Morrison Foerster > London, England > Firm Profile
Morrison Foerster Offices

The Scalpel
52 Lime Street
EC3M 7AF
England
Morrison Foerster > The Legal 500 Rankings
TMT (technology, media and telecoms) > IT and telecoms Tier 2
The team at Morrison Foerster works alongside the firm's Berlin office to provide technology providers and customers with a strong UK and pan-European offering, especially regarding digital, regulatory and compliance work. The group also undertakes mandates involving cutting-edge projects with new and emerging technologies; for example, creating digital marketplaces. Technology-related corporate and finance deals are also within the group’s capabilities, as well as contentious mandates. Clean technology is a passionate of the firm, and it therefore assists clients with reducing their carbon footprint. Alistair Maughan is co-chair of the firm’s global technology transactions group and also heads up the European TMT Practice; he focuses on commercial contracts and technology projects, including outsourcing transactions, commercial licensing issues and delivery models. Associates Mercedes Samavi and Sana Ashcroft are also recommended.Practice head(s):
Other key lawyers:
Testimonials
‘Attentive, thorough and commercially minded.’
‘Their legal knowledge is exceptional and is always delivered in a commercial way which is practical to implement. Associates are incredibly responsive, personable and easy to deal with. They genuinely care about their client.’
‘In depth knowledge and experience of legal aspects of IT contracting and data protection. Excellent client relations and always available. Also great to brainstorm ideas.’
‘Mercedes Samavi is incredibly responsive and a dream to work with. Nothing is ever too much trouble, she will always go the extra mile to ensure the client’s needs are met, and her legal expertise is exceptional and her advice always delivered in a practical, realistic way for the client.’
‘Alistair Maughan and associate Sana Ashcroft are pragmatic, thorough, timely and thoughtful!’
‘Alistair Maughan is friendly, down to earth, and a great client relationship manager.’
Key clients
UPS
Novartis
SoftBank Group Corp.
Randstad
Infobip
Imerys
Loyalty Juggernaut
Smart Communications
Omya International
Cambridge Quantum Computing
Yoast
Axalta
Blackrock
Composite Capital
The Live Kindly Company
Candide
Yara
Work highlights
- Advised SoftBank Group Corp on all IP, IT and commercial contract issues relating to a series of major corporate and finance deals, including the $3.5bn sale of its majority stake in SoftBank Energy India to Adani Green Energy and the carve-out of Arm’s Internet of Things and Treasure Data businesses as required by the terms of the proposed $65bn sale of Arm to Nvidia.
- Advising Cambridge Quantum Computing on its combination with Honeywell Quantum Solutions to create an integrated quantum computing company.
- Assisting Infobip on its strategic acquisition of Anam Technologies and on its first outside capital raise.
Finance > Debt capital markets Tier 4
Morrison Foerster has a market-leading practice for US private placements, for which practice head Scott Ashton is 'one of the best lawyers on the street'. Ashton acted for Eastlight Community Homes Ltd in a £120m private placement funding deal with four North American investors. He also leads the firm's Nordic desk, which continues to generate DCM work. For example, Matthew Dunlap acted for a syndicate of 15 banks, among them BNP Paribas and Deutsche Bank, in the inaugural $2bn offering of senior notes by Lundin Energy Finance. Brian Bates, who is 'fantastic with clients and incredibly knowledgeable', also plays a pivotal role in the practice and acted for Bellway Homes Ltd in a £130m USPP.Practice head(s):
Scott Ashton
Other key lawyers:
Testimonials
‘I was once told by a market participant:”if Morrison Foerster is not busy, then the US private placement market is not busy!”. They by far have the largest market share of cross-border private placement issuers in Europe, and therefore see a significant part of the deal flow which gives them a very competitive edge in advising clients.’
‘Scott Ashton is one of the best lawyers on the street for US private placements. He always exceeds expectations. He is available when needed and extremely detail oriented. He will not hesitate to go the extra mile for clients and will ensure the legal work is delivered on time. Scott is also very technical and his expertise a greatly sought after by the market.
‘Brian Bates is fantastic with clients and has been instrumental in building out the Morrison Foerster Private placement practice. He is incredibly knowledgeable on the market, and is therefore able to provide the best advice to clients. Brian has decades of experience in the PP market and that is quite evident on every transaction I have worked on with him. He is also very reliable and will go over and beyond to meet the needs of issuers.’
‘Morrison Foerster have advised us on repeat US private placement issuances over many years. The team have deep knowledge of the market and we greatly appreciate their support.’
‘We appreciate the support we receive at all levels on the team and value the continuity within the team.’
Key clients
Breedon Group plc
TT Electronics plc
Corbion N.V.
Medios AG
Scottish Mortgage Investment Trust plc
Beach Point Capital Management
Bardin Hill Investment Partners
SoftBank Vision Fund
Eastlight Community Homes Ltd
City of London Investment Trust PLC
Bellway Homes Limited
Work highlights
- Led Breedon Group’s £250 million equivalent debut issuance in the private placement market, which allowed Breedon to move from a secured funding structure to an unsecured structure with diversified funding sources.
- Represented Scottish Mortgage in its highly successful £200 million and $400 million private placement financings.
- Represented the initial purchasers in connection with the inaugural US$2 billion senior notes offering by Lundin Energy Finance B.V.
Finance > Derivatives and structured products Tier 4
Morrison Foerster has ‘a very strong team of product specialists focused in the corporate equity derivatives business‘, and clients note that the firm is ‘helpful in deal structuring for new product innovation‘. The derivatives group is led by Vladimir Maly, who is qualified in both New York and English law, and is a key adviser on cross-border matters. Maly, who is ‘very commercial and understands the current themes of the market well‘, and corporate finance partner Jeremy Jennings-Mares, assist numerous international banks with matters derivatives matters relating to financial regulatory reform, including MiFID 2/MiFIR and Basel III. Polly Ehrman, who is ‘really easy to work with, command sgood technical knowledge and negotiates fluidly‘, handles strategic equity-linked transactions, structured transactions relating to emerging markets and matters concerning derivatives-related regulation.Practice head(s):
Vladimir Maly
Other key lawyers:
Testimonials
‘I think the MoFo team is at the forefront of innovation.’
‘Vlad Maly has been our lead partner at MoFo since the beginning. What I highly value in Vlad, is his commercial approach. What I mean by that is focusing on a feasible solution as opposed to a focus on the legal theory.’
‘The Derivatives and Structured Products practice at Morrison & Foerster provides first class legal advice and drafting in relation to large complex derivative transactions requiring an in-depth understanding of any aspect of the transaction, including hedging strategies and trading requirements.’
‘True partners to their clients committed to achieve the best outcomes. Outstanding work ethics, ability to deliver under time-pressure and excellent client management skills.’
‘Very strong team of product specialists focused in the corporate equity derivatives business. Available at short notice and helpful in deal structuring for new product innovation.’
‘Vlad Maly has excellent interpersonal skills and regularly maintains business dialogue with us, supporting the growth ambitions of the business. Vlad is very commercial and understands the current themes of the market well.’
‘We worked with MoFo on two very large deals this year involving cross-border issues. MoFo team was impressive at gathering valuable knowledge on the key points to manage and understand.’
‘Vlad Maly and Polly Ehrman are both really easy to work with, command good technical knowledge and negotiate fluidly on our transactions. They deliver to budget and at the level we require.’
Key clients
CIBC
ING
Santander
SoftBank Group
Work highlights
- Advise a number of investment banks on derivatives matters relating to financial regulatory reform, including MiFID 2/MiFIR and Basel III.
Risk advisory > Data protection, privacy and cybersecurity Tier 4
Morrison Foerster is particularly active in the financial services and tech segments and handles the full spectrum of data protection, privacy and cybersecurity work, with the team most recently advising on international data transfers, data breaches, data subject access requests, representative actions and corporate deals. The practice is led by Annabel Gillham, who ‘provides excellent and practical advice at a very short notice’ and is especially sought after to act on ICO investigations, enforcement actions and compliance issues. Working alongside Gillham is Gemma Anderson, who is recommended for contentious matters and cross-border disputes.Practice head(s):
Annabel Gillham
Other key lawyers:
Testimonials
‘Annabel Gillham always responds very promptly and provides excellent and practical advice at a very short notice. Gilham is always quick to recognise the bigger picture and provides advice that is clear and concise.’
‘Annabel Gillham has a great client manner.’
Key clients
Marriott Hotels International
Salesforce
SoftBank Group Corp
ON Semiconductor
Infobip
Visa
GLP
Work highlights
- Advise a global insurance company on all aspects of data privacy, and in particular on complex cross-border transfer issues in connection with its reinsurance deals with UK-based pension schemes.
- Assisted SoftBank Group with significant data protection matters in relation to the $65bn proposed sale of UK-headquartered multinational semiconductor and software design company Arm Limited to US chip company NVIDIA.
- Acted for Infobip Group on a global basis on privacy and data security matters, including the setting up of its UK privacy compliance programme.
Risk advisory > Regulatory investigations and corporate crime (advice to corporates) Tier 4
Morrison Foerster offers strong expertise across international financial crime and white-collar cases, advising and representing clients through high-stakes SFO and FCA investigations into bribery, corruption, and money laundering, among others. The firm is further noted for its national security and sanctions offering, advising corporate clients on regulatory and enforcement issues relating to trade sanctions, lobbying, FDI, and cyber incidents, with expertise across UK, EU, and US law. The team is led by Gareth Rees, an experienced practitioner in business crime cases and a former prosecutor, former SFO official Hayley Ichilcik, who is praised for her ‘adept handling‘ of bribery, money laundering, and international sanctions cases, and global financial crime specialist Saqib Alam, whose areas of focus include antitrust violations, bribery, and sanctions violations.Practice head(s):
Saqib Alam; Hayley Ichilcik; Gareth Rees KC
Testimonials
‘Hayley Ichilcik- She’s a very able lawyer whose commercial practice covers a wide range of areas, and she’s adept at each of them; she’s clever, tough, charming and a delight to work with. Clients love her, as does her legal team: she provides encouragement, reassurance and adept handling of the most difficult case. First-rate.’
‘Gareth Rees- With immense regulatory experience, he’s simply statesman-like; and quietly gains the respect of all around him. He has a calm, confident and reassuring manner that only comes through years of experience in fighting at the coal-face. You want him on your team; and you certainly don’t want him on the other side. He’s terrific.’
‘Hayley Ichilcik draws upon a broad range of experience to deliver an A1 service to her clients. Clever and considered advisor who sees the big picture and the important detail.
‘Gareth Rees KC draws upon his experience as an advocate to be able to provide top drawer legal representation to clients.’
Work highlights
Crime, fraud and licensing > Fraud: civil Tier 5
Morrison Foerster regularly acts for national and international clients, providing them with support in regulatory, investigatory, compliance and enforcement matters. The team is particularly well versed in UK, EU and US sanctions as well as in matters in relation to financial crime, corruption, bribery, and money-laundering. Paul Friedman combines antitrust, white collar and securities litigation expertise, while Gareth Rees KC puts an emphasis on business crime and regulatory mandates; he leads the practice with Saqib Alam and Hayley Ichilcik.Practice head(s):
Saqib Alam; Hayley Ichilcik; Gareth Rees KC
Other key lawyers:
Testimonials
‘Hayley Ichilcik is extremely bright and strategically astute. She is adept at advising in the contentious fraud area, whether civil, regulatory or criminal. A calm and confident presence even in the most hostile of environments.’
Finance > Acquisition finance Tier 5
Despite the recent retirement of Caroline Jury and Benoit Lavigne‘s move to King & Spalding LLP in June 2021, Morrison Foerster maintains a strong creditor-focused client base that includes credit funds and underwriting banks. The firm’s recent success in the area can largely be attributed to Chris Kandel , who since his high-profile move from Latham & Watkins in February 2019, has developed a strong London practice offering broad expertise across bank and New York-law governed high yield debt, as well as direct lending products, including unitranche facilities. Although it is sector agnostic in its financing activity, the wider firm’s tech heritage has led to engagement in the emergence of recurring revenue financing as means of funding high growth companies lacking the EBITDA to support a traditional leveraged loan. John Burge has a focus on growth company debt finance and heads up the firm’s growing recurring revenue offering.Practice head(s):
Christopher Kandel
Other key lawyers:
Matthew Dunlap; John Burge; Amber Pledge; Rebecca DeLong
Testimonials
‘Truly cross-border coverage with consistent quality across each of the jurisdictions is an impressive thing to boast as a firm.’
‘Chris Kandel has knowledge of both the market standard and the latest innovative solutions in the market.’
Key clients
Fortress Investment Group
Initial purchasers for Lundin Energy bond offering (Deutsche Bank, BNP Paribas, Wells Fargo, ING Bank, SEB)
Lenders to Entain PLC (A syndicate of 15 banks led by BNP Paribas, Deutsche Bank, ING, SEB, Wells Fargo)
Lead Arrangers to Entain PLC (Barclays, Deutsche Bank, Morgan Stanley)
Eurohold Bulgaria
Owl Rock Capital Corporation and Vista Capital Partners
Beach Point Capital Management and Bardin Hill Investment Partners
Crescent Capital
Ares Management Limited
Norgine
SoftBank Group Corp.
Blackrock
Ernst & Young
Nets
Tate & Lyle
Work highlights
- Advised Fortress on the £6.3bn debt financing of its offer to take private Morrisons Groceries.
- Advised Eurohold Bulgaria on the €360m senior secured and €110m holdco PIK financing for its acquisition of the Bulgarian power distribution/renewable energy business of Czech utility company ČEZ.
- Advised Owl Rock Capital Corporation and Vista Capital Partners on a $300m recurring revenue term loan financing for the acquisition of Message Systems Inc. by Messagebird B.V.
Finance > Bank lending: investment grade debt and syndicated loans Tier 5
Although Morrison Foerster has gained most prominence in recent years within the leveraged finance space, particularly following the arrival of Christopher Kandel from Latham & Watkins, it has also gained a not insignificant amount of broader corporate lending and syndicated financing work for banks, non-bank lenders and a growing number of corporate borrowers. In this context, the team’s nimble approach to financing and conversance with UK and US-governed debt products ensures that is ‘particularly strong in complex structuring and execution of transactions that may need to shift mid deal’.Practice head(s):
Christopher Kandel
Other key lawyers:
Matthew Dunlap; John Burge; Amber Pledge; Rebecca DeLong
Testimonials
‘The team is particularly strong in complex structuring and execution of transactions that may need to shift mid deal to accommodate their super demanding clientelle.’
‘They are responsive and go the extra mile.’
‘Chris Kandel is a standout.’
Key clients
Fortress Investment Group
Initial purchasers for Lundin Energy bond offering (Deutsche Bank, BNP Paribas, Wells Fargo, ING Bank, SEB)
Lenders to Entain PLC (A syndicate of 15 banks led by BNP Paribas, Deutsche Bank, ING, SEB, Wells Fargo)
Lead Arrangers to Entain PLC (Barclays, Deutsche Bank, Morgan Stanley)
Eurohold Bulgaria
Owl Rock Capital Corporation and Vista Capital Partners
Beach Point Capital Management and Bardin Hill Investment Partners
Crescent Capital
Ares Management Limited
Norgine
SoftBank Group Corp.
Blackrock
Ernst & Young
Nets
Tate & Lyle
Work highlights
- Advised a 15-bank syndicate as initial purchasers on the inaugural $2bn senior notes offering by Lundin Energy Finance B.V.
- Advised the underwriting banks on a $590m revolving credit facility to Entain Plc, and subsequent $1.125bn term loan B facilities.
- Advised Norgine B.V. on a £250m corporate revolving credit facility agreement.
Corporate and commercial > M&A: upper mid-market and premium deals, £500m+ Tier 6
Fielding a highly regarded bench of London partners who work closely with the firm’s international offices, Morrison Foerster‘s wide-ranging tech and venture capital expertise ensures that the team is sought out by numerous established corporates and deal sponsors. Singled out for his wealth of expertise, the ‘fantastic’ Andrew Boyd is particularly well-versed in tech, food, and financial sector matters, working with an assortment of household names on major strategic deals. Gary Brown draws similarly superlative praise, especially when it comes to cross-border tech M&A and private equity-driven investment transactions. The seasoned Dan Coppel focuses on tech, manufacturing, and energy mandates, while Simon Arlington notably handles biotech and pharmaceutical M&A, and Stuart Alford works with a global portfolio of tech entities. Amit Kataria left the firm in 2022.Practice head(s):
Andrew Boyd; Gary Brown; Dan Coppel; Stuart Alford; Simon Arlington
Testimonials
‘Understanding your client is a phrase that is bandied around the legal industry very loosely, but the Morrison Foerster team fundamentally live that ethos.’
‘An outstanding capability to put themselves in the shoes of the client: propose way forwards, solutions, are on track and remain always innovative in legal solutions. Perfect firm to work with.’
‘Gary Brown has all the qualities we look for in a partner. Amazing ability to stay on track on all topics and to be always available. Legal skills are beyond outstanding and relationship with client is the best we can imagine. Has set the perfect standard we’d love to find in all the external counsels we look for. Gary’s spirit and excellence can be seen in all its team members.’
‘Andrew Boyd is fantastic; pragmatic, tons of expertise, and a joy to work with.’
‘Great team, well organised for large multi-jurisdictional matters, and possess a seamless ability to involve the right partners as needed.’
‘Gary Brown displays exceptional matter leadership. Very much an in the detail senior partner. Even at this level responsiveness was incredible.
‘Simon Arlington is knowledgable and responsive.’
Key clients
SoftBank Group Corp.
Tate & Lyle PLC
Axalta Coating Systems
Genius Sports Group Limited
Yoast BV
Verisem BV / Paine Schwartz Partners
Cambridge Quantum (now part of Honeywell Group)
Infobip
Imerys SA
Omya International AG
LIVEKINDLY Collective
Ally Bridge Group
Verdane
Castlelake
Work highlights
- Advised SoftBank Group Corp. in the proposed $65bn sale of Arm Limited to NVIDIA, including the carve-out of Arm’s IoT and Treasure Data businesses from its licensing business.
- Advised Cambridge Quantum in its combination with Honeywell Quantum Solutions, to form quantum computing hardware and software provider Quantinuum.
- Advised Tate & Lyle in its acquisition of global Stevia producer Sweet Green Fields.
Corporate and commercial > Venture capital Tier 6
Morrison Foerster’s global emerging companies and venture capital team includes key strategic offices in the US and Asia, the London team draws upon a significant amount of private equity and growth equity experience for an investor-focused client base, particularly in the financial services, technology and bio tech sectors. Most of the work is at a later stage of the investment life cycle, including a considerable volume of work for core firmwide client Softbank Vision Fund. Former practice head Amit Kataria left the firm in 2022.Other key lawyers:
Key clients
BlackRock
Infobip Limited
SoftBank Vision Fund
Atonarp, Inc.
Whale Rock Capital Management
American Industrial Partners
Ally Bridge Group
Virgo Investment Group
Work highlights
- Advised SoftBank Vision Fund II in its investment in Dubai-headquartered Zeta Investments Holdings – one of the largest single investments in a banking-tech start-up.
- Advised SoftBank Vision Fund II in its investment in Paris-headquartered online marketplace for authenticated pre-owned luxury and fashion goods, Vestiaire Collective S.A.
- Represented Ally Bridge Group in the $600m Series D financing of CMR Surgical Limited.
Dispute resolution > Commercial litigation: premium Tier 6
Under the leadership of Jonathan Wheeler, Morrison Foerster‘s broad offering handles High Court and appellate proceedings relating to commercial and insolvency disputes, privacy and data security litigation, licensing issues, intellectual property rights, and competition and procurement claims. Technology and finance are sectors of particular expertise, as, increasingly, are media and retail. The team grew at associate level in February 2022, following the arrival of Anish Hazra from Slaughter and May.Practice head(s):
Jonathan Wheeler
Other key lawyers:
Gemma Anderson; Chiraag Shah; Shawna Pasquale; Richard Jerman; Anish Hazra; Chloe Kearns; Hayley Ichilcik; Laura Steen
Testimonials
‘Chloe Kearns is absolutely superb! She’s extremely clever; she’s an excellent lawyer, with a particularly deep knowledge of the financial services regulatory sphere; she’s immensely hard-working; she produces outstanding documents; and is utterly delightful to work with. She would be my first choice for a commercial associate on a tough case.
‘Hayley Ichilcik is a very able lawyer whose commercial practice covers a wide range of areas, and she’s adept at each of them; she’s clever, tough, charming and a delight to work with. Clients love her, as does her legal team: she provides encouragement, reassurance and adept handling of the most difficult cases. First-rate.’
‘MoFo have shown themselves, without exception, to be trustworthy, reliable, committed, and diligent with great attention to detail. They are an absolute pleasure to work with.’
‘Gemma Anderson – dedicated; clever; hard working; a pleasure to work with.’
‘MoFo is a relatively small but very effective team, the partners are very visible and easily accessible to clients, which doesn’t happen at every firm.’
‘The standout partner is Jonathan Wheeler, he’s extremely bright, a great team player and tenacious in pursuit of the client’s objectives.’
Key clients
Liquidators of Saad Investments Company Limited
Louwman Group
Work highlights
- Represented the liquidators of Saad Investments Company – a Cayman Islands company and the investment vehicle of Maan Al-Sanea – in proceedings in the English High Court against Samba Financial Group, seeking approximately $400m in damages.
- Defending one of the holding companies in the Louwman Group in an English High Court claim brought by MRL, which is seeking approximately £70m in damages over delayed repayment of a loan to finance MRL’s acquisition of the 71 classic car collection of the Violati Maranello Rosso Museum.
Dispute resolution > International arbitration Tier 6
Providing ‘a phenomenal level of service to its clients‘, Morrison Foerster stands out for its TMT sector expertise, as well as its Africa disputes credentials. ‘An exceptionally bright lawyer‘, Chiraag Shah acts for clients in institutional, ad hoc and treaty arbitrations around the world, and Gemma Anderson is a cross-border disputes specialist. The practice of recently promoted of counsel Richard Jerman covers arbitration proceedings, while the arbitration workload of associate Shawna Pasquale includes cross-border commercial contract and fraud disputes.
Practice head(s):
Chiraag Shah; Gemma Anderson
Other key lawyers:
Testimonials
‘Morrison & Foerster is an outstanding top-level firm operating in the international arbitration sector. It provides a phenomenal level of service to its clients.’
‘The team works with clients very assertively while maintaining a relaxed environment. The lawyers really knows how to keep the pressure down and focus on the points at issue.‘
‘Whether clients are working with a partner or associate, they know from the start that they know their brief, the procedure and the law. There is no messing around at all; and clients always know where they stand as far as fees are concerned.’
‘Real value for money. I find their responses to any query to be very prompt, and the lawyers are never late or delay the work. In short, from the outset clients know they are in good hands.’
‘Chiraag Shah is supremely hardworking, giving his all for his clients. He is also extremely experienced, and seems to have encountered every problem before – he is therefore a very safe pair of hands for any dispute, no matter how complicated.’
‘Chiraag Shah is an exceptionally bright lawyer – very efficient and highly professional, but at the same time very friendly.‘
‘‘Chiraag Shah’s combination of humility and excellence are very unique.’
‘Chiraag Shah – very focused and intelligent. Shows strong analytical skills and rapidly gains an understanding of clients’ industry sectors and their particular demands.‘
Employment > Employers Tier 7
Covering contentious, transactional and advisory work, Morrison Foerster has seen a growth in instructions in Covid-related employment advisory, outsourcing and in cases involving restraint of trade and protection of business interests. Managing partner Annabel Gillham specialises in cross-border issues, employee data protection and data crisis management and regulatory investigations.Practice head(s):
Annabel Gillham
Other key lawyers:
Oliver Spratt
Testimonials
‘Mofo is top for employment law globally.’
‘Extremely happy with the service and could not speak more highly.’
‘The advice is always spot-on, from the mundane to the most highly technical and sensitive cases.’
‘Strong alignment and consistency of individuals to clients which means there is deep understanding of the business and client needs as well as the specific legal implications.’
‘Individuals look to engage beyond the specific legal ask to ensure there is continuity and strong relationships.’
‘Always responded promptly, provided proper legal advice, assisted in settling matter with rapidity.’
Key clients
SoftBank
Sage Automotive Interiors
CellPoint Digital
Infobip
GLP Pte. Ltd.
Doxim Striata Ltd.
Alpine Investors
eBay
Mirastar Real Estate Investment Limited
ubitricity
Axalta
Work highlights
- Successfully acted pro bono for the respondents in the Supreme Court matter of Shannon (Appellant) v Rampersad and another (T/A Clifton House Residential Home) (Respondents), which is the leading authority regarding the application of the National Minimum Wage legislation to employees who are permitted to sleep while at work.
- Advised Axalta on the employment aspects of its acquisition of the U-POL group, a private equity-controlled refinish coating business, and its global workforce.
TMT (technology, media and telecoms) > Intellectual property: trade marks, copyright and design
United States > Finance > Financial services regulation Tier 4
Morrison Foerster’s financial services regulation practice stands out in the US market for the breadth of its practice, which includes handling transactions involving financial services companies as well as compliance with both banking and consumer lending regulations. In the consumer lending space, the team has a particular focus on payment processing and credit cards, acting for payment processing companies, banks and non-financial services companies involved in branded credit cards. The practice is also engaged in fintech and cryptocurrency-related work, providing advice on compliance with state and federal regulations. Anti-money laundering is another area of expertise. Barbara Mendelson and Jeremy Mandell serve as practice co-heads, with focuses on banking and fintech respectively. Marc-Alain Galeazzi is another name to note in the banking space, while Maria Earley and Crystal Kaldjob specialize in fintech and consumer lending matters. Earley and Jeffrey Silberman joined the firm from Reed Smith LLP in July and September 2021, respectively. Mendelson, Galeazzi and Silberman are based in New York, while Mandell, Early and Kaldjob are based in Washington DC.Practice head(s):
Jeremy Mandell; Barbara Mendelson
Other key lawyers:
Marc-Alain Galeazzi; Maria Earley; Crystal Kaldjob; Jeffrey Silberman; Joan Warrington; Rick Fischer
Key clients
American Airlines
MUFG Union Bank, N.A.
MLC Wealth Ltd.
Orient Bancorporation
Work highlights
- Represented American Airlines on some of the financing aspects of a $10 billion senior secured notes offering and loan agreement, secured by American Airline’s AAdvantage Loyalty Program. In particular, the firm advised on the AAdvantage Loyalty program assets, including AA’s credit card co-branding agreements, which were part of the collateral for the financing.
- Advising banking clients on regulatory matters in connection with transactions related to the sale of portfolio companies, including compliance with federal Bank Merger Act and applicable state laws and foreign laws governing transfer of trust, custody and agency relationships.
- Advising banking clients with respect to U.S. federal and state enforcement actions and examinations.
United States > Finance > Structured finance: derivatives and structured products
Morrison Foerster focuses on cross-border derivatives, with particular strengths regarding regulatory matters, insolvency risk mitigation, and commodity transactions. The team has also seen an increase in activity advising fintech start-ups in crypto compliance and trading. In New York, co-chair David Kaufman is a key contact regarding structured transactions involving derivatives, and is also highly experienced in M&A and reorganizations. He works alongside co-chair Vladimir Maly, a specialist in cross-border equity derivatives and bespoke transactions. In Washington DC, counsel Chrys Carey is well-regarded for his work on derivatives regulatory and compliance matters, while counsel Seth Lucia covers energy regulatory and derivatives mandates.Practice head(s):
David Kaufman; Vladimir Maly
Other key lawyers:
Chrys Carey; Seth Lucia; Lloyd Harmetz
Key clients
Adara
Arrowgrass Master Fund Limited
AXA Investment Managers
Bank of Montreal and BMO Capital Markets
ING
Ping An Real Estate Capital
Royal Bank of Canada and RBC Capital Markets
Tiberius Asset Management
Work highlights
- Advising various domestic middle market banks on derivatives matters relating to financial regulatory reform, including the Dodd-Frank Act.
- Advising U.S.-based commercial bank clients on a novel legal services partnering arrangement, serving as the exclusive external provider of legal services in support of the client’s derivatives business and play a central role in helping the client manage work flow.
- Advising number of investment banks on derivatives matters relating to financial regulatory reform, including MiFID 2/MiFIR and Basel III.
India > Foreign firms
Under the leadership of Amit Kataria, who is based between London and Hong Kong, Morrison Foerster continues to advise clients in a range of sectors on transactional and contentious matters, as well investigations and anti-corruption mandates. Kataria is India and New York-qualified and is well versed in M&A deals, private equity investments and securities offerings.Practice head(s):
Amit Kataria
Key clients
Atonarp, Inc.
BlackRock
SoftBank Vision Fund
SoftBank Group Corp
Composite Capital Management
U.S. International Development Finance Corporation (DFC)
Work highlights
- Advised SoftBank Vision Fund on One97 Communications Limited’s initial public offering in India on the National Stock Exchange and BSE Limited, which reportedly valued Paytm at approximately $20bn.
- Advised BlackRock on its investment in Pine Labs, one of Asia’s leading merchant commerce platforms, with the fundraising round reportedly ascribing a $3.5bn valuation to Pine Labs.
- Acted as lead international counsel to DFC in connection with a $150m project financing provided to ReNew Power Private Limited group to develop the 100MW ReNew/Telangana solar project.
Morrison Foerster > Firm Profile
The firm: With more than 1,000 lawyers in 16 offices, Morrison & Foerster is a leading law firm dedicated to delivering business-oriented results to clients across the United States, Europe, and Asia. Dynamic technology and life science companies, financial institutions, consumer product companies, and other market leaders come to MoFo for knowledge, innovation, and business aptitude. MoFo handles some of the world’s largest cross-border transactions and resolves major disputes across multiple jurisdictions. The London office, established in 1980, is at the heart of the network, offering access to UK and US qualified lawyers who advise on all aspects of mergers and acquisitions, including corporate, finance, securities, taxation and restructuring issues; technology, intellectual property and commercial transactions; capital markets; employment and privacy law; real estate and white collar investigations and regulatory. The firm also offers comprehensive capabilities in litigation and dispute resolution. The firm has a long-standing commitment to pro bono work, diversity and social justice.
Principal areas of work
M&A: As part of MoFo’s leading global M&A practice, we advise on national and cross-border M&A transactions, including on related financing, due diligence and regulatory issues. The team is an acknowledged market leader in the TMT sector. Lawyers advise on corporate structuring and restructuring, foreign investments and acquisition financing, private equity and venture capital, and start-ups, including on related financing structures.
Tax: Part of a global practice that enjoys a reputation for innovative tax planning and the successful resolution of important tax controversies. The group advises on all areas of tax including mergers and acquisitions, tax efficient domestic and cross-border financing structures, capital markets transactions, planning for IP intensive companies, transfer pricing matters, outsourcing, employee equity participation and executive compensation, and matters relating to VAT, stamp duty and stamp duty reserve tax.
Technology transactions: London lawyers are particularly recognised for their representation of technology providers and technology-enabled enterprises of all types in licensing, strategic partnering, outsourcing, ecommerce and new media, regulatory, contractual and other collaboration matters. MoFo’s outsourcing group is a market-leading practice and its lawyers deliver a full array of capabilities and attributes that are necessary to forge successful and enduring sourcing relationships and operate seamlessly as a team in key geographic areas.
Litigation: MoFo’s litigators represent public- and private-sector clients in complex national and cross-border litigation of all types, including international fraud and asset tracing, international trust litigation and insolvency, regulatory compliance and corporate investigations, as well as alternative dispute resolution procedures. They also advise and represent clients in corporate and capital market lawsuits, in post-M&A disputes and commercial litigation.
Employment: MoFo’s employment lawyers provide comprehensive advice on all areas of UK and international employment law. The team regularly assists clients with the multijurisdictional employment aspects of domestic and international corporate and group change, including mergers and acquisitions, joint ventures and restructurings, as well as managing disputes, employee transfers and contracts.
White-collar and investigations: MoFo’s investigations and white-collar defense team is best known for handling some of the biggest and most complex cross-border financial crime, corruption, bribery, sanctions and money-laundering investigations, high-profile white-collar investigations — including a significant number of high-stakes Financial Conduct Authority (FCA) and Serious Fraud Office (SFO) matters — as well as some of the largest cross-border contentious insolvencies.
Finance: The finance practice in London covers all the bases. From debt capital markets, through private placements and financial services regulatory advice to the more traditional, but constantly changing, senior and secured lending market across all asset types, lawyers have the experience and the expertise. The team’s knowledge and track record makes the firm a first port of call on finance matters for clients, whether financial institutions, institutional investors, funds or corporates.
Capital markets: The team advises investment banks, issuers, investors and other providers of financial services on national and international capital market transactions, initial public offerings and private placement of shares, equity- and debt-linked instruments, bonds and structured products, as well as trading of securities.
Business restructuring and insolvency: The group is at the vanguard of the profession handling financial institutions restructurings, cross-border insolvencies, distressed real estate, insolvencies involving key intellectual property, and hedge fund failures.
Equity derivatives: The team covers a range of derivatives and structured products used primarily in the context of corporate finance, capital markets and M&A activity, including: investments in listed companies via equity derivatives and financing of acquisitions via margin loans; disposals of strategic equity stakes with the use of collars, put and call option strategies, forward sale contracts and physically settled swaps; equity-backed capital markets transactions including convertibles and exchangeable notes; collateral transformation transactions involving swaps, repos and stock lending structures; and convertible bond hedging through warrants and capped call strategies.
High yield: MoFo has experience in cross-border corporate and private equity finance transactions, focusing on complex cross-border transactions, including high yield and crossover debt offerings, acquisition financings and liability management exercises. They advise both issuers and investment banks, primarily representing private equity and corporate issuer clients. High yield completes the third pillar in our London leveraged finance offering, rounding out our banking and restructuring capabilities.
Real estate: Through the economic cycles of the last 20 years, MoFo’s real estate team has gained extensive knowledge of the markets in both the UK and Europe. Acting for a mix of investment banks, private equity funds, institutional investors and advisors on the full spectrum of real estate-linked transactions, gives us visibility on the key developments and trends in the ever-evolving market. The team has an in-depth understanding of the issues that may confront clients in the real estate market, and the tools to find pragmatic solutions to those issues.
Main Contacts
Department | Name | Telephone | |
---|---|---|---|
Chair | Eric T. McCrath | ||
European managing partner | Paul Friedman | ||
London managing partners | Alistair Maughan | ||
London managing partners | Jonathan Wheeler |
Lawyer Profiles
- TMT (technology, media and telecoms) > IT and telecoms
Firm Rankings
- Finance > Debt capital markets
- Finance > Derivatives and structured products
- Risk advisory > Data protection, privacy and cybersecurity
- Risk advisory > Regulatory investigations and corporate crime (advice to corporates)
- Crime, fraud and licensing > Fraud: civil
- Finance > Acquisition finance
- Finance > Bank lending: investment grade debt and syndicated loans
- Corporate and commercial > M&A: upper mid-market and premium deals, £500m+
- Corporate and commercial > Venture capital
- Dispute resolution > Commercial litigation: premium
- Dispute resolution > International arbitration
- United States > Finance > Financial services regulation