The Legal 500

Clifford Chance

10 UPPER BANK STREET, LONDON, E14 5JJ, ENGLAND
Tel:
Work 020 7006 1000
Fax:
Fax 020 7006 5555
DX:
149120 CANARY WHARF-3
Email:
Web:
www.cliffordchance.com

London

Top-tier recommendations

  • London: Transport > Rail

Recommendations


London: Corporate and commercial

Within Commercial contracts, tier 5

Clifford Chance’s first-rate corporate practice includes sophisticated outsourcing and general commercial agreements capability. Work examples include BPO and ITO deals for major financial institutions and acting on the commercial aspects of transactions, such as Suntory’s acquisition of the worldwide Ribena and Lucozade brands and business from GlaxoSmithKline. André Duminy is global head of outsourcing.

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Within Corporate tax, Clifford Chance is a second tier firm,

At Clifford Chance, newly appointed global head of tax Chris Davies advised Avis Budget on the establishment of a securitisation programme to finance its European car rental activities in a €1.5bn deal. The practice’s wide client base also includes many of the bulge-bracket banks as well as Royal Dutch Shell, Kraft and ITV. Dan Neidle and former practice head David Harkness are also recommended.

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Within Equity capital markets, Clifford Chance is a second tier firm,

Clifford Chance’s ‘service-oriented team' draws on ‘a high level of expertise' to ‘provide helpful guidance to good response times'. European capital markets head Adrian Cartwright is ‘very level headed, and a good negotiator'. He advised, alongside US-qualified John Connolly, the underwriters on Partnership Assurance’s £1.5bn IPO. Simon Thomas acted for Barclays in its £5.8bn rights issue and represented, alongside Iain Hunter, the joint global coordinators and co-lead managers on the £1.1bn Just Retirement Group IPO.

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Within EU and competition, Clifford Chance is a first tier firm,

With ‘a good track record in various industry sectors', Clifford Chance is a popular choice for complex investigations and merger control cases for a client base of financial institutions and household name companies. Among the team’s successes in 2013 was its representation of Booker Group in its review by the Competition Commission regarding the acquisition of Makro; clearance was obtained at both local and national level. Alastair Mordaunt and the ‘outstanding' Greg Olsen played key roles. Praise is also levelled at the ‘authoritative' and ‘insightful' Alex Nourry.

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Within Financial services, Clifford Chance is a first tier firm,

Clifford Chance is seen as a ‘very safe pair of hands' in multi-jurisdictional investigations; as well as representing Barclays in the investigation into its capital-raising activities, the team is also advising the bank on its FOREX trading activity, and represented it in the LIBOR investigation. The ‘impressive' Simon Davis was involved in all these matters for Barclays, and is a key member of the contentious team, which also includes ‘calm and knowledgeable' ex-regulator Carlos Conceicao; the ‘impressive' Roger Best; ‘outstanding' Dorian Drew; and Helen Carty, who is ‘really making a name for herself'’. On the non-contentious side, as well as receiving standalone advisory work for financial institution clients, the team also regularly advises industry bodies on high impact regulatory changes. The group also frequently provides regulatory input on M&A deals in the industry; Monica Sah advised Morgan Stanley on the sale of its EMEA ultra-high-net-worth private wealth business to Credit Suisse. Simon Crown, Simon Gleeson, Christopher Bates and Dermot Turing are also recommended.

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Within Investment funds, Clifford Chance is a second tier firm,

Clifford Chance lost three private equity partners to Latham & Watkins, including former global private equity head David Walker. Despite this it continues to act for clients such as Allianz, 3i and Equistone on a broad range of high-end matters, recently seeing an increase in mandates on the debt, co-investments and funds of one side. Practice head Nigel Hatfield and Gerard Saviola are highly regarded, and Anthony Stewart and Simon Crown are the key contacts for regulatory and tax respectively.

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Within M&A: mid-market, £50m-£250m Leading individuals: M&A (general)

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Within M&A: smaller deals, up to £50m Leading individuals: M&A (general)

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Within M&A: upper mid-market and premium deals, £250m+, Clifford Chance is a first tier firm,

Clifford Chance’s solid client base of global corporations and FTSE 100 companies turn to the corporate practice for complex transactions of strategic importance. Highlights included advising Suntory Beverage & Food on its acquisition of the Ribena and Lucozade businesses from GSK, and AZ Electronics on the £1.565bn recommended cash offer by Merck. David Pearson led the team which advised Electra on the sale of Allflex, and Tim Lewis and Mark Carroll took lead roles in advising Eurasian Resources on its £3bn ENRC takeover bid. Simon Tinkler heads the practice, which saw the promotion of Nicholas Hughes in May 2013 and the return of Guy Norman from Dubai in August 2013.

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Within Private equity: transactions, Clifford Chance is a first tier firm,

Despite suffering a number of departures in 2013 and 2014 to Latham & Watkins, including well-respected figures David Walker, Kem Ihenacho and Tom Evans, Clifford Chance is still ‘hard to beat', and many clients’ ‘first port of call for large, complex, often international transactions that require rapid execution'. Led by the ‘first-class' David Pearson, the practice advised Electra Partners on the $1.35bn sale of Allflex to BC Partners and, in another standout deal, Amy Mahon (‘good combination of legal skills and commercial nous') led on Barclays Bank’s sale of Barclays Infrastructure Management Limited to 3i Group, which involved co-ordinating across the firm’s London and Paris offices.

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Within VAT and indirect tax, Clifford Chance is a second tier firm,

Clifford Chance’s David Saleh heads the specialist indirect tax group following Etienne Wong’s departure. Work handled ranges from consultancy on legislative developments to transactional advice. Liesl Fichardt’s arrival has bolstered the team’s litigation capabilities.

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London: Crime, fraud and licensing

Within Corporate crime (including fraud, bribery and corruption), Clifford Chance is a first tier firm,

‘Top of the tree', Clifford Chance took a leading role in most of the SFO’s headline investigations, including Libor, Barclays-Qatar and Serco. Recently promoted partner Judith Seddon is ‘very highly regarded', and Roger Best is ‘a very effective team leader'. Luke Tolaini has expertise in multi-jurisdictional matters with regulatory and political dimensions.

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Within Fraud: civil, Clifford Chance is a first tier firm,

Clifford Chance’s team, led by Roger Best , has ‘strength in depth' and draws on the firm’s forensic accounting group. Its recent work includes advising Autonomy founder Mike Lynch in relation to allegations of financial impropriety and misrepresentation made by Hewlett-Packard. The ‘terrific' Stephen Surgeoner has particular experience in complex international private investigations.

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London: Dispute resolution

Within Banking litigation: investment and retail, Clifford Chance is a first tier firm,

Clifford Chance’s Ian Moulding ‘achieves exceptionally good results'. The ‘absolutely top-notch team' advised Barclays in a case brought by Guardian Care Homes Group over alleged mis-selling of derivatives and alleged LIBOR manipulation. Julian Acratopulo is ‘first-class', Roger Best ‘unfailingly gives pragmatic advice', and Helen Carty is ‘highly intelligent and has sound judgement'. Carlos Conceicao, Simon Davis, Dorian Drew, Jeremy Kosky, Roger Leese, Maxine Mossman, Kelwin Nicholls, Jeremy Sandelson and Luke Tolaini are highly rated.

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Within Commercial litigation, Clifford Chance is a first tier firm,

Clifford Chance’s ‘highly reliable, experienced practice is greatly valued’. The team advised Barclays in the case brought by Guardian Care Homes Group over alleged LIBOR manipulation. Julian Acratopulo is ‘reassuring in a crisis'; Philip Hill offers ‘practically focused legal expertise'; Roger Leese is ‘hardworking and insightful'; Maxine Mossman provides a ‘strategic approach'; and Stephen Surgeoner is ‘tactful and effective'. Other key litigators include Helen Carty, Roger Best, Simon Davis, Dorian Drew, Jeremy Kosky, Elizabeth Morony and Kelwin Nicholls. Iain Roxborough, Jeremy Sandelson, Martin Saunders and Dorian Drew are also recommended.

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Within Competition litigation, Clifford Chance is a first tier firm,

Clifford Chance’s ‘outstanding' team has been involved in key competition litigation proceedings, including damages claims relating to a carbon and graphite products cartel, where it represented Morgan Advanced Materials, and the LIBOR investigations, where it acted for a major bank. Elizabeth Morony is a well known name in this area; she is ‘extremely astute tactically' and ‘great with clients'. Luke Tolaini is also recommended; he has ‘good strategic awareness and understands client goals'.

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Within International arbitration, Clifford Chance is a second tier firm,

Clifford Chance ‘ensures that clients put their best foot forward in cases'. The team represented a consortium in a dispute concerning the interpretation and performance of a production-sharing contract. Rob Lambert ‘exhibits excellent arbitration management abilities', and Audley Sheppard, Alex Panayides and Marie Berard are highly regarded.

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Within Mediators,

The ‘absolutely superb' Tony Willis at Brick Court Chambers is ‘quite justifiably regarded as a leading commercial mediator'. He is particularly favoured for multijurisdictional disputes, and his background as a litigator and former managing partner at Clifford Chance certainly carries weight when dealing with major institutional clients.

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Within Public international law, Clifford Chance is a first tier firm,

Clifford Chance’s ‘performance is consistently brilliant'. The practice stands out for investment treaty disputes; immunity issues; international sanctions; international law issues arising from government responses to political and economic crises; and sovereign debt matters. It is also active in business and human rights advisory matters. Rae Lindsay and Audley Sheppard are recommended.

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Within Tax litigation and investigations, Clifford Chance is a second tier firm,

Clifford Chance ‘understands complex matters and deals with them efficiently and commercially', drawing on ‘know-how and broad experience'. The arrival from Berwin Leighton Paisner LLP of ‘good tactical and strategic thinker' Liesl Fichardt has ‘very considerably strengthened the team'. She continues to advise ITV in its dispute with HMRC over National Insurance Contributions.

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London: Finance

Within Acquisition finance, Clifford Chance is a first tier firm,

Clifford Chance provides a ‘responsive and high-quality service', acting for borrowers and lenders on a range of deals including complex multi-jurisdictional mandates. The ‘very skilled' Charles Cochrane acted for the lead arrangers on the €1.97bn covenant-lite senior financing for BC Partners’ acquisition of the Germany-based Springer group, a deal based on a hybrid European/US structure. In an example of the trend for US funding of European buyouts, the firm also acted for Cinven on structuring the bank and bond facilities to fund the acquisition of Germany-based CeramTec, led by Rod McGillivray. Peter Dahlen ‘understands very well how the Nordic markets work and the local legal context'. The ‘very strong team' also includes Robert Lee, Emma Folds, Karen Hodson, Michael Bates, James Johnson, Alan Inglis and Mark Campbell.

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Within Asset finance and leasing, Clifford Chance is a first tier firm,

Clifford Chance’s six-partner team excels in cross-border work across the spectrum of financing products for big-ticket assets. William Glaister advised Doric Lease Corp on its $600m EETC bond issuance to part-finance its acquisition of four A380 aircraft to be leased to Emirates. Nick Swinburne advised AWAS on its first JOL financings of three narrow-body aircraft leased to Aeroflot and Thai Airways. On the rail side, Gavin Teague advised the senior lenders on the £1.6bn financing of the procurement of new Siemens rolling stock for the Thameslink network. Other recommended partners include Robert Burley, Oliver Hipperson and Ranbir Hunjan.

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Within Bank lending: investment grade debt and syndicated loans, Clifford Chance is a first tier firm,

‘Excellent on complicated structuring', Clifford Chance has ‘a very strong practice that offers fantastic support from the lead partners'. The ‘highly experienced, articulate' Michael Bates advised HSBC as arranger on Arqiva’s €2.25bn debt refinancing, and Nicola Wherity acted for the lead arrangers on a £1.4bn post-IPO facility for Royal Mail. Also recommended are emerging markets specialist Geeta Khehar; leveraged finance lawyers Alan Inglis and Charles Cochrane; the ‘proactive, responsive' Jim MacHale; Karen Hodson; Taner Hassan; Richard Sharples; Mark Campbell; and Emma Folds, who has recently advised borrowers including Bacardi and National Grid.

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Within Commodities: derivatives, Clifford Chance is a third tier firm,

Clifford Chance stands out for its ‘strength in metals and natural resources'. Practice head Leonard Cleland advised VTB Capital on margin loan facilities in relation to the $3.6bn sale of Russia’s largest gold producer. Matthew Grigg advised Commerzbank on commodity-linked provisions in a €10m asset-backed securities programme, and negotiated swap agreements for Metinvest.

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Within Commodities: physicals Leading individuals: commodities (general)

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Within Corporate restructuring and insolvency, Clifford Chance is a first tier firm,

Praised for its ‘depth of legal expertise combined with commerciality', Clifford Chance is regularly sought out by a diverse array of stakeholders to act on complex domestic and multi-jurisdictional mandates. Iain White takes a ‘very commercial' approach, with a focus on debtor clients; in tandem with the firm’s Madrid office he recently advised Spanish gaming company Codere on its €1.1bn restructuring. Philip Hertz has also been heavily involved in the Spanish market, recently advising an ad hoc committee of existing lenders on the €3.2bn restructuring of PRISA. David Steinberg, Adrian Cohen and John MacLennan are also recommended.

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Within Debt capital markets, Clifford Chance is a first tier firm,

Simon Sinclair has taken over from Andrew Forryan as head of Clifford Chance’s ‘experienced, responsive and customer-orientated' capital markets team, which provides ‘excellent service from pre-mandate to execution', and is a leader in emerging markets debt. Sinclair advised Barclays plc as issuer on its $2bn convertible bond; Stewart Dunlop and the ‘highly recommended' Paul Deakins acted for Hellenic Telecommunications on €1.3bn in new issuance; and David Bickerton advised European Investment Bank on Watercraft Capital’s €1.4bn offering. John Connolly, whose ‘knowledge of the US and European capital markets puts him ahead of most lawyers', recently acted for the bookrunners on $5bn in issuance by Glencore Xstrata. The ‘extremely helpful' David Dunnigan, whose recent work includes a sovereign issue by Poland, has ‘excellent business acumen'. Rising star Eric Green is ‘responsive and helpful, and always provides sound advice'. The firm also acted for Gabon, Mozambique and Rwanda on sovereign debt issues.

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Within Derivatives and structured products, Clifford Chance is a second tier firm,

Clifford Chance’s Habib Motani leads a team which ‘provides excellent advice, is always available and is technically strong'. The firm is lead counsel to the Futures and Options Association, with Jeremy Walter recently providing industry-standard netting opinions for exchange-traded derivatives. Anne Drakeford advised LCH on establishing a CDS clearing platform in France; and Andrew Coats advised Deutsche Bank on hedging two longevity swap deals. Jessica Littlewood and the ‘responsive and precise' Timothy Cleary ‘have good market knowledge and understand regulatory approval processes'. Matthew Grigg is also recommended.

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Within Emerging markets, Clifford Chance is a first tier firm,

Clifford Chance ‘always provides practical, legally sound and business-friendly solutions'. Leonard Cleland’s financing team ‘inspires a high degree of trust'. The ‘practical, accessible' David Dunnigan, Stewart Dunlop and US securities expert Robert Trefny advised the lead managers on a $1.5bn bond issue by Gabon. Jeremy Connick acted on a number of innovative African projects; Geeta Khehar advised on a $190m loan in Ghana; and Karen Hodson acted for Eurasian Resources Group in relation to ENRC’s $3.45bn privatisation. Jim MacHale, Michael Bates, Mark Campbell, Charles Cochrane and Emma Folds are also recommended.

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Within High yield, Clifford Chance is a third tier firm,

Clifford Chance’s team is noted for its ‘high-quality service and deep knowledge of the market and product'. Michael Dakin and Fabio Diminich strike ‘a good balance between the technical and commercial'; ‘client service and response times are exceptional'. Diminich advised private equity sponsor Emma Delta on a €400m senior secured notes issue, while Dakin acted for Cinven on a €307m issue.

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Within Islamic finance, Clifford Chance is a first tier firm,

A cross-office team at Clifford Chance advised the lead managers, including HSBC Bank Middle East, on the Republic of Turkey’s second international sukuk issuance, a $1.25bn transaction led by global practice head Qudeer Latif from Dubai. Habib Motani is a key contact in London. Clients also include JP Morgan, the Abu Dhabi Islamic Bank and Deutsche Bank.

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Within Securitisation, Clifford Chance is a first tier firm,

Clifford Chance’s team is ‘strong technically and very commercial'. Credit card deal expert Kevin Ingram (‘an evangelist for securitisation') and associate Adam Craig ‘provide outstanding advice'. The firm has ‘the deepest bench for ABS among the Magic Circle'. Peter Voisey is ‘a safe pair of hands no matter what the deal'. Stephen Curtis advised AA Bond Co on the £2.5bn WBS of AA Group, and acted for the arrangers on a £750m issue under Arqiva’s WBS programme. Andrew Forryan provides ‘superior service that goes above and beyond the call of duty', and the ‘well-rounded, hardworking' Christopher Walsh ‘excels in finding creative solutions'; both are market leaders in CMBS. Simeon Radcliff is ‘recommended for complex multi-jurisdictional transactions'.

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Within Trade finance, Clifford Chance is a first tier firm,

Leonard Cleland’s team at Clifford Chance provides ‘excellent, timely and expert advice' and has ‘excellent industry knowledge'. Cleland and David Lewis advised VTB Capital on $3.6bn in margin loan facilities for the acquisition of a Russian gold producer; and Huw Jenkins advised Standard Chartered Bank on the provision of €20.9m in loans to Afreximbank. James Pay, commodity finance specialist Jeremy Connick and asset finance partner Nick Swinburne also stand out.

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London: Human resources

Within Employee share schemes, Clifford Chance is a first tier firm,

‘Excellent on all counts', Clifford Chance has been busy on cutting-edge mandates, such as complex hedging arrangements involving the use of derivatives, and representing companies in dispute with HMRC concerning various EBT structures. It advises RBS on the operation of share plans in 43 countries, and acts for Barclays, Accenture and Babcock International. Kevin Thompson retired, but Sonia Gilbert is ‘an absolute gem', ‘brilliantly supportive in very challenging times', and ‘a complete pleasure to work with'. Liz Pierson ‘always delivers valuable and competent advice succinctly and with complete calm'.

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Within Employment: employers and senior executives, Clifford Chance is a third tier firm,

Clifford Chance’s clients include Credit Suisse and McGraw Hill. Alistair Woodland led advice to CQS in a High Court claim brought by a former portfolio manager, in a case that settled following mediation. Department head Chris Goodwill is a ‘very effective operator'.

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Within Pensions, Clifford Chance is a third tier firm,

Clifford Chance has the ‘ability to home in on the key issues and maintain a commercial awareness'. It acted for Legal & General on three longevity deals with BAE Systems totalling £5bn, and advised the trustees of WM Morrisons’ two main UK pension schemes on a major, real-estate asset-backed funding arrangement. Both matters were led by Clare Hoxey, who is ‘exceptional for her ability to pull out key commercial points for discussion'. Hywel Robinson heads the practice.

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London: Insurance

Within Insurance litigation: for policyholders, Clifford Chance is a first tier firm,

At Clifford Chance, Philip Hill has represented policyholders in a number of high-profile coverage disputes, including product liability claims relating to oil rigs damaged during Hurricane Ike, and political risk claims emanating from events in Egypt. Stephen Surgeoner is handling claims under Mortgage Indemnity Guarantee insurance for a major financial institution. Clients include UBS, EON and Deutsche Bank.

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Within Insurance: corporate and regulatory, Clifford Chance is a first tier firm,

Clifford Chance is ‘a cut above the rest' and provides ‘excellent' advice on multi-jurisdictional transactions and regulatory matters. Global head of insurance Katherine Coates is ‘an exceptional lawyer', and ‘very responsive'. In 2013 she led advice to Legal & General on the £3.2bn insurance of longevity risk for the BAE Systems pension fund. Hilary Evenett and Narind Singh advised JLT on its acquisition of Towers Watson, and Brendan Moylan advised CVC on its acquisition of Domestic and General Group Holdings Limited. Other clients include AXA, Aspen Re and Tokio Marine.

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Within Insurance: insolvency and restructuring, Clifford Chance is a first tier firm,

Clifford Chance’s restructuring and insolvency team is co-led by Philip Hertz and David Steinberg. Hertz is currently advising Highlands Insurance Company on two schemes of arrangement for its creditors, while Steinberg is advising the directors of a London market captive insurance company on implementing a solvent liquidation. The team continues to advise on the ‘cut-off’ scheme for English & American Insurance.

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Within Professional negligence, tier 6

With ‘vast strength in depth', Clifford Chance focuses on high-value, complex and cross-jurisdictional work and is noted for its expertise in relation to accountants, lawyers and brokers negligence cases, and also its work for fund managers and trustees. Team head Philip Hill is ‘very experienced'; Stephen Surgeoner is ‘first rate'; and Roger Leese ‘combines an affable and approachable manner with a clever tactical mind'.

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London: Private client

Within Contentious trusts and probate, Clifford Chance is a second tier firm,

Clifford Chance’s team is led by the ‘first-class' Jeremy Kosky and includes the ‘incredibly bright and completely unflappable' Maxine Mossman. It is particularly noted for coordinating complex, high-value, multi-jurisdictional cases, recently representing Brian Gilbertson and Autumn Holdings Asset Inc in a major breach of fiduciary duty case and continuing to act for Nedgroup Trust in relation to a Cayman Islands derivative claim against Viktor Vekselberg.

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London: Projects, energy and natural resources

Within Infrastructure (including PFI and PPP), Clifford Chance is a first tier firm,

Clifford Chance is singled out for its ‘vast experience in the UK rail market ', recently advising the senior lenders on the £1.6bn financing of the procurement of new Siemens rolling stock for the Thameslink network. Internationally, the firm is advising on several major projects in Turkey, including construction of the Gebze-Orhangazi-Izmir Highway and Izmit Bay Crossing Bridge. Asset M&A specialist Brendan Moylan is ‘focused and effective'; Amy Mahon is ‘legal and commercial'; and Michael Bates is ‘excellent at financing'. The ‘very experienced' Gavin Teague is also recommended.

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Within Mining and minerals, Clifford Chance is a first tier firm,

Clifford Chance advised Eurasian Resources Group on its £3bn cash and share offer to acquire Eurasian Natural resources Group, and David Lewis is part of a joint London and Singapore team assisting Chinalco Mining Corporation International on its proposed bid to acquire the Glencore-owned Las Bambas copper project in Peru. Lewis and James Pay co-head the global mining group, focusing on corporate and project finance respectively.

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Within Oil and gas, Clifford Chance is a first tier firm,

According to one client, Clifford Chance is ‘the only firm with expertise across the multiple legal issues and contracts applicable to the oil and gas sector', with co-head John Wilkins and senior associate Richard Tomlinson singled out as ‘not just financing, M&A or commercial contracts specialists, but expert across the range of energy issues'. Wilkins has been advising Shell on multiple upstream and downstream issues, including its $6.7bn acquisition of a portfolio of LNG interests from Repsol, and its purchase of Neste Oil’s Polish retail filling station business. Other key individuals include co-head Steven Fox, David Lewis and Leonard Cleland. Andrew Grenville has now retired.

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Within Power (including electricity, nuclear and renewables), Clifford Chance is a first tier firm,

Clifford Chance is acting on some of Europe’s most significant nuclear projects, such as assisting EdF on its joint venture with Chinese investors to finance the Hinkley Point C station. The highly regarded John Wilkins is advising Japan Bank for International Cooperation on the development of the Az-Zour North IWPP, a combined power generation and seawater desalination station in the State of Kuwait - and the country’s first independent power project. Group head Jeremy Connick’s impressive mandates include assisting Standard Bank of South Africa on the financing of the acquisition of Abuja Electricity Distribution Company, part of the first round of Nigeria’s power sector privatisation process. Africa and M&A expert Nicholas Hughes, James Pay (notable for his renewables and gas-fired power plant expertise), and construction specialist Tim Steadman are other key contacts.

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London: Public sector

Within Administrative and public law, Clifford Chance is a third tier firm,

Clifford Chance provides ‘slick and seamless service', and currently advises Serco in connection with government reviews into its public sector outsourcing contracts. Elizabeth Morony and Luke Tolaini are key names.

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Within Public affairs, Clifford Chance is a first tier firm,

‘Class act' Clifford Chance is ‘a clear leader in the field'. The London team works with colleagues in its European offices on matters at national and EU-level. Key clients include Royal Bank of Scotland, Shell and TheCityUK. Oliver Bretz is ‘excellent', and senior associate Alan Mak has ‘a highly commercial, pragmatic approach'; he ‘provides clients with an unrivalled mixture of legal expertise and political and regulatory knowledge'.

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London: Real estate

Within Commercial property, Clifford Chance is a first tier firm,

With its focus on high-end, complex work, Clifford Chance wins praise for ‘the broad range of services on offer'. The team advised on the £1bn extension of the Northern Line to Battersea Power Station, and acted for HongKong and Shanghai Hotels on the acquisition of 1-5 Grosvenor Place. Mark Payne is ‘excellent'; Tony Briam is ‘outstanding'; and Emma Matebalavu has ‘tremendous market knowledge and expertise'. The team is ‘always available even when working on other transactions'.

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Within Construction, Clifford Chance is a second tier firm,

Clifford Chance is ‘truly excellent' and ‘has the resources to be able to manage work at short notice'. The non-contentious team is led Tim Steadman, who has ‘an outstanding reputation', and David Metzger, who ‘combines strong intellect with commercial and workable outcomes'. Alex Panayides leads the contentious and international arbitration practice. The firm continues to advise Battersea Project Land Company in relation to the high-profile Battersea Power Station project, and is also acting for a group of nine Turkish lenders on the Gebze-Orhangazi-Izmir Highway and Izmit Bay Crossing Bridge project. Marianne Toghill is also recommended. Tracy London joined Bracewell & Giuliani (UK) LLP in November 2013.

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Within Environment, Clifford Chance is a second tier firm,

Clifford Chance’s ‘highly regarded' environmental team has experience spanning disputes, European and other international regulatory matters, energy and infrastructure projects and transactions, and climate change and emissions trading. It continues to advise Horizon Nuclear Power on the environmental consenting for the development of nuclear power facilities in the UK. Nigel Howorth heads the team.

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Within Planning, Clifford Chance is a third tier firm,

Clifford Chance has a longstanding reputation for work on complex development projects and regeneration schemes, and has extensive energy and infrastructure sector experience. It continued to advise Helical Bar on the development of Barts Square, a new mixed-use quarter in the City of London. Nigel Howorth is recommended.

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Within Property finance, Clifford Chance is a first tier firm,

‘Industry leading and confidence inspiring', Clifford Chance is ‘streets ahead'. The firm advised GE Capital Real Estate on the acquisition of a portfolio of commercial property loans originated by Deutsche Postbank, valued at £1.4bn. Andrew Carnegie, Damian Perry and Alistair McGillivray are recommended; ‘complex legal matters do not faze them, and they provide practical advice along with the legal analysis'.

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Within Property litigation, tier 4

Clifford Chance’s clients include Canary Wharf, Park Garage Group and Gazeley Metlife (Holdings). Senior associate Benjamin Hatton is recommended.

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Within Social housing: finance, Clifford Chance is a second tier firm,

Clifford Chance ‘does social housing really well'. Practice head Despina Pantelia and Ruby Giblin recently advised L&G, a non-bank lender entering the social housing market. Angela Shepherd advised Barclays Bank/European Investment Bank as funders of Triathlon Homes in relation to the former Athletes Village at the Olympic Park in London.

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London: TMT (technology, media and telecoms)

Within Intellectual property, tier 5

Clifford Chance’s Vanessa Marsland handles transactional support and licensing, protection and enforcement work. Recent work includes advising Suntory on its £1.4bn acquisition of the Ribena and Lucozade brands, and acting for Fruit of the Loom in trade mark opposition proceedings.

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Within IT and telecoms, Clifford Chance is a third tier firm,

Clifford Chance has particular expertise and capabilities in cross-border regulatory and transactional telecoms matters, with recent highlights including various M&A and outsourcing deals in Africa. It also advised on competition law investigations, and assisted VimpelCom in the restructuring of international networking arrangements. Other clients include TalkTalk, Etisalat and Deutsche Telekom. Lead lawyers include global telecoms head Joachim Fleury, regulatory partner Jenine Hulsmann, and technology and outsourcing lawyer André Duminy.

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Within Media and entertainment, tier 5

At Clifford Chance, M&A partner Daniel Sandelson focuses on media and telecoms asset acquisitions and disposals, with a specialism in cross-border deals, including those involving emerging markets.

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London: Transport

Within Rail, Clifford Chance is a first tier firm,

With a client base spanning financial institutions, developers, rail infrastructure owners and operators, rail service providers, project sponsors and leasing companies, Clifford Chance ‘consistently delivers an outstanding performance' on rail matters. It advised the senior lenders on the £1.6bn financing of the procurement of new Siemens rolling stock for the Thameslink network, and acted for RBS on the €640m sale of its European Rail Leasing Business to Alpha Trains. The ‘brilliant' and ‘commercially astute' Gavin Teague heads the team, and Alex Nourry is also recommended.

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Further information on Clifford Chance

Please choose from this list to view details of what we say about Clifford Chance in other jurisdictions.

United Arab Emirates

Offices in Abu Dhabi and Dubai

Australia

Offices in Sydney and Perth

Belgium

Offices in Brussels

China

Offices in Shanghai and Beijing

Czech Republic

Offices in Prague

Germany

Offices in Dusseldorf, Frankfurt, and Munich

Algeria

Spain

Offices in Madrid and Barcelona

France

Offices in Paris

Hong Kong

Offices in Hong Kong

Indonesia

Latin America: International firms

India

Italy

Offices in Rome and Milan

Japan

Offices in Tokyo

London

Offices in London E14 and London EC2R

Luxembourg

Offices in Luxembourg

Morocco

Offices in Casablanca

Netherlands

Offices in Amsterdam

Philippines

Poland

Offices in Warsaw

Qatar

Offices in Doha

Romania

Offices in Bucharest

Russia

Offices in Moscow

Singapore

Offices in Singapore

South Korea

Thailand

Offices in Bangkok

Tunisia

Turkey

Offices in Istanbul

Ukraine

Offices in Kiev

United States

Offices in Washington DC, New York, and Menlo Park

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  • Finding the 
right words

    In the recent case of Newbury v Sun Microsystems [2013], the defendant argued that an offer to settle proceedings was ‘in principle' only and that a binding contract could not be formed until further terms had been agreed and a formal contract had been signed. It supported this argument by referring to a statement, in the offer letter, that the settlement was to be ‘recorded in a suitably worded agreement'. 

  • Behind the corporate veil: is that all there is?

    That companies have an existence entirely separate to that of their shareholders and directors is a foundational principle of English law and commerce.

  • Playing fair with penalty clauses

    It is often difficult to predict what will be recoverable as damages for breach of contract. To provide some certainty, parties will often seek to agree the sum that will be payable in the event of specified breaches. 

  • Restoring environmental damage: putting a price on ecosystem services

    On 7 August 2009 a 40-inch pipeline ruptured, spilling 5,400 cubic metres of crude oil into the soil and groundwater of La Crau nature reserve in southern France, a habitat protected under French and European law. The operator had to excavate and replace 60,000 tons of soil, install 70 wells to pump and treat groundwater and 25 pumps to skim oil from surface water, at a cost in the region of €50m. However, this was just the primary remediation (that is, restoring the site to the state it would have been if the damage had not occurred). The operator was also required to compensate for the damage to the habitats and the loss of the ecosystem services that would otherwise have been provided by La Crau nature reserve. Measures included purchasing land outside of the nature reserve and contributing to its management for a period of 30 years (over €1m), monitoring the water table for 20 years (over €500,000), monitoring fauna over three years (€150,000) and rehabilitation in accordance with best available ecological techniques (nearly €2m). Overall, the compensatory restoration (to compensate for the amount of time that the ecosystem was impacted) and complimentary restoration (to compensate for elements of the ecosystem that had been permanently lost) came to more than €6.5m. 

  • The role of arbitrators in EU antitrust law

    In May 2014, it will be ten years since Regulation No 1/2003 entered into force. When the legislator of the European Union adopted this Regulation on 16 December 2002, its main objective was to decentralise the enforcement of the two main provisions of EU antitrust law, Articles 81 and 82 of the Treaty establishing the European Community (now Articles 101 and 102 of the Treaty on the Functioning of the European Union (TFEU)). Where do the arbitrators fit in this picture?

  • New Immigration Bill, October 2013: cause for concern or appeasing public sentiment?

    The year 2013 has seen a string of reforms to the immigration system by the current coalition government. On 10 October, the government published a Bill aimed at continuing its drive to reduce net migration figures. 

  • New Schengen EU Regulations: impact on short-stay visa visitors

    The publication on 26 June 2013 of the European Union Regulation EU 610/2013 modified the incumbent Regulation EU 562/2006 in relation to third country nationals (ie non-EU citizens) and those travelling on a short-stay visitor visa, as well as those who do not require a visa to enter the Schengen area, Romania, Croatia and Bulgaria. Exceptions include EU and EEA nationals travelling to other EU/EEA states within the Schengen area together with foreign nationals holding either long-stay or residence permits for their destination Schengen countries.

  • New revised guidelines for administrators in pre-pack sales

    Pre-pack sales by administrators are now used frequently enough for most people in business to be aware of them and many have come across them in their business lives. A small amount of controversy still attaches to pre-packs, but it is probably right to say that they are now an accepted part of the UK business scene as a useful means of rescuing a business in difficulty and preserving some or all of the jobs connected with the business.
    - Druces