Paul Hastings LLP > London, England > Firm Profile

Paul Hastings LLP
100 Bishopsgate
LONDON
EC2N 4AG
England

Finance > Acquisition finance Tier 2

Paul Hastings LLP  built on the existing success of its London acquisition finance practice with the bold recruitment in summer 2022 of a highly-rated four-strong lender focused team from  Latham & Watkins that includes its ‘responsive and client-focused’ former team head Mohamed Nurmohamed  and Ross Anderson.   Nurmohamed now co-chairs the firm’s global finance practice with  the ‘superb’ Luke McDougall .  The ‘very well coordinated’ team, which also includes  Peter Schwartz   , is continuing to gain market share among lenders, which appreciate its ability to work across the capital structure, including on integrated UK/US bank and bond mandates. McDougall excels in advising banks on large cap mandates, including a recent spate of public to private transactions, which require sophisticated financing arrangements. Other key names include Richard Kitchen  , who has strong credibility among funds, including private equity sponsors seeking finance, as well as credit funds, and the ‘excellentMei Lian .

Practice head(s):

Luke McDougall; Mohamed Nurmohamed

Other key lawyers:

Peter Hayes; Richard Kitchen; Mei Lian; Peter Schwartz; Ross Anderson; Karan Chopra; Rob Davidson;  Adrian Chiodo; Amin Doulai; Alon Blitz

Testimonials

The team is unique in that it is very well coordinated and extremely efficient and responsive, with great collaboration and communication skills.’

It is a well balanced creditor and borrower side practice working across the capital structure.’

The excellent Mei Lian is responsive, extremely diligent and capable. As a lead partner, she is distinguished by her hands-on approach and her willingness to help clients  understand the issues. She is also a very nice person, and a pleasure to work with.’

Amin Doulai is very innovative and clever, and also has shown a deep knowledge of the market.’

‘Mo Nurmohamed is responsive and client focused.’

Key clients

Goldman Sachs

Bank of America Merrill Lynch

Morgan Stanley

Boparan Group

Abry Partners

Investcorp

Oakley

KKR

JP Morgan

BNP Paribas

Lloyds Bank

Work highlights

  • Represented the mandated lead arrangers on the $1.5bn loan and bond facilities provided to Nordic Capital in connection with its public-to-private bid for Advanz Pharma.
  • Advised multiple banks and funds in relation to debt facilities provided for US-based aerospace and defence supplier Cobham’s public-to-private bid to acquire UK competitor, Ultra Electronics, for £2.57bn.
  • Advised multiple banks and funds in relation to debt facilities provided for Advent’s bid to acquire Caldic, global provider of value-added life sciences and specialty chemicals solutions, and the simultaneous combination with Advent portfolio company Grupo Transmerquim.

Finance > High yield Tier 2

Paul Hastings LLP is not a volume player in the high yield space, but it focuses on large and complex transactions, whether new issuance or restructurings. ‘These guys are problem solvers and think outside the box‘, remarks client of the practice led by experienced partner Peter Schwartz. ‘They are not stuck in just traditional high yield practices and are especially great for complex transactions‘, adds another. Maximilian Kirchner is a key adviser to investment banks, investment funds, multi-national companies, and private equity sponsors working on some of the most complex high-yield bond offerings. Up-and-comng partner Edward Holmes led advice to EA Partners I & II on the restructuring of its $1.3bn in outstanding notes.

Practice head(s):

Peter Schwartz

Other key lawyers:

Maximillian Kirchner; Edward Holmes

Testimonials

‘They are problem solvers and think outside the box.’

‘They are not stuck in just traditional high yield practices and are especially great for complex transactions.’

 

Key clients

Blackstone

Goldman Sachs

Bank of America Merrill Lynch

Citigroup

Credit Suisse

Barclays

Royal Bank of Canada

JP Morgan

Morgan Stanley

HSBC

Deutsche Bank

GCX Limited

Standard Chartered Bank

KKR

Boparan Group Holdings Ltd

Officine Maccaferri S.p.A.

Imperial Capital

Carlyle

Work highlights

  • Representing Officine Maccaferri S.p.A. in connection with its restructuring of €190 million aggregate principal amount of high-yield senior unsecured bonds and the issuance of new bonds.
  • Continuing to advise EA Partners I & II on the restructuring of the outstanding EA PartnersI’s U.S.$700,000,000 6.875 per cent. notes due 2020 and EA Partners II’s U.S.$500,000,000 6.75 per cent. notes due 2021.
  • Advised BofA Securities as global coordinator for the debut high-yield notes issuance of Zorlu Yenilenebilir Enerji A.Ş., a subsidiary of Zorlu Enerji A.Ş., a leading integrated utility company whose shares are listed on Borsa İstanbul.

Finance > Securitisation Tier 2

Paul Hastings LLP has ‘a leading financing and structuring expertise for sophisticated and complicated transactions‘. The firm handles complex and often business-critical securitisation mandates, particularly in the CLO market, and it remains active in large and high-profile NPL transactions. The ‘exceptionalMiles Flynn, standout CLO partner Cameron Saylor and ‘incredible leader and people managerPaul Severs head the practice. Saylor assisted Acer Tree Investment Management LLP with a the establishment of CLO platform and its €400m debut CLO thereunder. Severs assisted Kensington Mortgage Company with the Finsbury Square 2021-1 Green Plc, a UK-first green RMBS transaction. Mei Lian has extensive experience in the Greek market. She acted for Piraeus Bank S.A. in its Sunrise I and Sunrise II securitisations of Greek secured and unsecured non-performing loans, which had a total value of €7.2bn. Newly promoted partner Victoria Morton is recommended for RMBS and large loan portfolio acquisitions. She worked with associate Timothy Earle worked on key RMBS deals for KMC with a value of £1.5bn.

Practice head(s):

Miles Flynn; Cameron Saylor; Paul Severs

Other key lawyers:

Victoria Morton; Tim Earle

Testimonials

‘A leading financing and structuring expertise for sophisticated and complicated transactions. Miles Flynn is exceptional.’

‘Very dependable service from lead partner Paul Severs. Increasingly strong team also beneath Paul Severs with excellent market knowledge and smart-thinking thrown into the mix to create a valued relationship between client and lawyer.’

‘Paul Severs shows consistent out-performance as a top structured finance lawyer. Able to address a wide range of issues and also be a conduit for other expertise within both current and previous firms he has been at.’

‘The engagement that you get from the Paul Hastings team is unrivalled particularly given the way large scale legal practice has evolved over the last 10 years or so. You get consistent, direct contact with the same senior points of contact as well as juniors that are competent in relative terms.’

‘Paul Severs is an incredible leader and people manager. There is no matter Paul is not able to advise us on notwithstanding his specific expertise in securitisation, he also assists with general corporate restructurings amongst other things.’

‘Victoria Morton – my main contact and a real superstar. Victoria has managed almost all of the deals we have done over the last years or so. Counterparties are quick to highlight how well things run when she is involved in a trade. I could not manage without her. Tim Earle – a relatively new addition to the team but very dependable.’

‘Expertise through many years of experience in the securitisation, capital markets and banking areas.’

‘Dedication, client relationship and able to provide excellent advice through many years of experience in this sector.’

Key clients

Kensington Mortgage Company Limited

Bluestone Mortgages Limited

The Mortgage Lender

Deutsche Bank

Fairfield

Mount Street

Oplo Group and Tandem Bank

LiveMore Capital Limited

Balbec Capital LP

Consensus Business Group

Link Mortgage Servicing

ING Bank

DRC Capital

Fairhold Finance

OakNorth

Together

Piraeus Bank S.A.

doValue S.p.A.

Work highlights

  • Advised Kensington Mortgage Company on the Gemgarto 2021-1 and the Finsbury Square 2021-1 Green RMBSs.
  • Advised Piraeus Bank on its “Sunrise I” and “Sunrise II” securitisations of Greek secured and unsecured non-performing loans.
  • Acting for Goldman Sachs in relation to a €295.3 million CMBS collateralised by two loans.

Real estate > Property finance Tier 2

‘The breadth and depth of expertise of the real estate finance practice’ at Paul Hastings LLP ‘is one of the best in London'. The team acts for lenders, borrowers and sponsors in three core areas: debt origination, complex structured joint ventures and funds, and CMBS in the UK and continental Europe. The ‘exceptionally strong’ Miles Flynn chairs the group and acts for alternative lenders on loan origination and loan-on-loan finance transactions. Sierra Taylor has extensive experience in acting for European and international investment funds, investment managers, banks and corporate clients, and Christina Olliver is also a notable team member.

Practice head(s):

Other key lawyers:

Testimonials

‘Deep knowledge on senior mezzanine, A/B and loan to loan structures.’

‘The breadth and depth of expertise of the real estate finance practice at Paul Hastings is one of the best in London.’

‘The partnership works well together, collaborating at the right time to provide cohesive advice across the funding structure, from security, through regulatory and tax.’

‘Paul Hastings’ recognition of budget is an important relationship factor – the best advice is never cheap, but the team manages to stick to agreed figures and communicates clearly when this is not possible.’

‘Market leading property finance team, with a particular specialisation in structured finance and securitisation, in which field Miles Flynn remains one of the leading lights.’

‘Very strong technical abilities in the group, coupled with sensible pricing, means they are a go-to firms for real estate finance.’

‘Miles Flynn leads the team in every sense. He is exceptionally strong technically, completely unflappable and, most importantly, commercial with an innate instinct of knowing when and how to push points in a negotiations. He is front and centre on every engagement and completely accessible, 24/7.’

‘Miles Flynn and Christina Olliver provide a stand out service. Miles always brings a calm rigour to any negotiation and is particularly strong around complex matters that need a commercial head to find a way through.’

Key clients

Starwood European Finance Partners Limited

Bank of America Europe DAC

Investec Bank Plc

JP Morgan

Morgan Stanley

Deutsche Bank

DRC Capital

Oaktree Capital

Fairfield Real Estate Finance

Eastlodge Capital

Goldman Sacs

Work highlights

  • Acting for Goldman Sachs in relation to a €295.3m CMBS collateralised by two loans.
  • Advised Eastlodge Capital in connection with the provision of an £86m development facility to a company owned by Corinthian Homes for the development of Hayle Harbour in Cornwall.

Corporate and commercial > Private equity: transactions - mid-market deals (up to £250m) Tier 3

Paul Hastings LLP has close ties to Abry Partners and Astorg Partners, acting for these sponsors in acquisitions, joint ventures, exits and a sizeable volume of portfolio company M&A. The practice stands out for the cross-border nature of its work, regularly acting on transactions involving European companies. Anu Balasubramanian leads the team and has strong relationships with a range of US and European buyout houses. The group was bolstered in June 2022, when Tom Cartwright joined from Morgan, Lewis & Bockius UK LLP.

Practice head(s):

Anu Balasubramanian

Other key lawyers:

Key clients

Brookfield

Abry Partners

Francisco Partners

Oakley Capital

Astorg Partners

Vector Capital

Symphony Technology Group

Strategic Value Partners

LINK Mobility Group

Keyloop

Wipro Limited

SICP Investments

Alpine Grove

Centerbridge

North Technology Group

Saba Software

Bregal

Benson Elliot

Work highlights

  • Advising Oakley Capital on its acquisition of PRIMAVERA. The acquisition is a bolt-on to Oakley’s 2019 investment in Ekon, the Spanish provider of Enterprise Resource Planning Software.
  • Advising Abry Partners, a tech, media and communications-focused private equity firm, on its joint venture with Castik Capital to acquire Reward Gateway.
  • Advised LINK Mobility Group Holding ASA, the Oslo-headquartered global mobile solutions and CPaaS provider, on its acquisition of Message Broadcast, LLC.

Crime, fraud and licensing > Fraud: white-collar crime (advice to individuals) Tier 3

The ‘really committed defence team‘ at Paul Hastings LLP continues to act for individual defendants in high-profile white-collar defence proceedings, including a key role in several ongoing SFO investigations. The firm also represents clients in global investigations, working in close collaboration with its US, European, and Asian teams, including parallel investigations by the US DOJ and other international enforcement bodies. The practice is led by Jonathan Pickworth, whose expertise includes tax evasion, fraud, and money laundering cases, while other key names are Joanna Dimmock, known for her work in international corruption, criminal cartel, and economic sanctions proceedings, and Rebecca Copcutt, who continues to build her reputation for criminal enforcement actions, including cross-border cartel and market misconduct allegations. Associate Fred Kelly plays a key role in several of the firm’s highest-profile individual representations, including SFO defence proceedings and investigations by law enforcement.

Practice head(s):

Jonathan Pickworth

Other key lawyers:

Testimonials

‘A really committed defence team that does not see its role as somehow incorporating a duty of cooperating with the authorities to secure the conviction of their client but who fiercely and fearlessly defend.’

‘Jo Dimmock conscientious, hard work, tough as nails and charming. A star. Jonathan Pickworth, rain maker and incredibly committed to his clients.’

‘Paul Hastings have been involved in two of the biggest SFO cases recently. They have an increasing profile in this area.’

‘Jonathan Pickworth is a brilliant leader. Joanna Dimmock is hard working. Fred Kelly is industrious. Tom Hickey is a bright rising star.’

‘The team is very strong and has a great track record in fraud cases.’

‘Jo Dimmock puts her all into the cases she deals with and her perseverance tends to pay dividends for her clients.’

‘Specialist criminal lawyers. Depth of experience in the most complex criminal trials in the UK. A wealth of experience dealing with individual defendants.’

‘This is a high profile team which has been involved in the majority of the most recent SFO multi jurisdictional cases brought in recent years.  The team has the capability to deal with both corporate and individual clients and has a wealth of experience in this field.’

Key clients

Richard Usher

Ziad Akle

James Jardine

Work highlights

  • Represented Richard Usher in the continuation of the global investigation into the alleged rigging of the global foreign exchange market.
  • Representing Ziad Akle, who was the lead defendant in the Unaoil trial, the SFO’s largest bribery trial to date.
  • Representing James Jardine in relation to the SFO’s prosecution of individuals employed by G4S.

Industry focus > Hospitality and leisure Tier 3

Paul Hastings LLP's team can draw on international expertise to expertly handle cross-border matters, with recent work touching on jurisdictions including France, Italy, Denmark, Luxembourg and the Netherlands, as well as the wider firm's domestic US market. Areas of expertise include asset management, disposals, hotel development projects, acquisitions and sales. Michael James  heads the practice. He is the go-to contact for corporate real estate expertise and has experience in joint ventures, real estate finance, fund investments and hotel acquisitions and operations.

Practice head(s):

Michael James

Other key lawyers:

Stephen Nicolas

Testimonials

‘I highly recommend Stephen Nicolas.’

‘Unique, deep, specialist market knowledge in Europe that results from being involved in most large deals.’

‘Michael James is an incredible negotiator, who cuts through the noise and has a tonne of commercial sense.’

Key clients

Starwood Capital

LRC

Benson Elliot

Walton Street

Goldman Sachs

TPG

Highgate Hotels

Omnam Group

RB Capital

Cerberus

Aroundtown

Klarent Hospitality

Work highlights

  • Advised Starwood Capital on the acquisition of a development site in Manchester in joint venture with Property Alliance Group.
  • Advised Starwood Capital on the acquisition of the five-star Skt Petri hotel in Copenhagen, Denmark and the hotel management agreement.
  • Advised Highgate/Cerberus Capital Management Joint Venture on the acquisition of the Dorsett Hotel in Aldgate, Central London.

Investment fund formation and management > Fund finance Tier 3

Paul Hastings LLP advises leading banks, institutional investors and sponsors on an array of cross-border transactions, including umbrella subscription facilities, hybrid capital calls and NAV financing. The team collaborates with the New York office and the firm’s regulatory and tax practices, making it well positioned to deal with matters related to hybrid funds and other complex structures. The group is led by Cameron Saylor, who is dual qualified in England and New York and focuses on CLOs and revolving loans, Christian Parker, structured finance expert Diala Minott, and Sierra Taylor, who is especially sought after to handle NAV and hybrid facilities.

Practice head(s):

Sierra Taylor; Diala Minott; Christian Parker; Cameron Saylor

Testimonials

‘Great industry and sector knowledge, efficient and reliable, quick turnaround and competitive pricing.’

Key clients

Credit Suisse

Raiffeisen Bank International

United Overseas Bank

Deutsche Bank

Intermediate Capital Group

Ninety One

BAML

Albacore

Ares

CVC Capital Partners

Angelo Gordon

Activum

MML Capital Partners

Pantheon Ventures

MVM Partners

Melford Capital

NorthEdge Capital

Blackrock Real Assets

MacKay Shields EUP ope Investment Management

Citigroup

Ostrum Asset Management

PGIM

Goldman Sachs

MeDirect Bank

Barclays Bank

Northwoods EUR opean CLO Management

PineBridge Investments

Morgan Stanley

Och Ziff

Investment fund formation and management > Real estate funds Tier 3

Paul Hastings LLP‘s team is co-headed by Diala Minott Christian Parker and Duncan Woollard , who is renowned for his work with leading actors in the global investment funds market. The team works advising on the launch, establishment and closing of real estate funds; notably, it advised global asset manager Capital Group on a matter as such, involving a new sale and leaseback strategy real estate fund, which offered investment access to commercial real estate from owner occupiers or third-party sellers, and the fund ended up oversubscribed at €1.2bn. Diala Minott has particular expertise advising on direct lending funds across Europe, both regulated and unregulated and has also been critical in the team’s ventures into credit and debt funds.

Practice head(s):

Diala Minott; Christian Parker; Duncan Woollard

Testimonials

‘There is no situation or scenario that Duncan Woollard has not seen. He seems to have an answer to the spectrum of issues and knows how to professionally deal with all investor lawyers’

‘Duncan Woollard gets it done with minimum fuss and at a reasonable price.’

 

Key clients

Octopus Healthcare

Activum

Cheyne Capital

The Government of Gibraltar

Oakley Capital

Octopus Healthcare

Activum

Cheyne Capital

The Government of Gibraltar

Oakley Capital

Work highlights

  • Advised Cheyne Capital on its flagship real estate credit funds, CRECH VI and CRECH VII, which recently held its final close.
  • Advised a global alternative asset manager, on the launch, establishment and closing of its new sale and leaseback strategy real estate fund.
  • Represented an investment manager in raising the fourth vintage of the successful LREDs strategy, a real estate debt  with global investment strategy that had a successful closing of £1bn.

Projects, energy and natural resources > Infrastructure Tier 3

Paul Hastings LLP offers clients ‘an excellent depth and reach of knowledge coupled with a highly collaborative approach’. Strong in finance, corporate and capital markets work, the firm’s infrastructure and energy practice handles a range of mandates for large international financial institutions and banks. Steven Bryan and Derwin Jenkinson jointly head the team, with Bryan handling corporate matters and Jenkinson recommended for financing work in the energy sector. Tamsin Doran is a key associate with experience in international M&A.

Practice head(s):

Steven Bryan; Derwin Jenkinson

Other key lawyers:

Testimonials

The firm has an excellent depth and reach of knowledge coupled with a highly collaborative approach’.

‘All contacts have been extremely professional and proactive’.

‘Derwin Jenkinson is an exceptional partner with a wealth of experience and knowledge –  a clear leader in all aspects of infrastructure financing’.

‘Derwin Jenkinson is always fully engaged and incredibly solutions driven. He understands what we are trying to achieve’.

‘Experienced in hedging and corporate financing’.

Key clients

Gingko Tree (Chinese Sovereign Wealth Fund)

Antin Infrastructure

VTRM

EIG Energy Partners

Brookfield Infrastructure

Brookfield Private Equity

Arcus Infrastructure Partners LLP

Hermes Infrastructure

Salt Mobile SA

Global Cloud Exchange

Cosco Shipping Ports Limited

Angel Trains

Cory Riverside

Nat West

Nomura

Jefferies

Morgan Stanley Infrastructure Partners

BofA Securities

Work highlights

  • Advised EIG Global Energy Partners (EIG), a leading institutional investor in the global energy sector, on its transaction with Fluxys, the Belgian gas infrastructure group, for the sale of a 27.5% stake in Transportadora Brasileira Gasduto Bolívia-Brasil S.A. (TBG).
  • Advised the arrangers, NatWest and Nomura, on financing the acquisition by Ancala Partners and Fiera Infrastructure Inc. of Augean plc. The public-to-private acquisition was highly competitive with multiple rounds, leading to a Takeover Panel auction, with total consideration of £390m.
  • Advised BofA Securities as global coordinator for the debut high-yield notes issuance of Zorlu Yenilenebilir Enerji A.Ş., a subsidiary of Zorlu Enerji A.Ş., a leading integrated utility company whose shares are listed on Borsa İstanbul.

Real estate > Commercial property: investment Tier 3

Paul Hastings LLP’s London-based real estate practice can leverage the expertise of the wider firm’s corporate, finance and tax teams to advise on big-ticket investment transactions, often involving an underlying corporate element. Noted for its demonstrable experience in hotel purchases, the team’s workload also includes structured acquisitions and disposals, joint ventures, fund investments and financing mandates. Michael James leads the practice and focuses on cross-border transactions involving multiple European jurisdictions, while Stephen Nicolas, who was promoted to partner in July 2022, focuses on corporate real estate matters. Other key members of the team include associates Edward Meadowcroft and Matthew Peters.

Practice head(s):

Michael James

Key clients

Starwood Capital

Goldman Sachs

TPG

Highgate Hotels

Evans Randall Investors

Pinebridge Benson Elliot

Walton Street

Cerberus

Angelo Gordon

Work highlights

  • Advising Starwood Capital on the acquisition of a £200m development site in Manchester, in joint venture with Property Alliance Group.
  • Advised Activum SG Capital Management on the corporate acquisition of three retirement living development sites, valued at £25m, with the overall GDV of the development projects estimated in excess of £200m.
  • Advising Angelo Gordon on the acquisition of three sites in Ireland, UK and Germany.

Risk advisory > Regulatory investigations and corporate crime (advice to corporates) Tier 3

The London-based team at 'worldwide investigations powerhouse' Paul Hastings LLP continues to be active across a number of high-profile and complex corporate investigations and prosecutions, including cases led by both the SFO and US DOJ, regularly involving cross-border allegations of bribery and corruption, market abuse, money laundering, and executive malfeasance. The team represents multinationals in a variety of industries, led by the 'formidable' Jonathan Pickworth, who offers vast experience across corporate regulatory investigations and criminal defence work. Joanna Dimmock is another specialist criminal defence practitioner who regularly contributes to high-stakes proceedings, and is praised by clients as 'outstandingly able'.

Practice head(s):

Jonathan Pickworth

Other key lawyers:

Joanna Dimmock; Alex Leitch

Testimonials

‘This is a brilliant team led by the inspirational Jonathan Pickworth.’

‘Jonathan Pickworth is a brilliant strategist and a wonderful leader.’

Jo Dimmock is outstandingly able and a wonderful person to have on any team.

‘Paul Hastings is the worldwide investigations powerhouse – it has worked on many of the biggest and most complex cases.’

‘Jonathan Pickworth is a formidable talent – determined, highly articulate and extremely capable.’

‘Jonathan Pickworth is the star performer in PH white collar crime and deserves his reputation following wins representing individuals in SFO actions.’

TMT (technology, media and telecoms) > Fintech Tier 3

Paul Hastings LLP operates closely with its colleagues in the US, supporting fintech-based clients in relation to financial services, regulatory, transactional, data protection, IP and technology issues. The team also handles cryptocurrency, payment, distributed ledger technology (DLT) and compliance matters. Arun Srivastava leads the team, while Nina Moffatt is a key name to note.

Practice head(s):

Arun Srivastava

Other key lawyers:

Testimonials

‘The team has strong legal understanding and practical experience across the regulatory regimes applicable to fintech businesses, including the more recent or novel applications of financial services including crypto.’

‘Nina Moffatt is responsive, provides business friendly legal advice, and is very knowledgeable about her areas of practice.’

‘Arun Srivastava and Nina Moffatt are standout practitioners and are conversant in even the most novel business models and regulatory issues.’

Corporate and commercial > Financial services: non-contentious/regulatory Tier 4

At Paul Hastings LLP, cornerstones of the practice include handling ESG initiative and anti-money laundering issues, licensing and international expansion affairs, fund structuring mandates and M&A, among many other matters. Practice head Arun Srivastava counts fintech-related regulatory obligations and cross-border product and services offerings across the EU among his specialist fields of expertise.

Practice head(s):

Arun Srivastava

Other key lawyers:

Nina Moffatt; Konstantin Burkov

Testimonials

‘The Paul Hastings Regulatory team are key to the success of my own team. They are so good at what they do that we regard them as an extension of our own regulatory team. Arun Srivastava leads the PH team and he is an absolute star.’

‘We have used many different law firms in the FS regulatory space but Arun and his team are the best. They are commercial thinkers – always being solution focused. They are also proactive – sending constant updates on new laws impacting my business.’

‘Arun Srivastava – phenomenal. He is incredible to work with. Takes a commercial view. So proactive in his support of us that I see him as a true partner – not just a third party adviser. His understanding of legal matters is unmatched in my opinion. No weaknesses I have identified.’

‘The team provided depth of experience in the topic which is an emerging area of regulation in the financial markets. We have history working with the team on other topics and on this particular recent engagement their strong handle of the regulation made them our trusted partner.’

‘The individual on the day to day was extremely diligent, providing pragmatic opinion to address how our firm needed to implement the regulatory recommendations and mandatory disclosures.’

‘Collectively, the Paul Hastings team is a perfect blend of professionalism, knowledge and optimal client service. Their speed on execution, while maintaining the highest professional standards and industry knowledge is clearly remarkable.’

‘We have worked with the cross border regulatory team for several years and they understand our requirements and combine legal expertise with commercial awareness. They are great to work with, very practical and good at helping us find solutions.’

‘Arun Srivastava and Konstantin Burkov. Very experienced, practical, easy to work with and great at helping us form risk based decisions.’

Key clients

American Express

Bangkok Bank Accenture

JP Morgan

Waverton Investment Management

Work highlights

  • Advised a number of UK, EU and non-EEA asset and fund managers on the European Union’s Sustainable Finance Disclosure Regulation (SFDR) and Taxonomy Regulation.
  • Advised a number of UK and non-EEA (mainly US) fund managers on the new pre-marketing and marketing regimes under the AIFMD and the new cross-border fund distribution directive and regulation.

Finance > Corporate restructuring & insolvency Tier 4

Under the leadership of the 'hugely experienced and intellectually impressive' David Ereira , Paul Hastings LLP's small team has developed a strong reputation as a result of its ability to provide 'practical and solutions-focused' advice to a range of stakeholders (including corporates, banks, funds and governments) across an eclectic mix of high-value contentious and non-contentious restructuring matters. Often working closely with other  complementary finance offerings at the firm, including its strong leveraged finance team, the practice has perhaps gained most acclaim for its restructuring and transactional-related distressed work, including on liability management strategies and NPL portfolio acquisitions. The 'responsive and extremely diligent' Mei Lian is particularly effective on behalf of fund clients seeking to realise value in stressed and distressed situations; she also has niche expertise advising Greek clients on NPL-related work.

Practice head(s):

David Ereira

Other key lawyers:

Mei Lian; Crispin Daly; David Shennan

Testimonials

The team is practical and solutions-focused. They are able to look beyond the legal situation, understand deal dynamics and make practical suggestions to find a way forward.’

‘David Ereira is a unique lawyer in this space. He is hugely experienced, intellectually impressive but approachable. What makes David different is his ability to understand and influence how the key debates are resolved.’

‘Mei Lian is an excellent lawyer – she is always available and responsive and extremely diligent.’ 

Key clients

Alpine Grove

Government of Jamaica

Park First

Attestor

EA Partners

Boparan Group Holdings

HPS

Global Cloud Exchange

Sixth Street

The family shareholders of Matalan

QuickQuid

Runruno Limited

Global Loan Agency Services

Work highlights

  • Advised Alpine Grove on the acquisition of the entire business of the Argyll Club – which provides high-end serviced offices in Mayfair and the City.
  • Advised a consortium led by Attestor Capital on the acquisition of the Project Mercatus portfolio of non-performing loans backed by UK commercial real estate from NatWest Bank in August 2021, and the subsequent restructuring of various portfolio assets.
  • Advising Park First on their refinancing and liability management strategies, including on potential asset disposals for generation of liquidity and other restructuring processes.

Finance > Derivatives and structured products Tier 4

Paul Hastings LLP is best known for its CLO practice, though it has a key role in the broader structured credit space, and it a key adviser to private and public corporations, investors, funds, and investment banks on a wide range of transactions including structured finance, securitisation, and derivatives matters. Lead partner Cameron Saylor has significantly grown the flow of European CLO work. ‘The practice has strong industry knowledge and is well versed in the latest regulatory developments‘, remarks one client, adding that ‘the team has always provided clear and direct answers and helped anticipate any potential issue‘. Diala Minott is also a key adviser on structured finance transactions including CLOs and bespoke funds. Jason Brooks joined the team from CMS in June 2022.

Practice head(s):

Cameron Saylor

Other key lawyers:

Testimonials

‘Very knowledgeable team led by Cameron Saylor and possibly the most respected team in the CLO market.’

‘Cameron Saylor is the go-to partner who is the best in the business.’

‘Superb client service, the team led by Cameron Saylor are always available and able to provide a reasonable commercial view on all points backed by deep technical and regulatory knowledge on both the securitisation and funds aspects of CLO transactions.’

‘Cameron Saylor is a very measured and knowledgeable team leader, with a near-uncanny ability to provide almost instantaneous personal attention across all of the deals his team runs.’

‘Breath of knowledge in derivatives and structured products practice as well as solution finders.’

‘The practice has strong industry knowledge, well versed in the latest regulatory developments. The team has always provided clear and direct answers to our requests and helped us anticipate any potential issue.’

‘The team is dedicated to its work and committed to excellence. They provide industry and regulatory updates as they develop and have supported us throughout the entire process.’

‘All members of the team we interacted with have proven particularly helpful and willing to go the extra mile to answer our questions, including those that were not directly related to the initial mandate.’

Key clients

Deutsche Bank

MacKay Shields Europe Investment Management

Citigroup

Ostrum Asset Management

PGIM

Goldman Sachs

Angelo Gordon

Barclays Bank

Northwoods European CLO Management (an Angelo Gordon vehicle)

PineBridge Investments

Morgan Stanley & Co.

JP Morgan

Sculptor (Och Ziff)

ICG

BAML

Albacore

Ares

CVC

Rothschild

Oak Hill

Work highlights

  • Advised PGIM Loan Originator Manager Limited as collateral manager and PGIM Limited as co-collateral manager in respect of a reset of one of their legacy 2017 deals.
  • Represented Goldman Sachs International in connection with Anchorage CBO Reset.
  • Advised Morgan Stanley in relation to the arrangement of a reset of the Avoca CLO XII DAC CLO.

Investment fund formation and management > Private funds Tier 4

While Paul Hastings LLP is active across private equity, growth capital and impact funds, it is most well-known for its work in credit funds space, where it acts for established managers in fund structuring and formation. The team also has a notable focus on secondaries; Ted Craig joined the firm from Dentons in July 2021 and has significantly added to the firm’s expertise in this space. The group is jointly led by Diala Minott, Christian Parker and Duncan Woollard. Minott and Woollard take the lead on credit funds, while Parker has a particular niche in advising on matters pertaining to risk retention funds. The practice is ‘honest and straightforward’ and is praised as ‘a pleasure to work with’.

Practice head(s):

Diala Minott; Christian Parker; Duncan Woollard

Other key lawyers:

Testimonials

‘Always responsive, friendly, helpful and very knowledgeable.’

‘A pleasure to work with.’

‘They are honest and straightforward to deal with, and have a good commercial mindset.’

Key clients

Pemberton Asset Management

AlbaCore Capital

Neuberger Berman

Angelo, Gordon & Co LP

Eurazeo (formerly Idinvest Partners)

Intermediate Capital Group Plc

Barclays

Pantheon

Montana Capital Partners

JPMorgan Asset Management

Work highlights

  • Represented LaSalle Investment Management in raising the fourth vintage of the successful LREDs strategy, a real estate debt strategy with global investment strategy that had a successful closing of £1bn commitments from a diversified pool of investors across the globe.
  • Acted as lead counsel for Pemberton Asset Management in relation to a fund structure for direct lending investments to be made by a group of European insurance companies.
  • Advised Montana Capital Partners on an innovative secondary transaction through its investment in the Ping An Global Equity Selection Fund II and Ping An GP Opportunities Fund.

Risk advisory > Data protection, privacy and cybersecurity Tier 4

Paul Hastings LLP‘s responsive, commercial and very knowledgeable’ team assists a wide variety of high-profile clients operating across a wide range of sectors, most notably fintech, financial services, tech and media, with cross-border compliance projects, data breach responses and regulatory investigations. Associate Ashley Webber is a key name in the area and well versed in international data transfers and privacy matters. Former practice head Sarah Pearce left the firm in 2022 to join Hunton Andrews Kurth LLP.

Other key lawyers:

Testimonials

‘I find Paul Hastings exceptionally easy to deal with – responsive, commercial and very knowledgeable.’

Corporate and commercial > Corporate tax Tier 5

Paul Hastings LLP has a ‘highly experienced team’, which is highly active on the tax aspects of private equity, investment funds, and banking. Team lead Arun Birla advises UK and international clients on a broad range of matters including M&A and structured finance. Jiten Tank covers structuring and transactions, with experience in real estate matters. Associate Abigail Hung is another key lawyer.

Practice head(s):

Arun Birla

Other key lawyers:

Testimonials

‘Clear, concise, commercial advice.’

‘Arun Birla is a pleasure to work with. Calm and collected he cuts through to the real issues.’

‘Very commercial, great client service.’

‘Arun Birla – accessible, responsibe, very commercial and client friendly.’

‘Pragmatic, commercial, while very knowledgable not just on tax law but its application within our niche industry.’

‘Highly experienced team, which knows about the tweaks and potential loop holes in international tax structuring. Super diligent in their work, great communicators and always solution oriented.’

Key clients

Abry Partners II, LLC

Activum SG

Oakley Capital

Pantheon

Centerbridge

Vector

Francisco Partners

NJJ Capital

Work highlights

  • Assisted Activum SG with the closings of Fund VI and Fund VII and have also worked closely with them in dealing with the ongoing tax structuring aspects of their funds.
  • Advised Francisco Partners on the tax aspects of the US$1.45 billion acquisition of CDK’s international business which was carved out of CDK Global.
  • Advising multiple banks and funds in relation to tax aspects of the debt facilities provided Cobham’s public-to-private bid to acquire Ultra Electronics for £2.57 billion.

Corporate and commercial > Financial services: contentious Tier 5

Led by Arun Srivastava, the team at Paul Hastings LLP aims to cover the full suite of contentious financial services matters, including those with transatlantic, insolvency law, sanction violation and cryptocurrency elements. Srivastava demonstrates a proven track record in FCA enforcement matters and is supported by Jonathan Pickworth.

Practice head(s):

Arun Srivastava

Other key lawyers:

Testimonials

‘I have been working with Arun Srivastava and his team for some years now. He has great knowledge of the sector and has a good bank of both corporate and individual clients. He is a good team player and is highly respected by regulators, who feel that they can trust him. He works well with clients and has the depth in the team that works with him.’

‘Arun Srivastava has vast experience and is a team player and is really shrewd. He has good judgment and knows exactly what the strengths and weaknesses are in a case and then goes on to address the real issues.’

‘Arun Srivastava has a strong technical background in non-contentious financial services advice, meaning that he has a deep knowledge of both the products and the regulatory system that applies. The result is that, when combined with his time spent as a regulatory litigator, he can provide a holistic view and (particularly in relation to the FCA) has an excellent feel for how they will approach issues and what agreed outcomes might be possible.’

Key clients

Park First

CashEuroNet/QuickQuid

Uphold Europe Limited

Work highlights

  • Representing an individual in the continuation of the global investigation into the alleged rigging of the global foreign exchange market.

Corporate and commercial > M&A: upper mid-market and premium deals, £500m+ Tier 5

Drawing on its robust international footprint, Paul Hastings LLP‘s London team consistently advises on high-value, multi-jurisdictional transactions for a broad sweep of companies from the worlds of telecoms, energy, software, sports, and entertainment. Steven Bryan runs the team’s energy, natural resources, and infrastructure desk, while Ronan O’Sullivan‘s comprehensive transactional capabilities see him handling deals for clients in biotechnology, industrial engineering, and the leisure sector. Matthew Poxon‘s reputation for transatlantic M&A ensures that he is regularly sought out by some of the world’s leading corporates and financial institutions. Senior associate David Prowse is also recommended.

Practice head(s):

Ronan O’Sullivan; Steven Bryan; Matthew Poxon

Other key lawyers:

Key clients

City Football Group

PineBridge Benson Elliot

Moodys Corporation

NJJ Capital

Heritage Group

Teleperformance SE

Astorg Partners

Salt Mobile

Masimo Corp.

Abercrombie & Kent

Centerbridge

OpCapita

International Holding Company

The Bank of London

Keysight Technologies

Brookfield Infrastructure

Gulf Related

Group 42

Monaco Telecom

Eircom

FCDE

Work highlights

  • Represented Moody’s Corporation on its $2bn acquisition of RMS from Daily Mail and General Trust plc.
  • Advised Madison Industries as lead transaction counsel in an agreement to acquire Nortek Air for $3.63bn.
  • Led on all of The Bank of London’s equity raises, including acting on its behalf on its recent round-C investment valuing the bank in excess of $1bn.

Finance > Bank lending: investment grade debt and syndicated loans Tier 5

Although it remains better known for leveraged finance, Paul Hastings LLP‘s growing London team is also picking up its fair share of more general syndicated banking mandates, where it is noted for its knowledge across a range of financing techniques, including on integrated UK and New York law loan and bond products. The ‘excellent’ Mei Lian is a welcome addition to the team following her arrival from Shearman & Sterling LLP in May 2020, and adds expertise in both new money and distressed contexts in light of her adaptability and knowledge of bank debt and capital markets instruments.

Other key lawyers:

Testimonials

A great team – trust them to handover the work and they get the job done.’

Mei Lian is an excellent lawyer, always available and responsive, extremely diligent and capable to effectively take into account foreign law requirements. As a lead partner, she is distinguished by her hands-on approach and her willingness to help clients to understand the issues.’ 

Employment > Employers Tier 6

Suzanne Horne leads Paul Hastings LLP's full-service employment department where she is lauded as an ‘excellent technical expert and litigation strategist’. The firm also demonstrates capabilities advising on multi-jurisdictional employee transitions, restructures, transactional work and HR counselling.

Practice head(s):

Suzanne Horne

Testimonials

‘The team at Paul Hastings is small but top quality.’

‘Led by the talented Suzanne Horne it covers all the key areas of employment law a commercial business needs. Suzanne and the firm are highly regarded for its diversity work.’

‘They think outside the box to deliver pragmatic solutions to complex and challenging matters.’

‘Suzanne Horne is an excellent technical expert and litigation strategist. She sees all the angles, is astute and tactical and great to have alongside you in a tricky case. A strong communicator who has a good sense of what your opponent’s moves.’

‘Suzanne Horne is a delight to work with. She has a reassuring confidence and calm and assuring approach.’

‘Suzanne Horne is a cornerstone for UK employment law.’

‘Suzanne Horne leads a team of extraordinarily skilful lawyers in providing common sense advice, expert prompt handling and solid advice for myriad problems.’

‘Suzanne is a delight to deal with both personally and professionally; excellent drafting skills, insight and strategic advice. Her younger team members have followed her lead beautifully.’

Key clients

AIG Inc., AIG Financial Products Corp. and AIG Management France, S.A.

Chevron Products (UK) Limited

De Vere Hotels

McAfee Enterprise (Musarubra US LLC)

PricewaterhouseCoopers

Uphold

The Bank of London

Philip Morris International

Booz Allen Hamilton

Masimo Corporation

World Vision International

Moody’s Corporation

Work highlights

  • Successfully defended AIG and two of its subsidiaries against claims that deferred compensation accounts of bankers in London were improperly reduced and should have been restored notwithstanding massive losses that were sustained by an AIG subsidiary as a result of the financial crisis in 2008.
  • Assisted Chevron Products (UK) Limited on a number of key projects for its EMEA business during the pandemic, which included health and wellbeing initiative being rolled out across the EU.
  • Assisted De Vere Hotels with the restructure of its business as a result of the lockdown restrictions.

Industry focus > TMT

Former Baker McKenzie  partner Jason Raeburn joined Paul Hastings LLP  in summer 2022 to head its London  IP practice. He’s described by one client as ‘considered,  pragmatic and his litigation expertise is exceptional.’

Dispute resolution > Commercial litigation: premium

In March 2021, Alex Leitch, formerly co-chair of Covington & Burling LLP‘s London dispute resolution offering, joined Paul Hastings LLP as team lead for the complex litigation department, thereby greatly strengthening the firm’s visibility in this space.

Our lawyers provide the legal solutions and business insights necessary to help our clients navigate new paths to growth. We have advised on numerous complex domestic and cross-border deals and financings, as well as helping clients manage compliance risks and resolve sensitive disputes.

Over the past five years our London team has more than doubled in size, and we continue to significantly strengthen our global practices to better serve our clients’ evolving needs.

Our City office continues to positively contribute to the firm’s financial trajectory. We continue to build our reputation in London and strengthen our existing global practices with a series of strategic and prominent London hires, who have already delivered outstanding successes for our clients.

Critical to our success has been the strong fabric of our culture. We attract, retain and promote extraordinary talent; preeminent partners in their fields who are energetic, dynamic, and who share our commitment to our clients. We strive to excel in specialist areas and have concentrated our growth in London in practice specialisms that are accretive to our overall global strategy; these key practice areas include finance/structured credit, corporate M&A/real estate, restructuring, private/credit funds and private equity. Our dynamic and entrepreneurial work environment encourages our focus on building close client relationships and developing our talent in a diverse and inclusive way so we are seen as trusted advisors.

The London office plans to build on the blocks of success set down in recent years, continue growth in size, revenue, and per partner profits, and expand our reach in our core business areas with the strategic hire of exceptional partner talent. Our confidence in our London offering is reflected in the firm’s much-discussed move to the top floors on the elite new 100 Bishopsgate development in 2019, sharing the building with Jeffries, Royal Bank of Canada, and Freshfields.

DepartmentNameEmailTelephone
London Office Chair Arun Birlaarunbirla@paulhastings.com+44 (0) 20 3023 5176
PhotoNamePositionProfile
Ross  Anderson photo Ross AndersonRoss Anderson is a partner in the Global Finance practice at Paul…
Anu Balasubramanian photo Anu BalasubramanianAnu Balasubramanian is a corporate partner at Paul Hastings. She leads our private…
Roger Barron photo Roger BarronRoger Barron is a partner in the London office of Paul Hastings. Mr.…
Arun Birla photo Arun BirlaArun Birla is the chair of the London office of Paul Hastings and…
Jason Brooks photo Jason BrooksJason Brooks is a partner in the Structured Credit practice at Paul Hastings…
Steven Bryan photo Steven BryanSteven Bryan is a Partner in the London office of Paul Hastings. Mr.…
Konstantin Burkov photo Konstantin BurkovKonstantin Burkovis an associate in the London office of Paul Hastings. Mr.…
Tom Cartwright photo Tom CartwrightTom Cartwright is a partner in the Private Equity practice at Paul Hastings…
Rebecca Copcutt photo Rebecca CopcuttRebecca Copcutt is a partner in the Investigations and White Collar Defense…
Ted Craig photo Ted CraigTed Craig is a partner in the Private Investment Funds practice, and is…
Crispin Daly photo Crispin DalyCrispin Daly is an associate in the London office of Paul Hastings.
Kirsty Devine photo Kirsty DevineKirsty Devine is an associate in the Employment practice at Paul Hastings and…
Joanna Dimmock photo Joanna DimmockJoanna Dimmock is a partner in the Investigations and White Collar Defense…
Timothy Earle photo Timothy EarleTim Earle is an associate in the Structured Finance practice at Paul Hastings…
David Ereira photo David EreiraDavid Ereira is a partner in the Restructuring and Finance practice at Paul…
Miles Flynn photo Miles FlynnMiles Flynn is a partner in the Real Estate Department in the London…
Peter Hayes photo Peter HayesPeter Hayes is a Finance partner, based in the Firm’s London office. Peter…
Garrett Hayes photo Garrett HayesGarrett Hayes is a partner in the Corporate practice of the Paul Hastings…
Edward Holmes photo Edward HolmesEdward Holmes is a partner in the leveraged finance practice of Paul Hastings and…
Suzanne Horne photo Suzanne HorneSuzanne Horne is a partner and head of the International Employment practice of…
Abigail  Hung photo Abigail HungAbigail Hung is an associate in the Tax practice of Paul Hastings and…
Michael James photo Michael JamesMichael James is a partner in the Real Estate department of the Paul…
Derwin Jenkinson photo Derwin JenkinsonDerwin Jenkinson is a partner in the Energy and Infrastructure Finance practice, based…
Fred Kelly photo Fred KellyFred Kelly is an associate in the Investigations and White Collar Defense practice…
Max Kirchner photoDr Max KirchnerDr. Max Kirchner is a partner in the Securities and Capital Markets practice.…
Richard Kitchen photo Richard KitchenRichard Kitchen’s practice focuses on general banking, alternative credit and international acquisition and…
Alex Leitch photo Alex LeitchAlex Leitch is Head of the London Complex Litigation practice. Institutional clients and…
Luke McDougall photo Luke McDougallLuke McDougall is a partner in the Finance and Leveraged Finance practices at…
Edward Meadowcroft photo Edward MeadowcroftEdward Meadowcroft is an associate in the Real Estate practice of Paul Hastings…
Diala Minott photo Diala MinottDiala Minott is a Structured Credit partner in the London office of Paul…
Nina Moffatt photo Nina MoffattNina Moffatt is an associate in the London office of Paul Hastings.…
Victoria Morton photo Victoria MortonVictoria Morton is a partner in the London office of Paul Hastings.…
Stephen Nicolas photo Stephen NicolasStephen Nicolas is a partner in the corporate Real Estate practice of…
Mohamed Nurmohamed  photo Mohamed Nurmohamed Mo Nurmohamed is a co-chair of the Global Finance practice at Paul Hastings…
Ronan O'Sullivan photo Ronan O'SullivanRonan O’Sullivan is one of the Managing Partners of Paul Hastings. Prior to…
Christian Parker photo Christian ParkerChristian Parker is a Structured Credit partner in the London office of Paul…
Sarah Pearce photo Sarah PearceSarah Pearce is a Partner in the Privacy and Cyber Security Practice of…
Matthew Peters photo Matthew PetersMatthew Peters is an associate in the Real Estate practice of Paul…
Jonathan Pickworth photo Jonathan PickworthJonathan Pickworth is Head of the London Investigations and White Collar Defense practice.…
Matthew Poxon photo Matthew PoxonMatthew Poxon is a partner in the Corporate practice of Paul Hastings and is…
David Prowse photo David ProwseDavid Prowse is a partner in the corporate & practice of Paul Hastings…
Charles Roberts photo Charles RobertsCharles Roberts is a senior counsel in the Paul Hastings London office. He…
Cameron Saylor photo Cameron SaylorCameron Saylor is a partner in the Structured Credit practice at Paul Hastings…
Peter Schwartz photo Peter SchwartzPeter Schwartz is a partner in the Corporate practice of Paul Hastings. Mr.…
Paul Severs photo Paul SeversPaul Severs is a partner in the Finance and Securities and Capital Markets…
Michael Smith photo Michael SmithMichael Smith is a Structured Credit partner in the London office of Paul…
Arun Srivastava photo Arun SrivastavaArun Srivastava is a partner in the London office of Paul Hastings. He…
Jiten Tank photo Jiten TankJiten Tank is a Partner in the Tax practice of Paul Hastings and is based…
Sierra Taylor photo Sierra TaylorSierra Taylor is a partner in the real estate practice of Paul Hastings…
Duncan Woollard photo Duncan WoollardDuncan Woollard is a partner in the Private Funds practice at Paul Hastings…