Firms To Watch: Rail

At gunnercooke LLP, Clive Smith  is ‘outstanding due to his drafting skills, pragmatism, ability to understand complex deal structures and ability to identify and solve problems that few people understand. He rapidly cuts through nonsense and creates order out of chaos ‘.

Rail in London

Addleshaw Goddard

The team at Addleshaw Goddard is ably co-led by Paul Hirst and Anna Heaton. It has a ‘strong infrastructure practice’ and is renowned for its considerable strength across all areas of the rail sector – this expertise spans advising on operating franchise/concessions, as well as on rolling stock in both the passenger and freight markets. Hirst is highly regarded for his work on operating concessions, franchise and rolling stock procurements. Heaton has a particular specialism in major transport hub led regeneration projects. Simon Gwynne plays a pivotal role in the department – he is known for his significant expertise in rolling stock and other rail assets, both in the UK and internationally. Carla Hancock joined the team from DLA Piper. Hancock has considerable experience across a broad range of transport and infrastructure projects, with a particular focus on both heavy and light rail projects.

Practice head(s):

Paul Hirst; Anna Heaton


Other key lawyers:

Simon Gwynne; Sam Price; Carla Hancock; Michael Rainey


Testimonials

‘An experienced team who have the necessary competencies and experience to deliver top quality work whilst also being hugely approachable, personable and – quite frankly and uniquely – good fun in the process’.

‘A seriously capable team with a welcome informality of approach which puts clients at ease, gives confidence, and results in excellent advice and very accessible and pragmatic drafting’.

‘Throughout the project, we had the pleasure of working with an exceptional team consisting of Sam Price, Paul Hurst, Carla Hancock, and Michael Rainey as well as Simon Gwynne’.

‘It is evident that AG possesses extensive experience and expertise in rolling stock procurement. The team has proven to be incredibly collaborative, always prioritising our specific needs as the client. They have demonstrated a commendable level of flexibility in tailoring their approach to align with our requirements’.

‘Overall, we have had an outstanding experience working with AG on the new trains project. Their professionalism, expertise, and client-centric approach have greatly contributed to our progress thus far. We look forward to continuing our collaboration and achieving further success together‘.

‘Good strength in depth. A number of team members have worked “client side” in the industry, which makes agreeing remits easier and submissions are more suitable for onward communication in the business. Are willing to come “off the fence” when giving advice’.

‘Sam Price – strong experience client side and puts himself in your shoes before giving advice. Good at working in a small, multidisciplinary and focused project team’.

Key clients

Prologis Group Companies


VTG Rail UK Limited


London Luton Airport Limited


ScotRail Trains


Rail Operations Group Limited (“ROG”)


Department for Transport


High Speed Two (HS2) Limited


Greater London Authority / Transport for London


West Yorkshire Combined Authority


West Midlands Combined Authority


Hitachi Rail Limited


MerseyTravel


HS1 Limited


Freightliner Heavy Haul Limited


SMBC


DB Cargo


Transport for Greater Manchester


Qatar Railways Company


Work highlights


  • Advised the Department for Transport on the development and roll out of the new National Rail Contract (replacing franchise agreements).
  • Advising Qatar Railways on its multibillion-pound programme to deliver a new railway line between Qatar and the Kingdom of Saudi Arabia, which is planned to link with Etihad Rail.
  • Advising ScotRail Trains on their rolling stock procurement programme under which they plan to replace 65% of their current train fleet over 10 years and decarbonise their train fleet through a series of procurements commencing in early 2023.

Ashurst

Ashurst has a stellar reputation for its work in the rail sector. It frequently advises on the most complex rail deals involving the acquisition and disposal of rail-related businesses. Under the leadership of Terry van Poortvliet, Mark Elsey and Naomi Horton, it has enjoyed another strong year advising on a myriad of complex issues from rail regulation, systems and signalling issues, through to investment projects and commercial contracts in the rail sector. The nimble team secured some new mandates across the public and the private sectors, and is also highly regarded for its expertise in rail franchising. In addition, the skilled team is involved in some of the most nationally significant infrastructure projects. Another core area of expertise is advising on rolling stock procurement. The first-class team advises the leading players in the rail sector as well as the key industry regulatory bodies. Jamie Illingworth is an experienced senior associate who specialises in all aspects of the rail industry.

Practice head(s):

Terry van Poortvliet; Mark Elsey; Naomi Horton


Other key lawyers:

Jamie Illingworth


Testimonials

‘The rail team at Ashurst are unique in that despite the vast knowledge and experience they have in the sector, their approach is decidedly hands-on’.

‘The quality of work is excellent (as you would expect) but the added value they provide is that they truly take the time to understand our organisation and the challenges we face’.

‘Mark Elsey and Terry van Poortvliet are great to work with – they are always seeking to find solutions to problems, and they deliver advice with a strategic hat on. It makes a refreshing change’.

Key clients

Department for Transport


Keolis


Amey


Transport for London


HS2 Ltd


East West Rail


Docklands Light Railway


Crossrail


Hitachi Rail


National Express


Agility Trains


SNCF


Women in Rail


Railway Children


Transport for Greater Manchester


Work highlights


  • Acting as the lead commercial legal advisers to East West Railway Company Limited (EWR) in relation to the core aspects of their development and delivery of proposals for a strategic railway connecting East Anglia with Central, Southern and Western England, and in particular, the development and operation of a new line linking Oxford and Cambridge.
  • Advising the Department for Transport (“DfT”) on the (i) the development of the Passenger Services Contract (ii) the continuing development of the National Rail Contract (“NRC”) and on the implementation of the fundamental reforms to the UK rail industry contemplated by the Williams Review.
  • Advised TfL, Docklands Light Railway, Tramtrack Croydon Limited and London Underground in respect of a number of rolling stock matters.

Burges Salmon LLP

Burges Salmon LLP has a ‘great practice’ with a large and dedicated rail team, which covers a broad range of specialisms in the rail sector. It has an excellent client base, including some of the UK’s largest train operating groups, and has an excellent track record in franchising and major rolling stock procurements. The group also has a superb reputation for its regulatory and health and safety work. Names to note include Brioney Thomas, who is a known name in public service rail contracting and procurement matters. Ian Tucker garners praise for his work on some of the largest industry sector disputes. Simon Coppen is also well-regarded, along with Chris Jackson. Chris Simms is recommended for his knowledge of all aspects of rail regulation, as well as for his experience in infrastructure finance transactions. Charlotte Whitaker has recently been promoted to the partnership - she frequently advises clients at the incident response phase to multi-fatality health and safety incidents in the railway sector.

Practice head(s):

Ian Tucker; Brioney Thomas; Chris Simms; Philip Beer; Colin Ligman; Ann Metherall; Brian Wong; Chris Jackson; Simon Coppen


Other key lawyers:

Charlotte Whitaker


Testimonials

‘Their key strengths in my opinion are their speed of response combined with a straightforward and pragmatic approach’.

‘The individuals stand out to me because they make themselves part of the client’s team and work to our timescales’.

‘Wide experience with strength in depth in the team’.

‘Simon Coppen brings a wealth of experience and commercial understanding – he has coached the team behind him led by Brioney Thomas over many years’.

‘I really value the friendly, no problem too small approach Burges takes. Just through engagement with the employees, I feel in safe hands and I trust them’.

‘Charlotte is wonderful, she is just a delight to deal with and so knowledgeable about everything she gets involved in. She puts a human side to her work and is able to build rapport super quickly, this automatically builds trust between us’.

‘Great understanding of the sector. An ability to find creative and helpful solutions. Engaging people; Chris Simms, Simon Coppen’.

‘Clear and responsive, excellent depth and specific specialisms within the department. Excellent communicators and diligent in their work’.

Key clients

FirstRail Holdings Limited and contracted subsidiaries including GWR, SWR, Avanti West Coast


Transport for Wales


West Midlands Trains Limited


Transport for London and London Underground Limited


NNB Generation Company (SZC) Limited


Greater Anglia


Evolutionary Rail Limited


Transport for Wales Rail Limited


TransPennine Express Limited


Northern Ireland Railways – Translink


Work highlights


  • Advised Transport for Wales on a range of rail commercial and regulatory matters.
  • Advised West Midlands Trains Limited on the private financing of Tyseley, Bescot and Bletchley depots.

Clifford Chance LLP

Paul Carrington heads the team at Clifford Chance LLP, which frequently works with rail infrastructure bodies, rail sector financiers, manufacturers and rail operators. Carrington specialises in financing, leasing and sales – he has extensive experience in structured finance and corporate restructuring work in the rail sector. The group often works with its first-rate construction and infrastructure teams on various complicated rail projects and construction agreements. It is also known for its skill at handling complex franchising matters and rolling stock procurements. Michael Pearson regularly works on a wide array of major rail projects, both in the UK and internationally. Ranbir Hunjan is another key figure who specialises in asset financing, leasing and banking in the transport sector. Senior associate Dominic Watts is an important member of the rail industry group, who works with operators, ROSCOs, manufacturers and funders on a regular basis.

Practice head(s):

Paul Carrington


Other key lawyers:

Dominic Watts; Ranbir Hunjan; Michael Pearson


Testimonials

‘Very good rail knowledge and excellent lender’s counsel practice. Clarity of summary papers sent to lenders has been first class’.

‘Ranbir Hunjan is understated but very clear in his advice. Takes control of a large room whether in-person or virtual in an authoritative way’.

‘Dominic Watts has an in-depth knowledge of the rail finance sector and is someone you want to be on your side when it comes to technical discussions‘.

Key clients

LGIM


Network Rail


Rock Rail


Aviva


Hitachi


The Royal Bank of Scotland


SMBC


ING


Lombard


EQT Infrastructure


Equitix


Akiem Group


Work highlights


  • Advised the Rock Rail and Abrdn consortium on the EUR450m financing of new Alstom rolling stock, to be leased to DB Regio and deployed on the Main-Weser rail network in Germany.
  • Engaged as international counsel to the prospective lending group to a consortium bidding for participation in the Tel Aviv Light Rail PPP in Israel.
  • Advising Network Rail on all aspects of the most significant telecommunications roll out program in the UK market.

Dentons

The global reach and breadth of Dentons‘s transport practice means that it remains our top choice for international instructions‘. Matthew Hanslip-Ward is at the helm. The team advises on all aspects of the industry ranging from franchises and concessions, projects and infrastructure through to advising on regulations and reform. It is skilled at handling major acquisitions in the rail sector, as well as advising on passenger and freight operations. The group has extensive rolling stock experience and remains busy advising passenger and freight businesses on a diverse range of issues. The London team continues to be involved in various high-profile rail projects around the world. Counsel Martin Watt has particular expertise in rolling stock. Senior associate Jonathan Smith specialises in railway law and regulation and frequently advises on franchising, concessions, rolling stock and commercial contracts. Other key members of the team include Christopher McGee-Osborne who is a known name in the rail and transport sector. Mark Macaulay often advises on significant infrastructure contracts.

Practice head(s):

Matthew Hanslip-Ward


Other key lawyers:

Jonathan Smith; Martin Watt; Christopher McGee-Osborne; Mark Macaulay


Testimonials

‘Detailed knowledge of regulations and legislation regulating the industry, very much able to articulate how they impact commercial enterprises dealing with rail issues. Martin Watt – excellent knowledge’.

Matthew Hanslip-Ward remains one of the steadiest and knowledgeable advisors in the sector. Always on hand to provide measured, yet commercial and practical advice in high-pressure situations‘.

‘Dentons rail practice represented by Matthew Hanslip Ward and Jonathan Smith is a most valuable partner and key advisor for our international rail operations & maintenance business’.

‘Their international experience supported by a global network together with in depth knowledge of the industry is one of their key strengths which we highly value’.

‘Matthew and Jonathan work very effectively with strategic and very practical approaches. Their ability to analyse risks and offer workable solutions is an important value. They are both very responsive, highly flexible, extremely professional and brilliant minds’.

‘The global reach and breadth of Denton’s transport practice means they remain our top choice for international instructions’.

‘Martin Watt -pragmatic approach and responsiveness. Deep industry experience’.

‘Jonathan Smith is like a virtual member of our executive team, supporting us with the trickiest issues and bringing a new perspective to commercial challenges‘.

Key clients

MTR Corporation


Deutsche Bahn


Arriva


Virgin


Stagecoach


Network Rail Infrastructure Limited


Alstom


Transport for London


Mitsui


Rail Delivery Group


MTR Corporation (Crossrail) Limited


GB Railfreight


DB Schenker


DB International Operations


Govia Thameslink


Transdev


Sainsburys


Department for Transport


East West Rail


Work highlights


  • Continuing to work on the £18bn+ Crossrail Elizabeth Line concession and, in particular, negotiation of a two year extension to the concession.
  • Working on the £3bn rolling stock InterCity Express Programme for new client, the Department for Transport, its first win on the new DfT panel.
  • Collaborating with another law firm to work for new client, East West Rail, on the new c.£5 bn railway to be constructed between Cambridge and Oxford (and beyond), representing a strategic new rail connection and the largest of its kind in the market, second only to HS2.

Eversheds Sutherland (International) LLP

Agnes Koko heads a practice at Eversheds Sutherland (International) LLP which is renowned for its expertise in all the key sectors of the rail industry. Its wide-ranging expertise includes advising on franchising/operating contracts, as well as rolling stock and infrastructure. The practice has a strong national offering and is also recognised for its parliamentary and planning expertise. In addition, it is lauded for its international capabilities, as it frequently works on key international projects and has a global focus on concessions and rolling stock issues. Birmingham-based Anne Harris specialises in rail related commercial contracts such as rail franchise agreements, regulated access agreements and rail project procurement related issues. William Spickett is at the Nottingham office and is highly experienced in advising on major transport and infrastructure projects. At the London office, Stephen Collings is a Parliamentary Agent in the Parliamentary & Infrastructure Consenting Team.

Practice head(s):

Agnes Koko


Other key lawyers:

Anne Harris; William Spickett; Stephen Collings


Testimonials

‘An experienced team with a well-established position within the sector’.

‘Capable and extremely diligent with a “can-do” attitude. Have worked extensively with many colleagues within the business but would highlight Agnes Koko and Will Spickett as stand out partners’.

‘Agnes for her ability to combine her legal expertise with commercial nous, and Will for his calm professionalism even when under pressure’.

Key clients

Department for Transport


Deutsche Bahn International Operations GmbH


HS2 Limited


Network Rail Infrastructure Limited


ONxpress Operations Inc


Herbert Smith Freehills LLP

Spearheaded by Gavin Williams, the versatile team at Herbert Smith Freehills LLP covers every aspect of the rail sector. It is skilled at handing the full spectrum of contentious and non-contentious matters, from advising on the development of new railway infrastructure and rolling stock procurement and leasing, through to advising on various regulatory matters. The group is also adept at advising on infrastructure management and operational issues. Tim Briggs frequently advises on the rail regulatory regime as well as on competition, procurement and subsidy control matters. David Nitek is a key partner in the construction and infrastructure disputes practice. Of Counsel, John Williams, has a vast array of experience in the rail sector. Williams is well-placed to advise on the procurement of rolling stock in addition to access/operational issues, and is also recommended for his advice on railway systems and franchise issues.

Practice head(s):

Gavin Williams


Other key lawyers:

John Williams; Tim Briggs; David Nitek


Testimonials

John Williams continues to provide comprehensive knowledge and calm and considered advice. Our team rely on his encyclopaedic knowledge of the sector and ability to get to nub of the matter’.

‘Excellent knowledge base honed over decades which gives them a “feel” for the sector and the issues which come up and an understanding of what really matters to clients in the sector‘.

Key clients

Stagecoach Group


High Speed Two (HS2) Limited


HS1 Limited


East Midland Trains


Transport for London and London Underground


Dalmore Infrastructure


DIF


South West Trains


London Luton Airport Operations Limited


London and North East Railway


Department for Transport/Crown Commercial Service


Ove Arup & Partners International


The Go-Ahead Group


Work highlights


  • Advising High Speed Two on one of the most widely known infrastructure projects in the UK since 2015, including advising on the main works contract for the phase 1 civil works, the procurement of a fleet of high speed rolling stock and associated maintenance services and the defence of procurement claims.
  • Advising AIP Management on all aspects of its acquisition of an equity interest in Cross London Trains – the owner of the rolling stock used to operate Thameslink passenger services.
  • Advising HS1 Limited (HS1) since the inception of the Channel Tunnel Rail Link project in the mid-nineties, including in relation to the changes to the regulatory framework for HS1 stations.

Linklaters LLP

Under the joint leadership of Fiona Hobbs and Charlotte Morgan, the team at Linklaters LLP is well-equipped to handle the full range of transactional work in the rail sector. Areas of expertise span heavy rail (including high speed rail) and light rail. It is also adept at advising on rolling stock, train systems and station real estate. The group continues to assist a wide range of sponsors, lenders, rolling stock companies and governments on various major rail deals. Hobbs has worked closely with government and private sector companies throughout the years, on various large and complex rail projects both in the UK and internationally. Morgan has a vast array of experience in the regulated infrastructure sector. Rasha Sami is another recognised name in this space.

Practice head(s):

Fiona Hobbs; Charlotte Morgan


Other key lawyers:

Rasha Sami


Key clients

Department for Transport


Rio Tinto


Globalvía Inversiones S.A.


HS1 Limited


Work highlights


  • Advised the High Speed Rail Group of the Department for Transport (DfT) in relation to legal matters arising from the design, planning and implementation of the nationally important project to develop a high-speed rail link from London to Birmingham and the North (HS2 Project).
  • Advised on the procurement of rolling stock by the Department for Transport, to replace rolling stock on the East Coast Main Line and Great Western Main Line, respectively.
  • Advised a consortium of Australian bus operator Kinetic and Spanish transport infrastructure group Globalvia on its c. £669m recommended cash offer for London-listed transport provider The Go-Ahead Group plc (“Go-Ahead”)

Stephenson Harwood

The team at Stephenson Harwood is praised for its ‘excellent and thorough understanding of the rail industry’. Furthermore, the group ‘understands the commercial needs of clients’. The dynamic team, which is co-led by Tammy Samuel and Suzanne Tarplee, has substantial rolling stock expertise. The group is well-placed to advise a broad mix of operators, financiers, manufacturers and maintainers on many major UK and international transactions. It also has considerable expertise in access disputes and in arbitration. Other core areas of focus include advising on franchising and concessions, in addition to procurement and regulation. Darren Fodey is a key member of the department – he has substantial knowledge of rail regulation and regulated contracts. Managing associate, Caroline Hooton, is lauded for her advice on the procurement of station facilities management services, station improvement and upgrade projects.

Practice head(s):

Tammy Samuel; Suzanne Tarplee


Other key lawyers:

Darren Fodey; Caroline Hooton


Testimonials

‘Strong industry leading rail practice, well supported by ancillary other practice areas with specialist rail knowledge (such as real estate, commercial litigation)’.

‘Suzanne Tarplee is always on hand to provide best-in-class advice no matter how demanding the time scales have been. By embracing the people and culture of us a client, Suzanne has been unmatched in her ability to understand and deliver tailored legal advice to our needs’.

‘Suzanne Tarplee – incredibly passionate about her work and supporting the rail sector, she is extremely commercially minded and understands the issues that are important and thinks outside of the box. A trusted pair of hands that will always deliver’.

‘The SH has many years of experience in their team. Understanding not just the legal aspects of the industry but also have a good engineering and operational understanding’.

‘The Partners and Associates that we work with are committed, hard working and understanding of the complexities of our business. The stand out individuals that work with us are Tammy Samuel, Suzanne Tarplee and Caroline Hooton’.

‘Suzanne Tarplee is very approachable and deals with everything very calmly and with a minimum of fuss’.

‘Tammy Samuel – amazing client management and business awareness. Caroline Hooton – incredible depth of technical knowledge’.

‘Encyclopaedic knowledge of the rail industry. Passionate and engaged. Always feels like they are on our team’.

Key clients

CAF (Construcciones y Auxiliar de Ferrocarriles)


Abellio Transport Holdings (including all TOCs – Abellio Greater Anglia, Abellio East Midlands, West Midlands Trains, Merseyrail and Abellio ScotRail)


Trenitalia UK Limited


Trenitalia c2c


Arriva Plc


Arriva UK Trains Limited (including all TOCs – Arriva Rail London, CrossCountry, Chiltern, Grand Central)


Lombard North Central plc


Transport for London/London Underground Limited


Northern Trains Limited


LNER


Centrus/Corelink


Varamis Rail


Transport UK Group Limited


Work highlights


  • Advising Transport UK Group on the management buyout of Abellio UK. This was the only rail deal in 2022 where ownership of a rail entity transferred to a UK entity rather than an overseas entity.
  • Advising Transport for London on the regulated rail aspects relating to the opening of the new Elizabeth line railway under London and the concession agreement for the operation of services.
  • Advising Varamis Rail on its proposed asset finance, leasing and regulatory arrangements for refurbishment of an existing passenger fleet to provide a new type of on-rail parcel delivery and freight services.

Allen & Overy LLP

The nimble team at Allen & Overy LLP regularly works on a variety of complex and high value transactions in the rail sector. It has particular expertise in infrastructure (light and heavy rail), concessions and rolling stock. In addition, the London offering is able to draw on the expertise of its other offices globally. Recently, the group has been busy advising on a wide range of transactions including three major rail financings, a rail disposal, as well as a metro PPP. Practice head Jonathan Bevan has extensive experience on domestic and cross-border deals spanning rolling stock procurement, rail infrastructure, regulatory matters, projects, acquisitions and financings. Tim Conduit advises across a broad range of projects and infrastructure related work in the bond, bank and institutional debt markets.

Practice head(s):

Jonathan Bevan


Other key lawyers:

Tim Conduit


Testimonials

‘The team has a very good mix of legal accuracy and pragmatism which helps in getting a transaction closed in an efficient way. They also have very deep financial market understanding’.

‘Most experienced and stand-out partners are Jon Bevan and Tim Conduit’. 

‘Excellent full-service offering (spanning banking, capital markets, rail, tax and litigation) that makes A&O the go-to firm for complex corporate or financing matters. Partner quality is consistently excellent. Market knowledge is invaluable’.

Key clients

Mitsui


Credit Agricole CIB


Eversholt Rail


Alpha Trains


Beacon Rail


Santander


Work highlights


  • Advised Hitachi on all matters related to IEP East and West. It acts for them on all aspects of these two major transactions.
  • Advising the lenders on the £548,000,000 Senior and Holdco financing (on the existing debt platform) including a green hold-co loan for Alpha Trains, the leading rolling stock lessor in Europe.

Bryan Cave Leighton Paisner

‘The flexibility, responsiveness, collaboration and support whenever working with the Bryan Cave Leighton Paisner team continues to be first class – a team that I trust implicitly’. Russell Clifford heads the department, which does a considerable amount of complex rail financing and leasing work, with a particular focus on rolling stock matters. Another strength lies in advising prominent developers and investors, as well as major infrastructure companies, on important rail-related projects. Jason Chamberlain has a wealth of experience in the rail sector. Jamie Wiseman-Clarke acts for financial institutions, lessors, lessees and manufacturers on various domestic and cross-border asset finance transactions. In particular, Wiseman-Clarke specialises in rolling stock leasing, procurement and financing work.

Practice head(s):

Russell Clifford


Other key lawyers:

Jason Chamberlain; Jamie Wiseman-Clarke


Testimonials

‘Breadth and depth of the team and knowledge. Jason Chamberlain has good infrastructure and regulatory knowledge and can be relied upon to pick up the reigns and get the deal done’.

‘The rail team at BCLP is exceptional at supporting us on our front-end commercial projects across different jurisdictions. They are the people I contact when I have an urgent question as they know our business inside out and are always available even at a very short notice’.

‘Jamie is very hands-on. He is exceptionally technically minded and always produces high quality work. He will ensure that no detail, however small, is overlooked’.

‘Jason is our go-to person when we have a complex issue to tackle because he can turn any legal issue, no matter how complicated, into a simple diagram, which anyone in the business can easily understand and follow‘.

‘Russell Clifford who leads the team is highly valued for his strategic advice. His knowledge of the UK rail market is second to none and brings value to our business’.

‘Jason Chamberlain and Jamie Wiseman-Clarke -without exception, their support, responsiveness and collaboration has been consistently reliable. Both Jason and Jamie have an ability to communicate in a manner that is supportive and guides the team’.

‘We deal mostly with Jason Chamberlain, who is patient, thorough and experienced in these areas’.

‘We have used BCLP for many years. Their understanding of the UK rail leasing business is excellent, as is their understanding of where our business sits within this landscape. Our relationship is more partnership than client-supplier’.

Key clients

Angel Trains


Beacon Rail


Heathrow Airport


Transport for London


Magway


Landsec


Alstom Transport


Work highlights


  • Advising Angel Trains in relation to the procurement of train-borne equipment and software as a service to capture video footage and data of Network Rail’s overhead line equipment.
  • Advised Angel Trains on the impact on its rolling stock leasing arrangements of passenger operators’ existing franchise agreements expiring early, including, for example, the Greater Western and East Midlands franchises, and being replaced by direct award franchise agreements in the form of national rail contracts.
  • Advised Beacon Rail on the leasing and procurement of 30 new Stadler locomotives, for operation by GB Railfreight.

CMS

Bill Carr heads the department at CMS, which is well-placed to handle large infrastructure projects. It continues to be active in supporting clients with the procurement of new build rolling stock (and the associated maintenance and spare parts supply arrangements), and with financing rolling stock (including the leasing of rolling stock). It also has substantial expertise in light rail, and in international rail PPPs, and remains busy in the Middle East, in particular. In addition, the group is recommended for its work on an array of contentious matters. David Moore is another key member of the group. Jacqueline Vallat was promoted to the partnership in 2022.

Practice head(s):

Bill Carr


Other key lawyers:

David Moore; Chris Hallam; Jacqueline Vallat


Testimonials

‘Incredibly pragmatic and cost effective expertise. Chris Hallam’.

 

Key clients

Eurostar International


Rock Rail


Mace Ltd and Dragados S.A. JV


KMPG Al Fozan


Etihad Rail


City of Edinburgh Council


Strathclyde Partnership for Transport


University of St Andrews


Edinburgh Tram Limited


Stagecoach


MEAG


Aviva


Sun Life Canada


Deutsche Bank


Patel Engineering Limited


Work highlights


  • Advising Eurostar on the combination of the Eurostar and Thalys business through the setting up of a new holding company in Belgium, Eurostar Group.
  • Advising the lenders on Rock Rail’s Main-Weser network, its first major contract in Germany.
  • Working with KPMG and AECOM in advising The King Fahd Causeway Authority in Saudi Arabia on the development of the $3.5bn King Hamad Causeway, which connects Saudi Arabia and Bahrain.

DLA Piper

The versatile team at DLA Piper advises both private and public sector clients in the rail sector on a wide range of issues. Its strong planning and consenting practice has been busy advising on two large new build rail projects. The group has also been advising on a whole host of other issues relating to rolling stock procurements, rail franchise competitions and wider infrastructure projects. In addition, the practice has detailed knowledge of local government transport legislation and has considerable experience of working on many light rail schemes in the UK. Robert Smith, who is ‘experienced, pragmatic and professional‘, co-heads the department alongside Colin Wilson.

Practice head(s):

Robert Smith; Colin Wilson


Testimonials

‘The practice has a good knowledge of the subject and depth in many different legal areas – which means it is a good one stop shop for all my needs’.

‘Their knowledge of light rail and property matters is very good. We have a long standing PFI contract which they understand inside and out and as a result are able to provide quick efficient and reliable advice on’.

‘Robert Smith – absolutely amazing knowledge of the sector and the level of legal output unrivalled compared to other firms‘.

Key clients

Abellio Transport Holdings Limited


Agility Trains


Department for Transport


East West Railway Company Limited


Hitachi Rail Europe


High Speed Two (HS2) Limited


Nottingham City Council


South Yorkshire Passenger Transport Executive / South Yorkshire Mayoral Combined Authority


Tyne and Wear Passenger Transport Executive (Nexus)


Volkerrail Limited


Work highlights


  • Advising Nexus on their successful implementation of MetroFlow project, a pathfinder project that has expanded the capacity of their light rail system through transfer of underused Network Rail assets.
  • Acting for HS2 in respect of complex environmental, planning and protestor matters for Phase 1 of HS2.
  • Advising on the DfT’s interests in the Elizabeth Line which finally opened to passenger service this year

K&L Gates LLP

‘Overall K&L Gates LLP are a pleasure to work with, cost-effective and provide first class legal advice.’ Led by Matthew Smith, the team garners praise for its expertise in light rail metro and mass transit systems, in particular. It has been active advising on issues such as platform screen doors and complex systems contracts, as well as complicated signalling procurements. It is also well-placed to advise on operational railway issues and on other matters relating to rolling stock. In addition, it is skilled at advising on contracts for transmission based and communication based train control systems. Nicola Ellis is also recommended. 

Practice head(s):

Matthew Smith


Other key lawyers:

Nicola Ellis; Inga Hall; Daniel Lopez de Arroyabe


Testimonials

‘The team possess significant experience in contentious and non-contentious matters. It is equally adept at drafting conditions and dealing with disputes in the UK and internationally. The partner engagement is outstanding’. 

‘Matthew E Smith has a vast amount of experience in rail and works for many of the major players in the sector. He is responsive and gets to the core of a dispute quickly, is a brilliant tactician who provides pragmatic advice to his clients’.

‘Matthew is equally adroit at providing non-contentious advice. He has a calm, measured and pragmatic approach’.

‘Nicola Ellis has a great eye for detail and works seamlessly with clients undertaking complex infrastructure projects. She really knows her stuff and provides excellent advice’.

‘Inga K. Hall has extensive experience in rail and gives excellent, considered advice on contentious and non-contentious matters. She understands the detail of the matter, is never flustered and works tirelessly for her clients.’

‘Overall, K&L Gates LLP are a pleasure to work with, cost-effective and provide first class legal advice’. 

‘Matthew is very impressive he is clever, personable with a breadth of experience and is focussed on the best commercial outcomes for his clients, he is a valued adviser to both the internal legal team and the wider business clients’.

‘Nicola is clever and very knowledgeable, she is great at running projects and works brilliantly with the client teams and is extremely hard working. Dan is a very good lawyer with a great attention to detail’.

Key clients

Hitachi Rail Ltd


Transport for London


Crossrail Ltd


Qatar Rail


Mass Rapid Transit Corporation Sdn Bhd (“MRT Corp”)


Tube Lines Limited


Rail for London Limited


RKH Limited


Norton Rose Fulbright

Andrew Buisson heads the offering at Norton Rose Fulbright. It has a broad client base which includes governments, rail companies, transport authorities, rolling stock owning companies, financiers and train operating companies. In addition, the group is able to draw on a pool of rail specialists from across its other offices globally. The London team has been busy working on various rail and infrastructure projects in the UK, and has also been extensively involved in a number of international projects. Susanna Rogers is another key figure who regularly provides regulatory advice to a variety of stakeholders in the rail sector. Counsel Louise Auty is an asset finance lawyer with extensive rail experience.

Practice head(s):

Andrew Buisson


Other key lawyers:

Louise Auty; Susanna Rogers


Testimonials

‘Global reach in all components – procurement, funding, financing, structuring – from the perspective of both the public sector and private sector’.

Covers experience with critical technical matters such as rolling stock procurement and the complex integration with train control system suppliers’.

Experience also includes both brownfield and greenfield projects’.

‘Depth of experience, high commercial acumen (not just legal), responsive and organised, meets their deliverable commitments and often drives others to do so. Deep bench of precedent transaction experience brings best practices and lessons learned to the project’.

Key clients

Arise Integrated Industrial Platforms Limited


Compagnie des Bauxites de Guinee


NS Groep NV


DB Cargo (UK) Limited


DB Cargo International Limited


GB Railfrieght


Concesionaria Ferrea de Occidente S.A.S.


The City of Ottawa


The Department for Transport (DfT)


Lagos State Government


Metrolinx (Greater Toronto Transportation Authority)


Work highlights


  • Advising Arise Integrated Industrial Platforms Limited on the preparation and negotiation of a suitable rail and port concession agreement for taking over the existing rail and port infrastructure in Sierra Leone.
  • Advising DBC on compensation and mitigation strategies.
  • Advising NS Group NV on the divestment of its UK owned transport business, held through its wholly owned subsidiary, Abellio Transport Group Limited.

Osborne Clarke LLP

Edward Barratt heads the department at Osborne Clarke LLP, which has an impressive client base. The rail team has recently worked on some major mandates on a diverse range of matters such as rolling stock, asset financing and leasing. It has also been busy advising on franchising, concessions and ticketing and fare issues. The group is well-equipped to handle a broad range of contentious issues, as well as advising on state aid and procurement in the rail sector. Other names to note include Lara Burch, who has wide-ranging experience in rail franchising, rolling stock projects and rail regulatory matters. Jeremy Godley is also well-regarded, and has a particular focus on complex regulatory matters.

Practice head(s):

Edward Barratt


Other key lawyers:

Lara Burch; Jeremy Godley


Testimonials

‘The personnel I have been involved with are engaging and thoroughly professional, offering an open and honest opinion on the matters set out before them. They expedite work as needed and provide a prompt and thorough account of issues being handled’.

Efficient and knowledgeable. Cost effective and great people to work with’.

‘Ed Barratt – helpful, bright & very commercial. Good bloke to work with and is sensible when it comes to risks’.

‘Jeremy Godley has a good collaborative style, he comes across well in meetings and is open-minded in meetings to reach an agreement’.

Key clients

Department for Transport


Eversholt Rail Group


Beacon


Transport for London


Siemens


Rail Delivery Group


Office of Rail and Road


National Grid Electricity Distribution


Eurostar International


GLP


Ricardo Rail


BT and EE Limited


KPMG


Work highlights


  • Reappointed to the Department for Transport’s specialist rail panel in February 2022, following a competitive tender.
  • Advising leading rolling stock lessor Beacon as a panel firm, on a variety of innovative and challenging mandates.
  • Advising Siemens Mobility, having worked with them since 2014 on both contentious and non-contentious matters relating to public procurement law.

Pinsent Masons LLP

Under the joint leadership of Jonathan Hart and Robbie Owen, the team at Pinsent Masons LLP covers the entire life cycle of rail assets and projects. It has an excellent parliamentary and planning team which is involved in various large rail and other infrastructure projects. In addition, the group has been working on a number of the mass transit scheme evaluations that are central to the Government’s ‘levelling up’ agenda. Furthermore, its health and safety team is regularly instructed in high-profile and serious incidents in the rail sector. The UK based rail team frequently works with colleagues in other offices on various projects throughout the world.

Practice head(s):

Jonathan Hart; Robbie Owen


Other key lawyers:

Sam Roberts; Andrew Brydon; Sonal Shah; Matthew Fox


Testimonials

‘Excellent technical knowledge – great commercial awareness – solutions driven – good communicators – pragmatic and commercial in approach’.

‘Sam Roberts – very smart, excellent lawyer and very organised. Excellent draftsman and focussed on problem-solving. A talent for the future’.

‘The Pinsent Masons team have been extremely responsive and have excellent knowledge of the rail sector’.

Key clients

Transport Infrastructure Ireland (TII)


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Eiffage Génie Civil


Kier Infrastructure and Overseas Limited


Ferrovial Construction Limited


BAM Nuttall Limited


Balfour Beatty


Vinci


Skanska


Costain


Strabag AG


Eiffage


Bouygues


VolkerFitzpatrick


Sir Robert McAlpine


Ferrovial Agroman


Systra,


Talgo


Gulermark


Medway Council


Northumberland County Council


Volkerrail Story Contracting Joint Venture


Milton Keynes Council


Port of Tilbury London Limited


Coventry City Council


West of England Combined Authority


Transport for London


Tata Chemicals Europe and British Salt Ltd.


EDF


Manchester Airport


The Tatton Estate


United Utilities


Work highlights


  • Advising Transport Infrastructure Ireland on the multi-contract package Dublin Metrolink Project. This scheme, which will revolutionise travel into and out of the city centre is the largest capital project in the history of the Irish state.
  • In relation to HS2 Phase 1 and 2a (London to West Midlands; and West Midlands to Crewe, respectively) the team has been significantly involved with the private sector stakeholders.
  • Advising a variety of clients including Manchester Airport, EDF, United Utilities, Tata Chemicals Europe and the Tatton Estate on the effect of HS2 Phase 2b (Crewe-Manchester) on their operations and land interests.

Womble Bond Dickinson (UK) LLP

Headed by David Rewcastle, the agile team at Womble Bond Dickinson (UK) LLP acts for a range of train operator clients. It also fields a strong rail planning & authorisations team. Rewcastle specialises in rail franchise bids, transfer schemes, rolling stock procurement/leasing and rail infrastructure projects. Paul Coleman is a known name for his work on heavy and light rail franchises and concessions, related mobilisations, rolling stock financing/procurement, modification/maintenance agreements, and rail infrastructure projects. Managing associate Joseph Causer is also highly regarded for his work on a wide range of matters affecting railway businesses. Causer advises both public and private sector clients on a variety of legal, commercial and regulatory issues concerning the rail industry.

Practice head(s):

David Rewcastle


Other key lawyers:

Paul Coleman; Joseph Causer


Testimonials

‘The strength in the rail team at Womble Bond Dickinson is that they are focussed on understanding their clients’ needs beyond the usual legal counsel. They are adept at navigating the commercial nuances of the rail industry and are able to see the larger picture beyond a formal contract/agreement’.

‘The people are friendly and family orientated and are willing to go that little bit extra every time to ensure that the client is happy’.

‘David Rewcastle leads the team and is particularly adept at in all things transport related. His knowledge of the rail industry and client focussed approach gives the client the sense of a warm embrace knowing that their needs are well catered for’.

Key clients

The Go-Ahead Group plc/Govia


Abellio


Govia Thameslink Railway


SE Trains Limited


Arriva


Bombardier


Transdev


London North Eastern Railway


Stadler NoNetwork Rail Infrastructure Limited


Nexus


The Chiltern Railway Company Limited


High Speed Two (HS2) Limited


Work highlights


  • Advising Govia Thameslink Railway on the successful negotiations for a new National Rail Contract with the Department for Transport for the operation of passenger services on the Thameslink, Southern and Great Northern franchise.
  • Advising Southeastern on amendments to the High Speed 1 Passenger Access Terms in respect of the introduction of charging for traction electricity using meters and regenerative braking.
  • Advising Go-Ahead on the change of control procedure in relation to its acquisition by the Australia-based transport company Kinetic Group (51%) and Spanish transport infrastructure company Globalvia (49%).

BDB Pitmans

The skilled team at BDB Pitmans is praised for its ‘ability to distil complex legal matters into language that aligns with the client’s processes and procedures, enabling key decisions to be made with full knowledge and understanding of the risks, costs and programme implications‘. Mark Challis is at the helm. Its primary focus is on planning matters and advising on obtaining authorisations for rail schemes. The group has particular expertise in advising on projects that require development consent orders under the Planning Act 2008. Duncan O’Connor is another prominent member of the practice.

Practice head(s):

Mark Challis


Other key lawyers:

Duncan O’Connor


Testimonials

‘The team are highly engaged, have great sector knowledge and advise in a pragmatic way’.

‘Duncan O’ Connor is very calm and measured, and that gives us great confidence as a client’.

‘Highly experienced and deep knowledge’.

‘Mark Challis – an excellent team leader with a calmness that reassures clients’.

‘The team are both very knowledgeable and down to earth, which is a crucial combination when working together on long-lasting commissions’.

‘Duncan O’Connor is an excellent legal advocate who will always make time to advise on issues, regardless of the scale of complexity. Duncan is also very personable and easy to work with’.

BDB Pitman are collaborative and communicative, with a wealth of industry knowledge and experience. Their teams are diverse, but all share the same ability to instil confidence to the client that you are safe in their hands‘.

‘They are willing to look outside the box to find innovative solutions to complex issues, using their depth of knowledge to deliver value and best practice‘.

Key clients

HS2 Petitioners


East West Railway Company


Transport for London


Northumberland County Council


Network Rail


Transport for Greater Manchester and other authorities


Gowling WLG

Giles Clifford heads the practice at Gowling WLG, which has a strong specialism in rail station development and station upgrades. Other areas of focus include advising on overstation and over track development. The excellent team also has considerable experience of acting for developers and operators of logistics facilities. In addition, it advises a number of rail clients on general and rail-specific aspects of employment, TUPE and pensions issues. Richard Green and Dominic Richardson are also recommended.

Practice head(s):

Giles Clifford


Other key lawyers:

Richard Green; Dominic Richardson


Testimonials

‘The team at Gowling are able to disseminate complex information into easy to understand concepts for their Clients. They are considered and personable in their approach to clients, while offering a robust and unwavering approach in challenging negotiation scenarios’.

‘Giles Clifford is well versed in all aspects of drafting and negotiation. He is thorough and diligent. He is approachable and easy to reach when needed, which as a client seeking to progress matters quickly is important’.

Key clients

Transport for London


Transport for Greater Manchester


London Underground Ltd


Crossrail Ltd


Docklands Light Railway Ltd


Rail for London Ltd NLondon Bus Services Ltd


London Borough of Barnet


GB Railfreight


Ricardo Rail PLC


Office of Rail and Road


Arden Cross Consortium


Railroad Development Corporation


Devon and Cornwall Railways


CRRC Corporation


Bombardier Transportation UK Limited


Arch Co


Tarmac


Alstom Transport UK Limited


 


Work highlights


  • Advised London Borough of Barnet on all rail aspects of the Brent Cross Cricklewood regeneration, including the new Thameslink station.
  • Advised Transport for London on the development agreement with Aviva for over the Crossrail and London Underground lines at Liverpool Street.
  • Acted as Bombardier’s legal adviser on the renegotiation of its manufacture and supply agreement with Angel Trains and Abellio Greater Anglia in relation to the supply of a fleet of Aventra trains for the Greater Anglia network.

Hogan Lovells International LLP

Charles Ford leads the practice at Hogan Lovells International LLP. Recently, Ford has been advising on the Government’s rail reform agenda and the sector’s Covid response. The team has also been instructed on some significant rolling stock acquisitions and financings. Andrew Gallagher is another key figure who has advised lenders, sponsors, and borrowers on a variety of rail projects. Rupert Sydenham heads the firm’s construction and engineering disputes practice in London.

Practice head(s):

Charles Ford


Other key lawyers:

Andrew Gallagher; Rupert Sydenham


Key clients

Cross London Trains


Work highlights


  • Advising Cross London Trains Limited on the £2.5bn Thameslink rolling stock programme.

Winckworth Sherwood LLP

Winckworth Sherwood LLP has a strong track record of advising on a variety of planning, promotion and statutory authorisations for major rail projects. Led by Paul Irving , the group is well-placed to advise on issues relating to the promotion of major railway infrastructure and tramway schemes. It is adept at advising on compulsory purchases and compensation, related property issues, environmental impact assessments and other planning matters. Hazel Anderson also plays a pivotal role in the department.

Practice head(s):

Paul Irving


Other key lawyers:

Hazel Anderson


Testimonials

‘Undisputed experts in their field, highly professional and an absolute pleasure to work with’.

Key clients

Secretary of State for Transport


Crossrail Ltd


High Speed Two (HS2) Ltd


West Midlands Combined Authority


Network Rail


Freeths LLP

Tom Johnson and Michael Bray co-lead the practice at Freeths LLP. It has a broad range of experience in diverse areas such as rolling stock financing, procurement, leasing and maintenance, as well as rail regulation and health and safety issues. Johnson has extensive experience of advising on a wide variety of rail-related matters, both in the UK and internationally.

Practice head(s):

Tom Johnson; Michael Bray


Other key lawyers:

Iain Bowler


Testimonials

‘Our work has been managed by Tom Johnson. He has the combination of substantial experience in these type of transactions and understanding of our business sector, which allows him to support and advise on our negotiations’.

‘I think the team brings different levels of experience and expertise and can rely on each other for support to offer clients an all round legal service’.

‘I have worked with Tom Johnson and sat opposite Iain Bowler, so know them both. What I like is that both operate fairly, whichever side they represent they obviously want the best for their clients’.

‘I am familiar with Tom Johnson from his previous roles at Norton Rose. He is a very capable asset finance lawyer’.

‘Tom Johnson is a very capable and committed asset finance lawyer’.

Key clients

Porterbrook


GB Railfreight


Tronos Limited


Tronos AG


Vivarail Limited


HS1


Crown Commercial Services Public Sector Legal Services, Lot 3


Leicester City Council


Walsall Council


Travis Perkins Group Plc


Work highlights


  • Advising GBRf in relation to the leasing of certain locomotives from A Locomotive Pool Structure 3 Ltd., a subsidiary of Akiem S.A.
  • Advising Vivarail Limited on matters of contractual interpretation arising in relation to a rolling stock purchase contract.
  • Advising Leicester City Council on its ambitious plans to transform the entrance to Leicester’s historic railway station, securing £18m of Government Levelling Up Funding and match funded by a further £5m – £m of local authority monies.

Hugh James

Aled Walters leads a dedicated rail team at Hugh James, which supports rail operators and the wider rail industry on a broad range of issues such as procurement, dispute resolution, construction and project work. It is well-placed to represent major operators, franchises and contractors.

Practice head(s):

Aled Walters


Key clients

Keolis Amey Operations Limited


Transport for Wales Rail Limited


Shoosmiths LLP

The multidisciplinary national rail team at Shoosmiths LLP has a proven track record of supporting rail sector clients across a host of issues. It is skilled at handling a diverse range of issues including employee relations, rail infrastructure projects, and advising on rail safety and incident responses. Practice head Michelle Craven-Faulkner’s experience covers all aspects of contract work relating to rolling stock, light rail projects and underground projects in the UK.

Practice head(s):

Michelle Craven-Faulkner


Other key lawyers:

Michael Bennett


Testimonials

‘Highly recommended, always available, practical and pragmatic solutions are sought even for complex issues’.

‘Michelle Craven – Faulkner has excellent knowledge of the industry. They are very flexible and adjust quickly to new situations’.

‘Shoosmith shows great sensitivity to the position of both parties and are able to balance their advice thoroughly’.

‘Michael Bennett is outstanding in providing realistic and well-balanced advice in the running of disputes’.

‘Shoosmiths’ transport team provide us with an insightful and comprehensive knowledge of the sector that we operate in. Each member of their team has first-hand experience of their discipline and adds significant value to all of our legal activities’.

‘Their counsel is always timely and understanding of our company’s nuances and needs. Of particular note is their AI framework contract reviewing software, which rapidly identifies the key issues for review in large documents, saving our commercial staff much time and effort’.

‘Michelle Craven-Faulkner – always accessible and able to rapidly assimilate new information and provide pertinent advice, she stands out amongst an already impressive group of legal staff. Committed and very hard-working, she is a valuable and highly regarded member of our company’s support network’.

Key clients

Hitachi Rail Limited


ADCOMMS Limited


Gemini Rail


Legacy Rail


Loram UK Limited


Alstom Transportation


Porterbrook Leasing Company Limited


Porterbrook Maintenance Limited


Cellnex Telecom


Mutares


Datum Composites


Davies Wagon Services


Elite KL Limited


M Group Services


WH Davies Group


Infra Safety Services Limited


INIT Innovation Transportation Limited


Sperry Rail International Limited


JC Decaux UK Limited


Work highlights


  • Supporting INIT Innovation Transportation Limited in relation to the creation of multi-party, cross modal ticketing scheme.
  • Providing public procurement advice on potential grounds for challenge in respect of a DfT procurement process.
  • Advising WH Davis on its agreement with Drax Power for the supply of 30 freight wagons capable or carrying biomass.

Watson Farley & Williams LLP

Watson Farley & Williams LLP has a large asset finance practice. It has specialists who cover a broad range of matters across areas such as financing, capital markets, corporate, dispute resolution and regulatory. Clients include lessors, banks and other financiers as well as operators, rolling stock lessors, investors and train operators. Practice head Louise Mor is recommended. Theresa Mohammed joined the team from Trowers & Hamlins LLP in July 2022.

Practice head(s):

Louise Mor


Other key lawyers:

Ryland Ash; Theresa Mohammed


Testimonials

‘Highest quality of personal service; always available to speak whenever I call; never delays with responses to queries and always provides very best advice and options for action’.

‘Ryland Ash has been an outstanding ally and superb advisor in all matters legal, helping us to avoid situations and to take advantage of situations too whenever the opportunity has arisen’.

Key clients

Nexrail


KfW IPEX-Bank GmbH


Alpha Trains Luxembourg S.a r.l


InfraVia Capital Partners


Ermewa


Railpool GmBH


Work highlights


  • Advised a syndicate of lenders and noteholders led by KfW IPEX-Bank GmbH on a €1.07bn financing provided to rolling stock lessor Railpool in a combination of secured bank debt and European private placement notes within its existing common terms financing platform.
  • Advised Alpha Trains on its raising of €548m in a combination of senior and HoldCo level secured bank debt within its existing common terms financing platform.
  • Acted for Ermewa as issuer on an issuance of private placement notes to European and US investors, including a deferred payment tranche.