Firm Profile > Ashurst > London, England

Ashurst
LONDON FRUIT & WOOL EXCHANGE
1 DUVAL SQUARE
LONDON
E1 6PW
England

Corporate and commercial > Private equity: transactions - mid-market deals (up to £250m) Tier 1

Ashurst ‘s ‘accessible, highly responsive and proactive’ team is active in transactions across the mid-market space, acting for UK and US-based private equity houses on both buy-side and sell-side transactions. The team’s expertise covers a wide range of sectors, including defence, financial services, energy, and media. The London private equity team frequently collaborates with other practices, such as tax, employment, and regulatory law, as well as with offices around Europe to provide comprehensive advice on cross-border transactions. David Carter leads the practice, with Bruce Hanton  and Braeden Donnelly other key contacts. New additions to the team include Markjan van Schaardenburgh  who joined from Linklaters LLP.

Practice head(s):

David Carter

Other key lawyers:

Testimonials

‘The Ashurst team brings to due diligence and negotiations a good commercial understanding. The team’s work is thorough and rigorous, but is always informed by a sense of proportion.’

‘Excellent advice. Accessible, highly responsive and proactive. Commercial and strategic. We’ve worked primarily with Dave Carter’s team on a wide range of PE and corporate matters. ‘

‘Dave Carter makes the effort to know his clients well. He understands their strengths and weaknesses and is not afraid to step in when necessary. He is committed to the success not only of their individual investments but also of tbeir firm as a whole.’

‘Dave Carter is a superstar. ‘

Key clients

Agilitas

Framestore

Marco Capital Holdings Limited Management (Marco)

Aurora Energy Research

JPI Media Group

Zander Topco Limited

JC Flowers & Co LLC

QinetiQ Group

HM Treasury

Rothschild & Co

Merrill Lynch

Goldman Sachs

Investment fund formation and management > Fund finance Tier 1

Ashurst has an extensive offering across the fund finance space, combining a regular subscription and capital call practice with innovative work covering facilities such as NAVs, hybrids, ESG financing and pre-capital-call bridge loans. The team is led by Lee Doyle, who advises many of the firm's key lender clients on European and Asian fund financing transactions. Robert Andrews is noted for his expertise across a wide range of 'complex, innovative' facilities, advising financial institutions and funds, while Nick Wong has standout expertise in syndicated loan arrangements and insurance-led financings. Navdeep Benning was promoted to partner in late 2020, and specialises in innovative asset-backed and unsecured structures, GP and co-investment lending, and ESG facilities. The team was further bolstered by the late 2020 arrival of Doug Murning from DLA Piper, which brought significant fund-side expertise and client connections.

Practice head(s):

Lee Doyle

Other key lawyers:

Robert Andrew; Navdeep Benning; Nick Wong; Doug Murning; Briony Holcombe

Testimonials

Long established team and relationship with ourselves. Intimate and commercial knowledge of the fund finance market. Always responsive, and when negotiating, very commercial. They can cope with multiple parallel financings – a key thing for us – and maintain quality.

Navdeep Benning leads the function, with a good balance of control and delegation, and with the obvious thought leadership. Very visible, proactive and commercial. Clearly understands our needs in this market.

Robert Andrews loves a complex, innovative structure! It allows him to flex his intellectual muscle, whilst preserving commercial principles and keeping the solution real for the client.

Robert Andrews – extremely bright and focused on risk mitigation. He comes into his own when considering complex, innovative structures and calls upon Ashurst’s expensive network to support solutions across multiple jurisdictions, particularly Germany.’

‘Briony Holcombe – up and coming, highly competent senior associate – one to watch.

Key clients

ANZ

Barclays

CBA

Citi

DBAG

Inflexion

ING

Investec

Morgan Stanley

NAB

NatWest Markets

RBC

RBS

Scotia

Silicon Valley Bank

SMBC

Société Générale

Standard Chartered

Wells Fargo

Partners Group

Projects, energy and natural resources > Infrastructure Tier 1

The ‘true sector specialists’ at Ashurst are recommended as ‘very commercial lawyers who know their subject area well’, covering the full range of infrastructure work from early stage development through to ongoing asset management. The firm provides M&A, refinancing and contract management services, advising on government, sponsor and lender roles. Key sub-sector specialisms include renewables and energy, transport, social, environment and digital infrastructure - notably data centres, subsea cables, fibre-to-the-home and smart meters. The team is co-led by rail expert Naomi Horton; Mark Elsey, who advises on projects across the EMEA region; M&A specialist Michael Burns; Terry van Poortvliet, who has particular expertise in road PPPs and the rail sector; and Jason Radford, who has experience in the brownfield and greenfield markets. Also active in the area are Patrick Boyle, who specialises in the project financing of infrastructure and renewable energy projects, and Anthony Johnson, who focuses on nuclear, waste to energy, biomass to energy and other renewable energy projects.

Practice head(s):

Naomi Horton; Mark Elsey; Michael Burns; Terry Van Poortvliet; Jason Radford

Other key lawyers:

Testimonials

‘True sector specialists – very commercial lawyers who know their subject area well. Epitomised by their very useful Infrastructure M&A Opportunities Tracker. Proactively reach out on potential M&A opportunities’.

‘Proactive. Enthusiastic. Thinks outside the box. Commercial. Approachable (good partner availability. Jason Radford’s team are really fantastic. He is very commercial, great at handling and supporting us as we work through complex issues and brings in great specialist lawyers where needed. Very clear communication on who in the team is working on what, good updates, they always meet deadlines and work very hard’.

‘Jason Radford – statesman-like, a great communicator, great at managing people, he gets to the nub of the key issues very quickly and finds solutions, he is a great support’.

‘Laura Ho – excellent lawyer, extremely organised and on top of everything. Amazing ability to handle huge quantities of work and many demands, always gets the deal over the line. Totally reliable.  Extremely energetic and proactive approach to work both on execution and in discussing market opportunities’.

‘They have always been very professional and fair and their teams have always been very strong’.

‘Very reliable and always give a good service’.

Key clients

Blackstone Infrastructure Partners

Foresight Energy Infrastructure

BlackRock

Copenhagen Infrastructure Partners

Aberdeen Standard Investments

Equitix

Brookfield Asset Management

Porsche

Biffa plc

KKR

Department for Business, Energy and Industrial Strategy (BEIS)

Department for Transport (DfT)

SMBC

FCC

Meridiam

Ofwat

LNG Hrvatska d.o.o.

Chariot Oil & Gas Limited

Covanta

Projects, energy and natural resources > Oil and gas Tier 1

Ashurst is known for handling big-ticket oil and gas transactions. with the firm advising across both upsteam and midstream matters.  Michael Burns heads the team, which has significant experience on cross-border matters, particularly in the Middle East, as well as advising on petrochemical and decarbonisation deals. Yann Alix remains the key contact for energy and natural resources matters in Africa. Julia Derrick handles project development and commercial contracts, with a focus on upstream oil & gas and LNG, while Huw Thomas has experience of advising on oil and gas reserve-based lending in the EMEA market. Senior associate Quentin Robinson acts on M&A matters in emerging markets. The group is also regularly instructed in contentious work, with head of international arbitration Matthew Saunders handling disputes across the natural resources sector. Elsewhere, former global head of the energy group Geoffrey Picton-Turbervill is now a consultant but remains active in the corporate practice.

DLA Piper fields a ‘strong, committed, hard-working team’ that is singled out for its top-rated energy disputes practice and midstream and downstream oil and gas work. National head of the energy and natural resources group James Carter leads the team, which is skilled in cross-border transactional work across the Middle East and Africa. Counsel Felix Ndi-Obiosa handles project finance and development work, with extensive experience advising on energy and infrastructure projects across Africa, particularly in sub-Saharan Africa. Nacim Bounouara advises lenders and sponsors on power projects across EMEA. On the international arbitration side, Philip Chong leads the Europe team and acts for large oil and gas companies in disputes pertaining to supply and transit. Also of note is Andreas Gunst who is active in LNG and gas pipeline projects in Europe. Dimitri Papaefstratiou left to join Charles Morrison at EY LLP.

Practice head(s):

Michael Burns

Testimonials

‘When our company was faced with the pandemic and financial markets went into meltdown, we needed a law firm we could rely on to be there for us at short notice, who could adapt quickly and produce complex documentation whilst looking for ways to speed up the negotiation process to complete the deal. Ashurst were very impressive, reacting quickly, helping us to understand points raised by the other side, whilst offering solutions.’

‘Michael Burns is full of ideas and opinions. Knows the industry really well.’

‘Julia Derrick – really considerate as to what clients want.  Great on the detail of any given matter.’

‘Julia Derrick is a great lawyer with a strong eye for the details. She knows all the ins and outs and is able to translate complicated matters in topics easy to grasp. Julia provides excellent advice. Clients love her.’

‘Easy to work with, extremely knowledgeable and very pragmatic.’

‘Strong technical advice coupled with understanding the commercial aspects of a deal is what makes Ashurst stand out in this area. The quality in the partnership is also reflected in the well-trained associates, who are knowledgeable, pro-active and able to solve issues. Together this results in a high quality consistent product without wasting time and costs.’

‘They really know oil & gas, in particular UK upstream M&A, better than anyone. Great attention to detail and a quality product.’

‘A high quality offering with depth and great understanding of the energy sector.’

Key clients

bp

Shell

Sasol

Spirit Energy

OMV

EnQuest

Kuwait Petroleum Corporation

Total

INEOS

Siccar Point

Woodside

BHP

Neo Energy

HitecVision

Northleaf Capital

Nephin Energy

Tullow Oil

Aberdeen Standard Investments

Hurricane Energy

JX Nippon

Schlumberger

Rockhopper

Lundin Petroleum

Serica Energy

Brookfield

KKR

Blackrock Global Energy Fund

Mitsui

CNOOC

Porsche

Practice head(s):

James Carter

Other key lawyers:

Philip Chong; Felix Ndi-Obiosa; Andreas Gunst; Christina Lawrence;  Charles Allin; Nacim Bounouara

Testimonials

’Good level of partner engagement and responsiveness. Nacim Bounouara is commercial and works in a constructive way to achieve the best outcome for the project. Felix Ndi-Obiosa is responsive and committed in his approach to getting the deal done.’

‘The Rolls-Royce of city litigation practices – they can staff any case with the best lawyers at the appropriate level, can handle any dispute and have expertise around the world. They readily bring these skills into focus in the oil and gas sector.’

‘ James Carter – very cerebral and good tactical acumen. Charles Allin – capable of running a case like a partner. Great inter-personal skills, huge litigation experience and a natural litigator.’

‘Unique capabilities in dealing with cases that involve complex economic issues. They are also excellent on Russia connected disputes.’

‘Philip Chong and Christina Lawrence are exceptional. They have a deep understanding of energy disputes and a strong commitment to their clients’.

’The lawyers at the firm are approachable and responsive. Generally, the firm is very good at simplifying complex transactions and omitting unnecessary legalese, without compromising quality or creating legal risk. Their approach is solution orientated and business-like, which makes it easy to work with them as a corporate counsel.’

‘Felix Ndi-Obiosa has helped in ensuring a seamless conclusion of the transactions we have worked on together. He is an excellent lawyer who is solution driven and commercially-focused.’

‘DLA have a strong, committed, hard-working team – prepared to put in the extra effort required to ensure that the largest cases and presented effectively. Philip Chong is one of the leading oil and gas lawyers in the market – widely known for his breadth of experience and safe pair of hands. James Carter is sparky and effective.’

Projects, energy and natural resources > Power (including electricity, nuclear and renewables) Tier 1

Ashurst’s multidisciplinary energy group is described as ‘very knowledgeable and commercially astute’, and has notable strength with regards to energy-from-waste projects. The team handles large financings for solar and wind projects, and has seen growth in battery storage mandates. Global co-head of energy Antony Skinner leads the team; Cameron Smith and Nick Stalbow remain the go-to names for waste/bio-mass matters whilst Anthony Johnson provides environmental law expertise and specialises in decarbonisation projects. On the energy disputes side, Matthew Saunders is head of the international arbitration practice and frequently works across emerging markets. Corporate energy transactions are led by Jason Radford, whilst senior associate Lindsey Bouchara advises commercial lenders on financing projects.

Practice head(s):

Antony Skinner; Nick Stalbow

Testimonials

‘Nick Stalbow stands out as the top lawyer in the UK for getting EfW projects to financial close. His ability to get EPC contractors, funders, technical advisors, waste suppliers, insurers, landlords, O&M providers all pointing to the same goal is remarkable. There are very few lawyers that I would call “value add” – Nick is definitely one of them.’

‘They have extensive knowledge of the sector and of precedent transactions. They know the key issues that lenders and counterparties will want covered.’

‘Cameron Smith is fantastic to work with – a very astute and knowledgeable partner.’

‘I work with Antony Skinner and his team. Antony has been lender counsel of several of our financings and is extremely pragmatic and commercial. He wants to get a deal done and is particularly good at working with several banks in a club situation and managing the process effectively. As a borrower looking to control time and costs, this is very valuable.’

‘Cameron Smith was innovative in approaching commercial agreements to ensure it could be bankable. Several agreements were bespoke and had no precedent, and Cameron was able to articulate concepts clearly to help the lenders understand why the approach we took was bankable (and no further negotiations would be needed).’

‘The practice has established itself as a leader in the waste sector and is able to bring knowledge to new projects that speed up execution and the understanding of issues.’

‘Experience in the waste to energy business. Commercially very sound. Very professional during negotiations with our EPC contractors.’

‘The team was very responsive and was staffed appropriately to ensure we were able to meet the financial close target. Ashurst seem to have the right relationships with the other stakeholders to help move the deal forward whenever we encountered an obstacle.’

Key clients

ACWA Power

Blackrock Global Energy Fund

BEIS (Department for Business, Energy & Industrial Strategy)

Brockwell Energy

Covanta

Conrad Energy

Equitix

FCC

Fortum Energy

Green Investment Group

Itochu Corporation

JBIC

Octopus Investments

Real estate > Commercial property: corporate occupiers Tier 1

Ashurst serves as a one-stop shop for development projects, supporting its clients at every stage of major regeneration, logistics, hospitality, life sciences and residential schemes, among others, including the financing, joint venture and construction aspects. The practice also provides a full-service offering on the investment front where it is active on acquisitions, disposal and asset management matters throughout the UK and Europe, including those with international joint venture, capital market and M&A components. Global projects and real estate co-head Sarah Sivyour is extensively experienced in relation to inbound investment into Europe and caters to a client roster which includes Asian institutional investors in addition to North American pension and alternative investment funds. Other prominent names include Tim Regis, a mixed-use residential project specialist, Richard Vernon who holds distinguished expertise in transport-related projects, and David Jones who is a market leader for inbound inward investment from South Korea, having overseen €12bn worth of such transactions over recent years. Henry Moss leads the firm's build-to-rent and private rented sector practice. The final key pillar of the extensive offering is the team’s corporate occupier work which encompasses headquarter leasing, portfolio management and lay-out construction affairs, among other landlord and tenant matters.

Practice head(s):

Sarah Sivyour; David Jones; Richard Vernon; Melanie Jordan

Testimonials

‘Ashurst’s key strength is its commercial approach to transactions which ensures a smooth diligence process. This is critical for complex SPV transactions where we are often looking at value add or development product. The team has great experience and there is always good access to the lead partner.  Ashurst also provides well thought out quotes which they are subsequently able to honour.’

‘David Jones is always available to add his experience and commercial approach to a deal. This is not always the case with competitors where the lead partner is on the periphery of a deal.’

‘John Arey is extremely diligent and has proved critical pushing deals over the line.’

‘Ashurst bring great depth, knowledge and experience of the sector and of comparable transactions to the table which has proved invaluable in completing our deal.’

‘Tim Regis brings a commercial understanding to very complex negotiations and has a great intuition for unlocking problems.’

‘Ashurst is very good at mapping out potential scenarios in complex situations. They also have a way of deciphering the legal jargon, distilling it down to the key details making it far easier as a client to understand. As a client this is invaluable when weighing risk and helps you make well informed decisions.’

‘David Jones leads an excellent team in London, he is reactive and co-ordinates actively with ease at all levels in the organisation. It feels like bespoke tailoring.’

‘Tim Regis provides a can-do novel approach to property transactions in what has been a buyers’ market.’

‘Sarah Sivyour is really outstanding at her job, her advice is clear and commercial and we have developed a very strong and trusting relationship with her.’

‘Ashurst successfully match the task to the legal resource with partner oversight ensuring appropriate skills and experience for the work without excessive cost. Across the team working on our account we have a range of legal resources that provide for that.’

Key clients

BP

IBM

Invesco

IBK Securities

Vestas Management

M&G

Hyundai

Real estate > Commercial property: development Tier 1

Ashurst serves as a one-stop shop for development projects, supporting its clients at every stage of major regeneration, logistics, hospitality, life sciences and residential schemes, among others, including the financing, joint venture and construction aspects. The practice also provides a full-service offering on the investment front where it is active on acquisitions, disposal and asset management matters throughout the UK and Europe, including those with international joint venture, capital market and M&A components. Global projects and real estate co-head Sarah Sivyour is extensively experienced in relation to inbound investment into Europe and caters to a client roster which includes Asian institutional investors in addition to North American pension and alternative investment funds. Other prominent names include Tim Regis, a mixed-use residential project specialist, Richard Vernon who holds distinguished expertise in transport-related projects, and David Jones who is a market leader for inbound inward investment from South Korea, having overseen €12bn worth of such transactions over recent years. Henry Moss leads the firm's build-to-rent and private rented sector practice. The final key pillar of the extensive offering is the team’s corporate occupier work which encompasses headquarter leasing, portfolio management and lay-out construction affairs, among other landlord and tenant matters.

Practice head(s):

Sarah Sivyour; David Jones; Richard Vernon; Melanie Jordan

Other key lawyers:

Jamie Chapman; Henry Moss; Tim Regis

Testimonials

‘Ashurst’s key strength is its commercial approach to transactions which ensures a smooth diligence process. This is critical for complex SPV transactions where we are often looking at value add or development product. The team has great experience and there is always good access to the lead partner.  Ashurst also provides well thought out quotes which they are subsequently able to honour.’

‘David Jones is always available to add his experience and commercial approach to a deal. This is not always the case with competitors where the lead partner is on the periphery of a deal.’

‘John Arey is extremely diligent and has proved critical pushing deals over the line.’

‘Ashurst bring great depth, knowledge and experience of the sector and of comparable transactions to the table which has proved invaluable in completing our deal.’

‘Tim Regis brings a commercial understanding to very complex negotiations and has a great intuition for unlocking problems.’

‘Ashurst is very good at mapping out potential scenarios in complex situations. They also have a way of deciphering the legal jargon, distilling it down to the key details making it far easier as a client to understand. As a client this is invaluable when weighing risk and helps you make well informed decisions.’

‘David Jones leads an excellent team in London, he is reactive and co-ordinates actively with ease at all levels in the organisation. It feels like bespoke tailoring.’

‘Tim Regis provides a can-do novel approach to property transactions in what has been a buyers’ market.’

‘Sarah Sivyour is really outstanding at her job, her advice is clear and commercial and we have developed a very strong and trusting relationship with her.’

‘Ashurst successfully match the task to the legal resource with partner oversight ensuring appropriate skills and experience for the work without excessive cost. Across the team working on our account we have a range of legal resources that provide for that.’

Key clients

Stanhope

Lendlease

Transport for London -British Library

Connected Living

Partners Group

Telford Homes (CBRE)

Grosvenor

Oxford Properties

bp

Berkeley Group

Oxford West End Developments

Invesco Real Estate

Crossrail

Old Oak and Park Royal Development Corporation

Unibail Rodamco Westfield

Hammerson

Balfour Beatty

Morgan Sindall

Norges Bank Real Estate Management

Countryside

British Land

Transport > Rail Tier 1

Known for its expertise in franchising, as well as advising on emergency recovery measure agreements, the team at Ashurst deals with complex rail matters for all the major actors in rail sector, both in London across the UK. The team is also highly experienced in projects and infrastructure work. The 'sharp and focused' Terence Van Poortvliet focuses on franchising, rolling stock procurement, and infrastructure development; Mark Elsey has advised on a series of major rail projects in the UK, including HS2, East West Rail and Crossrail; Naomi Horton is an expert in commercial contracts and rail infrastructure projects and has 'unrivalled rail knowledge'. Jonathan Turner has advised TfL and DLR on rolling stock projects and franchise matters.

Practice head(s):

Terry van Poortvliet; Mark Elsey; Naomi Horton

Other key lawyers:

Jonathan Turner; Jamie Illingworth

Testimonials

‘They are technically superb. Very easy to deal with and extremely responsive.  Their advice is pragmatic and when they need to make a point they do so without being patronising. They speak in simple language and don’t try to impress us with their knowledge.  We really feel they get it.’

‘Mark Elsey – technically excellent, his commercial and solutions-driven approach is a refreshing change.’

‘Ashurst has been heavily involved in the rail sector since pre-privatisation.  They act for a range of clients in the sector. As a result they have a real in-depth knowledge and understanding of all parts of the sector, the issues that impact on it, where it has been and where it is going. They have an excellent understanding of us, where we sit in the sector and where we want to be.  These attributes are what we want from our advisers.’

‘Terry van Poortvliet – sharp and focused. Has the ability to get to the nub of the issues and provide effective solutions.

‘James Illingworth – really impressive for a senior associate, very considered and always provides pragmatic advice.’

‘Naomi Horton understands the rail sector. She is proactive and delivers sound commercial advice in a user friendly way.’

‘Naomi Horton and Jonathan Turner are both excellent. Their knowledge and experience of the rail sector is exceptional. They provide practical advice and offer solutions to problems and novel situations.’

‘They understand the context, the objectives and constraints of their client very well. The team complement each other. They are great lawyers who clearly have a passion for their speciality but still great respect for the other specialties. A diverse team is a team made of individuals that think differently. I felt we definitely had that within the Ashurst team.’

Key clients

Crossrail Ltd

Transport for London

Amey Keolis Infrastructure / Seilwaith Amey Keolis Limited

Keolis Amey Operations / Gweithrediadau Keolis Amery Limited

Department for Transport

East West Rail Company

Hitachi

City of Edinburgh Council (CEC)

National Express

Women in Rail (Pro bono client)

Railway Children (Pro bono client)

Angel Trains

Agility Trains

West Coast Partnership

Abellio

Virgin Rail Group

Stagecoach

SNCF

Docklands Light Railway

HS2 Limited

Corporate and commercial > Commercial contracts Tier 2

As part of the firm's wider digital economy practice, Ashurst's commercial team acts on high-value, bet-the-shop commercial mandates including collaborative partnerships, supply agreements and strategic services contracts, among others. The group leverages the firm's sector specialisms to act for a varied client base encompassing clients in the energy, manufacturing, financial services, infrastructure and technology industries. Nick Elverston leads the digital economy group and Christopher Bates heads up the commercial contracts practice, which also fields David Futter, who focuses on the financial services industry, and senior associate Richard Holmes, who leads the team in Glasgow.

Practice head(s):

Christopher Bates; Nick Elverston

Other key lawyers:

Testimonials

‘On the ball, really good team.’

‘The team is very well organised and super capable. In particular, they are very good at bringing in specialist expertise in related areas (such as real estate, or litigation) to ensure all bases are covered.’

‘Chris Bates -very helpful and approachable, able to cut through jargon, negotiated well for us. Clearly has expertise in the area.’

‘Chris Bates – great guy, very hard working, sensible advice, responsive.’

‘Christopher Bates is very knowledgeable and experienced and brings a great deal of assurance with his advice.’

Key clients

McLaren Racing/VentilatorChallengeUK

British Business Bank plc

The Polish Ministry of Digital Affairs (acting through the European Bank of Reconstruction and Development)

Goldman Sachs

Lafarge Holcim

Babcock International Group

HM Government/UK Treasury

Sopra Steria Limited

Nomura International PLC

Prudential PLC

Shawbrook Bank

Transport for London

Kier Group

QinetiQ

BP plc

DXC Technology

General Nuclear System Ltd

NM Rothschild & Sons

Barclays Bank

IHS Markit

Corporate and commercial > Equity capital markets – mid-large cap Tier 2

Ashurst's equity capital markets practice attracts work involving a number of key sectors including the mining, oil and gas, healthcare, technology, real estate and real estate fund industries. Reflective of the firm's strong pedigree, it advises a wide variety of stakeholders on their most complex mandates, including issuers, shareholders, bulge-bracket investment banks and brokerage firms. In 2020, Simon BullockStuart Rubin and others acted for Jefferies International Limited, Carnegie Investment Bank and DNB Markets as managers on an SEK300m equity fundraising by Swedish research-based pharmaceuticals company Camurus. In addition, Bullock and others advised National Express Group Plc on its £235m equity capital raising. The firm has also seen a steady flow of IPO work. Jeffrey Johnson, who made partner in May 2021, has US securities law expertise, as do Rubin and Jennifer Schneck. Nicholas Holmes is another key figure in the team.

Practice head(s):

Nicholas Holmes; Jennifer Schneck; Stuart Rubin

Other key lawyers:

Testimonials

We always have very good experiences with Ashurst. They deliver real partner attention and have excellent, attentive and efficient associates.’

Nicholas Holmes is among my first calls when I have a difficult situation. He is a thought leader in the sector and understands the issues and the latest market practice.’

We mainly use Nicholas Holmes. Nicholas is an excellent lawyer and can be relied upon to give a robust view on tricky legal issues. He is always available for calls and visible on transactions.’

Key clients

Goldman Sachs

Morgan Stanley

Softcat

Jefferies

Barclays

Bank of America Merrill Lynch

Numis

EnQuest

Citi

Credit Suisse

Chesnara

Tritax EuroBox

Time Out Group

J.P. Morgan

Interserve

Peel Hunt

Deutsche Bank

Liberum

AVEVA

Lamprell

National Express Group

Stifel

Corporate and commercial > Equity capital markets – small-mid cap Tier 2

Ashurst's equity capital markets practice attracts work involving a number of key sectors, including the mining, oil and gas, healthcare, technology, real estate and real estate fund industries. Reflective of the firm's strong pedigree, it advises a wide variety of stakeholders on complex mandates, including issuers, shareholders, bulge-bracket investment banks and brokerage firms. In 2020, Simon Bullock, Stuart Rubin and others acted for Jefferies International Limited, Carnegie Investment Bank and DNB Markets as managers on a SEK300m equity fundraising by Swedish research-based pharmaceuticals company Camurus. In addition, Bullock and others advised National Express Group Plc on its £235m equity capital raising, and the firm has also seen a steady flow of IPO work. Jeffrey Johnson, who made partner in May 2021, has US securities law expertise, as does Rubin and Jennifer Schneck. Nicholas Holmes is another key figure in the team.

Practice head(s):

Nicholas Holmes; Jennifer Schneck

Other key lawyers:

Testimonials

We always have very good experiences with Ashurst. They deliver real partner attention and have excellent, attentive and efficient associates.’

Nicholas Holmes is among my first calls when I have a difficult situation. He is a thought leader in the sector and understands the issues and the latest market practice.’

We mainly use Nicholas Holmes. Nicholas is an excellent lawyer and can be relied upon to give a robust view on tricky legal issues. He is always available for calls and visible on transactions.’

Key clients

Goldman Sachs

Morgan Stanley

Softcat

Jefferies

Barclays

Bank of America Merrill Lynch

Numis

EnQuest

Citi

Credit Suisse

Chesnara

Tritax EuroBox

Time Out Group

J.P. Morgan

Interserve

Peel Hunt

Deutsche Bank

Liberum

AVEVA

Lamprell

National Express Group

Stifel

Corporate and commercial > VAT and indirect tax Tier 2

Ashurst has a 'hardworking and technically knowledgeable' VAT and stamp duty land tax (SDLT) practice. The team showcases in-depth real estate sector expertise and advises on real estate acquisitions, financing, investment and development. Practice head Simon Swann has 'an encyclopaedic knowledge of SDLT'; he is a member of the Stamp Taxes Practitioners' Group and the British Property Federation's VAT Committee. Alexander Cox is another key individual to note and is 'highly recommended' for matters relating to equity, mezzanine and real estate funds. Nicholas Gardner also has a strong focus on private equity and Paul Miller advises on the tax aspects of debt capital markets, securitisations and structured finance products. Tim Gummer has particular expertise in real estate and oil and gas taxation.

Practice head(s):

Simon Swann

Testimonials

Simon Swann has an encyclopaedic knowledge of SDLT. Tim Gummer and Paul Miller are very strong on VAT, especially in the real estate sector. The team is very responsive and extremely knowledgeable. Bills are always as predicted.’

We have worked with the Ashurst tax team for well over ten years and across corporate tax, employment tax, VAT and stamp duty for a variety of different transactions, both domestic and international. Technically, the team are extremely strong, not just on tax but on understanding all the other factors impacting on the end result. Commercially, they understand our business and our objectives, tailoring their advice accordingly. They communicate well internally to ensure the wider Ashurst team is well informed and are a pleasure to work with from a personal perspective. The team is well respected by their peers at other firms and by senior counsel.’

Alex Cox is truly excellent from a technical and commercial perspective as well as being a pleasure to work with. Alex understands what we are aiming to achieve and his advice is always spot on. Very highly recommended!

The team we deal with is hardworking and technically knowledgeable, but they also advise with regard to the wider context of a scenario. This results in advice that is pragmatic and useful rather than being just what the letter of the law says. The team also proactively monitors for developments that might be relevant to our business and sends updates in addition to a commentary on the potential impact.’

Key clients

Balfour Beatty

Hastings Insurance

Thomas Cook – Hotels 4 U

Legacy Gala Coral companies

Ocean Finance (Paul Newey)

Eurazeo and Arax Properties

Telford Homes

Dispute resolution > Banking litigation: investment and retail Tier 2

'Accustomed to big-ticket, high profile litigation', Ashurst's contentious financial services group is popular among financial institutions and their employees in banking litigation, investigations, disciplinary proceedings and regulatory enforcement action. Practice head Lynn Dunne focuses on financial institutions disputes including banking and contentious regulatory disputes and insolvency and restructuring disputes. Other names to note include James Levy and the 'outstanding' Edward Sparrow, who remains as a senior consultant at the practice; both have a breadth of experience in banking disputes.

Practice head(s):

Lynn Dunne

Other key lawyers:

Jon Gale; James Levy; Edward Sparrow; Anna Varga

Testimonials

Lynn Dunne is a standout litigator; she knows what her clients objectives are and how to achieve them.

Edward Sparrow is outstanding, highly experienced, calm and reassuring.’

Excellent knowledge and experience of the sector.

Accustomed to big-ticket, high profile litigation instructions. Have a big engine room to drive arbitration and litigation to the conclusion.’

Lynn Dunne: very gifted and works well in complementary practice areas. A real tour de force, but a pleasure to deal with.

Lynn Dunne is excellent and understands what I need as a client. Work is carried out to a high standard and within budget, with the right amount of client engagement. I trust Lynn and the team to carry out targeted and proportionate investigation work in the context of threatened litigation (with serious and sensitive allegations) with a careful mind to the degree of risk involved and without seeking to needlessly expand on instructions for the sake of generating more income.’

Key clients

Bank of England

BNP Paribas

British Business Park plc

Close Bothers Asset Management

Commerzbank

Credit Suisse

Daiwa Capital Markets Europe Limited

NatWest Markets Europe Limited

NRAM Limited

Premium Credit Limited

Dispute resolution > Tax litigation and investigations Tier 2

Ashurst has a 'formidable tax litigation' practice, particularly in the areas of VAT litigation, indirect tax, employment taxes and EU state aid. Clients praise the team for being 'utterly professional', 'hardworking and technically knowledgeable'. Key industries of expertise include financial services, energy, resources, infrastructure and real estate. Practice head Nicholas Gardner is 'extremely good' at handling disputes involving HMRC and his practice covers both direct and indirect taxation, as does Alexander Cox, who is 'very highly recommended' and 'commercial'. Cox has particular expertise advising on the tax aspects of fund formation, M&A, private equity, corporate disposals and reconstructions. Paul Miller has strong financial services industry expertise. Senior associate Sara Mardell is another key individual.

Practice head(s):

Nicholas Gardner

Other key lawyers:

Paul Miller; Alexander Cox; Sara Mardell; Shayaan Zaraq Bari

Testimonials

Alex Cox is very highly recommended. He is commercial, thinks outside the box, has in-depth technical knowledge across the taxes. He is also a pleasure to work with.’

The team we deal with is hardworking and technically knowledgeable, but they also advise with regard to the wider context of a scenario. This results in advice that is pragmatic and useful, rather than being just what the letter of the law says.

I have worked with Nicholas Gardner, partner, on two significant cases: one in the First-tier Tax Tribunal and the other in the Supreme Court. Nick was extremely good, both at dealing with significant volumes of documents and evidence and at navigating complex procedural rules.’

Utterly professional. One of the most formidable tax litigation teams operating in the market today. Their attention to detail and commitment to the case is astounding; illustrated by their level of success. They are an absolute joy to work with.’

Nick Gardner and Alex Cox, both partners in the tax team, have phenomenal technical knowledge. They also lead the team by example; they have a tireless work-ethic and will ensure that nothing is left to chance. Availability is never an issue, and their experience brings real value to the team. Sara Mardell, a senior associate in the tax team, is almost certainly a star of the future. She stands head and shoulders above her peers. She inspires confidence in both clients and the rest of the team.’

A really detailed and intelligent appreciation of the workings of the tax tribunals with great resources and an in depth knowledge and expertise in tax – great combination.’

Paul Miller and Sara Mardell are an excellent team. Clever, practical, totally reliable.’

Key clients

London Clubs Management

Imperial Brands PLC

Thomas Cook Group – Hotels 4 U

The legacy Gala Coral companies

Ocean Finance

Hastings Insurance Services Limited

Oxford Instruments

Finance > Bank lending: investment grade debt and syndicated loans Tier 2

Benefiting from 'an excellent understanding of the bank market', Ashurst is well-placed to provide 'strong technical yet commercial advice' in the context of big-ticket syndicated corporate lending transactions, as well as event-driven financings. Nicholas Moore is 'very switched on regarding market developments' and has been a vital member of the firm's LIBOR transition team, as well as being very active for borrowers and lenders on sustainability-linked loans. Tim Rennie co-heads the investment grade lending practice alongside Moore and is a vital member of the team that also includes many 'well-trained, knowledgeable and proactive associates', including Briony Holcombe and Darren Phelan.

Practice head(s):

Nicholas Moore; Tim Rennie

Other key lawyers:

Testimonials

The firm has an excellent understanding of the bank market and interaction between lenders, providing exceptional experience and knowledge in managing the complex situations that arise from time to time.’

The team provides strong technical yet commercial advice.’

The quality in the partnership is also reflected in the well-trained, knowledgeable and proactive associates, who are able to solve issues.’

When our company was faced with the pandemic and financial markets went into meltdown, we needed a law firm we could rely on to be there for us at short notice, who could adapt quickly and produce complex documentation whilst looking for ways to speed up the negotiation process to complete the deal.’

Nicholas Moore is very switched on regarding market developments, and a pleasure to work with.’

Nicholas Moore together with his senior associate Briony Holcombe were very impressive, reacting quickly, helping us to understand points raised by the other side whilst offering solutions.’ 

Key clients

NatWest

HSBC

Santander

Lundin Energy

Lazard

McLaren

ICG

AVEVA Group plc

Tritax Big Box REIT

Tritax EuroBox plc

Finance > Debt capital markets Tier 2

'Although a smaller team than some, the team definitely punches above its weight and has exceptional legal and market knowledge', says a client of Ashurst. The firm frequently advises corporate issuers on Eurobond and equity-linked bonds, and its recent work on hybrid bonds includes assisting BP plc with a $12bn offering. The firm also assists global financial institutions, among them Barclays and Citibank, as underwriters or on their own treasury and funding activities. Anna Delgado, who is 'thoughtful but tenacious in getting the best for her clients', leads the five-partner practice. Alexander Biles, who provides 'thoughtful and clear advice that is always a few steps ahead' and led the BP deal, is a key adviser on a vast array of DCM transactions. Senior consultant Francis Kucera is a renowned name in sovereign bond issuance, much of his work involving emerging markets issuance. Malcolm Charles is the key specialist for trustee and agent market participants.

Practice head(s):

Anna Delgado

Other key lawyers:

Testimonials

‘The team is well experienced in corporate trust deals and approaches each transaction with detail and commercial rationales in mind.’

‘Although a smaller team than some, the Ashurst DCM team definitely punches above its weight. Exceptional legal and market knowledge provided by personable and approachable lawyers. There is a real sense that we work in partnership with this team on any transactions that they advise us upon.’

‘Anna Delgado is always the first person to turn to. Thoughtful but tenacious in getting the best for her clients. Great legal knowledge – and complete focused on the important points. I don’t think anything is too difficult for Anna.’

‘Alex Biles is excellent all around. Very responsive. Thoughtful and clear advice that is always a few steps ahead.’

‘The team is uniquely commercial, down-to-earth and approachable, which is rather rare in the industry. It is always possible to have a frank and relaxed conversation, where the legal jargon is broken down and made accessible to the client.’

‘Alex Biles is an expert in his field, whilst being very approachable and down-to-earth with his clients. It is always possible to have a quick and frank discussion about any legal topic, without feeling intimidated or unsure about the legal concepts raised during the discussion, which is a frequent issue with senior legal advisers.’

‘Having worked with the team on a number of projects over the past few years I feel 100% confident in their work, support and advice. There is always the feeling that they are completely on top of all of the key issues, and keeping me informed but not overloading me unnecessarily – so that when we do have issues to discuss I know what is key. When we are facing anything new, whether a new transaction or just a technical issue, they draw upon their experience elsewhere in the market to guide us.’

‘From a personal point of view alone I have built up a good relationship and rapport with key members of the team – and in the midst of a heavy workload, deadlines and sometimes technical issues, it is nice to have a friendly face or voice at the end of the phone. It makes the process so much easier and I have learnt a lot from the team. As my main partner and associate contacts, Anna Delgado and Alexandra Eastwell are excellent and I know I can rely on their guidance as well as their calm, methodical approach when things get busy or close to a deadline.’

Key clients

ALD

ANZ

Barclays

BP plc

Citibank

Credit Suisse

Dexia Credit Local

HSBC

Intermediate Capital Group

Lloyds Bank plc

National Express

NatWest Markets

Nomura

Renewi plc

Santander

Shawbrook Group plc

Swedbank

Tritax

WM Morrison Supermarkets plc

Finance > Derivatives and structured products Tier 2

Ashurst has one of the largest structured finance teams in London and it handles the full range of OTC derivatives and securitised derivatives, as well as asset repackaging and risk transfer transactions. The firm has ‘a solid finance practice and great depth in the derivatives and traded products space‘. Michael Logie is the head of global markets, in which the derivatives and structured products team resides. Clients remark that he is ‘an immensely experienced practitioner with a good eye for regulatory issues‘. James Coiley has a broad practice encompassing credit and other fixed income derivatives, repacks, TRS and other collateralised funding structures. Jonathan Haines is a leading adviser to major dealers on OTC derivatives. The firm also has a raft of up-and-coming partners in commodity and corporate equity derivatives specialist Kerion Ball, the ‘thoughtful and thoroughJames Knight and structured products expert Jasmine Tiw. Senior associate Jeffrey Yow frequently assists global investment banks with structured products programmes for both retail and wholesale markets.

Clients remark that the capital markets and derivatives group at CMS is 'highly responsive with deals staffed with experienced derivatives lawyers', among them practice head Will Dibble and key structured finance partner Jason Brooks. The firm frequently advises leading global investment banks on retail structured products, with Dibble, Brooks and Michael Cavers regarded as market-leading experts. The firm also handles repackaging transactions for clients such as Deutsche Bank, Morgan Stanley and Rand Merchant Bank, as well as advising on proprietary indices, credit derivatives, insurance credit risk mitigation, equity derivatives, repos and securities lending. Dibble and Cavers recently advised JP Morgan on retail structured products issuance, including notes, warrants and certificates across a range of asset classes. James Parker, Mike Munro and Thomas Lockley are acknowledged leaders in the pensions and longevity risk transfer market, having assisted the likes of Pension Insurance Corporation on high-value transactions. Derivatives specialist Jason Harding also plays a key role in the practice.

Practice head(s):

Michael Logie

Other key lawyers:

Testimonials

‘Ashurst has a solid finance practice and great depth in the derivatives and traded products space. It has the expertise in the product segments needed be they OTC derivatives, securities financing transactions and regulatory work. Developing talent in COVID times is indeed challenging but the impression is that at times, the skill level of some associates might be better managed. The global footprint is good particularly in the developed markets. When advice was required in jurisdictions where they do not have an office, it was efficiently managed.’

‘Kerion Ball is our primary contact. He has solid expertise and is thoughtful in his advice giving. He has assisted on both project related work as well as transactional deal doing. He is an engaged partner, available and open to discuss issues – he wants to help and values the client relationship. Jonathan Haines is very able technically and can distill complex legal issues to their essence.’

‘The team combines a high degree of expertise with good transactions skills and very competitive pricing.’

‘Mike Logie is an immensely experienced practitioner with a great deal of product expertise and a good eye for regulatory issues that we would not otherwise considered. He is well supported by a team of able associates.’

‘Very responsive, great communication skills, strong technical expertise and brilliant customer care.’

‘Ability to leverage other departments to provide a cross-product service which enables us in term to service our clients. Lots of technological innovations in the space of amendment template generation which mean we can use data to conduct large repapering exercises rather than necessitating expensive due diligence exercises.’

‘James Knight is thoughtful and thorough in his advice with an eye on pragmatism. Troy Pickard-Taylor brings energy to even the most mundane tasks helping to generate a feeling of being in it together.’

‘Michael Logie, Jeffrey Yow. They make you feel like you’re their no.1 client, no matter how busy they might be. Great availability, responsive, commercial in advice and approach to dealing with a problem.’

Key clients

Barclays

BNP Paribas

Citibank

Credit Agricole

Credit Suisse

Goldman Sachs

Société Générale

Lloyds

Natixis

Nomura

UBS

DE Shaw

Goldentree

Pacific Alliance Group

Blackstone

Oak Hill Advisors

International Capital Group

Parian Global Management

Hannover Re

Aviva Investors

Standard Aberdeen

Insight Investment Management

Practice head(s):

Will Dibble

Testimonials

‘Highly responsive with deals staffed with experienced derivatives lawyers. One never has the feeling that we are subsidising the training of their juniors. CMS understand our needs when it comes to complex documentation, but flow business.’

‘Will Dibble and Jason Brooks have built a very flexible offering. Matters have always been delivered on budget avoiding the cost surprises that others seem to enjoy throwing in at the end of a deal once it has priced! They just get it with respect to complex documentation, and flow business.’

‘They have demonstrated an efficient and modern approach, whilst offering clear technical advice when called for.’

‘Jason Brooks has a very broad knowledge across the derivatives and structured finance disciplines. He is willing to cater for different products and different stakeholder requirements with respect to them.’

‘Very strong partners who are commercially astute, highly experienced, and client-focused.’

‘Will Dibble’s enthusiasm for his subject inspires great confidence. Jason Brooks’ commercial insights and dedication to client service are unsurpassed.’

‘Jason Harding has an in-depth knowledge of ISDAs and we feel in safe hands with him. He can answer any questions we throw at him and explain complex matters in simple terms. Jason is friendly and has a good sense of humour – it is always a pleasure to speak with him. We very much appreciate the add-ons he gives to us and feel like we are a valued client.’

‘A high level of technical expertise combined with pragmatic advice, and individuals are able to straggle both legal and regulatory issues which is not always the case in other firms. Particular expertise in derivatives and structuring and drafting of index strategies.’

Key clients

J.P Morgan Securities plc (and LLC in NY, (Asia Pacific) in Hong Kong and Tokyo)

Deutsche Bank

Morgan Stanley

Standard Bank of South Africa

BrokerCredit Service

Commerzbank

BNPP

Rand Merchant Bank

Pension Insurance Corporation

BA Pensions

Alfa Bank

InvestAD

UniCredit

Finance > Islamic finance Tier 2

Ashurst's group in London, which works closely with colleagues in the firm's Jeddah and Riyadh offices, advises financial institutions on matters such as those involving shari'ah-compliant lending, fintech and capital markets. Senior associate Conor Funston is building a solid practice involving Islamic finance issues associated with fintech and debt capital markets. Funston works closely with Ida Mokhtassi, who is noted for Islamic securitisation transactions. Tax expert Simon Swann has experience in shari'ah-compliant real estate tax structures. In 2021, former practice head Abradat Kamalpour left the firm to join Jones Day's San Francisco office.

Other key lawyers:

Testimonials

A creative and commercial team.’

Key clients

Fortress Investment Group and Cyrus Capital

BNP Paribas

Nomura International PLC

EFG Hermes

Crypton Digital Assets

Tokeny Luxembourg

UK Turkey Intergovernmental Working Group

Finance > Securitisation Tier 2

Ashurst continues to build momentum in its securitisation practice, which was formed in 2018, and it already counts key players as clients, among them Santander UK, BNP Paribas and Bank of America. The practice is 'quietly impressive and has gained a place with the big players' and clients describe the partners as 'very knowledgeable and commercial'. The firm handles a broad range of transactions, including CMBS, RMBS, credit card, auto loan and trade receivables deals. Key partner Jonathan Walsh has more than 30 years' experience and is 'a legend in the industry'. Thomas Picton is 'a rising star, very understated and approachable, whilst delivering on-point practical advice in a succinct manner'. He recently assisted arrangers and lead managers on one of the first UK public buy-to-let deals to go to market following the Covid-19 outbreak. Malcolm Charles is a specialist in corporate trust and agency work.

Practice head(s):

Jonathan Walsh; Thomas Picton; Malcolm Charles

Testimonials

‘Very reliable, great value for money. An excellent team and always incredibly helpful.’

‘Jonathan Walsh, in particular, is such a legend in the industry and a great source of knowledge. He gives great comfort on deals.’

‘Knowledge, craftsmanship and personal commitment of the partners, as well as a good network.’

‘Jonathan Walsh has outstanding experience and is fully engaged on the transactions. He provides impartial advice.’

‘The Ashurst securitisation practice is quietly impressive and has gained a place with the big players. The team is very knowledgeable and commercial, the delivery of advice is very to the point and understated – which is rare in this complex area. The team is always available and approachable and any topic, however complex, can be discussed rather quickly and simply – which is another rarity in this legal industry. The law is approached in a logical and reasonable manner, and applied commercially and efficiently.’

‘Tom Picton is a rising star in this practice – he is very understated and approachable, whilst delivering on-point practical advice in a succinct manner, without much fanfare or elaboration, which is extremely appreciated by clients in this complex (and sometimes stuffy) area.’

‘Prompt and clear direction delivered in a business-like manner.’

‘The firm has a willingness to engage positively with our team and to take on board our focus points.’

Key clients

Shawbrook Bank

Aldermore Bank

Santander UK plc

Lloyds Bank Corporate Markets

Praetura Asset Finance Group Limited

BNP Paribas

Banco Santander SA

Keystone Property Finance

Bank of America

Glenhawk Financial Services Limited

Commerzbank

PSA Finance UK Limited

Duologi Finance/Specialist Lending Limited

Industry focus > Emerging markets Tier 2

Ashurst has a long track record in advising major corporates, financial institutions and governments on projects, financings, capital markets work, corporate transactions and disputes in emerging markets. Project finance matters have been the mainstay of its work for more than 30 years, and the firm has expanded its infrastructure development and finance practice in recent years. Its work spans Africa, Central and Eastern Europe, the CIS, the Middle East and Asia, with its recent work pushing further into China, India, Russia and Indonesia, as well as the broader regions of Africa. Global head of corporate Jason Radford, global co-head of projects Joss Dare, international arbitration lead Matthew Saunders, leader of the firm's Africa group Yann Alix, head of Africa project finance Matthew Wood, leader of the India group Richard Gubbins and lead partner for Russia and the CIS Sergei Ostrovsky form the core of the London emerging markets practice.

Practice head(s):

Jason Radford; Joss Dare; Matthew Saunders; Yann Alix; Matthew Wood; Richard Gubbins; Sergei Ostrovsky

Key clients

China Development Bank

Facebook

JBIC

J P Morgan Securities

Managem

ONE Dyas

Petra Diamonds

Rockhopper

Schlemmer Group

SMFG

Insurance > Insurance: corporate and regulatory Tier 2

Ashurst advises many of the largest life and general insurers and reinsurers on their most complex, strategically significant and business-critical issues. It also acts for other market participants, including financial services groups and private equity investors. Adam Levitt leads the team in London, which works with other offices across the network as part of a global insurance practice. The group's diverse work portfolio covers M&A and part VII insurance portfolio transfers, product development, distribution and alternative risk transfer arrangements, among other matters. Recent highlights included Levitt, James Perry, senior associate Jacob Gold and others acting for JC Flowers on an $800m joint investment alongside other investors in Inigo Limited, which is a new insurer in the Lloyd's of London market. Senior associate Akiko Morioka is another key individual.

Practice head(s):

Adam Levitt

Other key lawyers:

Testimonials

This insurance team always delivers, you can place your trust in and rely on them. They cover the range of the market getting the most complex insurance related corporate and regulatory matters done. They are progressive, practical, commercial and technically excellent. They are impressive as a team and individually, and I have no hesitation is saying you want them by your side.’

Apart from the legal, corporate and transactional excellence, this is a team full of people who are a pleasure to work with. Adam Levitt is a leading light in the industry who never ceases to impress. Akiko Morioko is excellent.

Very strong on regulation and pragmatic about implementation.’

Adam Levitt is a stand out partner, both technically and as a project manager.’

The team are knowledgeable, dedicated and always available.

Adam Levitt is an expert in the UK insurance market.’

Key clients

Chesnara

Generali

Global Aerospace

Guardian

Hawthorne Life

JC Flowers

Lloyds Bank Plc

MetLife

Pacific Life

Punter Southall Group

RGA

Swiss Re

UIA Insurance

Investment fund formation and management > Real estate funds Tier 2

Ashurst advises on the full range of real estate funds matters, which includes handling fund formation and investment mandates for asset managers and major institutional investors. Its team is knowledgeable about a wide range of structures, including club deals, single-country and global funds, opportunistic and value-add strategies. The team is integrated globally, and works with tax and regulatory experts on complex mandates. Also notable is that the firm has a specialised REIT team. Piers Warburton heads up the practice, working closely with key fund manager clients. Nick Goddard and Nicola Hopkins are also key contributors, working with sponsor and investor clients on high-value raisings and investments. Catherine Gokah was promoted to partner in mid-2021, and is noted for her work with institutional investors.

Practice head(s):

Piers Warburton

Key clients

BP Investment Management

CapMan

Coutts & Co Ltd

Equitix

Foresight Group LLP

Savills Investment Management

Tritax

Vestas Investment Management

Projects, energy and natural resources > Mining and minerals Tier 2

Ashurst’s mining practice group has expertise operating in the African and Latin American markets. Overseen by London-based global mining team co-chair Yann Alix, the team advises mining companies on project development, financings and corporate acquisitions. Matthew Wood heads the African project financing group and acts for lenders, sponsors and states across the energy and natural resources area. Richard de Carle bolstered the practice after joining from Slaughter and May in March 2020, and brings with him over two decades of international experience in corporate finance work. The team fields mining experts qualified in both England and Wales and France who are well equipped to handle cross-border mandates.

Practice head(s):

Yann Alix

Other key lawyers:

Key clients

Anglo American

Petra Diamonds Limited

Rusal

Managem

Sherritt International Corporation

Newcrest Mining

Iluka Resources

Société des Mines de Fer de Guinée (SMFG)

Real estate > Commercial property: investment Tier 2

Ashurst serves as a one-stop shop for development projects, supporting its clients at every stage of major regeneration, logistics, hospitality, life sciences and residential schemes, among others, including the financing, joint venture and construction aspects. The practice also provides a full-service offering on the investment front where it is active on acquisitions, disposal and asset management matters throughout the UK and Europe, including those with international joint venture, capital market and M&A components. Global projects and real estate co-head Sarah Sivyour is extensively experienced in relation to inbound investment into Europe and caters to a client roster which includes Asian institutional investors in addition to North American pension and alternative investment funds. Other prominent names include Tim Regis, a mixed-use residential project specialist, Richard Vernon who holds distinguished expertise in transport-related projects, and David Jones who is a market leader for inbound inward investment from South Korea, having overseen €12bn worth of such transactions over recent years. Henry Moss leads the firm's build-to-rent and private rented sector practice. The final key pillar of the extensive offering is the team’s corporate occupier work which encompasses headquarter leasing, portfolio management and lay-out construction affairs, among other landlord and tenant matters.

Practice head(s):

Sarah Sivyour; David Jones; Richard Vernon; Melanie Jordan

Other key lawyers:

Testimonials

‘Ashurst’s key strength is its commercial approach to transactions which ensures a smooth diligence process. This is critical for complex SPV transactions where we are often looking at value add or development product. The team has great experience and there is always good access to the lead partner.  Ashurst also provides well thought out quotes which they are subsequently able to honour.’

‘David Jones is always available to add his experience and commercial approach to a deal. This is not always the case with competitors where the lead partner is on the periphery of a deal.’

‘John Arey is extremely diligent and has proved critical pushing deals over the line.’

‘Ashurst bring great depth, knowledge and experience of the sector and of comparable transactions to the table which has proved invaluable in completing our deal.’

‘Tim Regis brings a commercial understanding to very complex negotiations and has a great intuition for unlocking problems.’

‘Ashurst is very good at mapping out potential scenarios in complex situations. They also have a way of deciphering the legal jargon, distilling it down to the key details making it far easier as a client to understand. As a client this is invaluable when weighing risk and helps you make well informed decisions.’

‘David Jones leads an excellent team in London, he is reactive and co-ordinates actively with ease at all levels in the organisation. It feels like bespoke tailoring.’

‘Tim Regis provides a can-do novel approach to property transactions in what has been a buyers’ market.’

‘Sarah Sivyour is really outstanding at her job, her advice is clear and commercial and we have developed a very strong and trusting relationship with her.’

‘Ashurst successfully match the task to the legal resource with partner oversight ensuring appropriate skills and experience for the work without excessive cost. Across the team working on our account we have a range of legal resources that provide for that.’

Key clients

Oxford Properties

Panattoni

Capitaland

Invesco Real Estate

Tritax and Delancey

Hines

La Francaise

Vestas Investment Management

Savills Investment Management

The Valesco Group

Arax Properties

Knight Frank Investment Management

Goldman Sachs

McLaren

ADNOC

bp

Samsung SRA

Samsung Securities

Mirae

Meritz

AIP Asset Management

JR AMC

LB Asset Management

Korean Investment Management

Korea Investment & Securities

KB Securities

Hana Financial

Kildare Partners

Norges Bank Real Estate Management

Almacantar

Oaktree

Blackstone

Varde

Apollo

Davidson Kempner

Real estate > Construction: contentious Tier 2

Ashurst's contentious practice acts for domestic sponsors, funders and contractors in a range of cases, particularly those related to distressed projects. It is known for supporting clients in disputes concerning infrastructure and commercial real estate matters, including high-value PFI  projects. Beyond that, it offers experience with international arbitrations, with an emphasis on those involving complex projects. Tom Duncan leads the team, with recent experience including disputes regarding energy-from-waste projects. Dyfan Owen and Simon Bromwich are also highly regarded. The 'knowledgeable and very personable' Owen advises energy and engineering clients, while Bromwich is known for his expertise in the resources and infrastructure sector. The 'commercially mindedMadeleine Pope was promoted to partner in May 2021.

Practice head(s):

Tom Duncan

Testimonials

‘The Ashurst team has huge experience and knowledge of PFI and renewable energy construction disputes. The contentious team works very well with the non-contentious team to provide high-value advice.’

‘Madeleine Pope stands out. She is very commercially minded and gives very sensible advice.’

‘Dyfan Owen is very knowledgeable and very personable.’

‘Ashurst stands out for the consistently high quality of its solicitors. They have been of an incredibly high level across the board, both in terms of quality of output, but also providing sensible and perceptive advice.’

‘The quality of lawyering is superb. Deadlines are always met. The use of counsel is minimal and only where appropriate. They work very closely with us – there isn’t the usual excuse that certain matters are commercial issues that they won’t concern themselves with. They are a pleasure to work with.’

‘The team at Ashurst that I have been engaged with are diligent, accurate and thorough. They collaborate effectively in understand what I and our clients are seeking to achieve and turn around actions and tasks quickly. They are also effective in developing strategic plans for dispute management and are honest in their responses and advice regarding strengths and weaknesses of cases and points of argument.’

‘Highly responsive. They provide good general advice as well as in relation to specific legal and contractual advice.’

‘Simon Bromwich is highly experienced and knowledgable.’

Key clients

Balfour Beatty

British Land

Covanta Energy

Interserve Construction

Lendlease Construction

Stagecoach Group

Transport for London

Renewi

Brockwell Energy

Worcestershire County Council

Real estate > Construction: non-contentious Tier 2

The non-contentious construction team at Ashurst provides advisory services to a number of national and international developers, with expertise across a number of construction sectors, particularly build-to-rent, logistics, transportation infrastructure and energy-from-waste. The team is also advising on a number of domestic real estate projects and on procurement agreements for international infrastructure developments. Ben Patton and Matthew Bool co-head the practice, with Bool advising on office and mixed-use developments in London and Patton providing strategic procurement advice on the firm's larger projects. Senior associates Chris Whitehouse and Lauren Morrison are also recommended, with Whitehouse focusing on drafting for infrastructure projects and Morrison advising domestic and international investors on a number of real estate projects.

Practice head(s):

Ben Patton; Matthew Bool

Other key lawyers:

Testimonials

‘A key strength of the practice is to provide advice that is highly commercial as well as technically sound. This has always included a sharp eye on how the market is evolving and what clauses can be seen as standard. ‘

‘Matthew Bool supports his team when needed but gives them enough room to develop, provides advice in plain English and is always on hand to take calls.’

‘Strong associates and support members but with continued presence from partners.’

‘Lauren Morrison has grit, determination and is genuinely passionate about everything she does. She doesn’t let things go which is an admirable quality.’

‘Very responsive and efficient – a good example for the profession.’

‘Lauren Morrison and Matthew Bool are consistent in all ways and offer as much attention to detail on small appointments as large-value contracts.’

‘Excellent client relationship management – proactive and able to provide all specialist support.’

Key clients

Lendlease

Balfour Beatty

Mitsui

Covanta Energy

Abu Dhabi National Oil Company (ADNOC)

Aviva

FCC

DWS

Countryside

British Land

Hines

St Paul’s School

Interserve

Hyundai

ACWA Power

Transport for London (Crossrail and Silvertown Tunnel)

Westfield (now Unibail Rodamco Westfield)

Invesco

Virgin Media

The Rolex Watch Company Limited

Panattoni

Quadrant Estates

Oaktree

Candour Group / Tristan Capital

The Berkeley Group

Cain International

H&M Hennes

Lovell Partnerships

Mountview Academy of Theatre Arts

Macquarie/Green Investment Bank

Connect Plus M25 Limited

City of Edinburgh Council

Storey

Connected Living

Conrad Energy Holdings Limited

CITIC

GAW Capital

KR1-Limited

WRM Group

Real estate > Planning Tier 2

Ashurst's broad planning practice spans the public and private sector and all forms of development, including major infrastructure projects. Its strength in housing development is reflected by its diverse client base of property developers, local authorities, investors and landowners; most notably, the team has received new instructions from The Crown Estate. Trevor Goode is well known for advising on major regeneration projects and is heavily involved in public sector work for the GLA. He co-heads the practice with Claire Dutch, who has extensive experience of all aspects of planning law and maintains a number of key client relationships. The team also includes other practitioners with experience of planning and infrastructure agreements, public inquiries and associated litigation; these are areas in which senior associates Charlie Reid and Ben Groves are recommended.

Practice head(s):

Trevor Goode; Claire Dutch

Other key lawyers:

Testimonials

‘The planning team is experienced, efficient and effective, which can provide advice to all sorts of issues and queries a developer may face in the UK property market.’

‘The approachability and accessibility of the team I work with is really strong. Being able to get quick and efficient answers to queries is really helpful, especially on projects where we need to coordinate responses to shared clients.’

‘I would say that Ashurst is one of the top firms I work with. They give clear and consistent advice, are strong negotiators and are enjoyable to work with.’

‘Claire Dutch is an exceptional planning lawyer and an extremely good communicator.’

‘Trevor Goode is one of the most trustworthy planning lawyers in the industry, whenever tricky planning-related legal issues arise, he is always the first external consultant we would go for.’

‘Charlie Reid’s attention to detail and his quick understanding of other aspects of client’s commercial or even technical issue takes his advice beyond the planning and legal realm, which is often very helpful too.’

Key clients

Grosvenor

Lendlease

McLaren

The GLA and TfL

The Berkeley Group

The Crown Estate

Qatari Diar

Ballymore

Redrow

Aviva

Real estate > Property litigation Tier 2

Many of Ashurst's recent instructions have stemmed from commercial real estate portfolio transactions, including associated insolvency-related matters, on the one hand and from commercial landlord and tenant relationships on the other. In the latter space, the 'extremely knowledgeable' team led by Alison Hardy, who is highlighted for her 'analytical mind', frequently assists with service charge disputes and rent arrears matters, while other work includes assisting with break options, contractual disputes and dilapidation claims. The team's rights to light expertise is called upon in transactional settings and as part of development-related instructions. Clients include investors, developers and occupiers, and landowners instruct the team in Electronic Communications Code-related disputes.

Practice head(s):

Alison Hardy

Other key lawyers:

Mark Race

Testimonials

Ashurst has always proved extremely knowledgeable in dealings I have had with them over the years, particularly in the specialist industry in which I work. Their turnaround on providing advice makes them dependable and a safe pair of hands.

I worked very closely with Alison Hardy, a partner at the firm, and I found her to be incredibly supportive in my preparation for a hearing. Alison’s extreme dedication and commitment to ensuring that our team had the best chance possible at the hearing was extraordinary.’

Alison Hardy has a very analytical mind and understood and digested copious amounts of background technical information in a very timely manner with such close attention to detail.

The Ashurst property litigation team is extremely knowledgeable in all areas. The team provides strategic and commercially focused advice. They are very supportive and work to very tight deadlines. I would highly recommend them.

Well integrated with their real estate colleagues. Very down to earth and willing to go the extra mile to get an issue sorted. Clients receive extra value from their training and updates.

Communication and availability was exceptional, as was the advice given.

Alison Hardy is clear and clever, and very hands-on for a top-rated partner.

Led by Alison Hardy the team has found a new vigour. They are commercial, driven and highly polished, diverse and innovative.

Key clients

The Official Receiver acting as liquidator of the Thomas Cook Group

IBM United Kingdom Limited

H&M Hennes & Mauritz Limited

The Berkeley Group

DWS Alternative Global Limited (formerly Deutsche Asset Management)

Hines UK Limited (the UK arm of the US property company)

Norges Bank Investment Management Limited (part of the Norwegian sovereign wealth fund)

Tritax Assets LLP

Augean Plc

Mitsui

Ghelamco

Bective Leslie Marsh

EP Kilroot Limited

Great Portland Estates plc

Transport for London and its subsidiary Docklands Light Railway Limited

TMT (technology, media and telecoms) > Fintech Tier 2

Ashurst is seen as a first port of call by fintech innovators and financial institutions, with it having an excellent reputation in cutting-edge and transformational fintech projects. It offers a fintech legal labs programme, which is highlighted for ‘bringing some outstanding companies together from around the world, and also refreshing views of businesses that are not seen elsewhere’. The team draws on strengths from a number of practice areas, including finance, competition, corporate, disputes, employment and tax. David Futter co-heads the fintech practice with Tara Waters, who has notable expertise in new technologies. In 2020, Jonathan Cohen joined from Clyde & Co LLP, and in another development, Bradley Rice was promoted to partner. Etay Katz joined from Allen & Overy LLP in May 2021.

Practice head(s):

David Futter; Tara Waters

Other key lawyers:

Testimonials

‘Bradley Rice is very responsive and provides pragmatic advice around cryptocurrencies.’

‘I was astonished how deeply the whole team engaged with our project and understood such an innovative space like digital assets and cryptocurrencies.’

‘Tara Waters is like no other partner in law firm I have come across; she is so well tuned to the needs and resources of a start-up in the fintech space.’

‘The team is well-organised, precise and tech/business-savvy.’

‘Besides their profound knowledge, they also have great connections in Europe and the United States.’

‘Comprehensive legal knowledge paired with business and market insights make this team unique and highly efficient.’

‘The team comprises well-experienced and knowledgeable experts who complement each other.’

‘They are up-to-date and seem to take on head-first any task, regardless of its size and complexity, and produce a terrific product.’

Key clients

British Business Bank

FundRE

Islamic Finance Guru

Hamilton Capital Holdings

VBI Capital

Diginex

Touco

Neverstone

Ramp Swaps

Asto Digital (powered by Santander)

Crypton Digital Assets

eToro Money

Goldman Sachs Marcus

Heyman AI

Monument Bank

Nomisma Exchange

Nomura

District34

Online Giving (dba Enthuse)

Step Ladder

Spark Change

TMT (technology, media and telecoms) > IT and telecoms Tier 2

Ashurst focuses primarily on assisting clients with the corporate and commercial aspects of major technology and telecoms projects. It is also well-known for its expertise in competition litigation, IP law and the regulatory aspects of complex initiatives in the field. Nick Elverston leads the firm's Digital Economy Transactions group, handling high-profile telecommunications transactions on a multijurisdictional basis. Amanda Hale is another core member of the digital economy team, with a particular focus on strategic infrastructure and service arrangements, alliances and joint ventures. Christopher Bates is a key member of the IT team, with a strong track record of advising clients on major procurements and outsourcing transactions. David Futter stands out for assisting government departments on the procurement of critical infrastructure for the development of new products and services.

Practice head(s):

Nick Elverston; Amanda Hale; Christopher Bates

Other key lawyers:

Testimonials

‘This team is one of the most concentrated group of TMT experts I’ve ever worked with. Every member of the team brings expertise and depth. They also continuously look to be at the forefront of new technology projects and they’re comfortable providing legal advice and analysis in uncharted waters (e.g., cryptocurrency, AI and machine learning).’

‘Christopher Bates is one of the most commercial-minded lawyers. He is laser focused on helping clients achieve their business outcomes while providing expert analysis and legal advice. He is tireless when it comes to meeting and exceeding client expectations and the work product he (and his team) provide is always crisp and on-point.’ 

‘Nick Elverston has unparalleled experience in the telco space and he is an expert in both the legal and technical business of telco projects. He isn’t afraid of taking on big ideas and is always looking for new solutions to legal challenges. Many lawyers are uncomfortable in circumstances that they haven’t seen before but Nick embraces new challenges in a way that is really refreshing.’

‘The team from Ashurst has been a delight to work with, bringing a wealth of relevant knowledge and experience, while ensuring continual communication.’

Key clients

Arenko Cleantech

British Business Bank plc

John Laing

Komainu Holdings

Liverpool City Region Combined Authority

Macquarie Capital

McLaren Group

Monument Bank

Ascential

Asto Digital (part of Santander UK)

Babcock International Group plc

BAI Communications

BRC Global Standards

Brookfield Infrastructure

China General Nuclear Power Corporation

Digital Colony

DXC

Facebook

Goldman Sachs

Google

Grosvenor Limited

HM Government/UK Treasury

Hyperoptic

National Express

NEX

NM Rothschild

Nomura International PLC

Polish Ministry of Digital Affairs (acting through the European Bank of Reconstruction and Development)

Sopra Steria Limited

State Street Bank & Trust Company

TalkTalk

Telxius Telecom S.A.

Three (Hutchison3G UK Limited)

Virgin Media

WorldPay

02

Corporate and commercial > Corporate tax Tier 3

Ashurst has a broad client offering that covers domestic and international tax frameworks and advises on a range of direct and indirect tax implications, ranging from corporation tax to VAT and stamp duty land tax issues. Practice head Alexander Cox has considerable experience of private equity, mezzanine and real estate funds, while Simon Swann has extensive expertise in corporate tax issues, with a strong focus on real estate tax. Other key names include Paul Miller, who is 'very knowledgeable' of the financial services sector; and Nicholas Gardner, who has expertise in the energy, transport, infrastructure and real estate sectors. Corporate tax partner Tim Gummer is also recommended.

Practice head(s):

Alexander Cox

Testimonials

They respond very quickly and they are very knowledgeable in the subject matter that we have hired them for. Most of the answers or opinions are fairly comprehensive and with high level of certainty.’

The team is pragmatic and pro-active in their approach and focused on getting the right answer for their client.’

Simon Swann is a go to person for advice on real estate tax issues. He carefully explains his advice, with its rationale and advantages and highlights potential pitfalls. His support team are good at taking forward the advice.’

Alex Cox is an all round adviser, his tax advice is clear and precise.’

Paul Miller is the tax partner that we generally work with. He is very knowledgeable and very responsive to our questions.’

Key clients

Thomas Cook – Alix Partners

AVEVA

BP

McLaren

La Francaise

Vestas Investment Management / Savills Investment Management

Hines

Carluccio’s

Arax Properties and Eurazeo

British Business Bank

FCC

Tritax

Inflexion Private Equity

Korean Investment & Securities, IGIS and Knight Frank Asset Management

Samsung Securities, Kendall Square Asset Management and Roebuck Asset Management

Hana Financial, STIC Alternative and Roebuck Asset Management

Intermediate Capital Group PLC

JPI Media Limited

Lendlease

Berkeley Homes

Agilitas

QinetiQ PLC

Corporate and commercial > EU and competition Tier 3

Ashurst has longstanding experience in the competition field and the team continues to include a number of experienced partners who advise across a range of issues. Nigel Parr and Euan Burrows respectively lead the global and EMEA practices. The former, described as 'without doubt the best competition lawyer in Europe' by one client, assists with complex merger control issues, while the latter provides coordinated state aid, competition, procurement and merger control advice in relations to large transport and infrastructure projects. Duncan Liddell is another key partner, having assisted a number of multinational finance institutions with investigations into anti-competitive conduct.

Marjorie Holmes and Ross Mackenzie lead Reed Smith LLP's competition group, which handles multijurisdictional merger filings, compliance, FDI and investigations. The group has been particularly busy in 2020 and 2021 advising clients on whether strategies to manage the issues caused by the Covid-19 pandemic are compatible with competition law.

Practice head(s):

Nigel Parr; Euan Burrows

Other key lawyers:

Duncan Liddell; Neil Cuninghame; Steven Vaz; David Wirth; Tom Punton

Testimonials

This team provides really clear advice and are extremely responsive. They understand our business well

Nigel Parr is without doubt the best competition lawyer in Europe. His advice is outstanding, timely and delivered in an extremely pleasant manner. Absolute delight to work with Nigel. However, the team really stands out in that you also get outstanding service delivered in the same phenomenal way by his entire team, notably Steven Vaz and the economists David Wirth and Tom Punton. Ashurst really is our go-to lawyers whenever we have complicated matters and we even use them outside their own jurisdiction in some cases. More junior people are also very clever and nice to work with.’

They are simply better than the competition – better and clearer advice, faster, better drafted, more comprehensive etc. Even massive merger tasks are completed in record time and with outstanding results. The availability, even of the top partners, is outstanding.

We work primarily with Nigel Parr and Steven Vaz. Both are very knowledgeable and thorough, keeping us appraised of timelines and activity. We appreciate that they highlight what matters and manage the process without our needing to manage them. In highly complex competition matters, their knowledge of the intricacies has allowed us to focus on big picture issues while they manage the fit with the law. Highly recommend them for international matters where application of familiar competition concepts need to be applied under local law.’

Key clients

Ryder

Intel

Royal Mail Group

Circle Health

AVEVA Group Plc

Medreich Plc

Bank of America

PPL Corporation

AMP Capital Investors

Cardtronics

IHS Markit

Practice head(s):

Marjorie Holmes; Ross Mackenzie

Other key lawyers:

Emma Weeden

Testimonials

Marjorie Holmes has a long and outstanding insight into container liner shipping consortia and EU competition law matters which only very few lawyers have.’

Great depth of knowledge and extremely engaged and responsive associates within the team.’

A uniquely commercial approach which is ideal for clients.’

Marjorie Holmes has unbeatable experience and sectoral expertise.’

Corporate and commercial > Financial services: contentious Tier 3

Ashurst's contentious financial services group is known for handling high-stakes instructions for financial institutions and corporates before the FCA, financial reporting council and the payment services regulator. The group also handles internal investigations, often arising from allegations against senior managers. The team benefits from market abuse and competition law capabilities. Head of the EMEA dispute resolution practice, Tom Connor takes the lead, with a strong focus on internal and regulatory investigations. David Capps is an expert in finance-related disputes, in addition to financial regulatory enforcement. Senior associate and barrister Anna Varga specialises in contentious financial services and commercial litigation, with a practice involving FCA enforcement.

Practice head(s):

Tom Connor

Other key lawyers:

David Capps; Edward Sparrow; Anna Varga

Testimonials

Wide base in financial services regulation, which was the reason for their appointment. Bags of experience of contentious and non contentious issues involving FCA and regulated firms.’

Ashurst has had for many years a distinct character within the City firms, an absence of hubris, a lot of humour, a keen determination to be a fearless advocate of their clients’ interest and a pervasive professionalism.’

Strong contentious team originally built up by Ed Sparrow.’

Ashurst are an excellent firm with a refreshing, modern outlook. Their lawyers are creative, responsive, hard working and a great pleasure to work with.’

Tom Connor has an excellent reputation in the contentious Corporate – Commercial – Financial Services space. He is very thoughtful and client focused. He is often instructed on big ticket, high profile disputes.’

Key clients

Bank of America

Hargreave Hale

Linear Investments

Moss Bros Group PLC

Corporate and commercial > Financial services: non-contentious/regulatory Tier 3

At Ashurst, the 'exceptionally pragmatic' team advises an impressive array of banking and funds clients on their UK regulatory requirements. The team is particularly well-versed in the MiFID and senior managers regimes, but it has also developed significant expertise in issues such as Brexit contingency planning. The firm stands out on ESG issues, an area where Lorraine Johnston takes the lead. The group is led by 'extremely user-friendly' Jake Green and includes Tim Cant, who has developed a formidable reputation for MiFID-related matters. In 2021, the group received a significant boost with the arrival of Etay Katz from Allen & Overy LLP, who brings with him impressive experience in advising banks on regulatory change projects.

Practice head(s):

Jake Green

Other key lawyers:

James Perry; Tim Cant; Etay Katz; Bradley Rice; Lorraine Johnston

Testimonials

Exceptionally pragmatic service and advice. Understand the issue very quickly and is clear in the approach and what will be covered in the opinion. Also exceptional in trying to find a solution!

The team offers a strong knowledge of relevant regulation balanced with an effective understanding of practical application that makes the advice relevant and applicable.’

Tim Cant applies a practical approach to addressing regulatory challenges that is effective, pragmatic and well informed. Combined with a very good understanding of the market makes him a highly valued when looking to resolve the more complex issues of the day.’

Excellent technical knowledge and commercial mindset.’

The team had a good understanding of our organisation and its risk tolerances, and was very good at cutting through to the key issues.’

What stood out for me was the pragmatic/practical approach to the advice provided – we didn’t get reams of legal analysis but instead useable guidance to help us assess the risks. Jake Green in particular was great at this.

We feel this team makes a concerted effort to get to know our business.’

Willing to stand behind their positions and drive home their assertions.’

Very responsive, commercial and in-keeping with latest industry trends – e.g. on ESG, LIBOR, cryptoassets and retail structured products.’

Timothy Cant, Lorraine Johnston – very easy to work with, excellent client service, good availability and turnaround and understands what clients need.’

Tim Cant is exceptional at coming to a considered solution that takes into account all risk factors.’

Jake Green is extremely user friendly, pragmatic, thoughtful and knows his clients.’

Key clients

Goldman Sachs (Marcus)

Oak Hill Advisors

Jefferies

eToro

Plus 500

Oanda

Numis

Asto Digital Limited (part of the Santander Group)

Tritax Management LLP

Coutts & Co

Corporate and commercial > M&A: upper mid-market and premium deals, £500m+ Tier 3

Ashurst‘s team is routinely instructed by a sizeable roster of FTSE-listed UK corporates and investment banks from the tech, financial services, energy, infrastructure, and media sectors. Well-regarded partner Karen Davies has recently been appointed as global chair and has close ties to many of the firm’s most high-profile clients, leading on a multitude of cross-border public M&A deals. Tom Mercer is experienced in public company M&A and has recently advised national retailers and investment banks. The corporate team has been on a lateral hiring streak in recent months, securing four partners in a little over a year: restructuring and insolvency specialist Richard de Carle from Slaughter and MayMarkjan van Schaardenburgh from Linklaters LLP; corporate governance specialist Will Chalk from Addleshaw Goddard, and the high-growth tech focused Jonathan Cohen from Clyde & Co LLP.

Practice head(s):

Karen Davies; Jason Radford

Other key lawyers:

Tom Mercer; Nick Williamson

Testimonials

‘Tom Mercer has excellent technical skills, advice and client care.’

‘Karen Davies a technically excellent practitioner with a calm manner. Karen tackles the tricky issues with pragmatism and poise.’

‘Nick Williamson – customer focused and committed to providing practical, commercial advice.’

Nick Williamson; very experienced dealmaker, on the ball and always there when you need him. Pleasant boardroom advisor, sensible lawyer providing excellent quality service. Very knowledgeable and reliable and is a delight to work with. Really providing added value and always delivers.’

‘Tom Mercer – first rate public M&A lawyer, very commercial, easy to deal with.’

The team is technically excellent and focused on solving for issues practically and efficiently. I appreciate their ‘always available’ attitude when working globally. Their firm is committed to female partner advancement and that is reflected in the team that I deal with every day, which I appreciate.’

‘Impressive group of excellent partners and associates operating at the highest level of corporate and commercial. Top firm in M&A. Very effective deal team, thoughtful, responsive and excellent quality.’

The Ashurst corporate practice is pragmatic, commercial and always happy to assist.’

Key clients

AVEVA

Babcock International Group

Barclays

Biffa plc

British Business Bank

Cardtronics

CareTech Holdings

Clinigen

EnQuest

GFG Alliance

Goldman Sachs

Johnston Press / JPI Media

Kier Group plc

McLaren

Moss Bros

Morrisons

National Express

Numis Securities

PPL Corporation

QinetiQ

Rothschild

Dispute resolution > Commercial litigation: premium Tier 3

The 'excellent' commercial litigation group at Ashurst acts for major corporations and public bodies in a range of disputes. 'Commercial in his approach', practice head Jon Gale has an impressive breadth of experience; James Levy handles a range of corporate, banking and finance litigation while Simon Bromwich is particularly popular among multinational construction and government clients. Senior associate Sophie Law is noted for her 'wide experience of heavyweight litigation'. The group also attract praise for its 'excellent communication and coordination with other teams', including relevant transactional practices.

Practice head(s):

Jon Gale

Other key lawyers:

Testimonials

James Levy is brilliant. He has a great brain and is endlessly supportive, with application that makes some very difficult arguments and concepts understandable. The firm compares very well to magic circle firms in my view and is my choice over most magic circle firms.

Jon Gale is very strategic  and commercial in his approach. He seeks to get the best economic outcome for us as clients rather than chasing fees. Jon is available at all hours and we really feel like we have his full attention when required

Tom Duncan is outstanding: unflappable and concise, with excellent judgement. Sophie Law is destined for great things. She is  highly intelligent and diligent, with excellent judgement and wide experience of heavyweight litigation.

James Levy is an exceptional team leader, has excellent commercial judgement, communicates very effectively with clients, and gets the best from his counsel team.’

I have found the litigation team at Ashurst to be first-rate. The team is flexible, receptive, enthusiastic and responsive. This is an example of well-informed and very clever lawyers investing time in my business to understand the key drivers and so provide commercially-orientated and useful advice as opposed to “legal” advice – very much a part of our team. overall estimates of costs are always safe to reply on and flexible payment arrangements help.

Excellent blue chip firm who provide a premier service.

Key clients

Imperial Brands PLC

KeolisAmey

Lendlease

Moss Bros Group PLC

Ryder Limited

Transport for London

XPO Supply Chain UK Limited

Dispute resolution > Competition litigation Tier 3

Ashurst acts for claimants and defendants in competition cases before both the UK and EU courts. In a recent highlight, the firm has been representing Ryder in one of the biggest UK follow-on damages actions in relation to the EU trucks cartel. Euan Burrows leads the EMEA competition team; in addition to representing clients in litigation, he handles a range of other matters, such as state aid and procurement. Nigel Parr advises many of the firm's key clients, including Intel and Royal Mail.

Practice head(s):

Euan Burrows

Other key lawyers:

Testimonials

Nigel Parr. A simply outstanding black letter law competition lawyer. If he doesn’t know it, it isn’t worth knowing.’

Key clients

Ryder

Intel

Royal Mail

Lloyds

Virgin

Stagecoach

SNCF

West Coast Trains (WCTL)

Dispute resolution > International arbitration Tier 3

Ashurst houses specialists in energy and resources disputes, most notably gas pricing and supply-related claims, and the team is fast-developing a reputation for renewables work. The practice is also experienced in Africa-related arbitrations. Matthew Saunders leads the firm's London-based global international arbitration practice, which includes Tom Cummins, who acts for clients in the energy, mining and infrastructure sectors; and construction, infrastructure and insurance disputes expert Tom Duncan. Other key practitioners are Emma Johnson, who is an international commercial arbitration and investment treaty disputes specialist; and Middle East expert Dyfan OwenMyfanwy Wood and Thomas Karalis were recently promoted to partner and counsel, respectively.

Practice head(s):

Matthew Saunders

Other key lawyers:

Testimonials

The Ashurst international arbitration team is first-class.

It has a considerable and highly impressive track record for running high-value, complex arbitrations in various forums and a variety of different industries.

They are highly responsive and deliver a high-quality product quickly, efficiently and without fuss. They are the full package: effective, user-friendly and cost effective.

Extremely detail-oriented, well prepared and thorough.

The practice possesses not only the core knowledge of arbitration and arbitral institutions, and insight into key players, but also brings very strong industry expertise to the table.

They work very effectively as a team.

Matthew Saunders stands out, in particular for his industry expertise and strong strategic sense. He is at the top of his game – focused, highly effective, credible and clear.

Myfanwy Wood is deeply impressive. She is tremendously intelligent, utterly unflappable and always able to see the wider picture. She invariably takes a solution-orientated, commercial approach which – together with her legal nous and ability to smooth out stressful situations – inspire complete confidence in her clients. With her extensive experience in big-ticket international arbitrations, I would recommend Myfanwy without hesitation to any client with a complex, high-value international dispute.

Employment > Employee share schemes Tier 3

Ashurst is the port of call for the likes of HSBC, McLaren Racing and Aberdeen Standards Investments, and is known for its expertise in high scale transactions such as M&A, takeovers and IPOs. The team acts for both public and private companies, with a significant footprint in industries such as technology, financial services and energy. Senior consultant Nicholas Stretch leads the firm and has close to 25 years of experience within the field, is Chairman of the Share Plan Lawyers Tax Committee and is a former Chairman of the QCA Share Schemes Expert Group. He is supported by senior associate Rebecca Servian, who focuses on the share schemes aspects of major transactions.

Practice head(s):

Nicholas Stretch

Other key lawyers:

Testimonials

‘The team is very easy to work with and, in particular, Rebecca Servian. They work with us in a supportive manner and are open to our concerns to find the best solution. ‘

‘Rebecca Servian is a standout among her peers and a real pleasure to work with. She is a skilled lawyer who understands the requirements well. She is more importantly able to engage with us as a client and understand our commercial needs. Rebecca is collaborative, responsive and always willing to listen to our priorities and perspective.’

‘Responsive to urgent request for assistance/advice.’

Key clients

AVEVA Group plc

PPL Corporation

Serica Energy plc

Cardtronics plc

QinetiQ Group plc

EnQuest PLC

Renewi plc

John Feddersen and the shareholders of Aurora Energy Research Limited

Aberdeen Standard Investments plc

LCG Group Limited

McLaren Racing Limited

HSBC Bank plc

Ricardo plc

Intertrust Employee Benefit Trustee Limited

Numis Securities Limited

GetBusy plc

Finance > Acquisition finance Tier 3

Ashurst is particularly active in the mid-to-upper mid market, as a result of its deeply rooted clearing bank ties, as well as its prominence within the flourishing credit fund space. The 'excellent' Helen Burton has been pivotal to the firm's success in the direct lending market and continues to represent many of its most prolific funders, including on some major unitranche facilities. As part of his wide-ranging practice, the vastly experienced Nigel Ward handles conventional leveraged transactions, as well as infrastructure-related acquisition finance matters. Martyn Rogers  heads up the firm's overarching global loans team which houses the acquisition finance group.

Practice head(s):

Martyn Rogers

Other key lawyers:

Doug Murning; Helen Burton; Nigel Ward; Ross Ollerhead; Laura Ho; Tamsin Crawford

Testimonials

Helen Burton is excellent.’

Key clients

Apollo

Arcmont Asset Management

AVEVA Group Plc

Bain Capital Credit

BlackRock

Crescent Capital Group

Davidson Kempner

HayFin

HSBC

HPS Partners

ICG

JP Morgan

Pemberton

Permira Debt Managers

RBS

RPC

Symphony Technology Group

Finance > Corporate restructuring & insolvency Tier 3

Led out of London by Giles Boothman  and able to draw upon significant pan-European resources, Ashurst's 'responsive, experienced and knowledgeable' team is well-equipped to advise an eclectic range of creditors, investors and debtors across the spectrum of domestic and cross-border financial restructuring and insolvency situations. Praised for his 'very collaborative style', Boothman has garnered a particularly strong reputation advising US funds clients on their loan-to-own distressed investment strategies. The team is also well regarded by buyers and sellers of non-performing loan (NPL) portfolios, an area in which 'knowledgeable and responsive' UK and Greek-qualified partner Olga Galazoula excels, particularly on deals throughout Southeast Europe. In addition to more conventional insolvency and restructuring work, the 'engaging and communicative' Drew Sainsbury has developed niche expertise in financial services-related insolvencies.

Practice head(s):

Giles Boothman

Other key lawyers:

Nigel Ward; Olga Galazoula; Lynn Dunne; Drew Sainsbury; Ru-Woei Foong; Maria Staiano-Kolaitis; Richard Bulmore

Testimonials

An experienced seasoned team with good cross-European coverage.’

The team’s strengths are collaboration, responsiveness, experience and knowledge, with particular emphasis on the consistent hands-on approach on the part of the partners.’

The team has a real client focus and an innovative approach to corporate insolvency.’

The team is always ready to find constructive solutions to difficult problems.’

Giles Boothman has developed a very collaborative style and works well with other advisors to get deals done.’

The knowledgeable and professional Giles Boothman has a clear focus on delivery for the client and has taken the time to understand our needs to provide excellent and supportive advice and counsel. He is very commercial and thinks creatively.’

‘Drew Sainsbury is engaging and communicative.’

‘Olga Galazoula is knowledgeable and responsive.’

 

 

Key clients

AlixPartners

Anchorage

ANZ

Apollo Global Management

Avenue

Babcock & Brown

BAIN

Bank of Cyprus

Belveder

Billabong

Blackstone

Carlyle

Cerberus

Channel 10

China Energy Reserve & Chemical Group

Deloitte

Deutsche Bank

EMAS Chiyoda

Enquest

EY

Fortress

Grant Thornton

HIH Insurance

HSBC

ICICI Bank

Interserve

Johnston Press

JP Morgan

KPMG

Lehman Brothers

M&G

MF Global

MIE Holdings

NAB

Nomura

Oaktree

Petra Diamonds

PGS

PWC

Thomas Cook

Titan Petrochemicals

Industry focus > TMT Tier 3

With a particular focus on fintech and digital payments, Ashurst's team in London provides advice to clients on commercial and regulatory matters, including strategic projects, digital transformations, joint ventures, M&A and competition litigation. Group head Nick Elverston is well known for assisting telecoms companies with major transactions and projects on a cross-border basis. Amanda Hale is highly regarded for her expertise in strategic infrastructure and service arrangements, alliances, joint ventures and complex regulatory matters, in which she typically advises funds and banks. On the IT side, Chris Bates is a key practitioner and plays a role in various major infrastructure projects involving procurement and outsourcing arrangements. In the fintech space, David Futter is a key name to note; he recently advised the owners of TikTok on strategic issues relating to the client's new digital commerce platform, which is a core part of its global expansion plan.

Practice head(s):

Nick Elverston

Other key lawyers:

Testimonials

‘Impressive cross team collaboration within the firm, without ever losing our lead point of contact. Flexible and genuinely engaged in what we are doing as a business. Proactively shares experience and insight that is useful for us to have as we progress and encounter new issues.’

‘David Futter – very practical and understood the landscape well – helped to even the playing field for us in terms of a start up dealing with more established entities. Technically very strong.’

Key clients

Arenko Cleantech

British Business Bank plc

John Laing

Komainu Holdings

Liverpool City Region Combined Authority

Macquarie Capital

McLaren Group

Monument Bank

Ascential

Asto Digital (part of Santander UK)

Babcock International Group plc

BAI Communications

BRC Global Standards

Brookfield Infrastructure

China General Nuclear Power Corporation

Digital Colony

DXC

Facebook

Goldman Sachs

Google

Grosvenor Limited

HM Government/UK Treasury

Hyperoptic

National Express

NEX

NM Rothschild

Nomura International PLC

Polish Ministry of Digital Affairs (acting through the European Bank of Reconstruction and Development)

Sopra Steria Limited

State Street Bank & Trust Company

TalkTalk

Telxius Telecom S.A.

Three (Hutchison3G UK Limited)

Virgin Media

WorldPay

02

Investment fund formation and management > Private funds Tier 3

Ashurst has an active private equity team, advising major fund managers and  institutional investors on fundraising, restructuring, and investment mandates, combining strong global and multi-jurisdictional capabilities, particularly in Asia and Luxembourg, with integrated tax and regulatory expertise. The team is led by Piers Warburton, an active fundraiser on behalf of major relationship clients, who handles complex and innovative structures. Nick Goddard and Nicola Hopkins combine strong sponsor and investor-side work, advising on high-value global raisings, co-investments, and joint ventures, while newly-promoted partner Catherine Gokah is noted for her active institutional investor practice.

Practice head(s):

Piers Warburton

Testimonials

‘The team was knowledgeable in the funds space and able to break down tricky concepts to all stakeholders at our end. They were helpful in negotiating a tricky agreement and also providing industry insight and guidance despite limited direct precedent for the arrangement in question.’

Nicola Hopkins was very easy to work with and always made herself available, even at short notice and with very tight timescales.’

‘Strong team, with excellent understanding of our needs (both in connection to the firm and the fund platforms).’

‘ Nick Goddard is able to provide feedback both ways with objective of providing excellent service across a range of different ‘products’.’

Key clients

Agilitas Private Equity LLPNo

BP Investment Management

Coutts & Co Ltd

Equitix

Foresight Energy Infrastructure Partners

General Atlantic

Intermediate Capital Group

Sprints Capital

Real estate > Environment Tier 3

Praised for its ‘depth and breadth of knowledge’, the team at Ashurst is led by 'star performerEleanor Reeves, who was promoted to partner in November 2020 and has built up the practice while also driving the firm’s ESG offering. The team cooperates with other departments to provide environment and safety advice across projects, transactions and litigation, with a particular focus on the energy and infrastructure sectors. It also assists on regulatory matters such as environmental permitting and dealings with the Environmental Agency on waste issues. Senior associate James Nierinck is also a key contact.

Practice head(s):

Eleanor Reeves

Other key lawyers:

Testimonials

‘Our contact is Eleanor Reeves. Ellie is an absolute diamond and has a fantastic ability to disseminate complex issues but still deliver solutions that are understandable and on the tailored level required for the client. She is a real asset for our organsation.’

‘The environmental team at Ashurst is small but well led by Eleanor Reeves. They have good depth and breath of knowledge on environmental matters and  are able to provide good value and timely advice. They are just as good on discrete technical matters as on transactional matters.’

‘Eleanor Reeves is knowledgeable and proactive. She provides practical advice on complicated legal matters, always with an eye on the commercials. She also provides tailored legal updates on topics that she thinks may be appropriate to our business. She is also very personable and easy to work with.’

‘The team provided comprehensive and thorough advice to my organisation. Extremely thorough in spotting issues beyond the initial brief and drawing them to our attention. Performed well in negotiation and provided pragmatic advice to us in order to resolve potential roadblock issues.’

‘Great open book strategy that allows experts to step in and provide insight they are then able to back up, ensuring that the client receives the best possible advice.’

‘Eleanor Reeves shows great personal attention to key issues, which allows decisions to be made quickly. James Nierinck has an open approach to new issues and provides very close client support when required.’

‘Eleanor Reeves clearly stands out for her intelligence, clear thinking and strategic focus. She is also a very good team leader and team player. She is abreast not only of the current law but also of draft legislation and policy so as to be able to think ahead and plan accordingly. She is always polite, but firm, and resolute without being inflexible when dealing with the other side in a dispute. I regard her a star performer and have had no hesitation in recommending her to others.’

Key clients

Department for Business, Energy and Industrial Strategy (BEIS)

Simec Atlantis Energy

The Berkeley Group

Conrad Energy

Lendlease

PPL

FCC

Wheelabrator

Aviva

Copenhagen Infrastructure Partners

Real estate > Property finance Tier 3

The real estate finance team at Ashurst advises borrowers and lenders on development finance. Key members of the team include Ruth Harris, Sarah Watkinson and Jessica Jenner.

Testimonials

‘One of the best real estate finance teams.’

‘We love working with the team. Great group.’

‘The team are particularly strong and lead from the front. Great deal management and understanding of what needs to be done. Clear, confident advice from with minimal partner visibility required due to confidence in the team.’

‘Sarah Watkinson is excellent.’

Employment > Pensions: dispute resolution Tier 4

Ashurst‘s pension practice is distinguished from its peers through its specialism in rail, restructuring and regulatory matters. This focus is steered by the ‘technically excellent’ John Gordon, with the practice working closely with clients on defined benefit and defined contribution schemes.  Non-contentious highlights include advising on pension issues relating to the £7.8bn sale of  PPL Corporation’s UK business – Western Power Distrubution – to National Grid. On the contentious side, Gordon advised a rail consortium comprising Virgin, Stagecoach, and SNCF in their challenge to the DfT’s decision to disqualify their bid for West Coast Partnership on pensions grounds.

Practice head(s):

John Gordon

Testimonials

‘Ashurst are a formidable litigation firm. In pensions litigation, they rely on their heavyweight commercial litigators, who collaborate with John Gordon for the provision of expert pensions input.’

Key clients

West Coast Trains Limited

Employment > Pensions (non-contentious) Tier 4

Ashurst's pension practice is distinguished from its peers through its specialism in rail, restructuring and regulatory matters. This focus is steered by the 'technically excellent' John Gordon, with the practice working closely with clients on defined benefit and defined contribution schemes.  Non-contentious highlights include advising on pension issues relating to the £7.8bn sale of  PPL Corporation's UK business - Western Power Distrubution - to National Grid. On the contentious side, Gordon advised a rail consortium comprising Virgin, Stagecoach, and SNCF in their challenge to the DfT's decision to disqualify their bid for West Coast Partnership on pensions grounds.

Practice head(s):

John Gordon

Testimonials

‘Ashurst have always provided us with a very high quality service.’

‘Team is led by John Gordon, who has over time proved more than capable of dealing with the intricacies of the many varied issues we have asked him and the team to consider.’

Key clients

On behalf of Thomas Cook PLC and subsidiaries (in liquidation) (acting for Alix Partners)

Keolis Amey as the new franchise operator for rail services for Wales and Borders

PPL Corporation

The Trustees of the NIAB (1996) Pension Scheme

Clement Clarke Pensions Trustees Limited

Dalriada Trustees Limited

Interserve plc

Navigator Terminals Limited

Aveva Group Plc

Insight Investment Management Limited

The Trustee of the Dartford River Crossing Pension Scheme

National Express Group Plc

JPI Media Limited

AEG Fuels UK Limited

Toshiba Corporation

Finance > High yield Tier 4

Ashurst has a boutique-style high yield offering that forms part of the firm’s leveraged finance and fund finance group. It specialises in specialises in advising credit funds, private capital and private equity houses on leveraged buyouts and strategic credit transactions across Europe and Asia. The relatively young practice lost key practitioners Tamer Bahgat and counsel Michael Lee when they moved to Alston & Bird LLP, but Anna-Marie Slot continues to work on high yield transactions as part of her broader capital markets practice. Counsel Natalia Sokolova also plays a key role in high yield and Term Loan B transactions. They are very good at delivering a solution that works best for all parties‘, notes one client.

Practice head(s):

Anna-Marie Slot

Other key lawyers:

Natalia Sokolova; Jacques McChesney

Testimonials

‘Ashurst has a strong HY team who are very adept at responding in a very agile manner to developments or changes in the company’s requirements. They have delivered on a number of levels over the past year including running a successful consent solicitation process and managing a complex litigation from a small number of noteholders.’

‘It is a small and new practice but the partner, Anna-Marie Slot, has experience form her previous role at White & Case.’

‘They are very good at understanding the complex requirements to support delivering a solution that works best for all parties.’

Key clients

Petra Diamonds

McLaren Group

NagaCorp Limited

Abu Dhabi National Oil Company

Studio City Finance Limited

Dexia Credit Local

Deutsche Bank

J.P. Morgan

Citibank

Insurance > Professional negligence Tier 4

The 'hardworking and dedicated team' at Ashurst  is adept at handling large-scale, high-profile professional negligence claims involving audit, funds, major projects, and pension work. The team is particularly skilled in acting for clients in the financial services sector. The team is led by James Levy , who is active in banking and financial litigation. Lynn Dunne is also a notable team member.

Practice head(s):

James Levy

Other key lawyers:

Testimonials

‘The team is hardworking and dedicated to achieving the desired outcomes and objectives. The work was resourced appropriately with the right amount of partner involvement and very bright associates doing the day-to-day work. ‘

‘James Levy is smart and leads his team well. He is good at managing the client relationship.’

Risk advisory > Data protection, privacy and cybersecurity Tier 4

The data and information practice at Ashurst is particularly active in the technology space, advising large international corporate clients on AI, adtech, blockchain and other fintech issues. It has recently been advising clients on a number of Covid-19-related matters, Brexit work, international data transfers and cybersecurity issues. David Futter heads up the team, which includes Rhiannon Webster, who joined from DAC Beachcroft LLP. Counsel Gita Shivarattan left for Ernst & Young LLP.

Practice head(s):

David Futter

Other key lawyers:

Hiroyuki Iwamura; Rhiannon Webster

Key clients

Aya Technologies

Cardtronics

Commonwealth Bank of Australia

Curo

GAIN Capital

General Atlantic

Goldman Sachs Bank

HM Treasury and British Business Bank

Intermediate Capital Group plc

JPI Media (Johnston Press)

McLaren Automotive

Oak Hill Capital Management

Peel Hunt

SVS Securities plc

Thomas Cook (in administration), KPMG and Alix Partners, Insolvency Service (as special managers to the administration)

Virgin Trains

Risk advisory > Regulatory investigations and corporate crime (advice to corporates) Tier 4

Ashurst leverages wider strengths in financial services, competition and tax controversy to handle potential criminal challenges and internal investigations for a varied mix of financial institutions, asset managers and multinational companies, particularly in the oil and gas sector. The practice group is headed up by Ruby Hamid, whose recent caseload has included advice on anti-money laundering, bribery and corruption, cyber incidents and sanctions. Also recommended are Tom Connor, who focuses on financial services-related disputes, and Tom Cummins, a name to note for matters in the energy and infrastructure space.

Practice head(s):

Ruby Hamid

Other key lawyers:

Testimonials

An up-and-coming team with great ambitions and lawyers who know what they are doing.

Highly competent, fast responsiveness.

Ruby Hamid, who co-leads the global investigations group, has real strength in depth and hands-on criminal law experience.

I have worked with Ruby Hamid who is dynamic, technically strong and imaginative. Ruby brings huge energy, drive and enthusiasm to her matters, which makes it a pleasure to work with her.

Employment > Employers Tier 5

Ashurst is instructed in a wide range of contentious and non-contentious employment law issues, with a particular emphasis on discrimination claims, restrictive covenant disputes and workforce restructuring mandates. European employment practice lead Crowley Woodford is the key name to note.  

TMT (technology, media and telecoms) > Intellectual property: trade marks, copyright and design Tier 5

Ashurst maintains a strong transactional IP offering under the 'extremely experienced' practice head David Wilkinson. The team advises household-name sports clients on M&A and technology joint ventures and performs IP portfolio due diligence on innovative deals in the automotives sector; the latter advised on by counsel and 'excellent operator' Don McCombie. Another skill is providing IP advice in insolvency procedures. Wilkinson has been running a complex High Court claim in the cryptocurrency space concerning AI algorithms.

Practice head(s):

David Wilkinson

Other key lawyers:

Testimonials

An experienced team knowledgeable across a range of asset types and situations. Worked with them on a series of asset disposal processes.

Don McCombie is an excellent operator.

A wealth of experience in IP matters, suitably robust when a matter requires it.

David Wilkinson is extremely experienced, flexible in his thinking, personable, generous with his time, practical and understands his clients.

The IP practice under the leadership of David Wilkinson has considerable depth and breadth of expertise enabling them to handle the biggest and most complex matters.

David Wilkinson is a very professional, tough and an effective negotiator.

Don McCombie is young and up and coming. One to watch. Supremely intelligent and knowledgeable, great with clients and a pleasure to deal with.

Impressive in terms of turnaround speed. Advice received to date has been concise and effective.

Key clients

AVEVA Group plc

BlackRock Innovation Capital

Crypton Digital Assets Limited

General Nuclear System Limited

Goldman Sachs

LifeStyles Healthcare Pte Ltd

McLaren Group

McLaren Racing Ltd

NCR Corporation

NEX International Limited

Pure Fishing, Inc

Teach First, The Reach Foundation, Google, Department for Education

Thomas Cook Group plc (in liquidation)

Corporate and commercial > EU and competition: trade, WTO anti-dumping and customs

TMT (technology, media and telecoms) > Intellectual property

Clients of Potter Clarkson LLP praise the firm's 'exceptional patent prosecution work' and 'very proactive, commercial approach'. Matters involve a variety of trademark, patent and copyright disputes and the team, which has particular expertise in the automotive and pharmaceutical sectors, offers support on non-contentious issues, such as portfolio optimisation and complex intellectual property transactions. The firm sports an independent IP consultancy division to support clients with tailored IP advice. Steve Smith, Richard Bassett, Charlotte Crowhurst, Sanjay Kapur, Caroline Marshall, Nick McDonald and Stephanie Pilkington head the department. Mark Snelgrove, Richard Roberts and Oliver Laing are also key contacts.

Practice head(s):

Steve Smith; Richard Bassett; Charlotte Crowhurst; Sanjay Kapur; Caroline Marshall; Nick McDonald; Stephanie Pilkington

Testimonials

‘Exceptional patent prosecution work.’

‘We use a small but very good team to assist us with IP infringement matters. The team has a very proactive, commercial approach and I trust them to provide sound, pragmatic advice.’

‘A key strength of Potter Clarkson is their combination of expert attorneys with solicitors, which gives comprehensive advice on highly technical matters using patent attorney expertise and solicitor know-how, as well as commercial and branding matters with trade mark attorneys and solicitors working together.’

‘Potter Clarkson have a strong European presence, which means our interests were well represented in Europe post Brexit. They also have a good knowledge of the US market, which has been useful for us as we explore international expansion.’

‘They are an innovative firm, having developed and launched innovative platforms for portfolio management and brand protection with have international reach.’

‘Individuals at Potter Clarkson take the time to understand your business and ask intelligent questions; on each issue they offered me a range of options with implications to consider and a lot of clarity around each of these.’

‘They are also highly responsive, which for an agile start-up, is extremely important: they can adapt their pace to mine when needed.’

Key clients

Astellas Pharma Inc.

AstraZeneca

Clippasafe Limited

General Hotel Management Limited

Ineos Industries Holdings Limited

Kymab Limited

Novo Nordisk A/S

Corporate and commercial > Venture capital

The technology M&A practice at Ashurst has considerable expertise in venture capital work and acts for both investors and investees. The team's focus is on the fintech space, particularly regulatory issues, as well as transactional mandates.

Morocco > Foreign firms Tier 1

Ashurst is heavily involved in cross-border transactions and large projects in Morocco, drawing on the firm's expertise in M&A, project finance and international arbitration, as well as its sector experience in energy and mining. It recently assisted Managem, a Moroccan mining company, with its investment in the Tri-K gold mine project in Guinea, and is also a frequent adviser to Morocco's Office National de l'Electricité et de l'Eau Potable (ONEE). Yann Alix in Paris, who works closely with members of the London office, is the main point of contact.

Practice head(s):

Yann Alix

Key clients

Managem

ONEE

ACWA

EnQuest

Veolia Water

Woodside Energy

Singapore > Energy: foreign firms Tier 1

Ashurst LLP continues to demonstrate a huge commitment to the energy sector. Having brought in senior figure Michael Harrison from the Sydney office in January 2020, it then followed this up by relocating project development specialist Richard Guit to Singapore from Perth in December 2020, and it hired project finance partner Andrew Roche from Latham & Watkins LLP in January 2021. This expansion of the team has enabled the firm to cement its leading position in gas and LNG across Asia Pacific, and achieve further growth in renewables, mining and power infrastructure. The Singapore group continues to be active in gas-to-power projects, notably in Indonesia, Vietnam, Pakistan and Bangladesh, and it is increasingly focused on LNG-import arrangements for Chinese national oil companies (NOCs). Daniel Reinbott remains a market leader in LNG projects and transactions, with counsel Jessica Ham offering senior-level support. Alfred NG is another notable name in project finance. Counsel Giles Ashman is also a key team member.

Practice head(s):

Daniel Reinbott; Michael Harrison

Other key lawyers:

Testimonials

‘Good value for money.’ 

‘Ashurst Singapore practice – I have had the pleasure of working with professionals from the Ashurst Singapore office on a number of high-value Oil & Gas industry transactions. I find their team have excellent market knowledge, are highly committed and highly skilled in preparing and negotiating agreements and supporting the client in delivering value. The key Ashurst people I have dealt with are more than just lawyers, they are an extension of our team. I have also had experience working with other firms and across the table from other firms. I have found the professionals at Ashurst represent the best I have seen in oil and gas.’

‘Prompt and precise legal advice from the partner Daniel Reinbott.’

‘Dan Reinbott is experienced in the energy industry and provides solid practical advice in addition to helping with legal issues.’

Dan Reinbott is a highly regarded Partner in the Singapore office. I have worked with Dan on a number of transactions including LNG terminal use / inter-user agreements, LNG SPAs and time charter parties. Dan is very knowledgeable and persuasive and I have seen first hand his delivery of significant value for clients. Dan is also a very easy going and hard working committed individual.’

‘One of the best lawyers I have worked with. Jessica Ham is a committed Counsel in the Singapore office. I have worked with Jessica on several LNG SPAs and her work is always first class. Jessica displays a great understanding of her clients’ requirements and commitment to delivering quality advice and agreements. Jessica is very impressive in negotiations, quietly and effectively explaining the position of her Client to support the achievement of quality results for her clients.’

‘Priya Shah is a Senior Associate in the Singapore office. I have had the pleasure to work with Priya on terminal use agreements. Priya is highly articulate and demonstrates great depth in her practice areas. A very impressive individual, focussed on quality and commitment to delivering on client’s requirements and demonstrates the capacity for breaking down complex concepts into concise, clear drafting.’

Key clients

Total

BP

Shell

Mitsubishi Corporation and its subsidiaries Diamond Gas International and Tabeer Energy

ENI

Tokyo Gas

Woodside

BHP Billiton

PT Pertamina (Persero)

Electricity Generating Authority of Thailand

Algeria > Foreign firms Tier 3

Ashurst has worked on oil and gas, power and infrastructure matters in Algeria, drafting sales agreements and advising on project development. Yann Alix, who is based in London, heads the Africa practice.

India > Foreign firms Tier 3

Led by Stuart Rubin, Ashurst's India-related work is known for its focus on capital markets, especially equity work. Some of the noted lawyers in the practice include Anna-Marie Slot, John Kim, and Ethan Perry.

Tunisia > Foreign firms Tier 3

Herbert Smith Freehills LLP has a broad client offering, advising on corporate, finance, projects, tax and competition matters, disputes, and crisis management. Energy and mining are key areas of strength and the team has an in-depth knowledge of related legislation in a wide range of countries. Paris-based corporate and projects partner Bertrand Montembault co-heads the North Africa team with disputes partner Craig Tevendale, who is based in London.

Ashurst focuses on project finance, M&A in the oil and gas and mining sectors, finance and international arbitration. The team has particularly extensive experience in advising major international developers and operators on renewable energy projects in Tunisia. London-based practice head Yann Alix specialises in corporate and commercial transactions, as well as the development of major projects in emerging markets, with a focus on the energy, natural resources and infrastructure sectors. Michel Lequien and Mark Barges, who are based in the Paris office, are also noted.

Practice head(s):

Bertrand Montembault; Craig Tevendale

Practice head(s):

Yann Alix

Other key lawyers:

Testimonials

‘Ashurst are perfect in providing assistance in international transactions including M&A and tenders, coordinating the issues of Tunisian interest in the best way. They have chosen the best local law firms in countries in which Ashurst is not present, and the final work is of high standards.’

‘Michel Lequien is the right person for an energy company that needs to have the transaction done in the best and most efficient way.’

Japan > Projects and energy: International firms and joint ventures

Ashurst’s international project group undertakes significant energy and infrastructure projects and M&A transactions for a balanced mix of Japanese and other Asia-based financial institutions and corporates. The team has significant sector expertise in the oil and gas, rail, water treatment and LNG industries, and in the power and renewable sector, it regularly advises on major thermal power projects and innovative renewable transactions. David Wadham heads the firm's global utilities practice and has a niche specialism in advising Japanese clients investing in or financing European and Middle East transactions. Senior associates David McCormick, Daniel Jarrett, and Peter Grayson all maintain strong relationships with key clients and are highly recommended.

Practice head(s):

David Wadham

Testimonials

‘The firm has depth of members of various seniorities, from partner to trainees, which the firm deploys efficiently to work on various aspects of a project financing simultaneously when necessary. This enables the firm to tackle various work streams at the same time, enabling the financing to close as soon as possible.’

‘David Wadham and David McCormick respond very quickly to my requests for advice on complex issues. Their advice are also well thought out and presented in a concise and well-articulated manner.’

Key clients

Japan Bank for International Cooperation

The Export-Import Bank of Korea

Nippon Export and Investment Insurance

Sumitomo Mitsui Banking Corporation

Mitsubishi Corporation

Marubeni Corporation

International Finance Corporation

Macquarie Capital

Mitsui & Co., Ltd.

Sojitz Corporation

France > Industry focus: Energy

Ashurst LLP combines a strong domestic practice with a busy international caseload. At home, the group is advising on several landmark offshore wind projects while the practice abroad includes advising leading operators such as Engie on large-scale solar, wind, hybrid and power projects, notably in Africa (Tunisia, Morocco, Mali, Ethiopia) and in Latin America. Lately, the firm has received several new mandates from banks and sponsors to assist with African oil and gas projects. State aid and competition law issues as well as arbitration are also dealt with. Project partners Tom Longmuir, Mark Barges and  Vincent Trévisani are particularly recommended. They co-head the energy practice alongside public law partners Michel Lequien and Jacques Dabreteau and arbitration expert Emmanuelle Cabrol.. Yann Alix, who heads the firm’s Africa group and co-heads the firm’s global mining practice, also contributes.

Practice head(s):

Mark Barges; Tom Longmuir; Michel Lequien; Yann Alix; Vincent Trevisani; Jacques Dabreteau; Emmanuelle Cabrol

Testimonials

‘High experience in various energy projects worldwide; real involvement with the client.’

‘The team is young and dynamic; they have a great complementarity which allows them to cover the different aspects of complex projects. They are also very responsive and attentive to the needs of their clients.’

‘Mark Barges is an excellent lawyer in French and English law which allows him to offer excellent advice in complex projects.’

Key clients

Nareva Holding

ENGIE

Indian Oil

Ennel Green Power

Vaalco Energy

Valorem

wpd Offshore

Japan > Banking and finance: International firms and joint ventures

Well known for its complex cross-border project finance work and sector specialist advice, Ashurst’s banking and finance practice offers bespoke financing and restructurings for Japanese clients or matters involving Japanese law, backed up by expertise in its global network. Strong in the power and renewables sector, the firm acts for trading houses, multilateral financial institutions, export credit agencies, and commercial banks under the joint leadership of Kensuke Inoue and David Wadham. Wadham is the firm’s utilities practice global head and focusses on power and infrastructure finance and development. Dual-qualified (California and Dai-ichi Tokyo Bar) Inoue is an overseas loans and restructuring expert. David McCormick is key name at non-partner level.

Practice head(s):

Kensuke Inoue; David Wadham

Other key lawyers:

Key clients

Japan Bank for International Cooperation (JBIC)

The Export-Import Bank of Korea (K-EXIM)

Nippon Export and Investment Insurance (NEXI)

Sumitomo Mitsui Banking Corporation (SMBC)

Mizuho Bank

MUFG

Mitsubishi Corporation

Chubu Electric Power Co.,Inc.

Marubeni Corporation

World Bank / International Finance Corporation (IFC)

Japan > Corporate and M&A: International firms and joint ventures

Tracy Whiriskey leads the Ashurst corporate M&A practice. The Tokyo office works in tandem with the Japan desks in Australia and Europe to provide Japanese clients in English and Japanese on transactions across these regions. In addition, the team advises on strategically important areas such as employment, finance, competition, and environmental laws. Across the energy, resources, infrastructure, and healthcare sectors, the team advises on M&A, divestments, joint ventures, and restructuring. Natsuko Ogawa is a key name for Japanese clients looking to invest in Australia, while London-based Hiroyuki Iwamura is the name for Japanese clients investing in Europe.

Practice head(s):

Tracy Whiriskey

Other key lawyers:

Testimonials

‘It is a very good team and has everything from Corporate to disputes covered, all by excellent lawyers.’

‘Tracy Whiriskey is excellent. Very good legal advice and a very nice person to deal with. Always available to discuss matters and answer questions. She is also very knowledgeable about MA, dealing with PE funds etc. I was really impressed all the time. I also worked with Alexis Rosenberg and Jessika Colthurst, both good associates.’

‘Ashurst is uniquely positioned as a mid-cap focused international law firm, with hands-on execution commitment by senior partners. Less costly as compared to large international firms.’

‘I know their partners well both in London and in Tokyo. Hiroyuki Iwamura is a Japanese senior partner based in London. I don’t know any other law firms that have a Japanese lawyer in London, apart from short-term secondees. Also, they have a senior partner from Australia in Tokyo who speaks perfect Japanese.’

‘Very professional attitude and 24/7 access, for international projects a perfect bridge between the different business cultures’

‘They work on a very high level of precision, they are always accessible and 100% reliable. They are very solution-oriented without losing focus on details’

‘Ashurst team is very capable to deal with Japanese clients knowing unique corporate culture. They took lead legal discussion with the counter party in very reasonable and efficient manner.’

‘Ms. Tracy Whiriskey, a partner of Ashurst Tokyo Office, took all legal discussion having reasonable sense.’

Key clients

Sojitz Corporation

Pieroth Wein AG

Mitsui & Co., Ltd.

Klook Travel Technology Limited

Mitsubishi UFJ Lease & Finance Company Limited

Toll Holdings

Japan Post Holding

Mitsubishi Corporation

Vietnam > Foreign desks

Ashurst LLP is highly active in Vietnam, as is reflected by its work for clients such as commercial banks, export credit agencies, developers and project sponsors. It is notably prominent in conventional and renewable energy projects. One of the key practitioners at the firm is David Wadham in Tokyo, who is a global co-head of the firm’s global power and utilities team. Also recommended is Brisbane-based partner Dan Brown , whose experience spans wind, solar and coal-fired projects in Vietnam. Simon Brown in Singapore has over 20 years of experience of corporate transactions.

Key clients

AC Energy

Coöperatief Climate Fund Managers U.A.

Ashurst is a leading global law firm advising local and global corporates, financial institutions and governments on their most complex transactions, disputes and projects. Founded almost 200 years ago, the firm today has more than 3,400 people, including some 400 partners, working across 28 offices in 16 countries, offering the reach and insight of a global network, combined with the knowledge and understanding of local markets. The firm brings together lawyers of the highest calibre with the technical knowledge, industry experience and regional know-how to provide the incisive advice clients need.
Ashurst’s vision is to be the most progressive global law firm, and it is committed to taking a fresh perspective, to deliver practical, commercial solutions to the challenges faced by clients in today’s rapidly changing business landscape.

MAIN AREAS OF PRACTICE

Corporate: With our extensive network of global corporate partners, we are well-resourced in major commercial centres to advise on public and private M&A, private equity, joint ventures, equity capital markets, reorganisations, governance and regulatory issues.

Finance, Funds & Restructuring: Ashurst has a premier global finance team, based in all the major financial centres around the world, with deep product expertise and extensive multi-jurisdictional experience. Our global capacity and technical capability covers global loans, global markets, finance regulatory, restructuring & special situations, investment funds and high yield.

Projects & Real Estate: Our global team has unmatched depth and operates across the energy, resources, infrastructure and real estate sectors, advising the full range of market participants, including lenders, governments and sponsors, on innovative and high profile matters.

Strategic Advisory: Our market leading specialist advisory teams are focused on delivering strategic innovative solutions to our clients’ most complex business critical challenges. We have leading expertise in employment, competition, intellectual property, international arbitration, investigations, tax and disputes.
Ashurst Advance: We deliver client-facing innovation through Ashurst Advance, our “NewLaw” platform comprising cutting edge technology, process experts, and high quality cost effective resources in a single dynamically managed package which is fully integrated with our legal subject matter experts.

INDUSTRY TEAMS

Banks & Private Capital: We support the business and transactional activities of our domestic and global bank and private capital clients in an environment of increased regulatory change and commercial pressure.

Digital Economy: Our digital economy group adopts a tailored approach to the digitalisation of particular industries, with a key focus on fintech, infratech, proptech and TMT. The team advise on all aspects of work in the industry, including strategic commercial arrangements, M&A, IPOs, financing, joint ventures, outsourcing, disputes, exploitation of IP, tax and other key commercial activities.

Energy & Resources: Our specialists provide an end-to-end advisory service covering the full energy and resources value chains, including their various sub sectors, working on high profile projects and transactions globally which will shape the industry for decades to come. This experience spans renewables, energy from waste, oil & gas, mining & metals, decarbonisation technologies (e.g. energy storage, hydrogen, smart meters), conventional power and nuclear.

Infrastructure: We work as key advisers on iconic infrastructure projects across the transport, social infrastructure, energy and resources and telecommunications sectors for both public and private sector clients. Our in-depth knowledge of the industry and our history of working with governments, sponsors and financiers means we have a comprehensive and balanced view, and understand how projects work from all perspectives.

Real Estate: Our team advises on all aspects of real estate activity including high-profile acquisitions and divestments, asset management, large-scale development schemes, real estate finance, funds, joint ventures, construction, planning, environment and tax advice. Our one-stop-shop offering allows us to work with our clients on landmark, first of a kind deals across the built environment market and the many sectors within it.

INTERNATIONAL OFFICES

Abu Dhabi, Beijing, Brisbane, Brussels, Canberra, Dubai, Frankfurt, Glasgow, Hong Kong, India (best friend referral arrangement with Indian Law Partners), Jakarta (associated office), Jeddah (associated office), London, Luxembourg, Los Angeles, Madrid, Melbourne, Milan, Munich, New York, Paris, Perth, Port Moresby, Riyadh, Shanghai, Singapore, Sydney and Tokyo.

Department Name Email Telephone
Chairman Ben Tidswell
Global Managing Partner Paul Jenkins
London Managing Partner Ruth Harris
Ashurst Advance Chris Georgiou
Corporate Jason Radford
Finance, Funds & Restructuring Jamie Ng
Projects & Real Estate Lee McDonald & Sarah Sivyour
Strategic Advisory Lea Constantine
Banks Ben Tidswell
Private Capital & Funds Olga Galazoula & Mark stanbridge
Digital Economy Nick Elverston & Andrew Craig
Oil & Gas Michael Burns & Peter Vaughan
Power & Utilities Antony Skinner & David Wadham
Mining Lorenzo Pacitii & Yann Alix
Infrastructure Mark Elsey & Naomi Horton
Real Estate Sarah Watkinson
Photo Name Position Profile
 Claire Dutch  photo Claire Dutch Partner, Co-Head of Planning and Environment
Number of global partners : 400+
Number of other global fee earners : 1600+

The Lex 100 Verdict

Ashurst boasts the enviable combination of ‘top-tier finance work’ with being a ‘genuinely welcoming and nice place to work’. A ‘big emphasis on diversity’ and a ‘progressive, modern outlook’ also encouraged trainees to apply. The ‘openness of staff at all levels’ and a ‘willingness to work as a team’ are proof that ‘the people here really want you to develop and grow professionally and personally’. Ashurst has amassed no less than eight Lex 100 Winner awards this year, in categories such as client contact, inclusiveness and living up to trainee expectations. Working from home due to the pandemic has brought with it some challenges, one of which is maintaining a work/life balance due to the ‘lack of boundaries’. ‘It can be extremely difficult to log off and turn your attention away from work commitments’, reported one trainee. Despite the obvious hurdles, several recruits nonetheless reported ‘feeling supported’ whilst working remotely, and even enjoyed ‘chatting to others on informal ‘trainee catch up’ calls’. Ashurst’s mental health support services also deserve applause during this time. Grumbles included the ‘disparity in how busy departments are and how much responsibility you get as a trainee’ and the ‘lack of clarity around seat allocation’. Ashurst trainees’ best moments were ‘covering for a junior associate and attending client meetings in person’, ‘a secondment to Hong Kong’ and ‘my supervising partner setting aside an hour every Friday to give me some one-on-one training’. Recruits did not look back fondly on ‘sending an email to the wrong client’ or ‘relentless hours in transactional departments’. For a firm where the work is ‘just as high quality as the Magic Circle, but with a softer and friendlier culture’, research Ashurst.