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Travers Smith LLP

10 SNOW HILL, LONDON, EC1A 2AL, ENGLAND
Tel:
Work 020 7295 3000
DX:
1111079 LONDON CITY EC1
Email:
Web:
www.traverssmith.com
London, Paris

Top-tier Firm rankings

Firm Rankings


London: Corporate and commercial

Commercial contracts
Commercial contracts - ranked: tier 1

Travers Smith LLP

Travers Smith LLP specialises in cross-border advice on a range of commercial contract issues, notably in highly regulated sectors including financial services, energy, retail and leisure. Dan Reavill leads the practice and can call on the expertise of Tom Purton, who is experienced in strategic alliances and IP work. Also recommended are Ben Chivers, whose areas of expertise include Brexit, joint ventures and outsourcing, and senior associate Sonny Mallet, who focuses on complex commercial arrangements, strategic partnership arrangements, outsourcing and joint ventures. The team advised Gist on numerous matters relating to its £3.5bn, 12-year outsourcing agreement with Marks & Spencer Group.

Practice head(s):Dan Reavill

Other key lawyers:Tom Purton; Ben Chivers; Sonny Mallet

Testimonials

'A very strong team who have in-depth knowledge of the financial services sector and apply a sound commercial approach'

'The team navigate and facilitate complex commercial deals within tight timelines and readily provide innovative commercial solutions to overcome negotiation hurdles' 

'Good knowledge of the subject area and strong partner and associate assistance'

'Deep understanding of the sector and a team which is readily available to respond quickly to requests for advice'

'Ben Chivers and Sonny Mallet apply a sound commercial approach to complex arrangements in a personable manner. They are strong negotiators and have the ability to think on their feet to propose commercial solutions to ensure the deal gets done in the best interests of their client'

Key Clients

Pension Protection Fund

Gist

Trainline

Pret (formerly Pret a Manger)

Caffé Nero

Camellia Plc

Bannatyne Fitness

McColl's Retail Group

Reed & Mackay

Shepherd Neame

Work highlights

  • Advised Premier Rugby Limited on a very high-profile and potentially transformative new partnership with CVC Capital Partners.
  • Advised BUUK Infrastructure on a number of complex long-term utility sector deals, including the supply of smart meters to Ovo Energy.
  • Advised new client Rouse Analytics on the launch of its groundbreaking Rental Metrics Benchmark Service in the UK and Europe.
  • Advised new client Burger King on several major transactions, including a major outsourcing covering most of its 500 UK outlets.
  • Advised new client and international retail giant Poundland and its European parent company, Pepkor Europe, on the renegotiation of sourcing agreements with their agent based in Hong Kong.
Leading individuals

Tom Purton - Travers Smith LLP

Next Generation Partners

Ben Chivers - Travers Smith LLP

Rising stars

Sonny Mallet - Travers Smith LLP

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Corporate tax
Corporate tax - ranked: tier 3

Travers Smith LLP

Core strengths for the team at Travers Smith LLP include the tax aspects of private equity, asset management and investment funds, as well as corporate finance, M&A, real estate and employee incentives. Department head Simon Skinner has an active transactional and advisory practice; Russell Warren specialises in advising private equity houses, as does Kathleen Russ. Jessica Kemp is noted for her expertise in M&A-related taxation in both the public and private sectors.

Practice head(s):Simon Skinner

Other key lawyers:Russell Warren; Kathleen Russ; Emily Clark; Jessica Kemp; Elena Rowlands; Hannah Manning; Madeline Gowlett

Testimonials

'The firm shines in private equity'

'Simon Skinner is highly knowledgeable  and explains complex concepts clearly. He is practical, charts the optimal course, and then executes quickly and efficiently. Truly an outstanding adviser'

'A rare combination of deep technical knowledge and commercial acumen'

Key Clients

The Access Group

Sompo Canopius and its Executive Management Team

Bridgepoint

Microfocus

Gates Industrial Corporation

Premier Rugby

Work highlights

  • Advised TA Associates and management on their strategic reinvestment in The Access Group alongside new investor Hg.
  • Advised Michael Watson and the Executive Management Team of Sompo Canopius on the $952m sale of Sompo Canopius to Centrebridge Partners.
  • Advised Bridgepoint and management on the sale of Pret A Manger.
  • Advised Smithson Investment Trust in relation to a record breaking IPO.
Leading individuals

Kathleen Russ - Travers Smith LLP

Next Generation Partners

Jessica Kemp - Travers Smith LLP

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EU and competition
EU and competition - ranked: tier 4

Travers Smith LLP

The ‚Äėexceptional‚Äô team at¬†Travers Smith LLP¬†acts across a full spectrum of competition law matters nationally and internationally,¬† providing merger control advice, handling behavioural investigations and assisting clients with contentious issues. Demonstrating the group‚Äôs strength on the merger control side, one notable highlight involved the team acting for longstanding client Bridgepoint on the EU merger control aspects of the sale of leading food chain Pret to JAB Holdings; the transaction was cleared unconditionally by the European Commission at Phase I. The department works primarily with clients in the private equity and the regulated sectors, but has also recently handled work in sectors such as investment banking and retail.¬†Nigel Seay¬†heads the department, where Stephen Whitfield¬†is also a key figure.

Practice head(s):Nigel Seay

Other key lawyers:Stephen Whitfield

Testimonials

'Travers Smith offers a great depth in expertise; the competition team combines strong legal analytical skills with a good understanding of how the CMA operates'

'The team’s responsiveness and its ability to work under tight deadlines are exceptional'

'Nigel Seay is knowledgeable, strategic, and simply a pleasure to deal with'

 

Key Clients

Bridgepoint

Breedon Group

Charlesbank Capital Partners

Ancala

TA Associates

Micro Focus International

Wireless Group

Association of British Insurers

Brookfield Utilities

Renesas Electronics Corporation

ForFarmers UK

Breedon Group

McColl's Retail Group

Schott AG

Work highlights

  • Advised Breedon Aggregates on UK merger control aspects of a complex asset swap with Tarmac.
  • Advised Charlesbank Capital Partners, a leading mid-market US private equity firm, on the merger control aspects of its acquisition of Hearthside Food Solutions (jointly with Partners Group).
  • Advised leading infrastructure investor Ancala on the merger control and regulatory implications of its acquisition of Portsmouth Water.
  • Advised private equity firm TA Associates on the merger control aspects of its £1bn strategic reinvestment in The Access Group, a leading provider of business management software.
  • Advised Micro Focus International, the world's largest enterprise software supplier, on the merger control aspects of its $2.5bn sale of Suse to Swedish investment house EQT Partners.

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Equity capital markets ‚Äď mid-large cap
Equity capital markets ‚Äď mid-large cap - ranked: tier 3

Travers Smith LLP

Travers Smith LLP has historically been recognised for its AIM work on both the manager and issuer side, though the practice group works seamlessly across London's AIM and main markets, providing English law and US securities law advice. The firm is consistently instructed by corporate issuers in notable mid and upper-mid market IPOs, and also has strong relationships with prominent nomads and financial advisers in addition to larger investment banks. The group also has expertise in the listed funds market. Of particular note, the firm was recently involved in the main market IPO of Smithson Investment Trust, which marked the UK's largest-ever launch of an investment trust. Philip Cheveley heads up the corporate M&A and ECM practice, while Spencer Summerfield leads the wider corporate team.

Practice head(s):Philip Cheveley; Spencer Summerfield

Other key lawyers:Andrew Gillen; Dan McNamee; Richard Spedding; Aaron Stocks; Adrian West; Tom Coulter; Neal Watson

Testimonials

'Partner-led service, but with support from very strong senior associates.'

'Hands on, hard working, and insightful, and all at amazing value.'

Key Clients

Smithson Investment Trust

Trufin plc

Merian Chrysalis Investment Company Limited

Zeus Capital

Stifel Nicolaus Europe Limited

Zegona Communications

Volex plc

Breedon Group plc

RBC Europe Limited

Carpetright

eServGlobal

Aggregated Micro Power Holdings

Benchmark Holdings

Liberum Capital

finnCap

Numis Securities

Goldman Sachs

Work highlights

  • Advised Smithson Investment Trust plc on its IPO and admission to the official list and to trading on the premium segment of the Main Market of the London Stock Exchange in the UK's largest-ever investment trust launch.
  • Advised Breedon Group Plc on its £170m equity placing, effected by way of a cash box structure.
  • Advised Goldman Sachs International and Numis Securities in their capacity as joint bookrunners on the £80m placing of new ordinary shares issued by Learning Technologies Group plc.
  • Advised RBC Europe Limited as bookrunner on the £118.8m placing of over 100 million new ordinary shares in the capital of Greencoat UK Wind plc.
  • Acted for Peel Hunt and Investec Bank in their capacity as joint bookrunners on the £160m placing of new ordinary shares issued by GB Group plc.

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Equity capital markets ‚Äď small-mid cap
Equity capital markets ‚Äď small-mid cap - ranked: tier 1

Travers Smith LLP

Travers Smith LLP has historically been recognised for its AIM work on both the manager and issuer side, though the practice group works seamlessly across London's AIM and main markets, providing English law and US securities law advice. The firm is consistently instructed by corporate issuers in notable mid and upper-mid market IPOs, and also has strong relationships with prominent nomads and financial advisers in addition to larger investment banks. The group also has expertise in the listed funds market. Clients have recognised the partner-level expertise provided by individuals such as Spencer Summerfield, Philip Cheveley and Andrew Gillen, as well as the deep bench of senior associates, which includes the highly recommended Tom Coulter.

Practice head(s):Philip Cheveley; Spencer Summerfield

Other key lawyers:Andrew Gillen; Dan McNamee; Richard Spedding; Aaron Stocks; Philip Cheveley; Adrian West; Tom Coulter

Testimonials

'Partner-led service, but with support from very strong senior associates.'

'Hands on, hard working, and insightful, all at amazing value.'

Key Clients

Smithson Investment Trust

Trufin plc

Merian Chrysalis Investment Company Limited

Zeus Capital

Stifel Nicolaus Europe Limited

Zegona Communications

Volex plc

Breedon Group plc

RBC Europe Limited

Carpetright

eServGlobal

Aggregated Micro Power Holdings

Benchmark Holdings

Liberum Capital

finnCap

Numis Securities

Goldman Sachs

Work highlights

  • Advised Carpetright plc on its £65m underwritten placing and open offer of new ordinary shares in connection with its company voluntary arrangement to restructure its store portfolio.
  • Advised TruFin plc on its £185m IPO and admission to AIM.
  • Advised Zegona Communications as issuer on the £100.5m placing of new ordinary shares in connection with its proposed acquisition of further shares in Euskaltel.
  • Advised Merian Chrysalis Investment Company Limited on its IPO and listing on the Main Market of the London Stock Exchange.
  • Advised Zeus Capital Limited as financial adviser, broker, joint global co-ordinator and bookrunner, Numis Securities Limited as joint global co-ordinator and bookrunner, and Stockdale Securities Limited as sponsor, to JTC plc, on its £310m Main Market IPO.
Leading individuals

Andrew Gillen - Travers Smith LLP

Spencer Summerfield - Travers Smith LLP

Rising stars

Tom Coulter - Travers Smith LLP

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

Travers Smith LLP

The 'consistently outstanding' Travers Smith LLP covers both contentious and non-contentious financial services matters. Its  non-contentious practice has particular expertise in Senior Manager and Certification Regime (SMCR) and asset management issues, as well as experience in financial market infrastructure and payments. In addition, the group is 'extremely commercially focused and in touch with the latest regulatory developments'. In a recent highlight, practice head Tim Lewis advised a trustee of the British Steel Pension Scheme on the separation of the scheme from Tata Steel and obtained a determination notice and clearance statement for the regulated apportionment arrangement from the pensions regulator. Also notable in the team are: financial products and payments expert Mark Evans; complex structuring issues and novel regulatory specialist Phil Bartram; and Stephanie Biggs, who has particular expertise advising European, US and global private fund sponsors in relation to all aspects of UK and European financial services regulation and compliance. The contentious arm of the practice is known for handling complex and multijurisdictional litigation related to anti-trust and competition. Rob Fell leads the department, which also includes Stephanie Lee, who represents financial institutions and individuals in regulatory investigations. Also noteworthy are senior associate Natalie Lewis and senior counsels Michael Raymond and Sam Cottman.

Practice head(s):Rob Fell

Other key lawyers:Stephanie Lee; Natalie Lewis; Michael Raymond; Sam Cottman

Testimonials

'This excellent team handles all aspects of client needs and coordinates across multiple jurisdictions'

'Great law firm with experience across sectors and involved in many of the biggest ticket pieces of litigation'

'Rob Fell is a great operator with a stellar team'

'Rob Fell and Stephanie Lee are exceptional lawyers'

Leading individuals

Rob Fell - Travers Smith LLP

Next Generation Partners

Stephanie Lee - Travers Smith LLP

Rising stars

Sam Cottman - Travers Smith LLP

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Financial services: non-contentious/regulatory
Financial services: non-contentious/regulatory - ranked: tier 1

Travers Smith LLP

The ‚Äėconsistently outstanding‚Äė¬†Travers Smith LLP¬†covers both contentious and non-contentious financial services matters. Its¬†¬†non-contentious practice has particular expertise in Senior Manager and Certification Regime (SMCR) and asset management issues, as well as experience in financial market infrastructure and payments. In addition, the group is ‚Äėextremely commercially focused and in touch with the latest regulatory developments‚Äė. In a recent highlight, practice head¬†Tim Lewis¬†advised a trustee of the British Steel Pension Scheme on the separation of the scheme from Tata Steel and obtained a determination notice and clearance statement for the regulated apportionment arrangement from the pensions regulator. Also notable in the team are: financial products and payments expert¬†Mark Evans; complex structuring issues and novel regulatory specialist¬†Phil Bartram; and¬†Stephanie Biggs, who has particular expertise advising European, US and global private fund sponsors in relation to all aspects of UK and European financial services regulation and compliance. The contentious arm of the practice is known for handling complex and multijurisdictional litigation related to anti-trust and competition.¬†Rob Fell¬†leads the department, which also includes¬†Stephanie Lee, who represents financial institutions and individuals in regulatory investigations. Also noteworthy are senior associate¬†Natalie Lewis¬†and senior counsels¬†Michael Raymond¬†and¬†Sam Cottman.

Practice head(s):Tim Lewis

Other key lawyers:Mark Evans; Phil Bartram; Stephanie Biggs; Michael Raymond

Testimonials

'The firm not only understand their area immensely well but also disseminate that information in a way that resonates with the business. They also take the time to understand what your needs are and to give you commercial solutions '

'Travers Smith are, without doubt, a market leading firm for regulatory matters. They have depth across the team, are commercial and quick to respond'

'Natalie Lewis and Mark Evans both compliment one another brilliantly. Both have an encyclopedic knowledge of financial markets regulation and the fintech industry'

'Natalie Lewis has an approach which is measured, explanatory and open. She makes concepts understandable'

'Phil Bartram is an outstanding lawyer. He has the rare ability to explain complex regulatory issues in a clear, concise and jargon-free manner'

'Tim Lewis is a fantastic ambassador for the UK's private equity industry. He is intelligent, dedicated and commands respect from clients and regulators alike'

'Stephanie Biggs is extremely logical, thoughtful and proactive. She brings a fresh perspective to complex regulatory issues'

'Michael Raymond is fantastic at managing client projects, expectations and an excellent reliable counsel'

'Mark Evans has been a font of legal knowledge and advice over many years'

Key Clients

Bain Capital Group NoCinven Partners LLP

Apax Partners

AIG Asset Management

Alternative Investment Management Association, Alternative Credit Council, Managed Funds Association, Invest Europe, British Private Equity and Venture Capital Association

CLS Bank International

Goodbody Stockbrokers UC

Trustee of the British Steel Pension Scheme

Ares

Euroclear Group

Work highlights

  • Advised long-standing client TA Associates on its acquisition of the Single Strategy asset management business (the "Single Strategy Business", since renamed Merian).
  • Advising on regulatory change/cutting-edge new contractual and legislative solutions for Euroclear UK & Ireland Limited(EUI), the operator of the UK and Ireland's securities settlement systems (CREST).
  • Advised the trustee of the British Steel Pension Scheme (BSPS) on the separation of the scheme from Tata Steel and obtained a determination notice and clearance statement for the regulated apportionment arrangement (RAA) from the Pensions Regulator.
  • Advised on a number of sensitive conduct matters related to FCA Approved Persons.
  • Advising a Silicon Valley private equity house on the regulatory aspects of its a large public takeover.
Leading individuals

Mark Evans - Travers Smith LLP

Phil Bartram - Travers Smith LLP

Stephanie Biggs - Travers Smith LLP

Tim Lewis - Travers Smith LLP

Rising stars

Michael Raymond - Travers Smith LLP

Natalie Lewis - Travers Smith LLP

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M&A: upper mid-market and premium deals, £500m+
M&A: upper mid-market and premium deals, £500m+ - ranked: tier 4

Travers Smith LLP

Travers Smith LLP handles M&A work for corporates, private equity houses and sponsors, including real estate and infrastructure funds. Across both the public and private markets, the firm manages cross-border mandates through a network of international partner firms, and has recently acted for numerous FTSE100 and FTSE250 firms. Philip Cheveley leads the corporate M&A and ECM practice, while Spencer Summerfield heads the corporate department; Summerfield's broad practice covers cross-border corporate financing, including M&A and joint ventures, with a particular nod to the infrastructure sector in which he holds a number of key client relationships. Recent headline matters include acting for Bridgepoint on the sale of Pret A Manger to JAB Holding Company..

Practice head(s):Spencer Summerfield; Philip Cheveley

Other key lawyers:Ian Shawyer; Paul Dolman; Neal Watson

Testimonials

'Great public company and private equity experience'

Key Clients

Micro Focus International PLC

Breedon Aggregates

Steinhoff International

Bridgepoint

Peel Group

ETF Securities

McColl's Retail Group

Silverfleet Capital

ZPG

Brookfields Utilities UK (BUUK)

Work highlights

  • Advised technology client Micro Focus on its $2.5bn sale of SUSE to a special purpose vehicle held by funds managed by EQT Partners.
  • Acted for real estate client The Peel Group as largest shareholder in Intu Properties, in connection with Hammerson's £3.4bn recommended offer for Intu.
  • Advised AIM-listed construction client Breedon Group Plc on the acquisition of Lagan Group (Holdings) Limited for £455m.
  • Advised the management team of Nets Holding A/S (Nets), a payment services provider,  in connection with the $5.3bn take-private of Scandinavia's largest payment processor from the Copenhagen stock exchange by a group of investors led by Hellman & Friedman and including GIC, Advent and Bain.
  • Advised media client Ascential Group plc on the £300m sale of Ascential Exhibitions to ITE Group plc.
Leading individuals

Spencer Summerfield - Travers Smith LLP

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Private equity: transactions ‚Äď high-value deals (¬£250m+)
Private equity: transactions ‚Äď high-value deals (¬£250m+) - ranked: tier 3

Travers Smith LLP

Acting for management teams forms a key part of the PE and financial sponsors department at Travers Smith LLP 's focus. One notable highlight saw the team advise Bridgepoint and the management team of Pret a Manger on the sale of Pret to JAB. Ian Shawyer and head of team Paul Dolman led on this high value and high profile transaction, which  involved France, the US, China and Scotland. The team also advises on investment matters and exits. The 'very strong and partner-led' group boasts many reputable sponsor clients on its roster, including American PE firm Hellman & Friedman and London-headquartered Livingbridge. Adam Orr is strongly recommended for management representation and has particular expertise in equity incentivisation terms. Senior partner Chris Hale is also highly recommended.

Practice head(s):Paul Dolman

Other key lawyers:Adam Orr; Ian Shawyer; Chris Hale; Lucie Cawood

Testimonials

'An extremely committed and technically well-rounded practice with an excellent approach to doing business. The team is great to work with and highly client-centric; they balance tenacity with pragmatism'.

'Lucie Cawood is extremely competent technically, with a calm but tenacious approach that yields great results in negotiations'.

'A proactive and practical approach to navigating the inevitable legal challenges in any deal. A wealth of experience across the team which is able to create a range of potential solutions. They are hugely committed to protecting their clients' interests'.

'Ian Shawyer brings many years of experience and is there to support the team when required whilst giving them the freedom to grow individually. He also has a great communication style with counterparties but is also pragmatic when he needs to be'.

Key Clients

Bridgepoint

TA Associates

Inflexion

ECI Partners LLP

Silverfleet Capital Partners LLP

Phoenix Equity Partners

Exponent

Bridgepoint Development Capital

Equistone Partners Europe Limited

Livingbridge

Caledonia Investments

August Equity

Horizon Capital

Hellman & Friedman

ICG

3i

Kester Capital

Work highlights

  • Advised Bridgepoint and management on the sale of Pret A Manger to JAB.
  • Advised long-standing client TA Associates on its strategic reinvestment in The Access Group alongside new investor Hg.
  • Advised TA Associates on its acquisition of the single strategy asset management business of Old Mutual Wealth, Merian Global Investors.
  • Advised CALA Homes on the acquisition by Legal and General of a 52.1% interest in CALA Homes.
  • Advised new client Inflexion on its minority investment in Huws Gray Limited, one of the largest independent builders merchants in the UK.
Leading individuals

Paul Dolman - Travers Smith LLP

Next Generation Partners

Adam Orr - Travers Smith LLP

Lucie Cawood - Travers Smith LLP

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Private equity: transactions ‚Äď mid-tier ‚Äď up to ¬£250m
Private equity: transactions ‚Äď mid-tier ‚Äď up to ¬£250m - ranked: tier 1

Travers Smith LLP

Acting for management teams forms a key part of the PE and financial sponsors department at Travers Smith LLP 's focus. One notable highlight saw the team advise Bridgepoint and the management team of Pret a Manger on the sale of Pret to JAB. Ian Shawyer and head of team Paul Dolman led on this high value and high profile transaction, which  involved France, the US, China and Scotland. The team also advises on investment matters and exits. The 'very strong and partner-led' group boasts many reputable sponsor clients on its roster, including American PE firm Hellman & Friedman and London-headquartered Livingbridge. Adam Orr is strongly recommended for management representation and has particular expertise in equity incentivisation terms. Senior partner Chris Hale is also highly recommended.

Practice head(s):Paul Dolman

Other key lawyers:Adam Orr; Ian Shawyer; Chris Hale; Lucie Cawood

Testimonials

'An extremely committed and technically well-rounded practice with an excellent approach to doing business. The team is great to work with and highly client-centric; they balance tenacity with pragmatism'.

'Lucie Cawood is extremely competent technically, with a calm but tenacious approach that yields great results in negotiations'.

'A proactive and practical approach to navigating the inevitable legal challenges in any deal. A wealth of experience across the team which is able to create a range of potential solutions. They are hugely committed to protecting their clients' interests'.

'Ian Shawyer brings many years of experience and is there to support the team when required whilst giving them the freedom to grow individually. He also has a great communication style with counterparties but is also pragmatic when he needs to be'.

Key Clients

Bridgepoint

TA Associates

Inflexion

ECI Partners LLP

Silverfleet Capital Partners LLP

Phoenix Equity Partners

Exponent

Bridgepoint Development Capital

Equistone Partners Europe Limited

Livingbridge

Caledonia Investments

August Equity

Horizon Capital

Hellman & Friedman

ICG

3i

Kester Capital

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London: Crime, fraud and licensing

Fraud: civil
Fraud: civil - ranked: tier 2

Travers Smith LLP

Travers Smith LLP's team has been busy in recent years advising various Hewlett-Packard group companies in relation to the high-profile fraud proceedings resulting from HP's $11bn acquisition of Autonomy in 2011. The firm advises premium clients on matters relating to bribery and corruption, while also handling investigations, asset tracing and proprietary or restitutionary claims. Clients include major corporations and banks, hedge funds, private equity funds, brokers, asset managers, directors and other professionals. Disputes chief Rob Fell, who leads the team, has a strong track record of handling investigations at major financial institutions.

Practice head(s):Rob Fell

Other key lawyers:Stephanie Lee; Stephen Paget-Brown; Andrew King; Toby Robinson; Heather Gagen; Jan Jaap Baer; Caroline Edwards; Huw Jenkin

Key Clients

Hewlett Packard Enterprise

Kaupthing hf and Jóhannes Jóhannsson

Pathfinder Minerals plc

A significant UK company operating in the agricultural biotech sector

Work highlights

  • Continuing to represent various Hewlett-Packard group companies in $5bn fraud proceedings in the Chancery Division.
  • Instructed by Jóhannes Jóhannsson, a former member of the Winding-Up Committee of the Icelandic bank Kaupthing, to advise and represent him in connection with Commercial Court proceedings.
  • Acting for AIM-listed Pathfinder Minerals Plc (and two other relevant companies) in an ongoing dispute relating to the ownership of the mining concession licences.

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London: Dispute resolution

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

Travers Smith LLP

Travers Smith LLP's 'banking litigation practice has really strengthened in the last few years'. Its disputes work involves share and money transfers, breaches of mandate, the CHAPS system, allegations of fraudulent activity, and instructions involving trades in derivatives and CDOs. The team acted for Macquarie Capital (Europe) in its Commercial Court claim to recover success fees that should have been paid to it for debt advisory and equity raising services. Rob Fell heads the dispute resolution group, which includes Stephen Paget-Brown, Andrew King, Caroline Edwards, Jan-Jaap Baer, Huw Jenkin, Toby Robinson and Heather Gagen. Stephanie Lee was made partner and Sam Cottman is the senior counsel to note.

Practice head(s):Rob Fell

Other key lawyers:Stephen Paget-Brown; Andrew King; Caroline Edwards; Jan-Jaap Baer; Huw Jenkin; Toby Robinson; Heather Gagen; Stephanie Lee; Sam Cottman

Testimonials

'It has some outstanding lawyers at all levels of seniority and has been involved in a number of big ticket pieces of litigation. The practice is going from strength to strength, is well-placed to handle the most important disputes in the English Courts, and its teams are totally committed to their clients.'

'Rob Fell is one of the go-to partners in this field; he has great commercial judgement, entirely understands his clients' objectives and is totally committed to them. His communication skills are also second to none and he is a very safe pair of hands.'

Key Clients

Bank of England

Kaupthing Bank

Jóhannes Rúnar Jóhannsson

Nomura

Taberna Europe Capital Management

Lehman Brothers International (Europe) (in administration)

Macquarie Capital (Europe)

Work highlights

  • Advised Jóhannes Jóhannsson, a former member of the winding-up committee of Icelandic Bank Kaupthing, on Commercial Court proceedings commenced by businessman Robert Tchenguiz (RT) and related companies, trusts and individuals. The proceedings arose out of work undertaken to recover assets from RT and his brother in connection with Kaupthing's insolvency.
Leading individuals

Caroline Edwards - Travers Smith LLP

Rob Fell - Travers Smith LLP

Next Generation Partners

Stephanie Lee - Travers Smith LLP

Rising stars

Sam Cottman - Travers Smith LLP

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Commercial litigation
Commercial litigation - ranked: tier 2

Travers Smith LLP

Travers Smith LLP is 'populated by extremely capable and dedicated partners and associates; each of them is at the top of their game.' The firm's full-service dispute resolution department acts in all types of complex commercial and corporate litigation for both UK entities and international clients. Examples of the team's work include Toby Robinson, Andrew King, Jan-Jaap Baer and Stephanie Lee  representing various Hewlett-Packard group companies (HP) in high-value proceedings in the Chancery Division, which arose out of HP's $11bn acquisition of Autonomy. Rob Fell is dispute resolution department head; Stephen Paget-Brown is experienced in a wide range of domestic and international commercial disputes; and Caroline Edwards  works on substantial commercial and corporate disputes, and is also developing a reputation in competition litigation. The other key contacts are Huw Jenkin and Heather Gagen; Alexa Day was elected to the partnership.

Practice head(s):Rob Fell

Other key lawyers:Toby Robinson; Andrew King; Jan-Jaap Baer; Stephanie Lee; Rob Fell; Stephen Paget-Brown; Caroline Edwards; Huw Jenkin; Heather Gagen; Alexa Day

Testimonials

'Its client base and the cases the firm gets reflect that it is at the leading edge of City law firms'.

'The lawyers' focus is very clear - to do everything within their power to provide the client with the best possible service. Every member of the team is devoted to that cause and the approach of the entire team is consistent'.

'Stephen Paget-Brown really cares about his clients and always works professionally; he is also very good at analysing situations and forming strategies for the future'.

'Huw Jenkin is exceptionally clever - his clients are in the very best hands'.

'Andrew King is a legend, who is wise and experienced'.

'Stephanie Lee is a rising star, who is masterful at everything she does - clever, excellent drafting and strategic'.

Key Clients

Hewlett Packard Enterprise

Renesas Electronics

Ancala Partners

Pathfinder Minerals

Macquarie Capital (Europe)

DAF Trucks

Work highlights

  • Acted for Ancala Partners, an infrastructure investment manager, in a dispute that arose from its acquisition of an interest in a North Sea gas pipeline and related infrastructure.
Leading individuals

Rob Fell - Travers Smith LLP

Stephen Paget-Brown - Travers Smith LLP

Next Generation Partners

Heather Gagen - Travers Smith LLP

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Competition litigation
Competition litigation - ranked: tier 3

Travers Smith LLP

Travers Smith LLP’s 'formidable' cross-departmental competition litigation department has assisted clients with high-profile follow-on cartel litigation concerning smart card chips, automotive bearings, CRT glass, and trucks. One notable representation for the team includes an instruction by Japanese smart-chip manufacturer Renesas Electronics Corporation in relation to a high-value cartel damages claim brought against the client by Vodafone. The team is also very active in other industries such as shipping, financial services and the automotive sector. Practice co-heads Nigel Seay and Caroline Edwards are highly recommended.

Practice head(s):Nigel Seay; Caroline Edwards

Other key lawyers:Heather Gagen

Testimonials

'Travers Smith's dispute resolution team is formidable, professional and highly experienced'

'Uniquely positioned as a truly independent firm with a star reputation'

'Capable of handling an enormous workload'

'Caroline Edwards is bright and very perceptive; she identifies issues at an early stage and develops efficient strategies to deal with them'

'Nigel Seay stands out as a hugely experienced competition law litigator with immense ability; he is tactically astute and always acts in the best interests of his clients'

'Clearly a future star, Heather Gagen is rapidly gaining prominence in the field of competition litigation'

Key Clients

Renesas Electronics Corporation

Wallenius Wilhelmsen Logistics

Schott AG

JTEKT Corporation

Wireless Group

Work highlights

  • Advising members of Renesas Electronics Corporation on a significant cartel damages claim brought against it  by Vodafone.
  • Instructed by leading shipping company Wallenius Wilhelmsen Logistics in respect of proceedings brought against it before the English courts by Daimler AG, following the European Commission's decision regarding the supply of roll-on, roll-off vehicle shipping services.
  • Advised Wireless Group, owned by News Corporation, on a significant competition complaint to broadcasting regulator Ofcom about the BBC's alleged anti-competitive approach to purchasing radio commentary rights for major sports events.

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London: Finance

Acquisition finance
Acquisition finance - ranked: tier 4

Travers Smith LLP

The team at Travers Smith LLP is 'best in class' at advising on mid-market private equity-backed acquisition finance mandates, and leverages the firm's deeply entrenched sponsor ties with the likes of Bridgepoint and TA Associates. Although it is best-known for its borrower practice, under the guidance of 'intellectually top-drawer and commercial' team head, Matthew Ayre, the team continues to generate a significant volume of lender work for clients including HSBC. The team has developed particular expertise advising on mandates within the media, leisure, technology, retail and infrastructure spaces.

Practice head(s):Matthew Ayre

Other key lawyers:Andrew Gregson; Donald Lowe; Barry Newman; Danny Peel

Testimonials

'Responsive, easy to work with, and commercial.'

'Andrew Gregson is exceptionally strong and a pleasure to deal with.'

'Matthew Ayre has a wealth of experience in mid-market deals.'

'Barry Newman is responsive and thoughtful.'

Key Clients

Bridgepoint/Bridgepoint Development Capital

TA Associates

Phoenix Equity Partners

Ancala Partners

Royal Bank of Scotland International

Shawbrook

Paragon Bank

Auto Trader Group plc

Shepherd Neame

Carpetright

Work highlights

  • Advised Bridgepoint on senior debt facilities made available to finance its acquisition of a majority stake in PEI Media.
  • Advised Livingbridge on a term loan and revolving credit facility made available to finance its acquisition of a majority stake in the Coversure Group.
  • Advised TA Associates on the senior debt facilities made available for the purpose of financing its acquisition of Old Mutual Wealth's single strategy asset management business (a leading independent UK-based asset management business).
  • Acted for Phoenix Equity Partners on debt facilities made available to finance its £142m acquisition of Nexus Vehicle Rental.
  • Acted for Phoenix Equity Partners on the financing of its acquisition of Capital Economics Research from sellers including LDC and the existing Capital Economics management team.

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Bank lending: investment grade debt and syndicated loans
Bank lending: investment grade debt and syndicated loans - ranked: tier 5

Travers Smith LLP

While it is best known for its mid-market leveraged finance expertise for private equity sponsors,¬†Travers Smith LLP¬†also handles a significant amount of corporate lending and corporate acquisition finance matters. The team has also successfully secured an increased volume of lender work, both in relation to core acquisition finance and corporate lending work, as well as for funds finance and speciality finance¬†‚Äď where it is acknowledged for its 'excellent knowledge of the market'.¬†Danny Peel¬†has an excellent reputation among lenders in the funds finance space and recently advised a syndicate of banks on a subscription facility made available to a fund.

Practice head(s):Matthew Ayre

Other key lawyers:Danny Peel; Charles Bischoff; Katie McMenamin; Jamie Parish

Testimonials

'The team is constructive and candid.'

'The team is one the leaders in the specialist finance space.'

Key Clients

Shawbrook

Paragon Bank

Royal Bank of Scotland International

Investec

Silicon Valley Bank

Shepherd Neame

HSBC

Bridgepoint/Bridgepoint Development Capital

TA Associates

Phoenix Equity Partners

Work highlights

  • Advised Paragon Bank and part-advised the other syndicate member, British Business Investments, on debt facilities made available to a special purpose vehicle in the Liberis group.
  • Advised Shawbrook Bank, and funds managed by Insight Investment, on the provision of a senior term and revolving facilities agreement to the Glenhawk group.
  • Advised existing client Auto Trader Group plc, the digital automotive classified advertising business, on its £400m refinancing with debt finance provided by a syndicate of lenders.
  • Advised Carpetright plc on a financial restructuring, alongside advising on their CVA and equity fund raise.
  • Advised HSBC as lender on the provision of senior term and revolving facilities made available to finance CBPE Capital's acquisition of a majority stake in Chas A Blatchford & Sons Holdings.

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Corporate restructuring & insolvency
Corporate restructuring & insolvency - ranked: tier 6

Travers Smith LLP

Headed by the 'proactive, focused and calm' Edward Smith ,  Travers Smith LLP's 'small but perfectly formed' two-partner team has 'excellent technical knowledge and understanding' of insolvency and restructuring procedures. The firm has been particularly active of late handling mandates within the high street/retail space, and has advised numerous debtors, including Carpetright and Carluccio's, on their CVAs. The team also picks up a significant amount of work for troubled portfolio companies from the firm's 'top-notch' roster of mid-market private equity sponsors.

Practice head(s):Edward Smith

Other key lawyers:Peter Hughes; Natalie Scoones;

Testimonials

'The team has strength in depth and an excellent technical knowledge and understanding, particularly in relation to CVAs.'

'The individuals have an enviable reputation for service and technical expertise.'

'Edward Smith is clearly a subject matter expert, very pro-active, extremely focused and calm, and a pleasure to work with.'

'Edward Smith has an impressive sense of poise and gravitas.'

Key Clients

Carpetright plc

Carluccio's Limited

Powerleague Fives Limited

Patron Capital

ICMPG

Equistone

Akzo Nobel

UBM

Work highlights

  • Advised longstanding corporate client Carpetright plc on its CVA and capital raising.
  • Advised Carluccio's Limited, the well-known Italian restaurant chain, on its CVA.
  • Advised Powerleague Fives Limited, a leading provider of 5-a-side football facilities, on its CVA.
  • Advised longstanding client Equistone on its investment in and ownership of the Gaucho and Cau steak restaurant group. This involved advising on restructuring options including a possible CVA, and Equistone's exit from the structure.
  • Acted for the trustee of the Akzo Nobel (CPS) Pension Scheme in relation to the protection of its funding base and ongoing covenant support during an intense period of potential corporate activity involving the sponsoring employer and its wider group.

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

Travers Smith LLP

'Commercial, fast, accurate - best-in-class', says a client of Travers Smith LLP, which advises investment managers, private equity funds, challenger and foreign-headquartered banks, blue-chip pension schemes, funds, corporates and financial institutions on derivatives, repo, securities lending and investment products, and associated regulation. Head of derivatives and structured products Jonathan Gilmour is 'a terrific attorney - responsive, commercial and efficient'. He handles transactional and advisory work and is regarded as a key adviser to buy-side clients. Sebastian Reger is an expert in longevity transactions, with which he assists insurance companies, pension schemes and collateral managers. Peter Hughes handles investment and structured products, focusing on the derivatives aspects, as well as collateral and credit support and bespoke transactions to hedge exposures. Vanessa Kalijnikoff Battaglia and the 'very personable' Joseph Wren are rising star senior associates.

Practice head(s):Jonathan Gilmour; Matthew Ayre

Other key lawyers:Sebastian Reger; Peter Hughes; Vanessa Kalijnikoff Battaglia; Joseph Wren

Testimonials

"There is extensive experience across the whole team. They always seem to be able to bring in a specialist team member to cover the issues that arise."

"Joseph Wren is a stand-out senior associate who supports us, but the whole team are strong. They are always responsive, always meet deadlines and advice is always clear."

"Their technical skills are excellent and their approach to the job is always driven by a problem-solving attitude and an understanding of the commercial aspects. Our first choice of English counsel for this types of transactions."

"We have greatly enjoyed working with Jonathan Gilmour and Vanessa Kalijnikoff  Battaglia. The fact that they are pleasant people helped a lot in developing our relationship and creating a positive working environment."

"They have an unwavering dedication to this area and to understanding the way in which different areas of the derivatives industry is impacted by incoming legislation and regulatory change. Whilst new relative to other firms, they have the clear commitment to perform at the highest levels."

"Jonathan Gilmour has worked tirelessly to create this department and has managed to train a number of skilled and highly talented associates. He is very personable and considerate and a pleasure to work with."

"Joseph Wren has great charm and ambition. He is conscientious, committed and will continue to be a fundamental part of this growing team."

Key Clients

Micro Focus International PLC

Allianz Global Investors GmbH

Brown Brothers Harriman

Bridgepoint Advisers Limited

Pay.UK

British Steel Pension Scheme

3i PLC

Microsoft Corporation

Generation Investment Management LLP

Vodafone Group Pension Scheme

Montagu Private Equity LLP

Aberdeen Asset Managers

Investec

London Metal Exchange

Ares Management Limited

Work highlights

  • The high-profile separation of the British Steel Pension Scheme from the Tata Steel business.
  • The implementation of the Allianz Global Investors securities lending platform.
  • Advising The Nortel Networks UK Pension Plan on a £2.4bn buy-out transaction entered into with Legal and General Assurance Society.
  • Working with Italian Legal Services to advise DBRS on a number of Italian securitisation transactions involving banks including JP Morgan, Santander and BNP Paribas.
  • Advising Bridgepoint on fund structuring for its flagship Europe funds, as well as its domestically-focussed Development Capital funds.
Rising stars

Joseph Wren - Travers Smith LLP

Vanessa Kalijnikoff Battaglia - Travers Smith LLP

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London: Human resources

Employee share schemes
Employee share schemes - ranked: tier 1

Travers Smith LLP

Travers Smith LLP provides its clients with in-depth analysis of the technical tax aspects of employee incentives in addition to relevant governance, trust, employment, corporate and securities law considerations. The practice is well versed in the designing, drafting and implementation of a broad array of incentive arrangements and is increasingly advising on corporate governance matters including remuneration policies. Mahesh Varia heads the department, which represents publicly traded and private equity-backed companies from a range of industry sectors on both a domestic and international scale. Other key names in the team include Elissavet Grout, a specialist in the employee incentive aspects of corporate transactions, and Kevin Donegan, who is a share schemes practitioner.

Practice head(s):Mahesh Varia;

Other key lawyers:Elissavet Grout; Kevin Donegan;

Key Clients

Worldpay (NYSE & LSE)

finnCap (AIM)

SSP Group (LSE)

Stobart Group Plc (LSE)

Zedra

Pets at Home (LSE)

Puregym

Alexander Mann Solutions

Pret a Manger

Merian Global Investors

Work highlights

  • Represented Pret and management on the employee incentives aspects of the £1.5bn sale of Pret to global investment firm JAB.
  • Assisted Puregym with the implementation of a share ownership arrangement for managers and senior employees following its £600m acquisition by Leonard Green & Partners LP.
  • Advised Worldpay on a new save-as-you-earn (SAYE) share option plan for UK employees following its merger with Vantiv.
  • Advised Micro Focus International on the employee and management incentives implications of the $2.535bn sale of its SUSE business to EQT Partners.
  • Advising on the unwinding of Alexander Mann's share plan arrangements on its sale to OMERS private equity.
Leading individuals

Mahesh Varia - Travers Smith LLP

Rising stars

Elissavet Grout - Travers Smith LLP

Kevin Donegan - Travers Smith LLP

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Employment: employers
Employment: employers - ranked: tier 2

Travers Smith LLP

As an independent firm, Travers Smith LLP's employment practice prides itself on its ability to provide a more focused UK service, advising premium clients across a range of sectors including financial services, insurance, leisure, travel, sport, retail, tech and pharma. For matters with a cross-border component, the firm has well-established relationships with a number of overseas firms, allowing it to select the most suitable lawyers to work with when foreign advice is required. The practice has been led since the beginning of 2018 by Ed Mills, who handles the full range of contentious, non-contentious and transactional employment law matters. He draws on strong support from Sian Keall, former practice head Tim Gilbert and newly qualified partner Adam Wyman.

Practice head(s):Ed Mills

Other key lawyers:Sian Keall; Tim Gilbert; Adam Wyman

Key Clients

Assa Abloy

Checkout Limited

Elan Capital

Foxtons

Robert Walters

AIG

Bidvest

Brewin Dolphin

Canaccord Genuity

ETF Securities

Environmental Resources Management

The Football Association

Groupon

LVMN

Metro Bank

Raytheon

SSP plc

Teva Pharmaceuticals

Virgin Active

Western Union

Youview

Marathon Asset Management

Work highlights

  • Representing The Association of Independent Professionals and the Self Employed and one of its members in a landmark Employment Tribunal claim for worker status and holiday pay against HM Revenue & Customs.
  • Acting for software company Access UK on all of their employment law needs, including employment aspects of a number of acquisitions.
  • Advised a household name, listed FTSE 250 company in relation to significant whistleblowing complaint and investigation.
  • Provided employment advice to ETF Securities on the $611m sale of its European exchange-traded commodity, currency and short-and-leveraged business to US financial services business WisdomTree Investments.
  • Advised Teva UK on a large-scale collective restructuring programme.
Leading individuals

Ed Mills - Travers Smith LLP

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Immigration
Immigration: business - ranked: tier 4

Travers Smith LLP

Travers Smith LLP's business immigration team works closely with the firm's employment team to advise on a rage of matters for clients in sectors including financial services, media, leisure, pharma, manufacturing and retail. The practice's expertise includes advising on immigration sponsorship licences and related compliance issues, and the full spectrum of work visas. The team also handles immigration issues relating to restructurings and other corporate transactions. The banking and financial services sector is a key focus for the team, which advises Metro Bank on all business immigration issues.

Practice head(s):Ed Mills

Other key lawyers:Siân Keall; Tim Gilbert; Adam Wyman; Moji Oyediran

Key Clients

Metro Bank

Bidfood

Bain Capital

STA Travel

Groupon

The Access Group

Brewin Dolphin

Marathon Asset Management

Bakkavor plc

Liberty Specialty Markets

Work highlights

  • Advising Bain Capital on a range of business immigration issues, including in relation to Brexit.
  • Advises on business immigration issues associated with Bidfood executives.
  • Advising on sponsorship licence issues, associated with various business acquisitions, for The Access Group.
  • Advising Lothbury Investment Management on the immigration issues associated with the sale of a majority stake in its business to Nomura Real Estate Holdings.
  • Advising on a range of business immigration issues for Marathon Asset Management.

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Pensions (non-contentious)
Pensions (non-contentious) - ranked: tier 2

Travers Smith LLP

The pensions team at Travers Smith LLP works seamlessly with the firm’s wider offering to provide a multidisciplinary approach on sophisticated restructuring mandates, corporate transactions, employer covenant issues and pensions disputes. The practice, which includes established names such as Daniel Gerring, Paul Stannard, Susie Daykin and senior counsel Karen Sahota, recently welcomed Sebastian Reger from Sacker & Partners LLP, who has expanded the derisking offering; insurer buy-ins and buy-outs are a particular strength for the team.

Practice head(s):Daniel Gerring

Other key lawyers:Paul Stannard; Susie Daykin; Karen Sahota; Sebastian Reger

Testimonials

'A very thorough and practical team of lawyers'

'The firm provides excellent technical advice, delivered in a commercial way'

'Responsive with a strength in depth'

'Daniel Gerring provides very commercial and pragmatic solutions'

'Susie Daykin and Carmel Dodd are measured and practical in their approach'

'Dan Naylor is always trusted with his advice and guidance'

'Susie Daykin and Helen Rowan provide top quality, robust legal advice'

'David James is an excellent technician who always gets to the bottom of the problem'

Key Clients

Trustee of the MGN Pension Schemes

Trustee of the Nortel Networks UK Pension Plan

Trustee of the British Steel Pension Scheme

Trustee of the Akzo Nobel (CPS) Pension Scheme

Trustee of the Sony United Kingdom Pension Scheme

Trustee of the C&J Clark Pension Fund

Trustee of the Clarks Flexible Pension Scheme

Micro Focus International PLC

Trustee of the UBM Pension Scheme

Trustee of the Willis Pension Scheme

Trustee of the BAE Systems Pension Scheme

Work highlights

  • Advising the trustee of the MGN Pension on the implications for the scheme of the acquisition by Reach of certain assets of the scheme sponsor, Trinity Mirror.
  • Ongoing legal support to the trustee of the C&J Clark Pension Fund and the Trustee of the Clarks Flexible Pension Scheme including advice in relation to the closure of both schemes to future accrual.
  • Advised the trustee of the Sony United Kingdom Pension Scheme on the closure of the defined contribution section of the scheme and the subsequent transfer of circa £100m of assets to a master trust.
  • Advised the trustee of the British Steel Pension Scheme on the complex restructuring of the £15bn British Steel Pension Scheme (sponsored by Tata Steel).
  • Advised the trustee of the Nortel Networks UK Pension Plan on securing member benefits and the exit from the PPF assessment.
Leading individuals

Daniel Gerring - Travers Smith LLP

Paul Stannard - Travers Smith LLP

Susie Daykin - Travers Smith LLP

Next Generation Partners

Karen Sahota - Travers Smith LLP

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

Travers Smith LLP

The pensions team at Travers Smith LLP works seamlessly with the firm’s wider offering to provide a multidisciplinary approach on sophisticated restructuring mandates, corporate transactions, employer covenant issues and pensions disputes. The practice, which includes established names such as Daniel Gerring, Paul Stannard, Susie Daykin and senior counsel Karen Sahota, recently welcomed Sebastian Reger from Sacker & Partners LLP, who has expanded the derisking offering; insurer buy-ins and buy-outs are a particular strength for the team.

Practice head(s):Daniel Gerring

Other key lawyers:Paul Stannard; Susie Daykin; Karen Sahota; Sebastian Reger

Testimonials

'A very thorough and practical team of lawyers'

'The firm provides excellent technical advice, delivered in a commercial way'

'Responsive with a strength in depth'

'Daniel Gerring provides very commercial and pragmatic solutions'

'Susie Daykin and Carmel Dodd are measured and practical in their approach'

'Dan Naylor is always trusted with his advice and guidance'

'Susie Daykin and Helen Rowan provide top quality, robust legal advice'

'David James is an excellent technician who always gets to the bottom of the problem'

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London: Insurance

Product liability: defendant
Product liability: defendant - ranked: tier 4

Travers Smith LLP

Travers Smith LLP has particular strength advising clients on chemical and industrial product compliance as well as in product liability disputes. The client portfolio comprises of a mix of sectors, including consumer products, electronics, toys, cosmetics, automotive, pharmaceutical and medical devices, and tobacco. Practice head Doug Bryden specialises in product compliance, safety and recalls, and regulatory defence, and he has also experience in chemical and hazardous substances controls. Heather Gagen is the key contact for dispute resolution matters for individual and group actions.

Practice head(s):Doug Bryden

Other key lawyers:Heather Gagen

Key Clients

Integer

Greatbatch

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London: Investment fund formation and management

Listed funds
Listed funds - ranked: tier 2

Travers Smith LLP

'Niche expertise in specific areas balanced by sound commercial advice' is a unique feature of the investment funds group at Travers Smith LLP, according to one client. The team is led by Sam Kay, with core practitioners Aaron Stocks and Will Normand highlighted as being 'highly engaged and motivated partners'. Besides working for high-profile funds on the London market, the firm also represents managers with global investor bases and leading investment banks. Recent years have been marked by an increase in the number of US-based managers who choose to instruct the firm, in part due to the ancillary expertise of the firm's in-house US securities law group led by Dan McNamee. Advising Smithson Investment Trust on what was at the time the UK's largest ever investment trust launch was a major recent highlight.

Practice head(s):Sam Kay

Other key lawyers:Aaron Stocks; Will Normand

Testimonials

'I find the whole of the Travers team to be highly engaging, commercial and pragmatic. They are highly knowledgeable and are always on hand to help find solutions. They are extremely well connected in the market and I would not hesitate to recommend them'.

'They managed the process extremely well, combining their knowledge of the client with their product expertise to deliver very sound advice. They combine attention to detail with the ability to consider the big picture'.

'Both Aaron Stocks and Will Normand have a great breadth of knowledge on the listed market and are the go-to lawyers for me in this sector'.

'Senior associate Leigh Stockey is highly skilled and knowledgeable. She will always go the extra mile for her clients'.

'Will Normand offers excellence in technical aspects and client management. Aaron Stocks is particularly strong in anticipating roadblocks and delivering sound advice'.

'Will Normand combines excellent technical knowledge with insightful commercial input to provide clear and pragmatic advice'.

'Professional, personable and very patient; they went above and beyond to help get us to market'.

Key Clients

Smithson Investment Trust Plc

Merian Chrysalis Investment Company Limited

Sir Martin Sorrell and S4 Capital Plc

Literacy Capital plc

Impact Healthcare REIT

Ranger Direct Lending Fund plc

Neuberger Berman Europe Limited

Stifel Nicolaus Europe Limited

Liberum Capital Limited

Numis Securities Limited

Franklin Templeton Investment Management Limited

Work highlights

  • Advising Smithson Investment Trust plc on its IPO and admission to the official list and to trading on the premium segment of the Main Market of the London Stock Exchange in the UK's largest ever investment trust launch.  
  • Advised Merian Chrysalis Investment Company Limited, which is advised by Merian Global Investors Limited, on its initial public offering and listing on the Main Market of the London Stock Exchange.
  • Advised new client Sir Martin Sorrell and his investment vehicle, S4 Capital Limited, on S4 Capital's establishment, accelerated £51m private placement and share-for-share reverse acquisition by S4 Capital plc.
  • Acting for the issuer, Franklin Templeton Investment Management Limited, on the proposed IPO of up to 300 million shares of €1 each in a Luxembourg SICAV and applications for admission to trading on the Specialist Fund Segment of the Main Market of London Stock Exchange plc and the Regulated Spot Market of the Bucharest Stock Exchange.
  • Advised new client debt fund Blue Ocean Maritime Income plc in connection with its proposed US$250 million IPO and admission to trading on the Specialist Funds Segment of the London Stock Exchange.  
Leading individuals

Aaron Stocks - Travers Smith LLP

Will Normand - Travers Smith LLP

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Private funds
Private funds - ranked: tier 3

Travers Smith LLP

The investment funds department at Travers Smith LLP possesses 'excellent insight into industry standards and has a great understanding of private equity strategies, including venture', according to one client. Another comments that 'we cannot rate them highly enough'. While private equity fund formation is a core area of operation, the group also handles a regular flow of secondaries transactions and some work relating to the infrastructure and private debt asset classes. Head of practice Sam Kay is a key contact, while Jeremy Elmore is the name to note for institutional investor representation. Also recommended is senior associate Edward Ford, who advises GP clients on fundraisings in the private equity, infrastructure and debt spaces.

Practice head(s):Sam Kay

Other key lawyers:Jeremy Elmore; Edward Ford

Testimonials

'Travers Smith are professional, commercial and highly responsive. They are our go-to law firm for our most important strategic projects'.

'Travers Smith is excellent in terms of quality, commercial acumen and technical expertise'.

'A great team with partners from several disciplines who really work together to bring the optimal solution to the client. They listen to what you want or need and build solutions around that. They will also work seamlessly with other providers'.

'Sam Kay will always give us the time and attention that we need; he very much leads from the front. His technical expertise is first-rate but, just as important, he is very solutions-orientated. We also value his calm strategic input when we are dealing with various business challenges'.

'Senior associate Ed Ford is an excellent lawyer and a valued member of the team. In particular, he understands the responsibility that comes with facing our investors and he manages the process expertly'.

'Ed Ford is commercially-minded and always prompt'.

'Sam Kay is excellent'.

Key Clients

SV Health Investors LLP

Hermes GPE LLP

Benson Elliot Capital Management LLP

Local Pensions Partnership Investments Ltd

Medicxi Ventures Management (Jersey) Limited

Piper PE LLP

GLIL Infrastructure LLP

PiP Managers Ltd

Abris Capital Partners Ltd

Kester Capital LLP

Pemberton Asset Management

Njord Partners LLP

Work highlights

  • Advised SV Health on the successful fundraising of the Dementia Discovery Fund, with total commitments of £250m.
  • Advised long-standing client Benson Elliott on the £830m fundraising of Benson Elliott Fund V.
  • Advised Hermes GPE on the GP-led secondary of a $1.5bn portfolio of a private equity funds of funds portfolio.
  • Advised ADM Capital on the successful fundraising of Cibus LP.
  • Structured and implemented the new LGPS infrastructure pooling vehicle for GLIL.
Rising stars

Edward Ford - Travers Smith LLP

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Real estate funds
Real estate funds - ranked: tier 3

Travers Smith LLP

Fund formation work is supplemented by specialist funds tax and regulatory capabilities in Travers Smith LLP's investment funds department, which is led by key contact Sam Kay. The firm is able to handle a wide range of fund structures including REITs, offshore investment entities, limited partnerships and unit trusts. Listed funds are another key focus point for the team, which has a strong record of assisting clients with healthcare real estate funds across both fundraisings and Initial Public Offerings (IPOs). Aaron Stocks is noted for his expertise in this area.

Practice head(s):Sam Kay

Other key lawyers:Aaron Stocks

Key Clients

Benson Elliot Capital Management LLP

Hermes Infrastructure

Impact Healthcare REIT Plc

Stifel Nicolaus Europe Limited

GLIL Infrastructure LLP

Pensions Infrastructure Platform

Voreda LLP

Assura Plc

Ares Management

Work highlights

  • Advised Impact Healthcare REIT on seven acquisitions of care homes, including asset and share acquisitions, and a portfolio sale and leaseback from and to Prestige Care Group.
  • Advised Stifel in its capacity as sole bookrunner and financial adviser on a placing, open offer and offer for subscription of £94m of Ordinary Shares in Target Healthcare REIT Limited and a subsequent placing programme of up to 150 million ordinary shares in Target.
  • Acted for long-standing client, Benson Elliott, on the successful fundraising of Benson Elliott Fund V.
  • Advised Hermes Infrastructure in connection with the structuring and fundraising of Hermes Infrastructure Fund II LP.

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London: Projects, energy and natural resources

Infrastructure (including PFI and PPP)
Infrastructure (including PFI and PPP) - ranked: tier 4

Travers Smith LLP

The infrastructure sector group at Travers Smith LLP brings together specialists from a number of the City firm's teams, with M&A and private equity lawyers joined by commercial, competition, employment, finance, real estate, environment and tax experts to provide a cross-practice transactional team. The firm's client portfolio includes listed companies as well as infrastructure funds, and the group is particularly active in the renewables, water, construction and airports sectors. Practice head Spencer Summerfield also leads the corporate department at the firm, while newly promoted partners Mohammed Senouci and Jonathan Walters are also an integral parts of the team.

Practice head(s):Spencer Summerfield

Other key lawyers:Mohammed Senouci; Jonathan Walters

Testimonials

'The team is known for its fantastic level-headed attitudes and providing an execution-driven service. They also have extremely fast response times and are dedicated to clients.'

'Spencer Summerfield and Jonathan Walters both are very commercial and open to discussion with and views of other advisers. They both work in a collaborative and 'one team' way with other deal advisers to ensure the best combined advice and appropriate legal protection.'

Key Clients

3i Infrastructure

AMP Capital

Arjun Infrastructure Partners

Ancala Partners

BUUK Infrastructure

Challenger Infrastructure Fund

GLIL Infrastructure

Northleaf Capital Partners

Peel Group

Pensions Infrastructure Platform

Work highlights

  • Advised 3i Osprey on the sale of its stake in Anglian Water to Dalmore Capital and GLIL Infrastructure.
  • Advised Breedon Group on the acquisition of Lagan Group Limited for a consideration of £455m.
  • Advised Basalt Infrastructure Partners on its disposal of its interest in Alkane Energy to Infinis Energy Management.
  • Advised Ancala Partners on its acquisition of South Downs Capital Limited from South Downs Trustees.
  • Assisted Arjun Infrastructure Partners with the acquisition of two combined heat and power plants, Beckton Energy Limited and Rothes CoRDe Limited from iCON Infrastructure Partners II and its co-investors.

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London: Public sector

Healthcare
Healthcare - ranked: tier 4

Travers Smith LLP

Travers Smith LLP's healthcare clients include investors and start-up companies in the healthcare, pharmaceutical and medical devices sectors. The firm specialises in healthcare M&A and also offers complementary expertise in regulatory matters, employment, tax and contentious work. Doug Bryden, Simon Rutman and Edmund Reed are the key partners for regulatory, real estate and private equity, respectively.

Practice head(s):Doug Bryden

Key Clients

Greatbatch Medical (part of Integer Holdings Corporation)

Spire Healthcare

Impact Healthcare REIT

Peel Hunt LLP

Bridgepoint Capital

Work highlights

  • Advised on the sale of specialist neuro-disability care provider The Badby Group to Elysium Healthcare, the specialist mental healthcare provider backed by BC Partners.
  • Advising VLS, a leading international life sciences venture capital firm, as fund manager of the Dementia Discovery Fund.
  • Advised Hartwood Care, investee companies of Cinnamon Care Capital, on an £18m term facility made available by National Westminster Bank plc to refinance its existing facilities.
  • Advised Hikma Pharmaceuticals on major manufacturing agreements with producers in Austria, France, China and Taiwan.

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London: Real estate

Commercial property: corporate occupiers
Commercial property: corporate occupiers - ranked: tier 3

Travers Smith LLP

Noted for its ‚Äėefficiency, commerciality and approachability‚Äô, the team at Travers Smith LLP¬†is active on the full spectrum of commercial property matters. It recently handled a number of investment transactions relating to care homes, infrastructure, hotels and retail centres and counts a number of real estate funds and private equity entities among its client roster. The alternative asset classes, particularly healthcare, student housing, build to rent and the private sector, are particular strengths, as are purchases, finance transactions, lettings, developments and CVAs. Additional industry expertise of extends to the logistics, leisure, retail, energy and infrastructure sectors. Simon Rutman¬†heads the department which was recently bolstered by the lateral hire of Alex Millar¬†from Jones Day. He tailors his practice towards development and regeneration projects.

Practice head(s):Simon Rutman

Other key lawyers:Paul Kenny; Emma Pereira

Testimonials

'Ease of use and efficiency, commerciality and approachability, easy to digest advice.'

'Speedy and efficient'.

Key Clients

Beazley

Bridgepoint

Office Space in Town

Lothbury

Merian Global Investors (UK) Limited

Micro Focus

Clearbell

The London Clinic

Carpetright plc

Carluccio's Ltd

STA Travel Ltd

Work highlights

  • Acting for Office Space in Town on the sale of a service office portfolio by way of share sale of two property joint ventures to RDI REIT.
  • Advising on the 492 property portfolio of Carpetright, in connection with its CVA, together with advice on its £60m equity raise (with US securities aspect) and a £15m shareholder loan and refinance of its property portfolio.

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

Travers Smith LLP

Noted for its ‚Äėefficiency, commerciality and approachability‚Äô, the team at Travers Smith LLP¬†is active on the full spectrum of commercial property matters. It recently handled a number of investment transactions relating to care homes, infrastructure, hotels and retail centres and counts a number of real estate funds and private equity entities among its client roster. The alternative asset classes, particularly healthcare, student housing, build to rent and the private sector, are particular strengths, as are purchases, finance transactions, lettings, developments and CVAs. Additional industry expertise of extends to the logistics, leisure, retail, energy and infrastructure sectors. Simon Rutman¬†heads the department which was recently bolstered by the lateral hire of Alex Millar¬†from Jones Day. He tailors his practice towards development and regeneration projects.

Practice head(s):Simon Rutman

Other key lawyers:Alex Millar

Testimonials

'Ease of use and efficiency, commerciality and approachability, easy to digest advice.'

'Speedy and efficient'.

Key Clients

Patron Capital

Ancala

Breedon

Bridgepoint

Impact REIT

Office Space in Town

Clearbell

Lothbury

AshbyCapital

Ciel Capital

Voreda

Westrock

Cinnamon Capital

Highgate Hotels

Oxford University

Work highlights

  • Acting for Westrock in relation to its major Boulevard redevelopment of the eastern end of Crawley town centre involving the construction of a new town hall and office building for Crawley Borough Council, new residential units, a district heat network centre and new leisure spaces.
  • Acted for Patron Capital, a key client, on the purchase of several sites for development as care homes.
  • Advising Clearbell Capital on the ongoing development and management of its placemaking development in Durham.
  • Acting for Greenacre Capital Limited as part of a joint venture to develop land between Haine Road and Manston Court Road in Thanet for 900 homes, a school, hotels, restaurants, bars and other businesses.
  • Acted for Westrock's Platform_ on forward funding and joint venture arrangements in respect of PRS development in Exeter, Sheffield and Cardiff with a combined post-development value of over £150m.

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

Travers Smith LLP

Noted for its ‚Äėefficiency, commerciality and approachability‚Äô, the team at Travers Smith LLP¬†is active on the full spectrum of commercial property matters. It recently handled a number of investment transactions relating to care homes, infrastructure, hotels and retail centres and counts a number of real estate funds and private equity entities among its client roster. The alternative asset classes, particularly healthcare, student housing, build to rent and the private sector, are particular strengths, as are purchases, finance transactions, lettings, developments and CVAs. Additional industry expertise of extends to the logistics, leisure, retail, energy and infrastructure sectors. Simon Rutman¬†heads the department which was recently bolstered by the lateral hire of Alex Millar¬†from Jones Day. He tailors his practice towards development and regeneration projects.

Practice head(s):Simon Rutman

Other key lawyers:Paul Kenny; Alex Millar

Testimonials

'Ease of use and efficiency, commerciality and approachability, easy to digest advice.'

'Speedy and efficient'.

Key Clients

Marriott Hotels

Patron Capital

Highgate Hotels

Clearbell Capital

Bridgepoint

Azzurri

Greenacre Capital

Bannatyne Group

M&L Hospitality

Carluccio's

BTC Hotel Management

Ciel Capital

Work highlights

  • Represented Bridgepoint on its sale of Pret a Manger.
  • Acted for Credit Agricole and a consortium of other banks in their financing of Foncière des Régions' acquisition of a portfolio of 14 UK hotels for £858m from Starwood Capital.

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Commercial property: investment
Commercial property: investment - ranked: tier 3

Travers Smith LLP

Noted for its ‚Äėefficiency, commerciality and approachability‚Äô, the team at Travers Smith LLP¬†is active on the full spectrum of commercial property matters. It recently handled a number of investment transactions relating to care homes, infrastructure, hotels and retail centres and counts a number of real estate funds and private equity entities among its client roster. The alternative asset classes, particularly healthcare, student housing, build to rent and the private sector, are particular strengths, as are purchases, finance transactions, lettings, developments and CVAs. Additional industry expertise of extends to the logistics, leisure, retail, energy and infrastructure sectors. Simon Rutman¬†heads the department which was recently bolstered by the lateral hire of Alex Millar¬†from Jones Day. He tailors his practice towards development and regeneration projects.

Practice head(s):Simon Rutman

Other key lawyers:Alex Millar; Paul Kenny

Testimonials

'Ease of use and efficiency, commerciality and approachability, easy to digest advice.'

'Speedy and efficient'.

Key Clients

CALA Homes

Patron Capital

Clearbell Capital

Lothbury Investment Management Limited

Bridgepoint Advisors Limited

Ancala Partners LLP

Breedon Aggregates PLC

Impact REIT

Laxfield Capital

Westrock

AshbyCapital

Ciel Capital

Cinammon Capital

Work highlights

  • Represented Bridgepoint, one of the firm's key clients, on its sale of Pret A Manger.
  • Advising CALA Homes on the acquisition by Legal & General of the 52.1% interest in CALA Homes that it did not previously own, resulting in Legal & General now taking full ownership of CALA Homes.
  • Acting for Microfocus on the sale of its Suse software business.
  • Acting on the acquisition of a portfolio of operational quarries in England and Northern Ireland.
  • Advising Impact Healthcare Reit plc on its continued expansion including the acquisition of a further £76m's worth of care homes.

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

Travers Smith LLP

Noted for its ‚Äėefficiency, commerciality and approachability‚Äô, the team at Travers Smith LLP¬†is active on the full spectrum of commercial property matters. It recently handled a number of investment transactions relating to care homes, infrastructure, hotels and retail centres and counts a number of real estate funds and private equity entities among its client roster. The alternative asset classes, particularly healthcare, student housing, build to rent and the private sector, are particular strengths, as are purchases, finance transactions, lettings, developments and CVAs. Additional industry expertise of extends to the logistics, leisure, retail, energy and infrastructure sectors. Simon Rutman¬†heads the department which was recently bolstered by the lateral hire of Alex Millar¬†from Jones Day. He tailors his practice towards development and regeneration projects.

Practice head(s):Simon Rutman

Other key lawyers:Emma Pereira

Testimonials

'Ease of use and efficiency, commerciality and approachability, easy to digest advice.'

'Speedy and efficient'.

Key Clients

intu

Bridgepoint

STA Travel

Lothbury

Carpetright

Carluccios

Clearbell

HUT Group

Atelier NA

Work highlights

  • Advising Bridgepoint on its £1.5bn sale of Pret a Manger to JAB Holdings.
  • Advising on the 492 property portfolio of Carpetright, in connection with its CVA, together with advice on its £60m equity raise (with US securities aspect) and a £15m shareholder loan and refinance of its property portfolio.

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Environment
Environment - ranked: tier 2

Travers Smith LLP

Travers Smith LLP is especially active in advising on environmental transactions, environmental regulations regarding manufacturing and chemicals, and governance and risk management processes. The firm also handles environmental product compliance work and product liability disputes, and assists with claims alleging cross-jurisdictional parent company liability for the breach of environmental regulations. Practice head Doug Bryden is 'a star in his field' and a specialist in carbon reporting, renewable energy and contaminated land cases.

Practice head(s):Doug Bryden

Key Clients

BMK Holdings

Nomura

Bridgepoint

Oaktree Capital

Ancala Partners

Greatbatch

Palletways

Arjun Infrastructure Partners

Patron Capital

Shepherd Neame

RAC

Amgen

Work highlights

  • Advising Ancala Midstream Acquisitions Limited (AMAL) on the environmental and regulatory aspects of the Scottish Area Gas Evacuation system pipeline (SAGE) and the Beryl gas pipeline
  • Advising Ancala Partners on the acquisition of a licensed UK water supply company 
  • Advised Breedon Group on the environmental and safety aspects of the £455m acquisition of Lagan Group
  • Advised Basalt Infrastructure Partners on the disposal of the client’s interest in Alkane Energy to Infinis Energy Management, a generator of landfill gas
  • Advised Bridgepoint on a collaboration with Burger King, which included the production of an Environmental, Social and Governance (ESG) report
Leading individuals

Doug Bryden - Travers Smith LLP

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Property finance
Property finance - ranked: tier 5

Travers Smith LLP

Travers Smith LLP is noted for its growing lender-side client base, although it also acts for a number of borrowers; the team has particular expertise in acting for real estate funds. The practice advises on investment and development finance and regularly handles opco/propco matters, particularly in the care home sector. Practice head Danny Peel counts numerous funds and real estate-backed corporates among his clients, while Paul Kenny specialises in hotel, healthcare, infrastructure and renewable energy assets.

Practice head(s):Danny Peel; Matthew Ayre

Other key lawyers:Paul Kenny

Testimonials

'The Travers team is very professional, very commercial and does not waste time on minor points but will only raise significant issues.'

'Danny Peel is very professional in his approach, good fun to work with and takes a very pragmatic and commercial approach to most situations.'

'Travers real estate finance team is efficient, swift to respond and has good attention to detail. There is always a consistency with the team and partners that we work with.'

'Danny Peel has great attention to detail and always strives to get the best outcome possible for us. Danny is always very kind and easygoing whilst still being efficient and professional.'

Key Clients

Patron Capital

Clearbell Capital

Mansford Capital

Meyer Bergman

Office Space in Town

The Royal Bank of Scotland International Limited

Laxfield Capital

Safestore Holdings Plc

Ashby Capital

Fairview New Homes

Work highlights

  • Advising Shepherd Neame Limited on the refinancing of its existing corporate facilities with a new financing structure secured on its portfolio of public houses and hotels.
  • Advising a subsidiary of Impact Healthcare REIT plc on a new facilities agreement comprising a term facility and a revolving credit facility made available by Metro Bank plc.
  • Advising an investee company of Meyer Bergman on the refinancing of facilities made available for the acquisition of a mixed-use property on New Oxford Street in London.
  • Advising an investee company of M&L Hospitality on a term facility agreement, made available by Santander UK plc and Oversea-Chinese Banking Corporation Limited as lenders, for the financing of the acquisition of two new-build hotels set within a 19-storey development in Manchester.
  • Advising an investee company of Clearbell Capital on the financing of the development of a large mixed-use scheme at the Riverwalk in Durham via the provision of a four-year term loan facility.

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Property litigation
Property litigation - ranked: tier 5

Travers Smith LLP

Travers Smith LLP is particularly active in development-related disputes such as rights of light, rights of way and restrictive covenants but the 'hard-working, available and responsive' team led by 'calm and measured' senior counsel Andrew Ross also handles disputed lease renewals and CVA-related property claims.

Practice head(s):Andrew Ross

Key Clients

Azzurri Trading

Beazley Management

Benson Elliot Services

Bridgepoint Advisers

Carpetright

Chelsea Stadium

Clearbell Capital

Lothbury Property Trust Company

McAleer & Rushe

Northridge Capital

Work highlights

  • Acting for Chelsea Stadium, the stadium owners at Stamford Bridge football stadium, in defence of a claim brought by neighbours that the proposed £1bn development of the stadium would interfere with their rights of light.
  • Acting for Lothbury Property Trust Company in a challenge raised by a neighbour, who claimed that the external seating at one of the client's buildings will be obstructing a right of way to the entrance of the neighbour's office.
  • Acting for Lothbury Property Trust Company in a dispute over recent refurbishment works and the question whether they are recoverable under a service charge.
  • Handled several disputes for Carpetright pertaining to lease terminations under its CVA.

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London: Risk advisory

Brexit
Brexit - ranked: tier 3

Travers Smith LLP

Travers Smith LLP’s Brexit working group is led by senior partner Chris Hale and takes a cross-departmental approach to assisting clients, involving lawyers from the employment, financial products, environment, trade and commercial departments. The group has particular expertise in the financial services sector, with notable clients including Euroclear and Bain Capital; assisting the latter with its business immigration issues and the implications of Brexit for its EU national staff based in the UK. Ben Chivers focuses on commercial and trade issues and also leads the leisure and hospitality group, Mark Evans heads up the financial products and payments practice, Doug Bryden is the key contact for EU regulatory advice, and Ed Mills leads the employment group and also handles immigration mandates.

Practice head(s):Chris Hale

Other key lawyers:Ben Chivers; Mark Evans; Doug Bryden; Ed Mills

Testimonials

'The team provides in-depth and practical information on the full range of legal topics. It is well-prepared, on top of new developments and great to work with.'

'Ben Chivers and Spencer Summerfield are both responsive and insightful regarding any request made'.

Key Clients

Euroclear

Fondul Proprietara

Micro Focus plc

Bain Capital

Davidson Kempner

Hikma Pharmaceuticals

Work highlights

  • Advising Bain Capital on Brexit-related business immigration issues.
  • Assisting Davidson Kempner European Partners with the full spectrum of business immigration work.
  • Advising Hikma Pharmaceuticals on amendments to its key manufacturing agreements to take account of Brexit-related risks.
  • Acting for a multinational software provider on the impact of Brexit on its business.

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Corporate governance
Corporate governance - ranked: tier 2

Travers Smith LLP

The governance group at Travers Smith LLP encompasses multiple dedicated teams including the governance and trade risk group, listed company advisory team, anti-corruption team and the firm's boardroom risk initiative. The firm's blue-chip client base benefits from the team's knowledge of the interactions between governance, risk management and compliance, as well as substantial expertise in transactional matters. Doug Bryden, who leads both the governance and trade risk group and the environment and regulatory group, handles policies, processes and procedures relating to governance risks including bribery, corporate crime and human rights, among others. Laura Summerfield heads up the listed company advisory team, which assists publicly quoted corporates with best practice and corporate culture matters. Other key individuals include employment partner Adam Wyman and senior associate Aisling Arthur, who handles shareholder activism matters, market abuse regulation advice, board policies and best practice compliance for listed companies.

Practice head(s):Doug Bryden; Laura Summerfield

Other key lawyers:Adam Wyman; Aisling Arthur

Testimonials

'The highly flexible and responsive team at Travers Smith assists clients with time-critical and sensitive matters on a wide variety of subjects. The firm's balanced approach greatly aids management decision making.'

'The team of Doug Bryden, Laura Smyth, Hannah Duke, Dan Reavill and Ashley Avery strike an excellent balance of handling issues in a manner you would expect of a colleague while remaining respectful of the client relationship. This approach makes them an invaluable resource.'

'The group has a willingness to listen to clients requirements and give personable but professional advice with useful insights into what other similar companies are doing.'

Key Clients

Nomura

Work highlights

  • Advising various publicly quoted companies on traditional corporate governance matters including board composition and succession planning, controlling shareholders issues, remuneration policies, director changes, AGM materials and compliance work.
  • Assisting multiple shareholders and listed clients with shareholder activism matters.
  • Advising various listed clients on the implementation of market abuse regulations.
Leading individuals

Doug Bryden - Travers Smith LLP

Laura Summerfield - Travers Smith LLP

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

Travers Smith LLP

Travers Smith LLP handles a range of complex data protection issues including data protection audit and policy work, data collection and consent issues, e-marketing work, security breaches and international data transfers. The group also has substantial GDPR expertise; it recently advised Caffé Nero, Muzinich & Co, Fortress Investment Group and Office Retail on their GDPR compliance programmes. Group head Dan Reavill regularly assists on data protection, information security and confidentiality issues and Louisa Chambers focuses on the retail, pensions, leisure and financial services sectors. James Longster was promoted to the partnership in 2019; he has significant expertise advising on the data protection aspects of IT and outsourcing transactions, cross-border deals and the exploitation of data obtained by consumer-facing businesses.

Practice head(s):Dan Reavill

Other key lawyers:Louisa Chambers; James Longster

Testimonials

'Travers Smith has in-depth knowledge of data protection law, provides practical and business-friendly advice, and is always able to respond at short notice and attend calls when asked.'

'The group is very commercial and pragmatic in its approach, and great at identifying solutions to problems. It also has outstanding GDPR and data protection knowledge.'

'The team is a tight knit, experienced, pragmatic team. It supports clients from a variety of sectors, which enables them to offer advice and solutions which have worked for different clients and which might not have been considered in other sectors. Response rate is excellent.'

'The team gives very clear, concise advice. The area of law is new and requires interpretation - the team is always able to give its view on how best to apply the law. It is able to draw on experience from other clients in similar sectors to advise on best industry practice.'

'Both James Longster and Dan Reavill are very accessible and go out of their way to make themselves available at short notice. They are very dependable and aware of commercial challenges.'

'Louisa Chambers combines her specialist expertise with excellent commercial understanding. Her advice is to the point and always adds value.'

'Louisa Chambers is a rising star. She is incisive, responsive and pragmatic as well as being a pleasure to work with - she bears all the hallmarks of an excellent and versatile Travers Smith lawyer.'

'James Longster is a young partner making his mark. Intelligent, pragmatic and responsive.'

Key Clients

Unilever Pension Scheme Trustees

Caffé Nero

Prudential

Sompo International

CrowdJustice

Euroclear

Brewin Dolphin

Muzinich

Bridgepoint

OFFICE Retail

Work highlights

  • Assisting Caffe Nero with its GDPR compliance and the data protection aspects of several commercial arrangements.
  • Advising Office Retail on all of its data compliance matters.
  • Assisting Micro Focus with its GDPR compliance programme and multiple data protection matters including the sale of its open-source enterprise software business.
  • Handling Prudential's GDPR compliance work and other data protection issues including the data implications of the separation of a large part of its business.
  • Advising Euroclear UK & Ireland on its project to implement a cross-border settlement system for US dollars.

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Regulatory investigations and corporate crime
Regulatory investigations and corporate crime - ranked: tier 3

Travers Smith LLP

Travers Smith LLP combines lawyers from its financial services & markets and dispute resolution teams to advise on regulatory investigations, enforcement action and disciplinary proceedings. It is experienced in dealing with investigations brought by the FCA, the SFO, the London Stock Exchange, the Environment Agency, the Health and Safety Executive and the US DoJ. Areas of expertise include bribery, money laundering and fraud. Head of team Rob Fell focuses on dispute resolution, regulatory investigations and internal investigations. Stephanie Lee was promoted to partner.

Practice head(s):Rob Fell

Other key lawyers:Doug Bryden; Tim Lewis; Heather Gagen; Caroline Edwards; Nigel Seay; Stephen Paget-Brown; Toby Robinson; Huw Jenkin; Stephen Whitfield; Sam Cottman; Richard Everett

Testimonials

‘Travers Smith have unparalleled expertise in regulatory investigations’.

‘The team has real strength in depth compared to many of its rivals, with heavyweight partners assisted by highly experienced associates’.

‘The team is particularly adept at managing potential and actual investigations of financial institutions by regulators and prosecution authorities, combining efficient disclosure management, timely advice, and immense skill in negotiation’.     

‘Rob Fell is formidable, combining a razor sharp mind with immense charm’.

‘Huw Jenkin is a class act; he became a partner at an unusually young age and since then has gone from strength to strength’.           

Work highlights

  • Representing a major logistics company on all aspects of regulatory investigation and defence in relation to a workplace fatality.

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London: TMT (technology, media and telecoms)

Fintech
Fintech - ranked: tier 3

Travers Smith LLP

Travers Smith LLP's fintech practice has particular expertise advising payments systems on setting up and running technology-based financial systems infrastructure, advising on the development of major fintech products, software and outsourcing arrangements, and assisting clients with the IP and data protection aspects of their projects. Dan Reavill, who specialises in IT and IP law, recently acted for eFront during its roll-out of an investment platform that enables investment vehicles to swap data and obtain information, involving the consideration of data and IP ownership and the preparation of contracts with third party data providers. Mark Evans is the firm's go-to international payments expert; his recent work includes helping Pay.UK to implement a legislative model enabling non-bank payment service providers to gain access to central bank settlement accounts.

Practice head(s):Dan Reavill

Other key lawyers:Mark Evans

Testimonials

"Travers Smith's fintech team stands out for its high quality partners and strong commercial advice."

"Dan Reavill is flexible, commercial in his approach and always extremely helpful."

Key Clients

eFront Limited

Paymentsense Limited

Paragon Bank plc

Cheque & Credit Clearing Company Limited

Faster Payments Scheme Limited

Pay.UK Limited

Euroclear UK & Ireland Limited

Auto Trader Group plc

Peak Business Insight Limited

Pret a Manger

Work highlights

  • Advised Peak with its standard form customer contract suite and various supplier arrangements relating to its provision of machine-based learning data analytics services.
  • Provided Paymentsense with integrated data protection and IT advice.
  • Acting as project counsel to C&CCC in the successful launch of a totally new payment system called the Image Clearing System.
  • Acted for Faster Payments Scheme Limited (a subsidiary of Pay.UK Limited) in relation to a cutting-edge new FinTech business and on regulatory developments.
  • Advised existing client Auto Trader on a joint venture with Cox Automotive UK Limited to provide a leading digital marketplace for wholesale vehicles in the UK.
Leading individuals

Mark Evans - Travers Smith LLP

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Franchising
Franchising - ranked: tier 4

Travers Smith LLP

With substantial expertise in the restaurant, hospitality, leisure, retail and fashion sectors, Travers Smith LLP regularly advises clients on issues beyond purely franchising work including brand licensing, IT arrangements and supply and logistics contracts. Recent work includes handling day-to-day franchising issues for BKUK, assisting Caffe Nero with a franchising agreement, and acting for Pret on its domestic and international franchising needs. Key contacts include newly promoted partner James Longster, Tom Purton and Ben Chivers. Dan Reavill heads up the group.

Practice head(s):Dan Reavill

Other key lawyers:James Longster; Tom Purton; Ben Chivers

Key Clients

BKUK (master franchisee of the Burger King brand)

Pret (formerly Pret a Manger)

Caffe Nero

Jamaica Patty Company

M&L Offshore Investments

Gaucho

Immediate Media

Cath Kidston

Nails Inc.

Jack Wills

SSP

BTC UK

Work highlights

  • Advised BKUK Group on its franchising requirements relating to the Burger King brand.
  • Assisting Caffe Nero with its franchise agreement with Aramark.
  • Advising Reed & Mackay on its franchising arrangements in the Netherlands.
  • Acting for Investec Bank as the nominated adviser and broker on the placing of new ordinary shares by easyHotel.
  • Advising M&L Investments on its international portfolio of hotels.

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IT and telecoms
IT and telecoms - ranked: tier 3

Travers Smith LLP

Travers Smith LLP's practice acts for IT suppliers and companies acquiring technology on transactions and contentious mandates. The team attracts praise for its 'exceptional expertise in multiple sectors' including the financial services, pensions, leisure and retail industries. Dan Reavill heads up the practice and regularly advises on IT matters relating to software, data, the internet and branding issues. Other names to note for large IP projects include Louisa Chambers and newly promoted partner James Longster, who 'understands complex technical aspects and ensures the client has a strong contractual position'.

Practice head(s):Dan Reavill

Other key lawyers:Louisa Chambers; James Longster

Testimonials

'A great team of individuals who have exceptional expertise in multiple sectors and bring that experience to the matter at hand.'

'The team at Travers Smith team is really strong on technical, knotty issues and its advice is always very practical and easy to follow.'

'James Longster is exceptionally helpful and knowledgeable and his availability unparalleled.'

'James Longster is very reliable and is all over the detail.'

Key Clients

Micro Focus PLC

Hewlett Packard

eFront

Paymentsense

Caffe Nero

Eco-Bat Technologies

Auto Trader

STA Travel

Peak Business

Bridgepoint

Pret

Argent Energy

Work highlights

  • Advised Micro Focus on the $2.5bn sale of its open source business to a special purpose vehicle.
  • Advised Auto Trader on a joint venture to establish a digital market place with Cox Automotive UK.
  • Instructed by STA Travel on the global renewal and expansion of its business critical hosting and network services arrangement with CenturyLink.
  • Assisted Caffe Nero with the negotiation of a new master licence agreement with CrunchTime Information Systems.
  • Advised Burger King on its arrangement with Timico for the provision of critical infrastructure and communications technology services in Burger King restaurants.

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Media and entertainment (including media finance)
Media and entertainment (including media finance) - ranked: tier 3

Travers Smith LLP

Travers Smith LLP's cross-disciplinary media team handles a range of dispute resolution, regulatory, IP, M&A, corporate and commercial matters for major household brands, as well as more niche media entities. The team is also instructed by private equity and other investors in the media and entertainment sector. Its expertise spans the publishing, advertising, film, TV, broadcasting, theatre, new media and media infrastructure industries. The team is also noted for its ability to handle cross-border instructions; it advised private equity firm Exponent on the £166m acquisition of publishing heavyweight Dennis Publishing and advised TES Global and THE World Universities Insights on various matters such as collaboration and international sponsorship agreements in various territories.

Practice head(s):Richard Brown; Dan Reavill

Other key lawyers:Ben Chivers; Ian Shawyer; Sonny Mallet

Testimonials

The team provides very straight-talking advice.

It is very commercial.

Key Clients

Wireless Group

Genesis Films

The Ascential Group

New Scientist

Exponent

Immediate Media Company

TES Global

Ambassador Theatre Group

G.Network

S4 Capital

Open Fibre Networks

Bridgepoint

Work highlights

  • Advised private equity firm Exponent on the £166M acquisition of publishing heavyweight Dennis Publishing,
  • Advised new client S4 Capital Limited, Sir Martin Sorrell's investment vehicle, on its acquisition of global creative production powerhouse MediaMonks
  • Advised New Scientist on a wide range of business-critical issues including several major outsourcings and a print services agreement.
  • Advised Wireless Group, owned by News Corp, on a major competition complaint to broadcasting regulator Ofcom about the BBC.
  • Advised TES Global and THE World Universities Insights on various matters including collaboration and international sponsorship agreements in territories ranging from North America through to Russia, the Middle East and Asia.

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    The Immigration Act 2014 (‚Äúthe 2014 Act‚ÄĚ) reduced the circumstances in which the refusal of an immigration application will give rise to a right of appeal.¬†The¬† explanatory notes ¬†to the 2014 Act state that the Act was intended to restructure rights of appeal to the Immigration Tribunal. Previously, a right of appeal to the Immigration Tribunal existed against any of the 14 different immigration decisions listed in s.82 of the¬† Nationality, Immigration and Asylum Act 2002 ¬†(‚Äúthe 2002 Act‚ÄĚ). As explained below, whether or not the refusal of an immigration application currently generates a right of appeal depends on the subject matter of the application rather than its categorisation.