The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Torys LLP

79 WELLINGTON STREET WEST, SUITE 3000, BOX 270, TD CENTRE, TORONTO, ONTARIO, CANADA
Tel:
Work +416 865 0040
Fax:
Fax +416 865 7380
Email:
Web:
www.torys.com
Calgary, Montreal, New York, Toronto

Canada

Banking and finance
Banking and finance - ranked: tier 2

Torys LLP

Among¬†Torys LLP‚Äôs key attributes, market sources draw particular attention to the firm's market-leading regulatory practice, which is spearheaded by financial services expert Blair Keefe, ‚Äėone of the the best in his field‚Äô. The group also continues to broaden its footprint on the transactional front, where it regularly links up with other key departments in the firm to provide a full-service offering to corporate borrowers and lenders. Up-and-coming partner¬†Tom Zverina¬†took the helm for a couple of very high-profile recent deals, including advising Mizuho Bank on the politically sensitive¬†‚ÄĒ and ultimately terminated ‚ÄĒ $2.6bn financing of the acquisition of US energy company Avista by Ontario-headquartered Hydro One. He also led the firm‚Äôs advice to Choice Properties REIT on the C$2.5bn financing of its acquisition¬†of Canadian Real Estate Investment Trust‚Äôs assets, which created Canada‚Äôs largest REIT, valued at approximately C$16bn. The national department also draws upon the expertise of Calgary-based Kevin Fougere¬†(noted as ‚Äėa¬†top pick for energy-related financings‚Äô), project finance specialist Jonathan Weisz,¬†and joint practice co-heads¬†Adam Delean¬†and¬†Amanda Balasubramanian. Named lawyers are based in Toronto unless otherwise stated.

Leading individuals

Adam Delean - Torys LLP

Blair Keefe - Torys LLP

Jonathan Weisz - Torys LLP

Kevin Fougere - Torys LLP

Next Generation Partners

Tom Zverina - Torys LLP

[back to top]

Cannabis
Cannabis - ranked: tier 2

Torys LLP

Torys LLP’s multi-disciplinary practice combines a top-tier corporate offering with strong expertise in food and drug regulation and life sciences. The firm advises a wide range of industry players, including blue-chip companies, licensed producers and start-ups, across the full cannabis ecosystem, with medical cannabis standing out as a particular strong suit. The practice group in jointly led from Toronto by Eileen McMahon, who chairs the intellectual property and food and drug regulatory practices, and life sciences head Cheryl Reicin.

[back to top]

Capital markets
Capital markets - ranked: tier 1

Torys LLP

2019 was another strong year for Torys LLP, which handled over 66 offerings and private placements, totalling over $21.4bn, during just the first six months of the year. On the issuer side, the firm's strong institutional relationships continue to pay dividends; most notably, it handled five offerings worth a combined C$2.3bn for Brookfield over the past year. It is also a top choice for other seasoned issuers, such as Manulife and Fairfax Financial. In addition, the firm is a regular fixture on manager-side matters, with several recent engagements by major investment banks such as CIBC World Markets, BMO Capital Markets and RBC Dominion Securities. The group is jointly led by Calgary’s Scott Cochlan and Toronto-based partners Rima Ramchandani and David Seville. Other key figures in Toronto include Glen Johnson, who handles the full spread of securities regulation, compliance and corporate finance matters, and standout senior associate Robbie Leibel.

Leading individuals

Glen Johnson - Torys LLP

Scott Cochlan - Torys LLP

Rising stars

Robbie Leibel - Torys LLP

[back to top]

Competition and antitrust
Competition and antitrust - ranked: tier 2

Torys LLP

Torys LLP continues to gain ground in the competition space, winning an increasing share of standalone merger reviews. Most notably for Parkland Fuel, which the team advised on its acquisition of 75% of the shares of Sol Investments; the client initially approached the firm for its regulatory expertise, before retaining the corporate group to advise on the transaction. Omar Wakil led the competition aspects of the Parkland deal and also handled the merger clearance reviews for Linde and Takeda Pharmaceutical. On the contentious front, competition litigation head Linda Plumpton is highly regarded for her experience across the full suite of investigations, class action defence and foreign investment matters. Dany Assaf, who co-chairs the department alongside Wakil, is also recommended. Named lawyers are based in Toronto.

Leading individuals

Linda Plumpton - Torys LLP

Omar Wakil - Torys LLP

[back to top]

Corporate and M&A
Corporate and M&A - ranked: tier 1

Torys LLP

Torys LLP‚Äôs close relationships with many of Canada‚Äôs most active acquisition funds and corporations, particularly Brookfield and leading Canadian pension funds, ensures that it is consistently engaged in headline corporate transactions. From its core offices in Toronto and Calgary ‚ÄĒ along with a smaller office in Montreal ‚ÄĒ the firm is active across the country, with its recent work for clients such as Quebec-based CDPQ and¬†British Columbia-based Canaccord Genuity demonstrating the scope of its national coverage. It also benefits from one of the broadest New York platforms among domestic firms, which provides capable support on both inbound and outbound deals. John Emanoilidis¬†co-leads the department and advises domestic and foreign acquirers, targets, special committees, selling shareholders and investment banks on complex M&A. Cornell Wright, who also co-heads the group, has recently led on some of the firm‚Äôs most high-profile corporate matters, including advising Thomson Reuters on its strategic partnership with Blackstone, which marked one of the largest private equity deals globally in 2018. Matthew Cockburn¬†is a top choice for private equity funds and has recently undertaken work for TorQuest Partners and¬†Clairvest Group.

Leading individuals

Cornell Wright - Torys LLP

John Emanoilidis - Torys LLP

Matthew Cockburn - Torys LLP

[back to top]

Dispute resolution
Dispute resolution: Ontario - ranked: tier 1

Torys LLP

Dispute resolution: Quebec - ranked: tier 4

Torys LLP

Best known for its dominant Ontario team, Torys LLP continues to gain ground in the Quebec market, where it represents major household name clients, including Air Canada and Canada Post. Christopher Richter, who maintains an extremely broad civil, corporate and commercial litigation practice, is a key contact in Montreal. In Toronto the team is particularly well known for class actions. Senior litigator Sheila Block has particular expertise in corporate, securities and IP disputes, litigation chair Linda Plumpton is sought after for competition litigation and class actions, and Patricia Jackson is also noted for her thriving class action defence practice. Up-and-coming partner Crawford Smith left to join Lax O'Sullivan Lisus Gottlieb LLP.

Leading individuals

Christopher Richter - Torys LLP

Linda Plumpton - Torys LLP

Patricia Jackson - Torys LLP

Sheila Block - Torys LLP

[back to top]

Energy and natural resources: mining
Energy and natural resources: mining - ranked: tier 3

Torys LLP

Torys LLP continues to thrive in the mining space, with a growing portfolio of clients including mining companies, finance houses and private equity investors. Historically strong in finance and securities, the mining group is best known for its expertise in complex streaming deals. Toronto-based transactions lawyers Michael Amm and Michael Pickersgill jointly lead the team.

[back to top]

Energy and natural resources: oil and gas
Energy and natural resources: oil and gas - ranked: tier 1

Torys LLP

Seven years on from its establishment in Calgary, Torys LLP climbs to the first tier on the back of its dominant transactional oil and gas practice. The firm has worked hard to increase its market share in a challenging market and has recently landed key roles on a slew of high-profile energy deals. Notably, the firm was selected to advise Enbridge on the C$4.3bn sale of its Canadian natural gas gathering and processing business to Brookfield Infrastructure Partners, which represented the largest Canadian private oil and gas deal of 2018. Group head Derek Flaman, who led the Enbridge deal, is highly regarded for corporate and commercial work. Chris Christopher is also recommended for oil and gas transactions, while Calgary managing partner Luigi Cusano is noted for regulatory matters.

Leading individuals

Chris Christopher - Torys LLP

Derek Flaman - Torys LLP

[back to top]

Energy and natural resources: power
Energy and natural resources: power - ranked: tier 1

Torys LLP

Torys LLP advises across the spectrum of power law, bringing together corporate, finance and regulatory expertise to provide a full-service sector offering. The group, which is equally adept at transactional and regulatory matters, also distinguishes itself through its experience advising all industry stakeholders, with developers, investors and generation, transmission and distribution companies all among its key clients. On the transactional side, Krista Hill is highly regarded for M&A and project development work. Also recommended are project finance expert Jonathan Weisz and Valerie Helbronner, who also focuses on project development. Charles Keizer is a key contact for administrative law and project development work. Named lawyers are based in Toronto.

Leading individuals

Charles Keizer - Torys LLP

Jonathan Weisz - Torys LLP

Krista Hill - Torys LLP

Valerie Helbronner - Torys LLP

[back to top]

Environment
Environment - ranked: tier 2

Torys LLP

Torys LLP houses a sophisticated environmental law group, with discrete offerings in deal support, litigation, project permitting, and regulatory and compliance matters. The firm’s top-tier electricity practice marks it as a popular choice for matters relating to the power and utilities spheres, though the team has proved its ability to act in any sector, with its recent experience also spanning the rail, mining, forestry and oil and gas industries. Dennis Mahony heads the group and has complementary expertise in health and safety, climate change and emissions trading. Also recommended are Tyson Dyck, who is noted for his leading climate change practice, and Michael Fortier, who focuses on environmental and indigenous law matters.

Leading individuals

Dennis Mahony - Torys LLP

Next Generation Partners

Michael Fortier - Torys LLP

Tyson Dyck - Torys LLP

[back to top]

Indigenous law
Indigenous law - ranked: tier 4

Torys LLP

The compact but effective group at Torys LLP handles consultation, and advises on project developments and contentious matters. Spearheaded from Toronto by litigator John Terry and power specialist Valerie Helbronner, the group also benefits from the experience of senior counsel Frank Iacobucci QC, who was formerly a justice of the Supreme Court.

[back to top]

Infrastructure and projects
Infrastructure and projects - ranked: tier 2

Torys LLP

Torys LLP houses an increasingly prominent infrastructure practice, which handles a broad range of PPP, project finance, procurement and secondary market transactions. The group is particularly valued for its ability to link up with the firm’s pre-eminent energy practice to advise on power, and oil and gas infrastructure. It also sets itself apart through a well-balanced client base, including local authorities, lenders and developers, both nationally and internationally. Mark Bain heads the PPP practice and has a strong track record of advising local authorities, including the Government of the Northwest Territories and the Government of Newfoundland and Labrador. Other key contacts include Daniel Ford, who is highly regarded for his experience in the health care and rail sectors, and project finance head Scott Kraag. Named lawyers are based in Toronto.

Leading individuals

Daniel Ford - Torys LLP

Mark Bain - Torys LLP

Scott Kraag - Torys LLP

[back to top]

Insurance
Insurance - ranked: tier 1

Torys LLP

Torys LLP’s highly regarded regulatory practice is matched by the firm’s top-tier offerings in litigation, and corporate and M&A, marking the group as a leader in all aspects of insurance law. On the non-contentious front, Blair Keefe is widely considered as a go-to expert in corporate and regulatory matters; he provides ongoing advice to Manulife and Sun Life Assurance Company of Canada on new products and services offerings. Jill McCutcheon is also rated for regulatory and transactional work and has notable experience in the property and casualty, life and reinsurance spheres. David Outerbridge leads the insurance litigation practice and is noted for his record in construction, energy, product liability and environmental claims; he recently represented Brewers Retail in a coverage dispute with its property insurer over environmental contamination. Named lawyers are based in Toronto.

Leading individuals

Blair Keefe - Torys LLP

Jill McCutcheon - Torys LLP

[back to top]

Intellectual property
Intellectual property - ranked: tier 3

Torys LLP

Torys LLP is particularly impressive in IP litigation, with recent engagements from Edwards LifeSciences, Alcon, Sanofi Aventis, Nova Chemicals and Pfizer. On the non-contentious front, the group is well versed in licensing matters and IP transactions, and draws upon the wider firm’s full-service offering to advise on regulatory, privacy and taxation-related issues. Led by patent specialist Eileen McMahon, the Toronto-based group includes IP litigator Andrew Shaughnessy, who handles both patent and trademark cases, and Andrew Bernstein, who also focuses on IP litigation. Also recommended is up-and-coming partner Edward Fan, who advises on the acquisition, enforcement and exploitation of IP.

Leading individuals

Andrew Bernstein - Torys LLP

Andrew Shaughnessy - Torys LLP

Eileen McMahon - Torys LLP

Next Generation Partners

Edward Fan - Torys LLP

[back to top]

International expertise
International expertise - ranked: tier 3

Torys LLP

Torys LLP is a top choice for outbound transactions, acting for an enviable institutional client base including active pension funds and multinational Canadian companies. In addition, the team is routinely engaged by foreign clients to advise on inbound M&A and corporate transactions. The firm’s international work is supported by a diverse New York platform, which provides strong skill sets in corporate, regulatory and contentious matters. Tara Mackay, who splits her time between New York and Toronto, is recognized for her top-notch projects expertise.

Leading individuals

Tara Mackay - Torys LLP

[back to top]

International trade
International trade - ranked: tier 4

Torys LLP

Torys LLP’s practice has a distinct focus on trade and investment disputes and also handles compliance and policy matters. Toronto-based John Terry is respected for his experience advising corporations and government entities on NAFTA and WTO matters.

[back to top]

Labour and employment
Labour and employment - ranked: tier 4

Torys LLP

Torys LLP’s group has a strong emphasis on contentious matters and benefits its ability to link up with its formidable class action defence practice. The firm has handled some of the most high-profile employment class actions brought in Canada, including its recent work for the Canadian Hockey League and Uber. Moreover, the team also has significant experience in labour relations, human rights and occupational health and safety. Names to note include counsel Darryl Hiscocks and employment litigation head Lisa Talbot, both of whom are based in Toronto.

[back to top]

Pensions
Pensions - ranked: tier 1

Torys LLP

Torys LLP climbs a tier this year on the back of its growing profile in the administration space, which sees it routinely advise key clients such as Scotiabank and Navistar (as well as several major public sector pensions funds) on a litany of day-to-day pensions matters; however, the firm remains best known for its dominant investment offering. Complemented by its ability to draw on top-tier corporate expertise and premier institutional relationships, the group routinely advises Canada’s most active pension funds, including OMERS, on domestic and multi-jurisdictional M&A, joint venture and investment transactions. Mitch Frazer chairs the department and is recognized for his broad practice focus. Also recommended are Susan Nickerson and senior associate Tom Stevenson, who is currently chair of the Ontario Bar Association Pension and Benefits section. Named lawyers are based in Toronto.

Leading individuals

Mitch Frazer - Torys LLP

Susan Nickerson - Torys LLP

Rising stars

Tom Stevenson - Torys LLP

[back to top]

Public Procurement
Public Procurement - ranked: tier 3

Torys LLP

Torys LLP houses an increasingly active procurement practice, which regularly advises both private and public sector clients. The multi-disciplinary practice group has expertise across a wide range of industries, with recent highlight experience in health care, defence, technology and infrastructure projects. Energy and infrastructure specialist Philip Symmonds and corporate finance partner Thomas Yeo  jointly head the group from Toronto.

[back to top]

Real Estate
Real Estate - ranked: tier 2

Torys LLP

Torys LLP’s real estate team leverages the firm’s premier institutional relationships to specialize in advising pensions and private equity funds on major investment deals. Headed by David Dell, the team acts for key investors such as Canada Pension Plan Investment Board, Oxford Properties (wholly owned by Ontario Municipal Employees Retirement System) and Brookfield. The group is also well versed in property development, real estate finance and acquisition and sale transactions. Other names to note include Graham Rawlinson, who heads the dynamic senior housing practice, and counsel Andy Gibbons, who has an impressive record in energy and infrastructure-related matters.

Leading individuals

David Dell - Torys LLP

Next Generation Partners

Andy Gibbons - Torys LLP

[back to top]

Restructuring and insolvency
Restructuring and insolvency - ranked: tier 2

Torys LLP

Torys LLP’s close relationships with institutional clients see it regularly engaged in high-profile restructuring matters. In particular, the group dvised investors CPPIB and Fairfax Financial Holdings on several matters over the past year, including investment restructuring and distressed M&A. The group also routinely secures roles for insolvent companies, lenders and court-appointed monitors and receivers. National head Tony Demarinis has experience in restructurings, recapitalizations and distressed investments, and Scott Bomhof, whose clients include Nortel, First Capital Realty and CPPIB, is also recommended.

Leading individuals

Tony Demarinis - Torys LLP

[back to top]

Tax
Tax - ranked: tier 2

Torys LLP

Torys LLP’s first-class corporate and M&A practice generates a steady workflow of high-profile transactional tax matters. In particular, the team has notable expertise in advising pensions funds, financial institutions and energy corporations on big-ticket deals. Also fo note is the firm’s impressive cross-border capability and its ability to draw on its New York office for support in US-related work. Moreover, the team has recently advised outbound transactions involving Europe, Asia, Australia and South America. Toronto-based Corrado Cardarelli chairs the national tax practice and specializes in domestic and cross-border tax structuring. Other names in Toronto include Jerald Wortsman and tax litigation head Martha MacDonald.

Leading individuals

Corrado Cardarelli - Torys LLP

Jerald Wortsman - Torys LLP

[back to top]

Technology
Technology - ranked: tier 3

Torys LLP

Torys LLP’s technology group is regularly engaged by major Canadian banks to advise on fintech issues and regulatory compliance. In addition, the firm houses a strong public sector practice, which counts Payments Canada (the provider of Canada’s national payments systems) and the Workplace Safety and Insurance Board as key clients. The team is jointly headed by Adam Armstrong, who focuses on outsourcing and licensing transactions, and payments and cards specialist Joel Ramsey. Counsel Ebad Rahman, who specializes in technology contracting, outsourcing and sponsorship arrangements, is also recommended.

Next Generation Partners

Ebad Rahman - Torys LLP

[back to top]


Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to