The Legal 500

White & Case LLP

5 OLD BROAD STREET, LONDON, EC2N 1DW, ENGLAND
Tel:
Work 020 7532 1000
Fax:
Fax 020 7532 1001
Web:
www.whitecase.com

London: Corporate and commercial

Corporate tax
Corporate tax - ranked: tier 4

White & Case LLP

At White & Case LLP, Prabhu Narasimhan advised on the structuring of Novator Partners’ multibillion-dollar fund. Peita Menon, who heads the growing team, is a key contact for transactional tax matters.

Leading individuals

Michael Wistow - White & Case LLP

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EU and competition
EU and competition - ranked: tier 7

White & Case LLP

Mark Powell heads the team at White & Case LLP, which is supported on the non-contentious side by James Killick. Jacquelyn MacLennan acted for Toshiba in an appeal to the General Court against a €115m fine imposed by the EC. GlaxoSmithKline, Microsoft, Nordic Capital and Pfizer are also clients of the practice. MacLennan, Charles Balmain and John Reynolds are particularly active in litigation.

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Equity capital markets
Equity capital markets - ranked: tier 2

White & Case LLP

White & Case LLP’s London office, which acts as a hub for Europe-wide capital markets work, has handled deals in the Milan, Istanbul and Madrid stock exchanges, and is continuing to make inroads into the UK market, most recently recruiting the ‘outstanding’ Jonathan Parry from Ashurst. Inigo Esteve represented the underwriters on Sophos’s IPO, which gave the UK software company a market capitalisation of $1bn. US securities experts Laura Sizemore and Michael Immordino are also recommended.

Leading individuals

Jonathan Parry - White & Case LLP

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Financial services
Financial services (non-contentious/regulatory) - ranked: tier 5

White & Case LLP

White & Case LLP regularly acts for clients on regulatory aspects arising from financial services M&A. Team leader Stuart Willey regularly works with colleagues throughout the firm’s global network and, in addition to regulatory driven transactional matters, handles standalone work on issues such as the risk retention rules associated with the CLO market.

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M&A: upper mid-market and premium deals, £250m+
M&A: upper mid-market and premium deals, £250m+ - ranked: tier 4

White & Case LLP

White & Case LLP’s ‘excellent’ practice is jointly led by Ian Bagshaw, Richard Youle and Allan Taylor. Infrastructure expert John Cunningham is ‘able to effectively marshal the experts in any jurisdiction in a short period of time’; he advised Wren House Infrastructure on its $550m purchase, via a joint venture with Gas Natural Fenosa, of a 25% stake in the latter’s subsidiary company Global Power Generation. Guy Potel joined from Hogan Lovells International LLP in June 2016.

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

White & Case LLP

White & Case LLP has ‘good jurisdictional coverage across key European countries’. Jointly led by Ian Bagshaw and Richard Youle, its team ‘identifies key issues that need to be addressed at each stage of a transaction’. Clients also appreciate ‘the good blend of skillsets which are brought to a situation as appropriate’, including restructuring, finance, regulatory and capital markets. Highlights included acting for an international consortium in the acquisition of the Tank & Rast group from Terra Firma and RREEF. Arle Capital, CVC and HgCapital are notable clients. In 2015, Caroline Sherrell joined from Clifford Chance and Kenneth Barry was hired from Debevoise & Plimpton LLP. Emma Parr recently made partner.

Leading individuals

Ian Bagshaw - White & Case LLP

Richard Youle - White & Case LLP

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London: Crime, fraud and licensing

Corporate crime (including fraud, bribery and corruption)
Corporate crime (including fraud, bribery and corruption) - ranked: tier 3

White & Case LLP

White & Case LLP’s practice was strengthened following the arrival of Jonathan Pickworth from Dechert LLP. The team has acted for several global financial institutions in relation to internal and regulatory investigations.

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

White & Case LLP

The financial crime team at White & Case LLP was strengthened by the addition of new department head Jonathan Pickworth from Dechert LLP. Following his arrival, the group has picked up some high-profile clients involved in several widely publicised investigations by the SFO and international authorities.

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London: Dispute resolution

Banking litigation: investment and retail
Banking litigation: investment and retail - ranked: tier 3

White & Case LLP

White & Case LLP welcomed contentious regulatory expert Jonathan Pickworth from Dechert LLP. The team is ‘well placed to manage big-ticket banking litigation’ and acted for Goldman Sachs International (and its Singaporean affiliate) in claims involving private wealth management clients. John Reynolds, Jason Yardley (‘an extremely clever and creative lawyer’) and Charles Balmain (who is noted for his ‘clear, helpful advice’) are recommended. John Higham QC retired from the partnership and retains a consultancy role with the firm, while Charlie Lightfoot departed for Jenner & Block LLP.

Leading individuals

John Reynolds - White & Case LLP

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Commercial litigation
Commercial litigation - ranked: tier 3

White & Case LLP

White & Case LLP recruited contentious regulatory expert Jonathan Pickworth from Dechert LLP, offsetting Charlie Lightfoot’s departure to Jenner & Block LLP. The team (which provides ‘clear, targeted advice’) continued to represent Çukurova Holding in its long-running dispute with Alfa Group. John Reynolds, Jason Yardley, John Higham QC and Charles Balmain are also recommended.

Leading individuals

John Higham QC - White & Case LLP

John Reynolds - White & Case LLP

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Competition litigation
Competition litigation - ranked: tier 4

White & Case LLP

White & Case LLP acted for Toshiba Corporation in regard to the TV and computer monitor tubes cartel litigation and in the gas insulated switchgear cartel investigation. The practice also acts for clients in the pharmaceutical and banking sectors. Charles Balmain, Mark Powell and John Reynolds are recommended.

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International arbitration
International arbitration - ranked: tier 2

White & Case LLP

White & Case LLP is praised for the ‘sophistication of its legal services’. The team acted for Grupo Unidos por el Canal (Panama) and its shareholders in a dispute surrounding the Panama Canal expansion project. Key figures include Phillip Capper, David Goldberg (who ‘has excellent instincts’), Dipen Sabharwal (who attracts praise for his ‘great experience’) and Robert Wheal. Charlie Lightfoot joined Jenner & Block LLP.

Leading individuals

David Goldberg - White & Case LLP

Phillip Capper - White & Case LLP

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London: Finance

Acquisition finance
Acquisition finance - ranked: tier 2

White & Case LLP

Headed by the ‘excellentLee Cullinane, White & Case LLP’s London team is able to leverage the firm’s very good bank and bond offering, as well as solid US and English law expertise. The ‘affable and experiencedJeremy Duffy provides ‘sensible yet robust advice’. Gareth Eagles regularly handles work for GSO Capital Partners, including its financing of Oaktree Capital Management’s acquisition of Ainscough Crane Hire group. Colin Harley, Martin Forbes and Jacqueline Evans are also recommended.

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Asset finance and leasing
Asset finance and leasing - ranked: tier 2

White & Case LLP

Led by the ‘excellentJustin Benson, White & Case LLP’s four-partner team provides ‘proactive and commercial advice’ to clients in the aviation sector, including commercial banks such as Deutsche Bank, ECA providers including UK Export Finance, operating lessors such as Jackson Square Aviation, and operators such as Thomas Cook Group. The practice is also continuing to build up its shipping and rail capabilities, with Alison Weal attracting praise for her ‘astute and concise analysis of transactions’ in the shipping sector; and the ‘smart and efficientLouise Mor noted for her rail expertise. Adrian Beasley (who attracts praise for his ‘ability to cut through the nonsense and get to the real issues’) continues to represent CIT Group on the ECA-supported financing of over 50 Airbus aircraft on lease to various airlines.

Leading individuals

Justin Benson - White & Case LLP

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

White & Case LLP

The ‘attentive’ and ‘knowledgeable’ team at White & Case LLP provides a ‘solutions-oriented’ service to banks and corporates including Deutsche Bank, Goldman Sachs and Aliaxis Group. Jeremy Duffy (who attracts praise for his ‘sensible and robust advice’) recently advised Aliaxis Group on its €680m revolving facility, and Christopher Czarnocki recently advised Puma Energy on its $1.25bn revolving facility. Other recommended partners include the ‘excellentRobert Bennett and Lee Cullinane.

Leading individuals

Lee Cullinane - White & Case LLP

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Corporate restructuring and insolvency
Corporate restructuring and insolvency - ranked: tier 3

White & Case LLP

Led by Christian Pilkington, White & Case LLP’s four-partner team has ‘a deep understanding of the restructuring market’ and acts for a balanced and broad array of clients including banks, funds and debtors. The team’s ability to leverage the firm’s wide-ranging international network and complementary practice areas was recently illustrated by its advice to Kaupthing on its approximately $45bn restructuring. The team has also been heavily involved in restructurings in the energy and shipping space; highlights included advising the debtors of Afren plc and lenders to Torm on their $1bn-plus restructurings. Laura Prater has ‘the requisite skillset to get even the most complicated deals done’ and is recommended alongside Ian Wallace, who joined the firm from Freshfields Bruckhaus Deringer LLP in August 2015.

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Debt capital markets
Debt capital markets - ranked: tier 1

White & Case LLP

A standout firm for DCM’, White & Case LLP is highly active in emerging markets and is increasing its presence in Europe. Global practice head Stuart Matty (who ‘understands how to work with clients’) and Melissa Butler (who is noted for her ‘truly excellent understanding of English and US law’) acted for the lead managers including Barclays Bank on Ghana’s $1bn issuance of amortising bonds. The practice’s ‘deep bench of experts’ includes Francis Fitzherbert-Brockholes, who advised the managers including Deutsche Bank on a $750m offering by the State Oil Company of the Azerbaijan Republic. Michael Doran and US capital markets partners Ian Clark and Doron Loewinger acted alongside Fitzherbert-Brockholes and Matty for the government of Ukraine on its $15bn sovereign Eurobond restructuring.

Leading individuals

Francis Fitzherbert-Brockholes - White & Case LLP

Melissa Butler - White & Case LLP

Stuart Matty - White & Case LLP

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

White & Case LLP

White & Case LLP is ‘a very solid, reliable and good-value firm’. Derivatives specialist Ingrid York and David Barwise are ‘incredibly commercial, responsive and provide no-nonsense advice’; they acted alongside ‘excellent lawyerGavin McLean and Joshua Parbhu for Goldman Sachs as arranger on the issue of senior and subordinated CLO notes totalling more than €350m. McLean also advised Compagnie Française d’Assurance pour le Commerce Extérieur on structured elements of its $143.7m floating rate notes issue. Other clients include Deutsche Bank, JPMorgan and Goldman Sachs.

Leading individuals

Ingrid York - White & Case LLP

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Emerging markets
Emerging markets - ranked: tier 1

White & Case LLP

For some, White & Case LLP is ‘the best in the City; few firms come close when it comes to African deals’. For debt transactions, Melissa Butler is ‘exactly the partner you want on emerging market deals’ and Stuart Matty is ‘superb’. They are advising banks including Deutsche Bank on sovereign issuances by Ghana and the Republic of Angola. Christopher Czarnocki advised Trafigura’s oil business Puma Energy on a $1.25bn term loan and revolving credit facility. Jason Kerr advised lenders including Standard Chartered on the $1.2bn financing of offshore wells in Nigeria. Philip Stopford is also recommended for deals in the Middle East and Africa.

Leading individuals

Christopher Czarnocki - White & Case LLP

Jason Kerr - White & Case LLP

Melissa Butler - White & Case LLP

Stuart Matty - White & Case LLP

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High yield
High yield - ranked: tier 2

White & Case LLP

White & Case LLP is growing its focus on European deals alongside its emerging markets work. Rob Matthews advised GTECH on multibillion-dollar covenant-lite issuance to fund its acquisition of International Game Technology. Paul Clews advises leading arranger banks. Other key names include the ‘top-notchJill Concannon, who acted for Cabot Credit Management on a €310m offering; and David Becker.

Leading individuals

Rob Matthews - White & Case LLP

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Islamic finance
Islamic finance - ranked: tier 2

White & Case LLP

At White & Case LLP, London-based Tom Bartlett handled a number of high-value Saudi Arabia related deals, including advising Saudi Aramco on $10bn revolving credit facilities involving two Saudi Riyal murabaha tranches. Project finance is a particular strength; Kirsti Massie acted alongside Philip Stopford for Al Nowais Investments as sponsor on a coal-fired power generation plant in Egypt.

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Securitisation
Securitisation - ranked: tier 3

White & Case LLP

White & Case LLP has a ‘broad and flexible finance practice’ that is active in CLOs and securitisation transactions across a range of asset classes including CMBS, RMBS and auto loans. Gavin McLean and Joshua Parbhu advised Goldman Sachs on the issuance of multiple CLOs by Tikehau CLO. Parbhu also acted for a European bank on four CLO redemptions.

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Trade finance
Trade finance - ranked: tier 1

White & Case LLP

White & Case LLP’s practice is headed by Christopher Czarnocki, who is ‘well versed in trade finance matters’ and advised Trafigura on a $2bn secured refined metals borrowing base facility. Jason Kerr and Tom Bartlett handled a $200m revolving reserve-based lending facility for Cheiron Finance on behalf of HSBC, International Finance Corporation and EBRD. The firm continued to develop relationships with key corporates in the market such as Puma Energy and EuroChem.

Leading individuals

Christopher Czarnocki - White & Case LLP

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London: Human resources

Employee share schemes
Employee share schemes - ranked: tier 3

White & Case LLP

Nicholas Greenacre (who is noted for his ‘good balance of deep technical knowledge and strong commercial acumen’) leads the ‘responsive and practical team’ at White & Case LLP, which recently advised Miniclip on the share scheme elements of its sale of a majority stake to Tencent Holdings.

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

White & Case LLP

White & Case LLP’s practice leverages the firm’s international presence to act on cross-border matters. The ‘outstanding’ team recently advised LINE Corporation on the employment aspects of its acquisition of the global MixRadio business of Microsoft Mobile Oy. ‘First-rate lawyerStephen Ravenscroft and Oliver Brettle jointly head the department.

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London: Projects, energy and natural resources

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

White & Case LLP

White & Case LLP often handles major international infrastructure and PPP transactions. The group is headed by the ‘extremely professionalCaroline Miller Smith, who has been advising the Republic of Slovakia on its €1.5bn PPP procurement for the development of the D4 motorway and R7 expressway in southwestern Slovakia. The team, which includes oil and gas specialist Philip Stopford, was strengthened by Caroline Sherrell’s arrival from Clifford Chance LLP. Carina Radford was promoted to partner.

Leading individuals

Philip Stopford - White & Case LLP

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Mining and minerals
Mining and minerals - ranked: tier 2

White & Case LLP

White & Case LLP’s ‘excellent’ team acts for both mining companies and lenders. Rebecca Campbell has been advising a lending consortium comprising UniCredit and Société Générale on the Ilovica gold-copper project in Macedonia. Peter Finlay has been assisting Turquoise Hill Resources as the developer with the $4.4bn project financing of the Oyu Tolgoi project. Clients recommend John Tivey, who heads the group from Hong Kong. Evgenia Laurson is now at Dentons.

Leading individuals

Rebecca Campbell - White & Case LLP

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Oil and gas
Oil and gas - ranked: tier 2

White & Case LLP

White & Case LLP’s ‘flawless’ group stands out for its ‘high degree of industry knowledge’, which covers a wide range of matters. Project financing is a core strength; practice head Jason Kerr and Carina Radford advised Saudi Aramco as co-sponsor on the development and financing of the $8bn expansion of a petrochemicals complex in Rabigh, Saudi Arabia. The ‘extraordinarily capableSaul Daniel and ‘outstandingPhilip Stopford, who heads the global oil and gas practice, advised LG Chem, United Chemical Company and SAT & Co as the sponsors in the $4bn development and financing of a petrochemical facility in Kazakhstan. The team was strengthened by Mark Clarke and Paul Griffin’s arrival from Ashurst and Allen & Overy LLP, respectively.

Leading individuals

Philip Stopford - White & Case LLP

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

White & Case LLP

The ‘exceptional’ group at White & Case LLP acts for a broad range of clients, including project developers, private equity firms, state-owned entities and financial institutions. The well-regarded Kirsti Massie, Caroline Miller Smith and Ellis Baker have been advising Star Capital Partners and Eurotunnel as the sponsors on a number of issues regarding the $500m interconnector project between France and the UK, including construction, financing and UK and EU regulations. Practice head Jason Kerr and David Baker are also recommended.

Leading individuals

David Baker - White & Case LLP

Jason Kerr - White & Case LLP

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London: Real estate

Commercial property
Commercial property: general - ranked: tier 4

White & Case LLP

Commercial property: hotels and leisure - ranked: tier 4

White & Case LLP

Commercial property: investment - ranked: tier 2

White & Case LLP

White & Case LLP’s strength on the investment side was again in evidence, with practice head James Dodsworth advising Digital Realty on numerous investments, including its global data centre acquisitions. David Cox advised Cerberus Capital Management on the purchase of Motherwell Shopping Centre. The team includes recently promoted partner Victoria Landsbert.

Leading individuals

James Dodsworth - White & Case LLP

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Construction
Construction: contentious - ranked: tier 2

White & Case LLP

Construction: non-contentious - ranked: tier 2

White & Case LLP

White & Case LLP’s international caseload continues to impress, particularly for infrastructure and energy work, with recent highlights including advising Qatar Rail on the $37bn construction of the Qatar Integrated Railway Project and acting for Egyptian Electricity Holding Company and Al Nowais Investments in connection with the construction of a 2,640MW coal-fired power generation plant in Egypt. On the disputes side, highway and airport projects have provided a strong work stream. Practice head Ellis Baker and Phillip Capper give ‘to-the-point advice’ and are well-regarded experts on FIDIC contracts.

Leading individuals

Ellis Baker - White & Case LLP

Phillip Capper - White & Case LLP

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Environment
Environment - ranked: tier 5

White & Case LLP

White & Case LLP’s practice regularly advises on environmental liabilities relating to major energy projects and is assisting Vale in connection with the development and financing of the Nacala Corridor project in Mozambique. Counsel Tallat Hussain ‘has excellent knowledge of environmental and social standards applicable to international trade and financing’.

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Property finance
Property finance - ranked: tier 5

White & Case LLP

At White & Case LLP, the ‘responsive, intelligent and hugely knowledgeableDavid Cox is ‘a force to be reckoned with in negotiations’. James Dodsworth heads the practice, in which the ‘diligent, hardworking’ Victoria Landsbert made partner in January 2016. Clients include BAWAG, Blackstone and Microsoft.

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London: TMT (technology, media and telecoms)

IT and telecoms
IT and telecoms - ranked: tier 4

White & Case LLP

Highlights for David Eisenberg’s team at White & Case LLP included advising VimpelCom on its acquisition of Wand Telecom. The firm also acted for Helios Towers Nigeria on its proposed IPO and listing on the LSE.

Leading individuals: telecoms

David Eisenberg - White & Case LLP

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London: Transport

Rail
Rail - ranked: tier 3

White & Case LLP

White & Case LLP’s ‘knowledgeable’ team continues to advise Qatar Rail on the construction of the Qatar Integrated Railway project, and is advising Vale on the development and financing of the $4.4bn Nacala Corridor project. Phillip Capper, David Eisenberg, Ellis Baker and Caroline Miller Smith are recommended.

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Further information on White & Case LLP

Please choose from this list to view details of what we say about White & Case LLP in other jurisdictions.

United Arab Emirates

Offices in Abu Dhabi and Dubai

Belgium

Offices in Brussels

China

Offices in Beijing and Shanghai

Czech Republic

Offices in Prague

Germany

Offices in Frankfurt, Hamburg, Berlin, Munich, Dusseldorf, and Bochum

Algeria

Spain

Offices in Madrid

Finland

Offices in Helsinki

France

Offices in Paris

Ghana

Hong Kong

Offices in Hong Kong

Indonesia

Offices in Jakarta

Latin America: International firms

India

Italy

Offices in Milan

Japan

Offices in Tokyo

London

Offices in London

Morocco

Mexico

Offices in Mexico City and Garcia

Philippines

Poland

Offices in Warsaw

Qatar

Offices in Doha

Russia

Offices in Moscow

South Africa

Offices in Johannesburg

Sweden

Offices in Stockholm

Singapore

Offices in Singapore

South Korea

Offices in Seoul

Slovakia

Offices in Bratislava

Saudi Arabia

Offices in Riyadh

Switzerland

Offices in Geneva

Turkey

Offices in Istanbul and Istanbul

United States

Offices in Washington DC, Miami, New York, Los Angeles, and Palo Alto

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