Firm Profile > Milbank > London, England

Milbank
10 GRESHAM STREET
LONDON
EC2V 7JD
England

Emerging markets Tier 1

Milbank's emerging markets practice is 'always ahead of the problems and can bring creative solutions through its extensive experience in similar cases'. The London office has a long track record of involvement in emerging markets and it has an impressive deal roster in key markets in Africa, Latin America, the Middle East and Asia. Its work focuses predominantly on high-value projects in the oil and gas, LNG, power, mining and infrastructure sectors, and often includes market-first deals in new jurisdictions or rapidly growing industry sectors. The lead partners are Matthew Hagopian, who focuses on the LNG, oil and gas, and power sectors; John Dewar, who advises sponsors, project companies, ECAs, development banks and DFIs on complex cross-border matters; infrastructure partner and co-head of the mining practice Manzer Ijaz; and the 'credible, honest and trustworthy' Clive Ransome, who handles project, energy and infrastructure finance. Up-and-coming partners Şeyda Duman and Chris Taufatofua also play key roles in the firm's project finance work.

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Testimonials

‘They have outstanding communication and collaboration skills. It feels like you are part of the same in-house team and have been working together for years. They are always ahead of the problems and they can bring creative solutions through utilising their extensive experience in similar cases of the past.’

‘Clive Ransome is exceptional in the way that the questions and problems in your mind turn out to be advantages in his mind. He is always calm, which makes you feel that he will not make any short-sighted, inaccurate decisions.’

‘Seyda Duman and Christopher Taufatofua are worth mentioning with their skills of collaboration and their knowledge of the specific markets.’

‘A humble, credible, to the point and friendly team.’

‘Clive Ransome is a credible, honest and trustworthy partner. He made us comfortable in the deal.’

‘I am very impressed with their knowledge, dedication, hard work and problem-solving skills in high-complexity issues and with their solution-oriented approach to working together with us to close transactions successfully. In addition to such skills, they are very friendly, always available and helpful to discuss any issue. It is always a pleasure to work with Milbank.’

‘It is a privilege to work with Clive Ransome and his experienced and valuable team.’

‘The team offers a significantly high level of service in terms of response time, business acumen, industry knowledge, appropriateness of advice, strength-in-depth of team and value for money. A few of their qualities are correct judgement, analytical skills, creativity, perseverance, commitment and a business-oriented approach.’

Key clients

BlackRock

KKR

European Bank for Reconstruction and Development

U.S. Development Finance Corporation

International Finance Corporation

Gas Natural Açu

Export-Import Bank of Korea

Repsol, S.A.

Total S.A.

Rio Energia

Pacific Traverse

EIG

Japan Bank for International Cooperation

Nippon Export and Investment Insurance

BPIFrance

KfW IPEX-Bank GmbH

Nyrstar

BNP Paribas

Standard Chartered Bank

Export-Import Bank (US)

Export Finance Australia

African Development Bank

ABSA

EIB

EDC

Korea Trade Insurance Corporation (K-SURE)

Akbank T.A.S.

CHEXIM

Nebras Power

UK Export Finance

K-EXIM

Euler Hermes

High yield Tier 1

Milbank continues to grow its practice, having brought over a team from Shearman & Sterling LLP in 2018 and recruited more high-yield specialists in 2019. Focused on complex and high-value bond issuance, the firm is a leading adviser to first-time issuers, having handled ten debut deals in the second half of 2019. Its recent work has involved a wide range of jurisdictions, including Spain, UK, Germany, Italy, Ireland, Norway, the Middle East and Greece, and has seen issuance by companies in industries as diverse as TMT, education, manufacturing, infrastructure, defence and real estate. It handled the first large transaction for a Middle Eastern issuer tapping the US market, the largest cross-border deal in Europe in 2019, and the first US dollar-denominated financing of a leveraged buyout for an Italian company. The 'incredibly energetic, tactical and multi-talented’ Apostolos Gkoutzinis leads the practice, in which Rebecca Marques and Tim Peterson also play active roles. Special counsels Randy Nahlé, Trevor Truman, Joji Ozawa and  Ana Grbec are also recommended. Clients remark on the firm's 'commercial and thoughtful approach’.

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Testimonials

‘The firm takes a commercial and thoughtful approach.’

‘Joji Ozawa is thoughtful, knowledgeable, diligent and always available.’

‘Apostolos Gkoutzinis is incredibly energetic, tactical and multi-talented. He thinks holistically and across disciplines.’

‘I think that the team is unique because of the strength of Apostolos Gkoutzinis leading it. He is a very strong personality and is a hardworking partner.’

‘I hold Apostolos Gkoutzinis and his team in very high regard as they are very serious lawyers but ones who understand, irrespective of which side of the table the firms are sitting at that time, that we have a common goal to achieve on behalf of the relevant clients and we work hard together in a fair and responsible way to achieve that common goal, while still serving our clients’ interests.’

‘It has a highly knowledgeable and experienced team providing very pragmatic advice, and it has the ability to make the complex simple and guide a company through complex problems and make effective decisions.’

‘The biggest strength of the Milbank high-yield practice, as fas as I am concerned, is its senior partner Apostolos Gkoutzinis. There is no team that compares with his support and partnership on the street.’

‘Specifically, I would point to the market knowledge of Apostolos Gkoutzinis and the quality of his legal advice and service, his speed of response and top execution. His access to corporate and FIG clients is unprecedented and commands the respects of bankers and issuers alike.’

‘The team has great depth and understanding of the current market. They are excellent at explaining the issues, very quick to respond and provide advice, and they set deadlines and stick to them and are just as helpful off-deal as when we’re working with them.’

‘Rebecca Marques and Ana Garbec are part of a fantastic team. They cover a broad spectrum of deals and provide excellent advice. They’re quick, practical and commercial which is extremely helpful and don’t waste time with points that are not worth arguing. They have a good understanding of the market and recent positions as well as sponsor positions, so their advice is just as commercial as it is legal. They also provide training and keep in touch when we’re not working on deals.’

‘The team has in-depth knowledge and engagement, and it is able to accommodate all issues that came up.’

‘Apostolos Gkoutzinis is excellent to work with, with high-level expertise. He shows dedication to the project, always makes himself available and provides valuable insight.’

Key clients

Goldman Sachs International

J.P. Morgan Securities plc

BNP Paribas

Citigroup Global Markets Limited

Crédit Agricole Corporate and Investment Bank

Eir

Wind Hellas

Salt

SAZKA Group

Ellaktor, S.A.

Jaguar Land Rover

Unifrutti Group

Mytilineos S.A.

Petroleum Geo-Services

Oil and gas Tier 1

Milbank is well placed to advise on country-first transformative projects, such as the $4bn financing of the SNE deep water oil field located within the Senegalese portion of the Mauritania- Senegal-Guinea Bissau Basin. Other core areas of expertise include LNG-to-power projects, M&A transactions, restructurings and financings. Leading the 'exceptionally talented' team are Manzer Ijaz and Matthew Hagopian, both with a strong profile in the oil and gas and LNG spheres. John Dewar has a wealth of experience acting for financial institutions on the financing of cross-border projects in the Middle East. Clive Ransome and associate Kilian de Cintré are also highly recommended, as is associate Munib Hussain in the petrochemical and Islamic finance sector.

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Testimonials

‘Small numbers with exceptional talent and perfect team collaboration.’

Key clients

BlackRock

KKR

European Bank for Reconstruction and Development

International Finance Corporation

Gas Natural Açu

Export-Import Bank of Korea

Repsol, S.A.

Total S.A.

Rio Energia

Pacific Traverse

EIG

Japan Bank for International Cooperation

Nippon Export and Investment Insurance

BPIFrance

UK Export Finance

GIEK

Eksportkreditt Norge

Export Finance Australia

US Exim

Societe Generale

Standard Chartered

CESCE

SACE

Euler Hermes

K-SURE

Transport finance and leasing Tier 1

Providing 'unparalleled in-depth industry knowledge', Milbank's two-partner team is able to 'complete complex assignments efficiently and on short notice'. This is especially in the aviation sector. It also leverages the firm's broader capital markets/finance and restructuring competences across both the London and New York offices. The firm excels in advising on highly structured mandates for funds, investment banks and lessors and provides added value by virtue of its ability to structure mandates utilising UK and US-law governed financial products. Nick Swinburne  embodies the firm's willingness to provide 'creative and thoughtful' structuring for clients and he regularly provides bespoke advice on first-of-kind transactions, including his recent work alongside the firm's New York office on the structuring of a groundbreaking Japanese operating lease transaction. James Cameron is praised for his 'quick and excellent grasp of commercial issues', enabling him to excel at handling the core flow of aviation mandates, as well as a significant volume of shipping-related matters, particularly as they relate to complex global restructurings/refinancings. 'Technically excellent' special counsel Richard Walton mirrors the firm's aptitude at handling complex structured finance-related aviation mandates; he has broad-ranging expertise including advice to stakeholders in the growing non-US EETC market. Associate Jon Cripps is also recommended.

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Testimonials

‘We recommend in our transactions that Milbank are the Lenders counsel of choice. (We, as Borrower, get to recommend counsel as we pay the Lenders fees.)’

‘We recommend Milbank because the team are technically excellent and yet work well, in a constructive and collaborative manner, with Borrower counsel.’

‘Milbank continues to impress with its heavyweight transportation finance practice. The combination of decades of experience and practical commercial legal advice based on first-rate technical knowledge is hard to beat.’

‘As a firm we have worked with Jim Cameron and Nick Swinburne. There is no better combination of expertise and all round competence in the London market in the transport sector.’

‘In our work with Milbank, we have experienced exceptional service and advice across the board and can only recommend the team highly.’

‘Unparalleled in-depth industry knowledge and team dedication. Able to complete complex assignments efficiently and on short notice. Broad legal expertise relevant to the industry.’

‘Jim Cameron stands out – great industry knowledge, quick pragmatic commercial advice and always accessible. Quick and excellent grasp of commercial issues which enables him to give targeted on the point advice.’

Key clients

M&G Investments

NCB Capital

JP Lease Products and Services

Stratos Aircraft Management

Avolon Holdings Limited

Société Générale

Crédit Agricole Corporate and Investment Bank

Aircraft Finance Insurance Consortium (AFIC)

Citibank

Investec

Orix

Acquisition finance Tier 2

Traditionally very strong on the leveraged loan side out of London, Milbank's profile in the market and its ability to effectively serve its impressive roster of banking clients on large, cross-border, sponsor-driven acquisition finance deals has been strengthened over the last few years through strategic hires including the 2018 arrival of high yield expert Apostolos Gkoutzinis from Shearman & Sterling LLP. Led by the 'thoughtful and commercialSuhrud Mehta, the team is 'in and around many of the largest deals in the market on the lender side', and is appreciated by clients for its ability to structure deals using highly bespoke and sometimes first-in-market terms. This was recently exemplified by Mehta's representation of the banks providing debt financing to CVC Capital Partners to facilitate its acquisition of a minority stake in GEMS Education, which marked the first time a Middle Eastern issuer has tapped the US Term Loan B market for a large-scale transaction. Alexandra Grant continues to prove her worth to the team and has recently been particularly active for lenders on complex bridge-to-bond transactions.

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Testimonials

Partners and associates alike are generally excellent.

The team is in and around many of the largest deals in the market on the lender side.

Suhrud Mehta is excellent, thoughtful and commercial.

 

Key clients

Bank of America

Barclays

UBS

Goldman Sachs

BNP Paribas

Citigroup

Crédit Agricole

SAZKA Group

PSP

Oaktree

Salt

Porterbrook

Eircom

Corporate restructuring & insolvency Tier 2

Milbank's 'responsive and commercial' five-partner team excels at representing bondholders as creditors in large cross-border distressed scenarios, where it has the flexibility to implement both European and US processes to best serve the client's needs. The 'superbYushan Ng has been pivotal to the firm's increased visibility in the market and has effectively been able to leverage his deep funds ties to ensure that the firm regularly has a seat at the table for bondholder committees on high-profile mandates, including Thomas Cook and Nyrstar. The 'very experiencedNick Angel co-heads the team alongside Ng and has more of a debtor focus to his practice. Peter Newman joined Skadden, Arps, Slate, Meagher & Flom (UK) LLP in February 2020.  

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Testimonials

Stand out skills the team possess, include issue spotting, problem solving and big picture thinking.

Yushan Ng is superb.

Nick Angel is very experienced.

Sinjini Saha and Karen McMaster are responsive and provide clear and concise advice, that effectively balances  legal risk with commercial objectives.

 

Key clients

Ad hoc committee of Nyrstar bondholders

Ad Hoc Committee of Thomas Cook Bondholders

Subordinated bondholder committee of Galapagos Heat Exchange Group

Committee of senior old money lenders of Abengoa SA

Committee of bondholders of Youngs Seafood

Committee of lenders to Britax Group

Committee of lenders to Hemisphere Group

Ad hoc group of bondholders to Officine Maccaferri

Islamic finance Tier 2

Milbank is noted for its excellent record in highly complex and groundbreaking transactions. John Dewar, who leads the London team, is well-known as a leading global project finance lawyer; his experience spans the oil and gas, natural resources, power and infrastructure sectors, among various others. Another key figure in the global projects, energy and infrastructure group is senior associate Munib Hussain. Elsewhere, the team's recent work has involved  various sectors including the aviation and education industries. In a recent matter, Apostolos GkoutzinisSuhrud Mehta, Dewar and Hussain advised the financing sources on the financing of CVC Capital Partners’ acquisition of a 30% stake in GEMS Education.

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Key clients

NCB Capital

Al Rajhi Bank

Alinma Bank

Riyad Bank

HSBC Saudi Arabia

MUFG (Malaysia)

National Bank of Kuwait

UKEF

IT and telecoms Tier 2

The ‘top-notch, super experienced and pragmatic’ department at Milbank focuses on technology projects, renegotiations and cross-border telecoms sector deals. The practice can also draw on the firm's wider transactional and litigation experience. The team is led by Joel Harrison , who combines legal, regulatory and IT expertise; Julian Stait has particular strength in IT disputes; and Tom Canning specialises in IT litigation and arbitration proceedings.

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Testimonials

‘Joel Harrison is our Rolls-Royce, the go to person for every complex data protection matter always providing sensible advice.’

Key clients

Astellas

Credit Suisse

Direct Line Group

Maxis

SNOMED International

TCS

WPP

Eircom

Mining and minerals Tier 2

Milbank is particularly known for advising lenders in the mining sector and handles significant development and financing structures; the practice is also growing its involvement in corporate and private equity work and its presence in Latin American markets. Restructuring mandates are also a key area of strength for the practice as displayed through the team’s involvement in the restructuring of Nyrstar. Manzer Ijaz co-heads the project, energy, infrastructure finance group alongside John Dewar, who is a highly regarded project finance lawyer with particular expertise in multi-sourced financings.

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Key clients

KfW IPEX-Bank GmbH

Nyrstar

EBRD

IFC

BNP Paribas

Standard Chartered Bank

Export-Import Bank (US)

Export Finance Australia

JBIC

K-EXIM

African Development Bank

ABSA

EIB

EDC

Credit Agricole

ING

Power (including electricity, nuclear and renewables) Tier 2

Milbank leverages its substantial geographic footprint and has a well-balanced offering advising lenders and (increasingly) sponsors on transformational energy projects in emerging markets. Recent mandates include advising the sponsors on the construction and project financing of four different LNG-to-power projects in Brazil, as well as similar projects in Chile and Africa. Singled out for his reputation in market-first projects in the Middle East, John Dewar's practice is focused on multi-sourced financings, regularly acting for multilateral and export credit agencies and development finance institutions. Clive Ransome and special counsel Chris Taufatofua are other key figures.

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Key clients

European Bank for Reconstruction and Development

US Development Finance Corporation

International Finance Corporation

Gas Natural Açu

Export-Import Bank of Korea

Total S.A.

Rio Energia

Pacific Traverse

EIG

Japan Bank for International Cooperation

Nippon Export and Investment Insurance

Damica

PFA

Societe Generale

SMBC

Mizuho Bank

MUFG

BNPP

ING

Norinchukin Bank

Santander

First Abu Dhabi Bank

Standard Chartered

Natixis

Bank of Muscat

ABC

Banking litigation: investment and retail Tier 3

The litigation team at Milbank acts for banking and financial service institutions in high profile disputes. It benefits from strong transatlantic capabilities and frequently leverages cross-office teams seamlessly working across New York and London. Practice head Julian Stait has particular expertise in banking disputes with a competition element and 'runs a top-class team with authority and a light touch'. Tom Canning specialises in international disputes, while Mona Vaswani (who recently joined from Allen & Overy LLP ) and Charles Evans both have a breadth of banking and contentious regulatory experience. Other names to note include recently promoted partner William Charles and special counsel Emma Hogwood who 'is always on top of the detail'.

Practice head(s):

Testimonials

‘Julian Stait runs a top class team with authority and a light touch’

‘Emma Hogwood is a name to watch – she is always on top of the detail and clients and opponents listen to her’

Key clients

Rabobank

Visa Inc.

Visa International Service Association,

Visa Europe Limited,

Visa Europe Services LLC

Visa UK Limited

Derivatives and structured products Tier 3

Milbank has a full-service derivatives practice that operates alongside a highly regarded CLO practice. CLOs accounts for almost half of the London-based structured finance practice's work. The practice continues to attract CLO managers as new clients, among them Invesco European RR and Capital Four. Another key focus in London is bespoke funding and regulatory capital transactions, which frequently involves synthetic securitisations using derivatives technology. In 2019, the firm was also involved in innovative deals not only in the CLO space, but also in its derivatives work. This included first-of-kind shari'ah-compliant hedging arrangements for the acquisition of an aircraft portfolio. Practice head James Warbey is a well-established practitioner in the European CLO market, in which John Goldfinch is also a key player. Senior associate Jennifer Ellis is recommended for derivatives and structured credit matters.

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Key clients

Invesco European RR L.P.

Capital Four CLO Management K/S

BNP Paribas

Cairn Loan Investments II LLP

BlueMountain Fuji Management, LLC

KKR Credit Advisors (Ireland) Unlimited Company

PGIM Limited

Bain Capital Credit U.S. CLO Manager, LLC

Rockford Tower Capital Management, L.L.C.

Commerzbank AG, London Branch

AXA Investment Managers, Inc.

Investcorp Credit Management EU Limited

Bardin Hill Loan Advisors (UK) LLP

Brigade Capital Europe Management LLP

Piraeus Bank S.A.

NCB Capital

Dara Aviation Finance Limited

Infrastructure (PFI and PPP) Tier 3

Milbank handles the development, construction and financing of infrastructure projects such as toll roads, bridges, airports, and universities. Matthew Hagopian heads the London project, energy and infrastructure finance group. Within project finance, John Dewar and Clive Ransome are key individuals. Manzer Ijaz acts for key stakeholders on various energy and infrastructure projects.

Securitisation Tier 3

Leading players in the CLO market such as PGIM and KKR rely on Milbank to handle their most significant deals. 'The team deftly handles negotiations across jurisdictions', remarks one client of the practice, which continued to expand its roster of CLO manager clients in 2019 with the addition of Invesco European RR and Capital Four. James Warbey leads the practice and he is one of the most well-established practitioners in the European CLO market, having played a lead role in the first CLO 2.0 transaction after the financial crisis and having since handled numerous market-leading and first-of-a-kind transactions. For instance, he recently acted for a Greek bank in the establishment of a retained securitisation of €27.3bn of non-performing debt. John Goldfinch 'runs a spectacular practice and works tirelessly for his clients'.

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Testimonials

‘I was delighted with the service provided by the Milbank securitisation team. They have a number of experts in both the London and Frankfurt offices with a great breadth of experience. The team deftly handles negotiations across jurisdictions and with opposing counsel of various experience levels. Their office location within central London also proves incredibly easy to visit should such a need arise.’

‘The London office has a spectacular practice run by John Goldfinch. I can attest that he works tirelessly for his clients and offers outstanding advice. There were multiple occasions where he helped steer conversations and ensured an otherwise tumultuous deal stayed on track.’

Key clients

Invesco European RR L.P.

Capital Four CLO Management K/S

BNP Paribas

Cairn Loan Investments II LLP

BlueMountain Fuji Management, LLC

KKR Credit Advisors (Ireland) Unlimited Company

PGIM Limited

Bain Capital Credit U.S. CLO Manager, LLC

Rockford Tower Capital Management, L.L.C.

Commerzbank AG, London Branch

AXA Investment Managers, Inc.

Investcorp Credit Management EU Limited

Bardin Hill Loan Advisors (UK) LLP

Brigade Capital Europe Management LLP

Piraeus Bank S.A.

Commercial litigation: premium Tier 5

Milbank's litigation team's 'ability to coordinate and give you the confidence that they are on top of everything makes them stand out'. The group has experience in complex  cross-border disputes and benefits from the ability to leverage its strong US network. It counts technology and financial services among its sector specialisms, with practice head Julian Stait and Tom Canning having expertise spanning both areas. The finance litigation practice has been bolstered by the addition of Mona Vaswani from Allen & Overy LLP (who also has particular fraud and asset tracing expertise) and the promotion of William Charles to the partnership. Stait and special counsel Emma Hogwood also handle competition law disputes.

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Key clients

Visa

Rabobank

Brugg Kabel AG and Kabelwerke Brugg AG Holding

Direct Line Group

Financial services: contentious Tier 5

Acting for individuals and institutions, Milbank provides transatlantic contentious regulatory expertise, particularly in relation to FCA investigations. The ‘technically strong, very practical and strategic’ team is led by Julian Stait, who specialises in the resolution of business and regulatory disputes. Also notable are Charles Evans, who has experience in investigations and regulatory enforcement proceedings; and William Charles, who was promoted to partner in 2020.

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Testimonials

‘Fantastic reputation for handling adeptly the most complex and sensitive financial services investigations and disputes’

‘Charles Evans is deservingly considered one of the leading contentious financial services lawyers in the market. He has tremendous knowledge of the way regulators think, will fight his client’s corner hard when needed but is practical and a delight to deal with’

‘Julian Stait, Charles Evans and Will Charles are all outstanding’

‘A Rolls Royce service, intimate knowledge of the organisation and impressive availability’

International arbitration Tier 6

Milbank is instructed in highly complex, high-value arbitration proceedings by major corporations, financial institutions, and state and federal governments. The team, which has 'outstanding collaboration and communication skills', frequently handles its own advocacy and has particular strength in the energy, infrastructure and construction sectors. Julian Stait heads up the litigation and arbitration group in London, and Tom Canning leads the London international arbitration team. Peter Edworthy is an experienced senior associate.

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Testimonials

‘Incredibly dedicated to the client and to the work, and willing to move mountains to ensure that the case is run to its best advantage. Insofar as their skill set is concerned, they are masters of detail – their ability to get across a complicated file in a short space of time is second to none.’

‘Tom Canning (partner) – dedicated, available, practical and an excellent strategist. Also an extremely nice person who is easy to work with.’

‘They have outstanding collaboration and communication skills which makes us feel that we are part of the same in-house legal team working together for years. They can read your mind, they can guide you for ten steps ahead and they can provide case law from a very rich library of their own.’

M&A: upper mid-market and premium deals, £500m+ Tier 6

Milbank's London team has a reputation for advising on high end transactions in the energy sector. This practice received a boost with the hire of  Lisa O’Neill from McDermott Will & Emery UK LLP  in early 2020. O'Neill previously advised Praxair on the $5bn divestment of the majority of its European business to Taiyo Nippon Sanso Corporation. The firm also has a niche in Greek work and has advised several banks there on disposals and acquisitions.  Mark Stamp and Stuart Harray jointly lead the practice

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Testimonials

‘Very knowledgeable, good depth of practice and flexible enough to adapt to any situation, as well as being very helpful and friendly’

Key clients

BlackRock

KKR

Piraeus Bank

KKCG / Sazka Group

Goldman Sachs Merchant Banking

SOM Committee of Abengoa

National Bank of Greece

NE Renewables LLC

Niron Metals

Arcmont Asset Management

Yellow Cake Plc

ProsiebenSat.1

Njord Partners

Actis

Italgas

The firm: Milbank has been in London for over 40 years, assisting clients with their most complex, high-profile and ground-breaking cross-border transactional and contentious matters. Now the second largest office in Milbank’s global network, the London office has over 150 lawyers providing English and NY law advice on UK, pan-European, Asian, African and other global matters. The strength of its leading UK and US practices provides the firm with a unique ability to handle the most complex and demanding transatlantic mandates for its clients.

Types of work undertaken
Acquisition finance: The firm’s integrated English and NY law team is a leader in the market across loans, bonds, bridges and private debt. Clients include underwriters and financial sponsors, senior and mezzanine lenders, issuers and borrowers.

Capital markets: The London team focuses on servicing areas where the firm is particularly strong, including initial public offerings, high-yield bonds, leveraged acquisitions, emerging market offerings, project bonds, securitisations and other types of highly structured cross-border products. The firm is able to structure and document capital markets offerings under both English and New York law.

Corporate: The London team represents buyers and sellers, private equity investors, strategic partners and financial advisers in the full range of M&A and strategic corporate transactions using English law both in the UK and globally. The focus is on complex, high-end and usually cross-border transactions.

Litigation, arbitration and investigations: This market leading team specialises in the resolution of complex and high stakes disputes and investigations, particularly in the financial services, energy, and technology sectors.

Tax: The practice has expertise across the entire range of corporate, income and related taxation, covering the corporate, investment funds and financial services sectors. It focuses on international, cross-border mergers and acquisitions, financial restructurings. Structured finance and capital market products and product development and, generally, assists clients from these sectors in developing tax-optimal strategies for international consortia, joint ventures and funding structures.

Islamic finance: The firm’s Islamic finance practitioners have wide experience of structuring and documenting Shari’ah-compliant financings with particular expertise in acquisition financing, project financing, Sukuk/Islamic bonds and securitisation.

Project, energy and infrastructure finance: The London team has accomplished high-profile mandates in the power, oil and gas, metals and mining, water, telecoms and satellites, and transport infrastructure sectors, and is ranked among the leaders in the London market.

Restructuring: The London offering of this core practice for the firm focuses on the largest, most complex transactions in the market. The firm represents boards, companies, banks, funds, official and ad hoc committees of creditors, individual creditors, shareholders, and other participants in bankruptcies and out of court restructurings of companies in any industry in the US, Europe, the Middle East, Africa, Asia and around the world.

Securitisation and structured finance: The firm has a market leading practice acting for a range of institutional and fund manager clients.

Outsourcing, technology, data privacy: The firm is recognised as a global leader in technology, outsourcing and data privacy law. The firm advises on the largest and most complex outsourcing and technology projects and fund administration transactions. The firm advises on complex data privacy issues and is widely recognised as being the leading adviser to the satellite and communications industries.

Transportation and space: The firm specialises in all forms of asset related financing in the transportation, satellite, shipping and infrastructure areas, acting on the sector’s largest, most complicated, innovative and often award-winning transactions. The team’s work has a global reach and deals combine finance, export credit, tax structuring, restructuring, acquisitions, competition and capital markets expertise. The range of clients is broad, from investment banks, development institutions, airline leasing companies and manufacturers to specialist funds, carriers, and regulatory bodies, and the team works across the sector from private jets to the largest of container vessels.

Main work contacts
Acquisition finance: Suhrud Mehta, Alex Grant, Miko Bradford, Sarbajeet Nag
Capital markets/high yield: Apostolos Gkoutzinis, Tim Peterson,
Rebecca Marques
Restructuring: Nick Angel, Yushan Ng, Karen McMaster, Jacquie Ingram, Sinjini Saha
Litigation, arbitration and investigations: Julian Stait, Charles Evans,
Tom Canning, Mona Vaswani, William Charles
Corporate & M&A: Mark Stamp, Stuart Harray, Lisa O’Neill
Technology and outsourcing: Joel Harrison
Data protection: Joel Harrison
Project finance: Matthew Hagopian, John Dewar, Clive Ransome, Manzer Ijaz
Islamic finance: John Dewar
Structured finance: James Warbey, John Goldfinch
Tax: Russell Jacobs
Transportation and space: James Cameron, Nick Swinburne

International offices:  Frankfurt, Munich, New York, Los Angeles, Washington DC, Singapore, Hong Kong, Tokyo, Beijing, São Paulo, Seoul

The Lex 100 Verdict

'Exposure to interesting work thanks to a small trainee intake' was a major draw for those applying for a training contract at Milbank. The firm 'consistently shows commitment to the continued development of its lawyers, from trainee level upwards'. Milbank@Harvard, a programme whereby junior associates from the firm's offices worldwide attend a week-long course at Harvard University, was a particularly enticing prospect. Lex 100 Winner awards have been scored for the firm's vacation scheme and salary. Training is 'hands-on' and is 'tailored to the level of responsibility the trainee is happy to take on – the firm allows you to function as a "mini associate" if you want to'. That said, the learning curve can be steep and the expectations high, which can make for some stressful moments. 'Long hours and the uncertainty of knowing whether you will have to cancel plans' are things candidates should take into account, with trainees reporting 'a couple of months on the trot during which I didn't leave before midnight' and 'staying until 2.30am in my second week'. On the upside, 'you won't stay up late printing or photocopying here – if you're in late you will be doing proper work', such as 'helping to manage a transaction and bringing it to its close on the originally scheduled date'. The best thing about Milbank is that 'everybody knows each other' and, even better, although 'many of the firm's partners and senior associates are gurus in their respective fields, they are as approachable and sociable as the juniors'. Trainees also praised the events, especially 'the European retreat, Christmas and summer parties and trainee socials'. For 'prestigious work but in a friendly environment', research Milbank.