Linklaters LLP > London, England > Firm Profile

Linklaters LLP
ONE SILK STREET
LONDON
EC2Y 8HQ
England

Corporate and commercial > Equity capital markets – mid-large cap Tier 1

The broad practice of Linklaters LLP is strong in UK high-end listings and ‘able to bring in subject-matter experts as required as well as a wide team in their continental office network’. Recommended as ‘peerless in advising and steering the ECM industry at large’, the firm supports banks in changing the London regulatory environment, and is active in international deals including in the Netherlands and UAE. Expertise covers SPACs, de-SPACs, IPOs and M&A in the ECM space. John Lane acts for issuers and underwriters on equity transactions and has experience in private and public M&A. He co-leads the team with Jason Manketo, who advises clients across the life cycle of their equity capital markets activities. Other key names on the deep bench are Pam Shores, who is US lawyer based in London with strength in equity and debt capital markets; Tom Thorne, who specialises in equity capital markets and listing rules driven transactions; and James Wootton, who assists corporate and financial institutions on a wide range of corporate transactions.

Practice head(s):

John Lane; Jason Manketo

Other key lawyers:

Tom Thorne; James Wootton; Pam Shores; Peter Bevan; Nik Kiri

Testimonials

‘An outstanding ECM legal practice. Hugely experienced and talented team – with best in class legal and regulatory knowledge, drafting and negotiation skills, attention to details, consistency, rigour and responsiveness to cover any and all ECM deals, allied with superb client and execution skills, and consummate care, attention and efficiency.’

‘They are entirely trusted, reliable and effective whether acting for the banks, issuers or sellers – ensuring efficient execution, practical solutions, common sense and successful and well-thought-out results.’

‘They are peerless in advising and steering the ECM industry at large, assisting on countless involved and time consuming ECM practitioner working groups, to tackle the plethora of new regulation and the complexities of market practice change and development that has affected ECM in the UK and throughout EMEA over the last two decades, and shows no sign of abating.’

‘In London, ECM partners such as John Lane, Jason Manketo, James Wooton, Tom Thorne, and Pam Shores stand out, ably supported by their stand-out regulatory partners such Peter Bevan and Nik Kiri who cover ECM.’

‘They are able to bring in subject matter experts as required as well as a wide team in their continental office network.’

‘John Lane is one of the deans of the UK ECM markets.’

Key clients

Unilever plc

VAM Investments SPAC B.V.

TDR Capital

Modulaire

Wise plc

Endeavour Mining

Energy Transition Partners B.V.

Alphawave IP

Anglo American plc

Thungela Resources

Travis Perkins

Vodafone

Vantage Towers

Petrofac Limited

Brait plc

ekaterra

Work highlights

  • Advising Unilever PLC on the dual-track process for the sale of its tea business ekaterra (ultimately a €4.5bn sale to CVC).
  • Advising Wise plc on its £8bn Direct Listing on the London Stock Exchange.
  • Advising the underwriters on the £3.5bn IPO of Oxford Nanopore Technologies.

Corporate and commercial > EU and competition Tier 1

Well-regarded for its ability to marry a ‘high calibre, technical capability‘ with a ‘commercial and pragmatic’ approach, Linklaters LLP‘ sizeable practice is consistently engaged by some of the biggest companies in the world for assistance in high-stakes regulatory, transactional, and contentious matters. In recent months, the team has concentrated its position in the healthcare and technology sectors, advising on takeover bids, contractual breaches, and foreign investment clearance matters. Global antitrust and foreign investment head Nicole Kar maintains a prolific merger investigations practice, and serves as a key adviser to a diverse roster of financial institutions, retailers, mining groups, and healthcare operators. The group’s wide-ranging expertise in UK utility regulation – including sectoral regulator-led investigations and price control appeals – is underpinned by Natura Gracia, a dual-qualified (English and Spanish) state aid/subsidies and public procurement specialist who regularly advises a range of water companies and energy providers. Simon Pritchard is consistently engaged for his track record in Phase 2 merger inquiries, cartel investigations, and merger litigations, while Anna Mitchell is particularly strong in UK and EU merger control, investigations, and market studies. Managing associate Verity Egerton-Doyle, noted for her experienced in CMA merger investigations and CA98 cases, is especially well-versed in tech and life sciences matters. Cartel investigations specialist Rachel Hetherington is also recommended. Kar recently took over as global antitrust head following the departure of Christian Ahlborn.

Practice head(s):

Nicole Kar

Other key lawyers:

Simon Pritchard; Natura Gracia; Anna Mitchell; Verity Egerton-Doyle; Jonathan Ford; Lauren O’Brien; Rachel Hetherington

Testimonials

‘Linklaters offers high-quality UK and EU advice in  both competition law and financial regulatory law. Our experience has been that they are good about delegating work to the appropriate level which provides better value than some otherwise similar firms. We also value their antitrust strength and depth beyond the EU on multi-jurisdictional questions.’

‘Practical and commercial. Dedicated to getting the job done, quality advice delivered with good humour and a collaborative approach.’

‘Simon Pritchard and Lauren O’Brien were next to me in the trenches for weeks on end. They had a real sense of shared endeavour, and maintained positivity and commercial insight/balance throughout.’

‘Great availability and responsiveness of key individuals; strength in depth; advice that is sensitive to the commercial context in which clients operate.’

‘Jonathan Ford is highly responsive and effective, and delivers context-sensitive advice. Natura Gracia is very impressive and good to work with.’

‘What makes them unique is the high calibre, technical capability of the team, coupled together with their ability to deliver commercial and pragmatic advice quickly and concisely.’

‘Rachel Hetherington and Jonathan Ford stand out for their ability to work consistently under pressure whilst maintaining a sense of humour and delivering excellent legal advice.’

‘Excellent breadth of knowledge of competition law; always our go-to in the event of any competition, regulation, or antitrust legal needs.’

Key clients

Scotia Gas Networks , Northern Gas Networks and Wales & West Utilities Anglian Water, Northumbrian Water

BGL Group Limited

GBST Holdings Limited

Thermo Fisher Scientific Inc.

JD Sports Fashion PLC

Brookfield Super-Core Infrastructure Partners (Brookfield) and Ontario Teachers Pension Plan (OTPP)

Dialog Semiconductor plc

Unilever

Teneo Restructuring Limited

Corporate and commercial > Financial services: contentious Tier 1

Magic Circle firm Linklaters LLP is hailed for its ‘unrivalled experience, commercial sense and client focus’. Martyn Hopper fronts the practice, leveraging his background at the FSA to support on array of market leading insider dealing, market manipulation, unauthorised trading and corporate disclosure proceedings, among others. Other integral names include Nikunj Kiri, a veteran of numerous PPI complaint, mis-selling, market misconduct matters, along with Alison Wilson, an authority for FCA investigations, internal investigations and pre-enforcement matters within the retail banking space. Ben Packer is famed for his work on PRA and FCA investigations, representing companies and individuals alike, while Clare McMullen serves as a leading name for market abuse work, conduct issues and AML proceedings. At counsel level, Elizabeth Dowd is a US-qualified lawyer whose recent workload includes a PPI complaint, benchmark manipulation and controls failings in the context of bribery and corruption risks.

Practice head(s):

Martyn Hopper

Other key lawyers:

Testimonials

‘Unrivalled experience, commercial sense and client focus, especially Martyn Hopper and Ben Packer.’

‘Relationship building is key for Linklaters and staff are readily available from associates to senior partners. Their focus on taking time to get to know their clients and build long term sustainable relationships is unique at a time when most firms are primarily focused on revenue generation. The firm delivers on quality of work and are mindful of budget – there is never a surprise with a bill – it’s clear from the outset with any further expenditure always agreed beforehand. The team is diverse and they collaborate well with both clients and each other.’

‘Susana Cao Miranda and the team at Linklaters take the time to understand our business, cut through the legalese, recommend clear ways forward, stay on budget, produce high quality work and inspire confidence. As a foreign bank in the UK, Linklaters are extremely mindful of the cultural aspects and adapt accordingly. It’s an extremely knowledgeable team and they are highly thought of throughout our organisation.’

‘Deep expertise combined with smart, sensible advice.’

‘Both Martyn Hopper and Alison Wilson are exceptionally good with internal business clients.’

‘The contentious team at Linklaters is excellent. They are intelligent and strategic at all levels. We enjoy working with them and trust their judgment and advice.’

‘Martyn Hopper is excellent. He is very intelligent, pragmatic and commercial, and is not afraid to give very frank (and helpful) opinions.

Corporate and commercial > Financial services: non-contentious/regulatory Tier 1

Linklaters LLP is famed for its ‘strength in-depth, commercial expertise and context-sensitive advice’; its practice is fronted by Martyn Hopper and is backed by Michael Kent’s first-rate knowledge of market infrastructure developments, namely clearing systems, trading platforms and settlement systems. Peter Bevan has distinct expertise in new product development, trading issues and regulatory structuring and the team is also home to significant fintech expertise in the form of Harry Eddis, a payment systems and payment services specialist. Nikunj Kiri is the group’s contentious regulatory and risk management authority while, at the more junior end of the partnership spectrum, Sebastian Barling is an expert on the impact of a number of key directives and Alastair Holt has notable regulatory licence, prudent regulation and conduct of business expertise. At counsel level, Raza Naeem is a name of prominence, particularly in respect of retail and wholesale conduct, ESG and governance affairs. Carl Fernandes re-joined the firm from Latham & Watkins in January 2022.

Practice head(s):

Martyn Hopper

Testimonials

‘Strength in depth; commercial expertise; context-sensitive advice.’

‘Michael Kent – excellent judgement, excellent risk-based adviser.’

‘Super responsive and commercial. Time taken to really understand the client structure and operating model.’

‘We primarily work with Michael Kent, whose knowledge and experience is invaluable. He is technically sharp and quickly grasps complex topics, and he advises in a way that is understandable, practical and makes commercial sense. He is also an absolute pleasure to work with.’

Key clients

Visa Europe Limited

SMBC Bank International plc

Fnality International Limited

Masthaven Bank Limited

Corporate and commercial > M&A: upper mid-market and premium deals, £500m+ Tier 1

Drawing superlative praise from a litany of clients, Linklaters LLP has a near-unrivalled reputation for blockbuster public company deals, working with dozens of FTSE 100 entities on a wealth of multi-billion pound transactions. Global corporate head Simon Branigan manages a number of the firm’s most consequential client relationships, with recent highlights including acquisitions and disposals in the consumer goods, mining, and software sectors. Owen Clay – another key relationship partner for a diverse roster of market-leading corporates – possesses considerable expertise in conventional energy matters, as well as in TMT and manufacturing deals. Nick Rumsby is involved in a formidable volume of public M&A engagements, driving or advising upon a broad spectrum of big-ticket sales and purchases. In recent months, global infrastructure co-head Jessamy Gallagher has advised on cross-border acquisitions and investment transactions across the energy and utilities space, while Dan Schuster-Woldan is principally noted for his insurance sector acumen. Spearheading the team’s fintech offering, UK ring-fencing regime expert Fionnghuala Griggs is sought out by numerous financial institutions for her capabilities in multi-jurisdictional M&A and consortium deals. Derek Tong, who chairs the UK tech department, continues to handle high-value, cross-border matters, including strategic acquisitions and multi-jurisdictional carve-outs. Sarah Flaherty, who has returned to the practice after a two year secondment to the takeover panel, is noted for her expertise in mining and pharmaceutical transactions.

Practice head(s):

Aedamar Comiskey; Simon Branigan; James Inglis; Nick Rumsby; David Martin

Testimonials

‘Professionalism, depth of talent, wide range of expertise.’

Best corporate lawyers in town!’

‘When dealing with transactions of this size, it is imperative to have the right team in place – Linklaters are that team.’

‘Very competent and highly experienced, as well as diverse.’

 

Key clients

Unilever

Vodafone

G4S

Caesars Entertainment

BP

CK Hutchison

Jardine Matheson

Tate & Lyle

Visa

Anglo American

Glencore

Deloitte

Hochschild

Capita

Nestlé

Work highlights

  • Advising G4S plc on its recommended £3.8bn cash offer from Allied Universal and its takeover defence against a hostile offer from Garda World.
  • Advising CK Hutchison on the €10bn sale of its large portfolio of telecommunications towers assets in Europe to Cellnex, the Spanish telecoms infrastructure company.
  • Advising Caesars Entertainment in relation to its recommended cash offer for William Hill plc.

Dispute resolution > Banking litigation: investment and retail Tier 1

Linklaters LLP’s market-leading banking litigation team is known for its expertise representing clients in high value and high profile domestic and cross-border banking disputes, often involving  regulator scrutiny and financial or reputational impact. The team , which is led by contentious regulatory specialist Alison Wilson and Christa Band, benefits from working with lawyers in other parts of the firm, including its financial regulatory, banking, derivatives and structured products, and capital markets practices. Other key names in the practice include Patrick Robinson, whose broad practice  frequently sees him advising clients on structured product-related disputes, Rory Conway, whose expertise includes insolvency-related issues, and Susana Cao Miranda, who previously worked in-house at Goldman Sachs. The team acts for well known financial institutions including  Societe Generale. Sarina Williams was promoted to partner in May 2021.

Practice head(s):

Alison Wilson; Christa Band

Key clients

The joint administrators of Lehman Brothers International (Europe) (in administration)

Société Générale

NatWest Markets Plc (“NWM”)

OCM (Gibraltar) Chemical Tankers Limited (“OCM”)

Equiti Capital UK Limited

Work highlights

  • Advising Equiti Capital UK Limited (EUK) in connection with a Commercial Court claim issued by Dismatrix SPC, Asyndeton and Polysyndeton under claim number CL-2020-000712.
  • Advising Société Générale in relation to an action brought by a large number of claimants on 11 November 2020.
  • Advising the administrators of Lehman Brothers International (Europe) (LBIE) in connection with a contested application before the High Court concerning the ability of LBIE to cure any continuing Events of Default under the ISDA Master Agreement.

Employment > Employee share schemes Tier 1

The sizeable employee incentives team at Linklaters LLP often acts for FTSE 30 companies, large banks, international asset managers and conglomerates on the share plan and remuneration elements of big ticket cross-border transactions, including M&A, rights issuances, and takeovers. The financial services sector is a particular area of focus, where practice head Alexandra Beidas receives strong praise from clients for her 'knowledge of regulatory remuneration matters'. Other key names are Cara Hegarty and Bradley Richardson, who together have extensive experience advising listed and unlisted companies on executive remuneration, share plans and incentive schemes.

Practice head(s):

Alexandra Beidas

Other key lawyers:

Testimonials

‘Technical expertise, availability, sincerity, and problem solving.’

‘Working in partnership with the business. Mutual respect.’

‘Linklaters demonstrated good knowledge of new regulations and collaborated very well to address our questions and provide solutions.’

‘The Linklaters team invested time in understanding our business requirements in order to advise how new regulations would impact us. Alexandra Beidas’s knowledge of regulatory remuneration matters was an asset and very valuable during our work with Linklaters.’

‘The whole team is great and such a pleasure to work with, particularly Cara Hegarty, who is responsive, commercial and calm, and Ben McCarthy, who is enthusiastic and practical.’

Key clients

Unilever

Dialog Semiconductor

BP

Aristocrat Leisure

Wise

Alphawave

Endeavour Mining

Global Infrastructure Partners

Blackstone

Cascade

Ameriprise Financial

Work highlights

  • Advised Unilever on the share plan aspects of the sale of its global tea business to CVC Capital Partners for €4.5 bn.
  • Acted for Wise on the share schemes aspects of its UK first direct listing and 2021’s high-profile flotation on the London Stock Exchange at a valuation of over $11bn.
  • Advised a consortium of investors, comprising Global Infrastructure Partners, Blackstone and Cascade, on all share scheme elements of  its $4.7bn offer for Signature Aviation, a London-listed market-leading provider of global aviation support services.

Employment > Employers Tier 1

Lauded for its track record in big-ticket tribunal and High Court cases, Linklaters LLP‘s practice head and key litigator Nicola Rabson has ‘unparalleled experience’ acting on behalf of financial sector clients and PLC’s in investigations, restrictive covenants and board and management level issues. It is also increasingly instructed on mandates relating to workplace culture, approaches to flexible working and workplace activism. Jean Lovett leads the transactional employment practice, and Sinead Casey is a solid choice of counsel for investigations and crisis management mandates.

Practice head(s):

Nicola Rabson

Other key lawyers:

Testimonials

‘The strength of this team is their ability to work with all areas of the organisation, explain issues in ways that can be understood and also tackle issues and give practical and pragmatic solutions. All the while being professional, clam and technically correct.’

‘Deep knowledge of the law across numerous jurisdictions and excellent collaboration among the firms’ offices in various countries.’

‘Nicola Rabson picks up at any time, works through all the issues and also manages to smile and make you feel part of the solution. ‘

‘Stand out practitioner in Nicola Rabson who is super smart, with great judgment, providing excellent strategic oversight and great with clients – a joy to work with.’

‘Having Nicola Rabson makes this practice unique. She has unparalleled experience across investigations, litigation, crisis mandates, whistleblowing and discrimination.’

‘Nicola Rabson is the ultimate adviser – always calm in a crisis and with sound strategic commercial judgment. She is unbelievably responsive and considered and the best there is.’

‘Sinead Casey in particular is a stand-out. She has an excellent take charge ability, to go along with excellent judgment and poise.’

‘The Linklaters employment team is superb. The lawyers are all very hard working and provide excellent advice and their written work is of the highest quality.’

Key clients

Unilever

Nomura

Glencore International

Endeavour

Reckitt Benckiser Group

The Linklaters Diversity Faculty

Work highlights

  • Advised Reckitt Benckiser Group on its successful defence to a multi-million pound Employment Tribunal claim by a former senior employee and member of Reckitt’s Executive Committee.
  • Advised Endeavour Mining PLC on the employment aspects of its IPO on the London Stock Exchange.
  • Established The Linklaters Diversity Faculty – a dedicated offering for clients within the Employment & Incentives group, bringing together lawyers alongside dedicated diversity and inclusion (D&I) business advisors.

Employment > Pensions: dispute resolution Tier 1

Linklaters LLP is known for handling high-profile pensions litigation and regulatory disputes, with the team commended by clients for being ‘able to deal with high-quality technical and substantial pensions cases‘. In addition, the group is well-versed in mediation. The team is led by Mark Blyth, who has substantial experience before the pensions regulator and pension protection fund, with a focus on scheme funding and restructuring issues, benefit redesigns, the construction of scheme rules, rectifications, and representing clients bringing professional negligence claims. Blyth is ably supported by managing associate Sarah Opie, who has recent experience in rectification and regulatory enforcement cases; and solicitor-advocate Geoff Egerton, an expert in acting for trustees, employers and professional advisers in professional negligence claims.

Practice head(s):

Mark Blyth

Other key lawyers:

Testimonials

‘Mark Blyth brings a depth of pensions knowledge to the table combined with excellent litigation skills which help to facilitate innovative and effective outcomes.’

‘Linklaters is able to deal with high quality technical and substantial pensions cases. It typically acts for blue chip corporate employers with substantial pensions schemes, but also act for trustees of large pension schemes. As a result they have acted in many of the largest and high-profile pensions cases of recent years.’

‘Mark Blyth is very clever, always on top of the papers and well organised. he is also a tough negotiator. Sarah Opie provides support on the more technical areas of pensions law. She is both clever and very knowledgeable.’

Key clients

Merchant Navy Ratings Pension Fund

KPMG

Work highlights

  • Acted for the Trustee of Merchant Navy Ratings Pension Fund and commenced a complex multi-party High Court proceeding to determine the entitlement of members to ill-health early retirement pensions.
  • Acted for KPMG LLP in relation to two formal investigations by the FRC and ICAEW, following complaints made by the Pensions Regulator, in connection with advice over the sale of Silentnight to the private equity company HIG in 2011.

Employment > Pensions (non-contentious) Tier 1

At Linklaters LLP, the standalone pensions practice acts for trustees, employers, insurance companies and consolidation vehicles, and handles the gamut of pensions issues. For investments, the group is well-versed in ESG and fiduciary management; on the fund consolidation front, it has significant experience in master trust arrangements and related authorisations; the funding offering includes advice on long-term funding agreements. Liability management is another core competency, and the group is often instructed on buy-ins, buy-outs and longevity swap structures; while the team is also noted for supporting colleagues with corporate reorganisations, transactions and insolvencies. Claire Petheram  heads the global practice, and is experienced in scheme mergers and consolidations, as well as benefit changes and equalisation issues, also areas of expertise for Tim Cox. Rosalind Knowles  leads the pensions investment team, bringing together experts in investment management, derivatives, structured projects, and pensions. Philip Goss is praised by clients for his expertise in de-risking projects.

Practice head(s):

Claire Petheram

Other key lawyers:

Tim Cox; Rosalind Knowles; Philip Goss; John Sheppard; Sarah Parkin

Testimonials

‘Strength in depth and consistent. Very thorough and responsive. Very strong associates in the team making for a very good pipeline.’

‘Team has wide experience of UK pensions landscape and developing trends including; longevity hedging, Climate reporting and contingent security. Continues to add and develop junior staff effectively and works seamlessly with other specialists in the firm.’

‘Phil Goss is highly capable and technically strong. Shows good commercial judgement and is creative and pragmatic in seeking solutions.’

‘Not only do they have extensive knowledge and understanding of the schemes, they are pension specialists which is essential to perform their role. In addition to the pensions expertise, I have been impressed with the wider Linklaters offering.’

Key clients

Rentokil Initial Pension Trustee Limited, as Trustee of the Rentokil Initial 2015 Pension Scheme

AXA UK plc and AXA UK Pension Trustees Limited

Barclays Pension Funds Trustees Limited

MMC UK Pension Funds Trustees Limited

British Airways plc

Trustee of the Mineworkers’ Pension Scheme

Trustee of the Vesuvius Pension Plan

RBS International Employees’ Pension Trustees Limited (Trustee of the RBS International Pension Trust and the Trustee of the RBSI Widows and Orphans Purpose Trust)

Work highlights

  • Advised the Trustee of the Barclays Bank UK Retirement Fund on a c.£5bn longevity insurance transaction.
  • Advised the Trustee of the Mineworkers’ Pension Scheme through a challenging and highly politicised Select Committee process.
  • Advised the Rentokil Initial 2015 Pension Scheme on a full buy-out.

Finance > Acquisition finance Tier 1

Drawing on ‘excellent strength-in-depth‘ in its London office and across its extensive international network, Linklaters LLP is well-positioned to handle multi-jurisdictional sponsor and corporate-led acquisition finance mandates for a balanced roster of borrowers and lenders. Under the leadership of David Irvine (‘excellent commercial instincts’) and Oliver Sceales , both of whom have strong financial sponsor ties, the team has ‘strong leveraged finance knowledge’ and is adept at advising across the full scope of financial products, including bank and bond financing on large cap mandates, as well as on direct lending mandates. Edward Aldred  is also a popular choice among sponsor clients, as a result of his experience across the gamut of loan products, from syndicated institutional covenant-lite incurrence-based TLB facilities through to unitranche and covenanted maintenance loans. Philip Spittal  advises a balanced borrower and lender client base on event-driven and leveraged finance deals and, alongside creditor-focused partner Nick Syson , is able to call upon a vast amount of knowledge as a result of many years’ experience advising on mandates throughout the credit spectrum. Pathik Gandhi is ‘very efficient at getting the deal done with minimum fuss’ and together with Chris Medley is a driving force behind the firm’s growing creditor offering. Newly promoted partner Rohan Saha is well-versed at advising both banks and sponsors on leveraged finance mandates.

Practice head(s):

David Irvine; Oliver Sceales

Other key lawyers:

Philip Spittal; Oliver Edwards; Toby Grimstone; Nick Syson; Edward Aldred; Chris Medley; Thomas Waller; James Martin; Ian Callaghan; Andrew Jennens; Pathik Gandhi; William Evans; Caroline Courtney; Daniel Peach; Shayan Hasan; Sam Mahboubian; Atish Shah; Angus Graham; Rohan Saha; Brad Pawlak

Testimonials

‘The team is very diverse and boasts excellent strength in depth.’

Strong leveraged finance knowledge.’ 

David Irvine’s leadership, coupled with the promotion of a number of new partners, has really revitalised the firm’s offering. It’s a pleasure to work with them – their advice is timely and commercially sound.’

David Irvine is a great operator – very knowledgeable and with excellent commercial instincts.’

Pathik Gandhi is an up-and-coming junior partner – he is very efficient at getting the deal done with minimum fuss and has a very personable and collaborative approach.’

 

Key clients

The Carlyle Group

Hg

DigitalBridge

KKR

Astorg

Brookfield

CVC

Hillhouse

PAI

IPI Partners

Barclays

Bank of America

Citibank, N.A.

Deutsche Bank

Credit Agricole

HSBC Bank Plc

J.P. Morgan

MUFG Bank, Ltd.

Nomura

Work highlights

  • Advised Hillhouse on the €4.4bn financing of its acquisition of the Philips Domestic Appliances business from Royal Philips.
  • Advised HSBC and Royal Bank of Canada as joint underwriters, arrangers and bookrunners on a £5.75bn financing to a group of investors led by Fortress on its £6.3bn bid to acquire Wm Morrison Supermarkets Plc.  
  • Advised GBL and Webhelp, in relation to financing matters and the acquisition of OneLink.

Finance > Bank lending: investment grade debt and syndicated loans Tier 1

Drawing upon strong product knowledge at both the front end of a deal, as well as in a refinancing/restructuring context, Linklaters LLP‘s ‘knowledgeable’ banking team is a popular choice among banks and investment grade corporates (including a high proportion of FTSE 100-listed clients). As well as regularly picking up a strong pipeline of syndicated lending work the firm also handles a disproportionately large proportion of corporate M&A financings. The team has also been very active advising borrowers on sustainability-linked financings, including Ian Callaghan‘s recent advice to Balfour Beatty Plc on the conversion of their £375m revolving credit facility to the largest sustainability linked loan in the UK construction sector to date. Toby Grimstone‘s practice consists of syndicated and secured bank financings and although he is active across a range of sectors, he is particularly well-versed at advising on mining/energy financings, including those with an emerging markets nexus (invariably export credit backed). Oliver Edwards co-heads the corporate and structured lending team alongside Grimstone and has a broad creditor practice that encompasses niche expertise in margin lending, as well as liquidity financings to other financial institutions. Philip Spittal often handles syndicated lending work in his role as global co-head of banking and is a key member of the team that also includes Caroline Courtney, who is well-versed across a range of products, including as it relates to syndicated lending and asset finance.

Practice head(s):

Philip Spittal; Oliver Edwards; Toby Grimstone

Other key lawyers:

James Martin; Ian Callaghan; William Evans; Caroline Courtney; Sam Mahboubian; Atish Shah

Testimonials

The excellent team is knowledgeable, very committed to the timetable and responsive.’

‘Very nice, friendly team, arranging for the best coverage.’

‘Strong team and specific Sappi institutional knowledge, very committed to timetable, excellent and fast communication.’

Key clients

Rio Tinto Plc

Mitie Group Plc

Viterra Finance B.V.

Holcim Limited

Aristocrat Leisure Limited

Petrofac Limited

MOL Group

Balfour Beatty Plc

Endeavour Mining Plc

Caffè Nero

Work highlights

  • Advised Balfour Beatty Plc on the conversion of its £375m revolving credit facility to the largest sustainability linked loan in the UK construction sector to date.
  • Advised Rio Tinto Plc on the drafting and execution of a significant refinancing and renegotiation of their existing revolving credit facilities in the form of a new $7.5bn multi-currency revolving credit facility with a broad syndicate of banks.
  • Advised Holcim Ltd in relation to a €3bn multicurrency revolving facility agreement with 24 lenders.

Finance > Corporate restructuring & insolvency Tier 1

Co-headed by Rebecca Jarvis and Richard Bussell, Linklaters LLP‘top-class’ 16-partner London restructuring team provides ‘commercial, practical and solutions-focused’ advice to  a varied range of stakeholders, including lenders, funds and corporates. The team advises across the spectrum of contentious and non-contentious work, ranging from formal insolvencies through to balance sheet restructurings and distressed M&A. The firm excels in handling multi-jurisdictional and multi-disciplinary work, and frequently works alongside colleagues throughout its international network, as well as in complementary practice areas. In a matter exemplifying this approach, Bussell recently led restructuring work from London, working alongside litigators from Amsterdam and Munich on Steinhoff’s global settlement of substantial contingent liabilities that arose from accounting irregularities. James Douglas also had a key role in the matter and is appreciated by funds clients, in particular, for his ability to provide ‘very clear and balanced advice’ in complex and often highly contentious scenarios. Richard Hodgson is ‘innovative, thoughtful and user friendly‘ and has developed a particular strength advising IPs on high-profile restructurings in the retail sector. Nick Le Masurier and Sarah Mook , both of whom formerly held  in-house positions at major investment banks, are also key members of the team and bring a unique perspective to clients across a wide array of cross-border restructuring work. Tony Bugg  is also recommended.    

Practice head(s):

Rebecca Jarvis; Richard Bussell

Other key lawyers:

Tony Bugg; James Douglas; Richard Hodgson; Nick Le Masurier; Sarah Mook; Matthew Harding; Liam Robinson; Damien Gomez; Euan Clarke; Susan Roscoe; Rory Conway; Chris Stevenson; Max Krasner; Juliana Leite de Barros; Francesca Amey; Sam Carroll

Testimonials

‘Linklaters has a top class restructuring and insolvency team in London – the team is incredibly responsive, commercial, practical and solutions-focused.’

Can be relied on to provide excellent advice across all aspects of the restructuring market, both creditor and client side.’

Richard Hodgson – a top class adviser who is innovative, thoughtful and user friendly. His enormous experience means that nothing phases him.’

James Douglas provides very clear and balanced advice, and provides a lot of comfort during difficult matters.’

Richard Bussell and James Douglas are at the top of their game.’

 ‘Max Krasner – a rising star. Definitely one to watch.’

Key clients

Interpath Advisory

Teneo

Steinhoff

PwC

Caffè Nero

National Westminster Bank PLC

KKR

Davidson Kempner

HSBC Bank PLC

Barclays Bank PLC

FTI

Citi Bank

JPMorgan

Lloyds Bank PLC

EY Parthenon

BAML

Alix Partners

Alvarez and Marsal

BAIN

SVP

Work highlights

  • Advised Teneo Restructuring Limited, acting as joint energy administrators of Bulb Energy Ltd.
  • Advised Steinhoff International Holdings and its subsidiaries on its successful global settlement of substantial contingent liabilities that arose from accounting irregularities first announced by Steinhoff at the end of 2017.
  • Advised the Co-Com of the syndicate of lenders to Comdata S.p.A.., a leading global service provider in customer management, in restructuring its €595m senior debt.

Finance > Debt capital markets Tier 1

Linklaters LLP is 'at the cutting edge of DCM, providing strong technical advice in tune with legal and market developments, and smooth transaction management', according to one client. 'Having been there at the inception of the debt capital markets decades ago, they have always had a leading position and a high level of expertise', remarks another. The 'level-headed, technically spot on' Ben Dulieu leads the practice. Cecil Quillen is 'a top US partner with so much experience, he has seen everything'. Elaine Keats, who handles both ECM and DCM transactions, is 'extremely experienced and knowledgeable, as well as super responsive'. Senior capital markets partner Richard Levy and his team of associates 'really care about the relationship and always try to make sure the client is comfortable'. The 'tenacious and thoroughRichard O’Callaghan is highly recommended for equity-linked transactions. Carson Welsh is a key partner in the practice. The firm has a strong team of emerging partner talent, among them Arjun Muddu, and managing associates including the 'meticulous' Andrew Chaplin.

Practice head(s):

Ben Dulieu

Other key lawyers:

Cecil Quillen; Richard Levy; Amelia Rice; Vidhu Gupta; Richard O’Callaghan; Carson Welsh; Arjun Muddu; Andrew Chaplin

Testimonials

‘Excellent debt capital markets team with some strong partners and assistants. Having been there at the inception of the debt capital markets decades ago, they have always had a leading position and a high level of expertise.’

‘Ben Dulieu is excellent. Level-headed, technically spot on. Very available and responsive and he clearly supports his assistants. Cecil Quillen a top US partner with so much experience. He has seen everything.’

‘Elaine Keats is my go-to partner for DCM. Extremely experienced and knowledgeable as well as super responsive. She’s generous with her time and visible during transactions.’

‘We have worked very closely with Richard Levy and managing associates Amelia Rice and Vidhu Gupta. Their teamwork is exceptional and they are always a pleasure to work with, as well as being approachable and readily available when needed. They really care about the relationship and always try to make sure we are comfortable with how things are working overall including legal spend/fees. Richard, as partner, is always aware of what’s going on, even at those times when we are working pretty much exclusively with the associates.’

‘Equity-linked work is among the most complex of the capital markets products but Linklaters know their stuff, are highly commercial and “speak the language” of market participants in a way that few other law firms can do. They spot issues and, along with us, collate views from the market.’

‘Richard O’Callaghan is a newer face but steadily gaining a reputation as an equity-linked practitioner too – he excels in emerging market deals in particular and worked on the SASA transaction. He is tenacious and thorough – he just keeps going.’

‘Andrew Chaplin is an outstanding senior associate. He is my go-to senior associate for regulatory capital transactions. He is meticulous and is able to communicate complicated matters in a clear and succinct manner. Top-class.’

‘Linklaters, with Richard Levy and his team, are exceptionally knowledgeable in their field and always up to date on developments in the sector. They deliver on time and go the extra mile where required. Linklaters are professional, reliable, efficient and highly adept in their advice. Richard and his team have a nice and friendly attitude and are always easy to work with.’

Key clients

NatWest Markets

Citi

UBS

HSBC

BNP Paribas

European Investment Bank

Anglo American

Experian

Unilever

Vodafone

JP Morgan

Morgan Stanley

Work highlights

  • Advised the arranger, dealers and bookrunners on the £10bn establishment of a Global Medium-Term Note Programme by London Stock Exchange Group plc. This was an innovative bond offering that made use of the LSEG Flow technology platform for capital markets transactions, powered by Nivaura.
  • Acted for Adecco International Financial Services B.V. as issuer and Adecco Group AG as guarantor as English and Dutch legal advisers on three concurrent issues of securities with a combined value of €1.5bn, consisting of an inaugural issuance of hybrid securities and two senior drawdowns under Adecco’s €3.5 billion EMTN programme in order to finance an acquisition.
  • Advised joint bookrunners and ESG structuring agents in respect of the debut bond issuance of US$825m Guaranteed Green and Sustainability-Linked Notes by Ukrenergo, guaranteed by Ukraine. The notes were the inaugural bond issuance of the issuer and one of the first combined “green” use of proceeds and sustainability-linked deals ever globally.

Finance > Derivatives and structured products Tier 1

What makes the practice unique is the efficiency and reliability of delivery‘, remarks a client of Linklaters LLP, noting that the firm is ‘a leader in the industry‘. The practice is highly regarded for its work on securitised derivatives, CLOs, synthetic securitisations and repackagings, as well as OTC derivatives trading, prime brokerage, fintech and exchange-traded derivatives. Practice head Deepak Sitlani, Pauline Ashall and Simon Firth acted for the International Swaps and Derivatives Association Inc. (ISDA) on numerous strategic initiatives, among them the drafting and finalising the first iteration of the new 2021 Interest Rate Derivatives Definitions, and the new 2022 ISDA Securities Financing Transactions Definitions and SFT Schedule Provisions. Michael Voisin and counsel Richard Hay acted for European Investment Bank on a digital bond issuance, which involved the use of blockchain technology. Mark Drury acted for Fnality International Ltd in a project to establish a new global, wholesale payment system based on blockchain technology. Matthew Monahan and David Phillips handle OTC and securitised derivatives. Toby Gray is ‘a market-leading repackaged note specialist. Vinay Samani is ‘responsive, commercial, pragmatic and knowledgeable‘. Counsel Jennifer Ellis joined from MilbankPaul Lewis is now firm-wide managing partner.

Practice head(s):

Deepak Sitlani

Testimonials

‘The Linklaters derivatives and structured products team is a leader in the industry. My firm uses it for repackaging business and we always get reliable, efficient and to-the-point advice. What makes the practice unique is the efficiency and reliability of delivery.’

‘David Phillips, Leanne Banfield and James Joseph are outstanding. They have been a valued partner to our business for many years. We have collaborated on many projects and their support has been most impeccable.’

‘Linklaters have fantastic market knowledge and strong technical ability. In addition, they always seem to go the extra mile to find a structural solution to any legal issues which arise. The London team works seamlessly with the NY team, which is important to us.’

‘Vinay Samani is an exceptional partner. He is supported by a fantastic team of associates, who assist with our flow work but Vinay will always step in and make himself available when we require. He makes a real effort to assist us with structuring more complex repack transactions.’

‘Toby Gray is a market-leading repackaged note specialist and our relationship partner – exceptional.’

‘Linklaters Derivatives and Structured Finance Team is the best in the market in my view. At all levels staff are knowledgeable, engaged and really go the extra mile to offer innovative legal solutions. For many firms the relationship and knowledge is concentrated with the partner but in my experience the Linklaters team is talented and able to build relationships across all levels.’

‘Good responsiveness, great knowledge and pragmatic approach.’

‘The calibre of their partners and strength of depth of their associates is what makes this department stand out from the competition.’

Key clients

PGGM Vermogensbeheer B.V. and Alecta Pensionsförsäkring, ömsesidigt

Credit Suisse (Switzerland) Ltd

The International Securities Lending Association (ISLA)

International Swaps and Derivatives Association Inc. (ISDA)

European Investment Bank

PGGM Vermogensbeheer B.V.

Fnality International Ltd

Work highlights

  • The firm is primary counsel to the International Swaps and Derivatives Association (ISDA) for whom it acts regularly including most recently on, amongst other things, the 2021 ISDA Interest Rate Definitions (and updates to them), the 2022 ISDA SFT documentation and Russia/Ukraine market closures and disruptions advice.
  • Set up the first repackaging programme in the market designed to issue EUA linked notes and has since then worked with a number of clients on a wide range of similar programmes and transactions across different carbon allowance types in addition to EUAs, including California Carbon Allowances and UK Allowances.
  • Acted on a number of innovative deals this year, as well as working with industry bodies such as IACPM on market initiatives.

Finance > Securitisation Tier 1

Linklaters LLP is ‘one of the most prominent structured finance and securitisation practices in the UK and Europe and it has been at the forefront of the market for many years, advising banks and other market participants on regulatory and legal changes across asset classes‘. The firm is active for major players across all asset classes, and has a growing niche among non-bank mortgage originators. Mark Nuttall leads the firm’s structured finance group, founded by standout securitisation partner Julian Davies. Adam Fogarty, who handles CMBS, RMBS and ABS transactions, acted for PIMCO in a £325m securitisation of non-performing electricity invoices for Public Power Corporation in Greece. Andrew Vickery leads the firm’s finance group and its covered bond practice. He assisted TwentyFour Asset Management with a £288m RMBS backed by owner-occupied mortgage loans secured on properties in the UK. Among the firm’s emerging partner talents, Alexander Shopov is ‘clever, hardworking and technically unbeatable‘, Reza Taylor is ‘creative and finds solutions others might overlook‘, and Thomas Quoroll has ‘an amazing ability to juggle multiple difficult matters and comfortably outperforms many partners from other firms‘. Manging associate Aditi Srivastava also plays a key role in the practice.

Practice head(s):

Mark Nuttall

Testimonials

‘The customer service and attention to detail is great. Responsiveness is fantastic, no matter what time/day.’

‘Alex Shopov is technically unbeatable. Clever, hardworking and wants to deliver the very best service. Tom Quoroll is pragmatic, hands on and will find a solution that works for all sides. Amazing ability to juggle multiple difficult matters and comfortably outperforms many partners from other firms on matters he works on.’

‘Mark Drury and team make you feel like you are always their most important client. Even when not mandated on a specific item you feel like you can trouble them any time of the day and will get a prompt answer.’

‘Linklaters is one of the most prominent structured finance and securitisation practices in the UK and Europe. The London team around Andy Vickery has been at the forefront of the market for many years, advising banks and other market participants on regulatory and legal changes across asset classes.’

‘Andy Vickery provides oversight to deal teams and input on topics with sector wide relevance. He is highly experienced and well connected within the industry.’

‘Without doubt the firm I would go to for a difficult deal. Partners and associates have high standards and you know you’ll get the best service a law firm can offer.’

‘Partners are hands on and don’t simply jump in at the end of deal whilst leaving juniors to drown at the early stages. They look ahead to avoid problems.’

Key clients

SGS Finco Limited (SGS FinCo)

Cerberus

Invesco European RR L.P.

Alcentra Limited

Pacific Investment Management Company (PIMCO)

Morgan Stanley & Co. International plc

TwentyFour Asset Management (24AM)

Work highlights

  • Advised Cerberus on the first equity release mortgage since the financial crisis for Cerberus (Matter 2) and the £1bn SORD refinancing which was inspired by our CLO experts drew on structuring inspiration from the CLO market.
  • Advised Morgan Stanley & Co. International plc on a Lone Star sponsored €220m Spanish securitisation backed by a portfolio of mostly Spanish non-performing residential mortgage loans and REO assets, a first for Lone Star in Spain.
  • Advising Alcentra Limited with respect to the refinancing of three of their CLOs which they did over a short period of time to be able to take advantage of favourable market conditions.

Industry focus > Emerging markets Tier 1

Linklaters LLP co-ordinates a large emerging markets practice from London, where partners are active across Africa, the CEE, Southern Europe, China, India, Latin America, the Middle East, the CIS, Southeast Asia and Turkey. The firm's work spans banking and finance, corporate and M&A, capital markets, energy and infrastructure, and dispute resolution, with the team frequently acting for some of the world's largest corporates and financial institutions. Head of the Africa group Andrew Jones is a key partner in the energy and infrastructure practice. His group, which includes Ian Hunter and Michael Fanner, assisted Arise Côte d'Ivoire on the setting-up and development of three Economic Industrial Zones in Cote d'Ivoire in Abidjan, Ferkessédougou and San Pedro. Daniel Tyrer leads the global energy and infrastructure group, and he frequently advises on upstream oil and gas, LNG, pipeline and petrochemical plant projects across EMEA and the CIS. Capital markets partner Richard O’Callaghan acted for a multinational investment bank on the Republic of Serbia's issuance of €1bn in green notes due 2028 under its GMTN programme. Ian Andrews  left the firm in 2022.

Other key lawyers:

Andrew Jones; Ian Hunter; Michael Fanner; Daniel Tyrer; Richard O’Callaghan

Investment fund formation and management > Real estate funds Tier 1

UK head of investment funds Matt Keogh leads the team at Linklaters LLP. The team has a strong reputation for expertise across all major fund formation markets, acting for sponsors, management teams and investors. The globally integrated team works consistently on multi-jurisdictional, ultra-high-net-worth and complex real estate deals, alongside advising on the structuring, formation, taxation and regulation of all types of alternative investment funds, including open and closed-ended, perpetual core+ and real estate. In addition, the team has expertise in ESG advisory work, particularly within the European fund space. Managing associate Ben Jennings has experience in private equity, venture capital, hedge, debt funds and real estate work, assisting with both transactional and advisory matters for a broad range of clients. The ‘technically excellent’ and ‘unflappable’ Rahul Manvatkar is a standout team member, as is leader of the offering's private investment practice Clare Baker.

Practice head(s):

Matt Keogh; Silke Bernard

Other key lawyers:

Matt Keogh; Rahul Manvatkar; Clare Baker; Julia Vergauwen; Benjamin Jennings; Gareth Crimp

Testimonials

‘Excellent and well-resourced team at all levels.’

‘Rahul Manvatkar is unflappable, Matt Plaskow has great knowledge; insightful with an unbelievable work rate.’

‘Rahul Manvatkar is the best relationship partner that we’ve come across, not only is he technically excellent but he really cares about the growth of not only our business, but the growth of the supporting teams themselves and ensuring that everyone is aligned with our businesses’ development. We rely on Linklaters like an extra limb, they know that and they take care of us.’

‘We work with the real estate funds team in Linklaters because they provide our European funds platform with consistent, comprehensive and commercial advice in each of our working jurisdictions. We rely on the team to track our precedent positions, developing those across our different products and assisting each of those product client teams. Linklaters are very strong at managing us as client, and helping us each week identify workstreams where we can make progress.’

‘Dedicated and efficient; knowledgeable on market terms.’

‘Intimate knowledge of clients’ needs.’

Key clients

Hines

Aviva Investors

Barings

BlackRock

CBRE Investment Management

LaSalle Investment Management

Prologis

Aermont Capital

PSP Investments

Projects, energy and natural resources > Infrastructure Tier 1

Linklaters LLP offers clients ‘a strong balance between the commercial and legal approach’. It regularly advises on M&A and finance work in the infrastructure sector and has a deep bench of experienced partners, including some who specialise in structured finance and investment funds work. The team is led by senior corporate partner Jessamy Gallagher and financing practitioner Stuart Rowson, and leans on the firm’s extensive international network to provide clients with a fully integrated approach to cross-border transactions. Ross Schloeffel acts for investment funds and their lenders on acquisitions and disposals in the energy and infrastructure sectors, while Ian Andrews is a key name for infrastructure financing work. Another significant corporate partner is David Martin, who is well versed in multijurisdictional transactions and focuses on the digital infrastructure sector.

Practice head(s):

Jessamy Gallagher; Stuart Rowson

Testimonials

‘Strong balance between the commercial and legal approach’.

‘Quick to turn work around when required with the ability to work to a tight timeframe’.

‘Ross Schloeffel is extremely knowledgeable in offshore wind’.

‘Pragmatic and practical solutions to problems’.

‘Strong advice on the best route forward to achieve desired goals’.

‘Linklaters understood the specialities and features of our business such that we got a focused service and a tailor-made solution’.

‘Stuart Rowson is calm, incisive and pragmatic’.

Key clients

Brookfield

TDR Capital

CK Hutchison

Global Infrastructure Partners

Ontario Teachers Pension Plan

BlackRock

SIRO

Oaktree

Eurostar

Wheelabrator

JP Morgan

Macquarie Group

Meridiam Infrastructure Partners

Universities Superannuation

IFM Investors

Arqiva

National Grid

Canada Pension Plan Investment Board

British Government

Credit Agricole

DigitalBridge (formerly Digital Colony)

CPPIB

OTPP

Work highlights

  • Advised  National Grid on the sale of its UK gas transmission and metering business to a consortium of long-term infrastructure investors for an enterprise value of approximately £9.6bn.
  • Advised Modulaire Group and TDR Capital on the $5bn sale of the company to Brookfield Business Partners.
  • Advised on the $4.73bn recommended cash offer for ordinary share capital of Signature Aviation plc, a FTSE-listed company.

Projects, energy and natural resources > Mining and minerals Tier 1

Linklaters LLP acts for some of the world’s largest mining companies on a broad range of matters, with a focus on corporate M&A, financing, regulatory and compliance. It also draws on related practice groups, such as antitrust, taxation, IP and environmental, to provide a holistic service to clients. The team is jointly led by Toby Grimstone, James Inglis and Robert Cleaver, while Ian Hunter, Aisling Zarraga and Andrew Jones are key practitioners; Zarraga is a key name for public and private M&A, joint ventures, equity issues and general corporate matters; Hunter also handles corporate matters and is the managing relationship partner for key client Glencore; and Jones has considerable experience in mining transactions in Africa. Charlie Jacobs left for an in-house role at JP Morgan in the summer of 2021.

Practice head(s):

Toby Grimstone; James Inglis; Rob Cleaver

Testimonials

‘Very strong all rounder corporate practice’.

‘Aisling Zarraga is influential and has a calm demeanour’.

‘Much more human than some corporate teams at other firms’.

‘They are better than other firms at feedback – constructive or otherwise – so that we work as a team to get the best and most fit-for-purpose output’.

‘Aisling Zarraga is very user friendly’.

‘There is a good strong team and they have the language skills that we require as well and a lot of diversity’.

‘Ian Hunter is very knowledgeable in this space, is quick to understand the issues and attuned to any sensitivities’.

‘Ian Hunter knows our team well and gives good clear commercial advice’.

Key clients

Glencore

Anglo American

Rio Tinto

KAZ Minerals

Endeavour Mining

EVRAZ

Gold Fields

Jingye Group

Sibanye Stillwater

Anglo Gold Ashanti

Work highlights

  • Advised Endeavour Mining in connection with its redomiciliation from the Cayman Islands to the UK and its dual-listing on the LSE (premium listing) and the Toronto Stock Exchange (TSX).
  • Advised Anglo American plc in relation to the demerger of its South African thermal coal operations to Thungela Resources, as part of its strategy to transition away from thermal coal.
  • Advised Glencore on its acquisition of the remaining stake in the Cerrejón coal mine in Colombia from its joint venture partners, Anglo American and BHP.

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

Linklaters LLP is at the forefront of the renewables sector working on projects from initial development through construction to financing , M&A, trading and disposal. The firm advises on every aspect of wind power projects and continues to dominate the greenfield offshore wind market in the UK in addition to other key areas such as energy from waste. Global head of energy and infrastructure Daniel Tyrer co-leads the practice with Chris Staples  who deals with cross-border mandates. Construction expert Richard Coar  specialises in advising governments, sponsors and funders while Charlotte Morgan handles project finance transactions. Jeremy Gewirtz focuses on emerging markets and Francesca Matthews leads on acquisitions and disposals.

Practice head(s):

Daniel Tyrer; John Pickett; Chris Staples

Other key lawyers:

Key clients

SSE Renewables

Equinor

MUFG Bank Ltd

Banco Santander S.A

Credit Agricole Corporate and Investment Bank

Natixis

Equinor

Mainstream Renewable Power

Macquarie Infrastructure and Real Assets Europe

ITM Power

Department of Business Energy and Industrial Strategy (BEIS)

Work highlights

  • Advised on the construction, development and £3 billion project financing of the Dogger Bank C phase of the Dogger Bank Wind Farm, owned by SSE Renewables and Equinor New Energy.
  • Acted as legal counsel to MUFG, Bank Ltd., Banco Santander, S.A., London Branch, Credit Agricole Corporate and Investment Bank and Natixis on the project financing of Enfinium Skelton Grange and Kelvin energy-from-waste plants.
  • Acted for Mainstream Renewable Power on the 100% sale of its share capital, with 75% to be ultimately held by the renewable energy investment company, Aker Horizons and the remaining 25% to be held by the existing shareholders of Mainstream Renewable Power.

Projects, energy and natural resources > Water Tier 1

Linklaters LLP‘s water department is distinguished by its full service offering, providing advice in all key areas of the water sector, including M&A, finance, regulation and competition. Having been involved in the water sector since privatisation in the 1990s, the firm has a strong understanding of the sector. Julian Davies heads the water team and has expertise in financing and M&A matters. Natura Gracia, head of water regulation, specialises in competition law and has handled regulatory investigations and appeals to the CMA, including a successful price redetermination appeal in 2021 on behalf of Anglian Water and Northumbrian Water. Mark Nuttall heads the firm’s structured finance group and is an expert in infrastructure and utilities financing. Reza Taylor has acted on a number of restructuring matters and led on Anglian Water’s issuance of a sustainability-linked bond in 2021. Newly promoted counsel James McGivern is also recommended for infrastructure and utilities financing.

Practice head(s):

Julian Davies; Natura Gracia

Testimonials

“They are deeply involved in the sector and the issues.”

“Julian Davies, Mark Nuttall, Reza Taylor and James McGivern are all excellent at problem-solving – they are communicative, pragmatic and really get it.”

“An in-depth knowledge of issues impacting the sector. Strong team at all levels that reflects a well-established presence in the utilities sector. As a client it instils trust and confidence that challenging and/or time-pressured circumstances can be handled without serious concerns.”

“Mark Nuttall has continued to lead the Structured Finance Group with great aplomb. His advice and guidance has been highly valued during a challenging and busy period. Personally, it has been great working with Mark to find solutions that balance legal and commercial aspects.”

Key clients

Anglian Water

Assured Guaranty

South East Water

Southern Water

Sutton and East Surrey Water

Thames Water

South Staffs Water

Welsh Water

Yorkshire Water

Northumbrian Water

National Westminster Bank Plc

Work highlights

  • Acted for Anglian Water and Northumbrian Water in respect of the successful CMA redeterminations of PR19.
  • Acted for Anglian Water on the establishment of an innovative new capital structure and debut sustainability-linked bond.
  • Advised Southern Water on investigations by the Environment Agency.

Real estate > Environment Tier 1

Linklaters LLP‘s environment and climate change team is active across a range of sectors where environmental issues are commercially relevant or heavily regulated. It is regarded as ‘knowledgeable about the latest trends and developments in environmental law’, and advises corporates and financial institutions on incoming environmental and social requirements of investors and regulators. The team counts on the expertise of high profile individuals such as Vanessa Harvard-Williams, who is recognised for her expertise in the areas of human rights, environmental law and governance. ‘Personable, resourceful and knowledgeable’ Rachel Barrett specialises in advising clients interested in ensuring their approach to sustainability is robust and fit for purpose, as well as those facing or anticipating investor activism, brand damage and regulatory investigation. The team also counts on the expertise of Iyesogie Igiehon, who specialises in advising on environmental and health and safety matters in M&A and project finance transactions.

Practice head(s):

Vanessa Harvard-Williams

Other key lawyers:

Rachel Barrett; Iyes Igiehon; Aileen Buchanan, Chris Staples

Testimonials

‘Linklaters environment practice is providing a wide range of regulatory work and is knowledgeable about the latest trends and developments’ in environmental law, with particular expertise in ESG and particular climate change’.

‘Rachel Barrett is personable and resourceful, knowledgeable about the latest developments and trends and able to provide solid and commercial advice.’

 

Key clients

Ineos

Brookfield

Goldman Sachs

Unilever

Goldman Asset Management

Nestle

Climate Financial Risk Forum

Hillhouse Capital

ITM Powe

Work highlights

  • Advising Unilever in the sale of its tea business, including preparation of vendor due diligence for the sale and the separation of the tea business from the remaining Unilever business, liaising with the environmental consultant with respect to the preparation of technical environmental due diligence reports for all relevant jurisdictions and review of such reports, and liaising with local counsel on the provision of advice in respect of environmental permit transfers for the new TeaCo.
  • Advising Nestle and Nestle SA in relation to Green claims, product related sustainability claims, regenerative agriculture, carbon insetting and offsetting templates; and on a project led by the UK business, the development of a model to effectively channel financing into sustainable agriculture projects with transfer of climate and biodiversity accounting benefits to corporates with climate and biodiversity targets.
  • Advising ITM Power plc, the energy storage and clean fuel company which focusss on the production of green hydrogen, on a fully documented £250 million capital raise, by way of a placing of new shares with institutional investors in the UK and US. The group intends to use the proceeds it raised, towards developing new capital expenditure projects, such as its recent development of its Bessemer Park site in Sheffield, the largest PEM hydrogen electrolyser in the world.

Risk advisory > Corporate governance Tier 1

Linklaters LLP continues to build on its ESG expertise, with a focus on governance and compliance issues and crisis management work. Drawing on multi-jurisdictional and multidisciplinary expertise from its global network of offices and banking and finance, employment, dispute resolution and regulatory practitioners, the team is well placed to act for international companies in a wide range of industries. Vanessa Havard-williams heads up the practice and is well versed in environmental and climate change matters, and she also handles compliance issues in a range of areas. Alexandra Beidas is a name to note for remuneration issues, gender equality and workforce engagement, and Rachel Barrett is recommended for human rights matters. Tom Cassels is a key name for crisis management, while managing associate Aileen Buchanan handles health and safety and environmental matters, among other areas. Raza Naeem was promoted to partner in May 2022.

Practice head(s):

Vanessa Havard-Williams

Key clients

Nestle

Volvo AB

Goldman Sachs Asset Management

CFRF, IETA and ISDA

Equator Principles Association

Ola UK

Work highlights

  • Acting as Nestle’s ESG counsel supporting Nestle on ESG matters across a broad range of topic areas including climate-related commitments, preparation of offsetting and insetting templates, advice on food regulation, supplier related claims and screening and product claims.
  • Advised numerous corporates and financial institutions on remuneration structures, compliance with rules and ESG criteria for inclusion in remuneration.
  • Advising a number of clients on their compliance with the UK and EU Benchmarks Regulation and the FCA rules for benchmark administrators.

Risk advisory > Data protection, privacy and cybersecurity Tier 1

With avery credible global network to call upon’, Linklaters LLP attracts clients from a range of sectors, including financial services, tech, fintech and insurance, seeking assistance with cross-border compliance projects, GDPR work, and high-profile data breaches. Benefiting from a long-standing relationship with regulators in the UK and EU, the team is well versed in investigation proceedings and enforcement actions. Co-practice head Richard Cumbley is recommended for large data subject access matters and privacy litigation. Co-practice Georgina Kon provides exceptional service’ and excels in governance matters, privacy investigations and cyber events. Co-practice head Julian Cunningham-Day focuses on the tech and fintech segments. Counsel Alaister Johnson is also recommended.

Practice head(s):

Richard Cumbley; Georgina Kon; Julian Cunningham-Day

Other key lawyers:

Tanguy van Overstraeten; Olivia Grimshaw

Testimonials

‘The Linklaters data protection team is consistently excellent. In particular, Georgina Kon provides exceptional service. Her ability to understand and respond on complex matters quickly and fully, her sound judgement and pragmatic thinking are strongly valued.’

‘Olivia Grimshaw is highly responsive, quick and adept at understanding client business models and products. Clear and helpful contractual drafting.’

‘The Linklaters team has capacity, breadth and depth of expertise in relation to privacy, and a very credible global network to call upon.’

They are able to adjust their advice to the budget and risk appetite of their client, and have unique insights into the regulatory priorities and perspectives as they act for so many clients which involve regulator engagement.’

‘I would always go to Linklaters for complex, novel and innovative issues, as they have the experience and expertise to genuinely add value and assist.’

‘Georgie Kon and Tanguy van Overstraeten are terrific! Olivia Grimshaw is excellent, providing in depth and measured advice.’

Work highlights

  • Acted for the Internet Association in relation to its intervention in the appeal to the Supreme Court of the Court of Appeal’s decision in Lloyd v Google, which is a landmark judgment in the area of privacy class actions.

TMT (technology, media and telecoms) > Fintech Tier 1

Linklaters LLP provides the full spectrum of transactional and regulatory advice on fintech projects for e-money and financial institutions, challenger banks, infrastructure and payment services providers, and technology companies. The practice supports fintech clients with anti-trust matters, disputes and crisis management work, employment issues and tax advice. Key product areas of focus include digital assets, payment systems and digital payments, corporate restructuring matters and, data, cyber and technology disputes. Julian Cunningham-Day leads the global fintech team, specialising in technology projects in the financial services and other regulated industries. Group co-heads Harry Eddis and Fionnghuala Griggs have expertise in financial markets regulation and fintech-sector based M&A work, respectively. Head of UK fintech, counsel Richard Hay, has considerable experience in new product developments in the context of market infrastructure. Michael Voisin and Lisa Chang (who made partner in 2022) are further key names to note.

Practice head(s):

Julian Cunningham-Day; Harry Eddis; Fionnghuala Griggs; Richard Hay

Other key lawyers:

Testimonials

‘Linklaters’ fintech practice is excellent because it is based around the firm’s pre-eminent capital markets practice. All the individuals with whom we deal are skilled, knowledgeable, and highly responsive.’

‘Richard Hay has a unique practice and therefore a unique perspective.’

‘Michael Voisin co-ordinates our overall relationship, and although he is primarily a capital markets lawyer his generalist approach is invaluable to us.’

‘Very deep legal understanding of M&A processes and the financial markets including fintechs, highly efficient handling of projects, excellent project management.’

‘Linklaters has unique capabilities in the fintech ecosystem, specifically when it comes to blockchain.’

‘The team is well suited to more large scale and fintech projects.’

‘Richard Hay is an upcoming leader.’

Key clients

European Investment Bank

Fnality International

Moneyfarm

Quantile Technologies Ltd

Wise Plc

Work highlights

  • Advised Fnality International Ltd on the establishment of its blockchain-based global payment system.
  • Advised fintech company, Wise, on its £9bn direct listing on the London Stock Exchange.
  • Advised the European Investment Bank on its first digital bond on the Ethereum public blockchain.

TMT (technology, media and telecoms) > IT and telecoms Tier 1

Linklaters LLP has an impressively broad practice and client base, spanning from telecoms operators and service providers to local and global corporates and governments, in addition to an increasing number of financial sponsors. Key areas of focus for the team include IT, communications, fintech and digital infrastructure mandates, as well as regulatory issues, complex transactions and M&A work. The group is also well-equipped to handle technology-related disputes. Julian Cunningham-Day co-leads the global technology and fintech sector groups, specialising in technology projects for financial services. Stuart Bedford is also co-head of the technology group with substantial expertise advising corporates and banks on technology deals. Iain Fenn jointly heads up the telecoms group alongside David Martin; Fenn advises major telecoms clients on transformational projects, while Martin focuses on digital infrastructure transactions in the telecoms space. Richard Cumbley has stepped down as global head of the TMT practice, but continues to play an active role in regulatory and IT work. Marly Didizian is incredibly experienced in large-scale and business-critical digital transformations, and Georgina Kon handles mandates involving innovative technologies and the roll-out of digital programmes.

Other key lawyers:

Richard Cumbley" data-parent-type="account" data-parent-id="329" data-disabled-flag="FALSE" data-office-id="78861" data-contact-id="621161">Richard Cumbley; Marly Didizian; Georgina Kon

Testimonials

‘The team remains highly committed and extremely knowledge about the sector, making working with them efficient and fluid.’

‘Availability and quick turnaround are two characteristics that clients value highly.’

Key clients

MFM Investment Limited

CK Hutchison

Wind Tre S.p.A.

Arqiva

Orange

Ardian

Teneo

Work highlights

  • Assisted MoneyFarm, which offers regulated advice to consumers via its algorithm which selects a portfolio for customers to invest in.
  • Acted for Arqiva on the proposed sale of its broadcast division, as a follow-up transaction to the carve-out sale of its telecoms division to Cellnex for £2bn.
  • Advised Teneo, administrators of Bulb Energy Ltd.

Transport > Rail Tier 1

Linklaters LLP has considerable expertise in all rail matters both domestically and internationally. It advises on the full range of deals from heavy rail matters (including high speed rail) to light rail, rolling stock and train systems as well as station real estate. Fiona Hobbs is recognised for her work on many of the biggest deals in this sector. Charlotte Morgan has immense knowledge of the regulated infrastructure sector. Stuart Rowson is a well-known infrastructure partner and deals with significant rail financings. The first-class team continues to assist a wide range of sponsors, lenders, rolling stock companies and governments to bring some major industry leading rail deals to a close. Jessamy Gallagher is another key member of the group.

Practice head(s):

Jessamy Gallagher; Stuart Rowson; Fiona Hobbs; Charlotte Morgan

Key clients

Department for Transport

British Government

HS1 Limited

PGGM Vermogensbeheer B.V.

Corporate and commercial > Commercial contracts Tier 2

Linklaters LLP’s global practice, which sits within the firm’s TMT and IP department, excels at handling supply chain arrangements, outsourcings and procurements at a national and international level, with particular expertise in highly regulated sectors including the financial services, healthcare and technology industries. Richard Cumbley heads up the TMT group, which includes the highly regarded Marly Didizian, who leads the London sourcing practice and co-heads the healthcare group; outsourcing and technology deal specialist Georgina Kon, and technology and fintech specialist Julian Cunningham-Day.

Practice head(s):

Richard Cumbley

Key clients

Teneo (administrators of Bulb Energy Limited)

MFM Investment Limited

Refinitiv

Alix Partners

Nestle

Ola UK Private Limited

Visa

Citi

BNPP

Gavi, The Vaccine Alliance

Lloyd Banking Group

Barclays Bank

HSBC

Qualifications and Curriculum Authority

Sainsburys

Vodafone

BP

Work highlights

  • Provided urgent advice to Teneo, administrators of Bulb Energy Ltd, on the emergency tech licensing and support arrangements needed to ensure that Bulb can continue to service its customers.
  • Advising Nestle in relation to the implementation of its ‘lighthouse’ digital warehouse transformation project, which involves the design, development and ongoing management and service provision of a new ‘intelligent’ UK logistics and distribution centre with third party logistics supplier, XPO.
  • Advising Ola, an online mobility company, in its appeal against TfL’s finding that Ola UK is not fit and proper to hold a private hire vehicle operator’s licence.

Corporate and commercial > Corporate tax Tier 2

Linklaters LLP's lawyers have expertise advising on tax aspects of corporate transactions, including domestic and cross-border M&A, joint ventures and demergers, and have been particularly active on SPAC related matters. Lynne Walkington is practice head, and focuses on M&A transactions, reorganisations and real estate. James Morgan covers corporate, finance, and structuring tax, and previously worked as a tax expert in the Strategic Transactions Group of Lloyds Banking Group. Chris Smale is a name to note, and this year advised Alphawave IP on its £3.1bn IPO on the London Stock Exchange.

Practice head(s):

Lynne Walkington

Other key lawyers:

Testimonials

‘James Morgan: very knowledgeable and approachable.’

James balances a strong technical ability with pragmatic and commercial advice. I find the Linklaters tax team very collaborative and good fun to work with.

Key clients

Unilever

Lloyds Banking Group

Cerberus

Nestlé

Interpath

Credit Suisse

PSP Investments

BP

Ontario Teacher’s Pension Plan

CK Hutchinson

Just Eat

Work highlights

  • Advised FTSE 100 listed client, Unilever on the €4.5bn sale of its global tea business to CVC Capital Partners.
  • Advised Interpath Advisory on the sale of 214 Oxford Street – formerly owned by Arcadia and the home of their flagship Topshop and Topman store.
  • Advising Lloyds Banking Group on a ground-breaking £1bn liability management exercise involving several “first-of-its-kind” techniques.

Corporate and commercial > Private equity: transactions – high-value deals (£250m+) Tier 2

Linklaters LLP has a high-quality offering in private equity, with a focus on handling complex, cross-jurisdictional mandates. Praised as ‘always available and extremely responsive’, the team’s work in 2021 included acting on a number of take-privates in the UK and European public markets, as well as handling carve-outs. In addition to its work for prominent funds such as TDR, Apax and Carlyle, the practice also regularly represents consortiums of investors on large-scale buyouts. Highly regarded practice co-heads Alex Woodward and Ben Rodham are well-regarded for their work in this area, with Rodham praised as ‘superbly commercial and pragmatic’. Will Aitken-Davies stands out for his work on cross-border transactions, while Chris Boycott  also had a strong year in 2021, including handling public-to-privates and carve-out deals.

Practice head(s):

Alex Woodward; Ben Rodham

Other key lawyers:

Will Aitken-Davies; Chris Boycott; Tracey Lochhead

Testimonials

‘Ben Rodham is one of the best in the business for large cap PE transactions. All over every aspect of transactions while being superbly commercial and pragmatic. Very user friendly.’

‘The Links team is always available and extremely responsive.’

‘Linklaters has a strong corporate practice and their bench across corporate, tax, IP, employment, and financing makes them a full suite provider in larger deals. The team is extremely responsive and proactive in anticipating key deal issues and we value this.’

Key clients

Apax

Apollo

Ardian

BC Partners

Blackstone

Brookfield

Carlyle Group

Cerberus

Digital Colony/DigitalBridge

GIP

Hellman & Friedman

Hg

Hillhouse Investment

I Squared Capital

KKR

Montagu Private Equity

Oaktree

Ontario Teachers Pension Plan Board

PAI Partners

Permira

TDR Capital

Telemos Capital

Triton

Work highlights

  • Advised GIC as part of a consortium with Advent on the $8bn takeover offer for SOBI AB
  • Advised Apax Partners on the €5bn sale of Unilabs
  • Advised on GIP, Blackstone and Cascade’s $4.63bn recommended cash offer for Signature Aviation

Crime, fraud and licensing > Fraud: civil Tier 2

Dispute resolution > Commercial litigation: premium Tier 2

At Linklaters LLP, the team is able to leverage both its interdepartmental and international strength to achieve successful results in the most complex multi-jurisdictional, cross-practice cases. Alison Wilson heads up the overall disputes group, which fields a large number of experienced senior practitioners, including Christa Band and Tom Cassels. Harriet Ellis , who led on representation of the Internet Association in its appeal to the Supreme Court in Lloyd v Google, is another name to note. Wilson’s banking expertise is reflected in the department’s extensive roster of leading client names from the financial services sector. In terms of other sector specialisms, Ben Carroll is well-regarded for energy-related disputes. As well as acting in claims stemming from joint ventures, shareholder agreements and M&A, the firm is regularly called on at the advisory stage, to mitigate the risk of litigation.

Practice head(s):

Alison Wilson

Other key lawyers:

Michael Bennett; Satindar Dogra; Christa Band; Harriet Ellis; Tom Cassels; Patrick Robinson; Ben Carroll; Christopher Stevenson

Testimonials

‘Harriet Ellis – her approach is considered, sensible and insightful.’

‘Knowledgeable, responsive, reliable – meet commitments and deadlines.’

‘Linklaters have an excellent team. Tom Cassels and Christopher Stevenson are always on hand to provide support and advice and are highly commercial in their approach. There is strength in depth to the team, with various associates who are extremely competent and responsive.’

‘Christopher Stevenson – very nice manner; intellectual but highly commercial and emotionally intelligent. Works very well with leading counsel so there is a seamless approach.’

‘Significant strength and breadth.’

Key clients

OCM (Gibraltar) Chemical Tankers Limited (“OCM”)

Equiti Capital UK Limited.

Independent Petroleum Group Limited (“IPG”)

Kelkoo

Visa Europe Limited, Visa Europe Services LLC, Visa UK Limited, Visa International Service Association, Visa Inc. (“Visa”)

Société Générale

The Internet Association

South Stream

Ola UK Private Limited (“Ola”)

Natwest Markets Plc (“NWM”)

Work highlights

  • Representing UK Broker Equiti Capital UK in a ‘knowing receipt’ claim issued in the Commercial Court by Dismatrix SPC and others, arising out of an alleged fraudulent scheme said to have been engaged in by a traded entity in which the claimants invested.
  • Acted for the Internet Association in its intervention in the appeal to the Supreme Court in Lloyd v Google. 
  • Acted for NatWest Markets in its successful defence of claims brought by The ECU Group, concerning alleged manipulation of foreign exchange markets arising out of $11.6bn of FX trades.

Dispute resolution > Competition litigation Tier 2

Handling complex cases before the Competition Appeal Tribunal and the High Court, and with expertise in dealing with class actions, the competition litigation team at Linklaters LLP is ‘among the strongest litigation teams in the City’. The ‘impressive’ and ‘wise’ Tom Cassels leads the practice, bringing to bear his extensive experience in acting on high level cases. He is supported by Harriet Ellis, Nicole Kar and the highly rated Sarina Williams, who is ‘making a great impression on the market’.

Practice head(s):

Tom Cassels

Other key lawyers:

Nicole Kar; Sarina Williams; Harriet Ellis; Jonathan Ford; James Hennah

Testimonials

‘Tom Cassels is very impressive. His strong intellect, ability to read the room (and clients), understated manner and willingness to delegate to others are a powerful combination enabling him to set the strategic direction and get a lot done.’

‘James Hennah is highly recommended. He is a pleasure to work with and fully on top of the details of the case and the bigger strategic picture. He has held the case we are currently working on well and we have a lot of confidence in him.’

‘Harriet Ellis is also impressive. She is very bright, listens to clients carefully to understand their needs, and provides clear and compelling advice.’

‘This team is amongst the strongest litigation teams in the City, particularly in relation to large scale competition damages litigation. They have great experience of handling claims with an international element.’

‘Linklaters have strength and depth of experience in competition litigation and their team continues to be one of the best in the City.’

‘Tom Cassels is a gentle giant of competition litigation, who leads his cases with a steady hand and understated acuity – a wise and experienced sage that any client should be pleased to have on their side.’

‘Sarina Williams is already making a great impression on the market now that she is a partner. She is an excellent lawyer, and has an extraordinary ability to manage large teams of associates who produce great work on tight timeframes and multiple fronts.’

‘They are well resourced and experienced and have v good people. Good culture and v responsive.’

Key clients

Visa Europe Limited, Visa UK Limited, Visa International Service Association, Visa Inc.

Telefónica S.A. and Telefonica O2 Holdings Limited

Sucocitrico Cutrale LTDA

Société Générale

Kelkoo

DENSO

BGL Group Limited/Comparethemarket.com

The Association of Football Agents UK Limited

Scotia Gas Networks, Northern Gas Networks and Wales & West Utilities

HG Capital

Accord

Department for Transport

Work highlights

  • Continuing to advise Visa in its defence against large numbers of retailer damages actions relating to interchange fees.
  • Acting for one of the world’s largest orange juice manufacturers, Sucocitrico Cutrale, in respect of an alleged purchasing cartel concerning the orange market.
  • Advising two companies of the Telefonica group in their defence of a claim brought by the administrators of Phones 4U.

Finance > High yield Tier 2

Linklaters LLP has a strong bench of high yield practitioners, who handle complex and high-value deals. It leverages the expertise of its market-leading banking and private equity practices to handle covenant-intensive debt securities, leveraged finance and restructuring. The firm’s sweet spot is multi-tranche bank and bond capital structures involving loans, bonds and combinations of both. Alexander Naidenov, Mark Hageman and Colin Chang are the standout partners in London, and they are key advisers to underwriters, private equity sponsors and corporate issuers. The firm hired experienced US finance partners from Vinson & Elkins RLLP, Noel Hughes, Christianne Williams and Giacomo Reali, who handle complex cross-border leveraged finance transactions.

Practice head(s):

Alexander Naidenov; Mark Hageman; Colin Chang

Testimonials

‘Strong partners, the standout practitioners being Alexander Naidenov and Mark Hageman.’

‘High Yield does not work out of the blue. We as a Company and I as Group Treasurer want to work with a law firm that is able to go cross-topics, including M&A, stock exchange regulation, competition, banking… and can serve us in most jurisdictions in which we operate. Linklaters has been doing this for years, making sure High Yield Documentation is aligned with Group strategy, objectives and constraints.’

‘Above all, Linklaters have been able to protect the Group from legal action.’

‘Collin Chang is the person to go to for high yield bond market practice and to know whether a potential ask to lenders can go though or not, or under which wording it could go through.’

Key clients

Philips Domestic Appliances

Hexaware Technologies Limited

SierraCol

Eolo

Lottomatica

Multiversity

CGG

Petrofac

Endeavour

Europcar

Work highlights

  • Advised Hillhouse on the financing arrangements for its €3.9bn acquisition of Philips Domestic Appliances, a leading global designer, manufacturer and seller of domestic appliances in over 130 countries around the world.
  • Advised the Initial Purchasers on the high yield bond offering to finance Carlyle’s c. US$3.1bn acquisition c. 95% of Hexaware Technologies Limited, a leading global provider of digital, IT and business transformation services headquartered in India and with over 70% of its revenues generated in the Americas.
  • Advised the Initial Purchasers on the high yield bond offering to refinance certain debt of SierraCol Energy and pay a special dividend to Carlyle.

Industry focus > Life sciences and healthcare Tier 2

According to clients, Linklaters LLP stands out for its ‘extremely high quality of people, deep knowledge of the sector and ability to cover every aspect of work that is thrown its way’. The cross-practice team draws from the expertise of practitioners across the firm’s corporate, commercial, dispute resolution, IP, technology, data protection, regulatory, product liability and finance departments to provide clients with a holistic service across the full range of life sciences and healthcare work. The group’s diverse client base spans pharmaceutical, biotech, digital health and medical device companies and healthcare service providers. Aisling Zarraga and Marly Didizian co-lead the team, focusing on corporate and commercial work respectively.

Practice head(s):

Aisling Zarraga; Marly Didizian

Other key lawyers:

Alistair Fraser

Testimonials

‘I think what sets this team apart is the extremely high quality of their people, their deep knowledge of the sector, how commercial they are and how they can cover every aspect of work that is thrown their way. They do high end, difficult work with apparent ease, are truly fun to work with and provide a level of service I haven’t come across with other firms, and which is critical for in-house teams needing efficient and reliable support on those high-profile, strategic transactions.’

‘Marly Didizian is one of the best lawyers around in the life sciences sector, and the only one I trust to lead on the most complex and high priority deals. Her extensive healthcare and supply chain experience means she can provide advice that is innovative and commercial as well as effective. Her combination of good humour and steely negotiation on a particularly tough carve out deal not only led us to secure a very favourable outcome on this strategically important project, but also made a potentially very challenging deal process a far more positive experience for all involved.’

‘A solid offering with an understanding of what matters in the sector’

‘Marly Didizian is a stand-out partner for her knowledge of the commercial arrangements needed in the Life sciences space. Alistair Fraser is a real rising star amongst associates on the M&A/corporate side of things – great to work with!’

‘The team at Linklaters are able to field lawyers across multiple practice areas (corporate, commercial, finance, project finance, dispute resolution, IP) to provide timely advice. They are always able to field a team at very short notice, to provide insight, negotiation and drafting support in a way that materially improves the way in which legal services are perceived internally within our organisation and ultimately gives us the best opportunity to achieve the outcomes we are aiming for.’

‘Aisling Zarraga has been the cornerstone of advice for us, providing extremely responsive support on key risk issues and coordinating the team at Linklaters to be able to operate at speed, notwithstanding they may have only had periodic involvement in the project, ensuring the best practice area to support is able to do so. All in all, great client service and fun to work with.’

‘Team is always available and I feel that I can get help, even if a moral support, at any moment’

‘Marly Didizian stands out as not only a brilliant lawyer but a person with a deep commercial and even technical understanding of the project. It is rare to meet a lawyer who knows our sector as well as Marly.’

Key clients

Gavi, the Global Vaccines Alliance

Apax Partners

The Carlyle Group

Fresenius

PAI Partners

Hg Capital

Bayer

Nestlé

Takeda Pharmaceuticals

McKesson Corporation

Merck & Co., Inc.

Sanofi

Regeneron Pharmaceuticals

ViiV

Thermo Fisher Scientific Inc

Work highlights

  • Advising Apax Partners on the €5bn sale of Unilabs.
  • Advising McKesson Corporation, a global leader in healthcare supply chain management solutions and retail pharmacy, on the sale of its UK business to Aurelius, a pan-European asset management group.
  • Successfully represented ViiV (a joint venture involving GSK) in high-profile UK patent infringement proceedings against Gilead in relation to Gilead’s HIV treatment bictegravir.

Industry focus > Retail and consumer Tier 2

Linklaters LLP advises a range of clients, from private equity funds and investors to high-profile and high street retailers. The team is trusted by global brands such as Unilever, L’Oreal and Nestlé to handle issues throughout the entire consumer value chain, overseeing production, manufacturing, supply and distribution matters and market entry issues. Paul McNicholl and Michael Honan co-lead the practice. McNicholl often advises FTSE 100 and Fortune 500 consumer and retail clients on cross-border M&A, corporate restructurings and joint ventures, while Honan’s consumer sector expertise includes acting for e-commerce businesses, luxury companies, supermarkets and consumer brand businesses.

Practice head(s):

Paul McNicholl; Michael Honan

Key clients

Unilever plc

Nestlé S.A.

Caesars Entertainment Inc.

Yum! Brands

Travis Perkins

JD Sports

Telemos

Dr. Martens plc

Steinhoff International N.V.

Westfalia Fruit International

JDE Peet’s

Ocado

ASOS

Sainsbury’s

Caffe Nero

Charoen Pokphand Group Co., Ltd

Work highlights

  • Advised Unilever PLC on the sale of its global tea business to CVC Capital Partners for €4.5bn.
  • Advised Caesars Entertainment on its £2.9bn public takeover of William Hill PLC and on the subsequent disposal of William Hill’s non-US online and retail businesses to 888, for £2.2bn.
  • Advised the underwriting syndicate on the IPO of Moonpig Group plc.

Insurance > Insurance: corporate and regulatory Tier 2

Linklaters LLP is recognised for its de-risking practice, which covers buy-ins, buy-outs and longevity swaps. The department is also adept at dealing with M&A, reinsurance issues and internal reorganisations, including Part VII transfers, advisory work and distribution. Lorna Tennent oversees the team, advising multinational insurers on various aspects of Solvency II. Corporate lawyer Dan Schuster-Woldan is the global relationship partner for clients such as AXA and Phoenix and offers wide-ranging experience in public and private M&A, demergers, joint ventures, corporate restructurings and equity capital markets transactions. Duncan Barber is recommened for his work across the breadth of the non-contentious insurance space, particular focusing on M&A, reinsurances, distribution arrangements, financings and securitisations. Ben Wilkinson is another key name to note.

Practice head(s):

Lorna Tennent

Key clients

Phoenix Group

Ageas

Zurich

AXA

Lloyds Banking Group

Prudential

QBE

RSA

Rothesay

Athora

Royal London

Assured Guaranty

Generali

Lombard International

Utmost

BUPA

MS Amlin

Several private equity funds including; BC Partners, Carlyle, Oaktree, CDPQ, Towerbrook Fund, Warburg Pincus and Hg Capital

Work highlights

  • Advised Phoenix Group in transferring the long-term insurance business of Phoenix Life Assurance Limited, Standard Life Assurance Limited and Standard Life Pension Funds Limited to Phoenix Life Limited by way of a Part VII transfer.
  • Advised BC Partners LLP, a leading international investment firm, on the acquisition of Davies.
  • Advised the Treasury on a review into the arrangements between the UK government and Pool Re.

Projects, energy and natural resources > Oil and gas Tier 2

The energy and infrastructure team at Linklaters LLP is well known in the market for handling high-value, cross-border M&A and financing matters. Other areas of focus include joint ventures and commercial contracts and the team draws on strength from other practice areas to offer clients an integrated approach to oil and gas deals. Daniel Tyrer heads the team and is experienced in financing and private equity transactions across EMEA and the CIS. Mark Russell handles corporate work pertaining to upstream and LNG, and former practice co-head John Pickett retired.

Practice head(s):

Daniel Tyrer

Other key lawyers:

Key clients

J Aron & Co

Work highlights

  • Advising J. Aron & Co, a Goldman Sachs entity, on providing a multi-sourced financing package to support Postlane Partner’s acquisition of the Fredericia oil refinery in Denmark from A/S Dansk Shell – a subsidiary of Royal Dutch Shell.

Real estate > Commercial property: development Tier 2

The top-class team’ at Linklaters LLP advises its roster of clients, including domestic and international developers and investors, on big-ticket transactions, including M&A and distressed real estate mandates, as well as high-value regeneration and development projects. Praised as a ‘a steady and knowledgeable guiding force’, global practice head Andy Bruce leads the London-based real estate team and handles acquisition, disposal and financing matters, while senior partner Martin Elliott is the practice’s key contact for development projects. Senior partner Patrick Plant has considerable experience advising investors, developers, lenders and tenants on the full gamut of real estate property mandates in the UK, and Tom Watkins focuses on real estate M&A transactions.

Practice head(s):

Andy Bruce

Other key lawyers:

Martin Elliot; Patrick Plant; Matthew Plaskow

Testimonials

‘Andy Bruce and his team (including Matthew Plaskow) provide clear, practicable and commercial advice. They are quick to respond despite the time difference and very agile in thinking of creative solutions.’

‘Andy Bruce is extremely personable, has in-depth market knowledge and very clear in his advice.’

‘Matthew Plaskow also stands out. He is extremely personable and very efficient.’

‘Andy Bruce is a steady and knowledgeable guiding force. Matthew Plaskow has been exceptional in working through complex legal concepts within structures, but always ready to explain the practicalities of these to inform commercial discussions.’

‘Dedicated team. Market knowledge is unrivalled when it comes to high-profile or trophy assets.’

Key clients

Permodalan Nasional Berhad

Lendlease Europe Limited

RCL Partners

Linklaters LLP

Work highlights

  • Advising Lendlease as development partner to Birmingham City Council in relation to the delivery of a £1.9bn, 17 hectare, mixed-use regeneration project in Birmingham city centre.
  • Advising Lendlease on the entry into a 50/50 joint venture with Starwood and the subsequent acquisition by that joint venture of a 100% interest in the Silvertown Partnership (TSP) which holds an interest in Silvertown Quays, an urban renewal project in East London.
  • Advising BDW Trading Limited (part of the Barratt Group) on the mixed-use scheme at High Street Quarter, Hounslow, including in relation to their headlease interests in the site, their development obligations and the pre-lettings of various commercial units within the scheme.

Real estate > Commercial property: investment Tier 2

The top-class team’ at Linklaters LLP advises its roster of clients, including domestic and international developers and investors, on big-ticket transactions, including M&A and distressed real estate mandates, as well as high-value regeneration and development projects. Praised as a ‘a steady and knowledgeable guiding force’, global practice head Andy Bruce leads the London-based real estate team and handles acquisition, disposal and financing matters, while senior partner Martin Elliott is the practice’s key contact for development projects. Senior partner Patrick Plant has considerable experience advising investors, developers, lenders and tenants on the full gamut of real estate property mandates in the UK, and Tom Watkins focuses on real estate M&A transactions.

Practice head(s):

Andy Bruce

Other key lawyers:

Patrick Plant; Tom Watkins; Matthew Plaskow

Testimonials

‘Andy Bruce is impressive and knowledgeable.’

‘A top-class team from our experience. Consistently good advice from a stable and capable team. They are respected by their peers and competitors and adopt a mature and collaborative approach, as well as meeting the objectives of our instructions.’

‘Andy Bruce and his team (including Matthew Plaskow) provide clear, practicable and commercial advice. They are quick to respond despite the time difference and very agile in thinking of creative solutions.

‘The team collaborates extremely well to deliver the investment vision.’

‘Andy Bruce is extremely personable, has in-depth market knowledge and very clear in his advice.’

‘Linklaters understands the property market from an investor’s angle and excels at structuring deals driven by an investor’s vision.’

‘Matthew Plaskow stands out. He is extremely personable and very efficient.’

‘Andy Bruce is a steady and knowledgeable guiding force. Matthew Plaskow has been exceptional in working through complex legal concepts within structures, but always ready to explain the practicalities of these to inform commercial discussions.’

Key clients

CBRE Investment Management

RCL Partners LLP

Permodalan Nasional Berhad

PSP Investments

Cerberus

KanAm Grund

Ho Bee Land Limited

Work highlights

  • Advising CBRE Investment Management’s Pan-European Core Fund on the acquisition by PEC Wallis S.a r.l. from Deka Immobilien Investment GmbH of landmark London office building, Atlantic House, the current HQ of Hogan Lovells.
  • Advising RCL Partners on the disposal of and development funding arrangements in relation to a UK logistics site.
  • Advising Ho Bee Land Limited in relation to its share purchase of the Jersey company, which owns the freehold of The Scalpel landmark HQ building in the City of London.

Real estate > Property finance Tier 2

The real estate finance team at Linklaters LLP ‘is one of the best in the market‘ and advises on high-value, structured transactions domestically and across Europe, especially on matters regarding property restructuring and insolvency mandates. The team is jointly led by the ‘beyond technically excellent‘ Scott Simpson and Philip Gore; Simpson specialises in pan-European deals for banks, debt funds and private equity sponsors, and Gore has an active practice advising lenders on development financing mandates and mezzanine-level portfolio transactions. Previous co-leader of the team Steve Smith left the firm in 2021 to take up a real estate consultant role. Managing associate James Godfrey is fluent in English and French, and advises clients on a wide range of property finance mandates. Jessica Jenner joined the team from Ashurst in early 2022.

Practice head(s):

Other key lawyers:

Testimonials

‘Strong, smart, and commercially-minded team that works well with the firm’s wider teams in London (RE, Tax, corporate etc) and with their international offices in Europe. They are a young, vibrant, hard-working team who appreciate their clients needs and deliver efficiently and consistently on deals.’

‘Scott and Phil’s real estate finance team is one of the best in the market – technically excellent, commercially astute, their cross-border capabilities are excellent, as is their training of their junior team members – just excellent throughout. They are a go-to firm for complicated, cross-border transactions and for structured finance transactions.’

‘Really strong mezz finance team. Phil Gore and Scott Simpson are leaders in this field.’

‘Scott Simpson is absolutely the top of the market; he’s beyond technically excellent and very much the “in demand” lawyer of our time. If you have a complicated deal, you want Scott to be working on it – clients trust him implicitly.’

‘Scott Simpson is a fantastic lawyer and always a pleasure to deal with. He has great experience of acting on all levels of the debt stack and can switch hats very easily and knows the market. Scott focuses his clients on what is important and is not afraid to hunker down on points.’

‘Phil Gore has really grown into his partner shoes now and is technically good, commercially sensible and finds a way forward politely and fairly through the toughest negotiations.’

‘James Godfrey is incredibly commercial, his practice is diverse and his client base impressive. James always finds the right way to put his point across and he’s rapidly become a very trusted advisor.’

‘James Godfrey is a great associate – intelligent, commercial and hardworking with a great future ahead of him.’

Key clients

Apollo Global Management

M&G Investments

Goldman Sachs

Bank of America Merrill Lynch

King Street Capital Management

Royal Bank of Canada

Citigroup

LaSalle Investment Management

Wells Fargo

Allianz

OakNorth Bank

Sculptor Capital Management

Cale Street Partners

Nuveen

AustralianSuper

Macquarie

Prologis

Blackstone Real Estate Strategies

Work highlights

  • Advised pollo and Blackstone Real Estate Debt Strategies in respect of Blackstone’s £969m offer for the FTSE 250-listed GCP Student Living.
  • Advised Allianz Real Estate and co-lenders on a £397.1m development finance facility to BentallGreenOak, manager of West End of London Property Unit Trust property fund and 105VS Unit Trust.
  • Advised Apollo Global Management Inc as senior lenders to Precis Capital Partners and the Carlyle Group in providing a development facility to Moda Living for the development of Embassy Boulevard in the Nine Elms district in London.

Risk advisory > Regulatory investigations and corporate crime (advice to corporates) Tier 2

Linklaters LLP acts for a broad client base, including several FTSE-listed companies, encompassing industries such as TMT, financial services, and energy, handling the full spectrum of financial crime proceedings, including bribery, money laundering, and tax evasion. Alongside SFO and FCA investigations into financial crime, the firm also represents clients facing broader corporate criminal allegations, such as Environment Agency investigations, as well as supporting teams internally through investigations, compliance matters, and board-level risk and reputation management issues. Practice head Alison Wilson leads the firm’s global disputes practice, and specialising in contentious financial regulatory cases, regularly representing clients against the FCA. Martyn Hopper  focuses on regulatory advice to financial institutions, and Satindar Dogra  is a vastly experienced corporate crime practitioner, and has advised clients on investigations and compliance issues relating to corruption, money laundering, and sanctions violations, among others. Former DPP Alison Saunders co-heads the firm’s business crime team, and brings deep expertise in criminal defence proceedings, with counsel Elly Proudlock also a key name for high-stakes SFO investigations into allegations of financial crime.

Practice head(s):

Alison Wilson

Other key lawyers:

Satinder Dogra; Alison Saunders; Elly Proudlock; Martyn Hopper

Key clients

Southern Water Services Limited

Work highlights

  • Advised Southern Water Services Limited in connection with a criminal investigation by the Environment Agency.

Dispute resolution > International arbitration Tier 3

With deep knowledge of arbitration‘, Linklaters LLP has substantial experience in acting for corporations and states in high-stakes investment and commercial arbitrations. The team also assists with related court proceedings in support of arbitration. Global international arbitration practice chair Matthew Weiniger KC is an investment arbitration specialist; and Ben Carroll is energy disputes head. Further support is provided by energy, infrastructure and construction expert Teresa Laboucarie-Polak; and Tom Lidstrom is experienced in all major arbitral institutional rules. Also active in international arbitration matters are counsel Jacqueline Chaplin, and managing associates Rebecca James, Alex Fawke, William Chan and Joanne Finnegan.

Practice head(s):

Ben Carroll Partner; Matthew Weiniger KC

Testimonials

Deep knowledge of arbitration practice across a wide range of jurisdictions.

A powerhouse on black letter law, but with the ability to deliver via top-level advocacy. Above all, easy to work with, even in the most stressful of situations.

The team is easy to work with and knowledgeable, and is very willing to consider new or difficult arguments.

Very committed and very reasonable billing.

The team comprises very professional and renowned lawyers.

Matthew Weiniger KC is a brilliant lawyer with top-shelf advocacy skills. Thinks clearly under pressure and has an uncanny ability to predict a tribunal’s thinking.

Managing associate Rebecca James has worked tirelessly and at all hours to be responsive and to assist.

Key clients

Islamic Republic of Pakistan

HSBC Alternative Investments

Work highlights

  • Represented the Islamic Republic of Pakistan (as co-counsel) in annulment proceedings, which relate to the second-largest award in ICSID’s history.
  • Representing HSBC in respect of a potential investment treaty claim against the Republic of El Salvador under the UK-El Salvador bilateral investment treaty.

Dispute resolution > Public international law Tier 3

Linklaters LLP‘s PIL practice has a strong reputation for state-to-state disputes, international trade law, international human rights law and business and human rights advice. Additional key areas are investor-state disputes, state sovereignty, state immunity and intergovernmental organisations’ immunities. Global international arbitration chair Matthew Weiniger KC specialises in international arbitration and public international law, including international trade law; Charlotte Morgan is global co-head of trade law; Vanessa Havard-Williams co-leads the business and human rights group alongside Rachel Barrett; and Ben Carroll is energy disputes leader. Key managing associate Rebecca James assists with both international arbitration and international law matters.

Practice head(s):

Matthew Weiniger KC; Charlotte Morgan

Other key lawyers:

Vanessa Havard-Williams; Ben Carroll; Teresa Laboucarié-Polak; Rebecca James; William Chan; Alex Fawke; James Marlow

Key clients

Islamic Republic of Pakistan

HSBC Alternative Investments

Legal Response Initiative

Work highlights

  • Represented the Islamic Republic of Pakistan (as co-counsel) in proceedings concerning the (reportedly) second-largest award in ICSID’s history.
  • Representing HSBC in a potential investment treaty claim against the Republic of El Salvador under the UK-El Salvador bilateral investment treaty.
  • Worked on a pro bono basis with NGO, Legal Response Initiative, to provide written responses to queries on international environmental and climate change law from parties to the United Nations Framework Convention on Climate Change, and civil society observer organisations.

Finance > Trade finance Tier 3

Investment fund formation and management > Private funds Tier 3

The funds team at Linklaters LLP has a strong offering to fund managers across private equity, infrastructure, credit and special situations, providing advice of ‘exceptional quality’ on structuring, marketing and fundraising. The firm’s office in Luxembourg enables the London team to provide comprehensive assistance on Luxembourg-domiciled funds, and it is also reguarly engaged to advise on funds based in Ireland and the Caymans. Matthew Keogh leads the practice and specialises in debt and credit funds, as well as access funds; clients find his knowledge in this space a ‘really outstanding resource to be able to call upon’. ‘Commercial and practical’ Rahul Manvatkar has broad expertise across a range of fund structures as well as experience in co-investment arrangements, while Clare Baker leads the team’s investor-side practice and acts for pension funds, sovereign wealth funds and institutional investors.

Practice head(s):

Matthew Keogh

Other key lawyers:

Rahul Manvatkar; Clare Baker; Emily Simmons; Ben Jennings; Gabriela Patrikova

Testimonials

‘The Linklaters team have excellent market knowledge. LL have developed and maintained a core team that advise and support us – the advice/work products are delivered efficiently and are of exceptional quality.’

‘Stand out individuals are managing associates Ben Jennings and Emily Simmons. They understand our requirements and positions intimately as well as the market and are commercial/pragmatic in approach. At partner level, Matt Keogh leads the relationship and is a really outstanding resource to be able to call upon on the occasions when his expertise is required.’

‘We consider the Private Funds team integral to our success in bringing and broad scope of investment propositions to our investor base. Their in-depth knowledge of private credit and the market has been invaluable. As the scope of Private Credit has expanded, we have become increasingly appreciative of the Linklaters team’s breath of knowledge across asset classes and experience dealing with a range of investors in the market.’

‘We hugely value the insights that Matt Keogh is able to provide on structuring and market terms across all of our existing and future products. Matt always makes himself available and we feel very valued as a client. Clare Baker introduces an organised momentum and keen eye for detail into all matters she advises on to ensure a smooth and efficient fundraise.’

‘All team members (from the most junior to the most senior) have their finger on the pulse when it comes to identifying market practice. Their work product is incredibly user-friendly and efficient.’

‘Clare Baker is able to clearly distinguish the key negotiation points. Over the last couple of years she has taken great pains to understand our preferred positions and develop an efficient way of working with us.’

‘Ahead of the game on industry developments and commercially-minded in finding workable solutions. Willing and able to accommodate unusual and bespoke requests in a timely and economic manner. Helpful and responsive, able to deal with multiple projects on a variety of fronts.’

‘Rahal Manvatkar is always available, commercial and practical with problem solving and issue spotting. Gabriela Patrikova is a superstar in the team, a master of managing multi functional / cross practice processes and documents’

Key clients

Ardian

Ashmore

Barings

British Business Bank

DWS

Macquarie

Morgan Stanley Investment Management

Nestle Ventures

Partners Group

PSP Investment, AIMCo, OTPP, CPPIB

SoftBank Investment Advisers

Universities Superannuation Scheme

Public sector > Administrative and public law Tier 3

The Linklaters LLP team provides a service covering aspects of public and administrative law, ranging from judicial reviews across a range of sectors, to mandates with a nexus to media and technology. The team is praised for providing a 'combination of commercial acumen and sector specific specialisms, making a rounded offering across disputes and corporate', and is adept at acting for businesses and public bodies on complex matters which require urgent resolution or involve issues of significant public interest. Practice head Tom Cassels is sought after by high-profile clients to provide senior level advice, and is commended for his ‘superb strategic vision and tactical nous‘.

Practice head(s):

Tom Cassels

Other key lawyers:

Jacqueline Chaplin; James Phoenix

Testimonials

‘Tom Cassels has acted for us for many years on many different matters, but most recently he has engineered a superb team of Linklaters lawyers and counsel to handle a major legal challenge that is critical to the future of our business. I could not have asked for anything more.’

‘Tom Cassels’ experience and knowledge of our business is unique, and unbeatable when combined with his top-notch client base, knowledge and experience in administrative and public law, and his 100% commitment to his work. He is supported by a great range of extremely able, committed and hard-working lawyers.’

‘All the lawyers I have dealt with have the same straightforward, friendly approach which is all the more impressive when advising, at times, under great pressure.’

‘The team at Linklaters provide a first class service. I was particularly impressed with the combination of commercial acumen and sector specific specialisms they are able to bring to the table, making it a rounded offering.’

‘Tom Cassels, Jacqueline Chaplin and James Phoenix deserve particular credit. Tom Cassels has superb strategic vision and tactical nous. Jacqueline Chaplin is a gifted lawyer. James Phoenix has fantastic technical ability.’

‘Strong team led by the very able Tom Cassels.’

Key clients

Children’s Investment Fund Foundation (UK)

JD Sports

The Department for Transport

Medical Protection Society

Ola UK Private Limited

Experian Limited

Stonewall and LGBT Foundation

Privacy International

Intas Pharmaceuticals Limited, Accord Healthcare Limited and Accord-UK Limited

Hg Capital LLP

Shawbrook Bank Limited

Annington Property Limited, Annington Holdings (Guernsey) Limited (collectively, “Annington”) and Terra Firma Capital Partners Limited

Camelot UK Lotteries Limited

Work highlights

  • Represented Annington Property in its multi-billion pound judicial review of the Ministry of Defence’s attempt to regain property rights over 38,000 properties.
  • Advised Camelot on the competition for the Fourth National Lottery Licence, valued at over £3.6bn.
  • Representing Shawbrook Bank in its application for judicial review of a decision of the Financial Ombudsman Service.

Real estate > Commercial property: corporate occupiers Tier 3

The top-class team’ at Linklaters LLP advises its roster of clients, including domestic and international developers and investors, on big-ticket transactions, including M&A and distressed real estate mandates, as well as high-value regeneration and development projects. Praised as a ‘a steady and knowledgeable guiding force’, global practice head Andy Bruce leads the London-based real estate team and handles acquisition, disposal and financing matters, while senior partner Martin Elliott is the practice’s key contact for development projects. Senior partner Patrick Plant has considerable experience advising investors, developers, lenders and tenants on the full gamut of real estate property mandates in the UK, and Tom Watkins focuses on real estate M&A transactions.

Practice head(s):

Andy Bruce

Other key lawyers:

Testimonials

‘Andy Bruce is very impressive and knowledgeable.’

‘Great innovative thinking. Solution focused’

‘Andy Bruce is extremely personable, has in-depth market knowledge and very clear in his advice.’

‘The team is professional and all members of the team understands the client’s needs. In difficult circumstances, they are willing to explain the implications and recommend solutions which will protect the client’s interest.’

‘Andy Bruce is extremely personable.’

Key clients

Glencore

State Street Bank and Trust Co

Linklaters LLP

Baker Botts

Work highlights

  • Advising Glencore on the pre-let of its new UK HQ, being three floors of the new Hanover Square development, above the Bond Street Crossrail station, from Great Portland Estates.

TMT (technology, media and telecoms) > Intellectual property: patents (contentious and non-contentious) Tier 3

Capable across both contentious and non-contentious patent matters, the team at Linklaters LLP acts for some of the world’s largest pharmaceuticals and biotechnology companies. Key areas of expertise for the team include the healthcare, telecoms, technology, consumer, and industrial industries. The team is led by Ian Karet, who has over 30 years of experience in the field and is notable for his healthcare sector patent litigation expertise, acting for global innovators. Yohan Liyanage has a broad practice, coordinating global patent disputes while also advising on the IP aspects of M&A, joint ventures, IPOs, and patent licensing transactions. Managing associate Stephanie Farrington is also of note, advising on cross-border patent litigation and negotiating and drafting licensing agreements. Paul Joseph joins the firm from Norton Rose Fulbright.

Practice head(s):

Ian Karet

Other key lawyers:

Testimonials

‘Very good.’

‘I recommend Ian Karet.’

‘Nemone Franks is an absolute superstar.’

Key clients

GSK

Sanofi

Regeneron

Takeda

VHSquared

Reliance

Alphawave

Work highlights

  • Advising GSK on a high-profile and high-value patent dispute in relation to an HIV drug, bictegravir
  • Advising Sanofi and Regeneron on a high-profile multi-jurisdictional patent dispute in relation to a monoclonal antibody treatment for cardiovascular disease.
  • Advising on the £3.5bn IPO of Oxford Nanopore Technologies on the London Stock Exchange.

Corporate and commercial > Partnership Tier 4

Linklaters LLP advises a range of professional and financial services firms, including partnerships and LLPs, most notably the ‘big four’ accountancy firms such as KPMG LLP and prominent, global private equity firms and financial institutions. It has the resources to bring together expertise in related corporate and corporate structuring and other fields together with global issues. It assists partnerships of various kinds on areas such as team moves, exits and dismissals, restructuring and regulatory regimes and investigations. Nick Porter has handled a number of high-profile disputes and investigations in the financial services and insurance sectors while Nicola Rabson combines expertise in employment law and partnerships; she advises employers and partnerships on areas such as the enforcement of restrictive covenants, team moves and senior and executive appointments, exits and terminations in the context of partnerships.

Practice head(s):

Nicola Rabson; Nick Porter

Testimonials

Nicola Rabson has unparalleled experience across investigations, litigation, crisis mandates, whistleblowing and discrimination.’

Key clients

KPMG LLP

Work highlights

  • Acts for KPMG on an investigation conducted by the Financial Reporting Council (the “FRC”) under its Accountancy Scheme. The FRC alleges Misconduct (as defined in the Accountancy Scheme) against KPMG and several former KPMG employees regarding the provision of allegedly false and misleading information and/or documents to the FRC in connection with the FRC’s Audit Quality Reviews.

Real estate > Construction: non-contentious Tier 4

Linklaters LLP‘s construction team is particularly strong in relation to public infrastructure, renewable energy, energy transition, nuclear power, petrochemicals, and oil and gas projects. The team is co-led by Andrew Penfold, who specialises in domestic and international energy and construction projects, and Richard Coar, who is experienced in advising clients on the full suite of construction documents.

Practice head(s):

Andrew Penfold; Richard Coar

Key clients

Department of Business Energy and Industrial Strategy

SSE Renewables and Equinor

Northvolt

TMT (technology, media and telecoms) > Intellectual property: trade marks, copyright and design Tier 4

Ian Karet spearheads the trade mark, copyright, and designs practice at Linklaters LLP, which is a trusted adviser to some of the largest global businesses in the consumer, healthcare, telecoms, technology and financial services industry sectors, regularly managing their IP portfolios. The transactional practice of the firm is of particular note, with recent highlights including assisting Unilever with the sale of its global tea business. Counsel Natalie Ellerby is a key member of the team, with considerable experience advising on trade mark disputes alongside Karet. Paul Joseph recently joined the firm from Norton Rose Fulbright.

Practice head(s):

Ian Karet

Other key lawyers:

Testimonials

‘Expertise in their field, ability to pull in the right people at the right time for component parts of a large contract. Very impressed by the calibre of every individual we dealt with throughout the process.’

‘Ability to consistently ensure across the work that it was all aligned, regardless of any changes coming through. Strong and clear advice, keeping the business informed and true to what it needed to do and know, and any risks, consequences to help inform decisions.’

‘Excellent ability to translate complex legal parts into language that was easy for the business to follow and manage. Utterly calm throughout and kept a strong and professional relationship with the other legal team for the other side – a real art not to allow items to escalate or behaviours to play out. Very impressed on the calm and collected approach, whilst being unrelenting on critical legal issues.’

Key clients

Merck

Unilever

Sony

Nestle

Staples

TDR

McKesson

Work highlights

  • Advising Merck & Co. Inc. on its long-running trade mark dispute with Merck KGaA regarding the use of the Merck name, in particular on websites.
  • Advising Unilever plc on the separation and sale of its global tea business, including the PG Tips, Pukka and T2 brands.
  • Advising Sony of its acquisition of Firesprite, an independent UK computer game developer.

Finance > Transport finance and leasing Tier 5

Led from London by the ‘excellent’ Olga Petrovic and able to leverage the expertise of specialists in complementary practice areas, including capital markets, restructuring and fundsLinklaters LLP is particularly well positioned to handle major multi-disciplinary cross-border transactions in the maritime and aviation sectors. Both Petrovic and Caroline Courtney – who has ‘broad and deep experience in commercial aviation finance and private aviation operations’ – have recently been particularly active advising creditors with exposure to distressed or insolvent airlines and shipping companies.

Practice head(s):

Olga Petrovic

Other key lawyers:

Caroline Courtney; Rebecca Jarvis; Chiara Larghi; Matthew Pawlak; Alliance Mukengeshayi; Stephen Adrian

Testimonials

Great team with good all round support across regions – seamless support across jurisdictions and teams makes this team my go-to for all things transport and finance.’

They are practical and client focused in delivering on transactions.’

The team is very responsive and has an in-depth knowledge about the industry.’

The excellent Olga Petrovic provides practical, clear advice that is always commercial and honest. I am always confident having her on our side – her market knowledge is second-to-none.’

Caroline Courtney has broad and deep experience in commercial aviation finance and private aviation operations and associated risks. She is always available, very hands on and supremely capable.’ 

‘Caroline Courtney and Olga Petrovic are both great to work with.’

‘Excellent service; responsive; hard working; go the extra mile.’

Key clients

Citibank N.A.

UBS AG

Cross Ocean Partners

Deutsche Bank AG

MUFG

Bank of America

Strategic Value Partners

Goldman Sachs

Cathay Pacific Airways Limited

NatWest Bank

Credit Agricole Commercial and Investment Bank

Genting

Hapag-Lloyd AG

SeaCube Containers

 

Work highlights

  • Advising an ad hoc group of lenders under a revolving credit facility, as well certain lenders under certain bilateral and Schuldschein facilities to NAC Aviation 29 DAC.
  • Advising Kreditanstalt für Wiederaufbau on a Covid-19-related DIP financing for the distressed German airline Condor.
  • Advising MV Werften Group and Genting Group on a Covid-19-related international restructuring, including in particular financial aids under the German Economic Stabilisation Fund.

India > Foreign firms Tier 1

At Linklaters LLP, Narayan Iyer heads the India group from London, advising lenders and corporates on inbound and outbound transactions, especially on acquisitions, leveraged and structured finance. More broadly, with a core team in Singapore, it has an established reputation for high-profile, cross-border M&A and corporate deals, capital markets and disputes work. With its global reach and broad expertise, the firm can navigate its clients through varied challenging markets. In London, corporate expert Savi Hebbur is duel qualified in England and Wales and New York and heads the India corporate offering – he advises both international companies and PE houses and Indian corporates. Other leading practitioners in London include Ben Carroll  (India dispute resolution) who also advises on fraud, sanctions issues and cross-border investigation and Sushil Jacob (corporate transactions). In Singapore Philip Badge (finance), Amit Singh (capital markets) and Phill Hall are key contacts. The latter has some decades of experience in both debt and equity capital markets, in India and across Asia.

Practice head(s):

Testimonials

‘Technology and collaboration are the two very good plus points of Linklaters. They are tech savvy and hence easily accessible. These are the two areas which are very important in the current pandemic situation.’

‘High technical competency, with the ability to give practical and commercial advice. Responsive and proactive from a client care perspective.’

Key clients

Hero Future Energies

Tata Group

OYO Rooms

Bharti Airtel

Adani Group

Aditya Birla Group

Vedanta

ICICI Securities Limited

Crédit Agricole Corporate and Investment Bank

CSI Finance Limited

Brookfield

VTB

BP

New York Life Insurance Company

Moore Capital Management

Global University Systems

Work highlights

  • Advised a syndicate of mandated lead arrangers led by a multinational banking and financial services company and an international banking group on a syndicated facilities agreement for Adani Green Energy Limited and its project companies in respect of a series of hybrid wind and solar projects in Rajasthan, India.
  • Advised ORIX Corporation on its US$963m investment into the Greenko Group, one of India’s leading renewable energy companies, and also on the sale of its Indian wind assets to the Greenko Group for US$342m.
  • Advised the book running lead managers in connection with the qualified institutions placement (QIP) of equity shares by Max Healthcare Institute Limited.

Morocco > Foreign firms Tier 1

The London and Paris offices of Linklaters are home to partners who frequently handle high-profile transactions in Morocco, among them the head of the Africa group Andrew Jones and Bertrand Andriani, who leads the Francophone Africa practice. The firm is currently advising on the $2.38bn financing of the 1,320MW Safi coal power project, and the $1.4bn Jorf Lasfar coal-fired independent power plant. ‘The firm is unique in its broad expertise on Moroccan law‘, remarks a client.

Practice head(s):

Andrew Jones; Bertrand Andriani

Other key lawyers:

Mehdi Boumedine

Testimonials

‘We have been working on several transactions with Linklaters in Morocco. The firm is unique in its broad expertise on Moroccan law, and more generally in Africa. They have been maintaining very good relationship with the best local counsels on the ground.’

‘Mehdi Boumedine is the rising star in M&A.’

Key clients

MIROVA (Natixis Group)

Nareva Holding

Société Générale S.A.

Work highlights

  • Advising the lenders on a working capital facility to SAFIEC, the operator of the Safi coal-fired power project (2×693 MW) located in Southwest Morocco.
  • Advising the Lenders, MLAs and agent to JLEC 5 6 in connection with the refinancing of TAQA Morocco.
  • Advising the seller, a portfolio company of a global investment firm dedicated to strategic opportunities in digital infrastructure, on the sale of its subsidiary in Morocco operating a data centre in Casablanca.

Tunisia > Foreign firms Tier 1

Linklaters LLP routinely acts for lenders on major finance transactions throughout the region, in line with the firm's signature strength. The team is also a popular choice to advise global clients on local capital markets transactions and corporate matters, including M&A deals, joint ventures and restructurings. From London, Andrew Jones leads the Africa group and is widely recognised for his premier experience in project financings across the continent. Bertrand Andriani co-heads the Francophone Africa desk and brings to bear strong expertise in banking, energy and infrastructure work.

Practice head(s):

Andrew Jones; Bertrand Andriani

Work highlights

  • Advised an oil and gas company on distribution, corporate and joint venture arrangements in Tunisia and across various African countries and the Middle East.
  • Advised a financial services company on the refinancing of Transcom Holding, a global customer service provider with locations in Tunisia.
  • Advised a global mining company on the disposal and internal reorganisation of some of their mining assets in Tunisia.

Algeria > Foreign firms Tier 2

Linklaters LLP has a strong record in oil and gas projects, most recently assisting Algeria’s state-owned energy company Sonatrach and Total on a $1.5bn petrochemical project. The team is also active in the mining and retail industries, with expertise in both contentious and non-contentious matters. Key names include Andrew Jones, who is head of the firm’s Africa Group and is based in London, and Bertrand Andriani, who leads the firm’s Francophone Africa team and works from Paris. Also in Paris is senior managing associate Aymeric Voisin, who is experienced in project financing and development.

Other key lawyers:

Key clients

Carlyle Investment Management L.L.C.

Sonatrach

Total S.A.

LetterOne Holdings S.A.

L1E Acquisitions GmbH

Work highlights

  • Advised an international oil and gas exploration company on the sale of its upstream Algerian oil and gas assets located in the Ghadames Basin.
  • Represented a major French company in a dispute and a potential investment arbitration involving the State.
  • Advised Blackrock on the acquisition of a stake in the company operating the Medgaz transnational and submarine Gaz Pipeline from Algeria to Spain.

Ghana > Foreign firms Tier 2

Linklaters LLP has been active in Ghana for a considerable period of time and has worked on many significant transactions in the country. It has a number of lawyers who are either Ghanaian or of Ghanaian heritage and has maintained close relationships with a variety of the leading local firms. The practice has substantial sector expertise in oil and gas as well as the mining and power sectors. In addition, the team is also experienced in the consumer goods telecoms and sporting sectors. Andrew Jones heads up the Africa group and is a partner in the energy and infrastructure team in London. Kwaku Osei leads the Ghana desk and is a managing associate in the energy and infrastructure group in London.

Practice head(s):

Key clients

Helios Towers PLC

Man Capital LLP

Chedid Capital Holding SAL

Work highlights

  • Advised a large state-owned corporation on a bid to acquire Occidental Petroleum Corporation’s upstream oil and gas interests (and related legal entities) in the Jubilee oil field in Ghana.
  • Advised Helios Towers PLC on its debut issuance of $250m Guaranteed Senior Unsecured Convertible Bonds due 2027, guaranteed by Helios Towers Ghana Limited.
  • Advised Man Capital LLP on its £27m majority investment in and joint venture with Right To Dream, which will focus on furthering the activities of the Right To Dream academy in Ghana.

Angola > Foreign firms Tier 3

Andrew Jones and Francisco Ferraz De Carvalho lead Linklaters’ Angolan offering from London and Lisbon, respectively. The team’s practice maintains an Africa-wide approach, facilitating cross-border transactions and matters with ease via the firm’s wider network. The team has recently been active advising clients on matters related to the ongoing privatisation initiative by the state.

Practice head(s):

Andrew Jones; Francisco Ferraz de Carvalho

Other key lawyers:

Diogo Santos

Testimonials

‘The team is uniquely straight to the point without compromising the full review of all angles of a subject. It is flexible and confident enough to accommodate global solutions to local problems.’

‘Partner Diogo Santos knows how to work with and properly empower local lawyers in a way that global and local approaches combined to the benefit of the client. His soft-skills are remarkable and his in-depth knowledge of Portuguese speaking African jurisdictions is significant too.’

Key clients

Calouste Gulbenkian Foundation

IGAPE

Work highlights

  • Advised IGAPE on the privatisation of 51% of the state-owned insurance company ENSA.

Mozambique > Foreign law firms

The Mozambique-focused team at Linklaters advises on some of the region's most significant matters in the energy sector. Major project finance transactions are mainstays for the team, which works in conjunction with the global Linklaters network on cross-border matters for multinationals, international financial institutions and investors. Lusophone practice head Francisco Ferraz De Carvalho is a key name for financing projects. London-based partner Andrew Jones heads up the firm’s Africa practice and is instrumental in mining and infrastructure matters. Mozambique M&A specialist Diogo Plantier Santos made partner in 2021. Beyond the partners, Laura Nunes Vicente is a key individual and is particularly active in energy and infrastructure projects relating to the Nacala Corridor project.

Practice head(s):

Andrew Jones; Francisco Ferraz de Carvalho

Other key lawyers:

Diogo Santos; Laura Nunes Vicente

Testimonials

‘The speed of response as well as technical capabilities and the knowledge of Mozambican environments and legislation has impressed me as a core strength of this team throughout our collaboration.’

‘Francisco Ferraz de Carvalho and Laura Vicente have both impressed me, Francisco through his leading role and Laura through her hard work and determination.’

‘Linklaters LLP is a foreign firm that has a highly qualified team for the local market. It combines innovation with legal and practical knowledge that makes it a firm of excellence in structuring projects and other matters.’

‘I highlight innovation, excellence and respect for the independence of local firms. I also highlight a solid knowledge and experience about local law and practice. In personal terms, knowledge of the reality and practice of the market, technical quality .’

‘Strong team leadership and coordination of matters, practical knowledge of reality, above-average technical quality and innovation. I would like to highlight Francisco Ferraz de Carvalho for his leadership and experience in the Mozambican legal market.’

‘I highlight Laura Vicente Nunes for her versatility and mastery of local law.’

Laura Vicente is very attentive, dedicated and flexible. She does not restrict herself to her role, she offers help for any situation which occurs, and is always open to providing solutions and excellent assistance.’

‘Diogo Santos is the best legal advisor. Always helpful, and ready to assist anytime day or night.’

Key clients

Eni S.p.A.

ExxonMobil

Galp Energia

CNPC International Ltd

Korea Gas Corporation

Empresa Nacional De Hidrocarbonetos

Mizuho Bank

African Development Bank

Export Credit Insurance Corporation of South Africa

Japan Bank for International Cooperation

Nippon Export and Investment Insurance

Work highlights

  • Advised Eni, ExxonMobil and its co-venturers on all aspects of the development of the Rovuma LNG project in Mozambique.
  • Advised the lenders on the project financing of the Nacala Corridor Rail and Port project in Mozambique and Malawi.
  • Advising Eni and its Area 4 partners on all aspects of the $11bn development and project financing of the ongoing Coral South FLNG project.

Portugal > Projects and project finance

Linklaters is a popular destination for banking and financial services clients engaged in project financing transactions across a variety of sectors, including energy and infrastructure. The practice continues to work on market-leading projects on behalf of major international and domestic clients, thanks to its global reach and in-depth expertise in a range of segments, including motorways, ports, railways, biomass, LNG and power energy. Also noteworthy is the team’s strength in project asset acquisitions and disposals, development mandates and long-term contracting. Francisco Ferraz De Carvalho, who excels in energy projects, where he has advised lenders, sponsors and governmental entities, spearheads the practice. Teresa Novo Faria is a name to note for project finance, while Laura Nunes Vicente stands out for her experience in projects in Portuguese-speaking countries in Africa. The arrival of Maria de Athayde Tavares from CS’Associados in January 2021 reinforced the energy and infrastructure practice; she possesses significant knowledge of public law and regulatory matters.

Practice head(s):

Francisco Ferraz de Carvalho

Key clients

European Investment Bank

Marguerite Adviser S.A.

Mizuho Bank, Ltd.

Morgan Stanley Infrastructure Inc.

Hanwha Global Asset Corp

Banco Comercial Português, S.A.

Petrogal, S.A.

CRRC Tangshan Co., Ltd.

Mozambique Rovuma Venture SpA

Barraqueiro SGPS SA

Italian-Thai Development PCL

United Arab Emirates > Infrastructure and projects (including project finance)

Linklaters has a broad projects and infrastructure practice and is active across the GCC, with a particular focus on Saudi Arabia. The practice has expertise in cross-border transactions, multi-tranche financings and secondary market acquisitions. Practice head Matthew Keats has significant experience advising on the development, acquisition/disposal and financing of energy and infrastructure projects. The team in Dubai also includes managing associate Jonathan Vick and associate Divya Chawla. Sarosh Mewawalla left the firm.

Practice head(s):

Matthew Keats

Other key lawyers:

Testimonials

‘Excellent lawyers – worked with multiple partners and their teams ranging from commercial contracts reviews/negotiations to arbitration prep.’

‘Advice and quality of work delivered was excellent.’

The team had deep contract law knowledge, specific to the oil and gas sector.’

‘Highly responsive, good commercial acumen, excellent legal drafting skills.’

Key clients

Shell Vivo Lubricants Supply DMCC

Advanced Petrochemical Company

Samba Financial Group Saudi American Bank

Vision International Investment Company

Royal Commission of Jubail and Yanbu

Abu Dhabi Islamic Bank ADIB

Work highlights

  • Advising Advanced Petrochemical Company on the financing for the construction of a greenfield petrochemicals plant in Jubail, Saudi Arabia
  • Advised Alinma Bank as the lender to Mada Al Ghurair Limited on the SAR 950m commodity murabaha based financing and privatisation of a milling company located in Saudi Arabia.
  • Advised Abu Dhabi Islamic Bank on the $120m equity bridge loan and hedging arrangements it entered into with Dhafrah Solar Energy Holding Company.

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

Trusted advisers to Japanese and international public and private companies, Linklaters‘ Tokyo corporate and M&A offering covers a full spectrum of joint ventures, corporate restructuring, foreign ownership structures, and trade competition. Led by Hiroya Yamazaki and Matthew Bland , the team has a strong footprint in the technology, healthcare, and renewable sectors.

Practice head(s):

Hiroya Yamazaki; Matthew Bland

Other key lawyers:

Testimonials

M&A- great market knowledge and experience.’

Key clients

Aioi Nissay Dowa Insurance Co., Ltd.

Ajinomoto Co., Inc.

Brother Industries, Ltd.

Harmonic Drive Systems Inc.

Hitachi, Ltd.

Japan Infrastructure Initiative Company Limited

KYB Corporation

Macquarie’s Green Investment Group

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Nippon Telegraph & Telephone Corporation

Nissin Foods Holdings Co., Ltd

Nomura Real Estate Holdings, Inc.

Nomura Securities Co., Ltd.

ORIX Corporation

Panasonic Corporation

Sandoz, a subsidiary of Novartis

Takeda Pharmaceutical Company Limited

TDK Corporation

Tokio Marine Holdings, Inc.

Work highlights

  • Advised ORIX Corporation on its US$963m investment into the Greenko Group, one of India’s leading renewable energy companies and on the sale of its Indian wind assets to the Greenko Group for US$342m.
  • Advised on the formation of a joint venture with a global energy leader, Iberdrola, on the co-development of a 3.3GW portfolio of six offshore wind projects in Japan.
  • Advised on its strategic investment in Mind Foundry Limited, a UK-based machine learning software spinout of University of Oxford.

Portugal > Energy and natural resources

Linklaters not only has the ability to assist clients throughout all steps of project finance and development related to conventional and renewable energy sources, but is also well versed in M&A transactions involving energy and natural resources assets. Green energy and climate change issues are strong points for the department, which also handles portfolio acquisitions, financing deals and cross-border matters in the sector. The firm also houses an environment practice, which is seasoned in mandates ranging from complex regulatory issues to environmental and industrial licensing. Francisco Ferraz De Carvalho is primarily engaged in high-value project financing in the fields of biomass, solar, hydro and wind power in Portugal and abroad. Laura Nunes Vicente has notable experience in project finance and development matters in the energy sector, while Maria de Athayde Tavares specialises in environmental and public law issues.

Practice head(s):

Francisco Ferraz de Carvalho

Key clients

Hanwha Energy Corporation

European Investment Bank

Marguerite Adviser, S.A.

Glennmont Partners

Banco Comercial Português, S.A.

Caixa BI

Bankia

Millennium BCP

Banco Sabadell

Santander

CACIB

ExxonMobil

ENI

CNPC

Galp

Kogas

ENH

Banco BPI, S.A.

Fima Olá

United Arab Emirates > Oil, gas and natural resources

Linklaters has expertise advising on multi-tranche financings of projects, covering both conventional and Islamic structures. Matthew Keats has extensive experience advising on the development, acquisition and disposal and financing of energy and infrastructure projects. Keats joined from the London office in 2020 and was appointed as practice head in 2021 following the departure of Sarosh Mewawalla.

Practice head(s):

Matthew Keats

Other key lawyers:

Testimonials

‘Linklaters have very good team members with a lot of experience on both the sponsors and lenders sides. One of their strengths is their strong positioning in different regions and sectors, allowing them to have the right experience to advise on large transactions.’

‘The partners are are very pragmatic and they go straight to the point. In particular, Matthew Keats has strong experience dealing with sponsors and with banks/ECAs which allow him to understand the issues and to propose the right compromises/advice. He’s a pleasure to work with on both the personal and professional fronts.’

Key clients

BNP Paribas

Bahrain National Gas Expansion Company (Tawseah)

The Oil and Gas Holding Company B.S.C NogaHolding

Shell Vivo

Work highlights

  • Advising the Bahrain National Gas Expansion Company’s (Tawseah) on the refinancing of its existing $515m syndicated facility in relation to two associated gas processing facilities in Bahrain
  • Advising The Oil and Gas Company Holding B.C.S. (Nogaholding) on the expansion and upsizing of its existing $1.4bn murabaha facility.

The firm: Linklaters LLP is a leading global law firm, supporting clients in achieving their strategies wherever they do business. The firm uses its expertise and resources to help clients pursue opportunities and manage risk across emerging and developed markets around the world.

Types of work undertaken
Banking: comprehensive experience spanning acquisition and leveraged finance, bilateral and syndicated credit facilities, financial structuring, high yield, real estate finance, trade and emerging markets finance, restructuring and insolvency and asset finance.

Capital markets: expertise across international capital markets, covering debt, equity, equity-linked, regulatory capital, liability management, high-yield, derivatives and structured financings.

Competition/antitrust: expertise in merger control, cartels, abuse of dominance, market investigations, state aid, public procurement, utility regulation, damages litigation in the UK and litigation before the EU courts. Specialist lawyers in key jurisdictions in Europe, the US and Asia.

Corporate and M&A: advice on finance and commercial transactions, including complex cross-border M&A, major listings on stock exchanges globally, joint ventures, restructuring and privatisations.

Corporate tax: expertise across all tax aspects of corporate transactional (private equity), finance (structured finance), international tax planning, contentious, real estate and investment funds work.

Dispute resolution: wide range of dispute resolution services for multi-jurisdictional and complex matters through litigation, arbitration, mediation and other forms of ADR. Specialisms include crisis management, banking, derivatives and structured products disputes, regulatory investigations, sanctions, fraud and white-collar crime, global cartel investigations, competition and antitrust litigation, insolvency disputes, contentious tax, energy and infrastructure disputes, pensions litigation, BIT and international commercial arbitrations and property litigation.

Employment and incentives: a balanced global practice combining advisory work, transactional involvement and contentious advice. Employment work includes regulatory investigations, restructurings and redundancies, governance, board/senior executive appointments, terminations and disputes. Incentives work includes global share plans, including plan design and structure, corporate transactions, regulatory issues, governance, trusts and corporate/individual tax.

Environment and climate change: advice on all aspects of environmental and climate change regulation, carbon trading, sustainability and governance, allocation of environmental assets and risks in M&A, project finance, funds and real estate, and regulatory and environmental dispute resolution.

Financial regulation: advice on financial regulation, compliance risk management and regulatory investigations and enforcement for investment, commercial and retail banks, asset managers, private equity houses, insurers, exchanges, trading platforms, clearing houses and other financial institutions in the UK and globally.

Insurance: expertise includes M&A, joint ventures, rights issues, securitisations, demutualisations, complex capital markets transactions, reorganisations, portfolio transfers and regulatory.

Intellectual property: expertise in contentious and non-contentious aspects of IP rights.

Investment management: the firm advises sponsors and investors on the structuring, formation, taxation and regulation of all types of funds, clubs and joint ventures investing in all asset classes, and advises on the spin out, establishment and operation of asset managers as well as the latest regulatory, tax and market developments relevant to the asset management industry.

Pensions: the pensions group advises both trustees and corporates on the full range of pensions issues, including tailored funding solutions, regulatory, governance and investment issues.

Private equity: expertise in all aspects, from establishing the fund to advising private equity houses and other financial sponsor clients on leveraged transactions including private acquisitions, take-privates, carve-outs, consortium deals and distressed acquisitions and private sale and IPO exits.

Projects: advice on project financings in the energy and infrastructure sectors: oil and gas, petrochemical, power, green energy (renewables), telecoms, mining, water, PPP/PFI, together with all other aspects including investment vehicles, hybrid and structured financing and refinancing.

Real estate: global specialists in investment, development, M&A, finance, tax, funds, environment, planning and disputes.

Restructuring and insolvency: leading expertise across debt restructuring and rescheduling, equity capital raising and restructuring, distressed M&A activity and debtor advisory work among others.

TMT: expertise in commercial and regulatory advice on outsourcing, data protection, IT, e-commerce, telecoms, media and broadcasting.

Check out www.linklaters.com/ukgrads.

DepartmentNameEmailTelephone
Senior partner Charlie Jacobs
Managing partner Gideon Moore
Global head of corporate Aedamar Comiskey
Global head of dispute resolution Michael Bennett
Global head of finance and projects Michael Kent
Global head of real estate Andy Bruce
Banking Tony Bugg
Capital markets Michael Voisin
Competition Jonas Koponen
Corporate tax Yash Rupal
Dispute resolution Michael Bennett
Employment and incentives Nicola Rabson
Environment and climate change Vanessa Havard-Williams
Financial regulation Peter Bevan
Intellectual property Richard Cumbley
Investment management Matt Keogh
Pensions Ruth Goldman
Projects Stuart Salt
Real estate Yves Moreau
Restructuring and insolvency Rebecca Jarvis
Restructuring and insolvency Richard Bussell
Techology, media and telecommunications Richard Cumbley
Tax Gordon Warnke
PhotoNamePositionProfile
Christian Ahlborn photo Christian AhlbornChristian is a Partner in the Linklaters London competition practice. He specialises in EC…
Edward Aldred photo Edward AldredEdward Aldred is a Partner in Linklaters’ Banking Group with a wide…
Ian Andrews photo Ian AndrewsIan Co-heads the Infrastructure & transport sector at Linklaters. He has been…
Pauline Ashall photo Pauline AshallPartner in the firm’s derivatives and structured products group. Acts for banks,…
Duncan Barber photo Duncan BarberDuncan is a leading practitioner in the insurance sector. He has extensive…
Roger Barron photo Roger BarronRoger is a specialist in corporate law, including public and private mergers…
Stuart Bedford photo Stuart BedfordStuart is based in London and was the former head of the…
Christopher Bellamy photoSir Christopher BellamySir Christopher Bellamy QC is the Chairman of the Linklaters Global competition…
Michael Bennett photo Michael BennettMichael is the firm’s Global Head of Dispute Resolution and has over…
Peter Bevan photo Peter BevanPeter is Global Head of Linklaters’ Financial Regulation Group and is one…
Mike Bienenfeld photo Mike BienenfeldUS partner based in London focussed on equity and debt capital markets,…
Matthew Bland photo Matthew BlandMatthew is a corporate partner based in the London office. He advises…
Mark Blyth photo Mark BlythMark heads Linklaters’ Pensions Disputes practice. He is acknowledged as one of…
Simon Branigan photo Simon BraniganSimon has extensive experience advising corporates, financial institutions and investment trusts on…
Andy Bruce photo Andy BruceAndy leads the firm’s Global Real Estate practice. He has extensive experience…
Tony Bugg photo Tony BuggTony is widely acknowledged as the preeminent restructuring and insolvency lawyer in…
Mark Burgess-Smith photo Mark Burgess-SmithMark is a senior partner in our London real estate team with…
Richard Bussell photo Richard BussellRichard is global co-head of the Firm’s restructuring and insolvency team, comprising…
Ian Callaghan photo Ian CallaghanIan advises corporates, investment banks and alternative credit providers on public and…
Edward Chan photo Edward ChanEdward specialises in complex structured financings, particularly those with elements driven by…
Euan Clarke photo Euan ClarkeEuan is a specialist in insolvency litigation. His practice covers contentious and…
Owen Clay photo Owen ClayOwen leads one of the firm’s fours corporate M&A groups in London…
Aedamar Comiskey photo Aedamar ComiskeyAedamar is Linklaters Global Head of Corporate and specialises in public and…
Richard Cumbley photo Richard CumbleyRichard is global practice head of Linklaters technology, media and telecoms practice.…
Michael Cutting photo Michael CuttingMichael is a partner in the Competition/Antitrust practice, based in London.  He…
Jonathan De Lance-holmes photo Jonathan De Lance-holmesJonathan is a senior partner in the firm’s Investment Management group, and…
Neil Dixon photo Neil DixonPartner in the Equity and Debt Markets Group. Neil advises financial institutions…
Satindar Dogra photo Satindar DograAs head of the firm’s London office Dispute Resolution practice, Satindar is…
Eamonn Doran photo Eamonn DoranEamonn is a Consultant in the Linklaters London competition practice. He specialises…
Mark Drury photoMr Mark DruryMark is a specialist in relation to financial market infrastructure and complex…
Harry Eddis photo Harry EddisHarry has long-standing expertise in financial markets regulation, and regularly advises banks,…
Oliver Edwards photo Oliver EdwardsOliver advises leading banks and corporations on financing transactions globally, and has…
Martin Elliott photo Martin ElliottMartin is a senior real estate partner who advises on commercial property…
Carl Fernandes photo Carl FernandesCarl Fernandes is a London-based Partner in the global Financial Regulation Group.…
Simon Firth photo Simon FirthSimon specialises in the structuring of derivative products, the provision of derivatives…
Nemone Franks photo Nemone FranksAdvises on complex, high-value commercial contracts for the exploitation of intellectual property…
Jessamy Gallagher photo Jessamy GallagherJessamy is a corporate partner based in London with a leading reputation…
Daniel Gendron photo Daniel GendronDaniel has extensive experience in leveraged finance transactions and financial restructurings, as…
Richard Godden photo Richard GoddenRichard has been a partner at Linklaters for over 25 years during…
Toby Grimstone photo Toby GrimstoneToby specialises in international banking deals. He has wide-ranging knowledge advising banks…
Mark Hageman photo Mark HagemanMark Hageman is a U.S. partner in our high yield practice. He…
Fiona Hobbs photo Fiona HobbsFiona is a leading energy and infrastructure specialist. Recent deals include advising:…
Richard Hodgson photo Richard HodgsonSolicitor of the senior courts of England and Wales. Richard specialises in…
Michael Honan photo Michael HonanMichael is a corporate partner who focuses on public and private M&A,…
Martyn Hopper photo Martyn HopperMartyn advises financial institutions on regulatory matters. Prior to returning to private…
Andrew Hughes photo Andrew HughesAndrew Hughes has over 15 years experience as a partner at Linklaters…
Ian Hunter photo Ian HunterIna is a partner in the Linklaters corporate department who focuses on…
James Inglis photoMr James InglisJames is a corporate partner based in the London office, and is…
Narayan Iyer photo Narayan IyerNarayan is a finance partner and one of the Indian market’s leading…
Charles Jacobs photo Charles JacobsCharlie is Linklaters’ senior partner and chairman and a corporate partner who…
Benedict James photo Benedict JamesBenedict has broad finance and derivatives experience in the banking and  structured…
Rebecca Jarvis photo Rebecca JarvisRebecca is global co-head of the firm’s restructuring and insolvency team, comprising…
Nigel Jones photo Nigel JonesNigel helps organisations and individuals realise their potential. He is a scientist…
Nicole Kar photo Nicole KarNicole is a Partner and Head of UK competition at Linklaters. She…
Ian Karet photo Ian KaretIan specializes in intellectual property and technology and covers commercial work and…
Matthew Keogh photo Matthew KeoghMatt is the Global Head of Linklaters’ Investment Management Group. He advises…
Nikunj Kiri photo Nikunj KiriNik is a partner in the Financial Regulation Group in London.  He…
Georgina Kon photo Georgina KonSpecialise in advising both public and private sector clients on complex domestic…
Danelle Le Cren photo Danelle Le CrenDanelle is a New York law-qualified senior banking partner who splits her…
Nicholas Le Masurier photo Nicholas Le MasurierNick specialises in restructuring and insolvency. He is based in London and…
Richard Levy photo Richard LevyRichard has a broad range of experience in international capital markets transactions,…
Yohan Liyanage photo Yohan LiyanageAdvises on a broad range of contentious and non-contentious IP projects, including…
Tracey Lochhead photo Tracey LochheadTracey is a corporate partner who advises on a wide range of…
Jason Manketo photo Jason ManketoGlobal Co-head of Equities.  Advises clients on the life cycle of their…
James Martin photo James MartinJames is a partner specialising in bank finance, acting for arrangers, corporates…
Sarah Mook photo Sarah MookSarah specialises in large, complex debt and equity restructuring matters. Sarah has…
Charlotte L Morgan photo Charlotte L MorganCharlotte Morgan has a wide range of experience in the energy and…
Alexander Naidenov photo Alexander NaidenovAlexander Naidenov is a U.S. partner in Linklaters’ London office and focuses…
Mark Nuttall photoMr Mark NuttallMark is a finance partner with a focus on infrastructure and utilities…
Mark O'Neill photo Mark O'NeillMark is a highly experienced banking lawyer and one of the market’s…
Sarah Parkhouse photo Sarah ParkhouseSarah advises on all aspects of financial markets regulation, acting for investment…
Olga Petrovic photo Olga PetrovicOlga is Head of the firm’s Asset Finance practice and co-head of…
John Pickett photo John PickettJohn is a senior Energy & Infrastructure lawyer and is one of…
Patrick Plant photo Patrick PlantAs a senior partner in the firm’s Real Estate Department, Patrick has…
Simon Price photo Simon PriceSimon is a highly experienced real estate lawyer with versatile expertise in…
Simon Pritchard photo Simon PritchardPartner in Competition/Antitrust with experience in UK and EU merger control and…
Cecil D Quillen III photo Cecil D Quillen IIICecil is a London-based US partner who is the leader of the…
Kanyaka Ramamurthi photo Kanyaka RamamurthiKanyaka is a corporate partner based in London who advises on a…
Greg Reid photo Greg ReidOver 25 years’ experience of International Commercial Arbitration and Litigation, including conduct as…
Stuart Rowson photo Stuart RowsonStuart Rowson is a leading infrastructure partner and he led the Linklaters’ teams…
Nick Rumsby photo Nick RumsbyNick is a corporate partner based in London, and is renowned for…
Oliver Sceales photo Oliver ScealesOliver is a banking partner with significant experience in structuring and executing…
Dan Schuster-Woldan photo Dan Schuster-WoldanDan is a corporate partner based in London, who focuses on the…
Scott Simpson photo Scott SimpsonScott acts for and advises banks, asset managers, alternative investment managers and…
Deepak Sitlani photo Deepak SitlaniDeepak is a Partner in the derivatves and structured products group. He is…
Edward Smith photo Edward SmithEdward is a senior funds partner, and one of the firm’s global…
Alasdair Smith photo Alasdair SmithAlasdair is a Managing Associate in the Linklaters London Pensions practice. He…
Steve Smith photo Steve SmithSteve specialises in real estate finance transactions of all kinds, with a…
Philip Spittal photo Philip SpittalMainstream banking lawyer specialising in syndicated lending, acquisition and leveraged finance, property…
Chris Staples photo Chris StaplesChris is a sector leader for our Energy & Utilities practice and…
Nadia Swann photo Nadia SwannNadia Swann is one of the senior partners in Linklaters’ Financial Regulation…
Nick Syson photo Nick SysonNick is a market-leading specialist in leveraged finance. He helped set up…
Andrew Vickery photo Andrew VickeryAndy is Head of the firm’s Structured Finance Group. He is a…
Michael Voisin photoMr Michael VoisinMichael is Global Head of Capital Markets and a partner in the…
Iain Wagstaff photo Iain WagstaffIain is a partner in the corporate practice who specialises in public…
Tom Watkins photo Tom WatkinsTom is a partner in the real estate team. With a background…
David Watkins photo David WatkinsAs head of the firm’s planning team, David has significant experience in…
Tom Wells photo Tom WellsTom is a senior banking partner who has a wide-ranging banking practice…
Bruce White photo Bruce WhiteBruce has been a partner at Linklaters since 1995 and heads up…
Sarah Wiggins photo Sarah WigginsSarah is a board room adviser and regularly works on a wide…
Jo Windsor photo Jo WindsorSpecialist in International and Domestic Corporate Recovery and Insolvency and in banking…
Alex Woodward photo Alex Woodward
James Wootton photo James WoottonJames is a corporate partner based in London and advises companies, financial…
Number of UK partners : 200
Number of other UK fee-earners : 900