Dechert LLP > Paris, France > Firm Profile

Dechert LLP
22 RUE BAYARD
PARIS 75008
France

France > Industry focus: Healthcare and life sciences Tier 1

Dechert LLP houses a ‘dynamic’ team which advises a number of notable clients, including Roche and Sofinnova. The group displays ‘great’ expertise when handling a broad range of issues, including financings, cases against the French Competition Authority, and the IP aspects of transactions. Alain Decombe and Mélanie Thill-Tayara jointly head the practice. Decombe is known for his deep corporate expertise which spans the negotiation and structuring of share deals, and corporate reorganisations. Thill-Tayara has ample knowledge of antitrust and competition issues, having acted in numerous abuse of dominance and cartel disputes before both EU and French courts. Regulatory specialist Sophie Pelé frequently assists clients with public law-related issues, including contentious market access matters before the administrative supreme court in France.

Practice head(s):

Alain Decombe; Mélanie Thill-Tayara

Other key lawyers:

Jacques Sivignon; Sophie Pelé; Ermine Bolot; Marion Provost

Testimonials

‘A dynamic team, which is up-to-date with the latest news. They have great expertise and strive to satisfy the needs of its customers.’

‘Perfect understanding of the sector and its environment. Very easy contact and mutual trust with the customer.’

Key clients

ArchiMed

Abivax

Cathay Capital

Chiesi Farmaceutici SpA

Havéa Group

HRA Pharma

Mayoly Spindler

Roche

Sofinnova

Work highlights

  • Represented Roche in its appeal before the Paris Court of Appeal against the €400+m fine initially imposed by the French Competition Authority for an abuse of collective dominance with Novartis. The fine was completely canceled.
  • Advised Abivax on its biotech private placement.
  • Advised Chiesi Farmaceutici SpA on its US$1.4 bn acquisition of Amryt Pharma Plc.

France > EU, competition and distribution Tier 2

Dechert LLP is highly regarded for its prowess in the life sciences sector, frequently acting for leading pharmaceutical companies in high-profile merger control cases and antitrust litigation; its impressive recent highlights include securing a victory for Roche before the Paris Court of Appeal in a challenge to a fine imposed by the FCA. The team is experienced across the board of EU and competition law matters, but is particularly noted for its expertise in cartel and abuse of dominance cases, where Mélanie Thill-Tayara (who also leads the global life sciences practice) has an excellent reputation. Laurence Bary and Marion Provost are also names to note.

Practice head(s):

Mélanie Thill-Tayara

Other key lawyers:

Testimonials

‘Multidisciplinary team that knows how to work together and see all aspects of the same contract or the same problem.’

‘The strength of this team is its ability to understand the pharmaceutical market globally, with competition specialists and market regulation specialists. Women are well represented in the team and it works closely together. Good listening skills.’

‘Mélanie Thill-Tayara, Marion Provost and Laurence Bary all stand out.’

‘Highly competent team accustomed to working together which allows them to deliver very high-quality work, and they are also able to quickly have effective contact online, even when the person responsible for the file is absent.’

‘Mélanie Thill-Tayara stands out for her strategic approach to litigation and her very good knowledge of the mysteries of the competition authorities, and Laurence Bary for her great rigour and her very good technical skills.’

Key clients

Apple

ArianeGroup

Cathay Capital

Chiesi Farmaceutici S.p.A

Cora and Supermarchés Match

Deutsche Bahn AG

Mayoly Spindler

Roche

Work highlights

  • Successfully represented Apple before the Paris Court of Appeal in challenging the highest fine ever imposed by the FCA against one single company, which was over €1.1 billion for Apple alone.
  • Successfully represented Roche in the context of its appeal before the Paris Court of Appeal against the more than €400 million fine initially imposed by the FCA for an abuse of collective dominance with Novartis, which was completely annulled.
  • Advised Chiesi Farmaceutici S.p.A. in the merger control and FDI aspects of its US$1.4 billion acquisition of Amryt Pharma Plc., a UK-based company specializing in the development of treatments for rare diseases.

France > Private equity: Fund formation Tier 2

The team at Dechert LLP is well-placed to assist sponsors, private equity funds, and institutional investors with fund formation, fund reviews, and regulatory compliance. The group, which is additionally equipped to support clients with the implementation of new financial regulations, is co-directed by ‘key partners in the market’ Sabina Comis and Cyril Fiat. Comis is well-versed in both the tax and regulatory aspects of fund formation, while Fiat focuses on fund structuring and fundraising. Antoine Pian provides additional support across the gamut of matters.

Practice head(s):

Sabina Comis; Cyril Fiat

Other key lawyers:

Antoine Pian; Etienne Bimbeau

Testimonials

‘Cyril Fiat and Sabina Comis are key partners on the market. Strong responsiveness and in-depth knowledge of the private equity market.’

‘Cyril Fiat, through his broad knowledge and international capacity.’

‘Exceptional team of associates with the brilliant Etienne Bimbeau and Antoine Pian.’

‘Cyril Fiat: responsiveness, very good knowledge of the files, excellent knowledge of the market and negotiation points in the sector.’

Key clients

17Capital

Blisce/

Capital Croissance

IRoise Partners

KKR

Sofinnova Partners

Work highlights

  • Advised Blisce on its €300m Blisce Fund II and assisted with co-investment vehicles.
  • Advised Capital Croissance on establishing a French private equity fund focused on investing in SMEs with growth potential.
  • Advised a European asset management firm on legal, regulatory, and tax matters for structuring French feeder funds investing in various pan-European master funds.

France > Compliance Tier 3

France > Employment Tier 3

Dechert LLP covers a myriad of employment issues spanning working organisation schemes, collective redundancy plans and data protection issues, among other areas. Clients include domestic and international companies. The group is led by Philippe Thomas, who has in-depth knowledge of employee transfers and restructuring issues, stands out for his 'excellent market knowledge with a commercial and pragmatic approach'. Thibault Meiers is another figure of note.

Practice head(s):

Philippe Thomas

Other key lawyers:

Testimonials

‘The employment law team led by Philippe Thomas provides responsive, commercially oriented advice based on excellent knowledge of the market and recent case law in employment law. I have been following Philippe Thomas for ten years and would not change his advice for anything in the world!’

‘Philippe Thomas combines excellent market knowledge with a commercial and pragmatic approach which makes him a privileged partner.’

‘The team is very responsive and has a very good understanding of the subjects we encounter. Thibault Meiers takes into account our way of operating internally to advise us best.’

‘We mainly work with Thibault Meiers, who is always able to advise us very well on the various subjects for which we contacted him.’

‘Appreciate the availability, as soon as I need their help. Also, the way of analysing a situation, proposing a way forward, reactiveness to my questions and e-mails, advice, and knowledge of the sector. I’m just very happy to have an open communication line.’

‘Creative approach to legal solutions, pragmatism, great responsiveness, availability, great involvement of all members of the team dedicated to my business and good follow-up of issues.’

‘It is a team which perfectly understands the needs of the company, which knows how to adapt to all situations and above all understands the urgency of certain files.’

‘The speed and quality of responses/exchanges while taking into account our reality. An excellent understanding of the situation with a pragmatic and customer-oriented approach/pragmatic solutions.’

Key clients

Cathay Capital

Chiesi Farmaceutici S.p.A

Havea Group

Work highlights

  • Assisted Cathay Capital on labor aspects in connection with the sale of the Cenexi group.  
  • Advised Havea on all labor law aspects in connection with its exclusive negotiations for the acquisition of Biocyte.
  • Advised the International Olympic Committee’s exclusive global hospitality provider, On Location, on the recruitment of its staff and implementation of French employment policies.

France > Tax Tier 3

The tax practice at Dechert LLP is well regarded for its expertise in private equity fund formation, assisting investment funds, management companies, private and institutional investors and carried interest holders. Private equity specialist Sabina Comis heads the practice and is experienced in tax structuring for asset managers’ carried interest rights, as well as designing cash repatriation models and waterfall mechanisms. Etienne Bimbeau  is another key name in the team.

Practice head(s):

Sabina Comis

Other key lawyers:

Etienne Bimbeau

Key clients

17Capital

Archimed

Blisce

Capital Croissance

Cathay Capital

Essling Capital

Groupe Artémis

Iroise Partners

KKR

Loomis Sayles

Rothschild & Co Asset Management and Rothschild Martin Maurel

Roundtable

Red River West

Sofinnova Partners

Work highlights

  • Advised Sofinnova Partners in connection with a GP stake investment by Apollo.
  • Advised Blisce/ Blisce on the legal and tax structuring of several dedicated co-investment vehicles investing in single assets.
  • Advised Cathay Capital in connection with the sale of the Cenexi group to the Indian group Gland Pharma.

France > Banking and finance: transactional work Tier 4

Dechert LLP

Practice head(s):

Privat Vigand

Testimonials

‘Very good knowledge of the real estate market but also of the LBO market which allows quality advice in the context of complex structuring.’

‘Privat Vigand: expertise, availability, ability to listen and good structuring skills.’

‘Excellent team with established track record. Responsive, pragmatic, great clarity.’

Key clients

BNP Paribas

Crédit Agricole CIB

ING Bank

Natixis

Work highlights

  • Advised a consortium of banks on the restructuring of the existing financing in the context of the acquisition of Sequana Tower, Accor’s headquarters, by British fund Valesco.
  • Advised Crédit Agricole CIB on the financing of a portfolio of student residences.

France > Dispute resolution: Commercial litigation Tier 4

Practice head(s):

Jacques Sivignon

Testimonials

‘The team is ultra professional, excellent in analyzing possible strategies and above all ensuring follow-up that is understandable for the client.’

‘Jacques Sivignon masters litigation perfectly; he takes into account the client’s imperatives and develops the appropriate strategy.’

‘Very high quality service. A very available and competent team.’

Key clients

BYD

GSK

Eurogroup

Signify

Work highlights

  • Represented the founder of a large medtech company in a shareholder’s dispute related to the exercise of a call-option provided in the shareholder’s agreement and related civil and criminal proceedings.
  • Represented a leading medical device and pharmaceutical group in relation to defective product liability claims by patients and related actions from the French health insurance fund.
  • Represented a major Chinese manufacturer of electrical cars in judicial proceedings initiated by a Swiss car distributor seeking to annul an ICC arbitral award.

France > Real estate Tier 4

The practice at Dechert LLP specialises in commercial real estate financing and refinancing transactions and is regularly sought out by investment banks, lenders, corporate borrowers and funds for this purpose. The ‘responsive, dynamic and efficient’ team is also equipped to handle pan-European financing mandates, working in conjunction with its peers based in other European jurisdictions. Department lead Privat Vigand boasts an ‘in-depth knowledge of the real and corporate asset acquisition financing market’.

Practice head(s):

Privat Vigand

Testimonials

‘Privat Vigand brings great experience. Pragmatism. A solution provider.’

‘ A responsive, dynamic, efficient team. Pragmatic, excellent relational and writing skills. In-depth knowledge of the real and corporate asset acquisition financing market.’

‘Ability to work and find innovative solutions within the framework of complex structuring.’

‘I had the opportunity to work with Privat Vigand. Beyond his always pleasant relationships, he is a great professional with a lot of technique. He remains available and happily answers questions, clearly and precisely.’

Key clients

BNP Paribas

Crédit Agricole CIB

ING Bank

Natixis

Work highlights

  • Advised a consortium of banks on the restructuring of the existing financing in the context of the acquisition of Sequana Tower, Accor’s headquarters, by British fund Valesco.
  • Advised Crédit Agricole CIB on the financing of a portfolio of student residences.

France > Mergers and acquisitions Tier 5

Practice head(s):

Alain Decombe; Ermine Bolot

Other key lawyers:

Testimonials

‘Ermine Bolot’s team: very responsive, pleasant and available, with excellent knowledge of the industrial sector and very proactive in supporting and negotiating transactions. The team also demonstrates a lot of pragmatism and finesse in finding tailor-made solutions to the difficulties encountered.’

‘Ermine Bolot is very responsive and knows how to make herself available. She always provides good advice, and knows how to negotiate skillfully and with great pragmatism to advance our transactions while best protecting our interests. Her finesse and knowledge of our sector of activity allows her to find tailor-made solutions to overcome our difficulties. ’

‘Ermine Bolot has the ability to perfectly understand the expectations of her clients, to adapt their culture and her advice according to her client’s business project. Ermine communicates very well.’

‘Ermine Bolot : efficient, tailor-made advice.’

‘Ermine Bolot has a very good reputation on the market.’

‘A team of seasoned professionals, with the skills and know-how of a large firm. ’

‘The team shows great solidarity, is very responsive, creative and diverse. It also takes care to listen and understand before proposing rather than pushing existing schemes.’

‘Vianney Toulouse is a very competent and agile lawyer. Very good daily contact and ability to manage a file from implementation to closing.’

Key clients

Abivax

Chiesi Farmaceutici S.p.A

Havea Group

Mayoly Spindler

Sofinnova

Work highlights

  • Advised Chiesi Farmaceutici S.p.A. on its US$1.4 billion acquisition of Amryt Pharma Plc.
  • Advised Cathay Capital in connection with the sale of the Cenexi group to the Indian group Gland Pharma.
  • Advised Abivax on the largest-ever Euronext Paris single listing of biotech private placement.

France > Intellectual property: Trade marks and designs

In 2023, the addition of Olivia Bernardeau-Paupe has brought a revitalised energy to the IP practice at Dechert LLP. The practice now provides counsel to domestic and international clients across various industries, specialising in trade mark and unfair competition law. The team’s expertise is particularly focused on navigating complex issues in both national and multi-jurisdictional IP litigation.

Latin America: International firms > International arbitration Tier 2

Dechert LLP’s highly reputed multi-office international arbitration has a distinct emphasis on Latin America, with more than half of its cases involving a Latin American entity. Although globally recognised for its expertise in investment arbitration, the firm is also highly active in commercial arbitrations in the region, and is also noted for its experience in the enforcement of arbitration awards. It defends a large number of Latin American states in investment and commercial arbitrations, along with representing state entities as claimants. It also acts for an array of investors in cases against Latin American sovereigns. Energy, mining, construction, transport, telecoms and food are key sectors for the team. Many within the group are natives of Latin American states or are fluent Spanish or Portuguese speakers. The Latin America focused team is primarily located in Paris, where dual-qualified (Colombia/Paris) Eduardo Silva Romero is co-chair of the global international arbitration practice; he has ‘indisputable experience in commercial and investment arbitration’ and focuses primarily on arbitration involving states and state-owned entities. José Manuel García Represa is another experienced figure in the team, typically handling a large case load; both he and Silva are particularly noted for their expertise in damage quantification. Senior associate Catalina Echeverri Gallego (‘a great professional’, ‘100% analytical and methodical’) is another Latin America specialist, while associates Javier Echeverri Díaz and Santiago Soto Garcia are also highlighted by clients. All named individuals are based in Paris. Antonio Gordillo left the firm in July 2023.

Practice head(s):

Eduardo Silva Romero; Arif Ali

Testimonials

‘Dechert (Paris) LLP’s practice is characterised as highly sophisticated and legally robust. They have extensive experience in international litigation, in different locations and centers, with a strong focus on the client’s business.

The lawyers are highly prepared and close. The partners participate directly in the strategy and in the day-to-day of the case. They are also concerned about the client, the business and any problem that might arise in the host country of the investment. I would mainly highlight Eduardo Silva Romero, José Manuel García-Represa and Catalina Echeverri Gallego.

Dechert LLP can be characterised as having a disciplined team which maintain close communication with its clients, take the time to explain the incidents and strategies that they have contemplated for the cases and do not hesitate to take into consideration any contribution that the client wishes to contemplate. Their practice is remarkably innovative compared to other law firms, with respect to billing they are always involved and attentive to resolve any incident that may arise. Despite the fact that there is a wide difference in time zone, they are always willing to attend to any concern, by far one of the best firms we have worked with.

Each of the people that make up the Dechert LLP team has made us feel safe by denoting that they control and manage the issues. Each one of them takes their time to analyse and understand the case carefully, they know that they must work step by step to have a solid strategy. Eduardo Silva Romero is a great professional and academic, who is always willing to explain any questions we may have. Denotes great leadership before his team and extensive knowledge in international arbitration issues. Catalina Echeverri is an exceptional person and great professional, always ready to attend to our concerns no matter what time it is; 100% analytical and methodical. They have extensive knowledge in investment arbitration and always guide the client to the best strategy. Santiago Soto Garcia is an excellent professional, demonstrates great experience when it comes time to analyse the expert reports in each of the investment arbitrations.

It is a team of committed professionals who are fluent in Spanish and other languages. They are aware of the difficulties involved in state defence, and the various controls of public resources, and they are always willing to collaborate with the needs of the institution. In terms of knowledge, they are top-level professionals with the highest professional training, management of digital resources, with whom contact can be maintained despite the time difference between France and Ecuador. Their billing is clear and trustworthy.

Dechert’s lawyers demonstrate a strong commitment to the work they do, they are always diligent and attentive to the requests made. They are aware of the need for transparency in the management of public funds and collaborate diligently with the institution in case of requirements from the Ecuadorian control body. Professionally, they have extensive knowledge in litigation and their experience in various matters is outstanding, for example in hydrocarbons, environment, infrastructure, investments, telecommunications and the calculation of damages. We highlight their commitment to work with the PGE and their intellectual generosity in sharing their knowledge with the institution’s lawyers.

What makes this firm unique is that they have a diversified team. Composed of lawyers from Latin America and Europe, of different nationalities who have worked in public and private sectors. That is, they know and move perfectly in these “two worlds”. In the cases that I had to work with this firm, I see that they assign a large number of lawyers for each case, in which one creates a direct and personal bond with each one of them.

Eduardo Silva Romero, José Manuel García Represa and Javier Echeverri Díaz are excellent lawyers and excellent people. Eduardo’s experience in commercial and investment arbitration is indisputable. He is also an arbitrator and has written many publications. As a lawyer, despite having a busy schedule, he always responded to my queries and calls regardless of what time it was. He has extensive experience in construction arbitrations and representing States. He and José Manuel create an exceptional duo due to their expertise is in damage quantification. José Manuel has a lot of experience in economics and calculations. Javier has considerable experience in construction arbitration and representation of states.’

Key clients

Interconexión Eléctrica (Grupo ISA)

Autopista del Norte

Carlos Mario Rios Velilla & Francisco Javier Rios Velilla

Katoen Natie Group

The Republic of Colombia

The Republic of Ecuador

The Argentine Republic

The Republic of Guatemala

Plurinational State of Bolivia

The Dominican Republic

Work highlights

  • Represented one the largest power transmission companies in the world against Chile in an ICISD arbitration arising from the construction and operation of a power line.
  • Represented a Brazilian investment holding company in a billion-dollar ICC corporate dispute.
  • Successfully represented the first and largest solar photovoltaic power-generating company in Guatemala in an ICC arbitration initiated against a power distribution company and concerning two long-term power purchase agreements for solar plants.

Dechert has a multinational identity that is fundamentally diverse. The firm’s commitments to diversity and inclusion are not simply words written on a website – they are guiding principles that all those at Dechert should live by every day. The numbers speak for themselves – 43% of our Policy Committee (the senior management team) are women or diverse partners, 62% of the lawyers promoted to partner in January 2021 are women or diverse, and 77% of the most recent incoming class – Dechert’s future – are women or diverse.

The following are just some of the key measures that Dechert has undertaken to improve diversity and inclusion at the firm.

Affinity Groups
To effect change, affinity groups identify and address diversity and inclusion-related issues, and create new and recurring programming focused on the attainment of professional and business development skills. They offer enhanced mentoring opportunities, retreats and educational workshop for diverse attorneys. Our affinity groups include:

  • Asian Affinity Group
  • Black Lawyers Alliance
  • Dechert’s Family Network
  • Global Women’s Initiative
  • Latino Affinity Group
  • LGBTQ Affinity Group
  • Dechert Heroes (Veterans Affinity Group)

Aspiring Solicitors
Dechert is an Affiliate Partner of Aspiring Solicitors (AS). 2020/2021 marks the fifth successful year of Dechert’s sponsorship of the organization’s national Commercial Awareness Competition, with the winners offered a vacation scheme and opportunity to interview for a training contract at Dechert.

Diversity and Inclusion Week
As part of the firm’s inaugural Diversity and Inclusion Week (July 20-24, 2020), Dechert hosted journalist and filmmaker Afua Hirsch for a provocative conversation about race, identity and belonging, as well as how what we learn (or don’t learn) about our history has an impact on racism and inequality today.

The firm also held fast-paced virtual quizzes focused on diversity, inclusion and world culture, with a charitable donation made to the winning teams’ chosen charities focused on social justice.

Diversity Champions
Recognizing the individuals who serve as role models for the inclusive, open culture we value, Dechert offers the Diversity Champions award. In 2020, our people submitted 100 nominations. Four Diversity Champions were recognized at our annual all-hands event, with honorees each awarded a bonus.

Global Women’s Initiative
Members of Dechert’s Global Women’s Initiative (GWI) meet regularly with firm leadership to identify and implement initiatives that promote opportunities for women to advance and lead throughout the firm. Individual offices provide additional formal and informal support for women lawyers.

GWI initiatives include formal and informal mentoring, development training, meetings and events for summer associates, internal and external networking, special interest events, and leadership training. The GWI launched the Sponsorship and Sustained Support (SASS) program for senior women associates to help navigate the path to partnership.

Inclusive Leadership
Commitment to diversity and inclusion stems from the top. Our partners have been participating in quarterly, interactive sessions on inclusive leadership since 2018. Topics include affinity bias, attribution bias, covering, in and out groups, priming, unconscious bias, and inclusive leadership in times of crisis. Interactive sessions include dramatizations that prompt conversations long after the programming ends.

This program continues today, with the February 2021 session focused on actionable allyship. Inclusive leadership training has also been expanded to associates and business service professionals.


CLIENT:
COMPANY/FIRM: Citigroup
TESTIMONIAL: “Dechert consistently provides differentiating legal advice, particularly on large, complex transactions.”


CLIENT:
COMPANY/FIRM: Sun Capital
TESTIMONIAL: “The firm did a great job throughout the entire process. They have been proactive and delivered quality advice. As always, a pleasure working with such a great team.”


CLIENT:
COMPANY/FIRM: Credit Suisse
TESTIMONIAL: “We continually have the highest degree of confidence in the work product and coverage of the Dechert team, and they are always a pleasure to work with.”


CLIENT:
COMPANY/FIRM: Saint-Gobain
TESTIMONIAL: “Saint-Gobain frequently turns to Dechert to defend the company in its most consequential, high-stakes litigation in the United States. Their sophistication, depth of experience, and legal creativity – especially in the area of complex mass tort litigation, is simply unrivalled. When the case is unprecedented and alleged to be perilous, there is no better partner to have in the trenches than Dechert.”