Richard Parsons > Stephenson Harwood > London, England > Lawyer Profile
Stephenson Harwood Offices
1 FINSBURY CIRCUS
LONDON
EC2M 7SH
England
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Richard Parsons
Work Department
Finance.
Position
Richard focuses on financing and leasing transactions in the aviation sector. He regularly advises leading banks and lessors on complex loan financing transactions, leasing transactions, aircraft acquisitions and disposals and subordinated debt transactions.
He has strong and long-standing relationships with his key clients, who all value his understanding of their business needs and his responsive and commercially astute advice.
Richard has developed particular expertise on operating lessor financings, acting for both lenders and borrowers. He has advised a leading international operating lessor on the acquisition, financing, leasing and disposal of approximately 90 aircraft over the past nine years. He has also been active on aircraft portfolio acquisitions and disposals, including advising a leading operating lessor on the disposal of a portfolio of 37 aircraft.
In addition to representing a wide range of the world’s leading aviation finance banks, Richard also advises insurance companies and investment funds on aviation finance transactions, including a number of new entrants to the market. He also advises subordinated debt providers.
Lawyer Rankings
London > Finance > Transport finance and leasing
Combining ‘exceptional technical and commercial knowledge of the shipping industry’, Stephenson Harwood provides ‘pragmatic and solutions-oriented advice’ to commercial banks, alternative finance providers and operators. Ship finance head Ian Mace has deep knowledge across varied financing structures (including export credit backed deals and commercial debt, as well as more esoteric structures like Islamic finance) and is a popular choice among creditors and debtors on new money transactions and restructurings in the core shipping and offshore markets. Able to call upon a vast reservoir of knowledge gathered over his many years’ in practice, Jonathan Ward remains a strong presence in the market, and is particularly effective advising on matters with a Chinese nexus. Other recommended practitioners include Greek national Dora Mace-Kokota – who is able to ‘find compromising, creative and pragmatic solutions’ for both Greek and non-Greek clients – and recently promoted partner Jon Cripps, who ‘has exceptional specialist knowledge on complex structures’, including JOLCOs and back leverage structures. While shipping remains the bedrock of the practice, under the guidance of Richard Parsons, the aviation practice continues to thrive, including in the developing area of passenger to freight conversion projects. Rebecca Garner, who has ‘quite a remarkable eye for detail!’, is a popular choice for clients on aircraft acquisition and leasing. Tammy Samuel and Suzanne Tarplee co-head the rail offering, while Lisa Marks‘ broad equipment finance and leasing practice includes rail work, as well as an increasing amount of mandates relating to electric vehicles.
London > Transport > Aviation
Stephenson Harwood‘s ‘astute, commercial and focused’ team takes on the gamut of aviation matters, acting for airlines, lessors and banks in relation to asset financing, leases, regulatory issues and disputes. The practice is headed by Paul Phillips, an aviation litigation specialist, and Richard Parsons, who focuses on aviation finance. James Collins is noted for his aircraft and engine transactional work, including sale-and-leaseback arrangements. Of counsel Chloe Challinor, managing associate Johnny Champion and associate Patrick Bettle are aviation litigation specialists, representing clients in commercial and regulatory proceedings.
Lawyer Rankings
Top Tier Firm Rankings
- Private client > Art and cultural property
- Dispute resolution > Commodities disputes
- Corporate and commercial > Equity capital markets – small-mid cap
- Crime, fraud and licensing > Fraud: civil
- Investment fund formation and management > Listed funds
- Dispute resolution > Tax litigation and investigations
- Employment > Pensions: dispute resolution
- Private client > Personal tax, trusts and probate
- Transport > Rail
Firm Rankings
- Transport > Aviation
- Dispute resolution > Commercial litigation: premium
- Private client > Contentious trusts and probate
- Corporate and commercial > Financial services: contentious
- Dispute resolution > Group litigation: Claimant
- Employment > Pensions (non-contentious)
- Insurance > Professional negligence
- Transport > Shipping
- Finance > Trade finance
- Finance > Transport finance and leasing
- Dispute resolution > Banking litigation: investment and retail
- Corporate and commercial > Commercial contracts
- Employment > Employers
- TMT (technology, media and telecoms) > Intellectual property: patents (contentious and non-contentious)
- TMT (technology, media and telecoms) > Intellectual property: trade marks, copyright and design
- Industry focus > Life sciences and healthcare
- Corporate and commercial > M&A: Lower Mid-Market Deals, £100m-£750m
- Corporate and commercial > Private equity: transactions - mid-market deals (up to £250m)
- Real estate > Property litigation
- Dispute resolution > Public international law
- Risk advisory > Regulatory investigations and corporate crime (advice to corporates)
- Employment > Senior executives
- Corporate and commercial > VAT and indirect tax
- Real estate > Commercial property: investment
- Real estate > Construction: contentious
- Corporate and commercial > Corporate tax
- Risk advisory > Data protection, privacy and cybersecurity
- Employment > Employee share schemes
- Crime, fraud and licensing > Fraud: white-collar crime (advice to individuals)
- Projects, energy and natural resources > Infrastructure: Project finance and development
- Insurance > Insurance and reinsurance litigation
- Dispute resolution > International arbitration
- TMT (technology, media and telecoms) > IT and telecoms
- Projects, energy and natural resources > Oil and gas
- Projects, energy and natural resources > Power (including electricity, nuclear and renewables)
- Real estate > Property finance
- Investment fund formation and management > Real estate funds
- Public sector > Administrative and public law
- Real estate > Commercial property: development
- Real estate > Construction: non-contentious
- Finance > Corporate restructuring & insolvency
- Insurance > Insurance: corporate and regulatory
- Investment fund formation and management > Private funds
- Finance > Bank lending: investment grade debt and syndicated loans
- Corporate and commercial > EU and competition
- TMT (technology, media and telecoms) > Sport
- Dispute resolution > Tax litigation and investigations
- Real estate > Commercial property: corporate occupiers