upper mid-market and premium deals, £500m+ - ranked: tier 1

Slaughter and May

Slaughter and May specialises in high-value M&A work for high-profile clients, predominantly in the FTSE350 range. Indicative features of the firm's work include cross-border transactions across a host of sectors, with  retail, pharmaceutical and media clients all represented over the last year.  In the media sector, senior partner and 'statesman' Steve Cooke led as the firm advised Walt Disney on English law aspects of its $85bn acquisition of 21st Century Fox. Sally Wokes , a partner since 2015,  advises on a broad range of corporate transactions in both the public and private markets, and has handled high-profile mandates in the retail and leisure sectors. In the telecoms sector, Roland Turnill was the lead name, alongside Susannah Macknay, on Vodafone's $18.4bn acquisition of certain operations of Liberty Global. Also recommended are David Johnson and Andy Ryde, who co-heads the practice with Turnill, in addition to Simon Nicholls , who acts for both publicly listed companies and private companies on corporate transactions. The 'fantastically smart' Francesca Harris, an associate in the corporate department, also comes highly recommended, having worked with Ryde on a high-value acquisition by DS Smith. The firm saw a number of retirements this year, including M&A heavyweights Nigel Boardman and William Underhill, although David Watkins returned to London from the Hong Kong office.

Practice head(s):Andy Ryde; Roland Turnill

Other key lawyers:Steve Cooke; Susannah Macknay; David Johnson; Richard Smith; Christian Boney; Rebecca Cousin

Testimonials

'A class act'

'User friendly, and provide practical commercial advice to the board'

'Andy Ryde is fantastic at managing client relationships, he's happy to stand up and be counted and is level headed.'

'Francesca Harris is fantastically smart, certainly one to watch'

'Steve Cooke is great - he has a real commanding presence.' 

 

Key Clients

Burberry

Diageo

DS Smith

GlaxoSmithKline

Marks & Spencer

Rolls-Royce

Royal Dutch Shell

RSA

Standard Life Aberdeen

Vodafone

Work highlights

  • Advised The Walt Disney Company on English law aspects arising from its $85bn acquisition of Twenty-First Century Fox, Inc. and in relation to Fox’s involvement in the £30 billion takeover battle for Sky plc.
  • Advised Shire plc on its £45.6bn recommended offer by Takeda Pharmaceutical Company Limited for the entire issued and to be issued ordinary share capital of Shire.
  • Advising Vodafone on the proposed acquisition of certain operations of Liberty Global, including Unitymedia GmbH in Germany and operations (excluding the “Direct Home” business) in the Czech Republic, Hungary, and Romania, for a total enterprise value of €18.4 billion.
  • Advised GlaxoSmithKline on its acquisition of Novartis AG’s 36.5% stake in their Consumer Healthcare Joint Venture for a cash consideration of US$13bn.
  • Advised Walmart on the proposed merger between Sainsburys and Asda, as parent company of Asda.
Leading individuals

Andy Ryde - Slaughter and May

David Johnson - Slaughter and May

Rebecca Cousin - Slaughter and May

Roland Turnill - Slaughter and May

Simon Nicholls - Slaughter and May

Steve Cooke - Slaughter and May

Next Generation Partners

Sally Wokes - Slaughter and May

Susannah Macknay - Slaughter and May

Rising stars

Francesca Harris - Slaughter and May

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Private equity: transactions ‚Äď high-value deals (¬£250m+)
Private equity: transactions ‚Äď high-value deals (¬£250m+) - ranked: tier 4

Slaughter and May

Slaughter and May advises on a broad range of matters including venture capital investments and IPO exits, as well as acquisitions. While the firm is better known for its leading public M&A practice it has a strong roster of buyout house clients and also takes on mandates from management and entrepreneurs. Recent highlights include Murray Cox advising Global Infrastructure Partners on its £2.9bn sale of a 50.01% shareholding in London Gatwick Airport to VINCI airports. Jeff Twentyman heads up the practice.

Practice head(s):Jeff Twentyman

Other key lawyers:Susannah Macknay; Murray Cox; Filippo de Falco

Key Clients

Terra Firma

Blackstone Tactical Opportunities

Global Infrastructure Partners

Midlothian Capital Partners

Francisco Partners

Palamon Capital Partners

First Reserve

Apollo Capital Management

Corsair Capital

Pollen Street Capital

Värde Partners

Work highlights

  • Advised Right Choice Insurance Brokers Limited (RCIB) and Right Choice Holdings Limited on the sale of a minority stake in RCIB to Lloyds Development Capital, as well as: (i) the related leveraged financing and security package; and (ii) the related management investment.
  • Advised Midlothian Capital Partners on the acquisition of HB Education, the holding company of educational and activity brands including PGL, from Cox & Kings.
  • Advised Global Infrastructure Partners (GIP), the leading independent infrastructure investor, on the sale - together with its co-investors - of a 50.01% shareholding in London Gatwick Airport to VINCI Airports.
  • Advised Värde Partners, the global alternative investment firm, on its strategic £60 million equity investment in specialist bank Masthaven.
  • Advised GI Partners in connection with a recommended offer by CareTech Holdings PLC for Cambian Group plc.
Leading individuals

Jeff Twentyman - Slaughter and May

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London: Crime, fraud and licensing

Fraud: civil
Fraud: civil - ranked: tier 3

Slaughter and May

Slaughter and May is often called in to handle 'bet the company' matters for its prestigious roster of clients, advising on high-stakes investigations and big-ticket disputes. Areas of expertise include VAT fraud, bribery, corruption, misrepresentations and data breaches. The firm also advises on contentious regulatory and tax matters, export controls, sanctions and cartels. Clients include bluechip corporates, financial institutions, governmental bodies and international organisations. Sarah Lee heads the team, which received a major boost during 2018 with the hire of former SFO director Sir David Green CB QC, who joined the firm as a senior consultant.

Practice head(s):Sarah Lee

Other key lawyers:Camilla Sanger; Holly Ware; David Green; Deborah Finkler; Jonathan Cotton; Efstathios Michael; Richard Swallow; Richard Jeens; Damian Taylor; Kathryn Hernandez; Kimia Shedy

Testimonials

‘Excellent knowledge and competence from partners to associates’.       

‘Efficient and quick turning around of work’.

‘Always responsive’.

’The team manages complex litigation very efficiently’.

Key Clients

Mercuria Energy Europe Trading Limited

Bupa Insurance Services Limited

JPMorgan Chase Bank

A number of large multinational corporations

Work highlights

  • Advising Mercuria in relation to claims brought against it and its co-defendant, the Royal Bank of Scotland plc, in the Financial List of the High Court. The claims arise out of trading in the carbon emissions market in 2009.
  • Advising on all aspects of Bupa’s regulatory obligations and response to the fraudulent activities of a rogue employee who stole a significant volume of data, including formal notifications to the ICO, FCA and PRA in the UK as well as advising the client on notifications and engagement with regulators in over 60 jurisdictions.
  • Advising JP Morgan on investigations by various regulators and governments relating to foreign exchange trading.
  • Advising a number of clients on the meaning and implications of new corporate criminal offences of failing to prevent the facilitation of tax evasion.

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London: Dispute resolution

Banking litigation: investment and retail
Banking litigation: investment and retail - ranked: tier 1

Slaughter and May

Slaughter and May's 'excellent all-rounders' act for a broad spectrum of clients in the financial sector, including investment banks, major building societies, accountants, hedge funds, actuaries and private equity firms, and the practice stands out for  high-value, technically-demanding, multi-jurisdictional disputes. In one of the largest and most significant global investigations undertaken by regulators since the financial crisis, the team acted for JPMorgan Chase & Co in regulatory and governmental investigations (and related civil claims) into foreign exchange trading at a number of banks. Sarah Lee is dispute resolution group head, Deborah Finkler has led on many of the firm's investigative and enforcement actions, and Jonathan Clark's practice includes advising on litigation involving complex derivatives transactions, benchmark manipulation and regulatory investigations. Also highly regarded are Richard Jeens, Ewan Brown and recently promoted partner Camilla Sanger. At associate level, Peter Wickham is also noted.

Practice head(s):Sarah Lee

Other key lawyers:Deborah Finkler; Jonathan Clark; Richard Jeens; Ewan Brown

Testimonials

'Outstanding legal skills and deep business knowledge.'

 

Key Clients

Mercuria Energy Europe Trading

JPMorgan Chase & Co

Work highlights

  • Defended Mercuria Energy Europe Trading against claims brought against it and its co-defendant, RBS, on the High Court's Financial List. The claims arose out of trading in the carbon emissions market in 2009.
Leading individuals

Deborah Finkler - Slaughter and May

Ewan Brown - Slaughter and May

Jonathan Clark - Slaughter and May

Sarah Lee - Slaughter and May

Rising stars

Peter Wickham - Slaughter and May

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Commercial litigation
Commercial litigation - ranked: tier 2

Slaughter and May

Slaughter and May is 'a class act - the Rolls-Royce service for commercial litigation'. Acting for FTSE 100 clients across all industry sectors, the practice attracts some of the most significant, complex and high-value cases in the market. Demonstrating the strength of the firm's practice, in what is reportedly one of the largest lawsuits in English legal history,  Richard Swallow and Efstathios Michael acted for BHP Group (BHP), an Anglo-Australian multinational mining, metals and petroleum company, and four non-UK-domiciled BHP entities, all of whom are defendants to claims that arose out of the collapse of the Fundão dam in Brazil. Sarah Lee heads the firm’s dispute resolution group while former practice head Deborah Finkler  has a broad practice but is particularly experienced in banking litigation and regulatory investigations as well as complex recovery and insolvency work.  Other highly regarded advisers in the team include Damian Taylor, Jonathan Clark, Richard Jeens and James Stacey, while Megan Sandler and Kimia Shedy are the senior associates to note. Camilla Sanger and Holly Ware were made partners in 2018.

Practice head(s):Sarah Lee

Other key lawyers:Richard Swallow; Efstathios Michael; Deborah Finkler; Damian Taylor; Jonathan Clark; Richard Jeens; James Stacey; Megan Sandler; Kimia Shedy; Camilla Sanger; Holly Ware

Testimonials

' An unparalleled ability to take technically difficult legal problems, set in a thick soup of complicated facts, and handle them in a way that is clear, pragmatic and gets the desired result - and all while making it look effortless.'

'Sarah Lee is the ideal partner to have on a client's side in a crisis; she is masterfully calm and practical'.

'James Stacey has an incredible ability to review at speed and remember in an almost photographic way the most complicated backstory to a dispute. He is truly impressive'.

'Richard Jeens is just the sort of cool hand clients need for the most complex of litigation.'

'Holly Ware is  a real rising star - highly organised, dedicated to clients' needs, incisive and thoughtful'.

Key Clients

BHP Group and other BHP entities

Mercuria Energy Europe Trading

Diageo

British Airways

BT Pension Scheme Trustees

First MTR South Western Trains

Carillion

Bupa

Koninklijke Philips

Work highlights

  • Advised Mercuria Energy Europe Trading on claims brought against it and its co-defendant (RBS) in the Financial List, which arose out of carbon emissions market trading in 2009.
Leading individuals

Deborah Finkler - Slaughter and May

Sarah Lee - Slaughter and May

Next Generation Partners

Camilla Sanger - Slaughter and May

Damian Taylor - Slaughter and May

Holly Ware - Slaughter and May

Rising stars

 Megan Sandler - Slaughter and May

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Competition litigation
Competition litigation - ranked: tier 1

Slaughter and May

Slaughter and May‚Äôs cross-practice competition litigation group draws upon the expertise of the firm‚Äôs dispute resolution and competition departments. Work spans the full range of litigation and includes damages actions at all levels of the UK judicial system, cross-border contentious work coming in through the group‚Äôs ‚Äėbest friends‚Äô network, regulatory appeals and judicial review proceedings. In the follow-on damages space, the team advises clients on actions arising as a result of a number of high-profile cartel investigations by authorities in the trucks, air cargo, smartcards, glass manufacturing, and other industries. Prominent in this respect is the team‚Äôs assistance to defendant British Airways during the air cargo multi-party litigation before the English, Dutch and German courts. Another notable highlight is acting for truck manufacturer MAN on multiple damages actions, following the European Commission‚Äôs truck cartel investigation. Richard Swallow¬†leads the practice, where Jonathan Clark¬†and recently promoted partners Camilla Sanger¬†and¬†Holly Ware¬†are also noted.

Practice head(s):Richard Swallow

Other key lawyers:Jonathan Clark; Camilla Sanger; Holly Ware

Key Clients

American Express

Booking.com

British Airways

Department for Business, Energy and Industrial Strategy

First MTR South Western Trains

Gallaher

Google

MAN

Philips

Vodafone

Work highlights

  • Advising Philips on damages claims following the European Commission’s CRT and CRT glass cartel decisions.
  • Defending Google against standalone claim alleging abuse of a dominant position brought by Unlockd.
  • Advising Gallaher on a judicial review claim against the Competition and Markets Authority.
  • Advising American Express Services Europe on two sets of judicial review proceedings concerning the Interchange Fees Regulation, including proceedings before the Court of Justice of the European Union.
  • Advising Vodafone on its intervention in KPN’s appeal before the General Court against the European Commission's clearance decision concerning the Dutch joint venture between Vodafone and Liberty Global.
Leading individuals

Richard Swallow - Slaughter and May

Next Generation Partners

Camilla Sanger - Slaughter and May

Holly Ware - Slaughter and May

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International arbitration
International arbitration - ranked: tier 5

Slaughter and May

Slaughter and May's arbitration team 'is highly experienced and of uniformly high calibre, from partners to associates and trainees'. The team is best known for its assistance with particularly challenging arbitrations that threaten clients’ existence or positions in the market. Damian Taylor and James Stacey co-head the international arbitration group, and Efstathios Michael has conducted arbitrations under the rules of all the major arbitral institutions, including ICC, LCIA and SIAC. At senior associate level, Megan Sandler and Peter Wickham are experienced advisers.

Practice head(s):James Stacey; Damian Taylor

Other key lawyers:Efstathios Michael; Megan Sandler; Peter Wickham

Testimonials

'The quality of the lawyers' written work product is exceptional, and they react quickly to developments and fully engage with all elements of the process'.

'James Stacey and Damian Taylor deliver excellent strategic thinking and they manage complex litigation very efficiently'.

Key Clients

Standard Life Aberdeen

Work highlights

  • Acted for Standard Life Aberdeen in a contractual dispute involving investment management agreements.

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Tax litigation and investigations
Tax litigation and investigations - ranked: tier 1

Slaughter and May

Slaughter and May's strong tax disputes department handles the full spectrum of contentious tax work (including cross-border disputes), in addition to assisting non-contentious tax clients with continuous disclosure regimes, governance and reputational risk matters. The team also has niche expertise in the technology sector; advising UK and non-UK headquartered multinational companies in relation to transfer pricing and diverted profits tax issues. Dominic Robertson and Richard Jeens jointly lead the team, which includes dispute resolution head Sarah Lee, investigations specialist James Stacey and Sarah Blakelock who joined the team as a consultant from KPMG United Kingdom in 2018.

Practice head(s):Dominic Robertson; Richard Jeens

Other key lawyers:Sarah Lee; Steve Edge; Mike Lane; James Stacey; Sarah Blakelock

Key Clients

GDF Suez

Mercuria Energy Trading Europe

Hays Specialist Recruitment

Work highlights

  • Advising Teesside Power on an appeal to the Court of Appeal, in relation to fundamental questions as to the interaction between statutory accounts and the taxation of corporate finance.
  • Advising Mercuria in relation to claims brought against it and its co-defendant, the Royal Bank of Scotland plc (“RBS”) in the Financial List (the specialised financial court) of the High Court. The claims arise out of VAT on trading in the carbon emissions market in 2009.
  • Advising a private individual in a significant personal tax dispute relating to the transfer of an interest in a UK partnership to a UK company, and a claim for holdover relief under section 165 of the Taxation of Chargeable Gains Act 1992.
Leading individuals

Steve Edge - Slaughter and May

Next Generation Partners

Richard Jeens - Slaughter and May

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London: Finance

Acquisition finance
Acquisition finance - ranked: tier 4

Slaughter and May

Slaughter and May's generalist banking and finance team has 'excellent knowledge of the loan market' and regularly handles private and public acquisition finance mandates for a borrower-focused client base. Fed a substantial amount of corporate finance mandates from the firm's pre-eminent roster of FTSE 100/250 clients, and also advising a sizeable number of private equity sponsors, the team has impressive knowledge of Term Loan B, unitranche and high-yield bond finance structures, as well as substantive experience advising on Loan Market Association documentation. Other niche areas of expertise include advice on "certain funds public bid" finance matters. Philip Snell heads the team.

Practice head(s):Philip Snell

Other key lawyers:Andrew McClean; Matthew Tobin; Robert Byk; Edward Fife; Caroline Phillips; Oliver Storey; Richard Jones;

Key Clients

Cineworld

Vodafone

GSK

Compagnie Financiere Richemont

Drax Group plc

Palamon Capital Partners

Marsh & McLennan

DS Smith plc

Midlothian Capital Partners

The Restaurant Group

Wren House Infrastructure Management

Work highlights

  • Advised Vodafone Group plc on the proposed acquisition of certain operations of Liberty Global’s operations in Germany ('Unity Media') and the Czech Republic, Hungary, and Romania ('UPC'), excluding its Direct to Home Business, for a total enterprise value of €18.4bn.
  • Acted for Nordea Bank on the SEK11bn term facility agreement made available to Tele2 to finance a merger with Com Hem Holding.
  • Advised Cineworld on securing commitments to provide an approximately $4bn senior secured Term Loan B facility and $300m senior secured revolving facility, each in connection with the acquisition by Cineworld of the entire issued share capital of Regal Entertainment Holdings.
  • Advising Midlothian Capital Partners on the financing (provided by Ares Management on a unitranche basis) to fund the acquisition of HB Education from Cox & Kings.
  • Representing DS Smith plc, a leading international packaging business, on the financing to facilitate the  proposed acquisition of Papeles y Cartones de Europa.

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Bank lending: investment grade debt and syndicated loans
Bank lending: investment grade debt and syndicated loans - ranked: tier 1

Slaughter and May

Benefiting from a 'deep and thorough understanding of the relevant bank documentation',¬†Slaughter and May¬†regularly advises the firm's stellar roster of blue-chip corporates across their financing requirements, including for acquisition finance, as well as general corporate and working capital purposes.¬†Matthew Tobin¬†is 'very experienced in loan agreements' and he employs this knowledge to good effect for corporate borrowers on investment grade debt. He recently advised AngloGold Ashanti on a new five-year multi-currency revolving credit facility with a syndicate of fourteen banks.¬†Andrew McClean¬†heads up the firm's financing department and has vast experience, primarily for corporate borrowers (but also for some lender clients) on syndicated loan facilities. McClean's recent work has included advice to Tata Steel on a ‚ā¨4.5bn facility.

Practice head(s):Andrew McLean; Stephen Powell

Other key lawyers:Edward Fife; Robert Byk; Caroline Philips; Matthew Tobin; Philip Snell; Oliver Storey

Key Clients

Nordea Bank

Tata Steel

Orsted

CEVA Logistics

Countrywide

Yell

AngloGold Ashanti

INEOS

Deutsche Bank

Work highlights

  • Advised Richemont in relation to a fund bank facility it entered into to provide backstop financing for its voluntary public tender offer to acquire all of the ordinary shares of Yoox Net-a-Porter Group not already owned by Richemont or its affiliates.  
  • Advised Marsh & McLennan Companies on the £5.2bn certain funds bridge facility to finance its cash acquisition for the entire issued and to be issued share capital of Jardine Lloyd Thompson Group plc.
  • Advised Yell Limited, a subsidiary of Hibu Group Limited, and Hibu’s subsidiaries on a £225m high-yield bond offering and £25m super senior revolving credit facility.
  • Advised Rolls-Royce on the amendment and extension of its standby revolving credit facilities provided by a large syndicate of financial institutions, including an increase of the total commitments from £1.5bn to £2.5bn.
  • Advised AngloGold Ashanti, a leading global gold producer headquartered in South Africa, on a new five-year revolving credit facility with a syndicate of fourteen banks.
Leading individuals

Andrew McLean - Slaughter and May

Matthew Tobin - Slaughter and May

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Corporate restructuring & insolvency
Corporate restructuring & insolvency - ranked: tier 2

Slaughter and May

Able to mobilise cross-disciplinary expertise, including practitioners from within the firm's corporate, litigation and finance practices, Slaughter and May 's core four-partner team is praised for its 'versatility across the credit spectrum' and ability to handle many of 'the most challenging and complex situations in the market'. Able to leverage the firm's impressive roster of corporate clients, in addition to attracting standalone work, the firm has 'excellent debtor-side credentials and has recently been involved in a number of the preeminent restructurings and insolvency cases'. 'A very good double act', Ian Johnson and Tom Vickers 'have proven many times that they can deliver difficult projects on time and with rigour', including their recent work for Carillion Plc on its high-profile insolvency. The team is also praised for its 'industry leading work in the field of financial services restructuring'.

Practice head(s):Ian Johnson

Other key lawyers:Tom Vickers; Samyuktha Rajagopal; Tim Newey

Testimonials

'A very approachable and reactive team.'

'The team is technically excellent, and well resourced with a strong group of technically able and motivated associates.'

'Ian Johnson fights his clients' case extremely hard but deals with everything in a very respectful way.'

'Ian Johnson is a very strong and technically able lawyer, who has the ability to think through a deal from all angles and make sure all the bases are covered.'

'Tom Vickers is exceptional.'

 

Key Clients

Seadrill Limited

Credit Suisse

Interserve

Mothercare

Countrywide

Ernst & Young

Premier Oil

Tata Steel

An ad hoc group of bondholders in respect of debt issued by the Edcon Group

Work highlights

  • Advised Seadrill on the negotiation and implementation of a comprehensive restructuring plan of its existing bank and bond debt.
  • Advised Credit Suisse in its capacity as a secured lender to Danaos Corporation in relation to the negotiation and implementation of Danaos’ comprehensive refinancing and restructuring plan.
  • Advised Interserve Plc on its ‘deleveraging plan’ and its ongoing negotiations with its lenders and stakeholders.
  • Advised Hunter Kelly and Alan Hudson of Ernst & Young as the administrators of Interserve Plc.
  • Acted for the Official Receiver as liquidator and PwC as Special Managers in relation to Carillion Plc (in liquidation).
Leading individuals

Ian Johnson - Slaughter and May

Next Generation Partners

Tom Vickers - Slaughter and May

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Debt capital markets
Debt capital markets - ranked: tier 2

Slaughter and May

Slaughter and May has a team of multi-specialist finance lawyers, who handle debt issuance alongside other types of financing. The firm is regarded as a leading adviser to issuers and acts for a high number of FTSE100 companies. It has particular expertise in equity-linked debt, hybrid capital and subordinated debt matters. The practice counts Diageo, Santander, Standard Chartered and Westpac among its clients for repeat debt issuance, while in 2018, it acted on first-time issuance for Euroclear and Compagnie Financiere Richemont. It has notable expertise in the aviation, pharmaceutical and food and beverage sectors, and has a growing number of client relationships with banks and insurance companies. Matthew Tobin, who handles a wide range of banking and refinancing work including capital markets and securitisation, and Guy O’Keefe, who is skilled in liability management transactions, are among the key partners.

Practice head(s):Nilufer von Bismarck; Matthew Tobin

Other key lawyers:Guy O’Keefe; Caroline Phillips; Oliver Storey; Oliver Wicker

Key Clients

Euroclear

Compagnie Financiere Richemont S.A

Unite Group Plc

Close Brothers

Standard Chartered

Just Group

Santander

Westpac

Diageo

Bunzl

Work highlights

  • Advising Richemont International Holding S.A. on the issuance of €1.5bn 1% notes due 2026, €1.25bn 1.5% notes due 2030 and €1.25bn 2% notes due 2038.
  • Advised Euroclear, a leading settlement services provider, on various debt capital markets transactions, including the standalone issuance of €300m 1.500% senior notes due 2030 and €400m subordinated resettable fixed rate notes due 2048.
  • Advised The Unite Group plc on the issuance of £275m 3.5% guaranteed senior unsecured bonds due 2028.
  • Advised Close Brothers Group plc on the establishment of its new £1bn EMTN programme and on the issue of £250m 2.750% senior unsecured notes due 2023, which was the inaugural issuance under the programme.
  • Advised Bunzl Finance plc on its debut issuance of £300m 2.250% notes due 2025.

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Derivatives (including commodities)
Derivatives (including commodities) - ranked: tier 3

Slaughter and May

Slaughter and May has a multi-specialist finance practice in which lawyers handle more than one type of work, though derivatives and structured finance are key pillars of the practice. The firm is well known for advising the treasury departments of corporate clients, notably on equity derivatives and structured finance transactions involving derivatives, as well as having significant experience in relation to dispute resolution and regulatory investigations. Its work for corporate clients encompasses all aspects of hedging and regulatory advice. Its extensive M&A work frequently involves equity derivatives such as portfolio total return swaps to transfer benefit and risk, or equity-backed collar financings, on which it increasingly advises banks. Lead partners Oliver Wicker and Ed Fife act for financial services providers, investment funds and corporates.

Practice head(s):Oliver Wicker

Other key lawyers:Ed Fife; Azadeh Nassiri; Andrew McClean; Christopher McCabe; David Thomas

Testimonials

"The team is very attentive to the client's needs and acts as a true trusted adviser with a client's best interest in mind."

"Ed Fife provides outside the box thinking and pushes the envelope to get the best possible outcome. He went above and beyond what was expected."

"Their experience allows them to advise on where a compromise will work and where it will be a challenge. As a client, we might still want to challenge but at least we negotiate from a position of having sound market knowledge."

"Christopher McCabe's guidance makes it easy as a client to form a view as to what is essential and what is 'nice to have', which makes the negotiation of contracts much easier."

 

Key Clients

The Central Bank of Egypt

Next plc

CEVA Logistics A.G.

Oesterreichische Kontrollbank A.G.

Work highlights

  • Advised the Central Bank of Egypt on a repurchase transaction with a consortium of international banks in order to increase liquidity and the size of its international reserves.
  • Represented Next plc in relation to a substitution of issuer under Next’s existing bonds and credit facilities.
  • Represented CEVA Logistics AG in relation to its hedging arrangements (including an initial “hedge auction”) as part of CEVA’s comprehensive $1.4bn refinancing
  • Advised Oesterreichische Kontrollbank A.G. on the negotiation of a significant number of ISDA Master Agreements and Credit Support Annexes, and advised it in relation to a clearing addendum with an international bank.
Leading individuals

Ed Fife - Slaughter and May

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Structured products and securitisation
Structured products and securitisation - ranked: tier 2

Slaughter and May

'The firm has great depth of expertise from partner down to junior associates', says a client of Slaughter and May. The firm climbs the ranking due to the breadth of its work and its stellar client base. The securitisation and structured finance practice advises on every major asset class including RMBS, CMBS, credit cards, trade receivables, auto-loans, whole-business securitisation and CLOs. It handles both cash and synthetic securitisations for a range of market participants, among which are originators, arrangers and investors. It is active both in new issuance and the restructuring of existing transactions. Leading partner Guy O’Keefe acts for borrowers, lenders and issuers in complex securitisations. Oliver Wicker leads on structured products for financial services providers, investment funds and corporates. The firm is known for finding innovative solutions to complex financing problems and helps clients deal with regulatory change and in particular the impact of the new EU Securitisation Regulation on existing and new transactions. It is particularly active in the RMBS sector for clients including Santander UK, and has a significant presence in the covered bond market.

Practice head(s):Guy O’Keefe; Oliver Wicker

Other key lawyers:Richard Jones; Oliver Storey

Testimonials

'The firm is excellent at thinking about the right solution for the deal and coming up with a bespoke solution rather than just following precedent."

"Guy O'Keefe is entirely unflappable and solution-focused."

"Oliver Storey thinks deeply about the issues and proposes pragmatic solutions."

Key Clients

Paratus AMC Limited

PSA Finance Limited

NewDay Cards Limited

UK Asset Resolution Limited

Santander UK plc

International Finance Facility for Immunisation (“IFFIm”)

Work highlights

  • Advised Paratus AMC on both its securitisation of newly-originated mortgages (Twin Bridges) and its RMAC No. 1 and RMAC No. 2 securitisations, which were refinancings of a portfolio of pre-2008 mortgages which were until March 2018 held in pre-2008 securitisations.
  • Represented PSA Finance Limited in relation to the renewal of its existing securitisation of auto loan receivables.
  • Represented NewDay Cards Limited in relation to a public debt issue under its own-brand credit card securitisation.
  • Represented UK Asset Resolution in relation to the disposal of legacy owner-occupied and buy-to-let mortgages.
Leading individuals

Guy O’Keefe - Slaughter and May

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Transport finance & leasing
Transport finance & leasing - ranked: tier 6

Slaughter and May

Although lacking a standalone asset finance offering, numerous practitioners within Slaughter and May's banking and finance team handle financing work in the transportation sector for longstanding clients including British Airways and Rolls-Royce. Team head Andrew Johnson has experience across a range of asset finance matters, including sale and leaseback agreements, and JOLCO financings.

Practice head(s):Andrew Johnson

Other key lawyers:Robert Byk; Hannah Merrick; Harry Walker; Zhen Lim

Key Clients

British Airways

Black Rock

Rolls-Royce

Orient Overseas (International) Limited

Work highlights

  • Advised Orient Overseas (International) Limited, one of the world’s largest integrated international container transportation and logistics companies, on the financing of its new 21,413 TEU container ship, OOCL Indonesia.
  • Acted for Orient Overseas (International) Limited, on the financing of its 8,888 TEU container ship, OOCL Miami.

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London: Human resources

Employee share schemes
Employee share schemes - ranked: tier 1

Slaughter and May

Slaughter and May bolstered its employee share schemes team in 2018 by hiring Ian Brown as a senior counsel from Deloitte LLP. The group advises on the full range of executive remuneration and employee share scheme issues, including the establishment, operation and amendment of employee incentive plans. It also assists clients with managing the operation and amendment of their directors’ remuneration policies. The team is also noted for advising clients on reviewing their policies and procedures in the light of a new requirement for executive directors to retain a level of shareholding post-termination. In addition to providing advice on a standalone basis, practitioners handle the employee incentives aspects of a broad range of major transactions, including public takeovers, IPOs (main market and AIM), secondary capital raisings, demergers, private M&A and other corporate transactions. Phil Linnard, Padraig Cronin and associate Rosemary Nelson are recommended. Jonathan Fenn retired.

Other key lawyers:Phil Linnard; Padraig Cronin; Ian Brown; Rosemary Nelson

Testimonials

'Clear and practical advice, which is built on significant experience of executive/board employment issues and all aspects of share schemes'

'They are extremely knowledgeable - reassuringly so - and make the complicated seem straightforward'

Key Clients

Standard Life Aberdeen Plc

Ocado Group Plc

FirstGroup Plc

Whitbread Plc

Workspace Group Plc

Reckitt Benckiser Group Plc

Prudential Plc

Countrywide Plc

Close Brothers Group Plc

Barratt Developments Plc

Work highlights

  • Advised GKN on the share schemes aspects of its takeover by Melrose Industries plc, which had been rejected by the GKN Board.
  • Assisting Ocado Group Plc with a comprehensive review of its incentive arrangements.
  • Providing regular advice to Reckitt Benckiser on its share plans and remuneration policy.
  • Advised Aston Martin on the share schemes and incentives aspects of its IPO on the Main Market of the London Stock Exchange
  • Advised Whitbread Plc on its sale of Costa Limited to The Coca-Cola Company, including the implications for outstanding share awards.
Next Generation Partners

Phil Linnard - Slaughter and May

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Employment: employers
Employment: employers - ranked: tier 3

Slaughter and May

At Slaughter and May, 'real class act' Charles Cameron recently took over as head of the pensions and employment team, following the retirement of long-serving former practice chief Jonathan Fenn, who now serves as a senior consultant to the firm. The magic circle firm advises on the full range of board-level employment matters, from appointments to terminations, remuneration and disputes, with a particular focus on incentives-related work. The practice has recently seen an uptick in work relating to industrial relations as well as suspected employee misconduct, which it handles in tandem with the firm's global investigations group. Key names in the team include former corporate specialist Padraig Cronin, who joined the employment team in 2017, Philip Linnard, who was promoted to the partnership the same year, and 'hugely experienced and knowledgeable' senior counsel Lizzie Twigger .

Practice head(s):Charles Cameron

Other key lawyers:Jonathan Fenn; Padraig Cronin; Phil Linnard; Lizzie Twigger

Testimonials

'A great blend of different knowledge, skills and experiences which the team know who to deploy at the right time. Very client-focused; they understand the client business and unique circumstances.'

'The general standard of Slaughter and May's employment and pensions team is fantastic. All excellent lawyers and all carefully attuned to the client\'s needs and objectives. They leave no stone unturned and are particularly good at looking at matters in the round.'

'Total dedication, high intelligence, calm and reliable advice. Deep knowledge of executive employment issues, and the ability to bring resources to bear in different specialities.'

'This is a very high quality team. Very clever lawyers and extremely thoughtful and strategic. Highly responsive to clients needs.'

'Responsive, with particular strength in relation to senior management and management incentive schemes.'

'Focused and up to speed with what is happening, also connect internally and externally to help us through our transactions.'

'Senior counsel Lizzie Twigger is very easy to work with. Hugely experienced and knowledgeable and very good at tactics.'

'Padraig Cronin is an outstanding employment adviser. He worked day and night and weekends with total availability and dedication to bring to a successful conclusion a phenomenally complex set of employment contracts. He remained calm and thoughtful under pressure and demonstrated high intellect on extremely complex issues. I felt I could rely on him completely (and did).'

'Charles Cameron is a real class act. Always available, extremely clever and highly stragetic. Always understands what the client needs.

'Lizzie Twigger is hugely experienced and wise. Excellent at tactics and strategy.'

'Associate David Rintoul is very hardworking and extremely able. Thoughtful and very clever.'

Key Clients

Aviva

Bupa

Countrywide

Hibu Group

INEOS Holdings Limited

Kosmos

Morgan Advanced Materials plc

Premier Foods plc

Prudential plc

Restaurant Group PLC

Royal Mail plc

Tata Steel

Grant Thornton LLP (administrators of Wonga)

Work highlights

  • Advised Aviva in relation to the exit of former CEO Mark Wilson.
  • Advised Whitbread on employment aspects of its sale of Costa to The Coca-Cola Company, including a service provision change TUPE transfer that took place between signing and completion.
  • Advised energy company Kosmos on the drafting of a new employee handbook for its London branch.
  • Assisting Grant Thornton, as administrator of Wonga’s UK business, on employment law issues relating to the collapse of the payday lender.
  • Advised The Restaurant Group on employment law aspects of its acquisition of The Wagamama Group, including equity-based incentivisation arrangements for a significant number of UK employees.

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Pensions (non-contentious)
Pensions (non-contentious) - ranked: tier 1

Slaughter and May

Slaughter and May is at the forefront of a number of growing market trends, including the development of collective defined contribution schemes (Sandeep Maudgil is a leader in this field) and complex benefit redesigns including the implementation of master trusts. Charles Cameron is a leading figure for high-value derisking exercises, while Daniel Schaffer regularly advises on scheme mergers and demergers and other benefit redesign projects. Senior counsel Hugh Gittins, who joined the team in 2018 from Eversheds Sutherland (International) LLP, along with senior counsel Edward Hunniset, has a wealth of transactional experience involving buy-ins, buy-outs and bulk annuity transactions. Recent contentious mandates have involved indexing disputes, Pensions Regulator investigations and member complaints.

Practice head(s):Charles Cameron; Sarah Lee

Other key lawyers:Sandeep Maudgil; Daniel Schaffer; Richard Jeens

Testimonials

'A crew of highly intelligent practitioners, exceptionally well resourced and informed at all levels, with a client base that is the envy of the industry'

'A very commercial approach, delivered in a highly personable manner. The team thinks things through with an emphasis on getting practical and constructive results'

'A highly commercial and pragmatic firm'

'The team knows pensions law inside and out'

'Daniel Schaffer is simply the best in the industry'

'Sandeep Maudgil and Charles Cameron are admirable successors to the practice built up by their predecessors'

'Daniel Schaffer provides superb client care'

'Isobel Carruthers is very sharp'

'Richard Jeens is up-and-coming in the field of pensions disputes and senior associate Peter Wickman is very capable'

Key Clients

Akzo Nobel

ICI

BT Pension Scheme (Trustees)

Caterpillar Pension Plan (Trustees)

E.ON UK plc

Hibu Group

Peugeot

Railways Pension Trustee Company (Trustee of Railways Pension Scheme (RPS), and other legacy railways related pension schemes)

Royal Mail

SCA UK Pension Plan (Trustees)

United Utilities

Whitbread

ConocoPhillips Pension Plan (Trustees)

EDF

Gatwick Airport

General Motors

INEOS

Legal & General

PA Pension Scheme (Trustees)

Phillips 66 Pension Scheme (Trustees)

Pirelli & C. SpA

Reckitt Benckiser

Severn Trent Pension Schemes (Trustees)

Tata Steel (UK)

Uniper

Trustees of the BT Pension Scheme

ITV plc and its subsidiary Granada Group Limited

Work highlights

  • Sole external legal adviser to Royal Mail in relation to the design and development of its proposed collective defined contribution scheme.
  • Advising Railways Pension Trustee Company Limited on a range of issues including PPF issues, covenant advice, implementation of employer pensionable pay caps, bulk transfers, implications of franchise changes and valuation matters.
  • Advising E.ON UK on a suite of pension matters including a complex benefit redesign.
Leading individuals

Charles Cameron - Slaughter and May

Daniel Schaffer - Slaughter and May

Sandeep Maudgil - Slaughter and May

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Pensions: dispute resolution
Pensions: dispute resolution - ranked: tier 3

Slaughter and May

Slaughter and May is at the forefront of a number of growing market trends, including the development of collective defined contribution schemes (Sandeep Maudgil is a leader in this field) and complex benefit redesigns including the implementation of master trusts. Charles Cameron is a leading figure for high-value derisking exercises, while Daniel Schaffer regularly advises on scheme mergers and demergers and other benefit redesign projects. Senior counsel Hugh Gittins, who joined the team in 2018 from Eversheds Sutherland (International) LLP, along with senior counsel Edward Hunniset, has a wealth of transactional experience involving buy-ins, buy-outs and bulk annuity transactions. Recent contentious mandates have involved indexing disputes, Pensions Regulator investigations and member complaints.

Practice head(s):Charles Cameron; Sarah Lee

Other key lawyers:Sandeep Maudgil; Daniel Schaffer; Richard Jeens

Testimonials

'A crew of highly intelligent practitioners, exceptionally well resourced and informed at all levels, with a client base that is the envy of the industry'

'A very commercial approach, delivered in a highly personable manner. The team thinks things through with an emphasis on getting practical and constructive results'

'A highly commercial and pragmatic firm'

'The team knows pensions law inside and out'

'Daniel Schaffer is simply the best in the industry'

'Sandeep Maudgil and Charles Cameron are admirable successors to the practice built up by their predecessors'

'Daniel Schaffer provides superb client care'

'Isobel Carruthers is very sharp'

'Richard Jeens is up-and-coming in the field of pensions disputes and senior associate Peter Wickman is very capable'

Key Clients

Trustees of the BT Pension Scheme

ITV plc and its subsidiary Granada Group Limited

Work highlights

  • Advising the trustees of the BT Pension Scheme regarding an appeal by BT against a ruling from an indexing dispute.
  • Advising Granada Group in Court of Appeal proceedings against its pension scheme trustee concerning gilt securities for former directors' pensions.
Next Generation Partners

Richard Jeens - Slaughter and May

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London: Insurance

Insurance and reinsurance litigation
Insurance and reinsurance litigation - ranked: tier 5

Slaughter and May

The 'highly skilled' team at Slaughter and May advises insurers and brokers on liability and coverage claims relating to D&O,  professional indemnity and business interruptions policies, and is regularly involved in multi-jurisdictional disputes. Practice head Efstathios Michael stands out for his 'impressive tactical ability' in a wide range of matters, regularly handling work for key client Marsh.

Practice head(s):Efstathios Michael

Testimonials

'Excellent client service with highly skilled but also personable lawyers who are actively aware of commercial issues'

'The insurance/reinsurance litigation practice is highly efficient and effective. A very well-run practice, with an unshakable determination to achieve the best commercial result for the client'

'Efstathios Michael has superb commercial instinct, impressive tactical ability and a sharp legal mind. He always brings refreshing good humour and perspective to even the most complex dispute. Always a pleasure to work with and a class act'

Key Clients

Marsh

Work highlights

  • Advising Marsh in respect of a D&O coverage dispute with Meinl Bank
  • Advising Marsh in relation to matters arising out of a specialist insurance policy following the explosion of a satellite.
Leading individuals

Efstathios Michael - Slaughter and May

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

Slaughter and May

Slaughter and May is regularly involved in the biggest insurance M&A transactions in the UK market, and in 2018 led for Standard Life Aberdeen on the £3.2bn sale of its UK and European insurance business to Phoenix and Marsh on its £4.3bn acquisition of JLT. The well-regarded Jonathan Marks leads an 'exceptionally gifted team', which also includes the 'solutions focused' Craig Cleaver and the 'impressive' Robert Chaplin. The practice also handles Brexit advisory work for insurers, as well as large scale cross-border reinsurance transactions, risk transfers and regulatory capital financings.

Practice head(s):Jonathan Marks

Other key lawyers:Craig Cleaver; Robert Chaplin

Testimonials

'Pragmatic, responsive, and with strong technical ability at all levels.'

'A sharp and intelligent practice with extensive experience.'

'The team provides practical, commercially minded legal advice, working seamlessly between partner and associates.'

'Exceptionally gifted team for complex corporate and regulatory matters and always willing to be available when needed. Fundamental partners for our regulatory matters.'

'Great team, meticulous attention to detail, solutions focused.

'Robert Chaplin is very strong technically, is always prepared to give a view and is always focused on the end goal.'

'Robert Chaplin provides well rounded advice that clearly demonstrates a full appreciation of his client's objectives and the broader factors that need to be taken into account in decision making. He seeks out creative solutions and is ready to challenge conventional thinking. He adds significant value on projects beyond purely on legal matters, drawing on his extensive commercial and deal experience.'

'Craig Cleaver is very knowledgeable but operates without ego. He also demonstrates real pragmatism and is very solutions-focused.'

'Robert Chaplin's market knowledge and experience is impressive, and is combined with an ability to command respect and a willing audience from stakeholders, including on the other side of the transaction.'

'Robert Chaplin is enthusiastic, knowledgeable and good to work with.'

Key Clients

Allianz

Aviva

Correlation

Department of Health and Social Care

Direct Line

esure

Legal & General

Marsh & McClennan

Phoenix/ Standard Life Assurance

Prudential

Quartz

Right Choice

Royal London

RSA

Swiss Re

Zurich

Work highlights

  • Advised SLA on the sale of its UK and European insurance business to Phoenix Group Holdings.
  • Advising Prudential on the proposed demerger of its UK & Europe business, resulting in two separately-listed companies.
  • Advised Right Choice Insurance Brokers Limited (RCIB) on the sale of a minority stake in RCIB to Lloyds Development Capital, as well as the related leveraged financing and security package.
  • Advised PA Pension Trustees on the derisking of the PA Pension Scheme.
  • Advised esure on the recommended takeover offer by Blue (BC) Bidco Limited.
Leading individuals

Craig Cleaver - Slaughter and May

Jonathan Marks - Slaughter and May

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London: Investment fund formation and management

Listed funds
Listed funds - ranked: tier 3

Slaughter and May

At Slaughter and May, Roland Turnill and others are advising Prudential on the demerger of its UK & Europe business; this transaction will form two separate listed companies. The firm has developed a reputation for advising financial institutions on the impact of Brexit, including potential restructuring options for the asset management and investment fund arms of these entities. Cross-jurisdictional fund mandates are a core area of work, with pan-European structures being a particular favourite for the corporate team. Robert Chaplin, Paul Dickson and Jan Putnis together lead the practice and are key contacts.

Practice head(s):Robert Chaplin; Paul Dickson; Jan Putnis

Key Clients

3i Group

Blackrock UK

Honeycomb Investment Trust

HM Government

Legal & General

Neptune Investment

Pollen Street Capital

Prudential plc

Schroders

Standard Life Aberdeen

Work highlights

  • Acting for Standard Life Aberdeen (SLA) on the sale of its capital-intensive insurance business to Phoenix Group.
  • Acting for Prudential plc on the demerger of its UK & Europe business (M&G Prudential).
  • Acting for Honeycomb Investment Trust plc on the establishment of a new placing programme.
  • Acting for 3i Investments plc (a wholly owned subsidiary of 3i Group) on a new investment management agreement with 3i Infrastructure.
  • Acting for a number of global, UK and EU asset managers on their Brexit-related planning work.

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London: Projects, energy and natural resources

Infrastructure (including PFI and PPP)
Infrastructure (including PFI and PPP) - ranked: tier 2

Slaughter and May

Slaughter and May has a strong track record in infrastructure projects and transactions, where the team is involved on an international level in a variety of fields, including renewable energy, electricity storage, oil and gas pipeline and airports, among others. Michael Corbett, together with Hywel Davies, heads up the infrastructure, energy and natural resources practice; he has considerable experience in the corporate and corporate finance matters, including equity and debt capital markets. Richard Todd specialises in the project aspects of international energy and infrastructure projects. Given the firm's corporate strength, the team is frequently called in to advise on infrastructure-related sales and acquisitions.

Practice head(s):Michael Corbett; Hywel Davies

Other key lawyers:Richard Todd; Robin Ogle; Ed Fife

Testimonials

'The team provides a consistently high standard of work and can be trusted to run deals independently. Projects are always planned in exceptional detail and clients never have to worry about deadlines and deliverables being missed.'

'Hywel Davies is one of the top two or three commercial lawyers in the City'

 

Key Clients

Wren House

OMERS

Ørsted

Arsenal Football Club

Tottenham Hotspur Football Club

GIP (Global Infrastructure Partners)

Lendlease

Essex County Council

Drax Group

Work highlights

  • Advised Ørsted on its disposal of a 50% interest in the 1.2GW Hornsea 1 offshore wind farm to Global Infrastructure Partners.
  • Advised GIP on the sale together with its co-investors of a 50.01% shareholding in London Gatwick Airport to VINCI Airports.
  • Assisted Drax Group on the acquisition of Scottish Power’s portfolio of pumped storage, hydro and gas-fired generation assets from Scottish Power Generation Holdings, a wholly-owned subsidiary of Iberdrola.
  • Advising Buckeye Partners on the English law aspects in relation to the sale of its equity interest in VTTI BV to IFM Investors and Vitol for $975m.
  • Advising the Department for Transport in relation to the tender of the new West Coast Partnership franchise for HS2.
Leading individuals

Hywel Davies - Slaughter and May

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Oil and gas
Oil and gas - ranked: tier 3

Slaughter and May

Some of Slaughter and May's most notable recent work in the oil and gas sector includes advising Ensco on its proposed $12bn merger with Rowan, and assisting Maersk Oil with its $8.1bn acquisition by Total. Along with high-value, strategic corporate transactions, the team also handles high-profile and 'bet the farm' disputes pertaining to commercial contracts, international arbitration enforcement and allegations of corruption and white-collar law breaches. Hywel Davies, who is described by clients as 'one of the top two or three commercial lawyers in the City', leads the practice.

Practice head(s):Hywel Davies

Testimonials

'The standards set by Slaughter and May are unrivaled in the City, both in terms of individual and technical excellence.'

'Slaughter and May wields very strong legal and commercial skills across corporate and finance issues.'

'Hywel Davies is one of the top two or three commercial lawyers in the City. Rebecca Cousins is also very highly recommended. They are both excellent technical lawyers who are very commercial, practical and solutions-oriented.'

'The Slaughter and May associates are a cut above the rest. Jack Wharton is a very good example of this.'

Key Clients

INEOS

Wren House

Premier Oil

Centrica

Repsol

Maersk Oil

Aker Energy

Kosmos

Shell

Ensco

Seadrill

Aker Energy

PTTEP

Spirit Energy

Wood Group

SHV

United Energy Group

Work highlights

  • Advised Maersk Oil on the energy, antitrust, compliance and competition law aspects of its acquisition by Total SA.
  • Advising Ensco on its proposed combination with Rowan Companies plc pursuant to which Ensco will acquire Rowan in an all-stock transaction to be effected by way of a UK court-sanctioned scheme of arrangement.
  • Acting for Buckeye Partners, L.P. on the English law aspects in relation to the sale of its 50% equity interest in VTTI BV to IFM Investors and Vitol for $975m as part of its strategic review.
  • Advising on the formation of Spirit Energy, a joint venture in the oil and gas exploration and production sector between Centrica (69%) and the owner of Bayerngas Norge AS, Stadtwerke München GmBH (31%), Munich’s municipal utilities company.
  • Advising BHP Billiton Petroleum Great Britain Limited on the disposal of its interests in the Bruce and Keith North Sea oil and gas fields and associated infrastructure to Serica Energy (UK) Limited.
Leading individuals

Hywel Davies - Slaughter and May

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Power (including electricity, nuclear and renewables)
Power (including electricity, nuclear and renewables) - ranked: tier 3

Slaughter and May

Slaughter and May¬†has strong credentials in the offshore wind sector - the magic circle firm recently advised Danish energy giant √ėrsted on its $4.46bn disposal of the Hornsea 1 wind farm to Global Infrastructure Partners. The firm, which works with premium clients such as Centrica and Drax, has been acting for innogy on the merger of Npower with SSE‚Äôs domestic retail operations, and also previously advised the¬†UK Government¬†on its reforms of the electricity market.

Practice head(s):Hywel Davies

Other key lawyers:Azadeh Nassiri; Richard Todd

Key Clients

Ørsted

Drax Group

Centrica

RWE/Innogy

Work highlights

  • Advised Ørsted on its disposal of a 50% interest in the 1.2GW Hornsea 1 offshore wind farm to Global Infrastructure Partners.
  • Acted for Drax Group on the acquisition of Scottish Power’s portfolio of pumped storage, hydro and gas-fired generation assets.
  • Advised Arsenal FC on the installation and operation of its new battery-powered electricity storage facility at the Emirates Stadium.
  • Advising Mitsubishi on its strategic acquisition of a 20% stake in Ovo Energy, a leading independent UK-based energy supply business.
  • Advising Impello Limited, the parent entity of the First Utility group, on its sale to The Shell Petroleum Company Limited.

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London: Real estate

Commercial property: corporate occupiers
Commercial property: corporate occupiers - ranked: tier 2

Slaughter and May

Slaughter and May is particularly well-regarded for its work on stadium developments, and has been advising Everton Football Club on the development of its new stadium at Bramley Moore Dock, with leasing, financing, construction, planning and real estate issues coordinated by the firm. On the investment side, major transactions, including property disposals, form the workload while on the corporate occupiers front, headquarter letting and relocations are a key strength. The department prides itself on high-value, non-commoditised work and has particular expertise in the energy and retail sectors. Jane Edwarde serves as practice head and handles the full range of commercial property matters.

Practice head(s):Jane Edwarde

Other key lawyers:John Nevin

Testimonials

'The team has a wide-ranging knowledge of property issues and a sound commercial approach to practical problems.'

'John Nevin keeps a close eye on transactions even when they are allocated to more junior fee earners and offers excellent advice when necessary.'

'Really bright people who are committed and work very hard.'

Key Clients

Arsenal

Bourne Leisure

Bupa

Clothworkers’ Company

Delancey

Derwent London

Dobbies Garden Centres

Elysian Residences

Everton

Equinix

Fishmongers’ Company

Halsbury Homes

Legal & General

Masterworks

MCC

Midlothian Capital Partners

Ministry of Sound

MTR Corporation

Nimax Theatres

NTT Urban Development Corporation

Ocado

Sableknight

Tata Steel

Tottenham

Work highlights

  • Advised Dobbies Garden Centres on the acquisition of six garden centres.
  • Advised English National Ballet on its relocation to London City Island.

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Commercial property: development
Commercial property: development - ranked: tier 2

Slaughter and May

Slaughter and May is particularly well-regarded for its work on stadium developments, and has been advising Everton Football Club on the development of its new stadium at Bramley Moore Dock, with leasing, financing, construction, planning and real estate issues coordinated by the firm. On the investment side, major transactions, including property disposals, form the workload while on the corporate occupiers front, headquarter letting and relocations are a key strength. The department prides itself on high-value, non-commoditised work and has particular expertise in the energy and retail sectors. Jane Edwarde serves as practice head and handles the full range of commercial property matters.

Practice head(s):Jane Edwarde

Other key lawyers:John Nevin; Richard Todd

Testimonials

'The team has a wide-ranging knowledge of property issues and a sound commercial approach to practical problems.'

'John Nevin keeps a close eye on transactions even when they are allocated to more junior fee earners and offers excellent advice when necessary.'

'Really bright people who are committed and work very hard.'

Key Clients

Arsenal

Bourne Leisure

Bupa

Clothworkers’ Company

Delancey

Derwent London

Dobbies Garden Centres

Elysian Residences

Everton

Equinix

Fishmongers’ Company

Halsbury Homes

Legal & General

Masterworks

MCC

Midlothian Capital Partners

Ministry of Sound

MTR Corporation

Nimax Theatres

NTT Urban Development Corporation

Ocado

Sableknight

Tata Steel

Tottenham

Work highlights

  • Advising Everton on the development of its new stadium at Bramley Moore Dock.
  • Advising Derwent London on the over-station development at Soho Place.
  • Advised Cardinal Lysander Group in connection with the development and sale of the Axis Building.
  • Advising Tottenham Hotspur in connection with the development of its new stadium.
  • Advising Legal & General in connection with the acquisition and forward funding of a development site at Treforest Business Park.
Leading individuals

Jane Edwarde - Slaughter and May

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Commercial property: hotels and leisure
Commercial property: hotels and leisure - ranked: tier 2

Slaughter and May

Slaughter and May is particularly well-regarded for its work on stadium developments, and has been advising Everton Football Club on the development of its new stadium at Bramley Moore Dock, with leasing, financing, construction, planning and real estate issues coordinated by the firm. On the investment side, major transactions, including property disposals, form the workload while on the corporate occupiers front, headquarter letting and relocations are a key strength. The department prides itself on high-value, non-commoditised work and has particular expertise in the energy and retail sectors. Jane Edwarde serves as practice head and handles the full range of commercial property matters.

Practice head(s):Jane Edwarde

Other key lawyers:John Nevin; Richard Todd

Testimonials

'The team has a wide-ranging knowledge of property issues and a sound commercial approach to practical problems.'

'John Nevin keeps a close eye on transactions even when they are allocated to more junior fee earners and offers excellent advice when necessary.'

'Really bright people who are committed and work very hard.'

Key Clients

Arsenal

Bourne Leisure

Bupa

Clothworkers’ Company

Delancey

Derwent London

Dobbies Garden Centres

Elysian Residences

Everton

Equinix

Fishmongers’ Company

Halsbury Homes

Legal & General

Masterworks

MCC

Midlothian Capital Partners

Ministry of Sound

MTR Corporation

Nimax Theatres

NTT Urban Development Corporation

Ocado

Sableknight

Tata Steel

Tottenham

Work highlights

  • Advised Midlothian Capital Partners on the acquisition of HB Education.
  • Advising Tottenham on its new stadium.

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Commercial property: investment
Commercial property: investment - ranked: tier 2

Slaughter and May

Slaughter and May is particularly well-regarded for its work on stadium developments, and has been advising Everton Football Club on the development of its new stadium at Bramley Moore Dock, with leasing, financing, construction, planning and real estate issues coordinated by the firm. On the investment side, major transactions, including property disposals, form the workload while on the corporate occupiers front, headquarter letting and relocations are a key strength. The department prides itself on high-value, non-commoditised work and has particular expertise in the energy and retail sectors. Jane Edwarde serves as practice head and handles the full range of commercial property matters.

Practice head(s):Jane Edwarde

Other key lawyers:Richard Todd; John Nevin

Testimonials

'The team has a wide-ranging knowledge of property issues and a sound commercial approach to practical problems.'

'John Nevin keeps a close eye on transactions even when they are allocated to more junior fee earners and offers excellent advice when necessary.'

'Really bright people who are committed and work very hard.'

Key Clients

Arsenal

Bourne Leisure

Bupa

Clothworkers’ Company

Delancey

Derwent London

Dobbies Garden Centres

Elysian Residences

Everton

Equinix

Fishmongers’ Company

Halsbury Homes

Legal & General

Masterworks

MCC

Midlothian Capital Partners

Ministry of Sound

MTR Corporation

Nimax Theatres

NTT Urban Development Corporation

Ocado

Sableknight

Tata Steel

Tottenham

Work highlights

  • Represented UD Europe on the sale of 265 Strand.
  • Advised Legal & General on the sale of seven properties from the Hyperion Portfolio.
  • Advised Legal & General on the acquisition of CALA Homes.
  • Advised the Cardinal Lysander Group on the sale of the Axis building in Birmingham.
  • Advised Shahid Khan on his offer to purchase Wembley Stadium.

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Commercial property: retail
Commercial property: retail - ranked: tier 3

Slaughter and May

Slaughter and May is particularly well-regarded for its work on stadium developments, and has been advising Everton Football Club on the development of its new stadium at Bramley Moore Dock, with leasing, financing, construction, planning and real estate issues coordinated by the firm. On the investment side, major transactions, including property disposals, form the workload while on the corporate occupiers front, headquarter letting and relocations are a key strength. The department prides itself on high-value, non-commoditised work and has particular expertise in the energy and retail sectors. Jane Edwarde serves as practice head and handles the full range of commercial property matters.

Practice head(s):Jane Edwarde

Other key lawyers:John Nevin; Richard Todd

Testimonials

'The team has a wide-ranging knowledge of property issues and a sound commercial approach to practical problems.'

'John Nevin keeps a close eye on transactions even when they are allocated to more junior fee earners and offers excellent advice when necessary.'

'Really bright people who are committed and work very hard.'

Key Clients

Arsenal

Bourne Leisure

Bupa

Clothworkers’ Company

Delancey

Derwent London

Dobbies Garden Centres

Elysian Residences

Everton

Equinix

Fishmongers’ Company

Halsbury Homes

Legal & General

Masterworks

MCC

Midlothian Capital Partners

Ministry of Sound

MTR Corporation

Nimax Theatres

NTT Urban Development Corporation

Ocado

Sableknight

Tata Steel

Tottenham

Work highlights

  • Advised Ocado on its online retail JV with Marks and Spencer.
  • Advised The Restaurant Group on the acquisition of Wagamama.
  • Advised Dobbies Garden Centres on the acquisition of six garden centres.

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Environment
Environment - ranked: tier 3

Slaughter and May

Slaughter and May assists with the assessment of environmental risks associated with M&A transactions. The firm is especially active in the renewable, nuclear and fossil energy sectors, including advising on decommissioning liabilities, regulatory matters, and health and safety. Senior counsel Samantha Brady focuses on the infrastructure sector and is experienced in advising on green real estate investments.

Practice head(s):Richard Todd

Other key lawyers:Samantha Brady

Key Clients

Ørsted

INEOS

Tata Steel

Wren House Infrastructure Management

Legal & General

De La Rue

Drax Group

United Utilities Group

Whitbread

Palamon Capital Partners

Work highlights

  • Advised Tata Steel on the proposed joint venture with ThyssenKrupp to create a European steel enterprise, which involved environmental advice on contaminated land liabilities and carbon trading and improvement plans
  • Advised Ørsted on the proposed disposal of a 50% interest in the Hornsea 1 offshore wind farm to Global Infrastructure Partners, which involved risk assessment regarding environmentally sensitive harbour porpoises and sea birds habitats
  • Advised De La Rue on the entry into a strategic agreement with Epiris Fund II in relation to the group’s paper business, which involved advice to minimise exposure to environmental liabilities
  • Advised Wren Housing Infrastructure Management on the acquisition of North Sea Midstream Partners, which involved negotiations for appropriate contractual safeguards in respect to environmental liabilities for the onshore and offshore assets
  • Advised INEOS on environmental challenges arising from the disposal of heavy industrial sites in connection with the sale of INEOS Baleycourt and INEOS ChloroToluenes to Valtris Specialty Chemicals
Rising stars

Samantha Brady - Slaughter and May

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Planning
Planning - ranked: tier 5

Slaughter and May

Richard Keczkes of Slaughter and May provides strategic planning advice on large-scale commercial developments and acquisitions for the firm’s corporate clients. Mandates in the energy and infrastructure sectors include the construction of offshore windfarms, corporate acquisitions in the oil and gas sector, and advice on the provision of utilities infrastructure. The team has a solid reputation in the sport sector, having advised on a number of football stadium redevelopment projects. Further mandates include a number of London-based urban developments and mid-scale housing developments across the southeast of England.

Practice head(s):Richard Keczkes

Testimonials

'There's a depth and breadth of knowledge throughout the whole team.'

'Attentive, intelligent, thorough and responsive to client's requirements.'

'Richard Keczkes' breadth of knowledge and experience is exceptional. He always acts with promptness and is highly competent.'

Key Clients

Cardinal Lysander Group

Derwent London

Drax Group

Essex County Council

Everton FC

Halsbury Homes Group

Ørsted (formerly DONG Energy)

Shahid Khan

United Utilities Group

Wren House Infrastructure Management Limited

Work highlights

  • Advising Everton FC on an ongoing basis on its planning strategy and planning applications in connection with its move from Goodison Park to a new, larger stadium at Bramley Moore Dock.
  • Advised the Cardinal Lysander Group in connection with the redevelopment of its Axis site in Birmingham and related compulsory purchase proceedings.
  • Advised Derwent London in connection with its 285,000 sq ft over-station development above Tottenham Court Road Crossrail Station.
  • Ongoing advice to London Resort Company Holdings in connection with the proposed London Entertainment Resort on the Swanscombe Peninsula, Kent.
  • Advised Halsbury Homes Group in connection with its development of a number of medium to large housing developments in the southeast of England.

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Property finance
Property finance - ranked: tier 5

Slaughter and May

Matthew Tobin and Ed Fife lead the team at Slaughter and May, which is particularly active on the borrower side, and counts many leading property companies among its clients. The team's core strengths are in development finance and private equity acquisitions involving underlying real estate assets. The practice also advises on complex investment finance matters and cross-border deals, and assists in transactions involving hotels, care homes, offices and residential properties.

Practice head(s):Matthew Tobin; Ed Fife

Other key lawyers:John Nevin

Key Clients

The Carlyle Group

Barratt Developments

Dobbies Garden Centres

Derwent London

SEGRO

Midlothian Capital Partners

Halsbury Homes

Elysian Residences

Redrow Plc

Work highlights

  • Advising a joint venture of The Carlyle Group and Explorer Investments on debt financing for the acquisition of the Penha Longa Hotel and Golf Resort in Portugal.
  • Advising Barratt Developments PLC on the amendment and extension of a revolving credit facility with a consortium of banks.
  • Advising Midlothian Capital Partners on the acquisition of HB Education, the holding company of many educational and activity brands, as well as the related acquisition financing and management equity arrangements.
  • Advising The Unite Group plc on the issuance of guaranteed senior unsecured bonds.
  • Advising Redrow plc on the amendment and extension of its existing unsecured revolving credit facility.

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London: Risk advisory

Brexit
Brexit - ranked: tier 1

Slaughter and May

Spanning multiple practice areas, Slaughter and May's Brexit taskforce draws heavily from the firm’s financial services practice and also benefits from strong corporate and dispute resolution teams, as well as experience acting for government clients and public sector bodies. On the financial services side, the group counts UK and EU-headquartered banks and insurers, asset managers and private equity firms as clients, which it advises on corporate restructurings and business transfers. It recently advised Standard Life Assurance and Prudential Assurance Company on their separate corporate restructurings including establishing EU entities and branches and transferring the EU business from the UK to the new EU bases. Jeff Twentyman and Jan Putnis jointly lead the team; Twentyman also leads the firm’s private equity group and Putnis heads up the financial regulation practice. Other noteworthy practitioners include corporate partner Richard De Carle, insurance specialist Craig Cleaver, data protection expert Rebecca Cousin, Ian Johnson, who heads up the restructuring and insurance practice, and Sara Luder, who leads the tax group.

Practice head(s):Jeff Twentyman; Jan Putnis

Other key lawyers:Richard De Carle; Craig Cleaver; Rebecca Cousin; Ian Johnson; Sara Luder

Testimonials

'Slaughter and May is strong in the Brexit field and has developed effective ways to leverage the firm's knowledge.'

Key Clients

Aviva plc

Euroclear SA/NV

UK Finance

Prudential Assurance Company Ltd

Standard Life Assurance Ltd

Zurich Insurance plc

Work highlights

  • Advising Standard Life Assurance and Prudential Assurance Company on their Brexit-related corporate restructurings, including establishing EU entities and EU branches and transferring business from the UK to the EU.
  • Assisting Aviva Life and Pensions and Aviva Insurance with its Brexit-related  restructuring.
  • Acting for Zurich Insurance on its corporate restructuring and the associated regulatory work.
  • Advising an EU headquartered retail bank on its Brexit-related corporate restructuring, including establishing a new UK subsidiary and obtaining regulatory authorisation from the UK regulators.
  • Providing a UK headquartered retail and investment bank with Brexit-related regulatory advice.

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

Slaughter and May

Slaughter and May's 'exceptional' team advises on a broad range of multi-jurisdictional financial, regulatory, enforcement and corporate crime matters. With extensive expertise in allegations of bribery, corruption, fraud, sanctions, civil litigation and criminal proceedings, the firm is well-versed at dealing with various international regulators and enforcement agencies including the SFO and FCA in the UK and the SEC and DoJ in the US. Richard Swallow co-heads the team and is experienced in high-value disputes and criminal investigations. Jonathan Cotton, who co-heads the team alongside him, deals with investigations, criminal prosecutions and regulatory cases concerning the Bribery Act, the Proceeds of Crime Act and the Financial Services and Markets Act. David Green CB QC, the former head of the SFO, joined as a senior consultant, adding further weight to the practice. Camilla Sanger and Holly Ware were both promoted to partner.

Practice head(s):Richard Swallow; Jonathan Cotton

Other key lawyers:Sir David Green CB QC; Camilla Sanger; Sarah Lee; Deborah Finkler; Jonathan Clark; Ewan Brown; James Stacey; Holly Ware; Ella Williams; Tim Blanchard

Testimonials

‘Truly outstanding with an immense range of exceptional talent’.

‘Richard Swallow is brilliant and has an outstanding reputation’.

‘All the lawyers at Slaughter and May are exceptional, but worthy of particular mention are Richard Swallow, Jonny Cotton and Jonathan Clark’.

‘Richard Swallow is an excellent negotiator and fantastic with clients’.

‘Jonathan Clark also is a clear thinker with excellent judgment’.

‘Jonny Cotton is the lynchpin of the team; an absolute pleasure to work with; sensible, savvy and strong on the detail’.

‘Tim Blanchard is an extremely strong senior associate, very good at managing complex investigations’.

‘James Stacey is new to the area but already making a big impact’.

 

Key Clients

British American Tobacco plc

John Wood Group PLC

Ultra Electronics Holdings plc

Malcolm Brinded

Carillion UK

Deutsche Bank, A.G.

Rolls-Royce plc

JPMorgan Chase Bank

Work highlights

  • Defending British American Tobacco plc in an SFO investigation into allegations of bribery and corruption.
  • Acting for John Wood Group PLC in respect of an investigation by the Serious Fraud Office into alleged bribery and corruption at Foster Wheeler companies it has acquired.
  • Represented a major listed corporate in an investigation by the FCA regarding potential breaches of the Market Abuse Regulation and other regulatory provisions.
  • Advising Deutsche Bank in LIBOR Investigations
  • Acting for Rolls-Royce plc (“RR”) in relation to ongoing cooperation obligations with the UK DPA, an ongoing Brazilian CGG investigation and ongoing issues in other jurisdictions.
Leading individuals

Jonathan Cotton - Slaughter and May

Richard Swallow - Slaughter and May

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London: TMT (technology, media and telecoms)

Fintech
Fintech - ranked: tier 2

Slaughter and May

Slaughter and May's fintech group advises start-ups, fast-growth challenger businesses and longstanding financial services and technology companies on corporate, commercial and regulatory developments and challenges. On the corporate side the team advises clients on the structuring of new business ventures, major acquisitions, private equity investments, strategic investment in the sector and corporate governance. In the regulatory space the team has expertise in PSD2 compliance/open banking, GDPR compliance (particularly in the context of blockchain and smart contracts) and in advising payment services on operating issues in the UK regulatory environment. The team is invested in enabling start-ups to grow through its fintech incubator programme, where it handles the full range of legal needs for a diverse set of early-stage clients. IP and tech partner Rob Sumroy has standout knowledge of AI, GDPR and blockchain and acts for leading innovators in the sector, including Y Tree and WorldRemit. In a recent highlight, financial services regulatory partner Ben Kingsley acted for challenger bank Oaknorth in its $440m equity raise led by Softbank Vision Fund.

Practice head(s):Ben Kingsley; Rob Sumroy

Key Clients

Euroclear

Stripe

Thomas Cook Money

Klarna

Credit Karma

OakNorth

WorldRemit

Multiply

TrueLayer

Gardenia

Y Tree

Go Cardless

Paymentsense

Treasury Spring

Legal & General

Work highlights

  • Advised Y Tree on aspects of its new business formation and in particular on the preparation and development of their client-facing documentation including terms of business, as well as on data portability aspects of GDPR which is central to the data-aggregation model of their wealthtech business, and some discrete tax matters.
  • Advised Credit Karma on its agreement to acquire TransUnion's Noddle business.
  • Now in the third year of our fintech incubator programme, Fast Forward, and are advising six new companies including three exciting new fintech’s (Coconut, Credit Mint and Tully) on a range of legal matters and other value-added services.
  • Advised OakNorth on its $440m equity raise led by SoftBank Vision Fund.
  • Advising TrueLayer on regulatory matters including the impact of the market reforms introduced by the Second Payment Services Directive and by the Open Banking initiative.
Leading individuals

Ben Kingsley - Slaughter and May

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IT and telecoms
IT and telecoms - ranked: tier 2

Slaughter and May

The technology and telecoms team at Slaughter and May¬†provides 'solid, practical advice, which takes into account the commercial goals of clients'; its roster includes Google and Vodafone, as well as innovators and start‚Äďups. The team handles a range of commercial, corporate and regulatory matters with particular experience advising on emerging technology including the use of big data, AI, cloud and blockchain; the team also acts in disputes.¬†Rob Sumroy¬†heads the team, which includes IP and IT specialist David Ives¬†and Duncan Blaikie, who attracts praise for his 'very commercial approach'.

Practice head(s):Rob Sumroy

Other key lawyers:David Ives; Duncan Blaikie

Testimonials

'A top team that has unique expertise and knowledge in the field of IT, IP and outsourcing, and is able to put this into practice by providing top-quality advice and assisting with complex contract drafting.'

'In a landscape where technical excellence and customer centricity is to be assumed, the standout quality of the team is its approachability.'

'David Ives has excellent expertise and knowledge of IP, IT and outsourcing issues.'

'Ben Kingsley is a top regulatory expert.'

'Deborah Finkler has the ability to grasp the essentials through the fog of management and technical jargon.'

'Camilla Sanger's leadership, diplomacy and firmness keeps the work moving in trying circumstances.'

'Nick Pacheco's acute commercial judgement helps clients arrive at the right answer.'

'Duncan Blakie is the person you want beside you in difficult circumstances.'

'Senior associate Oliver Howley's attention to detail, logical approach and forensic analytical approach make him a force to be reckoned with.'

'Associate Daniel Owen is very good on privacy issues.'

Key Clients

ARM Holdings

Vodafone

Ericsson

Burberry

NRI

TSB

Euroclear

Credit Karma

Google

Sunrise Communications

Ocado

Work highlights

  • Advised ARM on the sale of a 51% stake in its Chinese subsidiary, Arm Technology (China) to form a joint venture for Arm’s existing semiconductor technology IP business in China.
  • Advised Ericsson on a major restructuring and re-engineering of its transformation technology agreement with Veon.
  • Assisting Euroclear with its collaboration with Algomi, a data analytics company.
  • Advised the Government Digital Service on its project to create a technology hub to establish a market in identity assurance services.
  • Advised Thunderhead on a long-term agreement with Salesforce for the world-wide licensing and distribution of Thunderhead’s artificial intelligence solution, One.
Leading individuals: IT

Rob Sumroy - Slaughter and May

Next Generation Partners

Duncan Blaikie - Slaughter and May

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Intellectual property
Intellectual property - ranked: tier 5

Slaughter and May

Slaughter and May is 'always on top of the legal issues' and benefits from 'an excellent network of foreign advisers, who are able to provide top-notch support in multi-jurisdictional cases'. Practice head Susie Middlemiss has experience in contentious mandates, particular in the technology and life sciences sector, while David Ives and Cathy Connolly focus on commercial IP arrangements and transactional advice. Newly promoted partner Duncan Blaikie also assists clients in the technology and life sciences industries with strategic commercial matters.

Practice head(s):Susie Middlemiss

Other key lawyers:David Ives; Cathy Connolly; Duncan Blaikie

Testimonials

'David Ives leads his team very well, and has very clear strategic thinking.'

'Senior associate Richard McDonnell and associate Dan Owen are ones to watch for the future.'

'David Ives is very commercially minded and always tuned in to the client's requirements as a business.'

'Associates Richard McDonnell and Dan Owen are both technically excellent and commercially driven.'

'Cathy Connolly and her non-contentious team consistently deliver clear, pragmatic, high-quality legal judgement and business savvy advice that cuts to the heart of any issue, thus avoiding unnecessary time wasted internally or in external negotiations on untenable or weak positions.'

Key Clients

Richemont

GSK

ASDA/Walmart

Marks & Spencer

Burberry

Tottenham Hotspur

ARM

ITV

Yoox Net-a-Porter

John Lewis/Waitrose

Work highlights

  • Advised Richemont on the structuring, ownership and licensing of its IP, which is a key aspect of the proposed joint venture of its subsidiary Yoox Net-a-Porter with Alibaba.
  • Advising Tottenham Hotspur on the short- and long-form versions of a long-term kit supply and sponsorship agreement with Nike.
  • Advised The Restaurant Group on its acquisition of the restaurant chain Wagamama and the related IP elements.
  • Advising Whitbread on the IP aspects of its sale of Costa Coffee to the Coca-Cola Company.
  • Instructed by Marks & Spencer to advise on the licensing of its brand and proprietary know-how to its international network of more than 40 franchisees and joint ventures.
Leading individuals

Susie Middlemiss - Slaughter and May

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Pharmaceuticals and biotechnology
Pharmaceuticals and biotechnology - ranked: tier 3

Slaughter and May

Slaughter and May's client list ranges from some of the largest international life sciences companies through to start-ups, universities and research institutions, as well as investors, and it counts GlaxoSmithKline as a key client. It provides multi-jurisdictional cover and is especially adept in the realms of corporate/M&A and finance deals where it provides a 'flawless' service.  David Johnson spearheads corporate and commercial transactions together with Simon Nicholls. Susie Middlemiss takes on contentious and non-contentious IP matters.

Practice head(s): David Johnson;  David Johnson 

Other key lawyers:Simon Nicholls

Testimonials

'The team communicates very well internally so that there is never a lack of knowledge in case somebody else has to cover. The service is therefore flawless and consistent.'

Key Clients

Immunocore

GE Healthcare

Lonza

Bupa

Hikma Pharmaceuticals

Thermo Fisher Scientific

Oxford Nanopore

GlaxoSmithKline

Amyris

Work highlights

  • Advising GlaxoSmithKline plc on its agreement with Pfizer Inc. to combine their consumer health businesses into a new  joint venture with combined sales of approximately £9.8bn. GSK will have a majority controlling interest of 68% and Pfizer will have an equity interest of 32% in the joint venture.
  • Advised Shire plc on the takeover offer by Takeda Pharmaceutical Company Limited for the entire issued, and to be issued, ordinary share capital of Shire.
  • Advised GlaxoSmithKline plc on its acquisition of Novartis AG’s 36.5% stake in their Consumer Healthcare Joint Venture for a cash consideration of $13bn.
  • Advised Amyris Inc on its collaboration arrangements with a subsidiary of Yifan Pharmaceutical.
  • Advising Thermo Fisher Scientific on its proposed acquisition of the electron microscope peripherals business of Roper  Technologies Inc (the Gatan business). In addition to advising on the UK filing, it is coordinating with local counsel with respect to filings in the US and Austria, a matter valued at c.$925m.

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Sport
Sport - ranked: tier 4

Slaughter and May

Slaughter and May's multi-disciplinary sports team stand out for its work on stadium construction and finance matters for Premier League clubs and event hosts, including the Birmingham Commonwealth Games and Arsenal FC. The magic circle firm is a go-to firm for big-ticket corporate transactions - it advised US businessman Shahid Khan on his bid for Wembley Stadium - while also handling other commercial matters such as media distribution deals, partnership and sponsorship agreements. The team's work for football clubs also covers governance work, employment matters and 'bet the company' disputes. Practice head Andrew Jolly regularly handles major transactions as well as corporate governance reviews.

Practice head(s):Andrew Jolly

Key Clients

Arsenal Football Club

Tottenham Hotspur Football Club

Everton Football Club

Rugby Football Union

Boat Race Company

Cambridge University Boat Club

United States Ski and Snowboard Association

Fulham Football Club

Marylebone Cricket Club

Work highlights

  • Advised Everton FC on the construction of a new 50,000 seat stadium at Bramley Moore Dock and the redevelopment of Goodison Park.
  • Advising Tottenham Hotspur on the construction of a new 62,000 seat stadium at White Hart Lane.
  • Acted for Shahid Khan on his proposed offer to purchase Wembley Stadium from The Football Association.
  • Acted for Tottenham Hotspur in connection with short- and long-form versions of a lucrative and long-term kit supply and sponsorship agreement with Nike.
  • Advising Lendlease Construction Europe on all aspects of its ambitious project for the Birmingham Commonwealth Games in 2022.

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