Clifford Chance LLP > London, England > Firm Profile

Clifford Chance LLP
10 UPPER BANK STREET
LONDON
E14 5JJ
England

Corporate and commercial > Corporate tax Tier 1

Clifford Chance LLP displays a high level of expertise in handling M&A, real estate, funds and finance-related tax matters. Clients describe Dan Neidle as 'approachable and fiercely intelligent'; he heads up the tax group in London and has a broad financial institution taxation and tax disputes practice. Global head of tax, pensions and employment Chris Davies focuses on the tax elements of corporate and financing transactions, while Nick Mace and David Harkness advise on all tax-related matters across the full spectrum of corporate deals. Another key figure, Anthony Stewart, specialises in all matters related to investment funds, including international fund structuring work, carried interest and co-investment schemes and asset management M&A.

Practice head(s):

Dan Neidle

Other key lawyers:

Chris Davies; Nick Mace; David Harkness; Anthony Stewart; David Saleh; Laura Underhill; Jemma Dick

Testimonials

The Clifford Chance team work collaboratively in order to provide exceptional service. We have relied on their expertise on a number of potential tax litigation matters and in all areas, they have provided great technical and practical advice. They provide all around technical expertise, litigation strategy and handling advice. I particularly appreciate the fact that I can rely on all members of the team and they are all up to speed with the issues so I am not reliant on one individual.’

Dan Neidle – by far the most approachable and technically able tax law partner I have worked with. Approachable and fiercely intelligent.’

The CC team make themselves available regardless of position in the business, from trainee to partner, and are happy to go the extra mile to explain matters, especially when the clients that are engaging CC are not UK institutions who don’t understand / have much dealings with UK tax legislation.’

Chris Davies is a whizz on securitisations – client friendly and good at explaining tax points to non-tax specialists.’

Key clients

Telefónica

Intact Financial Corporation

HSBC

Partners Group

ICG Strategic Equity

Intermediate Capital Group plc

MasterCard

Macquarie

Cellnex

Chrysaor Holdings Limited

Nova Resources B.V.

Nielsen Holdings

Nuveen

Jupiter

WEX Inc

Brit Ltd

Mitsui Fudosan

Work highlights

  • Advised Telefónica on the signing of its 50:50 joint venture with Liberty Global to combine their UK operations, O2 and Virgin Media.
  • Advised ICG Strategic Equity, as the lead investor, in CapVest’s GP-led secondary transaction in respect of Curium Pharma.
  • Advised a consortium comprising GEPIF (BlackRock’s energy and infrastructure fund), its co-investor Mubadala, and WSIP (the Goldman Sachs infrastructure platform) on its recommended cash offer for Calisen plc.

Corporate and commercial > Equity capital markets – mid-large cap Tier 1

Clifford Chance LLP's standing in the market is reflected by the fact that it features in many of the largest and most complex IPOs and fundraisings in Europe. It is a first port of call for many issuers, sponsors and underwriters. Recent highlights included Simon Thomas advising a syndicate of banks (including Citigroup, Goldman Sachs and JP Morgan as joint global coordinators) on InPost's admission to listing and trading on Euronext Amsterdam; at the time of listing, this was the largest ever European tech IPO, the largest ever CEE IPO and the largest cross-border listing for an EMEA company in a decade. In another notable mandate, Christopher Roe led advice to a syndicate of banks on the €854m IPO and Euronext Amsterdam listing of CTP; this was the largest real estate IPO in Europe since 2014. Iain Hunter and US securities law expert John Connolly are other key partners in the team, which is led by Adrian Cartwright.

Practice head(s):

Adrian Cartwright

Testimonials

There are few firms in London who have the depth of bench of serious, highly credible partner expertise that CC has. Needless to say, they back this up with a highly credible, efficient and proactive bunch of associates who get the job done.’

Strength in depth – always confident that there are armies of equally talented and committed lawyers to draw on to get stuff done on time. Highly competent at associate level but partners readily available and prepared to “get their hands dirty“.’

Adrian Cartwright has such tremendous experience, including in many emerging markets, that nothing phases him and he remains calm and encouraging when facing seemingly intractable or sensitive problems. His manner remains assured and confidence inspiring in all situations and gracious and cooperative with other law firms. Simon Thomas – consummate professional. Arguably one of the top 3 UK capital markets partners in London. John Connolly – calm & thoughtful. Another reassuring presence – no ego.’

Key clients

THG Holdings plc

Allegro

Clayton, Dubilier & Rice

Goldman Sachs

Informa PLC

Energias de Portugal (EDP)

Mondelēz International

easyJet

HSBC

Morgan Stanley

JP Morgan

Citigroup

SDIC Power Holdings Co., Ltd.

UBS AG London Branch

Huatai Financial Holdings

Credit Suisse

KKR Capital Markets

Barclays

BofA Securities

Work highlights

  • Acted for THG Holdings plc on The Hut Group’s IPO. This was a landmark for the London tech sector, being the largest London e-commerce IPO to date and the largest UK IPO since 2015.
  • Advised Allegro.eu on its offering of 10.6 Billion PLN ($2.7bn) (including full exercise of the over-allotment option) and listing on the Warsaw Stock Exchange.
  • Advised Clayton, Dubilier & Rice, the US-based private investment firm, on its investment in LSE-listed SIG plc, a £2bn revenue distributor of specialist construction products across Europe.

Corporate and commercial > Financial services: contentious Tier 1

Clients appreciate that Clifford Chance LLP's team has 'huge strength in depth, great experience in actually fighting cases'. The group is regularly instructed on high-profile FCA and PRA investigations, with clients across the financial services sector, including banks, asset managers, insurance companies and funds. The group is ably led by Carlos Conceicao, whose main area of expertise are matters pertaining to investment and retail banking. Dorian Drew focuses on asset management-side work. Kelwin Nicholls is increasingly known for investigations in the cryptocurrency space. Oliver Pegden has experience in high court litigation, as well as regulatory enforcement issues. Samantha Ward sits in the technology group, but is regularly called upon by the team to act in cybersecurity issues. Senior associate Nicholas Grafton-Green has building a varied practice centring around financial crime, transaction reporting and operational resilience matters.

Practice head(s):

Carlos Conceicao

Other key lawyers:

Testimonials

The top all round team. huge strength in depth, great experience in actually fighting cases – not so common. Top individuals.’

Carlos Conceicao – widely respected (and rightly) as top of the tree in this area. Massive experience, sensible and calm presence, allied to running a great team.’

Broad range of skills and expertise.’

Michael Lyons has expert knowledge on sanctions issues, financial crime and fraud matters.’

Work highlights

  • Advising a fund solutions business in its capacity as authorised corporate director of a high-profile UK equity fund in relation to an FCA Enforcement investigation concerning the circumstances resulting in the fund’s suspension.
  • Acting for a former senior executive of a UK-based international bank in relation to a joint PRA and FCA investigation into whether prohibition proceedings should be commenced against our client, and other former senior executives, resulting from events that took place during and prior to the Global Financial Crisis.
  • Representing a former director and Senior Manager of a UK bank subject to enforcement investigation by the FCA and PRA in relation to a high profile IT failure.

Corporate and commercial > Financial services: non-contentious/regulatory Tier 1

At Clifford Chance LLP, the financial regulatory practice is closely linked to the firm's global offering, allowing it to provide multi-jurisdictional and cross-border advice to clients in their interactions with regulators, legislators and policymakers. Areas where the group was particularly active in 2020 are issues arising from the Covid response and Brexit, as well as IBOR transition. The team is notable for its public sector work, and practitioners advise the treasury and financial services compensation scheme, as well as overseas government bodies on various financial regulatory issues. Chris Bates takes the lead, and is an expert in the confluence between UK, EU and international regulations. Simon Crown is the main contact for asset management clients in relation to Brexit, while Caroline Meinertz is another key name for strategic Brexit advice, as well as sitting on the firm's financial markets strategy group; both are often supported by Caroline Dawson. Simon Gleeson is a recognised expert in financial markets law and regulation. Monica Sah, who has played a leading role in relation to a number of the firm's technological solutions, is an expert in fintech regulation. At the junior end, senior associates Diego Ballon Ossio and Stephanie Peacock are also lawyers to watch. In May 2021, the group was joined from Macfarlanes LLP by Paul Ellison, who brings with him expertise in the regulation of funds.

Practice head(s):

Chris Bates

Testimonials

The team is expert not just in the law, but also in understanding the financial services marketplace and the broad interaction between law and practice in this context.’

Chris Bates and Simon Gleeson are acknowledged senior leaders in their fields. Among the up and coming partners I would single out Caroline Dawson.’

Work highlights

  • Advising a blockchain solutions provider on the establishment of a new crypto-asset exchange. Involved since the early planning stages of this exchange, assisting with advice on the regulation of crypto- assets and crypto-asset exchanges in multiple jurisdictions.
  • Advised a number of large EU and non-EU financial institutions on the implications of Brexit.
  • Advised multiple industry associations and international banks on the scope and implementation of settlement discipline requirements under the EU Central Securities Depositories Regulation (“CSDR”).

Corporate and commercial > VAT and indirect tax Tier 1

Clifford Chance LLP's VAT and indirect tax team has a well-established presence in the market, with a strong client base that covers a wide range of sectors including real estate, financial services, telecoms and more. David Saleh heads the practice and advises on both the contentious and non-contentious sides of VAT and indirect tax. Saleh has a broad UK and international tax structuring practice and specialises in real estate tax. Director Simon Corzberg advises across the full spectrum of VAT and assists clients in various industries including real estate, finance, energy and charity. Senior associate Edward Page is also noted and advises on a range of corporate transactions including acquisitions and disposals, joint ventures and cross-border investments. Clients praise the team for its 'strong work ethic'.

Practice head(s):

David Saleh

Other key lawyers:

Testimonials

A large team of highly intelligent, capable lawyers with a strong work ethic.’

‘They have strength and depth and technical knowledge of VAT and indirect tax that is helpful for clients unfamiliar with the UK tax regime and structuring. They take the time to discuss issues, and then follow up with in-depth advice. They have the ability to conduct virtual meetings to share screens and provide more detailed analysis.’

‘David Saleh’s technical understanding of indirect tax and VAT is of an extremely high level. He makes himself available, takes the time to explain and find solutions, and has a proactive attitude to his work. His advice is clear, transparent and user friendly for those that aren’t familiar with UK tax.’

Key clients

Partners Group

NorthWest Healthcare Properties REIT

Nuveen Real Estate

Stanhope Plc

Hillwood Investment Properties

Mitsui Fudosan (UK) Limited

Bank of Scotland

Citibank

Union National Bank

Work highlights

  • Advised Partners Group, acting on behalf of its clients, on the acquisition of a portfolio of 27 light industrial properties in the UK from real estate investor Paloma Capital for £253m.
  • Advised NorthWest Healthcare Properties REIT on the asset acquisition of the freehold/long leasehold of six private hospitals across England for a consideration of £97.8m.
  • Advising Nuveen Real Estate as landlord on the letting of 13 floors, totalling more than 150,000 sq ft, at 70 St. Mary Axe to ten separate occupiers and delivering rents estimated in excess of £10,000,000 per annum in total.

Dispute resolution > Banking litigation: investment and retail Tier 1

Clifford Chance LLP‘s disputes team is highlighted as ‘a real powerhouse in the banking litigation field‘ with particular expertise in cross-border matters. ‘Master strategistIan Moulding leads the team and has experience across a full range of disputes, while the ‘superbHelen Carty is particularly active in defending misselling claims and advising on disputes relating to derivatives transactions. The ‘emormously experienced‘ team includes Matthew Newick, Roger Best and the ‘very impressiveKelwin Nicholls (who all combine a depth of litigation and investigations expertise); Christopher Yates , who has experience litigating in financial disputes in both Hong Kong and London, and Kate Scott, who counts regulatory follow on litigation and fintech disputes among her areas of specialism. Stephanie Huts was recently promoted to the partnership while the ‘superbMichael Gorrie and ‘star of the futureGuy Burkitt are among the senior associates to note. Simon Davis remains as a consultant at the practice. The group is complemented by the expertise of its contentious banking colleagues across the globe as well as transactional finance and capital markets specialists.

Practice head(s):

Ian Moulding

Testimonials

Market leaders in financial litigation.’

Ian Moulding: very experienced and knowledgeable. Manages an effective team. Good strategist.

Ian Moulding – very senior; seen it all; been in some of the biggest cases. Guy Burkitt (Associate) – a delight to work with; very acute; star of the future.

A real powerhouse in the banking litigation field, handling some of the most high profile and challenging disputes for large institutional clients.’

Kate Scott – responsive, great commercial awareness, excellent technical knowledge. Ian Moulding – runs a well managed and high functioning team, combines commercial knowledge with legal expertise giving meaningful and inciteful advice. Lindsay Bickerton – incredible attention to detail and in depth knowledge mean you know all options have been considered. Matthew Gorrie – superb lawyer, diligent and always on top of the detail.’

Enormously experienced and successful litigators involved in the biggest cases.’

Ian Moulding is a master strategist; he is always looking three steps ahead (and sometimes around corners). Supremely in control and level-headed, he also delegates appropriately, managing to be both hands-on and to avoid micromanaging – not an easy thing. Kelwin Nicholls is also very impressive, with deep industry knowledge and a calm and focused. Michael Gorrie is a stand-out associate. A great team player and a delight to work with, he has run the litigation on the day-to-day very efficiently. He is creative and hard working and a genuinely nice person (which is not always the case).

Helen Carty is superb.’

Key clients

Bank of America

BNP Paribas

Citi

Credit Suisse

Deutsche Bank

HSBC

ICBC Standard Bank

Standard Chartered

Morgan Stanley

RBS

Work highlights

  • Advising funds advisory business Link Fund Solutions  in its capacity as authorised corporate director of a high-profile UK equity fund in very significant group litigation threatened by retail investors under s.90 FSMA, COLL 4.2.4 and s.138D FSMA regarding the fund’s suspension and winding-up. The firm is also advising this client in relation to an FCA investigation concerning the same matters.
  • Defending Deutsche Bank in English High Court proceedings relating to historic base metals trading in China in circumstances where the relevant parcels of metal were allegedly the subject of a wide-scale fraud in warehouses in certain Chinese ports.
  • Defended Deutsche Bank and another financial institution in €400m claims brought by a Dutch social housing authority concerning derivatives transactions that were allegedly ultra vires and voidable due to bribery by an intermediary involved in the transactions.

Dispute resolution > Commercial litigation: premium Tier 1

Complimented for its 'blend of experience and specialism in complex international disputes', Clifford Chance LLP's 'sensational' commercial litigation team handles a full range of high-value disputes, often with a cross-border element. Jeremy Kosky leads the corporate and commercial litigation practice, while Julian Acratopulo (who is described as 'a marlin spike capable of disentangling the threads of the knottiest legal problems') heads the international commercial litigation group. With experience across a range of sectors, clients include global media organisations, technology, engineering companies and financial institutions. For the latter Helen Carty and Christopher Yates are key contacts, while for M&A disputes, Maxine Mossman is a name to note; Kelwin Nicholls and Claire Freeman are both experienced in disputes with a civil fraud angle, and the 'extraordinarily bright' senior associate Haafiz Suleman is highlighted for cybersecurity litigation. The group has continued to grow its partnership ranks with the promotions of Stephanie Huts and Christopher Ingham , who excel in insolvency and insurance disputes respectively.

Practice head(s):

Jeremy Kosky; Julian Acratopulo

Testimonials

Clifford Chance does not just talk its clients’ language, it taught them it.

The blend of experience and specialism in complex international disputes and their ability to grasp complex technical issues really sets this team apart from the rest. I found their approach to be highly pragmatic, focused on the important outcomes and they did not get distracted by irrelevant details.

Clifford Chance’s London commercial litigation practice is nothing short of sensational. It’s resources are seemingly limitless, and the breadth and quality of its expertise is awe-inspiring. There is literally no time, day or night, when the machine is not producing high quality work, and one is left in no doubt that you are their first and foremost client.

‘Julian Acratopulo is a stand-out individual. He is the perfect partner and the one that you want on your case. He is great at making strategic decisions and guiding the client. He also has a detailed understanding of the case. He knows what questions to ask and how to motivate his legal team to deliver a great result. Kelwin Nicholls is very clever, has outstanding expertise in banking and financial services matters and is completely calm even in the most pressured environments. He has incredible experience of how to handle the most complex matters. When others are losing their heads, he will not lose his.’

It was a pleasure to work with Matthew Scully, Anne Collins, Haafiz Suleman and their team. One of the most collaborative teams I have come across, they worked hard and communicated very well throughout the case, making it feel like we were one team. Professionally they showed a deep understanding of the technical facts of the case and were very reliable. They were also very approachable. Working together has been an enjoyable experience and I have no hesitation in recommending them to others.

Julian Acratopulo is a marlin spike capable of disentangling the threads of the knottiest legal problems and laying them before you with a clarity you will have never seen before. Angela Morris is too good for her own good, getting things done before anyone realised they needed to be done. Samantha Ward is the Dorothy Parker of commercial litigation whose wit enlivens those with whom she’s working no less than it terrifies her opponents.

‘Philip Hill : a truly exceptional litigator, with a superb mind and outstanding tactical nous. The first choice for many clients, and rightly so. James Cranston (senior associate): one of the finest associates in London; quite outstanding.’

‘Haafiz Suleman is a star individual, and will, without doubt, go far. He is extraordinarily bright, hard-working and always ‘on it.’ I am amazed how readily he is able to pick up particularly difficult, technical points of law and analysis, particularly in areas where he has no previous experience. He is an out and out litigator, and fights his client’s corner every step of the way.’

Key clients

Pfizer

Airbus

The Raytheon Company

Permira

Dr Mike Lynch

Talal El Makdessi

Richard Deitz – President, Founder and President of VR Capital

BT

Panasonic Europe B.V.

Serco Limited

News Group Newspapers Limited

General Electric Company

VB Football Assets

Cellcom Telecommunications Limited

NEX Group Limited

United Luck Group Holdings Limited

Jagex Limited

Nordic Trustee AS

Chrysaor

Helix Subco S.à r.l

Work highlights

  • Advising Mike Lynch in a civil fraud dispute  brought by Hewlett Packard which acquired Lynch’s software company in 2011 for $11bn but then later wrote down the value of their investment by more than $5bn and claimed $5bn for alleged financial impropriety and misrepresentation.
  • Defending BT in commercial claims against it by the administrators of Phones 4U which alleges alleges that BT owed it duties of good faith under their 3 year contract and breached those duties by refusing to renew the contract and by informing Phones 4U early that it would not renew.
  • Successfully defended Richard Deitz, founder and president of VR Capital, as one of a consortium of five defendants in a $50m English High Court action brought by a Yukos Oil subsidiary.

Dispute resolution > Public international law Tier 1

Clifford Chance LLP's credentials as a market-leader are reflected by the breadth and complexity of its work for states, international organisations, multinationals and individuals. Recent matters included treaty negotiations; human rights and investment treaty claims, and claims to self-governance by constituent territories within states. Other drivers of work include constitutional challenges, advice on policy compliance with WTO law, and trade and investment treaties. Rae Lindsay is an expert in international law, litigation, economic sanctions, and business and human rights. Jessica Gladstone is an expert in PIL and international disputes, business and human rights, and international trade and sanctions. Audley Sheppard QC is another key partner. At senior associate level, names to note are Anna KirkpatrickCarla LewisChristina SchuetzAnne Collins and Jeremy Stewart.

Practice head(s):

Rae Lindsay; Jessica Gladstone

Other key lawyers:

Testimonials

Excellent experience and expertise in all aspects of energy, infrastructure and investment arbitration.

Breadth of expertise in public international law and investment treaty arbitration, and great collaboration with industry experts.

An uncommon grasp of international organisations and their policy frameworks, and how they relate to equivalent frameworks for private sector entities and emerging issues in litigation and regulation.

One of the most well-staffed practices on the London dispute resolution market, with its PIL and DR teams coordinating well with other teams.

Audley Sheppard QC is particilarly impressive, with excellent oral and written advocacy skills and attention to detail.

Audley Sheppard QC is a leading figure, and one of the most respected individuals in the field.

Audley Sheppard QC is one of the most experienced and even-handed counsel in investment arbitration.

Jessica Gladstone is a star performer of the younger generation.

Key clients

United Nations

HMG

Standard Chartered Bank

Dr David Boyd, UN Special Rapporteur for Human Rights and the Environment

ITV

One Young World

IMS

Tantalum International

Pacific Wildcat Resources Corp

Cortec

Kingsgate Consolidated

Invenergy Renewable

Employment > Employee share schemes Tier 1

Clifford Chance LLP has a longstanding track record in advising on large scale transactions and is currently advising on timely issues such as Covid 19 remuneration and Environmental, Social, and Corporate Governance (ESG) data. The financial services sector is a particular area of focus, with a client roster including international names such as Standard Chartered Bank and Wells Fargo. Other sector areas of interest include energy, technology and insurance. Sonia Gilbert, an expert in global share plans and alternative remuneration structures, leads the team. She is particularly strong in advising FTSE 100 companies on their large and often multi-jurisdictional employment base. Andrew Patterson is a key name for the firm’s financial services sector work and is uniquely positioned due to his former role as head of incentives Law at Barclays.

Practice head(s):

Sonia Gilbert

Other key lawyers:

Testimonials

“The team has remarkable staying power in the market. At a time when there is a lot of churn of people, the CC team remains cohesive and collegiate. This is a key selling point as clients typically favour stability over having a new lawyer on their account every six months or so.’

‘It is also very partner led which contributes to that sense of stability. I work with Sonia Gilbert and Andrew Patterson. Both are very similar – maybe it’s a CC thing – in that both provide phenomenal client coverage and time commitment. No deadline seems too ridiculous for Sonia. Everything is measured, calm and responsive.’

‘Excellent team, who are practical and commercially focused.’

‘They take time to understand our perspective and to provide commercial advice.’

Finance > Acquisition finance Tier 1

Benefiting from an 'impressive depth of quality and expertise', both in  London and across its extensive array of international offices, Clifford Chance LLP excels in handling large cap cross-border acquisition finance mandates for a balanced mix of banks, financial sponsors and corporates. The breadth of client base and impressive deal flow ensures that the firm has 'good knowledge of the market and of the latest market developments', enabling it to provide often highly bespoke debt financing arrangements for its roster of clients. James Boswell  combines an 'excellent understanding of infrastructure finance', with a broader overarching leveraged finance sensibility, to produce 'creative solutions' on mandates at the intersection of infrastructure and leveraged finance. 'The extremely sharp' Emma Folds has a strong reputation among many leading banks, which are appreciative of her 'complete command of all of the detail and commercial considerations' on both sponsor-led leveraged, as well as investment grade-driven acquisition financings. The very experienced Charles Cochrane is also extremely well-regarded by banking clients and co-heads the overarching banking and finance team alongside the 'trustworthy' Taner Hassan, whose exclusively private equity sponsor-focused client base benefit from his ability to robustly protect their interests across an array of new money deals and Covid-related refinancings (portfolio management) throughout Europe, in particular. Regional managing partner Michael Bates still maintains a fairly active practice, particularly in the context of infrastructure finance, while at a more junior partner level, David Robson  has a flourishing practice advising lenders and debt advisers for public bid financing and leveraged M&A financing. Senior associate Julia House  is also recommended.

Practice head(s):

Charles Cochrane; Taner Hassan

Other key lawyers:

Michael Bates; James Boswell; Peter Dahlen; Emma Folds; Jim MacHale; David Robson; Nick Kinnersley; Thomas Critchley; Alexandra Dimsdale-Gill; Julia House

Testimonials

‘The firm has good knowledge of the market and of the latest market developments.’

I was extremely impressed by the depth of quality and expertise that the firm has.’

Taner Hassan is one of the most trustworthy lawyers out there.’

James Boswell’s excellent understanding of infrastructure finance enables him to propose creative solutions time and again, thereby minimizing time the transaction team has to spend on financing.’

Emma Folds is extremely sharp and in complete command of all of the detail and commercial considerations of complex legal considerations.’

Key clients

Cinven

Macquarie

HSBC

Maersk

Apera Capital

BAML

Morgan Stanley

NatWest

EQT

Telefonica

Work highlights

  • Advising the mandated lead arrangers in relation to the financing supporting the £6.8m acquisition of ASDA by TDR Capital and the Issa brothers.
  • Advising Telefonica on the financing supporting the £31bn merger of Telefonica’s subsidiary O2 with Liberty Global’s Virgin Media.
  • Advising Synlab (created by Cinven) on a €850m hybrid refinancing, with an innovative high yield note to term loan B conversion.

Finance > Bank lending: investment grade debt and syndicated loans Tier 1

Able to draw from a huge pool of talent based out of London, as well as across its international network of offices, Clifford Chance LLP is well-positioned to advise lenders and large corporate clients on syndicated cross-border lending transactions, both in terms of pan-European deals, as well as in the context of European borrowers syndicating in the US. The firm benefits from a 'good knowledge of the market and of latest market developments', enabling it to effectively advise clients on LIBOR transitioning and ESG financings, as well as to address the liquidity needs of corporates impacted by Covid-19. As well as her regular involvement for lenders on jumbo loan financings, the 'strong and pragmatic' Nicola Wherity, in her role as counsel to the Loan Market Association (LMA), has also been at the forefront of developments regarding the replacement of LIBOR. The 'extremely sharp' Emma Folds is a 'brilliant finance lawyer' whose broad finance practice includes a considerable amount of lender side investment grade syndicated financing work. Other recommended partners include David Robson, Nick Kinnersley and Charles Cochrane, who co-heads the firm's overarching banking and finance team alongside Taner Hassan.

Practice head(s):

Charles Cochrane; Taner Hassan

Other key lawyers:

Nicola Wherity; Emma Folds; David Robson; Peter Dahlen; Nick Kinnersley; Thomas Critchley; Alexandra Dimsdale-Gill; Julia House

Testimonials

I was extremely impressed at the depth of quality and expertise that the firm has.’

The work ethic of the team and ability to maintain good humour during difficult times makes it enjoyable to work with them.’

‘The firm has a good knowledge of the market and of latest market developments.’

Not necessarily unique, but in high pressured situations with tight timescales, Clifford Chance get the job done. Their reputation also helps in tough negotiations. Sometimes you pay for what you get!’

The firm has excellent technical knowledge, especially on Libor transition.’

Emma Folds is extremely sharp and in complete command of all of the detail and commercial considerations of complex legal considerations. She engenders trust very quickly and speaks with authority. Her marshalling and negotiation of the documentation is exceptional.’

Emma Folds is a brilliant finance lawyer – clarity of advice, clarity of thinking and clarity of execution. She is always approachable and always available to assist.’

‘The strong and pragmatic Nicola Wherity is a leading expert.’

Key clients

Cinven

Macquarie

HSBC

Maersk

Apera Capital

BAML

Morgan Stanley

NatWest

EQT

Telefonica

Work highlights

  • Advised the joint global coordinators and joint bookrunners in connection with a sustainability-linked loan €550m term loan facility and a €300m revolving credit facility for SIG Combibloc, the Swiss packaging group, as part of a €1.55bn debt refinancing.
  • Advised Danish integrated logistics company A.P. Moller Maersk on a sustainability linked revolving credit facility of $5bn, linked to its CO2 performance.
  • Advised the lenders in relation to the financing for the £6.8bn acquisition of Asda Group Limited, the supermarket retailer, by the Issa brothers and TDR Capital.

Finance > Corporate restructuring & insolvency Tier 1

Benefiting from 'great strength-in-depth', Clifford Chance LLP's six-partner team provides a 'perfect mix of legal expertise with commercial nous' on behalf of a balanced roster of creditor and debtor clients. Led out of London by Philip Hertz  - but also able to draw upon substantial global resources through the firm's vast international footprint - the team is particularly well-aligned to deliver 'high quality and insightful advice' on complex multi-jurisdictional mandates. This collaborative and multi-jurisdictional approach has recently manifested itself in a flurry of mandates for lessor clients as creditors in relation to aviation restructurings, work which Hertz has been heavily involved in alongside practitioners from the firm's market-leading asset finance offering. The 'outstanding' John MacLennan has also been core to a number of recent aviation restructurings (including for lessor AerCap on the high-profile restructuring of Virgin Atlantic Airways), as well as handling a steady diet of other restructuring/nsolvecy work for banks, bondholders and alternative investors, where he is appreciated for his 'ability to deliver commercial solutions that work'. Iain White has vast experience for debtors and creditors in restructurings as well as in a formal insolvency setting, and is a key member of a team that also includes David Towers, who excels at advising alternative lenders and the 'very technical' Melissa Coakley , who has been particularly active advising senior lenders in retail restructurings.

Practice head(s):

Philip Hertz

Other key lawyers:

Adrian Cohen; John MacLennan; Iain White; David Towers; Melissa Coakley; Seema Shukla; Tim Lees; Chris Norman

Testimonials

Great strength-in-depth and every possible area of expertise covered.’

Perfect mix of legal expertise with commercial nous.’

Very strong restructuring team across all levels – the partners are supported by very able junior and mid level team. Projects are well staffed with appropriate resources and very strong levels of partner engagement. Strong commitment to client delivery. Collaborative approach with advisors and provides confidence that the legal analysis will be high quality and insightful.’

‘The team displays the highest levels of expertise, an exemplary work ethic and efficiency and have a solid understanding of the underlying commercial and risk considerations on transactions. What sets them apart is their collaborative approach and ability to really listen to their clients’ needs and requests rather than just drive a standard process to deliver a technical outcome that works legally.’

‘The outstanding John MacLennan is calm, cool and collected and very technically capable with the appropriate amount of commercial overlay.’

John MacLennan – a true collaborative partner who is able to both explain the technical legal nuances in plain language and adapt to clients, while helping to deliver commercial solutions that work.’

Melissa Coakley is very technical and on top of the detail, while also retaining a pragmatic approach.’

Key clients

HSBC

Deutsche Bank

BNP Paribas

Credit Suisse

Natwest Markets/RBS

Abu Dhabi Commercial Bank

Lloyds

Barings

M&G

Davidson Kempner

Chrysoar/ Harbour Energy

Partners Group

Hemisphere International Properties B.V.

Nordic Aviation Corporation

Matalan Group

Codere

AerCap

Senior Official Receiver

Work highlights

  • Advised Codere on its financial restructuring which was implemented pursuant to an English scheme of arrangement.
  • Advising Nordic Aviation Capital, the world’s largest regional aircraft lessor, on the successful covenant waiver and debt maturity extension of approximately $6bn of its secured and unsecured debt implemented via an Irish law Scheme of Arrangement.
  • Advised the senior lessors, the senior lessor finance parties, and certain operating lessors in respect of the modifications to their leasing and finance documents in connection with the recapitalization of Virgin Atlantic Airways Limited, which was implemented in part through a restructuring plan promoted under Part 26A of the Companies Act 2006.

Finance > Debt capital markets Tier 1

Clifford Chance LLP handles the full spectrum of debt capital markets, including convertible and exchangeable bonds, regulatory capital issues, liability management transactions, sovereign issuance and Eurobonds. Simon Sinclair leads the practice, which has a wealth of partner talent. Clare Burgess is a standout partner for private placements and loans, with a particular focus on the infrastructure sector. She has advised on numerous project bonds and recently acted for Citigroup and HSBC in the $4bn debt offering by ADNOC's gas pipeline stakeholder Galaxy Pipeline Assets Bidco, though her work also spans green bonds. The 'incredibly knowledgeable, super-efficient' Paul Deakins handles a broad range of work including advising issuers and underwriters on convertible bonds and corporate hybrid securities. Veteran partner David Dunnigan has significant experience in the Nordic, CEE and Baltic regions, and in numerous emerging markets. Kate Vyvyan has been part of the firm's team advising HM Treasury on all aspects of its Gilt issuance programme since 2018, including the issuance of over £400bn of issuance since April 2020. The 'knowledgeable, smart, creative and seasoned' Deborah Zandstra leads the sovereign debt advisory practice. Former London managing partner David Bickerton was a key member of the practice for many years but has now retired from the firm to take up a senior role at the Department for Business, Energy and Industrial Strategy.

Practice head(s):

Simon Sinclair

Other key lawyers:

Testimonials

‘The team is very responsive and have a wealth of knowledge, particularly in relation to capital raising. There is a strong link between the DCM practice and regulatory team which is invaluable in terms of whole view advice of issues that arise.’

‘Andrew Coats is very hands on and provides practical advice, he is extremely competent at handling difficult negotiations with counterparties and finding a workable and commercial solution. His background and knowledge in relation to structured products is also invaluable in terms of navigating the changes to be implemented due to the move to risk free rates.’

‘Deborah Zandstra is the single best sovereign lawyer I have worked with in around 16 years in the industry. She is knowledgeable, smart, creative, and seasoned. She has a strong team and is our go-to-person for anything complex. Their work with MLAs/Supras is outstanding.’

‘Deborah Zandstra is an institution for anything sovereign, MLA, ESG. She has done the most complex and creative deals. She is outstanding!’

‘Paul Deakins is outstanding. Paul and his team provide the highest quality service in DCM. They properly and proactively advise their clients, something we don’t always see in others. Paul is incredibly knowledgeable, super-efficient, he unravels the complex and is very commercial. He is calm, measured and a joy to work with. We always come away feeling completely reassured.’

‘I have an incredibly strong and positive impression of CC, not only the DCM team in London but also the broader capital markets team across the various international offices. The standard is universally high. The team are well co-ordinated, bright and forward thinking. I find them consistently responsive and always looking to add value in their approach. Their commercial focus and ability to solve innovative issues is not something many firms can offer.’

‘Paul Deakins – my go to contact at CC. A fantastic partner and a very safe pair of hands. Runs transactions with efficiency and commercial insight with an extremely deep knowledge base and versatility. Able to distil the most complex of issues into digestible and solvable solutions. Always willing to go the extra mile for clients and adds value across every deal. Someone you want to have on speed dial.’

‘Simon Sinclair – a force to be reckoned with in the regulatory capital arena. Always knows more than the next person in the room. I value his advice and wisdom greatly. Strong leadership on extremely complex matters and offers commercially sound technical expertise. Well respected and regarded by the market and for good reason.’

Key clients

Centrus

RBC Capital Markets

Citigroup Global Markets Limited

HSBC Bank plc

Danske Bank

Credit Agricole CIB

DZ Bank

SEB

Energias de Portugal, S.A

Société Générale

ING

BNP Paribas

UniCredit

Santander

BBVA

SBB

Hitachi Capital

Barclays Bank PLC

UK Government (HM Treasury)

Goldman Sachs International

BofA Securities

Argentina Creditor Committee

Heimstaden Bostad AB

Work highlights

  • Supported European primary placement facility (eppf) S.A. and Centrus with the design and delivery of the new financing structure, which offers local authorities a ready-made debt issuance platform offered by a Luxembourg regulated and supervised entity and allows borrowers speed of access to international capital markets and a solution to historical issues faced when accessing the capital markets.
  • Advised Citigroup Global Markets Limited and HSBC Bank plc as joint global coordinators and joint bookrunners as part of a syndicate of 17 underwriting banks on ADNOC’s gas pipeline stakeholder Galaxy Pipeline Assets Bidco Limited’s issuance of $1.1bn 1.750% secured senior bonds due 2027, $1.5bn 2.625% senior secured bonds due 2036 and $1.3bn 3.250% senior secured bonds due 2040 (Dublin listed) to partially refinancing a bridge loan for purchasing 47.7% interest in ADNOC Gas Pipeline Assets LLC and its gas pipeline assets.
  • Advised Barclays on its consent solicitations to implement the transition away from Sterling and US-dollar LIBOR in respect of 12 series of their Securities comprising of floating rate and reset rate additional tier one and legacy instruments.

Finance > Derivatives and structured products Tier 1

Clifford Chance LLP has 'an excellent team, led by amazing partners who are very technical and have deep knowledge of the market and its regulatory aspects'. The firm has a deep bench of talent that includes market leaders in their fields. Practice had Paget Dare Bryan is 'excellent at managing clients and provides valuable technical insights'. Timothy Cleary is a market-leading adviser on synthetic securitisation, frequently acting for all the major UK and European banks, as well as banks in North America and Asia. Jessica Littlewood is the key partner for CLOs, while Andrew Coats is sought after for advice on repackaging programmes, derivatives, structured securities and retail-targeted securities offerings. Anne Drakeford's practice spans the full range of financial market products and transactional securities, and she is 'a technically excellent lawyer who shines through in the negotiations'. Faizal Khan is notable for his knowledge of US GAAP and IFRS off-balance sheet arrangements and other types of risk transfer products, and Will Winterton specialises in derivatives and structured capital markets work, as well as advising on counterparty risk management, margin and clearing.

Practice head(s):

Paget Dare Bryan

Testimonials

‘Will Winterton provides an excellent service to us. He know our business well, understands our requirements, and generally finds us a strong commercial solution that protects our legal interests. He has previously partnered with us on bespoke trading documentation suites, which enable significant efficiencies across our capabilities across counterparties for our derivatives and repo books of business, which has allowed us to spend more time looking at innovative and value-add products for our clients.’

‘Will Winterton has generally acted as quarterback to deliver a structured solution for us across a global landscape, which has saved us time and money in terms of understanding, and negotiations.’

‘An excellent team, lead by amazing partners very technical.’

‘Deep knowledge of market and regulatory aspects.’

‘Paget Dare Bryan is excellent at managing clients, staying ahead of their needs and both managing and meeting their expectations. Provides valuable technical insights but not afraid to bring in other expertise when required.’

‘The Clifford Chance derivatives team supported us on the derivatives aspects of the L&G/ReAssure Part VII. The team was very knowledgeable and helped to guide us through some complex issues.’

‘We worked closely with Anne Drakeford and Michael Brown. They are both technically excellent lawyers, and that shone through in the negotiations.’

Finance > Securitisation Tier 1

'The team has both a great depth of knowledge but also great pragmatism in applying it and advises very much through a "real world" lens', remark clients of Clifford Chance LLP. The firm has an impressive track record of market firsts and has played a key role in developing the securitisation over the years, and it remains involved in major structured finance and securitisation transactions. Among these is its work on a next-generation programmatic RMBS structure for HSBC and Lloyds Bank, and its work for Morgan Stanley on the first fully broadly syndicated RMBS since the outbreak of the Covid-19 crisis, which was backed by UK buy-to-let assets. Key partner Christopher Walsh led that transaction. Practice head Kevin Ingram 'knows almost everything there is to know about securitisation'. Real estate finance partner Emma Matebalavu, structured debt partner Maggie Zhao and developing markets trade receivables specialist Simeon Radcliff also play pivotal roles in the practice. Adam Craig, who was promoted to partner in 2021, 'always makes sure to focus on the outcome'. Andrew Forryan retired.

Practice head(s):

Kevin Ingram

Other key lawyers:

Testimonials

‘The team has both a great depth of knowledge but also great pragmatism in applying it and advises very much through a “real world” lens. Advice is also tailored to the reader and so can be used for various internal postings and the like without losing people with too much legalese. The team is also very good at assisting with ad hoc queries and training and you really get a sense that they value the wider relationship. Also very good at updating on ongoing fee accruals and managing their efficiency within agreed caps.’

‘Kevin Ingram is fantastic. He knows almost everything there is to know about securitisation and yet discussions with him are always two-way – he never talks down to anyone. Adam Craig is also great – legal ability is taken as a given but he, like Kevin, always makes sure to focus on the outcome and see what he can do for his client/the transaction in the best practical manner possible.’

‘Market-leading thought, ideas, capability and bench depth.’

‘Chris Walsh gives true, clever, well thought out advice and opinions which work commercially and is available for us 24/7.’

‘The team is truly exceptional in its ability to innovate, accommodate and then close a deal.’

‘Senior associate Simon Connor has proved able to design complex securitisation solutions and design structures that accommodate the wishes of the clients while still complying with all necessary laws and regulations.’

Key clients

Morgan Stanley

Bank of America

Goldman Sachs

Apollo

HSBC

Natixis

Barclays

Elliott

Virgin Money

Blackstone

Work highlights

  • The firm devised the concept for, advised on, structured and developed the next generation programmatic RMBS structure. This was the first establishment of and issuance from this new structure and was nearly four times oversubscribed in a difficult market. The issuance priced at pre-pandemic levels indicating strong investor appetite for this new and innovative structure.
  • Advised Morgan Stanley on the acquisition of a portfolio of UK buy-to-let mortgages and on a new simultaneous UK buy-to-let RMBS, Tudor Rose Mortgages 2020-1, backed by a portfolio of loans originated by the UK arm of Indian lender Axis Bank. The deal is the first fully broadly syndicated RMBS since the outbreak of the Covid-19 crisis.
  • Advised Bank of America on an upsized underwritten CMBS £450m (from £393.3m), Taurus 2020-2 UK. The £518.3m underlying loan from which £450m is securitised, is secured on 285 predominantly last-mile logistics (68%) and industrial (23%) properties in the UK, with a total lettable area of 15.2m sq ft with a portfolio value of £914.2m.

Finance > Transport finance and leasing Tier 1

Benefiting from ‘deep resource levels‘ from London as well as across Europe, Asia and the US, Clifford Chance LLP is particularly well-suited to advising a  balanced array of stakeholders, including banks, funds, lessors, operators and ECAs, on large cross-jurisdictional deals across asset classes. The ‘versatile and solutions-focused‘ team head William Glaister is recognised as a ‘real guru of the aviation sector‘, as a result of his many years’ of experience in the space for banks and lessors in particular, across a myriad of transactions. Glaister is well-versed in handling mandates structured utilising purely commercial debt as well as in matters underwritten by ECAs; he recently represented UK Export Finance, the syndicate of commercial lenders and the facility agent on the £2bn UK Export Finance guaranteed five-year loan facility for British Airways. ‘Hardworking and fully committed to getting a deal across the line‘, Oliver Hipperson is particularly noted for his buy and sell-side loan portfolio work in the aviation and maritime sectors. The ‘smart, diligent and client-focusedRanbir Hunjan has an excellent reputation advising banks on aviation and rail finance transactions and is a key member of the team that also includes recently promoted partner Richard Evans, who is well regarded by borrowers and lenders for his aptitude at handling often highly structured aviation finance transactions.

Practice head(s):

William Glaister

Other key lawyers:

Ranbir Hunjan; Paul Carrington; Oliver Hipperson; Richard Evans; Chris Hardisty; Pete Buckley

Testimonials

The highly experienced aviation finance team is rightly very well regarded in the industry. A number of the lawyers have experience of prior secondment with aviation lessors and financiers, which provides them with a rounded knowledge of the issues, practicalities and perspectives of clients.’

The London-based aviation team has full visibility and a deep understanding of the aviation sector.’

Highly professional and with deep resource levels, the team is able to advise and execute on complex and time-pressured projects in a timely and efficient manner.’

A strong, well resourced team that is very able to take on multiple large cross-jurisdictional deals and provide comprehensive service globally.’

William Glaister is responsive, versatile, solution-focused and highly effective. He is a real “guru” in the aviation space!’

William Glaister and Oliver Hipperson offer excellent service and advice and have always made themselves available (often at short notice and at odd hours) on deals, as well as being key contacts to discuss market changes/trends.’

The hardworking Oliver Hipperson is fully committed to getting the deal across the line.’ 

Ranbir Hunjan is smart, diligent and client focused.’

Key clients

GE Capital Aviation Services

Investec

SMBC Aviation Capital

Deutsche Bank

Avolon

Maersk

Goshawk Aviation Limited

Rock Rail

GTLK

SMBC Leasing

Airborne Capital

Work highlights

  • Acting for UKEF, the lending syndicate and the agent on UKEF’s £2bn supported facility for British Airways.
  • Advised SMBC Aviation Capital in relation to the sale and leaseback of six A320neo aircraft to easyJet.
  • Advised the agent and lenders in respect of the drawdown of a $500m secured revolving credit facility in connection with 26 Airbus A320 aircraft.

Industry focus > TMT Tier 1

Clifford Chance LLP's 'clever, slick and hardworking team' is at the forefront of major developments in the TMT sector, advising clients on significant competition issues, digital infrastructure projects and the development of cutting edge technology, including blockchain and AI. André Duminy is highly regarded for his expertise in outsourcing, M&A, carve out and separation projects in the technology sector; he is also very active in fintech and insurtech matters, including investments and funding rounds. Jennifer Mbaluto stands out for her role in numerous major TMT corporate transactions and commercial arrangements; she recently worked alongside several partners to assist Telefónica with its joint venture with Liberty Global to merge O2 and Virgin Media, with an estimated cost of £31bn. Kate Scott and Samantha Ward both attract praise for their strong expertise in contentious matters encompassing data breaches, cyber fraud work, competition issues and cartel investigations. Simon Persoff joined from DLA Piper in September 2020 and senior associate Mark Fisher joined from CMS in May 2020. In mid-2021, Jenine Hulsmann departed to Weil, Gotshal & Manges (London) LLP.

Practice head(s):

André Duminy

Testimonials

‘The Clifford Chance TMT team is very experienced and has a deep knowledge of the industry.’

‘André Duminy is quick and sharp in understanding the issues at hand and has a very commercial and constructive approach.’

‘A very clever, slick and hard-working team who are a pleasure to work with.’

Key clients

Africell

Allegro

Cellnex Telecom

Delivery Hero

EE

Epic Games

G.Network Communications

ITV

LZ Labs

NBC Universal / Comcast

News Group

Panasonic

Sitecore

Spotify

Telefonica

Tencent

The Hut Group

Volvo Cars

WEX Inc

Work highlights

  • Advising Telefónica on its 50:50 joint venture with Liberty Global to combine their UK operations O2 and Virgin Media, in a deal valued at £31bn.
  • Advising Cellnex Telecom, Europe’s leading operator of wireless telecoms and broadcasting infrastructures, on the acquisition of the European telecoms tower assets of CK Hutchison Holdings for €10bn.
  • Advising The Hut Group on its IPO on the London Stock Exchange, which raised £1.88bn and valued the business at £5.4bn.

Insurance > Insurance: corporate and regulatory Tier 1

Clifford Chance LLP is a go-to for many of the leading names in the insurance industry, with the firm having an enviable reputation in groundbreaking and complex M&A, group restructurings and reinsurance transactions. Also notable is that the firm has played a major role in the development of the UK as a key location for ILS, having acted on a number of transactions in this space. In addition, it is at the forefront of key initiatives that are a response to political, regulatory and market challenges. The London office is the focal point of the firm’s international insurance offering, with Katherine Coates acting as global practice head. She is ably supported by deputy global co-heads Ashley Prebble and Hilary Evenett. Clients also benefit from the expertise of Narind Singh and Cheng Li Yow.

Practice head(s):

Katherine Coates; Ashley Prebble; Hilary Evenett

Other key lawyers:

Narind Singh; Cheng Li Yow; Imogen Ainsworth

Testimonials

Strong all round skill in depth both corporate and insurance including the vagaries of Lloyd’s. Great problem solvers and people who make deals happen.’

High quality practice in London – excellent, market-leading advice, but also a client-focused approach to fees, willing to work with a value-based mindset. Their team is modern and diverse.’

Narind Singh is exceptional, with an outstanding ability to translate his market-leading experience and knowledge into concise, commercial advice. In negotiation he has the ability to remain friendly and personable, but extremely sharp and laser-focused on key commercials for his client.’

The Clifford Chance insurance corporate team are second to none. A wonderful group of intelligent, motivated, dedicated and expert professionals. The CC team (led by Ashley Prebble) are available at a moment’s notice. They constantly deliver a first class service. When you have Ashley advising, you sleep much better at night.’

I work primarily with Hilary Evenett and her team. Hilary’s knowledge of and experience with insurance transactional and regulatory matters are unmatched. She has the right instincts and her advice is always spot on. You feel you’re in good hands if you’re represented by her and her team.’

Our main contact was Narind Singh, who is technically excellent and very pragmatic.

Katherine Coates brings a wealth of experience to the role and exercises a high level of business judgement in unusual situations. Cheng Li Yow is a very capable and thoughtful up and coming partner in the practice.’

Cheng Li Yow – approachable, friendly. Katherine Coates – well connected, knowledgeable.

Key clients

Admiral Group plc

Inigo Limited

Domestic & General Insurance PLC

Police Mutual Assurance Society Limited

The Prudential Insurance Company of America

Intact Financial Corporation

Swiss Re

Brit Limited

SCOR

Liverpool Victoria Financial Services Limited (LV=)

The Society of Lloyd’s

Legal & General Assurance Society Limited

Cinven

Work highlights

  • Advised Liverpool Victoria Financial Services Limited on its £530m demutualisation and sale to Bain Capital.
  • Advised Admiral on the sale of its price comparison businesses.
  • Advised Inigo on its capital raise of approximately $800m and securing the approval of Lloyd’s to establish the underwriting platform.

Investment fund formation and management > Fund finance Tier 1

Clifford Chance LLP operates across the fund finance market, advising high-profile sponsor and lender clients on a wide array of financing transactions, including subscription and capital call facilities, NAV and hybrid arrangements, and innovative ESG-focused financings. Clients include buyout funds and institutional asset managers, international investment banks, and other financial institutions. Andrew Husdan is sought after by sponsors and lenders, handling traditional and innovative loan facilities, including debt financing and insurance/pension fund matters. He co-heads the practice with Nicola Wherity, who has strong expertise in lending and securitisation, alongside a consistent ESG financing practice. In addition, she has a strong profile in regulatory issues, including LIBOR replacement.

Practice head(s):

Andrew Husdan; Nicola Wherity

Testimonials

Very knowledgeable and innovative in seeking client-friendly solutions.

Nicola Wherity was outstanding. An expert in her field, yet makes the issues seem straightforward and manageable. Very responsive, fast and efficient. The client’s attention is directed to wards the key issues. When dealing with the other side she is calm and considerate yet stands her ground and is a force to be reckoned with.

Ability to provide advice and deal execution on bespoke complex transactions with good adherence to budget and delivery timescales. Very strong knowledge of the sector/market and able to draw on that experience to tailor solutions to problems.

Very reliable execution partner for financing transactions with good communication throughout and ability to adapt quickly to changing conditions. Background knowledge of lender’s requirements plus wider market experience means they can quickly deal with most curve balls and any referrals for decisions are always well thought-through.

Key clients

Permira

ICG

Wells Fargo

Nordea

BC Partners

NAB

Bridgepoint

State Street

UOB

Actis

Rothschild & Co

M&G

Stirling Capital

Capital Dynamics

Mercer

Investment fund formation and management > Real estate funds Tier 1

Clifford Chance LLP handles large-scale fund formation mandates for top institutional fund managers, including equity and debt funds, and has further expanded its share of open-ended vehicles, handling fund structuring, regulatory issues and downstream investments. The team is led by the vastly experienced Nigel Hatfield, who is a trusted adviser to many high-profile fund clients on routine fund formations, alongside innovative structures, such as funds of funds, and investor-side work. Gerard Saviola is noted for his cross-border work and expertise in real estate debt funds. Alexander Chester advises on blind pool funds, secondary transactions and GP-led restructurings. Senior associate Lily Marcel plays a key role in investor and sponsor-side mandates, including fund formations and investments. Another name to note is Jonathan Bray, who was promoted to partner in early 2021.

Practice head(s):

Nigel Hatfield

Testimonials

Excellent partners and London team. Very responsive and on top of the market.’

Alex Chester – a great lawyer providing honest advice.’

Key clients

Macquarie GLL

DRC Capital

BentallGreenOak

M&G Investment Management

Hillwood Investment Properties

CBRE Global Investors

Work highlights

  • Advising M&G Investment Management on the continued fundraising of their flagship real estate debt funds.
  • Advising DRC Capital on its full range of real estate debt products.
  • Advising Macquarie Infrastructure and Real Assets on its European real estate fund mandates.

Private client > Contentious trusts and probate Tier 1

Clifford Chance LLP has a wealth of experience of advising clients on the most high-value and complex disputes, frequently involving multiple jurisdictions both onshore and offshore. It acts for a variety of institutional and individual clients and regularly works with leading offshore firms. Head of department Jeremy Kosky has significant experience in the big-ticket trust litigation. Maxine Mossman has extensive trust disputes experience in England, Jersey, Guernsey , Cayman and the BVI. Nicole Buncher has particular expertise in onshore and offshore trust litigation, as well as trust restructuring and court-approved variations. The team is well regarded for its work on claims relating to family trusts, inheritance and divorce, in addition to shareholder disputes in family companies. Its 'offering exudes quality, strength in depth and exceptional resourcing power. Matters are handled seamlessly at any time of day or night'.

Practice head(s):

Jeremy Kosky

Other key lawyers:

Maxime Mossman; Nicole Buncher; Laura Hasson; Charles Joseph

Testimonials

It is obviously a massive firm, but its contentious trusts team remains refreshingly “un-corporate” and highly personable. Jeremy Kosky: the standout contentious trusts lawyer in London for big disputes with large amounts at stake. He is calm and un-phased when a new challenge or crisis descends on a case without warning. Nicole Buncher: very hardworking and bright, really impressive. Laura Hasson: super bright and has definitely made her mark in this area.’

Jeremy Kosky has been a stalwart at the firm for many years and has great depth of experience. Nicole Buncher is a great contributor to the team’s performance.’

It has a lot of experience particularly in cross-border/international cases and is very good at co-ordinating a large number of jurisdictions working together on one matter. Aside from the knowledge, the lawyers are also really personable and are always fully committed to getting a result for their client, they won’t give up. Jeremy Kosky – wealth of knowledge and experience, very much a trusted adviser. Nicole Buncher – very experienced and will absolutely fight her client’s cause, a pleasure to work with.’

Jeremy Kosky is a thoughtful litigator in big ticket litigation who always has an eye on the bigger picture and what is best for his client. Max Mossman is fantastic – approachable yet meticulous.’

Jeremy Kosky is a brilliant lawyer and litigator, with a capacity to understand different approaches to the same problem under different systems of law such as eg the civil law countries.’

‘In my rather long experience of trusts litigation, I have not come across a better or more effective team. Jeremy Kosky, the partner in charge of the team I know, has exceptional experience in this field, both nationally and internationally. One result of this is his exceptional knowledge of the lawyers to use in other offshore jurisdictions. On top of this, he is very “hands-on”: he immerses himself in the detail of the matter and his judgements are, as a result, of exceptional value. This attitude is reflected in those who work with and for him – Nicole Buncher and Laura Hasson. Each has, in my experience, exceptional attention to detail and exceptional legal knowledge. I expect that each will be appointed partners in the not very distant future. A younger member of the team whom I know is Charles Joseph: again, an excellent lawyer and an excellent and tireless detail person.’

‘The team has excellent resources and is willing and able to be available to clients whenever they need them and work hard at ensuring its clients are satisfied. Jeremy Kosky is particularly good with clients and is always keen to ensure that their expectations are met.’

‘Working with the firm as offshore counsel, the lawyers have been hugely supportive but equally respecting the local view and by no means seeking to take over. They truly know how to operate as a team for the benefit of clients. Their handling of cross-border issues, not only from a typical trust jurisdiction perspective but also the US angles stands them out from the crowd in my view. Jeremy brings a calm, knowledgeable air to matters and is clearly on top of not only the bigger picture issues but also takes the time to get into the detail. He has a wealth of experience on multi-jurisdictional matters and as an instructing onshore lawyer has been a pleasure to work with. Laura is also extremely efficient, switched on and keeps matters moving forward.’

Projects, energy and natural resources > Infrastructure Tier 1

Clifford Chance LLP has a wealth of experience in the infrastructure sector, advising on complex transactions across the full spectrum and lifecycle of infrastructure assets. The multidisciplinary team and global network provides full service and cross border expertise to a diverse range of clients, including financial investors, specialist infrastructure funds, pension funds, sovereign wealth funds, corporates, public authorities and lenders. The practice is active in many of the key infrastructure M&A and financing transactions in the market, an example being the firm’s advice to TPG and The Rise Fund on the acquisition of a portfolio of solar PV generation projects valued at £563.47m. Infrastructure financing specialist Michael Bates co-leads the team with Toby Parkinson, who focuses on infrastructure M&A.

Practice head(s):

Michael Bates; Toby Parkinson

Other key lawyers:

Clare Burgess; Michael Pearson; Charlotte Madden; James Boswell; Alex Dimsdale-Gill; Jonathan Dillon

Testimonials

‘Consistently reliable, responsive and solution-minded’

‘They take a commercial and professional approach to our interactions while at the same time building strong rapport and deeper personal connections.’

Key clients

Infracapital

Ontario Teachers’ Pension Plan

TPG Capital

IFM Investors

Macquarie Infrastructure and Real Assets

Arcus Infrastructure

Swiss Life Asset Management

EQT Infrastructure

3i

AMP Capital

Work highlights

  • Advised Arcus Infrastructure and José de Mello Group (“JdM”) on the joint sale of a combined 81.1% majority stake in Brisa Auto-Estradas de Portugal S.A. (“Brisa”).
  • Advised Ontario Teachers’ Pension Plan Board and KKR Infrastructure on the acquisition from First Sentier Investors of a 40% interest in Caruna Oy, one of the largest electricity distribution networks in Finland.
  • Advised MIRA in connection with c. EUR 1 billion term loan, capex and revolving credit facilities to finance the acquisition of Currenta, a chemical infrastructure park operator located in North Germany.

Projects, energy and natural resources > Oil and gas Tier 1

Clifford Chance LLP is a market leader in the oil and gas sector, handling big-ticket transactions for an impressive roster of clients including Shell and Equinor. The practice continues to be instructed on a range of international disputes, construction-related mandates, and transactional work. Jointly overseen by Graham Phillips and Alex Panayides, the team has a deep bench of experts and recently advised Adani group on its joint venture with Total to create one of India’s largest downstream energy partnerships; this was led by corporate contact David LewisJohn Wilkins has a focus on energy transition matters. Oil and gas disputes also feature in the caseload. For Africa focused mandates , Olamide Oladosu is the name to note. Global head of the energy and resources practice, Russell Wells is also a recommended contact , having more than three decades of experience acting in emerging markets matters.  Clare Burgess is well-regarded by peers.

Practice head(s):

Graham Phillips; Alex Panayides

Testimonials

‘Alex Panayides is outstanding. As good as they come. Excellent lawyer. Highly experienced in litigation/arbitration particularly in this sector. Phenomenal work rate. Very good in dealing with clients with counsel and a tough opponent if you are on the other side.’

‘Graham Phillips was involved in all critical strategic and tactical decisions, and very close during the detailed drafting.’

‘David Lewis is one of the most experienced and seasoned lawyers and I personally value his advice a lot. He is a true transaction counsel and helps drive consensus and solution.’

‘John Wilkins – progressive, knowledgeable and approachable. Excellent understanding of where energy sector crosses into government policy. ‘

‘I would recommend Clifford Chance to anyone for disputes. Top notch lawyers. Very hardworking and on top of the detail. Very commercially astute. Very pleasant to work with.’

‘The team is very high quality and met our requirements. They enabled us to close the largest acquisition we have ever done in just five days. In addition, we completed three strategic transactions with the team in the past six months. The key strength is to break down complex issues to simple points and accordingly assist in developing decision parameters around them. It is one of the highest quality teams in the region.’

Key clients

Shell

Equinor

ENGIE

Total

Chrysaor

Petroineos

ENI

Edison

Pharos Energy (previously SOCO International)

Kuwait National Petroleum

Sinopec

DNO

Gunvor

Adani Group

Oil Search

SOCAR

Work highlights

  • Advised Shell on a number of energy transition related matters over the past 12 months, including advising on its $12bn revolving credit facility (following a USD10bn facility agreed in December 2019).
  • Represented a prominent Oil & Gas client in three commercial arbitrations and related actions. London-based partners Rob Lambert and Alex Panayides jointly conducted the advocacy at all hearings.   ​​
  • London-based partners Graham Phillips and Steven Fox have recently advised Chrysaor, the UK’s leading independent North Sea oil and gas group, on the completion of its all share merger with Premier Oil plc through a reverse takeover, which included the reorganisation of Premier’s existing debt and cross-currency swaps.

Projects, energy and natural resources > Power (including electricity, nuclear and renewables) Tier 1

Clifford Chance LLP is highlighted by one client as the ‘top power law firm in the world’ and has notable expertise in African markets, handling major renewable energy transactions. Russell Wells is the global head of the energy and resources sector group, as well as co-heading the worldwide projects group, with notable experience in power and oil & gas. John Wilkins is joint head of the global nuclear group and has strength in the areas of nuclear power and hydrogen, while James Pay heads the global renewable energy team, advising on large offshore wind farm projects, and Clare Burgess is a key name for multi-sourced financings and refinancing. On the construction side, David Metzger co-heads the nuclear group alongside Wilkins, while other key names include Jeremy Connick who advises on power generation matters, and global power sector co-head Nicholas Hughes. Senior associate Anthony Santangeli is highlighted by clients for his energy transactional work.

Practice head(s):

Russell Wells

Testimonials

‘The Clifford Chance team is probably the top power law firm in the world and particularly for Africa. They get the highly complex, novel transactions done and have tremendous bench strength of high quality partner leaders to lend into transactions.’

‘An incredible bench of talented and personable lawyers who will always go the extra mile for their clients.’

‘Russell Wells – a consummate professional. An absolute pleasure to work with and a simply excellent lawyer.’

‘Anthony Santangeli – Very user friendly lawyer- excellent client interaction and transaction management skills and a very sound technical lawyer too.’

‘Jeremy Connick – the best lawyer on African power transactions in Europe.’

‘Creative and confident solutions provided in difficult circumstances, reflecting experience and insight. Key strengths include: innovation, experience, accessibility.’

‘The team always provides sound, solid advice with an appreciation of the wider commercial factors driving a transaction.’

‘James Pay remains a stalwart of the team, innovative and ever-evolving with the markets. Like his colleagues, John Wilkins and Jeremy Connick, James understands the needs of the client and their stakeholders and can present balanced, well reasoned advice with reference to relative risk and wider commercial drivers.’

Key clients

Shell

Actis LLP

ENGIE

Total

Orsted

IFC

Chrysaor

Globeleq Africa

ENI

Edison

Equinor

EDF

Global Infrastructure Partners

Climeworks

ScottishPower

Iberdrola

Partners Group

Work highlights

  • Advising Climeworks on the financing and development of two carbon dioxide direct air capture (DAC) projects in Iceland (i.e. removing C02 directly from the atmosphere to create negative emissions).
  • Advising TPG and the Rise Fund on the acquisition of an approximately 1GW global portfolio of solar projects from Trina Solar. The solar PV projects included in the transaction are operational, under construction or in late stage development nearing ready-to-build status across Spain, Chile, Colombia, and Mexico.
  • Advised Iberdrola on its agreement to acquire a majority stake in DP Energy’s 3 GW offshore wind pipeline in Ireland. This marks Iberdrola’s first offshore wind investment in Ireland and helps extend its global offshore wind pipeline to more than 30 GW.

Real estate > Commercial property: corporate occupiers Tier 1

Magic Circle firm Clifford Chance LLP which has a ‘a wealth of experience and best in class delivery’, is particularly active in the healthcare, logistics, industrial, office, data centre and telecoms sectors, also acting on an array of residential, multi-family and student housing projects. Adrian Levy serves as global head of real estate and focuses on cross-border corporate finance transactions while Mark Payne is adept in all facets of real estate, with a distinguished track record in representing sovereign wealth funds. Alis Pay is recognised as a ‘force within European real estate’, owing to her capacity for portfolio transactions which span the continent. Angela Kearns and Matt Taylor are key contacts on the corporate occupier front, where the team places emphasis on Central London headquarter transactions, including those linked to ongoing development projects and secondary market lettings. The development practice includes London practice head Nigel Howorth, an urban regeneration, infrastructure and energy project specialist, as well as the ‘best in classIan Painter; it provides a full-lifecycle service from initial acquisition, planning and rights of light through to financing, construction, disputes and leasing and thrives on a range of ventures including mixed-use, overstation and ground-up projects.

Practice head(s):

Nigel Howorth

Testimonials

‘Ian Painter is outstanding at getting to the commercial point without grandstanding on technical legal issues. He is a dealmaker and draws together the whole team to achieve a shared objective.’

There is no doubt that the Clifford Chance team excel at involving the client’s wider professional team, seeking and giving advice to achieve the best overall result for the client.’

‘A very cohesive property team with strength in depth and willing to do what is necessary to ensure client satisfaction through ensuring an efficient transaction and effective advice.’

‘Clifford Chance is one of the largest law firms in the world. However, their partners and colleagues act in a focused, professional manner, responding quickly to every situation and researching what is needed, almost like a niche firm. We have recommended them several times.’

‘When the work is challenging and complicated but of great commercial value, we choose the Clifford Chance team to deliver. The team are defined by their constant effort and diligence, combined with pragmatism and commercial advice.’

‘Ian Painter is tenacious, driven by value creation and tireless, the man you want in the trenches when the bullets are flying and the bombs are dropping. Best in class.’

‘The team is a safe pair of hands for heavy and complex transactions that require top to bottom engagement (from structuring to direct real estate) in a very coordinated way (they all speak to each other behind the scenes so the client interaction is seamless and thoughtful).’

‘Alis Pay is a force that really knows her European real estate and represents us in a way that both makes us look attractive but keeps us competitive. She is a great champion to us on a deal and keeps her diverse team fully aligned and always slick.’

Key clients

Apollo Global Management

Canary Wharf Group

Generali Real Estate

Helical plc

Legal & General

Mitsubishi Estate

Mitsui Fudosan

NorthWest Healthcare Properties REIT

Nuveen Real Estate

Sadler’s Wells

Work highlights

  • Advised on the letting of Farringdon East Crossrail over-station development to Chinese tech unicorn TikTok for use as its new European HQ.
  • Advised Legal & General on the regearing of the occupational interests and £300m acquisition of the Sanctuary Buildings in Victoria, London.
  • Acted for a Middle Eastern sovereign wealth fund on the pre-letting of their new London HQ in Mayfair.

Real estate > Commercial property: development Tier 1

Magic Circle firm Clifford Chance LLP which has a ‘a wealth of experience and best in class delivery’, is particularly active in the healthcare, logistics, industrial, office, data centre and telecoms sectors, also acting on an array of residential, multi-family and student housing projects. Adrian Levy serves as global head of real estate and focuses on cross-border corporate finance transactions while Mark Payne is adept in all facets of real estate, with a distinguished track record in representing sovereign wealth funds. Alis Pay is recognised as a ‘force within European real estate’, owing to her capacity for portfolio transactions which span the continent. Angela Kearns and Matt Taylor are key contacts on the corporate occupier front, where the team places emphasis on Central London headquarter transactions, including those linked to ongoing development projects and secondary market lettings. The development practice includes London practice head Nigel Howorth, an urban regeneration, infrastructure and energy project specialist, as well as the ‘best in classIan Painter; it provides a full-lifecycle service from initial acquisition, planning and rights of light through to financing, construction, disputes and leasing and thrives on a range of ventures including mixed-use, overstation and ground-up projects.

Practice head(s):

Nigel Howorth

Testimonials

‘Ian Painter is outstanding at getting to the commercial point without grandstanding on technical legal issues. He is a dealmaker and draws together the whole team to achieve a shared objective.’

There is no doubt that the Clifford Chance team excel at involving the client’s wider professional team, seeking and giving advice to achieve the best overall result for the client.’

‘A very cohesive property team with strength in depth and willing to do what is necessary to ensure client satisfaction through ensuring an efficient transaction and effective advice.’

‘Clifford Chance is one of the largest law firms in the world. However, their partners and colleagues act in a focused, professional manner, responding quickly to every situation and researching what is needed, almost like a niche firm. We have recommended them several times.’

‘When the work is challenging and complicated but of great commercial value, we choose the Clifford Chance team to deliver. The team are defined by their constant effort and diligence, combined with pragmatism and commercial advice.’

‘Ian Painter is tenacious, driven by value creation and tireless, the man you want in the trenches when the bullets are flying and the bombs are dropping. Best in class.’

‘The team is a safe pair of hands for heavy and complex transactions that require top to bottom engagement (from structuring to direct real estate) in a very coordinated way (they all speak to each other behind the scenes so the client interaction is seamless and thoughtful).’

‘Alis Pay is a force that really knows her European real estate and represents us in a way that both makes us look attractive but keeps us competitive. She is a great champion to us on a deal and keeps her diverse team fully aligned and always slick.’

Key clients

AIG Global Real Estate

Angelo Gordon

AshbyCapital

Battersea Power Station Development Company

Canary Wharf Group plc

Coin Street Community Builders

Corinthia Hotels

Country Garde

Helical plc

Hillwood

JTRE

Legal & General

Mitsubishi Estate

Mitsui Fudosan

Native Land

NorthWest Healthcare Properties REIT

Nuveen Real Estate

Sadler’s Wells

Work highlights

  • Advised Helical plc on the letting of Farringdon East Crossrail over-station development to Chinese tech unicorn TikTok for use as its new European HQ.
  • Continuing to advise longstanding client Canary Wharf Group plc on the development of the Canary Wharf Estate. Recent matters include advising on the development consents and complicated multi-building rights of light settlement relating to the redevelopment of 30 South Colonnade.
  • Advised the joint venture between US private equity investor Angelo Gordon and one of its operating partner in the UK, The Ridgeback Group, on the forward purchase of several high specification PRS schemes being developed in the UK.

Real estate > Construction: non-contentious Tier 1

The construction team at Clifford Chance LLP acts on behalf of developers, investors and contractors on a number of major construction projects. Its core focus is energy, advising on international traditional oil and gas infrastructure, nuclear, and complex domestic and international renewable projects. In addition, it continues to act on a number of well-known urban regeneration projects. David Metzger leads the practice, advising lenders, developers and contractors alike on complex, high-value projects. Also recommended are Caspian energy specialist Sandy Hall, urban renewal specialist Marianne Toghill, and Edward Bretherton, who leads the firm's growing practice for developers of clean hydrogen projects.

Practice head(s):

David Metzger

Testimonials

‘Sandy Hall is the best in the market. They are the go-to team for all procurement and wider construction matters.’

‘Clifford Chance has a great construction team comprising not only knowledgeable lawyers but lawyers with a deep understanding of the industry and our needs as the client. They are swift, available and ready to provide high-class legal advice within a short period of time.’

‘Sandy Hall, is a very attentive, extremely professional lawyer.’

‘knowledgeable and interactive. Willing to engage in all and any matters.’

‘Transparent and willing to engage. Not frightened to roll up the sleeves and get stuck in.’

‘A very strong team with in deep knowledge in construction in particular for project financing operations.’

‘Clifford Chance have indeed shown themselves to be one of the top-ranking legal firms suited for complex infrastructure and energy projects. They field pragmatic key specialists covering the legal and project financing aspects, utilise resources from different countries, cover the differences in the legal and permitting aspects between various countries, offer quick turnaround on open aspects and constructively discuss alternative solutions to non-standard issues.’

‘Marianne Toghill is vastly experienced, diligent, and possesses a good eye for detail without losing sight of the big picture, as well as an ability to provide invaluable input on strategy.’

Key clients

Battersea Project Land Company Limited

State Oil Company of Azerbaijan Republic (SOCAR)

Total SA

Native Land

Electricite de France (EDF) and EDF Energies Nouvelles (EDF EN)

AIG

Aldau

Compagnie Générale d’Hydroélectricité de Volobe (CGHV)

8 Rivers Capital LLC

Angelo Gordon

Total Renewables

Soladvent

GE

KNPC

Neoen SAS

Country Garden

JTRE

Helical plc

Wells Fargo

HSBC

EdF Renewables

Iberdrola

Baikal Mining Group

Globeleq

Gunvor Petroleum

Work highlights

  • Advising the developer of an oxy-fuel supercritical CO2 power plant in Teesside using state-of-the-art technology to generate energy from natural gas and capturing exhaust CO2.
  • Advising the developer of a nine-building urban regeneration project at Bankside, London, including multiple high-rise office, retail and residential properties.
  • Advising on the world’s largest green hydrogen value chain project, looking to deploy cost-effective green hydrogen across Western Europe and beyond.

Real estate > Environment Tier 1

The team at Clifford Chance LLP advises clients on regulatory issues that range from carbon offsetting to electronic waste and packaging regulations, as well as providing environmental guidance on large transactions and energy infrastructure projects. ESG matters are a new area of growth, as the team assists clients with reporting obligations and questions surrounding sustainable finance. Nigel Howorth leads the practice; he draws on broad expertise that includes international environmental law issues such as nuclear and transboundary environmental impacts, climate change and the Equator Principles. The firm aims to improve the diversity in its workforce and has launched new global and regional inclusion targets for female, LGBT+ and minority ethnicity lawyers.

Practice head(s):

Nigel Howorth

Other key lawyers:

Michael Coaxall; Kirsty Souter

Testimonials

‘Particular sector knowledge, for instance in the nuclear and wider energy sector, and general understanding of having worked on some of the biggest deals and issues for very large corporate firms.’

Nigel Howorth is supremely commercial and experienced at delivering in the largest deals and situations. Michael Coaxall has an encyclopaedic knowledge of the law and an eye for the new challenges on the horizon.’

Key clients

Official Receiver and Special Managers of British Steel

Horizon Nuclear Power

Galp Power, S.A.

UN Special Rapporteur for Human Rights and the Environment, Dr David Boyd

Partners Group

easyJet

Onex Partners Advisor UK LLP

Aviation Working Group

EQT

Global Infrastructure Partners

Work highlights

  • Advised Horizon Nuclear Power on the environmental and consenting aspects of a new nuclear power station in Wales.
  • Advising the Official Receiver and Special Managers of British Steel on the sale of the business and assets to Jingye Steel and Iron, following the high-profile insolvency of British Steel.
  • Acted pro bono for the Aviation Working Group (AWG) to develop an industry-wide carbon calculator that will enable financiers and lessors to measure and compare the carbon emissions of aircraft and portfolios.

Real estate > Property finance Tier 1

Clifford Chance LLP's London real estate finance team has wide-reaching expertise across both the UK and the globe. Andrew Carnegie leads the practice, with expertise in real estate finance and arrangements, insolvency, structured finance and securitisation. Jane Cheong Tung Sing focuses on senior, mezzanine and development financings within a pan-European framework, and Barry O’Shea is also strong on pan-European work, advising both lenders and borrowers. Emma Matebalavu is experienced in UK and European loan portfolio sales and financings, as well as advising on commercial mortgage-backed security (CMBS) transactions. In addition, Laura Smallcombe, who was promoted to partner in May 2021, is experienced in major UK and European deals and director Claire Fawcett is also a notable team member.

Practice head(s):

Andrew Carnegie

Other key lawyers:

Key clients

Bank of America Merrill Lynch

Apollo

Deutsche Bank

Goldman Sachs

Morgan Stanley

Blackstone

Wells Fargo

JP Morgan

Fortress Investment Group

Davidson Kempner

Work highlights

  • Advised Bank of America on the origination of a £518.3m senior loan facility and an underwritten CMBS of a £450m tranche of that senior loan facility, Taurus 2020-2 UK.
  • Advised HSBC and Bank of China (Hong Kong) Limited on the £600m financing of 20 Fenchurch Street in London.
  • Advised Deutsche Bank AG on the first social housing CMBS on the market.

Risk advisory > Corporate governance Tier 1

Clifford Chance LLP advises a considerable number of FTSE 100 corporates alongside major financial institutions on routine governance considerations such as annual reporting and AGMs, board-level and shareholder issues, and ESG considerations, which is a growing area of expertise. Also of note are the firm's contentious capabilities, led by co-head Luke Tolaini, including shareholder disputes, internal investigations, and crisis management work. The other leaders of the practice are David Pudge, who is a regular adviser to listed clients on high-level and sensitive board issues, including succession planning work, board effectiveness, and disclosure standards; and Daud Khan, who is focused on transactional and governance matters, with a leading role in the firm's international ESG practice. Steven Fox is a vastly experienced figure with a strong record in international board-level advice, while senior associate Alanna Hunter has played a key role in advising high-profile companies on conducting AGMs and meeting reporting obligations during Covid-19 lockdown conditions.

Practice head(s):

David Pudge; Daud Khan; Luke Tolaini

Other key lawyers:

Testimonials

I am able to rely 100% on this practice to deliver commercial legal advice of the highest quality on a timely basis.

David Pudge, our client partner, is outstanding. He has an excellent knowledge of our business and he has continued throughout the pandemic to be incredibly responsive to requests for help, delivering first-rate practical commercial advice, which is respected by our entire senior management team.

Very clear, practical advice.

Rae Lindsay is robust and Anna Kirkpatrick produces clear analysis. The team has an uncommon grasp of the rules and regulations of international organisations and how they can be contrasted with and informed by litigation and regulation trends, and equivalent frameworks in private companies.

Chris Yates has always been available to offer invaluable strategic advice which has been appropriately nuanced, measured, appropriate and highly effective.

Key clients

HSBC

Glencore

Informa

Serco

easyJet

Legal & General

Provident Financial

Pharos Energy

ITV

Meggitt

Virgin Money

Jupiter Fund Management

Devro

French Connection

Halfords

Work highlights

  • Advised easyJet on its commitment to be the first international airline to offset carbon emissions from fuel used on all of its domestic and international flights from November 2019.
  • Advised THG plc (formerly the Hut Group Limited) on its headline making IPO onto the standard listing segment of the UKLA’s Official List and the LSE’s main market in September 2020.
  • Advised both the Centre for Sport and IGF on its governance structure and operations.

TMT (technology, media and telecoms) > Fintech Tier 1

Clifford Chance LLP's presence in the fintech space sees it advise clients such as start-ups, large corporates and institutional banking clients. The fintech offering covers advice on a myriad of transactional, regulatory and contentious issues, with the firm drawing on strengths from a broad cross-section of departments. Clients count on the expertise of practitioners active in areas such as M&A, capital markets, dispute resolution, technology, data privacy, antitrust and cybersecurity, among others. The team has expert knowledge of developing technologies, such as blockchain, smart contracts and artificial intelligence (AI), making it well- placed to handle high-profile fintech mandates. Simon Crown, Jonathan Kewley and Kate Scott now jointly lead the group, following Peter Chapman's retirement. Monica Sah  is knowledgeable about a wide ambit of legal and regulatory issues shaping the fintech arena, particularly those concerning global financial institutions and disruptor blockchain providers; her expertise includes financial and crypto asset product structuring, as well as the regulation of crypto exchanges and custody under AMLD5. In 2020, Oliver Pegden  made partner, while Simon Persoff joined from DLA Piper. In May 2021, Paul Ellison joined from Macfarlanes LLP.

Practice head(s):

Simon Crown; Jonathan Kewley; Kate Scott

Testimonials

‘I have found them consistent and reliable, especially when it comes to urgent matters.’

Clifford Chance has a a strong team in Europe and benefits from regional offices that are extremely knowledgeable about the local laws and regulations. The team is able to collaborate across different countries in Europe while still leveraging local expertise effectively.

They are extremely knowledgeable about the cryptocurrency industry and the other players in this space, which means that they provide insightful and relevant advice rather than just repeating the legislation.’

Key clients

OKCoin

Bayes Fintech

Hi 55 Ventures Limited

Worldpay

HQLAx

MarketAxess

Citi

MasterCard

Corda Network Foundation Stichting

WEX Inc

Work highlights

  • Advising HQLAx and Deutsche Börse on their jointly developed distributed ledger technology (DLT) solution for frictionless collateral swaps in the securities lending market, enabling market participants to transfer ownership of securities seamlessly across disparate collateral pools at precise moments in time.
  • Advising on a high-profile tech payments dispute between a fintech start up and a multinational credit card issuer.
  • Advising a global bank on ethical issues regarding the use of data and artificial intelligence, including public policy, financial regulatory, data protection, data privacy and antitrust enforcement and civil litigation risks.

TMT (technology, media and telecoms) > IT and telecoms Tier 1

Clifford Chance LLP has market-leading expertise in major transactions in the telecoms sector, in addition to strength in competition litigation, global risk management, IP law and public listings involving IT companies. Highlights over the review period include advising Telefonica on the merger of O2 with Liberty Global's Virgin Media. Practice head André Duminy  focuses on M&A and carve out and separation projects in the technology sector; he is also active in fintech and insurtech matters, including investments and fundraising. Jennifer Mbaluto, who co-heads the firm's East Africa practice, specialises in advising clients investing in emerging technology companies.

Practice head(s):

Andre Duminy (Head of UK TMT Group)

Other key lawyers:

Testimonials

‘In the competition and telecom regulation field, the firm have a world class team led by outstanding partners and associates’ 

‘CC works as a single team worldwide. We have walked together through the biggest ever deal in the UK telecoms market. The team had lawyers from different offices and of different nationalities but we worked as a seamless team sharing objectives and working culture. The team is led by the outstanding partners and associates.’ 

Key clients

Africell

Allegro

Cellnex Telecom

Delivery Hero

EE

Epic Games

G.Network Communications

LZ Labs

Panasonic

Sitecore

Spotify

Telefonica

Tencent

The Hut Group

Volvo Cars

WEX Inc

Work highlights

  • Advising Telefónica on its 50:50 joint venture with Liberty Global to combine their UK operations O2 and Virgin Media, in a deal valued at £31 billion.
  • Advising Cellnex Telecom, Europe’s leading operator of wireless telecommunications and broadcasting infrastructures, on the acquisition of the European telecommunications tower assets of CK Hutchison Holdings for €10 billion.
  • Advising The Hut Group on its IPO on the London Stock Exchange, which raised £1.88 billion and valued the business at £5.4 billion.

Transport > Rail Tier 1

Clifford Chance LLP is a key advisor to rail infrastructure bodies, financiers, manufacturers, operators and suppliers involved in major rail projects. Its expertise extends to longstanding complex franchising matters and rolling stock procurements, as well as recent Covid-19 ERMA arrangements. Rail industry head Paul Carrington focuses on financing, leasing and sales, as well as structured finance. He works alongside Ranbir Hunjan, a rail asset finance and banking specialist, and senior associate Dominic Watts, an expert in rail finance. Additionally, Michael Pearson and associate Alain Dodds are key contact regarding rolling stock procurement.

Practice head(s):

Paul Carrington

Other key lawyers:

Testimonials

‘A very experienced team.’

Key clients

LGIM

Network Rail

Rock Rail

Aviva

Hitachi

The Royal Bank of Scotland

SMBC

ING

Lombard

EQT Infrastructure

Equitix

Work highlights

  • Advised Rock Rail on the Department for Transport’s major restructuring of the UK rail franchise system and on the implications of the proposed Emergency Recovery Measures Agreement (“ERMA”) and the post-ERMA Direct Awards on the existing franchise, leasing and financing arrangements in respect of the (i) Thameslink, Southern and Great Northern rail franchise, (ii) East Anglia rail franchise, (iii) South Western rail franchise, (iv) East Midlands rail franchise and (v) West Coast Partnership rail franchise.
  • Advised Rock Rail in relation to a further major variation to their Manufacture and Supply Agreement with Bombardier Transportation for rolling stock for South Western Railway.
  • Advised as international counsel to the prospective lending group to a consortium bidding for participation in the Tel Aviv Light Rail PPP in Israel. The tender process is being run by the NTA Metropolitan Mass Transit System Ltd.(the Tel Aviv local transit authority) and will cover the new Green Line and Purple Line which are significant expansions to the existing public transportation system in Tel Aviv.

Corporate and commercial > EU and competition Tier 2

The competition practice at Clifford Chance LLP is truly full service and provides some of the world's largest companies with advice on  multijurisdictional merger clearances, FDI filings, investigations and behavioural issues. Practice head Greg Olsen specialises in the financial services, fintech, consumer goods and media sectors, maintaining strong relationships with key clients in the market such as Mastercard. Beyond Olsen, the team has a strong bench of first-rate partners; Nelson Jung handles mergers in the technology sector and previoulsy served as director of mergers at the CMA, while Alex Nourry advises on UK and EU cartel and market investigations across a number of sectors. The team saw the departure of Jenine Hulsmann , who left in in June 2021,to join Weil, Gotshal & Manges (London) LLP to develop its European antitrust practice.

Practice head(s):

Greg Olsen

Other key lawyers:

Nelson Jung; Alex Nourry; Jennifer Storey

Testimonials

Jenny Storey is a newly made up partner. Super bright and very user friendly. Put her in front of a board on 5 minutes’ notice and she provided crystal clear guidance on a tricky issue to a board of non-English speakers.’

Key clients

Admiral Group plc

Amazon

Cellnex

Comcast / NBCUniversal

Delivery Hero

EE

Mastercard

Mondelez International

Telefonica

UK Government – Department of Health and Social Care

Work highlights

  • Advising Amazon on two active European Commission investigations regarding Amazon’s marketplace, as well as other Member State investigations.
  • Advising the Department of Health and Social Care on compliance with EU State aid rules and the new UK subsidy control regime in respect of the  NHS Track and Trace system.
  • Advising Mastercard on its €2.85bn  acquisition of Nets’ account-to-account  payments business.

Corporate and commercial > M&A: upper mid-market and premium deals, £500m+ Tier 2

An exceptional 12 months for Clifford Chance LLP has seen the magic circle firm advise on a series of blockbuster deals for some of the largest telecoms providers and financial services corporations in the world, including advising Telefonica on the O2/Virgin Media merger. Beyond these headline transactions, the team's cross-sector focus ensures that they are also sought out by leading domestic and international names across sectors including renewable energy, natural resources, and information technology. Co-practice head Melissa Fogarty has recently played a key role on high profile deals for clients in the TMT, agriculture, and consumer goods sectors, while David Pudge's highly agile M&A practice is underpinned by consumer goods sector expertise that sees him regularly advising major retailers. Tim Lewis has recently handled high-value takeover bids and take private offers for various financial institutions, while Steven Fox  has been engaged on Covid response mandates for multiple corporate clients, as well as on big-ticket transactional work. Gareth Camp co-heads the London healthcare and life sciences practice, working on numerous strategic transactions for some of the foremost pharmaceutical companies and public bodies in the sector. Katherine Moir is noted for cross-border public and private M&A.

Practice head(s):

Melissa Fogarty; Nigel Wellings

Other key lawyers:

Testimonials

‘The team stands out with its proactive approach, seamless project coordination internally as well as with other advisors and consultants, swift response time and broad coverage of all relevant legal areas. I would also stress the ability to allocate the right level of seniority at any given task.’

‘David Lewis is strong in negotiations; following the project closely without getting lost in the details; excellent in advising on key strategic objectives; very efficient in managing the project team in the background.’

‘Steven Fox is very down to earth, accessible and solution orientated.’

‘Tim Lewis – very commercial and tenacious for his clients.’

‘Lee Coney – Takeover Code expert and incisive thinker.’

‘It is a truly global law firm with different offices across the globe which work seamlessly together; a world class M&A practice: dedicated to get deals done, practical, creative when it comes to structuring of deals, but also always diligent and seeking solutions to resolve issues that inevitably come up in any deal.’

‘The team is very good, proactive and commercially focused.’

‘Highly integrated team, well-connected and very responsive.’

Key clients

Telefónica

Cellnex Telecom

Chrysaor Holdings Limited

Intact Financial Corporation

Nova Resources B.V.

Port & Free Zone World FZE

Nielsen Holdings plc

Jupiter Fund Management plc

Wex Inc.

HM Government

Work highlights

  • Advised Telefónica on its 50:50 joint venture with Liberty Global to combine O2 and Virgin Media.
  • Advised Cellnex Telecom on the acquisition of the European telecommunications tower assets of CK Hutchison Holdings.
  • Advised Chrysaor Holdings Limited on its proposed all share merger with Premier Oil plc by way of a reverse takeover.

Corporate and commercial > Private equity: transactions – high-value deals (£250m+) Tier 2

Clifford Chance LLP ‘s ‘outstanding‘ private equity practice remains one of the strongest teams in the City, advising buyout clients across the full lifecycle of work from fundraising through to initial acquisitions to exits. The practice is regularly involved in high profile take-privates and carve-outs, and is also active in the secondaries market. Jonny Myers leads the team and has close relationships with a number of prominent buyout houses; while Spencer Baylin focuses on emerging markets such as Africa. Simon Tinkler is adept at advising on highly technical transactions, such as private investment in public equity (Pipe) deals and secondary portfolio sales. Christopher Sullivan is another name to note.

Practice head(s):

Jonny Myers

Other key lawyers:

Spencer Baylin; Simon Tinkler; Christopher Sullivan; Charlotte Madden; Angharad Lewis; Oliver Marcuse; Shimin Lee

Testimonials

One of the few firms who don’t just look to transact at market terms, but take the time to fully understand the things that make their client unique. They provide a wraparound service combined with 24/7 availability.’

‘Jonny Myers and Spencer Baylin have unrivaled market know-how. They remain approachable and know how to get a deal done.’

‘Outstanding client service and experienced hands-on partners..’

‘Simon Tinkler, Jonny Myers and Charlotte Madden – great client focus, great experience, calm and great to work with.’

Key clients

Clayton, Dubilier & Rice

Cinven

Permira

Onex

Blackstone

CVC Capital Partners

Partners Group

EQT

Actis

KKR

Work highlights

  • Advised CD&R, the US-based private investment firm, on its investment in UK-listed SIG plc (“SIG”), a leading distributor of specialist building products in Europe
  • Advised Allegro on its PLN 44 billion (USD 11.2 billion) IPO, Warsaw Stock Exchange’s largest IPO to date.
  • Acted for Blackstone and the Offeror in the public takeover offer for NIBC Holding N.V, a Dutch bank listed on the Amsterdam Exchange

Crime, fraud and licensing > Fraud: civil Tier 2

The commercial dispute resolution practice of Clifford Chance LLP provides ‘all the might of a major international law firm with remarkable deftness of touch in its London team'. The firm combines expertise in fraud and asset tracing with an international team of regulatory investigations, enforcement and white-collar specialists to handle complex international fraud investigations. Experienced commercial litigator Matthew Scully leads the team that includes Kelwin Nicholls, who is advising Autonomy founder Mike Lynch against the high-profile allegations of financial impropriety and misrepresentation made by Hewlett Packard (HP), in relation to allegations of fraud arising out of the sale of Autonomy to HP.

Practice head(s):

Matthew Scully

Other key lawyers:

Testimonials

‘I think its one of the best practices in this sector in the world’.

‘I recommended them for work on two occasions very successfully. You get all the might of a major international law firm with remarkable deftness of touch in their London team’.

‘Top quality’.

Key clients

Dr Mike Lynch, Founder of Autonomy

Alexey Ananiev

Richard Deitz – President, Founder and President of VR Capital

Serco Group Plc

SP Hinduja by his litigation friend Vinoo Hinduja

Panasonic Europe B.V.

Cellcom Telecommunications Ltd

Apax Partners

Deutsche Bank

Work highlights

  • Representing Dr Lynch over a period of four years, culminating in a 9-month trial in the English High Court (and subsequently, extradition proceedings), in relation to allegations of fraud arising out of the sale of Autonomy to Hewlett Packard.
  • Represented Mr Ananiev in response to multiple freezing order applications by Russian investors in connection with English proceedings in respect of which the English Court found that it lacked jurisdiction, succeding in resisting the applications and obtaining indemnity costs.
  • Represented the founder and president of VR Capital, as one of a consortium of five defendants in an English High Court action brought by a Yukos Oil subsidiary, Yukos Finance B.V., and related entities (represented by CMS) in the aftermath of the much publicised and litigated bankruptcy of Yukos Oil.

Dispute resolution > Competition litigation Tier 2

Clifford Chance LLP has a well-established reputation in high-profile competition disputes, particularly in relation to follow-on damages actions and matters connected with the financial services sector. The team is able to draw on complementary expertise in areas such as as public law, criminal law, injunctions, regulatory investigations and technology. It has been increasingly active in recent years advising on abuse of dominance cases.  Practice head Elizabeth Morony has been representing Epic Games in a claim before the Competition Appeal Tribunal against Google in relation to the app distribution market. Senior associate Ben Jasper is 'a partner in all but name', according to a client.

Practice head(s):

Elizabeth Morony

Other key lawyers:

Samantha Ward; Luke Tolaini; Ben Jasper

Testimonials

The antitrust practice draws from CC’s great strengths in many commercial spheres and, as a UK practice, also from the strength of CC’s EU and European network, notably in tech matters in Brussels.’

Elizabeth Morony – highly experienced and seasoned practitioner leading the practice and very present on the international scene, notably through the IBA. Luke Tolaini, whose practice straddles antitrust and fraud in a highly original way.’

Clifford Chance have one of the top-tier competition litigation practices in London. They have a very unusual combination of a Tier 1 competition law practice coupled with a Tier 1 competition litigation practice. This, coupled with a first-class corporate practice, gives them an amazing client roster. They are particularly strong in competition litigation involving pharma, telecoms, and banking.’

Luke Tolaini is the stand-out name here. I would also mention Ben Jasper, who is a partner in all but name.’

Top competition litigators with strength across the team.

Key clients

EE

Epic Games

Pfizer Inc. and Pfizer Limited

Xellia and Alpharma LLC

Work highlights

  • Defending EE in a claim brought on behalf of the administrators of Phones 4 U for breaches of competition law and for breach of contract.
  • Acting for Epic Games in claims before the Competition Appeal Tribunal against Alphabet/Google, and Apple.
  • Representing Pfizer in relation to the CMA’s re-investigation in phenytoin.

Dispute resolution > International arbitration Tier 2

Representing many of the world's leading corporations and financial institutions, Clifford Chance LLP's London group has an 'outstanding reputation' for both high-value commercial and investment treaty arbitrations. Current LCIA board chair and 'standout arbitration partner' Audley Sheppard QC is global co-head of international arbitration; Rob Lambert is an internationally-recognised leading arbitration practitioner; Alex Panayides leads the firm's global dispute resolution practice for the oil and gas and construction sectors; and Marie Berard's work spans the energy, oil and gas, construction and finance industries. Jessica Gladstone is 'an up-and-coming partner', who focuses on public international law and disputes; and the strong senior associate pool features Christina Schuetz, Sachin Trikha and Eraldo d’Atri, as well as Anna Kirkpatrick and Sam Brown.

Practice head(s):

Audley Sheppard QC

Testimonials

The Clifford Chance arbitration team has an outstanding reputation, which is fully deserved.

Very polished and capable team across many jurisdictions.

They are obviously legally very able and hardworking, but are also very impressive in managing often demanding clients. I have been particularly impressed with their strategic judgement, and ability to sell the appropriate strategy to our clients.

Global in scope, co-ordinated across all jurisdictions and of consistent (high) quality across jurisdictions.

Huge experience and great sense of client focus.

Audley Sheppard QC is a standout arbitration partner, who has the confidence of clients, counsel and tribunals alike. He is particularly impressive in ensuring that the right points are pursued, and bringing the client on side with the proposed approach.

Jessica Gladstone is an up-and-coming partner, who is very persuasive both in writing and person, and will clearly go far.

Senior associate Eraldo d’Atri stands out for his exceptional litigation and arbitration knowledge.

Key clients

International Military Services

POSCO E&C

Invenergy Renewable

Kingsgate Consolidated

Tantalum International

Cortec Mining Kenya

Churchill Mining

Planet Mining Pty

Odebrecht Latinvest

Manchester Securities Corp (US)

Work highlights

  • Representing International Petroleum Investment Company and Aabar Investments PJS (Abu Dhabi government-owned entities), as claimants, in a consolidated LCIA arbitration against 1Malaysia Development Berhad (Malaysian sovereign wealth fund) and Minister of Finance (Incorporated) (Malaysia).
  • Representing a prominent private equity client in a Geneva-seated LCIA arbitration.

Dispute resolution > Tax litigation and investigations Tier 2

Clifford Chance LLP showcases expertise in handling complex international and cross-border tax investigations and litigation, including indirect and VAT disputes. Dan Neidle has a strong background in financial institution taxation and advises clients on a broad range of tax disputes and transactions. David Saleh acts for a large client base of multinational corporations and financial institutions. David Harkness has in-depth expertise advising on UK and international tax disputes.

Practice head(s):

Dan Neidle; David Saleh; David Harkness

Employment > Employers Tier 2

Clifford Chance LLP specialises in the employment considerations of major cross-border deals, ranging from high-value M&A to sweeping outsourcings. With strong foundations in the financial services and private equity and funds sectors, the group is also comfortable handling litigation, investigations and key advisory matters at the board level, namely the appointment and termination of senior executives and corporate governance issues. It is led by Mike Crossan, who brings a wealth of experience in SMCR issues, workplace conduct and culture investigations, data protection and privacy, and crisis management. Chinwe Odimba-Chapman and Alistair Woodland, meanwhile, both routinely advise on the employment elements of corporate deals. Promoted to partner in May 2021, Alastair Windass - an ‘exceptionally dependable’ lawyer noted for his ability to ‘keep abreast of multiple complex matters simultaneously’ - is another name to note.

Practice head(s):

Mike Crossan

Testimonials

Very experienced team with a good insight of market practice among other financial services firms. Highly responsive and commercial.’

Knowing the needs and expectations of their client and their stakeholders really well. Advice given is tailored.’

Mike Crossan is a great communicator and a safe pair of hands.’

Alastair Windass is exceptionally dependable. He is always confident and unflappable, clear in his legal advice, and able to keep abreast of multiple complex matters simultaneously.’

Strategic thinking is key: able to advise on strategic handling of matters, not just legal advice.

A standout partner is Alastair Windass – I have been working with him for about a decade – but everyone I interact with at Clifford Chance is excellent.’

Key clients

Telefónica

Blackstone

Chrysaor Holdings Limited

Jupiter Fund Management plc

Nuveen

WEX Inc

Cellnex Telecom

Connells

EQT

Vanguard

Ardian

International Automotive Group

Work highlights

  • Advising Nuveen on complex employment issues in the acquisition of Glennmont Partners.
  • Advising a leading global financial investor on employment issues arising out of a wide-ranging investigation into allegations raised by whistleblowers.
  • Carrying out a sensitive ethics and culture investigation for a major international bank regarding potential bullying and exclusion issues, following a whistleblowing incident.

Employment > Pensions (non-contentious) Tier 2

Association of Pension Lawyers' chair Hywel Robinson leads the Clifford Chance LLP  pensions offering. Relied on by big-name clients such as Telefonica and Legal & General, the team advises on a wide range of matters, including bulk purchase transactions, asset backed funding arrangements, and GMP equalisation. Recognised for her 'deep, technical knowledge' Clare Hoxey  advises on multi-billion pound defined benefit schemes and is the secretary to the APL investment sub-committee. Sarah McAleer also provides strategic advice to clients, particularly in buy-in and buy-out transactions, and also sits on the APL international sub-committee. The pensions practice is able to provide comprehensive and robust advice across practice areas to ensure clients the option of a 'full service' offering.

Practice head(s):

Hywel Robinson

Other key lawyers:

Testimonials

‘Long established pension team who are technically excellent and provide total confidence to their clients. They work to timescales and always deliver.’

‘Great technical capability combined with excellent commercial understanding.’

‘Clifford Chance have strong attention to detail and protect the interests of their clients well. They look to find a solution as opposed to simply answering the question raised.’

Key clients

Telefonica

Legal & General

Trustee of the Dairy Crest Group Pension Fund

Babcock International Group PLC

Melrose

Swiss Re

Trustee of a significant pensions scheme within the retail sector

Intact

LV=

Finance > High yield Tier 2

Clifford Chance LLP is one of the most prominent Magic Circle firms in the European high yield market, frequently advising on high-profile, first-of-a-kind, challenging and multi-faceted transactions. A prime example is its work for Synlab in a market-first non-distressed note-to-loan exchange offer and new issuance of €850m in senior secured notes, along with the redemption of $940m in senior secured notes. 'They simply get it and show true hustle, cross-border and product knowledge and are just strong human beings', say clients of practice head Michael Dakin and up-and-coming partner Andrew Kelly. Kelly recently led a team advising Goldman Sachs International as placement agent for a $150m private tap of a Nigerian company's existing high yield debt. US securities law specialist John Connolly also plays a major role in the firm's work on Rule 144A offerings, private placements and Regulation S offerings.

Practice head(s):

Michael Dakin

Other key lawyers:

Testimonials

‘In my mind, CC is one of the few magic circle firms that I would use in leveraged finance. They simply get it and show true hustle, cross-border and product knowledge and are just strong human beings. Michael Dakin and Andrew Kelly are the key partners.’

‘A small team, but focused on their clients and very relationship-driven. High-quality work.’

‘Michael Dakin is a hands-on partner, good at managing his team, and a strong relationship manager. Andrew Kelly is strong technically, extremely hardworking and smart.’

‘Knowledgeable. Responsive. Commercial. Definitely NOT condescending towards smaller banks.’

Key clients

SYNLAB (Issuer) and Cinven

Goldman Sachs International

OCI N.V.

JPMogan and

Société Générale

Ardian

Telefónica, S.A.

Work highlights

  • Its first-of-its-kind non-distressed note-to-loan exchange offer and new issuance of €850 million senior secured floating rate notes offered on a Rule 144A and Regulation S basis, the redemption of $940 million of senior secured floating rate notes, the amendment and extension of a revolving credit facility and the amendment and extension of a term loan B facility
  • This was one of the first LBOs to close in the Pandemic. This complex, multi-jurisdictional transaction was subsequently conducted remotely and structured to allow Ardian to refinance the bridge facility by way of a high yield bond or a TLB, thereby granting Ardian significant flexibility at the height of the Pandemic.
  • The first cross-over infra and HY issuance for a minority vehicle. The terms of the bond featured a number of bespoke features listed in the case study.

Industry focus > Emerging markets Tier 2

Clifford Chance LLP has offices across the globe, giving it a foothold in many emerging markets. The multi-disciplinary practice in London leverages expertise in banking, project finance, commodity and trade finance, structured finance, securitisation, derivates and both debt and equity capital markets mandates. Its recent work includes advising the mandated lead arrangers on a €250m financing for the Ministry of Finance of the Republic of Montenegro, covered by a €80m guarantee by the International Bank for Reconstruction and Development, which was the first loan to be concluded under the World Bank's Policy Based Guarantee Covid-19 cover arrangements. Further afield, its growing portfolio of work in Latin America includes assisting Goldman Sachs with Ecuador's issuance of a $400m social bond. The lead partners are Leonard Cleland, who is known for his financing work in the CIS, Eastern Europe, the Middle East and Africa; capital markets specialist David Dunnigan, who frequently acts for governments, municipalities, corporations and supranationals; and energy and infrastructure expert Jeremy Connick, who is also regional head for Southern Africa.

Practice head(s):

Leonard Cleland; David Dunnigan; Jeremy Connick

Other key lawyers:

Eric Green

Testimonials

‘As a global organisation it is reassuring to work with Clifford Chance who can tap into local expertise in many of the jurisdictions in which we have projects. Deals are often resourced with an experienced international and local partner as well as senior associates – so a client feels well supported.’

‘The individuals with whom I typically work are David Dunnigan (who has a wealth of experience in the international capital markets); and Eric Green (a very experienced and capable senior associate particularly in the emerging markets). Both individuals work well with other organisations, and make an effort with clients to understand the requirements, which takes a lot off pressure off the table for their clients.’

Key clients

Deutsche Bank

Amsterdam Trade Bank

BNP Paribas Fortis

Goldman Sachs

KBC

Credit Suisse

Africell Holding Limited

Gemcorp Capital LLP

Citigroup

Standard Chartered Bank

JP Morgan

Rand Merchant Bank

Standard Bank

UniCredit Bank

Morgan Stanley

HSBC

Emirates NBD Capital

Samba Capital

Warba Bank

Mashreqbank psc

PJSC Phosagro

Investec

CI Capital

Early Power Limited

Genser Energy Ghana Limited

CDC Group plc

Work highlights

  • Advising Credit Suisse AG, London Branch, OTP Group And Société Générale as mandated lead arrangers on a €250m financing for the Ministry of Finance of the Republic of Montenegro, covered by a €80m guarantee by the International Bank for Reconstruction and Development. This was the first loan to be concluded under the World Bank’s Policy Based Guarantee Covid-19 cover arrangements, and was the first partial guarantee used by the World Bank regarding the financial impact of the Covid-19 pandemic.
  • Advised the Argentina Creditor Committee on the successful restructuring of approximately $65bn of eligible bonds by the Republic of Argentina.
  • Advised Goldman Sachs & Co. LLC as Global Coordinator, Bookrunner and Social Bond Structuring Agent in connection with Ecuador’s issuance of a $400m social bond and as Placement Agent and Initial Purchaser in connection with its repackaging.

Industry focus > Hospitality and leisure Tier 2

Clifford Chance LLP's hospitality and leisure practice focuses on high-end, complex transactions in the hotel industry, including cross-border deals. Its client roster includes investors, owners, operators, developers, lenders and borrowers. The London team can draw on the firm's global specialist hospitality group, which has significant transactional real estate expertise. Alis Pay is a key name here: she specialises in advising international investors on cross-border real estate portfolio transactions and has handled high value and trophy hotel deals. She jointly heads the team with Sarah Thomas, who concentrates on direct and indirect equity investment in real estate, advising owners, occupiers and operators on their investments in hotels.

Practice head(s):

Alis Pay; Sarah Thomas

Other key lawyers:

Andrew Carnegie; Jane Cheong Tung Sing

Testimonials

‘Very knowledgeable and is able to offer excellent, well thought through advice.’

Key clients

Aldau Developments

Corinthia Hotels

Emin Capital

Fortress

JTRE

Mitsubishi Estate London

Morgan Stanley

Partners Group

Pygmalion Capital

Reevo Capital

Shangri-La Hotels & Resorts

The HongKong and Shanghai Hotels Limited

Work highlights

  • Advised Aldau Development, an Egyptian based developer and major new entrant into the London Development market on their first large development in the UK.
  • Advised on a £340 million facility secured by the Berkeley Hotel and the Connaught Hotel.
  • Acted for the Agent and syndicate of five lenders on the financing for Qatari Diar of the development of the old US Embassy Building at 30 Grosvenor Square into an ultra-luxury hotel to be managed and operated by Rosewood.

Industry focus > Life sciences and healthcare Tier 2

The life sciences and healthcare sector group at Clifford Chance LLP is able to leverage the firm's extensive global network and has expertise across the board. It advises on regulatory matters, M&A and data protection work and has been active in pharmaceutical and vaccine mandates. The team has a distinguishing focus on the cannabis-based therapeutic market, drawing on specialists in IP, compliance, finance and litigation. IP and regulatory expert Stephen Reese jointly chairs the group with Gareth Camp, who advises on acquisitions and disposals and corporate matters.

Practice head(s):

Stephen Reese; Gareth Camp

Testimonials

‘The practice covers both contentious and non-contentious work: as a result, it is closely attuned to the big picture and broader strategic concerns. They also understand every part of the market, from drug development to regulatory approval – as well as the disputes and issues that can arise along the way.’

‘Stephen Reese is a stand-out partner to work with. Personable, detail-oriented, and a deal-maker at heart, he also brings great strategic insight to disputes.’

Key clients

Pfizer Inc

Her Majesty’s Government

Gyrus Capital

Moorfields Eye Hospital NHS Trust

AGC Biologics A/S

Syncona Investment Management Limited – Quell Therapeutics

Work highlights

  • Advised Pfizer on its global patent licensing and collaboration agreement with BioNTech for the development and commercialisation of a COVID-19 vaccine.
  • Advised the Vaccine Taskforce on behalf of Her Majesty’s Government on the IP licensing, development, manufacturing and supply of vaccines to the UK population for the treatment of COVID-19, including the regulatory issues facing the Government in connection with the unprecedented circumstances presented by COVID-19.
  • Advised Pfizer Group on the spin-off of Upjohn, its off-patent branded drugs business, which sells well-known drugs such as Viagra and Lipitor.

Insurance > Insurance litigation: for policyholders Tier 2

Clifford Chance LLP’s insurance team acts for policyholders in claims under contingency cancellation, business interruption and warranty and indemnity policies. The practice is led by insurance partner Philip Hill, who has considerable experience in representing policyholders in coverage disputes. ‘Dynamic new partnerChristopher Ingham has a particular focus on credit, property and liability insurance.

Practice head(s):

Philip Hill

Other key lawyers:

Testimonials

‘Chris Ingham is a dynamic new partner.’

‘Very well led from the top, with common sense and a commercial approach, well mixed with a deep understanding of the law.’

‘Philip Hill (partner) is a superb insurance lawyer, with a total grasp of the industry and the legal issues.’

‘Chris Ingram (partner) – stormingly clever and a first-rate choice.’

‘Phil Hill combines insurance and general litigation expertise.’

Key clients

HSBC

ITV

AXA

Credit Suisse

Royal Bank of Canada

SMBC

Barclays

The Carlyle Group

General Electric

Work highlights

  • Representing several major sports companies in claims brought under business interruption insurance policies.
  • Advising a private equity company in relation to recovering loss flowing from breach of warranties given by the seller to our client in the Acquisition Agreement.
  • Representing an international media group of TV broadcast and production companies in relation to claims under their property damage and business interruption policies.

Investment fund formation and management > Private funds Tier 2

Clifford Chance LLP offers broad expertise across a variety of fund strategies, advising major institutional managers and investors on private equity, infrastructure, debt/credit, and emerging market fund formations and regulatory issues. The firm is well-versed in  particular ESG and Sustainable Finance Disclosure Regulation considerations and also has an active secondaries practice. The team is led by Nigel Hatfield, a senior figure within the market who advises top sponsor and investor clients on large-scale fund formations and structurings. Gerard Saviola continues to be a key player in European, African, and emerging markets funds, with a strong cross-border practice, while Alexandra Davidson has a growing specialism within the ESG space, handling a number of standout formations and investments in the past year. Alexander Chester is highly active in secondaries, including co-investments and separate accounts, while Jonathan Bray's strong contributions  were recognised with his promotion to partner in early 2021. Senior associate Lily Marcel specialises in ESG and sustainability work for both sponsors and investors, including sustainable investment models.

Practice head(s):

Nigel Hatfield

Testimonials

The team’s strengths are deep market knowledge, international and cross-disciplinary practices that collaborate well, some exceptional individuals. Funds, litigation, tax and employment practices have worked together as one team (with one single principal point of contact) to deliver complex projects.

Alex Davidson is a tour de force – very strong on technical, legal and documentation issues; practical and solutions driven; very creative; knows LP preferences and market practice extremely well; understands commercial drivers; works unbelievably hard, Hands on and makes herself available; has built a strong team around her who work cohesively.

Nigel Hatfield – excellent lawyer with decades of experience in the PE and Infrastructure funds space. Very useful macro perspective on market practice and trends.

The team here are great and have a brilliant sense of what’s going on in the market, and stay up to date with changes to ensure we are considering the most up to date structures.

Gerard Saviola continues to deliver exceptional work, with a broad view of activities in the market and clear, concise advice.

A very client oriented team that works extremely hard to meet the client’s expectations on every front.

Key clients

Intriva Capital

Axcel Management A/S

Capital Dynamics

DWS

HSBC

Credit Suisse Asset Management

Arcus Infrastructure Partners

Elbrus Capital

EQT

Stirling Square Capital Partners

Alta Semper Capital

Octopus Renewables

ICG

Bridgepoint

Work highlights

  • Advising Bridgepoint on its high-profile acquisition and integration of EQT Credit from EQT at an undisclosed transaction value.
  • Advising HSBC on the launch of its new secondaries fund initiative with the formation of Private Equity Opportunities (1.4 Billion USD).
  • Advising Octopus Renewables on the launch of their £2bn target open-ended renewable energy fund.

Projects, energy and natural resources > Mining and minerals Tier 2

Clifford Chance LLP's global mining and minerals team handles large-scale transactions and is backed by a strong international arbitration practice which acts for industry leaders on high-value disputes. Overseen by a trio of key partners - David Lewis and project finance lawyer James Pay in London, and Simon Greenberg in Paris - the group handles a steady stream of cross-border mandates across the African and Latin American markets, covering financings, acquisitions and sales of assets. Luke Tolaini handles investigations, enforcement and litigation, whilst  Audley Sheppard QC remains the key contact for mining disputes. Other areas of strength include the renewable energy sector and advising on complex restructurings. The team regularly works with its offices in Paris, Tokyo and Sydney.

Practice head(s):

David Lewis; James Pay; Simon Greenberg

Other key lawyers:

Testimonials

‘Impeccable blend of technical knowledge, client service and commercial understanding.’

Key clients

Antofagasta

Eramet

Kingsgate Consolidated

Nova Resources B.V.

GFG Alliance

Glencore

Guinea Bauxite Company

Arrowhead Resources

Vale

VTB Capital

Pacific Wildcat Resources

Bahrain Steel

Baikal Mining Company

Tantalum International Limited

Churchill Mining

Norsk Hydro ASA

Work highlights

  • Advising Nova Resources BV on its £3bn take-private offer for KAZ Minerals PLC, a high-growth copper company listed in both London and Kazakhstan.
  • Advised Norwegian energy and aluminium company Norsk Hydro ASA on the €1.38bn sale of its Rolling business to private equity firm KPS Capital Partners.
  • Represented Kingsgate Consolidated Ltd, an Australian Securities Exchange-listed gold mining company and owner of the Chatree gold and silver mine in Thailand, in arbitration proceedings.

Real estate > Commercial property: investment Tier 2

Magic Circle firm Clifford Chance LLP which has a ‘a wealth of experience and best in class delivery’, is particularly active in the healthcare, logistics, industrial, office, data centre and telecoms sectors, also acting on an array of residential, multi-family and student housing projects. Adrian Levy serves as global head of real estate and focuses on cross-border corporate finance transactions while Mark Payne is adept in all facets of real estate, with a distinguished track record in representing sovereign wealth funds. Alis Pay is recognised as a ‘force within European real estate’, owing to her capacity for portfolio transactions which span the continent. Angela Kearns and Matt Taylor are key contacts on the corporate occupier front, where the team places emphasis on Central London headquarter transactions, including those linked to ongoing development projects and secondary market lettings. The development practice includes London practice head Nigel Howorth, an urban regeneration, infrastructure and energy project specialist, as well as the ‘best in classIan Painter; it provides a full-lifecycle service from initial acquisition, planning and rights of light through to financing, construction, disputes and leasing and thrives on a range of ventures including mixed-use, overstation and ground-up projects.

Practice head(s):

Nigel Howorth

Other key lawyers:

Testimonials

‘Ian Painter is outstanding at getting to the commercial point without grandstanding on technical legal issues. He is a dealmaker and draws together the whole team to achieve a shared objective.’

There is no doubt that the Clifford Chance team excel at involving the client’s wider professional team, seeking and giving advice to achieve the best overall result for the client.’

‘A very cohesive property team with strength in depth and willing to do what is necessary to ensure client satisfaction through ensuring an efficient transaction and effective advice.’

‘Clifford Chance is one of the largest law firms in the world. However, their partners and colleagues act in a focused, professional manner, responding quickly to every situation and researching what is needed, almost like a niche firm. We have recommended them several times.’

‘When the work is challenging and complicated but of great commercial value, we choose the Clifford Chance team to deliver. The team are defined by their constant effort and diligence, combined with pragmatism and commercial advice.’

‘Ian Painter is tenacious, driven by value creation and tireless, the man you want in the trenches when the bullets are flying and the bombs are dropping. Best in class.’

‘The team is a safe pair of hands for heavy and complex transactions that require top to bottom engagement (from structuring to direct real estate) in a very coordinated way (they all speak to each other behind the scenes so the client interaction is seamless and thoughtful).’

‘Alis Pay is a force that really knows her European real estate and represents us in a way that both makes us look attractive but keeps us competitive. She is a great champion to us on a deal and keeps her diverse team fully aligned and always slick.’

Key clients

AIG Global Real Estate

Angelo Gordon

AshbyCapital

BentallGreenOak

Canary Wharf Group plc

CK Asset Holdings

Corinthia Hotels

Helical plc

Heimstaden Bostad AB

Hillwood Investment Properties

The HongKong & Shanghai Hotels

JTRE

Legal & General

LM Tech

Mitsubishi Estate London

Mitsui Fudosan

Native Land

Network Rail

NorthWest Healthcare Properties REIT

NTT Global Data Centers

Nuveen Real Estate

Partners Group

Patrizia

Reevo Capital

Thomson Reuters

Work highlights

  • Advised Legal & General on its c.£300m acquisition of the Sanctuary Buildings in Victoria, London and the regearing of the occupational interests with the Secretary of State for Housing, Communities and Local Government.
  • Advised Partners Group, the global private markets investment manager, acting on behalf of its clients, on the acquisition of a portfolio of 27 light industrial properties in the UK from real estate investor Paloma Capital for £253m.
  • Advised the UK Government on its £100m investment to ensure that any successful COVID-19 vaccine can be produced at scale in the UK. The deal funded the acquisition and upgrade of an existing facility located in Braintree, Essex, UK to create a state-of-the-art Cell and Gene Therapy Catapult Manufacturing Innovation Centre in order to accelerate the mass production of a successful COVID-19 vaccine in the UK.

Risk advisory > Regulatory investigations and corporate crime (advice to corporates) Tier 2

Clifford Chance LLP advises companies and financial institutions on domestic and cross-border investigations relating to a wide range of issues including allegations of bribery and corruption, money laundering and sanctions violations. The team’s recent SFO workload stands out, with financial crime head Luke Tolaini leading a team for Serco Group on a DPA. Carlos Conceicao  uses his wealth of experience previously gained as head of the wholesale group at the Financial Services Authority (FSA); he sits at the helm of the regulatory investigations practice and is well-known for his market abuse expertise. Michael Lyons is also noted for his recent FCA and crisis management work. Consultant Roger Best also remains involved in the group’s work. Director Christopher David joined from WilmerHale in June 2021.

Practice head(s):

Luke Tolaini; Carlos Conceicao

Other key lawyers:

Michael Lyons; Roger Best; Dorian Drew; Oliver Pegden; Matthew Lee; Ellen Lake; Nicholas Grafton-Green; Christopher David

Testimonials

‘Good solid experience. They have genuine experience of the full depth of regulatory practice. They are just very good. Very client-focused, they get people in to join the team who will be of the most assistance to the client and add real client value.’  

‘A hugely successful and market-leading practice with particularly good experience of the banking sector. They deliver outstanding strategic advice and leadership, an in-depth understanding of clients’ needs, are always extremely responsive and deliver excellent write-ups and other documents. On top, the team always brings a positive outlook and, on a personal level, is fun to be around.’

‘His years at the FSA make Carlos Conceicao an extremely good person to deal with a regulatory case. He understands the regulators and can bring years of experience to bear for the benefit of a client.’ 

‘Michael Lyons has a keen legal eye, and is an extremely good litigator. Michael is really clever and can take any point, but does not lose sight of the bigger picture. I’ve valued his pure intellect and ability to think outside the box.’  

‘Luke Tolaini has really excellent client skills, he knows exactly how to handle any case for the best outcome for a client. Real leadership skills and an ability to turn his hand successfully to solve any problem arising for a client over the course of a long investigation.’

‘Dorian Drew is a great leader in the team. He has the most abundant experience working with regulators and handling different regulatory reporting issues. He is an excellent lead who can always find out the right candidate to help the work piece and his colleagues respect him. We always consult him on complicated issues and he frequently gives us a very special perspective. We appreciate that.’

‘Oliver Pegden is candid, very hardworking, very organised and always prepared. He is calm and has a good logic, which bringa in a lot of additional value to a project.’

‘Luke Tolaini is highly experienced, reassuring, discreet and amiable. He is most often found in cases where corporate liability is at stake. He specialises in criminal / regulatory investigations and prosecutions brought by the SFO, the FCA and the HMRC, often under the scrutiny of the financial media. He shows sound judgement and his advice is clearly respected by his senior clients.’

Key clients

Credit Suisse

An international commodities trading company

Serco Group Plc

An oil and gas operator

InterGen

Swedbank

UK branch of a Middle Eastern bank

Major international tech company active in the blockchain sector

Global investment bank

Hedge fund

Work highlights

  • Acted for Serco Group and secured only the fifth deferred prosecution agreement in the UK in relation to fraud by a Serco subsidiary in falsely representing the profitability of a contract for electronic monitoring to the UK’s Ministry of Justice.
  • Advising Credit Suisse on parallel criminal and civil tax and financial regulatory investigations by a number of government authorities and regulators including in the UK, Australia and continental Europe.
  • Advising a UK financial institution on a criminal and civil investigation by the FCA of failures in the client’s systems and controls under the Money Laundering Regulations 2007.

Corporate and commercial > Commercial contracts Tier 3

André Duminy leads the practice at Clifford Chance LLP, which focuses on complex, strategic commercial matters and sits within the firm’s wider TMT group. The team is particularly experienced in technology mandates and has also been recently involved in various Covid-related issues; the group advised Pfizer on its global collaboration and licensing arrangements for the development of a Covid-19 vaccine and assisted the UK Government with arrangements relating to the licensing of Oxford University’s Covid-19 vaccine to AstraZeneca. Simon Persoff joined the group in 2020 from DLA Piper and focuses on technology work.

Practice head(s):

André Duminy

Other key lawyers:

Simon Persoff; Stephen Reese

Testimonials

‘The Clifford Chance Corporate and Commercial team is a very experienced team with a clear focus on achieving their client objectives. Very results oriented and with a very practical and commercial approach, which is of the essence in the M&A transactions we are involved in. They are also extremely capable of working under a lot of pressure and with very challenging deadlines, with no impact on the quality of their advice.’

‘We use Clifford Chance consistently due to the quality of their advice and support and rate them higher than many others in the same market. The team take the time to really understand the project, the drivers and add strategic advice while quickly getting to the heart of the matter.’

‘Andre Duminy’s input and advice is excellent and focused to ensure it adds real value.’

Key clients

Cellnex Telecom

Block.one

WEX Inc

Mastercard

Telefonica

HQLAx

State Street

Her Majesty’s Government

Booking.com

Essity

Work highlights

  • Advising Pfizer on its global collaboration and licensing arrangements opposite BioNTech for the development of a Covid-19 vaccine.
  • Advising the UK Government on arrangements concerning the licensing of Oxford University’s Covid-19 vaccine to AstraZeneca.
  • Advising Telefonica on the sourcing and long-term service arrangements that were put in place between the new joint venture to be created from the merger of O2 and Virgin media in the UK.

Corporate and commercial > EU and competition: trade, WTO anti-dumping and customs Tier 3

Clifford Chance LLP has been busy in 2021 assisting international companies from a number of sectors with the implications of Brexit. In addition, the department has a close relationship with the UK government and was recently appointed to its new trade law panel, in addition to having advised the Department for International Trade on trade agreements with non-EU countries. Jessica Gladstone and Michael Lyons, both of whom sit within the wider dispute resolution team, are the key partners; the former advises sovereign governments on their obligations under WTO rules and free trade agreements, while the latter focuses on sanctions and export control work.

Practice head(s):

Jessica Gladstone; Michael Lyons

Testimonials

‘Impressed by the level of collaboration – willingness to discuss and reflect real life/commercial experience in advice making it more practical and useful.’

‘Jessica Gladstone – Particularly impressed at how she leads her team giving due credit and responsibility to others but adding valuable insights from her rich experience and knowledge.’

‘Jessica Gladstone has extensive arbitration experience in addition to trade law and litigation experience. This is a formidable combination. She is a strong team leader.’

‘Regarding trade, WTO anti-dumping and customs practice: Clifford’s deep experience in international arbitration, combined with its experience in WTO disputes including those involving anti-dumping, plus their recent addition of a top trade person from the US Commerce Department, and their ability to draw on a global network Clifford offices, combine to make Clifford Chance easily one of the best UK law firms for trade and customs issues. They do not hesitate to work collaboratively with specialised law firms when it helps the client. They are very accessible and pleasant to work with.’

Key clients

UK Department for International Trade

Her Majesty’s Treasury

Louis Dreyfus Commodities and Energy

Holdings N.V. (“LDCEH”)

International Military Services Ltd.

Work highlights

  • Advised the Department for International Trade on the final drafting stages and implementation of its continuity free trade agreements with non-EU countries.
  • Advised a European Energy Company on sanctions issues.
  • Advised a consortium of companies on the international trade law implications of Brexit.

Industry focus > Retail and consumer Tier 3

In close collaboration with international colleagues, Clifford Chance LLP in London mainly advises high-profile multinationals on the domestic dimension of cross-border corporate transactions. In addition, its retail offering also encompasses licensing arrangements, franchising work, IP protection and enforcement, and competition issues. Vastly experienced M&A expert David Pudge, who heads the retail sub-group, and IP specialist Stephen Reese are two practitioners with substantial retail and consumer practices.

Practice head(s):

David Pudge

Other key lawyers:

Testimonials

Sound commercial advice delivered in a timely manner on which I can plan absolute reliance.’

Consistently responsive individuals who deliver practical advice.’

The service is excellent and, given the longstanding relationship, the team dedicated to our company has excellent knowledge of the industry and its players; the collaboration is seamless, the team is highly responsive and “always on” and is providing practical and creative advice and gets deals done!

They come up with creative & practical solutions and just know their stuff.’

Key clients

Delivery Hero

Fontaine Limited

Philip Morris Products, S.A

L’Oreal S.A.

The Absolut Company

French Connection Group plc

Mondelēz International

Matalan Group Limited

THG plc (formerly The Hut Group)

Work highlights

  • Assisted THG plc on its headline-making IPO.
  • Advising French Connection Group plc on discussions and negotiations regarding approaches from four interested parties.
  • Advising Delivery Hero on its strategic partnership with Woowa Brothers Corp.

Public sector > Administrative and public law Tier 3

Clifford Chance LLP handles a diverse range of contentious and regulatory public law matters. Elizabeth Morony leads the contentious practice, focusing on judicial reviews involving complex environmental, tax and human rights issues. Andrew Dean heads up the non-contentious practice, specialising in public procurement and international trade law.  Associate Oliver Carroll is also recommended, given his experience in prominent judicial reviews. In a standout matter, the team advised the UK government on the public law issues relating to the production and roll-out of the country's Covid-19 vaccination programme.

Practice head(s):

Andrew Dean; Elizabeth Morony

Other key lawyers:

Testimonials

‘Clifford Chance demonstrates a deep understanding of their specialist areas, but have the agility to connect to other colleagues rapidly in response to client needs. They generate a confidence and assurance borne of delivering results.’

‘The team at Clifford Chance are currently advising us in relation to judicial review proceedings. The matters involve novel arguments and the team have applied their excellent breadth of knowledge and expertise in relation to judicial reviews and relevant European case law in a highly effective manner. They are quick and strategic thinkers and it is great to be able to work directly with the associates on the team.’

Key clients

Financial Services Compensation Scheme

Department for Business, Energy & Industrial Strategy

UK Government Investments

Department for Transport

The Lifescape Project

HM Treasury

Department of Health and Social Care

Affinity – Military Flight Training System

Network Rail

Government Legal Department

UK Debt Management Office

UK Export Finance

Work highlights

  • Advising an international investment bank in retained EU law judicial review proceedings worth over £100m.
  • Advising a major online retailer on public law issues connected to a nationally significant Covid-19 related contract.
  • Advising the UK government on the public law issues surrounding the production and roll-out of the country’s Covid-19 vaccination programme.

Real estate > Planning Tier 3

Clifford Chance LLP's planning team is active in a number of London's high-profile developments and regeneration projects. The firm has a strong energy and infrastructure practice, which is reflected by practice head Nigel Howorth's expertise in advising on power station development and renewables, including the significant new build programme for Horizon Nuclear Power. Elizabeth Hardacre joined RWM.

Practice head(s):

Nigel Howorth

Other key lawyers:

Katie Kempthorne; Anneke Theelen

Testimonials

‘Very knowledgeable in their field and able to respond quickly and efficiently to client’s requirements. They are able to tailor their advice and support to suit and inspire confidence across all levels of the client’s organisation.’

‘The partner and key associates that we work with are very knowledgeable about the discipline and the energy sector. They work incredibly hard and are able to turn things round very quickly. Notwithstanding their exceptional professionalism, they are also great people to work with at a personal level.’

‘Nigel Howorth is hugely experienced and senior partner, who is very well respected within the field. He is really great at giving clear strategic advice and also marshals his team well to deliver effective advice.’

‘Very responsive and efficient with swift communication of advice and strategy – overall an excellent service in circumstances where the client is under time pressure to decide on a course of action.’

‘Anneke Theelen has an intuitive grasp of the issues at hand and she responds with incisive analysis and a game plan that always makes sense and places the issues in perspective – all of this is done quickly and efficiently, and it is a pleasure to have Anneke as an adviser.’

Key clients

Horizon Nuclear Power Wylfa Limited

Canary Wharf Group plc

Helical Plc

International Airlines Group and British Airways Plc

NorthWest Healthcare Properties REIT

Legal & General

Blackstone

CBRE Global Investors

Nuveen Real Estate

AIG Global Real Estate (AIGGRE)

Work highlights

  • Advising Canary Wharf on the continuing 750,000 sqm urban quarter project at Wood Wharf and on the North Quay development (a mixed-use office and residential towers scheme) on a 7.3-acre site.
  • Advising International Airlines Group together with British Airways Plc on Heathrow Airport Limited’s proposed expansion plans for Heathrow Airport.
  • Advising Horizon Nuclear Power on their UK nuclear new build programme.

Real estate > Social housing: finance Tier 3

Alistair McGillivray heads up Clifford Chance LLP's social housing finance team, which specialises in advising funders and investors on bond issues, private placements, synthetic securitisations and restructurings of facilities, among other maters. Angela Shepherd, who is 'one of the leading practitioners in the area of social housing finance', has a focus on the property and project aspects of social housing and social housing finance transactions and regularly acts for new entrants to the market. Paul Deakins is experienced in advising lead managers on secured bond issues by registered providers.

Practice head(s):

Alistair McGillivray

Other key lawyers:

Testimonials

‘The uniqueness of of this practice is the people and the knowledge. Social housing finance is a very specialist area and has a history going back many years. This is important in understanding both financial documents and property matters. This practice can offer both.’

‘The standout member of the team is Angela Shepherd, who is one of the leading practitioners in the area of social housing finance. Her knowledge gained over a long time is critical in being able to support financiers looking to fund social housing particular new entrants. The quality of her work has always been tip top.’

‘A practice that can deal with complex and technical legal matters in a way that rivals would find difficult to emulate.’

‘Angela Shepherd has a deep and wide level of experience and knowledge in this specialist field.’

‘The team have an attention to detail that is second-to-none and they are always quick to reply.’

‘I value their attention to detail above anything else. Angela Shepherd has this quality in abundance.’

Key clients

Barclays Bank

Lloyds Banking Group

NatWest Markets

Deutsche Bank AG London

Prudential Trustee Company Limited

Royal Bank of Canada

HSBC Bank plc

Situs Asset Management Limited

Morgan Stanley &Co International plc

Work highlights

  • Advised a consortium of banks on the first sustainable bond issue in the sector by Clarion Housing Group.
  • Advised Barclays Bank, HSBC Bank and NatWest Markets as arrangers on the establishment of commercial paper programmes for various housing associations to access the UK Government’s COVID Corporate Finance Facility.
  • Advised Deutsche Bank AG on the first social housing commercial mortgage – backed securities (CMBS) in the social housing market.

Risk advisory > Data protection, privacy and cybersecurity Tier 3

Clifford Chance LLP’s data privacy and cybersecurity practice was recently bolstered by the arrival of Simon Persoff, who joined from DLA Piper and brings a wealth of experience in cyber security and banking secrecy matters. Jonathan Kewley heads up the team and handles data protection issues for technology, data and IP-heavy businesses, while Kate Scott is a name to note for disputes and litigation, and has particular expertise in the AI and crypto-asset arenas. The team, which provides ‘clear, accurate and commercial advice’ is known for its international and cross-practice expertise, which includes handling data and cyber breaches.

Practice head(s):

Jonathan Kewley

Other key lawyers:

Samantha Ward; Kate Scott; Simon Persoff

Testimonials

‘Very responsive team, that gave very clear advice’.          

‘They take extra effort to understand their clients and the operational environment that their client’s face, which is so important’.

‘Simon Persoff is extremely responsive and provides clear, practical, commercially sensitive advice’.

‘Jonathan Kewley is a superstar of the tech law and policy world’.

‘Jonathan Kewley combines strong technical knowledge with excellent attention to clients’ commercial interests.’

‘Simon Persoff is a technical expert with a deep understanding of the GDPR and other data protection regulation’.

‘Simon Persoff is incredibly hard working and committed to giving clients a high quality service’.

‘Kate Scott is a new partner who is carving out a real niche in technology disputes’.

Key clients

News Group

HSBC

Work highlights

  • Advising a private equity client on maturing its global data protection compliance programme, including conducting a detailed data mapping inventory of personal data processing, drafting privacy notices, conducting data protection impact assessments, advising on use of data analytics in its portfolio companies and managing risks associated with the transfer of personal data to third countries.
  • Advising a major global financial institution on assessing the key legal risks and opportunities linked to its five-year technology strategy, which covered a range of topics including the future of international data transfers, the outlook for Big Tech, inclusive tech, innovation and the choice of build vs. buy. vs. compete, and the reassertion of individual ownership over data.
  • Advising a multinational insurance sector client on its response to a cyber incident involving data exfiltration and a ransomware attack, including issues surrounding demand for crypto-currency ransom, jurisdictional analysis, notifications and engagement with supervisory authorities.

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

Magic circle firm Clifford Chance LLP has ‘extraordinary’ sporting expertise, tailor-made to support on disputes, finance and corporate matters. The team caters to a client roster of investors, governing bodies, teams and stakeholders in addition to elite athletes, and is helmed by litigator Christopher Yates who advises on crisis management and disputes with reputational significance. Senior associate James Cranston also focuses on contentious matters, covering litigation, arbitration and investigations. The hugely experienced Tim Lewis has advised Arsenal Football Club on corporate matters over many years, and in July 2020 was appointed as a non-executive director of the Premier League club. TMT specialist Jennifer Mbaluto offers ‘invaluable advice’ on the media rights front.

Practice head(s):

Christopher Yates; James Cranston

Other key lawyers:

Testimonials

‘Clifford Chance is one of the best firms in the UK. The team’s dedication towards and understanding of the issues involved in the cases assigned to them is commendable.’

‘James Cranston is a thorough professional who is not only a hard working lawyer but also extremely hardworking and responsive towards client needs.’

‘The Clifford Chance team is extraordinary.  They have naturally become an extension of our own. And by doing so they have added real value to everything we do.’

‘Jennifer Mbaluto has always offered invaluable advice in a very precise, concise, direct, pragmatic and entirely constructive manner.’

‘Christopher Yates; extremely bright, very commercially astute, excellent at client handling, and very skilled at putting a first rate team together and running it. Top quality. James Cranston: as good as it gets; he is utterly sensational.’

‘Clifford Chance are extremely committed towards their clients and ensure the provision of valuable and reliable legal advice, which is not only based on an in-depth study of the issues and thorough research, but is well-supported by law and also practically viable. The firm’s extensive experience and vast knowledge in corporate and legal matters guarantees delivery of services of the highest quality, be it in terms of finalising legal documents or representing clients in international dispute resolution proceedings.’

‘What is unusual about Clifford Chance is the fact that global elite firms typically struggle to develop a leading sports practice, but this has not held the firm back. Principally through the hard work and expertise of James Cranston and Christopher Yates, they really do now have a market-leading sports practice.’

Key clients

Arsenal Football Club

International Paralympic Committee

E Stanley Kroenke and Kroenke Sports & Entertainment

Pakistan Cricket Board

Invictus Games Foundation

Southampton Football Club

Valeri Belokon (former President of Blackpool Football Club)

VB Football Assets

ITV

World Rugby

Centre for Sport and Human Rights

Sport Resolutions anti-doping panel

City Football Group

Work highlights

  • Advising the International Paralympic Committee on headline sponsorship agreements, commercial disputes and over a dozen anti-doping matters.
  • Advising VB Football Assets on an unfair prejudice petition judgment worth £31.7m that resulted in the sale of Blackpool Football Club and follow on enforcement proceedings.
  • Acting for Epic Games in an anti-competition case brought against Apple in relation to the sale of Fortnite through the App Store.

Real estate > Construction: contentious Tier 4

Clifford Chance LLP's contentious construction team is experienced in cases involving large-scale infrastructure and construction matters, covering the full range of dispute resolution methods, including dispute resolution boards. It often acts on behalf of energy providers across their traditional, nuclear and renewable projects. The team also works closely with its real estate and project finance teams to offer a full set of support for its key clients. Alex Panayides heads up the practice, serving as an advocate in a number of multi-jurisdictional arbitrations.

Practice head(s):

Alex Panayides

Testimonials

‘Clifford Chance has a great construction team comprising not only knowledgeable lawyers, but lawyers with deep understanding of the industry  and our needs as the client.’

‘They are swift, available and ready to provide high class legal advice within a short period of time.’

‘They are transparent, willing to engage, and are not frightened to roll up their sleeves and get stuck in.’

Key clients

POSCO

SOCAR

KEPCO

Shell

Work highlights

  • Representing a multinational power generation company in an ICC arbitration concerning disputes with its consortium partner in respect of an EPC contract.
  • Representing a multinational power generation company in an ad hoc arbitration concerning a contract for a combined cycle gas power plant in Asia.
  • Advising a multinational power generation company on claims from a contract to supply equipment to a combined cycle gas power plant in the Middle East.

Real estate > Property litigation Tier 4

Clifford Chance LLP provides assistance with vacant possession strategies, rights to light settlements and other development-related disputes. Its other key strength lies in property contract disputes, which is also where Ben Hatton's focus lies. He heads up the team and has recently handled squatters and trespass actions for an energy sector client and eviction proceedings for a charity. Other regular instructions are generated from property development companies, real estate investment managers, landowners and financial institutions. Expertise in boundary and business rate disputes complements this offering. The firm has set itself the inclusion target to reach at least 40% female partners globally by 2030.

Practice head(s):

Ben Hatton

Testimonials

Clifford Chance provide their clients with total commitment and a Rolls-Royce service in property litigation. Clients can be assured that no stone will be left unturned. The team is small but often works on large-scale matters which, because of their sensitivity, do not receive public attention.

I regard Ben Hatton highly. He is very responsive to clients and his cases are always very thoroughly prepared.

They are uniquely able to combine the excellence and resources of a Magic Circle firm with the personal touch of a boutique one. They are particularly good on commercial property disputes, but able to turn their hand to anything.

It goes without saying that Ben Hatton is an excellent lawyer with an extremely wide knowledge of property law, but he’s also fantastic with clients and barristers. Very easy to deal with, great at finding pragmatic solutions and experienced at running cases of all shapes and sizes.

Great at strategising through a complex situation, leading to a successful consensual resolution to everyone’s satisfaction.

Ben Hatton has a calm and measured approach to every problem which often yields positive results.

Key clients

Canary Wharf Group plc

(Official Receiver of) British Steel

(Official Receiver of) Cardwool Limited

American International Group

Angelo Gordon

Asphaltic Land Limited

Colony Capital

Elliott Management Corporation

Flatfair

General Electric International

GIC Private Limited

Goldman Sachs

Hemisphere

Hondo Enterprises

Horizon Nuclear Power Wylfa Limited

Mitsubishi Estate London Limited

Native Land

Network Rail

Nuveen Real Estate

Wells Fargo

Permira Advisers LLP

Incorporated Holdings Limited

Chrysaor

Helical Bar plc

Work highlights

  • Acted for Mitsubishi Estate London Limited in a contentious landlord and tenant matter which involved obtaining full vacant possession of prime central London fully let premises from all of the tenants (which included office space, a gym and two restaurants), in order for the client’s comprehensive redevelopment plans to take place.
  • Acted for the Official Receiver and Special Managers of British Steel on the sale of the business and assets to Jingye Steel and Iron, a privately owned enterprise from Hebei province in China.
  • Acted for Horizon Nuclear Power on the removal of squatters and trespass actions at or near to its nuclear power station sites.

TMT (technology, media and telecoms) > Intellectual property: trade marks, copyright and design Tier 4

Recent work of note for the team at Clifford Chance LLP has seen co-head Stephen Reese advise on the branding and licencing elements of large-scale business combinations in the telecoms sector, while co-head Vanessa Marsland has been busy handling high-value commercial agreements in the financial services sector. The group also has expertise in protected designation of origin matters and also handles parallel import litigation in the pharmaceuticals sector.

Practice head(s):

Stephen Reese; Vanessa Marsland

Other key lawyers:

Alex Walker; Leigh Smith

Testimonials

‘We were incredibly pleased to work with Clifford Chance – they were proactive, extremely competent, managed the process of the assignment extremely well and brought in all the necessary capacity.’

‘Stephen Reese has done several trade dress clearances for me and they were always excellent. It is clear that he is the mentor and sets the tone for others.’

‘Alex Walker was our point person – he was not only incredibly competent, but also flexible and led us outstandingly in an area where we truly didn’t know our way around! We always felt in the best possible hands!’

‘Leigh Smith has an in-depth understanding of our company and business. Great lawyer. Efficient and extremely responsive. Solution oriented and practical advice, which is of utmost importance for a company.’

‘They are excellent, really one of a kind. Their work is very detailed and professional, on another level compared to other firms I have used. Their analysis and conclusions are so well written that even an ignorant person in the field would be able to understand everything. I trust their analysis and conclusions without any doubt, which I can’t say with respect to other firms I’ve tried. I needed urgent work a couple of times and they have delivered each time without any delay, and the quality of the work was never compromised – it was always very high. So they are my first and only choice.’

‘Great understanding of our company and business. Great legal knowledge. Very responsive. Fee flexibility. Appropriate resourcing.’

Key clients

Telefónica

Cyprus Government and the Foundation for the Protection of the Traditional Cheese of Cyprus Named Halloumi

L’Oreal S.A.

Fontaine Limited

LZ Labs

The Absolut Company

Block.one

Gyrus Capital

Qiddiya Investment Company

Volvo Cars

Pfizer Group

Moorfields Eye Hospital NHS Trust

Global Oil Company

Mastercard

Imagination Technologies

Work highlights

  • Advising Telefónica on the branding, IP and licensing activities of its 50:50 joint venture with Liberty Global to combine their UK operations O2 and Virgin Media.
  • Advised the Cyprus Government and the Foundation for the Protection of the Traditional Cheese of Cyprus Named Halloumi on protecting and enforcing rights in certification and collective trade marks against third parties applying for trade mark protection for, or using, the mark HALLOUMI (or confusingly similar marks) without being authorised to do so, or for products which do not comply with the requirements of the applicable regulations.
  • Advising L’Oreal in connection with its acquisition of the THIERRY MUGLER brands and AZZARO fragrances through the takeover of the fragrance division of Clarins Group, in addition to various enforcement matters in the UK.

TMT (technology, media and telecoms) > Intellectual property: patents (contentious and non-contentious) Tier 5

In a significant mandate for Clifford Chance LLP’s IP practice, Stephen Reese acted for Pfizer on the global patent licensing and collaboration agreement with BioNTech for the development and commercialisation of a Covid-19 vaccine. Reese co-heads the practice with Vanessa Marsland, who is also highly active on the non-contentious side, having recently advised major computer technology clients on IP-rich technology licence agreements.

Practice head(s):

Stephen Reese; Vanessa Marsland

Testimonials

Their work is very detailed and professional, on another level compared to other firms I have used. Their analysis and conclusions are so well written that even an ignorant person in the field would be able to understand everything.

It is clear that Stephen Reese is a mentor and sets the tone for others.

Key clients

Pfizer Inc

Her Majesty’s Government (HMG), Department for Business, Energy and Industrial Strategy (BEIS)

Telefónica

Cyprus Government

Fontaine Limited

Philip Morris Products, S.A

LZ Labs

Qiddiya Investment Company

The Absolut Company

Gyrus Capital

Volvo Cars

Moorfields Eye Hospital NHS Trust

Work highlights

  • Advising Pfizer on its global patent licensing and collaboration agreement with BioNTech for the development and commercialisation of a Covid-19 vaccine, which was the first Covid-19 vaccine to be approved and deployed in the world.
  • Advising the Vaccine Taskforce on behalf of Her Majesty’s Government on the IP licensing, development, manufacturing and supply of vaccines to the UK population for the treatment of Covid-19, including the regulatory issues facing the Government in connection with the unprecedented circumstances presented by Covid-19.
  • Acted for Philip Morris on its collaboration and distribution licensing arrangements for the “heat not burn” products of KT&G, Korea’s premier tobacco company.

Investment fund formation and management > Private funds (including infrastructure funds)

Saudi Arabia > Legal market overview

Singapore > Asset finance: foreign firms

Clifford Chance is a leader in aviation finance matters, primarily acting for lenders and lessors. The team has landed a series of major engagements in airline restructurings, including US Chapter 11 bankruptcies. Moreover, working alongside the London office, the Singapore team advised the majority of aircraft lessor creditors of Malaysia Aviation Group Berhad and its subsidiaries, in respect of its ongoing restructuring under an English Scheme of Arrangement. Fergus Evans is widely recognised as a leading practitioner in the aviation finance market, having spent a large part of his career in Asia. Consultant Simon Briscoe has transferred to Sydney and ship finance specialist Kate Sherrard has joined Squire Patton Boggs. Daniel König is rated at senior associate level.

Practice head(s):

Other key lawyers:

Testimonials

‘Clifford Chance Singapore Aviation finance team is simply second to none in Asia in terms of expertise, resources, reliability, availability and speed of execution.’

‘Fergus Evans and the senior associates are highly qualified, available and quick to deliver quality service.’

‘Clifford Chance Singapore Asset Finance Team has been very supportive. This team provides specific guidance on legal issues depending on your level of experience. The number of diverse transactions they handle, the depth of knowledge and the client-focused communication are this team’s unique strengths that you cannot find elsewhere.’

‘Fergus Evans has been an excellent partner. His extensive experience in various transaction structures and customised legal advice have been an important resource for me.’

Key clients

The Hongkong and Shanghai Banking Corporation Limited

Bank of China Limited, BNP Paribas, DekaBank Deutsche Girozentrale, Crédit Agricole Corporate and Investment Bank, Natixis and MUFG Bank, Ltd.

Macquarie Aircraft Leasing Services (UK) Limited, SMBC Aviation Capital Limited, Aircastle Singapore Pte. Ltd. and Avolon Aerospace Leasing Limited

BNP Paribas, DVB Group Merchant Bank (Asia) Ltd., MUFG Bank, Ltd., CTBC Bank Co., Ltd., Cathay United Bank, Co., Ltd., JA Mitsui Leasing, Ltd.

Merx Aviation Servicing Limited

MUFG Bank, Ltd., DBS Bank Ltd., ING Bank N.V., Sumitomo Mitsui Banking Corporation, Credit Industriel Et Commercial, Oversea-Chinese Banking Corporation Limited, Standard Chartered Bank, United Overseas Bank Limited, BNP Paribas, Bank of America N.A, Commerzbank AG, Commonwealth Bank of Australia, CTBC Bank Co., Ltd., Landesbank Baden-Württemberg

AerDragon Aviation Partners Limited

International Finance Corporation

Indigo Philippines LLC, an affiliate of private equity firm Indigo Partners LLC

Work highlights

  • Advised HSBC on the financing of an Airbus A320NEO aircraft and a Boeing 787-9 aircraft for TATA SIA Airlines Limited.
  • Advised various syndicates as transaction counsel in connection with the business rehabilitation proceedings of Thai Airways International Public Company Limited.
  • Advised various operating lessors as transaction counsel in connection with the business rehabilitation proceedings of Thai Airways International Public Company Limited.

Poland > Dispute resolution

Clifford Chance provides 'service at the highest level', with the ability to draw on the firm's global dispute resolution offering. The Warsaw office is often a hub for cross-border matters across the CEE region, housing experts in arbitration and commercial litigation, as well as criminal and regulatory investigations. Bartosz Krużewski  leads the team in Warsaw, as well as heading the continental European litigation practice group. He is an expert in post-merger, construction, finance and shareholders' disputes. Marcin Ciemiński leads the white-collar, regulatory and compliance group, with additional expertise in the healthcare and life sciences sector. Counsel Michał Drwal has made a name for himself in relation to construction and infrastructure disputes. Counsel Adelina Prokop increasingly acts for foreign investors in international investment arbitration.

Practice head(s):

Bartosz Krużewski; Marcin Ciemiński

Other key lawyers:

Michał Drwal; Robert Moj; Paweł Pogorzelski; Adelina Prokop

Testimonials

‘My summary opinion of the Clifford Chance team from Poland is that they are exceptional people. Their dealings with clients are always respectful and cordial, and close, making interaction and understanding with them easy.’

I am impressed by the excellent work that this team has done in the various arbitration and judicial processes that we have underway in Poland.’

‘Michal Drwal is excellent

‘The services provided as part of the dispute resolution practice, we are talking about here, provided by CC, are at the highest level.’ 

‘CC is characterized by a high level of knowledge of the case, often quoted ad hoc. Each communication also contains conclusions and possible outcome for further actions, suggestions for further steps, and illustrates the consequences of individual event in the progress of litigations.’

‘In everyday co-operation, I work with Michał Drwal and I consider this cooperation to be exceptional. He provides a very orderly and accurate analysis of the situation, he always proposes the next steps, he always consults them with the client.’

‘Clifford Chance is at the forefront of Polish law firms. The team have extensive experience in conducting complex economic matters and expertise to develop commercial, effective solutions.’

‘Clifford Chance offered us a dedicated team of lawyers with the industry knowledge and high legal skills. They have high competences, pro-business approach and attitude to solve complex problems.’

Key clients

Invenergy Renewables LLC

GE Capital

Royal Unibrew A/S

T-Mobile

Abris CEE Mid-Market Fund LP

Raiffeisen Bank International AG

HSBC Bank Polska S.A.

Manchester Securities Corporation

Abener Energia S.A.

Waterland Private Equity Fund

Rexnord GmbH

Vias y Construcciones

Karmar S.A.

Work highlights

  • Representing Bank BPH in proceedings before the Court of Justice of the European Union in a case for a preliminary ruling referred by a Polish court concerning consumer mortgage loans indexed to CHF (C-19/20).
  • Representing Raiffeisen in proceedings before the Polish Financial Supervision Authority (KNF) and the administrative courts concerning the record high penalties of PLN 55 million (EUR 12 million) in total imposed in mid-September 2018 on Raiffeisen in its capacity as the depositary of four closed-end investment funds previously managed by the FinCrea Investment Fund Manager (FinCrea had its licence revoked by the KNF in November 2017) and then by W Investments.
  • Represented Invenergy in a widely publicised BIT arbitration against Poland, concerning Invenergy’s multimillion-dollar investments in the Polish wind energy sector.

Poland > Restructuring and insolvency

Hong Kong > Capital markets (debt)

Although its headcount at a senior level was slightly reduced following the recent relocations of Matthew Fairclough  to London and high yield specialist Alexander Lloyd  to Kirkland & Ellis LLP‘s Boston office, Clifford Chance still has the critical mass and depth of knowledge to be a very popular choice among issuers and underwriters across the gamut of debt capital market products. Led by Connie Heng, the team ‘possess the unique blend of experience, commercial savvy and high conviction‘, enabling it to gain a seat at the table on many off the market’s most significant and cutting-edge mandates. The team has particularly strong relationships with many Chinese SOEs and recently advised the underwriters to one of these – Agriculture Development Bank of China – on China’s first dim sum bond issuance to combat the coronavirus. David Tsai led on this deal and is recognised as ‘one of the most impressive capital markets practitioners‘ in the region. Mark Chan was also involved in the aforementioned mandate, and is recommended for his expertise across a wide range of debt and equity-linked capital markets products. Senior associate Nathan Wong is gaining increased market recognition as a result of his ‘well-grounded technical skills and problem-solving abilities’. 

Practice head(s):

Testimonials

‘Lawyers in the team have solid technical and execution skills. In addition, they are always reachable which is really important from the clients’ perspective.’

The team possess the unique blend of experience, commercial savvy and high conviction.’

David Tsai remains one of the most impressive capital markets practitioners among the China/Hong Kong names and remains a go-to call for us on all relevant queries.’

 ‘I am extremely impressed by Nathan Wong’s coherent and logical organization, well-grounded technical skills, on-point and on-time execution and problem-solving ability. I am looking forward to seeing Nathan as a rising and shining star in the future.’  

 

Key clients

Bank of China

China International Capital Corporation (CICC)

HSBC

Guotai Junan Securities

Standard Chartered

J.P. Morgan

Citi

Beijing Capital Group Co., Ltd

AIA Group Limited

Haier Smart Home

China Ping An Insurance (Group) Company of China, Ltd

Work highlights

  • Advised on the restructuring of certain listed exchangeable bonds issued by a member of Haier Smart Home.
  • Advised J.P. Morgan Securities and UBS on New World Development (NWD) Company Limited’s issuance of $200m 3.75% Guaranteed Sustainability-Linked Notes due 2031.
  • Advised the underwriters in relation to Agriculture Development Bank of China’s dim sum bond offering, issued to combat the coronavirus outbreak.

Singapore > Projects: foreign firms

Clifford Chance is marked out by the breadth of its practice – both in geographical terms, with mandates stretching from Taiwan, Bangladesh and Indonesia to emerging and developing markets across Latin America, the Middle East and Africa – and in terms of sector type, with work cutting across every major asset type. The Asia Pacific team is led by Nicholas Wong, who is also co-head of the global projects practice; he has extensive experience advising on project development and financing, energy regulation, bankability of project structures, joint ventures, PPP and procurement. Matthew Buchanan, who oversees the Asia Pacific construction group, provides valuable assistance with the construction aspects of infrastructure projects. Ross Howard is noted particularly for his work with sponsors and lenders, including multilateral agencies and export credit agencies, on complex and often politically sensitive deals.

Key clients

Caisse de dépôt et placement du Québec (CDPQ)

Macquarie Capital

Asian Development Bank (ADB)

International Finance Corporation (IFC)

Ontario Teachers’ Pension Plan (OTPP)

Japan Bank for International Cooperation (JBIC)

Overseas Private Investment Corporation (OPIC)

ING

SMBC

Mizuho

Work highlights

  • Advised global institutional investor Caisse de dépôt et placement du Québec (CDPQ) on its $2.7bn co-investment in the 605MW Greater Changhua 1 Offshore Wind Farm in Taiwan.
  • Advised Macquarie Capital, Ørsted and Swancor Renewable Energy (the sponsors) on their $627m 16-year project financing of the development, construction, commissioning, testing and operation of Formosa 1 – Taiwan’s first commercial scale offshore wind farm.
  • Advised OPIC, the US Government’s development finance institution, and EKF, Denmark’s Export Credit Agency, as the lenders in connection with the development and financing of a 158MW wind farm which will be constructed in the commune of Taïba N’Diaye, approximately 75km north east of Dakar, Senegal.

Vietnam > Foreign desks

Clifford Chance's involvement in the Vietnamese market dates back more than 30 years. It draws upon the experience of partners and associates based in Singapore and Tokyo to advise on banking and finance, corporate and M&A, as well as projects and energy mandates. In Singapore, Fergus Evans focuses on syndicated loans and project finance transactions, as well as aircraft and asset finance matters. Another key individual is Ross Howard, who is experienced in the financing aspects of energy, natural resources and infrastructure projects. Elsewhere, Hans Menski in Tokyo is another key individual with finance expertise, including in ECA-backed and multi-source financings. The corporate and M&A side of the practice is largely led by Valerie Kong. The firm regularly works with the leading independent firm VILAF.

Other key lawyers:

Testimonials

‘Expertise in project finance and market knowledge/application in Vietnam; commercially-sensible approach; great on management of local counsel and local law issues; positive fun approach to work and clients.’

Key clients

Asian Development Bank

AIA

Work highlights

  • Advised Asian Development Bank on the financing of a 257MW solar power plant.
  • Advised AIA Group Limited’s amendment, restatement and extension of its $100m equivalent multicurrency revolving umbrella credit facility agreement.

India > Foreign firms

With a deep knowledge of the Indian market, and the legal problems it throws upClifford Chance LLP is an attractive option for cross-border deals that have an India aspect. The practice is headed by Nish Shetty and Kabir Singh in Singapore, both of whom have extensive arbitration practices, and Mark Poulton and Ranbir Hunjan in London. Expertise is provided for corporate transactions, financings and litigation/arbitration matters. It has an extensive roster of US, international, investment and Indian banks and funds, and has a strong focus on investments, mergers and acquisitions in the energy markets. Thomas England is a key partner for banking and finance work; advising banks and borrowers on financing and restructurings across South and Southeast Asia, and US qualified Johannes Juette‘s expertise covers capital markets and securities law. Paul Tan joined the team in late 2020 from Rajah & Tann Singapore LLP; he is a partner with Cavenagh Law (which has a formal law alliance – Clifford Chance Asia). Tan is part of the team that has extensive experience of arbitration matters including SIAC, ICC, LCIA and ICSID.

Testimonials

The members of the team are very experienced and able, with a deep knowledge of the Indian market, and the legal problems it throws up.’

‘They are outstanding lawyers, with bags of experience and good judgment. Standout partners in this area are Nish Shetty, Paul Sandoshan and Kabir Singh.’

Key clients

Embassy Office Parks

Kotak Mahindra Capital Company

Citibank

Blackstone

Adani Green Energy Limited

Goldman Sachs India

Morgan Stanley India

SBI Capital Markets

Partners Group

Berkeley Energy

Work highlights

  • Advising Adani Green Energy Limited on its c.USD 3.5 billion acquisition of SB Energy’s 5 GW India renewable power portfolio.
  • Advised the lead managers, Barclays Bank PLC, Citigroup Global Markets Limited, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities plc, MUFG Securities Asia Limited, Standard Chartered Bank  on the US$1 billion Rule 144A/Reg S drawdown of Notes by Export-Import Bank of India.
  • Advising a major Indian conglomerate on issues in relation to the investment and its various strategic options.

Ghana > Foreign firms Tier 1

Clifford Chance LLP has an established reputation for its work on a broad range of key transactions in Ghana for clients spanning national and international financial institutions, industrial conglomerates, construction companies and businesses in the energy, oil and gas sectors. It also advises private equity funds, public institutions and agencies. Jeremy Connick plays a pivotal role in major energy and infrastructure projects. Newly-promoted partner Olamide Oladosu and senior associate Kayode Oladipo jointly leas the department; Oladipo specialises in all aspects of emerging market cross-border financings.

Other key lawyers:

Key clients

Early Power Limited

Genser Energy Ghana Limited

Development Bank for Southern Africa

Absa Bank Limited

Mauritius Commercial Bank Limited

African Infrastructure Investment Managers

Standard Bank of South Africa

Rand Merchant Bank

Credit Suisse AG, London Branch

Deutsche Bank

Investec Bank

Ecobank Ghana

Work highlights

  • Advising the sponsors on securing long term project financed facilities for the Bridge Power Project, Tema, Ghana.
  • Advised the lenders on the construction, development and financing of two LNG vessels to be used for loading, unloading, regasification, storage and transportation services of liquefied natural gas in the port of Tema, located in the Republic of Ghana.
  • Advised the lenders on the development and financing of an LNG regasification plant in the port of Tema, Ghana with one floating storage unit and one floating regasification unit.

Angola > Foreign firms Tier 2

Clifford Chance LLP’s Angola practice is led by London-based partners Jeremy Connick and Leonard Cleland and offers a broad inbound and outbound transactional practice. The team regularly advises financial institutions, industrial conglomerates, oil and gas suppliers/operators and other relevant clients in the energy, mining and telecoms sectors. At the senior associate level, Kayode Oladipo is a key name; he specialises in all aspects of emerging markets cross-border loan financing.

Practice head(s):

Jeremy Connick; Leonard Cleland

Other key lawyers:

Testimonials

‘We have been working with Clifford Chance on a regular basis and on several financing transactions in Angola and Mozambique. They have very good knowledge of local laws and practices, the appropriate expertise, are capable of offering innovation and high quality services.’

Key clients

GE Capital EFS Financing Inc.

Gemcorp Capital LLP

Credit Suisse AG, London Branch

HSBC

VTB Capital

Africell Holding Ltd

ING Bank

DBSA

Work highlights

  • Advised ING Bank and the DBSA on the €640m financing of seven solar farms in Angola with a combined capacity of 370MW.
  • Advising Africell in relation to a commercial facilities arrangement arranged by Gemcorp Capital to support the group’s expansion into the Angolan telecoms markets.

Mozambique > Foreign law firms Tier 2

Clifford Chance LLP's Mozambique team combines the expertise of its lawyers across various practice areas, and is particularly active in the renewables and oil and gas sectors. London-based partner Jeremy Connick and Dubai-based consultant Gibbs Johnson co-lead the practice. Connick maintains a strong sponsor and lender practice with extensive expertise in M&A and joint ventures. Johnson has over 20 years of experience in project financing, particularly in the electricity sector.

Practice head(s):

Jeremy Connick; Gibbs Johnson

Key clients

Globeleq Africa

Proparco / Agence Française de Développement

Standard Bank of South Africa

Absa

IFC

Emerging Africa Infrastructure Fund

Sasol

EDM

Work highlights

  • Acting for Globeleq Africa, Sasol Africa Limited and Electricidade de Moçambique as sponsors in connection with the development, construction, financing and operation of the Central Termica de Temane gas-fire power project.
  • Advising on a deal for Azura Power to purchase Sasol’s entire interest in Central Termica De Ressano Garcia.
  • Advising Emerging Africa Infrastructure Fund (“EAIF”) on the design, development and financing by a Globeleq controlled entity of an approximately 18 MWp solar photovoltaic power plant in Mozambique.

The firm: Clifford Chance is one of the world’s pre-eminent law firms, with significant depth and range of resources across five continents. As a single, fully integrated, global partnership, it prides itself on its approachable, collegial and team-based way of working. The firm always strives to exceed the expectations of its clients, which include corporates from all the commercial and industrial sectors, governments, regulators, trade bodies and not-for-profit organisations. It provides them with the highest quality advice and legal insight, which combines the firm’s global standards with in-depth local expertise.

Types of work undertaken
Capital markets: the capital markets practice concentrates on securities transactions and other products sold into the capital markets. The practice is founded on a full-service US and UK securities law capability, complemented by local securities law expertise in each of the key financial centres. It provides practical, integrated legal advice covering the full spectrum of global capital raising activities including public and private domestic and international offerings of traditional debt and equity securities as well as convertible and other derivative and structured securities.

Corporate: the corporate practice handles some of the world’s largest and most complex M&A transactions. It combines global transaction capability with a full service of English, US and civil law expertise in the key financial centres across Europe, the Americas and Asia Pacific. In addition to mainstream M&A, the firm also encompasses leading specialist practices in: commercial contracts, competition and antitrust, communications, energy, healthcare, financial institutions, funds, investment banking, insurance, media and technology, and private equity.

Finance: Clifford Chance’s finance practice is the leading international finance practice of any law firm. The practice provides highly commercial and practical advice across the full spectrum of financial products including syndicated lending and leveraged and acquisition finance, asset finance, derivative products, project finance, financial regulatory, insolvency, restructuring and structured finance.

Litigation and dispute resolution: the firm has experience in virtually all segments of the business and financial markets across multiple jurisdictions. The lawyers work with clients to resolve disputes efficiently and effectively – whether through arbitration, litigation or other techniques.

Real estate: Clifford Chance’s leading real estate practice offers UK, European, Asian and US real estate capability. The practice advises the real estate industry’s leading players on the entire property ‘life-cycle’ from the initial acquisition, development, leasing, joint venturing and financing through to the final exit, as well as tax structuring, PFI/PPP, corporate outsourcing, planning, environment and litigation.

Tax: Clifford Chance has one of the world’s largest international tax groups within a single law firm. The firm is uniquely placed to provide leading edge advice to clients, and the practice is structured on an integrated global basis. Local tax groups within the practice work closely with areas such as securitisation, securities, M&A, corporate restructuring, private equity, real estate and funds.

The pan-European VAT group advises on all areas of VAT and has particular strength advising on novel and complex issues in the structured finance, financial services, corporate finance and real estate sectors.

Employment, employee benefits and pensions: the team of experienced employment, employee benefits, ERISA, immigration and pensions specialists work with clients from a wide range of sectors to address local and cross-border issues.

International offices: Abu Dhabi, Amsterdam, Barcelona, Beijing, Brussels, Bucharest, Casablanca, Delhi, Dubai, Dusseldorf, Frankfurt, Hong Kong, Istanbul, London, Luxembourg, Madrid, Milan, Moscow, Munich, Newcastle, New York, Paris, Perth, Prague, Rome, Sao Paulo, Shanghai, Singapore, Sydney, Tokyo, Warsaw, Washington, DC

Clifford Chance has a best friends relationship with Redcliffe Partners in Ukraine.

Clifford Chance has a co-operation agreement with Abuhimed Alsheikh Alhagbani Law Firm in Riyadh.

DepartmentNameEmailTelephone
Managing partner Matthew Layton
Senior partner Jeroen Ouwehand
Executive partner Robin Abraham
Administrative and public law Elizabeth Morony
Arbitration (international) Audley Sheppard
Asset finance William Glaister
Banking Rob Lee
Banking litigation Ian Moulding
Civil fraud Roger Best
Commercial Andre Duminy
Commercial litigation Matthew Newick
Commodities Adrian Cartwright
Construction David Metzger
Contentious trusts Jeremy Kosky
Contentious trusts Jeremy Sandelson
Corporate finance Nigel Wellings
Defamation Matthew Newick
Derivatives Kevin Ingram
Employee benefits/employment Sonia Gilbert
Energy and natural resources Jeremy Connick
Environment Nigel Howorth
EU and competition Alex Nourry
Financial services Simon Crown
Insolvency and restructuring Philip Hertz
Insurance Katherine Coates
Intellectual property Vanessa Marsland
International capital markets Adrian Cartwright
IT Joachim Fleury
Life sciences Stephen Reese
Life sciences Gareth Camp
Pensions Hywel Robinson
PFI Michael Pearson
PFI David Metzger
Planning Nigel Howorth
Private equity (MBOs/funds) Simon Tinkler
Product liability Julian Acratopulo
Professional negligence Philip Hill
Project finance Jeremy Connick
Public policy/sector Phillip Souta
Rail Alex Nourry
Real estate Nigel Howorth
Real estate debt finance Andrew Carnegie
Regulatory Chris Bates
Retail Vanessa Marsland
Sovereign debt rescheduling Deborah Zandstra
PhotoNamePositionProfile
Julian Acratopulo photo Julian AcratopuloPartner
Michael Bates photo Michael BatesRegional Managing Partner, UK
Roger Best  photo Roger Best Partner
Lindsay Bickerton photo Lindsay BickertonSenior Associate
David Bickerton  photo David Bickerton Partner
Edward Bretherton photo Edward BrethertonSenior Associate
Nicole Buncher photo Nicole BuncherSenior Associate
Clare Burgess photo Clare BurgessPartner
Gareth Camp photo Gareth CampPartner
Donald Carden photo Donald CardenDonald Carden regularly advises multinational corporations, financial institutions, insurance companies and funds…
Andrew Carnegie  photo Andrew Carnegie Partner
Paul Carrington photo Paul CarringtonPartner
Adrian Cartwright  photo Adrian Cartwright Global Practice Area Leader for Capital Markets
Helen Carty photo Helen CartyPractice Area Leader L&DR London
Peter Chapman photo Peter ChapmanPartner
Jane Cheong  photo Jane Cheong Partner
Timothy Cleary photo Timothy ClearyPartner
Leonard Cleland photo Leonard ClelandPartner
Katherine Coates  photo Katherine Coates Partner
Andrew Coats photo Andrew CoatsPartner
Carlos Conceicao photo Carlos ConceicaoPartner
Jeremy Connick photo Jeremy ConnickPartner
John Connolly  photo John Connolly Partner
Simon Crown photo Simon CrownPartner
Stephen Curtis photo Stephen CurtisPartner
Michael Dakin photo Michael DakinPartner
Paget Dare  photo Paget Dare Partner
Chris Davies photo Chris DaviesGlobal Practice Area Leader for TPE
Simon Davis  photo Simon Davis Partner
Paul Deakins photo Paul DeakinsPartner
Dorian Drew photo Dorian DrewPartner
André Duminy  photo André Duminy Partner
David Dunnigan  photo David Dunnigan Partner
Richard Evans photo Richard EvansSenior Associate
Melissa Fogarty photo Melissa FogartyJoint Head of Corporate, London
Emma Folds photo Emma FoldsPartner
Steven Fox photo Steven FoxPartner
Sonia Gilbert photo Sonia GilbertPartner
Jessica Gladstone photo Jessica GladstonePartner
William Glaister photo William GlaisterPartner
Simon Gleeson  photo Simon Gleeson Partner
Elizabeth Hardacre photo Elizabeth HardacreSenior Associate
David Harkness  photo David Harkness Partner
Taner Hassan photo Taner HassanPartner
Nigel Hatfield photo Nigel HatfieldPartner
Philip Hertz  photo Philip Hertz Global Head of Restructuring and Insolvency
Oliver Hipperson photo Oliver HippersonPartner
Jenine Hulsmann photo Jenine HulsmannPartner
Ranbir Hunjan photo Ranbir HunjanPartner
Christopher Ingham photo Christopher InghamSenior Associate
Kevin Ingram  photo Kevin Ingram Partner
Nelson Jung photo Nelson JungPartner
Angela Kearns photo Angela KearnsPartner
Andrew Kelly photo Andrew KellyPartner
Jeremy Kosky photo Jeremy KoskyPartner
Bartosz Krużewski  photo Bartosz Krużewski Bartosz Krużewski’s practice focuses on a wide range of arbitration and litigation…
Rob Lambert  photo Rob Lambert Partner
Adrian Levy photo Adrian LevyPartner
Tim Lewis  photo Tim Lewis Partner
Rae Lindsay  photo Rae Lindsay Partner
Jessica Littlewood photo Jessica LittlewoodPartner
Jim MacHale photo Jim MacHalePartner
Emma Matebalavu photo Emma MatebalavuHead of London Finance
Katherine Moir photo Katherine MoirPartner
Elizabeth Morony photo Elizabeth MoronyPartner
Maxine Mossman photo Maxine MossmanPartner
Habib Motani  photo Habib Motani Partner
Ian Moulding  photo Ian Moulding Partner
Matthew Newick photo Matthew NewickGlobal Head of Litigation & Dispute Resolution
Kelwin Nicholls photo Kelwin NichollsPartner
Guy Norman photo Guy NormanGlobal Practice Area Leader for Corporate
Alex Nourry  photo Alex Nourry Partner and Head of London Antitrust Practice
Barry O'Shea photo Barry O'SheaPartner
Chinwe Odimba  photo Chinwe Odimba Partner
Greg Olsen photo Greg OlsenPartner and Head of London Antitrust Practice
Ian Painter photo Ian PainterPartner
James Pay photo James PayPartner
Alis Pay photo Alis PayPartner
Mark Payne photo Mark PaynePartner
David Pearson  photo David Pearson Consultant to Clifford Chance
Damian Perry  photo Damian Perry Consultant to Clifford Chance
David Pudge photo David PudgePartner
David Robson photo David RobsonPartner
David Saleh photo David SalehPartner
Jeremy Sandelson  photo Jeremy Sandelson Partner
Gerard Saviola photo Gerard SaviolaPartner
Kate Scott photo Kate ScottPartner
Angela Shepherd photo Angela ShepherdSenior Associate
Audley Sheppard  photo Audley Sheppard Partner
Simon Sinclair photo Simon SinclairPartner
Jonathan Solomon  photo Jonathan Solomon Global Head of Real Estate
Phillip Souta photo Phillip SoutaHead of UK Public Policy
Tim Steadman  photo Tim Steadman Consultant
Christopher Sullivan photo Christopher SullivanPartner
David Towers photo David TowersPartner
Kate Vyvyan photo Kate VyvyanPartner
Christopher Walsh photo Christopher WalshPartner
Dominic Watts photo Dominic WattsSenior Associate
Nicola Wherity photo Nicola WherityPartner
Iain White photo Iain WhitePartner
Christopher Yates photo Christopher YatesPartner
Number of UK partners : 178
Number of other UK fee-earners : 698

Advice To My Younger Self: Reflections of Successful Women Lawyers

Women lawyers open up about their careers and defining choices

Advice To My Younger Self: Reflections of Successful Women Lawyers is published by The Legal 500‘s GC Magazine in collaboration with Clifford Chance. Now in its second release, the book is a practical resource for anyone interested in charting a successful career path at a law firm or by moving in-house. It features interviews with 20 women partners, alumnae and in-house counsel, with additional contributions from members of Clifford Chance’s senior management and US-based recruiting team. Visit our website to learn more about practical tips for building your career.

http://www.legal500.com/clifford-chance/advice-to-my-younger-self


RISING LAWYERS open up about their priorities and strategies for success

Their Voices: Insights from Today’s Rising Lawyers by The Legal 500‘s GC Magazine in collaboration with Clifford Chance. Geared primarily for students and junior lawyers, the book is a practical resource for those considering law school or just beginning a legal career. Twenty junior lawyers offer diverse perspectives on what inspires them about the law, and the strategies that are helping them stay in touch with their priorities and define the future of their careers. Their Voices also provides insights for senior lawyers as they mentor the next generation of leaders.

http://www.legal500.com/clifford-chance/their-voices

The Lex 100 Verdict

Magic Circle firm Clifford Chance’s countless tier 1 Legal 500 rankings didn’t go unnoticed by trainees. A ‘strong reputation across practice areas, in particular litigation’ appealed to those who ‘want to see all types of work within one firm’. But Clifford Chance’s distinguishing feature is undoubtedly its ‘genuine commitment to diversity’: ‘it actually works on being actively inclusive’ and trainees are made to feel that ‘you can be who you really are – there is no stereotype’. Several respondents had sampled the vacation scheme, for which CC has earned a Lex 100 Winner award, and ‘clicked immediately with the people’ who are ‘brilliant at what they do and make for wonderful colleagues to learn from’. Recruits even went as far as to say that ‘everyone has a desire to push you to become the best version of yourself on some of the best deals out there’. Clifford Chance has also been awarded Lex 100 Winner gongs for quality of work, salary, approachability of supervisors, living up to expectations, inclusiveness and international secondments, . Unsurprisingly for a City firm, ‘the hours and stress can get intense at times, especially when working on fast-paced, big-ticket transactions’ and ‘the separation between working and non-working time can be very blurred’. Some respondents feel as though they are ‘on call 24/7’, and ‘working entire weekends’ is certainly not unheard of. The reward for this hard work comes in the form of highlights such as ‘working on multiple closings across various jurisdictions in a single day’ and ‘being involved in a major hostile takeover – it was an amazing couple of months full of drama and adrenaline’. To work at a ‘forward-looking, dynamic firm’ with an unmistakeable international focus, take a closer look at Clifford Chance.