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Allen & Overy LLP

ONE BISHOPS SQUARE, LONDON, E1 6AD, ENGLAND
Tel:
Work 020 3088 0000
Fax:
Fax 020 3088 0088
Email:
Web:
www.allenovery.com
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Top-tier Firm rankings

Firm Rankings


London: Corporate and commercial

Commercial contracts
Commercial contracts - ranked: tier 2

Allen & Overy LLP

In an illustration of Allen & Overy LLP’s ability to leverage cross-disciplinary expertise to handle high-end projects, Jim Ford acted for The Yokohama Rubber Company on the negotiation of a five-year, $300m sponsorship agreement with Chelsea Football Club. Other clients of Jane Finlayson-Brown’s highly rated team include Novartis, Amazon and Virgin Group. Nigel Parker made partner in 2015.

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Corporate tax
Corporate tax - ranked: tier 2

Allen & Overy LLP

The ‘excellent’ Vimal Tilakapala heads Allen & Overy LLP’s five-partner team, which experienced an increase in deal flow and expansion at associate level in 2015. Lydia Challen advised a group of banks, including Bank of America and Credit Suisse, on the financing of Cerberus Capital Management’s acquisition of approximately $20bn in loans previously held by Northern Rock from the UK government. In another highlight, Christopher Harrison assisted HSBC with the tax implications of the separation of its retail and investment banking businesses. VimpelCom and Coca-Cola Iberian Partners are also clients.

Leading individuals

Christopher Harrison - Allen & Overy LLP

Mark Middleditch - Allen & Overy LLP

Vimal Tilakapala - Allen & Overy LLP

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EU and competition
EU and competition - ranked: tier 2

Allen & Overy LLP

Allen & Overy LLP’s ‘practical’, ‘top-notch’ team counts Lloyds Banking Group, Tullet Prebon and 21st Century Fox among its clients. Jonathan Hitchin and Philip Mansfield, who is described by one client as ‘an absolute rockstar in the competition field’, acted for Hitachi in an EC investigation into cartel conduct in the automotive parts sector. Mark Friend and Antonio Bavasso head the practice, which includes ‘smart and effective’ senior associate Dominic Long, as well as Alasdair Balfour and counsel Thomas Masterman, who have ‘in-depth knowledge’.

Leading individuals

Mark Friend - Allen & Overy LLP

Philip Mansfield - Allen & Overy LLP

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Equity capital markets
Equity capital markets - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP’s ‘extremely responsive team’ has handled a high volume of issuer and bank-side IPO mandates. Highlights for David Broadley and newly promoted US-qualified partner Jeff Hendrickson included advising Worldpay on its dual-track £2.48bn IPO, the largest ever in the UK Fintech arena, while James Roe acted alongside Adam Wells for the underwriters on Softcat’s £153m IPO. Michael Bloch was promoted to counsel.

Leading individuals

Adam Wells - Allen & Overy LLP

David Broadley - Allen & Overy LLP

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Financial services
Financial services (contentious) - ranked: tier 1

Allen & Overy LLP

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

Allen & Overy LLP

Allen & Overy LLP’s ability to deliver ‘outstanding regulatory and contentious expertise’ makes it a natural choice for high-stakes internal investigations and enforcement proceedings. Calum Burnett has ‘a unique insight into the external regulatory and internal control environment within which his clients operate’. The ‘supremely bright’ Arnondo Chakrabarti ‘understands the market and products’ and is ‘an excellent choice for internal investigations/enforcement actions focused on financial crime’. On the non-contentious front, the team is now headed by Etay Katz and Damian Corolan, following Bob Penn’s recent move to Cleary Gottlieb Steen & Hamilton LLP. Katz has provided regulatory advice on numerous transactions in the financial services sector, including advising Banco Sabadell on its £1.7bn public takeover of TSB Bank.

Leading individuals

Calum Burnett - Allen & Overy LLP

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Investment funds
Investment funds: Hedge funds - ranked: tier 4

Allen & Overy LLP

Listed funds - ranked: tier 3

Allen & Overy LLP

Private funds - ranked: tier 3

Allen & Overy LLP

Allen & Overy LLP is particularly strong in closed-ended fund structures involving real estate, infrastructure and debt strategies. Its real estate funds client roster includes TH Real Estate, JPMorgan, Hines and Aviva Investors. Elsewhere, the firm undertakes a steady stream of hedge fund and listed fund mandates. Matt Huggett’s team includes recently promoted counsel Tamara Cizeika.

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M&A: mid-market, £50m-£250m
Leading individuals

Edward Barnett - Allen & Overy LLP

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M&A: smaller deals, up to £50m
Leading individuals

Edward Barnett - Allen & Overy LLP

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M&A: upper mid-market and premium deals, £250m+
M&A: upper mid-market and premium deals, £250m+ - ranked: tier 2

Allen & Overy LLP

Allen & Overy LLP acts for a number of leading companies, such as GlaxoSmithKline, 20th Century Fox and Thomson Reuters. Edward Barnett advised Coca-Cola Iberian Partners on its $11bn merger with Coca-Cola Enterprises and Coca-Cola Erfrischungsgetränke, while Richard Hough assisted Tullet Prebon during its $1.1bn merger with ICAP. The ‘pragmatic, very responsive and technically excellent’ Richard Browne heads the department, in which Richard Evans, Annabelle Croker and Africa expert Simon Toms are also recommended. Seth Jones re-joined the team after two years on secondment at the UK Takeover Panel.

Leading individuals

Edward Barnett - Allen & Overy LLP

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Partnership
Partnership - ranked: tier 3

Allen & Overy LLP

Allen & Overy LLP’s practice focuses on the establishment of partnerships and funds as well as partnership mergers and sale and purchases. John Goodhall regularly advises institutional investors on their investments into limited partnership funds, and Stephen Mathews assists partnerships with corporate and commercial transactions.

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Private equity: transactions
Private equity: transactions – Large-cap deal capability - ranked: tier 3

Allen & Overy LLP

At Allen & Overy LLP, Stephen Lloyd led the advice to 3i on the sale of Element Materials Technology to Bridgepoint. In another highlight, Lloyd, Gordon Milne and others acted for OMERS Private Equity and AIMCo on the $1.7bn acquisition of Environmental Resources Management. Karan Dinamani, who ‘homes in on the truly key issues’, and George Knighton are other names to note in the team, which has ‘a strong commitment to client service’.

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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 1

Allen & Overy LLP

Arnondo Chakrabarti and the ‘practical and no-nonsense’ Jonathan Hitchin jointly lead the department at Allen & Overy LLP. The ‘top-of-the-league’ team receives high-profile instructions from foreign governments, financial institutions, and engineering and energy services clients.

Leading individuals

Arnondo Chakrabarti - Allen & Overy LLP

Jonathan Hitchin - Allen & Overy LLP

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Fraud: civil
Fraud: civil - ranked: tier 1

Allen & Overy LLP

The civil fraud group at Allen & Overy LLP is led by Mona Vaswani, a ‘tireless, tenacious and inventive’ commercial litigator. The team is working in conjunction with the firm’s Asian and US offices to pursue claims of £50m against a former employee of a major international hedge fund for breach of confidence and infringement of intellectual property.

Leading individuals

Mona Vaswani - Allen & Overy LLP

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London: Dispute resolution

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

Allen & Overy LLP

In an illustration of Allen & Overy LLP’s strong track record for leading finance cases, in 2015 the firm acted for four banks in a £800m interest rate swap claim. Calum Burnett, John O’Conor, Mona Vaswani and Marc Florent are recommended, as are James Partridge and Andrew Denny. Arnondo Chakrabarti is ‘one of the best lawyers in the city’.

Leading individuals

Andrew Denny - Allen & Overy LLP

Calum Burnett - Allen & Overy LLP

John O’Conor - Allen & Overy LLP

Marc Florent - Allen & Overy LLP

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Commercial litigation
Commercial litigation - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP is ‘a go-to firm for commercial litigation’. It advised JKX Oil & Gas in proceedings concerning voting restrictions. Lawson Caisley is ‘excellent at handling large cases’ and is recommended alongside James Partridge, who ‘grasps the big picture’; Jonathan Hitchin, who stands out for his ‘commercial sense’; and Mona Vaswani, who is recommended for her ‘penetrating analysis’. Tim House and Alice Englehart are also highly rated.

Leading individuals

Jonathan Hitchin - Allen & Overy LLP

Lawson Caisley - Allen & Overy LLP

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Competition litigation
Competition litigation - ranked: tier 2

Allen & Overy LLP

In an illustration of its strength in the financial services sector, Allen & Overy LLP’s competition practice assisted 11 UK members of Visa Europe with the drafting of a loss sharing agreement, which was a precondition of the sale of Visa Europe to Visa Inc., and which involved the issue of allocation of liability for contingent competition law damages arising from interchange fees. In another key matter, the practice acted for Hitachi in the EC’s investigation into suspected cartel conduct in the automotive parts sector, in which the department obtained a favourable outcome for the client. Mark Friend and Antonio Bavasso head the practice.

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International arbitration
International arbitration - ranked: tier 2

Allen & Overy LLP

Allen & Overy LLP stands out for energy disputes, including arbitrations relating to gas pricing, finance and insurance coverage. Richard Smith is noted for his ‘excellent judgement’ and Jeffrey Sullivan is ‘a safe pair of hands’. Other ‘brilliant advisers’ include Mark Levy and recently promoted partner Kate Davies.

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Public international law
Public international law - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP promoted Kate Davies (‘gives concise, rational and commercial advice’) to partner, while former counsel Angeline Welsh joined Matrix Chambers. The team advised a group of German investors seeking to challenge the Spanish government’s amendments to its renewable energy programme. Jeffrey Sullivan ‘gives practical advice’ and Mark Levy is ‘very impressive’.

Leading individuals

Jeffrey Sullivan - Allen & Overy LLP

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London: Finance

Acquisition finance
Acquisition finance - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP has the critical mass, international reach and market knowledge to handle many of the biggest lender mandates across the capital structure. This was underscored by the firm’s work for the lenders, including Bank of America, on the financing to support Royal Dutch Shell’s £47bn purchase of BG Group. Other lender-side highlights included advising the lending syndicate on the $75bn acquisition financing of Anheuser-Busch InBev’s takeover of SAB Miller. On the sponsor side, the firm has handled a number of deals for PAI Partners, including the financing of its acquisition of A/S Adventure Group and Snow & Rock. Jonathan Brownson and Philip Bowden jointly head the leveraged finance team, which includes the ‘impressive’ Stephen Kensell and ‘commercial’ David Campbell. Robin Harvey, Timothy Polglase and Nicholas Clark, who re-joined the London office in September 2015 following a stint in the firm’s Milan office, are also recommended.

Leading individuals

Robin Harvey - Allen & Overy LLP

Stephen Kensell - Allen & Overy LLP

Timothy Polglase - Allen & Overy LLP

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Asset finance and leasing
Asset finance and leasing - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP is ‘an undoubted leader’ for asset finance transactions covering the spectrum of transportation asset classes. Headed by the ‘knowledgeable and responsive’ Mario Jacovides, the team is known for its ability to advise on highly structured and innovative transactions, and recently advised UK Export Finance on the $913m financing for the purchase of four Airbus A380-800 aircraft by Emirates, in what was the world’s first ECA-supported Sukuk issuance and the largest ECA-supported capital markets offering in the aviation space. In another novel deal, the ‘very commercial’ Paul Nelson acted for Turkish Airlines on what was the first enhanced equipment trust certificate (EETC) issuance by a Turkish airline. On the shipping front, Kevin Young acted for the banks, including ING, on the debt portion of the long-term Japanese operating lease (JOLCO) financing of one new 14,000 TEU vessel to be operated by Seaspan. Other recommended partners include Harry Upcott, who is ‘effectively able to balance legal knowledge with a strong sense of commerciality’, David Smith, and rail expert Jonathan Bevan.

Leading individuals

David Smith - Allen & Overy LLP

Mario Jacovides - Allen & Overy LLP

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

Allen & Overy LLP

Allen & Overy LLP fields ‘one of the dominant global corporate lending’ practices in the market. The ‘very commercial’ David Campbell advised the lead arrangers including Barclays on the $5bn revolving credit facility to Statoil. The ‘calm and knowledgeable’ George Link acted for the arranging banks on Ferrari NV’s debut €2.5bn syndicated financing in connection with its demerger from Fiat Chrysler Automobiles. The ‘excellent’ Nicholas Clark (who recently returned to London after a number of years in the firm’s Milan office) acted for the lenders on the $75bn loan facility to finance Anheuser-Busch InBev’s takeover of SAB Miller. The ‘extremely bright’ Melissa Samuel acts for both corporate borrowers and major financial institutions on domestic and international secured and unsecured financing facilities. Stephen Kensell and Trevor Borthwick are also recommended.

Leading individuals

Simon Roberts - Allen & Overy LLP

Stephen Kensell - Allen & Overy LLP

Trevor Borthwick - Allen & Overy LLP

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Corporate restructuring and insolvency
Corporate restructuring and insolvency - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP provides ‘creative and commercial advice’ to lenders including RBS, Credit Suisse and Barclays. Ian Field (who attracts praise for his ‘extensive experience of difficult deals’) acted alongside Carolyn Conner for the senior coordinating committee on the £350m restructuring of Cory Environmental. While the team is busier on the creditor front, it does handle a significant amount of debtor work; highlights included advising Four Seasons Health Group on financial restructuring options with respect to its term facility, senior secured notes and senior notes, as well as its real estate portfolio. The ‘results-oriented’ Earl Griffith led on that matter and is recommended alongside the ‘creative and solutions-oriented’ Randal Weeks and ‘calm and authoritative’ Tim Crocker. Gordon Stewart retired from the partnership (although he remains a consultant) and Mark Sterling now works on a part-time basis.

Leading individuals

Ian Field - Allen & Overy LLP

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Debt capital markets
Debt capital markets - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP is ‘a first-choice firm for DCM work; standards are very high, particularly in complex deals with challenging technical issues’. ‘Highly valued liability management adviser’ Jonathan Melton, who leads the team following Stephen Miller’s move to Hong Kong, advised several leading banks on multibillion-pound tender offers for outstanding debt. Other highlights included Theo Trayhurn’s advice to Barclays on the $6.5bn BHP Billiton multi-currency hybrid bond issue; Philip Smith’s advice to Deutsche Bank on a €400m guaranteed notes offering; Jamie Durham and Sachin Davé’s work for Turkcell on a $500m issuance; Matthew Hartley’s advice to a multinational on a €1bn debt exchange offer; and Jonathan Mellor’s work for a large UK retailer on a £500m convertible bond. Tom Grant stands out for his work on regulatory capital and corporate hybrid transactions.

Leading individuals

Jamie Durham - Allen & Overy LLP

Jonathan Melton - Allen & Overy LLP

Matthew Hartley - Allen & Overy LLP

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Derivatives and structured products
Derivatives and structured products - ranked: tier 1

Allen & Overy LLP

Sharp, commercial and easy to deal with’, Allen & Overy LLP’s practice ‘always provides innovative and practical solutions based on in-depth knowledge’. Richard Tredgett (‘a clear market leader’), Paul Cluley and Parya Badie advised a syndicate of global banks on the structured finance implications of the Greek financial crisis. Emma Dwyer (‘at the forefront of regulatory development’), David Benton and David Wakeling are advising ISDA on margin rules for uncleared trades. Other key figures include Franz Ranero, who ‘has a top-notch CLO practice’; Tony Drake-Brockman and Andrew Sulston, who advise on innovative packaged retail and insurance-based investment products; David Wainer, whose clients include Goldman Sachs; and Tom Roberts, who is ‘technically sound and inspires confidence’.

Leading individuals

David Benton - Allen & Overy LLP

Emma Dwyer - Allen & Overy LLP

Parya Badie - Allen & Overy LLP

Richard Tredgett - Allen & Overy LLP

Tony Drake-Brockman - Allen & Overy LLP

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Emerging markets
Emerging markets - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP is ‘a leader in the finance space and has a strong presence in emerging markets deals’. Lorraine Bayliss advised the lenders, including Bank of China, on the $1.6bn financing of a pipeline from Azerbaijan to Turkey. Michael Castle advised telecoms infrastructure company Eaton Towers on the financing of its expansion into African countries including Ghana. Sanjeev Dhuna advised Kenyan and international banks on a $350m financing for Kenya Pipeline Company. Also recommended are Philip Bowden and Greg Brown, for banking matters; Sachin Davé, Philip Smith and Jamie Durham, for capital markets work; Tim Arnheim and Andrew Castle, for projects; and Atif Hanif, for Middle East deals.

Leading individuals

Lorraine Bayliss - Allen & Overy LLP

Sanjeev Dhuna - Allen & Overy LLP

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High yield
High yield - ranked: tier 2

Allen & Overy LLP

Allen & Overy LLP is ‘one of the leading firms’ in the high yield space, and fields a number of dedicated partners including Kevin Muzilla, Jeanette Cruz, Matthias Baudisch (who ‘understands the legal aspects to the smallest detail’) and Jake Keaveny. Muzilla advised US private equity firm Lone Star on a €290m notes issuance for its acquisition of Balta Group. Keaveny acted for the underwriters of a £560m bond as part of the acquisition of CenterParcs.

Leading individuals

Jake Keaveny - Allen & Overy LLP

Kevin Muzilla - Allen & Overy LLP

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Islamic finance
Islamic finance - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP is noted for its full-service practice in London led by the highly regarded Atif Hanif. Hanif advised Maybank Investment Bank as coordinator of the consortium of banks handling the $2.3bn commodity murabaha facility provided to SapuraKencana Petroleum, while Jamie Durham advised UK Export Finance on Emirates Airlines’ $913m sukuk for the purchase of four Airbus A380s, which was the world’s first ECA-supported sukuk issuance. Saudi Electricity Company and Credit Suisse are also clients.

Leading individuals

Atif Hanif - Allen & Overy LLP

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Securitisation
Securitisation - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP is ‘the market leader, with highly capable partners and tremendous market insight’. Key figures include Sally Onions, who handled a £1.5bn RMBS for banks including Morgan Stanley, and Salim Nathoo, who is ‘smart, honest, solution-oriented and eager’. Angela Clist acted for BNP Paribas in establishing an $8bn covered bond programme for United Overseas Bank. ‘Fantastic market leader’ Lucy Oddy, who joined from Latham & Watkins, advised Bank of America Merrill Lynch on the €317m Taurus Kingfisher CMBS. Also recommended are Franz Ranero, who is ‘one of the top partners in the European securitisation space’; CMBS specialist Christian Lambie; and Tim Conduit, who acted for Credit Agricole on the €1.25bn Alpha Trains structured financing.

Leading individuals

Angela Clist - Allen & Overy LLP

Christian Lambie - Allen & Overy LLP

Sally Onions - Allen & Overy LLP

Salim Nathoo - Allen & Overy LLP

Tim Conduit - Allen & Overy LLP

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Trade finance
Trade finance - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP’s ‘excellent’ practice ‘can be relied on to deliver first-class, practical and timely advice on complex structuring and execution challenges’. Greg Brown heads the team and is ‘a “go-to” adviser who provides clear advice’, especially on regulatory matters. Key highlights for Lorraine Bayliss included acting for ING Bank in a multi-source financing in Korea involving two ECAs, while Katrina Buckley and David Campbell advised the committee of lenders on the £2bn restructuring of Stemcor, which included significant trade finance arrangements. Senior associate Catherine Lang-Anderson advises numerous banks on supply chain finance.

Leading individuals

Greg Brown - Allen & Overy LLP

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London: Human resources

Employee share schemes
Employee share schemes - ranked: tier 1

Allen & Overy LLP

The ‘first-rate’ team at Allen & Overy LLP excels in the financial services sector, where it acts on high-risk remuneration matters and executive incentives at a domestic and international level for clients including Virgin Money, Prudential Financial and Aviva. ‘Extremely commercial’ practice head Paul McCarthy recently advised Worldpay Group, The Gym Group and McCarthy & Stone on the share incentive aspects of the clients’ individual IPOs.

Leading individuals

Paul McCarthy - Allen & Overy LLP

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Employment: employees/ unions
Leading individuals

Karen Seward - Allen & Overy LLP

Mark Mansell - Allen & Overy LLP

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Employment: employers and senior executives
Employment: employers - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP’s ‘outstanding’ team is ‘excellent on all fronts’ and provides ‘a gold-standard service’. The department’s ‘depth of industry knowledge is unmatched’, particularly in the financial services sector, where it acts for clients including Morgan Stanley, JPMorgan and BlueBay Asset Management. Highlights in other sectors included advising Pure Storage on the enforceability of restrictive covenants, and assisting TE Connectivity on the multi-jurisdictional employment elements of the $3bn sale of its broadband network solutions division to CommScope. The ‘formidable and no-nonsense’ Karen Seward leads the practice, which includes the ‘intelligent and experienced’ Mark Mansell, Sarah Henchoz, who is ‘the person you want when dealing with a complex matter’, and ‘truly exceptional and insightful’ counsel Louise Skinner.

Leading individuals

Karen Seward - Allen & Overy LLP

Mark Mansell - Allen & Overy LLP

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

Allen & Overy LLP

Pensions: dispute resolution - ranked: tier 3

Allen & Overy LLP

Allen & Overy LLP’s ‘first-rate’ team ‘consistently delivers well-presented and focused advice that inspires confidence in its clients’. The ‘exceptional’ Maria Stimpson leads the practice, which includes the ‘outstanding’ Neil Bowden, who led advice to the trustees of the ICI Pensions Fund on establishing an umbrella buy-in contract, the first of its kind in the market. Däna Burstow, who ‘is able to walk in the trustees’ shoes’, acted for the trustees of the Hogg Robinson (1987) Pension Scheme in a deed rectification application. Corporate clients include News UK, Prudential and Co-operative Group.

Leading individuals

Maria Stimpson - Allen & Overy LLP

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London: Insurance

Insurance litigation: for policyholders
Insurance litigation: for policyholders - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP’s ‘outstanding’ practice has strong experience in high-value coverage disputes, with notable expertise in D&O claims, and is highly active within the Lloyd’s and Bermuda market. Joanna Page heads the team, which includes the ‘calm, approachable’ Richard Smith, who ‘instils a great amount of confidence in his clients’; and former barrister Lauren Lindsay, who ‘has a strong scientific background, which is invaluable in cases related to pharmaceutical products’.

Leading individuals

Joanna Page - Allen & Overy LLP

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Insurance: corporate and regulatory
Insurance: corporate and regulatory - ranked: tier 3

Allen & Overy LLP

Allen & Overy LLP’s ‘responsive, committed’ group ‘consistently provides leading expert knowledge, along with pragmatic and solution-focused advice’. Philip Jarvis is ‘outstanding; an incisive and perceptive lawyer whose experience and intellect sets him apart from others’. Jarvis is acting for insurance giant Aviva on its £5.6bn acquisition of Friends Life Group, and is also advising the client on the £1.7bn disposal of its latent risk portfolio to Swiss Re. Other key clients include Guardian Financial Services, Morgan Stanley and Munich Re.

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London: Projects, energy and natural resources

Infrastructure (including PFI and PPP)
Infrastructure (including PFI and PPP) - ranked: tier 1

Allen & Overy LLP

At the cutting edge of the market’, Allen & Overy LLP often acts for investors across the transport, social infrastructure and utilities sectors. The ‘exceptional’ David Lee leads the practice, which includes Sara Pickersgill, who advised the Universities Superannuation Scheme (USS), OPTrust and PGGM on their €420m acquisition of shares in Globalvia from FCC and Bankia. Richard Evans and the ‘very experienced’ Conrad Andersen advised Goldman Sachs Infrastructure Partners and Infracapital on the £1.6bn sale of their combined stake in Associated British Ports to a consortium comprising Canada Pension Plan Investment Board and Hermes Infrastructure.

Leading individuals

Conrad Andersen - Allen & Overy LLP

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Mining and minerals
Mining and minerals - ranked: tier 2

Allen & Overy LLP

Headed by M&A expert Dominic Morris, Allen & Overy LLP’s department acts for global majors, domestic corporates and financial institutions. Capital markets transactions are a particular strength of the firm; in 2015, Richard Browne led the team advising Sirius Minerals on its £15m placement of shares on AIM. Other clients include Vale, Fortescue Metals Group and Randgold Resources.

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Oil and gas
Oil and gas - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP’s well-regarded practice saw a number of changes in 2015: Jaspal Gillar and Tim Scales relocated to London from the Abu Dhabi and Paris offices, respectively, and Jocelyn Land was promoted to partner. Lorraine Bayliss advised a syndicate of nine lenders including Bank of China on the $1.6bn refinancing of the Baku-Tbilisi-Ceyhan pipeline. Troy Edwards advised Trans Adriatic Pipeline as the developer on the development and operation of a $1.5bn natural gas pipeline from the border between Turkey and Greece to southern Italy. The team, which includes John Geraghty, is jointly led by Gareth Price and Jeremy Parr.

Leading individuals

Jeremy Parr - Allen & Overy LLP

John Geraghty - Allen & Overy LLP

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Power (including electricity, nuclear and renewables)
Power (including electricity, nuclear and renewables) - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP’s ‘very strong’ team often acts for clients ranging from governments, corporates and manufacturers, and has a particularly strong focus on the Nordic market. Co-head Gareth Price has been leading the group advising Infrastructure UK on all aspects of the financing and development of the Hinkley Point C nuclear power station in Somerset. Conrad Andersen and Parya Badie assisted a five-strong consortium of funders with the €360m acquisition of Adven by AMP Capital and Infracapital. Also recommended are fellow co-head Jeremy Parr and project finance expert Jocelyn Land, who was promoted to partner.

Leading individuals

Gareth Price - Allen & Overy LLP

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Water
Water - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP’s ‘pragmatic, commercial and responsive’ practice has a strong foothold in the UK water sector, where it advises on major M&A, as well as bank and bond financings. David Campbell advised Bank of Tokyo-Mitsubishi UFJ as documentation coordinator for a syndicate of 12 banks in a £900m revolving credit facility for Severn Trent Water Limited. Conrad Andersen heads the practice.

Leading individuals

Conrad Andersen - Allen & Overy LLP

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London: Public sector

Administrative and public law
Administrative and public law - ranked: tier 2

Allen & Overy LLP

Allen & Overy LLP’s team has notable expertise in the regulatory and commercial space. Highlights for Mark Friend (who attracts praise for his ‘thoroughly sensible, informed and cleverly tactical advice’) included representing SP Energy Networks (one of the six UK electricity distribution network operator (DNO) groups) in its opposition to an appeal brought by British Gas against Ofgem’s DNO price control settlement. Andrew Denny is ‘forthright and a good strategic thinker’ and ‘an excellent public law litigator with considerable experience and good tactical sense’. Bail for Immigration Detainees, Chartered Institute of Management Accountants and ScottishPower are also clients. James Neill is another name to note.

Leading individuals

Andrew Denny - Allen & Overy LLP

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London: Real estate

Commercial property
Commercial property: development - ranked: tier 4

Allen & Overy LLP

Commercial property: general - ranked: tier 3

Allen & Overy LLP

Commercial property: hotels and leisure - ranked: tier 3

Allen & Overy LLP

Commercial property: investment - ranked: tier 2

Allen & Overy LLP

Commercial property: retail - ranked: tier 2

Allen & Overy LLP

Allen & Overy LLP’s strong investment expertise was once again in evidence with the team being active on a number of deals for private equity players such as Kildare Partners and Tristan Capital Partners. Elsewhere, practice head Imogen Moss is advising Croydon Gateway Limited Partnership in relation to the development of Ruskin Square next to East Croydon Station. Christopher Woolf is the other main contact following the retirement of Adam Cleal.

Leading individuals

Imogen Moss - Allen & Overy LLP

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Construction
Construction: non-contentious - ranked: tier 3

Allen & Overy LLP

At Allen & Overy LLP, Nigel Pritchard and Troy Edwards provide non-contentious advice on a range of high-profile energy and infrastructure projects. Recent examples include advising Hitachi and Horizon Nuclear Power on the development of a new-build nuclear power plant in north Wales and, at an international level, acting for Biwater International on the construction arrangements for the Erbil and Sulaimani water and wastewater projects.

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Environment
Environment - ranked: tier 1

Allen & Overy LLP

In an illustration of Allen & Overy LLP’s corporate strength, the team is advising Saudi Aramco on a joint venture with Lanxess Deutschland for a synthetic rubber business. On the regulatory side, the team handles the full range of environmental, health and safety, human rights and carbon issues; in one highlight it is representing Total in multiple challenges against numerous member states’ implementation of the European Commission’s calculation of carbon allowances. The ‘very strategic’ Matthew Townsend heads the practice.

Leading individuals

Matthew Townsend - Allen & Overy LLP

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Property finance
Property finance - ranked: tier 1

Allen & Overy LLP

Paul Flanagan, Arthur Dyson, Simon Roberts and Mark Manson-Bahr are key partners in Allen & Overy LLP’s ‘outstanding’ team. Atif Hanif advised Sumitomo Mitsui Trust Bank on a £350m loan to finance the redevelopment of the former BBC Television centre in west London. Lucy Oddy joined from Latham & Watkins in September 2015.

Leading individuals

Arthur Dyson - Allen & Overy LLP

Mark Manson-Bahr - Allen & Overy LLP

Paul Flanagan - Allen & Overy LLP

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Property litigation
Property litigation - ranked: tier 3

Allen & Overy LLP

Allen & Overy LLP’s practice is led by ‘focused property litigator’ Jane Fox-Edwards, who is ‘calm, clever and conscientious’; she is praised for her team management in large litigation, as evidenced by her success in the Supreme Court on behalf of BNP Paribas against tenant Marks and Spencer plc.

Leading individuals

Jane Fox-Edwards - Allen & Overy LLP

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Social housing: finance
Social housing: finance - ranked: tier 2

Allen & Overy LLP

Allen & Overy LLP stands out for its ‘superb’ track record on public bond offerings. Highlights included advising Barclays, Lloyds Bank and RSB as joint book runners, and Prudential Trustee Company as bond trustee, on London & Quadrant Housing Trust’s £250m bond issue. Geoff Fuller and counsel Beth Collett (‘a safe pair of hands’) are also recommended.

Leading individuals

Beth Collett - Allen & Overy LLP

Geoff Fuller - Allen & Overy LLP

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London: TMT (technology, media and telecoms)

Brand management
Brand management - ranked: tier 3

Allen & Overy LLP

At Allen & Overy LLP, Neville Cordell represented Virgin Media and Virgin Enterprises in a trade mark dispute with BT. Highlights for commercial IP head Jim Ford included assisting Asahi Group Holdings with its €2.5bn acquisition of several assets owned by SABMiller. Nigel Parker advised VimpelCom on a joint venture agreement.

Leading individuals

David Stone - Allen & Overy LLP

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Data protection
Data protection - ranked: tier 2

Allen & Overy LLP

Allen & Overy LLP delivers ‘very good response times and excellent business acumen’. ‘Expert’ practice head Jane Finlayson-Brown advised Morrisons on an incident that involved the unauthorised publication of employee personal data. Nigel Parker’s clients include Four Seasons Hotels. The team also acts for News UK, GlaxoSmithKline and Bank of America Merrill Lynch. David Smith, former deputy commissioner at the Information Commissioner’s Office, joined in January 2016.

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IT and telecoms
IT and telecoms - ranked: tier 3

Allen & Overy LLP

Lawyers at Allen & Overy LLPknow the telecoms industry inside out and provide commercial, practical and well-informed advice’. ‘Knowledgeable and willing’ practice head Tom Levine acted for VimpelCom on the formation of a joint venture with CK Hutchinson, and advised IHS on the acquisition of several thousand mobile network towers across Rwanda, Zambia and Nigeria. Senior associate Andrew Kenning is ‘technically excellent, strong under pressure and very nice to work with’. Other clients include Huawei, Samsung and EE.

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Intellectual property
Intellectual property - ranked: tier 2

Allen & Overy LLP

Allen & Overy LLP handles big-ticket matters in the patent field, advising on both litigation and IP-rich corporate transactions for clients including Novartis, Virgin Media, McDonald’s and Imperial Tobacco. IP litigation head Nicola Dagg is ‘a very bright, courageous and experienced litigator with an international reputation’. She is ably supported by IP litigators Mark Ridgway and Neville Cordell. Head of commercial IP Jim Ford can ‘disentangle the most challenging of commercial IP issues and produce workable solutions’.

Leading individuals

Nicola Dagg - Allen & Overy LLP

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

Allen & Overy LLP

The ‘excellentAllen & Overy LLPis a force to be reckoned with’. Recent highlights include advising 888 Holdings on its £900m offer to acquire bwin.party, and acting for Activision Blizzard on its $5.9bn acquisition of King Digital Entertainment. Other clients include WPP, Sky and Paddy Power. Antonio Bavasso heads the department, which includes Simon Toms and Dominic Long.

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Pharmaceuticals and biotechnology
Pharmaceuticals and biotechnology - ranked: tier 2

Allen & Overy LLP

Allen & Overy LLP’s ‘outstanding’ and ‘highly responsive’ team, headed by commercial lawyer Jim Ford and ‘bright, courageous and internationally renowned’ patent litigator Nicola Dagg, is noted for its ‘terrific industry knowledge and business acumen’. Ford advised GlaxoSmithKline on its entry into a strategic agreement with MolMed for the manufacture of viral vectors and gene therapy products, while Dagg’s highlights included assisting Warner-Lambert Company with the enforcement of its second medical use patent for the drug pregabalin. Neville Cordell is a ‘thoughtful and experienced litigator’.

Leading individuals

Marjan Noor - Allen & Overy LLP

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London: Transport

Rail
Rail - ranked: tier 1

Allen & Overy LLP

Highlights for Allen & Overy LLP’s ‘outstanding’ department included advising the funders and joint bookrunners on the €1.25bn secured corporate refinancing of Alpha Trains; assisting the funders to 3i and Crédit Agricole with their bid to acquire a 40% stake in Eurostar from the UK Government; and acting for B Logistics on the financing, operating and leasing of nearly 1,300 Shimmns railcars. Other clients include HS1, Etihad Rail, Qatar Rail and Bombardier. Jonathan Bevan leads the ‘experienced’ team, which includes construction head Nigel Pritchard, Conrad Andersen, David Lee, who heads the global infrastructure group, Mario Jacovides, who is global head of the structured and asset finance group, and Tim Conduit.

Leading individuals

Jonathan Bevan - Allen & Overy LLP

Nigel Pritchard - Allen & Overy LLP

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