Alston & Bird LLP > London, England > Firm Profile

Alston & Bird LLP
5th Floor, Octagon Point
St. Paul’s
5 Cheapside
Middlesex
EC2V 6AA
England

Finance > Debt capital markets Tier 4

Alston & Bird LLP stands out for its work on corporate trust and agency matters, which is now a firmly established practice in London. The firm advises clients across the US, UK and Europe on a broad range of cross-border and domestic transactions, among them investment grade bonds, solar bonds, MTN programmes, sovereign debt and high yield bond issuances. The key partner in London is James Fisher, who counts The Bank of New York Mellon, US Bank and Wilmington Trust among his key clients. Fisher is also an integral part of the ESG advisory group, which helps clients understand the growing prominence of ESG investing, as well as environmental and social risk and compliance. He advises corporate trustee clients on the development of their own ESG policies, as well as helping clients develop ESG-related products and services.  

Practice head(s):

James Fisher

Key clients

The Bank of New York Mellon

Elavon Financial Services

Intertrust Group

Apex Group

Wilmington Trust

Finance > Derivatives and structured products Tier 4

Alston & Bird LLP is building a structured and warehouse finance practice to handle a growing flow of work for a diverse group of market participants across multiple asset classes in the structured finance and securitisation markets. Its work spans deals backed by auto loans and leases, consumer loans, commercial and residential mortgages, small business loans, SBA 7(a) loans, and timeshare receivables. James Fisher is the key partner in London and he works closely with colleagues in New York to execute a wide range of structured finance transactions in Europe and the US.

Practice head(s):

James Fisher

Key clients

The Bank of New York Mellon

U.S. Bank

Intertrust Group

Apex Group

Wilmington Trust

The Bank of New York Mellon

U.S. Bank

Intertrust Group

Apex Group

Wilmington Trust

Work highlights

  • Advised Wilmington Trust in respect of litigation related to four Lehman Brothers-arranged ‘Eurosail’ securitisations.

Finance > High yield Tier 4

Alston & Bird LLP has a young high yield practice in London, though its team has more than 30 years of combined experience in high yield debt and leveraged finance. In 2021, the practice closed transactions with a combined volume of approximately $2.9bn, having advised multiple debut issuers in over $1.5bn in high yield bond offerings, and corporates and sponsors in over $1.3bn in acquisition financings. Practice head Tamer Bahgat is ‘a solid high yield partner‘; he worked with a team in Washington DC to assist World Acceptance Corporation on its debut high yield bond offering of $300m in senior notes. Counsel Michael Lee also played a key role in both transactions.

Practice head(s):

Tamer Bahgat

Other key lawyers:

Testimonials

‘Tamer Bahgat is a solid high yield partner.’

Key clients

BofA Securities, Inc

Centerfield Media Parent, Inc

FirstCash, Inc.

GMS Inc

Graphic Packaging International

Hilton Grand Vacations

Platinum Equity

World Acceptance Corporation

Work highlights

  • Represented FirstCash on its high yield bond offering of US$550m 5.625% Senior Notes due 2030 to finance the cash consideration of FirstCash’s US$1.17bn acquisition of American First Finance Inc.
  • Represented World Acceptance Corporation on its debut high yield bond offering of US$300m 7% Senior Notes due 2026, to refinance of existing debt.
  • Represented GMS Inc. on its debut high yield bond offering of US$350m 4.625% Senior Notes due 2029, to refinance of existing debt.

Real estate > Property finance Tier 5

Alston & Bird LLP has a broad client base, including domestic, Asian and US banks, debt funds and alternative lenders, as well as borrowers, investors, facility agents, and trustees. The team handles the acquisition, investment and development of offices, retail and industrial parks, hotels, student accommodation, and residential properties across the UK and Europe. Andrew Petersen and James Spencer jointly lead the practice; Peterson is strong in real estate private equity and private debt matters, and Spencer advises clients on development and structured finance transactions. Senior associate Thomas Dunn is another name of note, and he acts for banks, private equity firms, financial institutions, arrangers, and bond issuers.

Practice head(s):

Other key lawyers:

Testimonials

‘The team has good collaboration and innovation.’

‘Highly knowledgeable and experienced team.’

‘Easy to work with.’

‘Andrew Petersen and James Spencer are commercial in their approach to serving clients without compromising on quality and with an enviable industry network.’

‘Tom Dunn is an excellent real estate finance associate.’

‘James Spencer is very personable, knowledgeable and practical.’

Key clients

Blackrock

Mount Street Mortgage Servicing Limited

Investec Bank PLC

Quadrant Real Estate Advisors LLC

BlackRock Investment Management Limited

Industrial and Commercial Bank of China London

Trimont Real Estate Advisors

Work highlights

  • Acted for Blackrock as lender and Mount Street as facility agent and security agent on the amend and restate of a real estate finance facility secured over a hotel portfolio in West London.
  • Acted for Investec as lender on the amendment of a real estate finance facility secured over a portfolio of properties across the UK and Scotland.
  • Advised Trimont as agent and security agent in relation to three loans included in the Starz CRE CLO, the first European CRE CLO.

Finance > Corporate restructuring & insolvency

Established in late 2020 by Phil Taylor, formerly of Sidley Austin LLP, and strengthened further by counsel Anna Nolan's arrival from Paul Hastings LLP in July 2021, Alston & Bird LLP's nascent London restructuring practice is well poised to handle special situations and distressed investment mandates on its own as well as in collaboration with the firm's established US practice.

United States > Media, technology and telecoms > Cyber law (including data privacy and data protection)

Alston & Bird LLP‘s privacy, cyber and data strategy team is highlighted for its cross-border capabilities, recently enhanced through an expansion in Brussels. The Atlanta and Washington DC-based department mainly engages in the implementation of global data protection compliance programs and the analysis of global data privacy laws, as well as forensic investigations and breach-related litigation, including in the healthcare sector. Practice co-heads David Keating and Jim Harvey are based in Atlanta and focus on data protection and GDPR compliance for U.S.-based multinationals, respectively. Cybersecurity attorney Kimberly Peretti is their counterpart in Washington DC. Atlanta-based Senior counsel Peter Swire‘s name is known in connection to the Schrems II case, in which a privacy activist challenged the validity of the European Commission decisions on the transfer of personal data out of the EU pursuant to Standard Contractual Clauses.

Practice head(s):

David Keating; Kimberly Peretti; Jim Harvey

Other key lawyers:

Key clients

Cross-Border Data Forum

Four Seasons

UPS

T-Mobile

Work highlights

  • Acting as counsel to the Cross Border Data Forum, which publishes about how law enforcement access to evidence should change due to cloud computing and the globalization of criminal evidence.
  • Acting as lead defense counsel to Four Seasons in a consumer class action in California against Four Seasons Hotels Limited following a data breach of a third-party vendor.
  • Advised UPS as lead outside counsel for California Consumer Privacy Act compliance and continue to represent the organization as outside privacy counsel on US and EU data protection matters, including digital privacy, data transfer, and cybersecurity.

United States > Tax > US taxes: contentious

The tax controversy team at Alston & Bird LLP is noted for its experience in administrative appeals, as well as appellate litigation and alternative dispute resolution, both through mediation and arbitration.
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Established in 1893, Alston & Bird has a long history of serving clients who have cross-border transactional, dispute resolution, and advisory needs.

Our London office is for local work and is also (along with our Brussels office) an international hub for work in Europe and globally. To best serve our clients, we have lawyers qualified in the UK, EU, and New York resident in our London office. We emphasize active collaboration with our clients and adding value to their businesses, whether their need is local, regional, or global.

We focus on transactional, dispute resolution, and advisory work across the full range of industries and sectors. From our London office we serve multinational corporates, financial institutions, private equity, hedge funds, and corporate trustees globally, along with other enterprises ranging from startups, newly established and growing investment vehicles, FinTechs, and family-owned and local businesses that may not plan to transact beyond the UK or Europe.

When necessary, we supplement our focused Alston & Bird team with our established global network of relationships of firms and lawyers that have the specialties for any matter needed in any other jurisdiction. In discussion with our clients, we are able to select the best supporting resource for the matter in question.

DepartmentNameEmailTelephone
Antitrust/Competition James Ashe-Taylorjames.ashetaylor@alston.com
Corporate & Private Equity Stuart Harraystuart.harray@alston.com
Structured Finance and Corporate Trust James Fisherjames.fisher@alston.com
Debt Capital Markets & High Yield Tamer Bahgattamer.bahgat@alston.com
Dispute Resolution Paul Morrispaul.morris@alston.com
Finance Andrew Petersenandrew.petersen@alston.com
Finance James Spencerjames.spencer@alston.com
Financial Restructuring Phil Taylorphil.taylor@alston.com
Investment Funds Saloni Joshisaloni.joshi@alston.com
Partner In Charge; Payment Systems & FinTech Rich Willisrich.willis@alston.com
Leveraged Finance Paul Simcockpaul.simcock@alston.com
Privacy and Data Protection Wim Nauwelaertswim.nauwelaerts@alston.com
Number of Partners : 11
Number of Other Fee-Earners (Counsel, Associates, and Paralegals) : 19
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