Firm Profile > Cadwalader, Wickersham & Taft LLP > London, England

Cadwalader, Wickersham & Taft LLP
DASHWOOD HOUSE
69 OLD BROAD STREET
LONDON
EC2M 1QS
England

Structured products and securitisation Tier 2

'In addition to its subject matter expertise, it is without doubt a market leader in actually managing transactions and effectively dealing with third parties', remarks a client of the securitisation and asset-based finance practice at Cadwalader, Wickersham & Taft LLP. The firm has a dominant position as arranger's counsel for CLO transactions in Europe and also a significant presence in European ABS securitisation. The experienced structured products team, which includes CLO expert David Quirolo, counts well-known names such as Deutsche Bank among its clients. It has cross-border expertise in public and private securitisations and its insurance-linked securities practice, led by newly promoted partner Robert Cannon, handles numerous catastrophe bond deals. The firm is a leader in European peer-to-peer (P2P) securitisations, and also acts in transactions involving direct lending, SME loans and alternative finance.  Key partner Jeremiah Wagner left to join Latham & Watkins but the firm has a deep bench of talent in the structured finance space. Stephen Day is a leading light in asset-backed securitisations. Up-and-coming partner Suzanne Bell is a core member of the ABS team and advises on a broad range of structured finance and securitisation transactions.

Practice head(s):

Suzanne Bell; Robert Cannon; Stephen Day; Claire Puddicombe; David Quirolo; Nick Shiren; Daniel Tobias

Other key lawyers:

Sabah Nawaz; Alex Collins; Jake Lindsay

Testimonials

“Stephen Day and Suzanne Bell are among the best partners in the industry.’

“It is top in the CLO field. Given their extensive experience, they are able to deal with a variety of situations and have a deep bench of lawyers to ensure continuity of service.”

“David Quirolo is very knowledgeable – one of the top lawyers in the EUR CLO space – and has seen many different transactions. He has advised from a CLO manager perspective and arranger perspective and so can see multiple sides of an argument.”

“Working with Alex Collins is a pleasure. He is quick to respond and easily contactable. He is approachable and client-friendly, and able to calmly work under pressure to adhere to difficult deadlines. His responsive communication and regular updates ensure that miscommunications are rare and therefore deals proceed smoothly.”

‘Daniel Tobias is very thoughtful and thinks through issues deeply.’

“The team is one the most experienced in the European market, with in-depth knowledge of the full panoply of asset classes. They are very commercially-minded, and support efficient negotiation of legal documentation.”

” Outstanding value for money and consistently go above and beyond for their clients.”

Key clients

Swisscard AECS

AMAG

Deutsche Bank AG

Funding Circle

Insight Investment

Derivatives (including commodities) Tier 4

Cadwalader, Wickersham & Taft LLP's capital markets (securitization and asset-based finance) group focuses predominantly on securitisation and structured products, but it is also home to significant specialist expertise in derivatives. Nick Shiren focuses primarily on derivatives, CLOs and other loan funding structures. He is qualified in the UK, the US and in Australia, and his work includes in-depth advice on changing regulation in both Europe and the US. Though mainly focused on CLOs, David Quirolo is recognised as a leading adviser on regulatory developments across Europe, and he frequently represents the Loan Markets Association (LMA).

Practice head(s):

Suzanne Bell; Robert Cannon; Stephen Day; Claire Puddicombe; David Quirolo; Nick Shiren; Daniel Tobias

Key clients

Swisscard AECS

AMAG

Deutsche Bank AG

Funding Circle

Insight Investment

Corporate tax Tier 6

Cadwalader, Wickersham & Taft LLP is most noted for its cross-border structured finance practice.  The London  tax group regularly advises domestic and multinational companies and financial institutions on the tax aspects of transactions and deal structuring. Adam Blakemore leads the practice and has particular experience assisting clients with restructurings in solvent and distressed debt situations and  corporate reorganisations.

Practice head(s):

Adam Blakemore

Other key lawyers:

Catherine Richardson; Hugo Chan

Key clients

Seadrill Limited

Smurfit Kappa Group

Corporate restructuring & insolvency Tier 7

Despite being hugely impacted by an exodus of partners at the beginning of 2018 to Milbank (including rainmaker Yushan Ng), Cadwalader, Wickersham & Taft LLP still has several US-qualified practitioners based in London, including  'impressive' team head Gregory Petrick and thereby has the capacity to handle restructuring work – particularly for bondholders – on cross-border situations. It can also effectively leverage practitioners from its acclaimed New York office.

Practice head(s):

Gregory Petrick

Other key lawyers:

Richard Nevins

Key clients

MBIA

Hemen Holdings

Norske Skog

The firm: Cadwalader, Wickersham & Taft LLP, established in 1792, serves a diverse client base, including many of the world’s leading financial institutions, funds and corporations. The firm has earned a reputation for crafting innovative business and financial solutions, and developing precedent-setting legal strategies to achieve clients’ goals.

Types of work undertaken:

Capital markets: leading global advisor and innovator in structured finance, securitisation and derivatives, including auto and credit card securitisation, collateralised loan obligations, marketplace lending and fintech, insurance-linked securities, mortgage-backed securities, receivables finance and warehouse lending.

Corporate: specialises in acting for private equity and distressed financial sponsors on all aspects of their investments, including cross-border M&A, stressed and distressed investments, loan-to-own transactions, restructurings, high yield and general corporate matters.

International arbitration: represents clients in UK and cross-border international arbitration, including arbitrations under ICC, LCIA, SIAC, UNCITRAL and ad hoc rules, primarily focusing on the financial services, technology, telecoms and energy sectors.

International dispute resolution: offering advice and services to clients, including international corporations, financial institutions, investment firms and individuals appearing before foreign and domestic arbitration tribunals, with a distinct focus on high-value, complex commercial and financial disputes.

Financial restructuring: represents debtors, secured and unsecured lenders, bondholders, creditors’ committees, borrowers, asset purchasers and other distressed entities. Broad capabilities in transactions, litigation and structuring deals to preserve and enhance value.

Financial services: broad experience in financial law-related statutory and regulatory requirements, including those governing broker-dealers, securities and future exchanges, banks, investment advisors and funds. Counsels clients on issues affecting ERISA, executive compensation and benefits.

Fund finance: market-leading practitioners regularly representing the agents, lead arrangers and lenders on different investment facilities, such as subscription credit and capital call, NAV-based, hybrid, open-end fund, HNW, aftercare and umbrella, to real estate, private equity and other investment funds.

Global litigation: commercial, complex financial products, insurance, international and securities practice handles disputes for financial institutions, corporations, and their officers and directors in state and federal courts throughout the US and in the UK, as well as in proceedings before administrative and regulatory agencies and international tribunals.

Real estate: advises many of the world’s largest investment banks, commercial banks, insurance companies, and mortgage banks, as well as pension funds, separate accounts and savings and loan associations, in their varied roles as issuers, sponsors, underwriters, investors and lenders to buyers and sellers of real estate assets and companies. Applies its expertise to the complete spectrum of real estate transactions, including financings, acquisitions, sales and exchanges, development, construction, joint ventures, loan syndications and participations, management, and leasing.

Tax: pioneers innovative tax structures that drive complex deals, advising on the taxation aspects of structuring domestic and cross-border corporate and financing transactions, including securitisations, hybrid capital issuances, repackagings, credit-linked instruments, stock lending arrangements and a variety of financial products.

Department Name Email Telephone
Managing Partner Patrick T Quinn pat.quinn@cwt.com +1 212 504 6067
London Managing Partner, Financial Restructuring Gregory M Petrick gregory.petrick@cwt.com +44 (0) 20 7170 8688
Capital Markets Suzanne Bell suzanne.bell@cwt.com +44 (0) 20 7170 8549
Capital Markets Robert Cannon robert.cannon@cwt.com +44 (0) 20 7170 8735
Capital Markets Stephen Day stephen.day@cwt.com +44 (0) 20 7170 8535
Capital Markets Claire Puddicombe claire.puddicombe@cwt.com +44 (0) 20 7170 8533
Capital Markets David Quirolo david.quirolo@cwt.com +44 (0) 20 7170 8635
Capital Markets Nick Shiren nick.shiren@cwt.com +44 (0) 20 7170 8778
Capital Markets Daniel Tobias daniel.tobias@cwt.com +44 (0) 20 7170 8630
Corporate Joanna Valentine joanna.valentine@cwt.com +44 (0) 20 7170 8640
Financial Services Michael Sholem michael.sholem@cwt.com +44 (0) 20 7170 8545
Fund Finance Jeremy Cross jeremy.cross@cwt.com +44 (0) 20 7170 8530
Fund Finance Samantha Hutchinson samantha.hutchinson@cwt.com +44 (0) 20 7170 8580
International Arbitration and Dispute Resolution Melis Acuner melis.acuner@cwt.com +44 (0) 20 7170 8575
Tax Adam Blakemore adam.blakemore@cwt.com +44 (0) 20 7170 8697
Photo Name Position Profile
 Melis Acuner  photo Melis Acuner
Mr Mark Beardsworth photo Mr Mark Beardsworth
 Suzanne Bell  photo Suzanne Bell
 Adam Blakemore  photo Adam Blakemore
 Robert Cannon  photo Robert Cannon
 Jeremy Cross  photo Jeremy Cross
 Assia Damianova  photo Assia Damianova
 Stephen Day  photo Stephen Day
Mr Michael  Gwydir  photo Mr Michael  Gwydir
 Duncan Hubbard  photo Duncan Hubbard
 Samantha Hutchinson  photo Samantha Hutchinson
 Sabah Nawaz  photo Sabah Nawaz
 Richard Nevins  photo Richard Nevins
Mr Michael Newell  photo Mr Michael Newell
 Nathan Parker  photo Nathan Parker
 Gregory Petrick  photo Gregory Petrick
 Claire Puddicombe  photo Claire Puddicombe
 David Quirolo  photo David Quirolo
Ms Catherine  Richardson  photo Ms Catherine  Richardson
Mr Kevin Roberts  photo Mr Kevin Roberts
 Nick Shiren  photo Nick Shiren
 Michael Sholem  photo Michael Sholem
 Daniel Tobias  photo Daniel Tobias
 Joanna Valentine  photo Joanna Valentine
 Simon Walsh  photo Simon Walsh
Number of partners : 102
Number of other fee-earners : 315