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Torys LLP

79 WELLINGTON STREET WEST, SUITE 3000, BOX 270, TD CENTRE, TORONTO, ONTARIO, CANADA
Tel:
Work +416 865 0040
Fax:
Fax +416 865 7380
Email:
Web:
www.torys.com
Calgary, Montreal, New York, Toronto

Canada

Aboriginal law
Aboriginal law - ranked: tier 4

Torys LLP

Torys LLP’s Toronto-based Aboriginal law practice is led jointly by public law litigator John Terry and power specialist Valerie Helbronner. The group also draws upon the expertise of senior counsel Frank Iacobucci, formerly a justice of the Supreme Court, who continues to act as the lead negotiator representing the government of Ontario in discussions with the Chiefs of the Matawa Tribal Council on the Ring of Fire project.

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Banking and finance
Banking and finance - ranked: tier 2

Torys LLP

Torys LLP‚Äôs banking practice is highly regarded for its specialist skill set in several key transactional areas, with debt finance, energy and cross-border work all notable sweet spots. Sources also rank the group as ‚Äėtop tier for regulatory matters‚Äô. In Calgary, Kevin Fougere¬†had a banner year, which included advising¬†RBC, as agent, and a 24-bank lending syndicate on C$5.5bn of senior secured credit facilities to Kinder Morgan Canada to support the expansion of the Trans Mountain Pipeline system. In Toronto, department co-lead Adam Delean¬†acted for RBC and Scotiabank, as the lead arrangers, and a syndicate of lenders on the financing of Brookfield Business Partners‚Äô C$540m acquisition of Loblaw Companies‚Äô gas station operations across Canada. In a high-profile borrower-side deal, Toronto‚Äôs Amanda Balasubramanian¬†advised Home Capital on an emergency C$2bn liquidity facility provided by HOOPP, and also on the subsequent C$2bn loan facility provided by Berskhire Hathaway as a replacement for HOOPP‚Äôs facility. The team also draws upon the senior experience of practice co-lead Jonathan Weisz, ‚Äėtremendous‚Äô¬†project finance specialist Scott Kraag¬†and corporate finance expert Tom Zverina¬†‚ÄĒ all are based in Toronto. On the regulatory side, Toronto‚Äôs¬†Blair Keefe¬†is highlighted by many as ‚Äėthe best regulatory lawyer in Canada‚Äô.

Leading individuals

Adam Delean - Torys LLP

Blair Keefe - Torys LLP

Jonathan Weisz - Torys LLP

Kevin Fougere - Torys LLP

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Capital markets
Capital markets - ranked: tier 1

Torys LLP

A ‚Äėfirst port of call for a capital markets deal‚Äô, Torys LLP‚Äôs ‚Äėexcellent responsiveness and strength-in-depth‚Äô¬†mark it as a ‚Äėleader in the area‚Äô. Highlights included Toronto-based department co-lead David Seville¬†‚ÄĒ ‚Äėinvariably calm and extremely pragmatic‚Äô¬†‚ÄĒ advising Manulife on a series of debt offerings, including a US public offering of $750m of notes. Also in Toronto, ‚Äėvery strong‚Äô¬†group co-lead Rima Ramchandani¬†acted as underwriters‚Äô counsel in Dream Global REIT‚Äôs C$300m offering of trust units. IPO highlights included Toronto‚Äôs Michael Amm¬†advising the underwriters on¬†Stelco Holdings‚Äô C$230m IPO, and the ‚Äėresponsive, practical and business-savvy‚Äô¬†Kevin Morris¬†assisted Roots with its C$200m IPO. Toronto-based Glen Johnson¬†‚ÄĒ who advised Ontario Power Generation on a C$500m medium term notes offering ‚ÄĒ and Calgary-based group co-head Scott Cochlan¬†are prominent figures in the market.

Leading individuals

Glen Johnson - Torys LLP

Scott Cochlan - Torys LLP

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Competition and antitrust
Competition and antitrust - ranked: tier 2

Torys LLP

Torys LLP¬†climbs a tier on the back of excellent feedback, with sources commending its ‚Äėhighly sophisticated and knowledgeable lawyers‚Äô¬†and ‚Äėgreat connections to high-ranking government officials‚Äô. On the transactional front, practice co-chair¬†Omar Wakil¬†(‚Äėamong the best in the business‚Äô) advised Husky Injection Molding Systems, Berkshire Partners and OMERS Private Equity on the $3.8bn sale of Husky to Platinum Equity. Elsewhere, group co-chair Dany Assaf¬†(‚Äėalways on point and extremely responsive‚Äô) acted as Canadian counsel to Thomson Reuters on the $17bn sale of its financial and risk business to Blackstone. On the contentious side, competition litigation head Linda Plumpton¬†(‚Äėa very fine litigator who just keeps getting better‚Äô) is representing Air Canada in proposed class actions concerning allegations of anti-competitive conduct in the supply of tickets for air travel between the US and Canada. All named lawyers are based in Toronto.

Leading individuals

Linda Plumpton - Torys LLP

Omar Wakil - Torys LLP

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Corporate and M&A
Corporate and M&A - ranked: tier 1

Torys LLP

'Better than most‚Äô, Torys LLP¬†strikes the right note with its 'consistent team-based approach‚Äô. Sources also draw attention to its 'deep and experienced bench‚Äô, which comprises 'excellent lawyers with a strong service mentality‚Äô. Largely driven out of Toronto (it also draws on experienced partners in Calgary and New York), the group is well known for its close relationships with key institutional clients such as major Canadian¬†pension funds. Sector specialist Matthew Cockburn¬†is highly sought after for M&A and private equity and recently acted with Guy Berman¬†to advise longstanding client CPPIB, as part of a consortium including Energy Capital Partners and Access Industries, on the $5.6bn acquisition of Calpine Corporation. John Emanoilidis¬†has 'excellent business acumen‚Äô¬†and acted for Husky Injection Molding Systems, Berkshire Partners and OMERS Private Equity in connection with OMERS Private Equity‚Äôs and Berkshire Partners‚Äô $3.85m sale of Husky IMS International to funds managed by Platinum Equity.¬†Emanoilidis also acted as Canadian counsel to CIBC on its $5bn acquisition of Chicago-based¬†PrivateBancorp. Cornell Wright, who leads the practice alongside Emanoilidis, is a 'superb M&A lawyer, who is very good at anticipating issues‚Äô; he advised Thomson Reuters on its landmark strategic partnership with Blackstone, which involved the sale of a 55% stake in its financial and risks business to private equity funds managed by Blackstone. The group also benefits from the senior experience of New York office head Karrin Powys-Lybbe¬†‚ÄĒ 'razor-smart and an effective and creative problem-solver‚Äô¬†‚ÄĒ who advised¬†Scientific Games on its C$775m acquisition of NYX Gaming Group, a Guernsey-incorporated company headquartered in Las Vegas and listed on the TSX Venture Exchange. In Toronto, Kevin Morris¬†and David Chaikof¬†are also key contacts, while transactional energy specialist Derek Flaman¬†is recommended in Calgary.

Leading individuals

John Emanoilidis - Torys LLP

Matthew Cockburn - Torys LLP

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Dispute resolution
Dispute resolution: Ontario - ranked: tier 1

Torys LLP

Dispute resolution: Quebec - ranked: tier 4

Torys LLP

A ‚Äėleader in Ontario‚Äô, Torys LLP¬†also houses an increasingly prominent Quebec practice. The firm‚Äôs ‚Äėextremely capable and deep litigation group‚Äô¬†is a popular choice for large and complex matters, particularly class proceedings and multi-jurisdictional cases, and it packs a punch in all the key areas of litigation. In Toronto, heavy-hitter Sheila Block¬†is ‚Äėseemingly indefatigable and still among Canada‚Äôs finest litigators‚Äô; she teamed up with James Tory, Andrew Gray¬†and ‚Äėfantastic lawyer‚Äô¬†Crawford Smith¬†to defend CIBC in a securities class action alleging that the bank did not properly disclose its exposure to the US residential mortgage market ‚Äéduring the credit crisis. In a set of high-profile cases, the firm is representing three hockey leagues in three class actions regarding the employment status of current and former major junior hockey players ‚ÄĒ Toronto-based seasoned litigator Patricia Jackson, the ‚Äėrazor-sharp and impressive‚Äô¬†Sylvie Rodrigue Ad E¬†in Montreal and Toronto partners Lisa Talbot¬†and Smith lead that work. Linda Plumpton¬†‚ÄĒ ‚Äėvery bright and able to work through very complex issues‚Äô¬†‚ÄĒ is also recommended in Toronto. The Montreal team was recently boosted by the arrival of Christopher Richter¬†from Woods LLP.

Leading individuals

Christopher Richter - Torys LLP

Linda Plumpton - Torys LLP

Patricia Jackson - Torys LLP

Sheila Block - Torys LLP

Next generation lawyers

Crawford Smith - Torys LLP

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Environment
Environment - ranked: tier 2

Torys LLP

‚ÄėResponsive and highly commercial‚Äô, Torys LLP‚Äôs Toronto-based¬†environmental law group distinguishes itself through its broad industry focus, with recent strong showings in the energy and natural resources, infrastructure, transport and real estate sectors. The team is also well known for its strong combination of transactional and litigation expertise, ensuring that it lands plum roles in a diverse spread of project development, environmental due diligence and high-stakes contentious matters. In addition, it houses a robust climate change practice. Dennis Mahony¬†heads the team and represented a string of clients in highly contested cases over the past year. Highlighted as a ‚Äėquiet leader‚Äô, Michael Fortier¬†is a ‚Äėreal asset to the bar‚Äô¬†and advised a major power company on permitting matters. Representative clients include¬†Canadian National Railway, Canadian Tire and Union Gas.

Leading individuals

Dennis Mahony - Torys LLP

Next generation lawyers

Michael Fortier - Torys LLP

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Infrastructure and projects
Infrastructure and projects - ranked: tier 2

Torys LLP

Torys LLP¬†impresses with its ‚Äėclear and strategic advice‚Äô and its ‚Äėrobust private and public sector expertise‚Äô. Led from Toronto by the ‚Äėvery knowledgeable‚Äô Mark Bain, the projects practice benefits from a New York platform and an active presence in the US P3 market. Public sector highlights included Bain advising the Government of the Northwest Territories on the Tlicho All-Season Road PPP. Bain and Daniel Ford¬†also advised the Government of Newfoundland and Labrador and Western Regional Health Authority on the Corner Brook Long Term Care¬†project.¬†On the financing front, Ford represented RBC Capital Markets, as the financial adviser, and CIBC World Markets and RBC Dominion Securities, as the underwriters, on the Fort McMurray West 500 kV Transmission project. Tara Mackay, who is based between New York and Toronto, and ‚Äėexcellent associate‚Äô Josh Van Deurzen¬†are also noted.

Leading individuals

Daniel Ford - Torys LLP

Mark Bain - Torys LLP

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Insurance
Insurance - ranked: tier 1

Torys LLP

Torys LLP‚Äôs group, which is lauded by satisfied clients as ‚Äėthe cream of the crop for insurance regulation‚Äô, demonstrates ‚Äėextraordinarily deep knowledge and expertise‚Äô. In particular, ‚Äėwell-informed and pragmatic‚Äô financial institutions co-chair Blair Keefe¬†‚Äėis the man on Bay Street for financial services regulatory advice‚Äô, according to some. Keefe, alongside litigator John Terry, recently advised Canadian Life and Health Insurance Association on whether certain portions of Bill S-201, which prohibits genetic discrimination, would (if enacted) be valid federal legislation under the federal-provincial division of powers. Elsewhere, David Outerbridge¬†successfully defended Manulife in an Ontario class action brought by Manulife‚Äôs former Barbados policyholders concerning benefits related to Manulife‚Äôs demutualization. On the corporate front, Ricco Bhasin¬†advised¬†Scotiabank on the C$238m sale of HollisWealth to Industrial Alliance Securities. Jill McCutcheon, who co-leads the practice, and capital markets specialist¬†David Seville¬†are also highly regarded.

Leading individuals

Blair Keefe - Torys LLP

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Intellectual property
Intellectual property - ranked: tier 3

Torys LLP

Torys LLP’s comprehensive practice benefits from senior firepower in all the key areas of IP law, with IP litigation standing out as a notable sweet spot. In a recent example, Andrew Bernstein successfully represented Resource Well Completion Technologies in a patent infringement proceeding brought by Packers Plus Energy Services. Bernstein also, together with Andrew Shaughnessy, represented Bell, Rogers and Telus in defending a patent infringement claim relating to cellular phone technology. On the non-contentious front, IP chair Eileen McMahon provides ongoing advice to CONMED on Canadian patent and trademark strategy and prosecution matters. Counsel Michelle Nelles is also noted for her specialist focus on trademark law.

Leading individuals

Andrew Bernstein - Torys LLP

Andrew Shaughnessy - Torys LLP

Eileen McMahon - Torys LLP

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International expertise
International expertise - ranked: tier 3

Torys LLP

Cross-border work is a strong suit at Torys LLP, which has robust experience in both outbound and inbound matters. The firm particularly shines in US-related deals, with its New York office providing capable support in corporate finance, M&A, infrastructure, restructuring and tax matters. New York- and Ontario-qualified Tara Mackay, who splits her time between New York and Toronto, is highly regarded for her expertise in the burgeoning US P3 market. New York managing partner Karrin Powys-Lybbe, who specializes in corporate finance, is known for her close links to the Brookfield group of companies.

Leading individuals

Karrin Powys-Lybbe - Torys LLP

Tara Mackay - Torys LLP

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International trade
International trade - ranked: tier 4

Torys LLP

Torys LLP¬†advises on a steady stream of trade-related disputes and it also handles trade compliance and policy matters. John Terry, whose practice is ‚Äėgrounded in practical common-sense approaches to difficult issues‚Äô, represented Canada‚Äôs Infinito Gold in its ICSID arbitral claim against the Republic of Costa Rica, under the Canada-Costa Rica Bilateral Investment Treaty.

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Labour and employment
Labour and employment - ranked: tier 4

Torys LLP

The ‚Äėstrategic, practical and expert‚Äô group at Torys LLP¬†comprises ‚Äėtruly excellent litigators‚Äô, say sources. Names to note in the largely Toronto-based team include Lisa Talbot, regarded as a safe pair of hands for the ‚Äėmost complex and significant employment litigation‚Äô. Talbot is leading the department‚Äôs advice to various Canadian hockey leagues and their respective teams in class actions concerning the status of major junior hockey players with regards to minimum wage laws. Mitch Frazer¬†chairs the practice.

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Pensions
Pensions - ranked: tier 2

Torys LLP

Torys LLP‚Äôs¬†‚Äėresponsive and solution-oriented‚Äô pensions practice sets itself apart through its ‚Äėdeep industry knowledge‚Äô and its ‚Äėstrong experience in the pensions investment space‚Äô. Indeed, the consensus is that few teams come close in the investment area, with the Toronto-based group best known for its close relationships with major Canadian funds. Department chair Mitch Frazer¬†has a strong market profile and advised Navistar Canada in partial wind-up proceedings. In another highlight, Susan Nickerson¬†advised Scotiabank on the compensation aspects of its acquisition of Jarislowsky Fraser. Counsel Scott Bell¬†is also recommended.

Leading individuals

Mitch Frazer - Torys LLP

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Real estate
Real estate - ranked: tier 2

Torys LLP

Torys LLP’s real estate practice, which strikes a good balance between public and private sector work, is well versed in the full spread of property development, investment, finance and acquisition and sales. Group head David Dell, who is widely recognized as a market leader, recently acted on a significant redevelopment project. On the investor side Graham Rawlinson, together with REITs lead Simon Knowling, advised a private investor and a private REIT on the C$418m sale of a portfolio of five senior housing facilities in Alberta. Sabrina Gherbaz, who recently advised Village Farms on a joint venture for large-scale cannabis production, and Rose Bailey are also key figures in the team.

Leading individuals

David Dell - Torys LLP

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Restructuring and insolvency
Restructuring and insolvency - ranked: tier 2

Torys LLP

Torys LLP‚Äôs practice, which comprises ‚Äėresponsive team players‚Äô, provides ‚Äėsolid and practical advice‚Äô. Group head Tony Demarinis¬†has ‚Äėsuper technical skills‚Äô and has been acting with Scott Bomhof¬†and Adam Slavens¬†to advise Nortel‚Äôs US group of companies ‚ÄĒ as co-counsel alongside US counterpart Cleary Gottlieb Steen & Hamilton LLP¬†‚ÄĒ in Nortel‚Äôs protracted cross-border restructuring. David Bish, who ‚Äėbrings creative and practical solutions to complex issues‚Äô, advised Home Capital Group in successfully navigating a liquidity crisis, which included the arrangement of an¬†emergency C$2bn loan facility with HOOPP, among other aspects. Bish was also instructed by¬†Cadillac Fairview,¬†one of the largest owners, operators and developers of real estate in North America, on several retail insolvencies over the past year, including Express Fashion, Payless Shoe Source and Toys ‚ÄúR‚ÄĚ Us.

Leading individuals

Tony Demarinis - Torys LLP

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Tax
Tax - ranked: tier 3

Torys LLP

‚ÄėPractical and problem-solving‚Äô, Torys LLP‚Äôs Toronto-based tax group is a popular choice for complex transactional matters ‚ÄĒ it also has significant litigation expertise. Group head Corrado Cardarelli¬†(‚Äėvery experienced, detail-oriented and practical‚Äô) advised Brookfield Property Partners on the C$500m privatization of Brookfield Canada Office Properties REIT. Jerald Wortsman¬†(‚Äėvery creative and experienced‚Äô) advised Scotiabank on a $1.2bn notes offering. The group also includes senior specialist John Tobim¬†and counsel Gwen Watson¬†(‚Äėquickly identifies risks and triages them accordingly‚Äô).

Leading individuals

Corrado Cardarelli - Torys LLP

Jerald Wortsman - Torys LLP

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Technology
Technology - ranked: tier 3

Torys LLP

The ‚Äėexemplary‚Äô team at Torys LLP¬†finds favour for its ‚Äėfast responsive times‚Äô, ‚Äėclear and concise guidance‚Äô and ‚Äėvery high level of expertise‚Äô. Technology outsourcing is a strong suit and the group also handles licensing, privacy and transactional matters. Among its highlights, Joel Ramsey¬†advised a consortium of regions and municipalities in southwestern Ontario in a project to bring high-speed network connectivity throughout the region. Adam Armstrong, who ‚Äėprovides practical solutions and is able to work with opposing counsel in a very collegial manner‚Äô, heads the department.

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Canada: Energy and natural resources

Energy and natural resources: mining
Energy and natural resources: mining - ranked: tier 3

Torys LLP

The ‚Äėtop-notch team‚Äô¬†at Torys LLP¬†is led jointly by ‚Äėvery talented lawyers‚Äô¬†Michael Amm¬†and Michael Pickersgill¬†‚ÄĒ both are based in Toronto. The group is particularly strong on the finance side and recent highlights include Amm advising the underwriters on Stelco Holdings‚Äô C$230m IPO. Other representative clients include¬†ArcelorMittal, Franco-Nevada and Orion Mine Finance.

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Energy and natural resources: oil and gas
Energy and natural resources: oil and gas - ranked: tier 2

Torys LLP

Torys LLP‚Äôs group, which is best known for its transactional strength, provides ‚Äėintegrated legal and commercial support that demonstrates it cares about business outcomes‚Äô. Indeed,¬†satisfied clients state, ‚ÄėI can‚Äôt say enough positive things about this team‚Äô. Group head Derek Flaman¬†is ‚Äėextremely¬†experienced‚Äô¬†and advised Husky Oil China on the development of¬†the Liuhua 29-1 field in offshore China. Chris Christopher,¬†who ‚Äėprovides¬†solution-oriented and spot-on advice‚Äô, is advising KUFPEC Canada on its arrangements with Pembina Pipeline concerning its infrastructure development and service agreements with Pembina and Keyera Corporation. Stephanie Stimpson, who has ‚Äėstrong international transactional experience and corporate governance knowledge‚Äô, advised¬†Vermilion Energy on its C$1.4bn acquisition of Spartan Energy. Energy expert¬†Ron Deyholos,¬†the ‚Äėvery diligent‚Äô¬†David Cuschieri¬†and ‚Äėthoughtful and thorough‚Äô¬†senior associate Peter Danner¬†are also noted.

Leading individuals

Chris Christopher - Torys LLP

Derek Flaman - Torys LLP

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Energy and natural resources: power
Energy and natural resources: power - ranked: tier 1

Torys LLP

A ‚Äėstandout performer‚Äô, Torys LLP¬†impresses with its ‚Äėgreat understanding of business needs‚Äô¬†coupled with its ability to ‚Äėleverage its commercial awareness to provide strategic business advice‚Äô. Balanced between regulatory and transactional expertise, the group¬†is regarded as ‚Äėa top firm for energy law in Toronto‚Äô¬†‚ÄĒ it is also ‚Äėvery strong in Alberta‚Äô. The ‚Äėstrategic and knowledgeable‚Äô¬†Krista Hill¬†jointly heads the team and is advising Ontario Power Generation (OPG) in relation to the Ontario Fair Hydro Plan Act, which gives OPG the authority to establish financing entities to raise debt to finance rate reductions, worth around C$1bn-C$2bn annually. Regulatory stalwart Charles Keizer¬†jointly heads the department and, together with Crawford Smith, advised Alectra on its first post‚Äďmerger rate application and request for incremental capital funding before the Ontario Energy Board (OEB). On the projects front, Keizer and the ‚Äėsmart, practical and extremely responsive‚Äô¬†Valerie Helbronner¬†are advising¬†Wataynikaneyap Power on the C$1.4bn development and financing of a high-voltage transmission line in northwestern Ontario. In Calgary, Luigi Cusano¬†is a key contact and advises city-owned utility ENMAX on regulatory matters. Project finance head Jonathan Weisz¬†is ‚Äėextremely good in his field‚Äô. Named partners are based in Toronto unless otherwise stated.

Leading individuals

Charles Keizer - Torys LLP

Jonathan Weisz - Torys LLP

Krista Hill - Torys LLP

Valerie Helbronner - Torys LLP

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