Firm Profile > Clifford Chance > Washington DC, United States

Clifford Chance
2001 K STREET NW
WASHINGTON DC 20006-1001
United States

Financial products Tier 1

At Clifford Chance, financial products taxation is handled by the impressive US tax department in New York, which works closely with the firm's global office network and transactional departments in the US. A core focus for the group is real estate investment trusts (REITs), an area where Michael Seaton takes the lead, advising on the tax aspects of REIT transactions and formations. Also in the real estate and mortgage finance space, Jim Gouwar is recommended for REMIC work, as well as mortgage- and asset-backed transactions. Avrohom Gelber is another standout name in the team, specializing in cross-border finance and capital markets transactions, with a particular strength in CLOs. Also recommended are David Moldenhauer, who acts for an impressive roster of financial institutions and investment funds, and counsel Rebecca Pereira, another contact for matters at the intersection of real estate, capital markets and investment management.

Practice head(s):

David Moldenhauer

Other key lawyers:

Jim Gouwar; Avrohom Gelber; Michael Seaton; Rebecca Pereira; Lauren Clarke

Key clients

Apollo Commercial Real Estate Finance Inc.

Berkshire Residential Investments

Colony Capital

Ardian

Global Jet Capital Inc.

Greystone & Co., Inc.

Hearst Corporation

Madison International Realty

National Storage Affiliates Trust

Cantor Fitzgerald

Transport: aviation and air travel - finance Tier 1

With an established track record of working on a number of industry first transactions, Clifford Chance is particularly respected for its commercial and export credit agency (ECA) financing expertise. The team is highly experienced in aviation capital markets transactions, including landmark debt and equity offerings, as well as sophisticated portfolio securitizations and enhanced equipment trust certificate (EETC) issuances. It also boasts a market-leading operating lessor practice. John Howitt and Zarrar Sehgal jointly lead the firm's US asset finance practice; Howitt focuses on aircraft finance, while Sehgal and Patrick O’Reilly recently advised Avolon Aerospace Leasing on the closing of Sapphire Aviation Finance II and Sapphire Finance I's issuance of $620m fixed rate secured notes. Also key to the group are Emily Wicker and Madalyn Miller, who regularly assist with aircraft and equipment finance matters. All named advisors are based in New York.

Practice head(s):

John Howitt; Zarrar Sehgal

Other key lawyers:

Emily Wicker; Patrick O’Reilly; Madalyn Miller

Key clients

AerCap

ILFC

Avolon

AWAS

BBAM

Deutsche Bank

DVB Bank

GECAS

Global Jet Capital, Inc.

Goldman Sachs

Stonebriar Commercial Finance

Insurance: non-contentious Tier 2

The insurance team at Clifford Chance is best known for its advisory role in complex M&A transactions, the formation of new companies and capital raising, and insurtech. In the emerging area of insurtech, Nick Williams  recently advised the Winklevoss twins on their launch of a cryptocurrency captive insurer. Leading the practice is Gary Boss, who has extensive experience in cross-border M&A transactions, recently advising Watford Holdings on its multimillion-dollar sale to Arch Capital group, a Bermuda-based insurance company. Other key strengths include advice on innovative investment strategies; Analisa Dillingham is a specialist in this area and was promoted to partner in May 2020. The firm also has a strong talent pool of senior associates, with Dean Agnos and Kirsten Gaeta as ones to watch. All lawyers are based in New York.

Practice head(s):

Gary Boss

Other key lawyers:

Nick Williams; Analisa Dillingham; Dean Agnos; Kirsten Gaeta

Testimonials

‘Clifford Chance has great insurance knowledge and expertise. They are able to synthesize complex insurance-related legal issues and cut to the issues that matter. I know I’m getting the right level of partner attention and that they keep deal teams smaller.’

‘Broad and deep knowledge of the insurance industry and relevant issues for transaction execution. Experienced team with a long history working across numerous transactions with multiple counterparties. Excellent industry contacts. ’

‘Gary Boss stands out for his knowledge and strong industry contacts across a wide spectrum of firms and individuals. He is able to work through complicated situations and come to commercial solutions.’

‘Stand out team of strong lawyers across Insurance, M&A and other disciplines.’

‘Each of the individual lawyers and together as a cross-disciplinary team have been exemplary in their advice and service. They are timely in responding and always provide careful consideration and analysis to every matter whilst being entirely pragmatic and commercial. ’

‘Gary Boss and Analisa Dillingham- both partners. Both very technically competent and easy to reach. They are responsive and accurate with their work and assessments. They think broadly and are willing to listen to my thoughts and to react to them with solid legal work.’

‘The coordinated, multidisciplinary and multinational expertise this team is able to provide is unsurpassed by other pre-eminent firms. Ability to provide practical, business-oriented approaches to solve complex legal/regulatory matters.’

‘The team has unique expertise in the field of non-payment insurance which sets them apart from other law firms. Knowledge of policy documents, as well as the regulatory environment, allows them to confidently advise, clients, insurers and brokers alike.’

‘Excellent team and industry expertise. Very significant deal experience. Only a very few firms have this level of deal experience and industry knowledge’

‘The entire team is outstanding. Reliable, trustworthy, professional, incredibly smart and knowledgeable in their respective area of expertise.’

‘Gary Boss is our main CC partner, and he has never failed to provide excellent counsel himself and he enlists experts from other areas of the firm when applicable. He has a very well-honed commercial sense and a talent for distilling issues down to core elements so decisions can be made. — Key associates working for Gary are Dean Agnos and Kirsten Gaeta. Both work tirelessly and effectively. Per Chilstrom is our Securities Law partner and shepherded us through a long and difficult IPO/Direct Listing process magnificently. Michael Seaton is our Tax Law partner, and he has been invaluable with regard to Onshore/Offshore business issues that have tax implications. Howard Adler is a very knowledgeable Employment Law partner who helped us immensely not only during our private phase but also in designing our LTIP and other employment-related issues related to our being a public company. ’

Key clients

American International Group (AIG)

Apollo Global Management

Armour Group

Berkshire Hathaway Specialty Insurance

Harrington Re

Legal & General Group plc / Banner Life Insurance Company and William Penn Life Insurance Company of New York

Premia Holdings Ltd.

Sedgwick

The Teachers Insurance and Annuity Association of America-College Retirement Equities Fund (TIAA)

Watford Holdings Ltd.

Real estate investment trusts (REITs) Tier 2

The 'highly knowledgable and experienced team' at Clifford Chance is active across the spectrum of US REIT-related matters. It offers advice on capital markets transactions, M&A, large-scale joint venture, corporate governance, and tax matters, acting for public, non-traded, mortgage and equity REITs. The firm has been involved in innovative matters, including the first cryptocurrency and ground-lease REITs, as well as completing the first REIT M&A transaction during the pandemic period. Also of note, the team served as underwriters' counsel on the IPO of Broadstone Net Lease, one of the largest public offerings of 2020. Kathleen Werner leads the practice from New York.

Practice head(s):

Kathleen Werner

Other key lawyers:

Andrew Epstein; Larry Medvinsky; Jay Bernstein

Testimonials

‘Highly knowledgable and experienced team. Deep understanding of different subjects and breath within the firm to handle different requirements.’

‘Jay Bernstein and Andy Epstein are very thoughtful lawyers who give good advice and solve problems. Team always seems to get done what is needed even on last minute transactions.’

Key clients

National Storage Affiliates

Chimera

Duke Realty

ReNew REIT LLC

Apollo Commercial Real Estate Finance, Inc.

Watermark Lodging Trust, Inc.

Industrial Property Trust

iStar Inc.

Ready Capital Corporation

KITE Realty

Structured finance: securitization Tier 2

Providing clients with 'white glove service',  Clifford Chance's structured finance and capital markets team in New York has strengths in a wide variety of structured finance transactions, including RMBS, CMBS and CLOs. The group also has an active marketplace and consumer lending practice, as well as an ABS practice revolving around aircraft leases. The group is able to provide comprehensive service to clients, drawing on its solid presence across European and Asian financial centers, and a strong New York-based tax offering. Robert Villani leads the practice group and has particular expertise in CLOs. Lee Askenazi is noted for mortgage-backed securities, while James Gouwar concentrates on CLOs and REMICs. Dual-qualified in England and New York, Gareth Old is recognized here for his knowledge of regulatory and transactional issues.

Practice head(s):

Robert Villani

Other key lawyers:

Lee Askenazi; Jim Cotins; Matt Lyons; Robert Hagan; James Gouwar; Gareth Old; Alistair Dunlop; Rebecca O’Brien

Testimonials

‘Technically excellent, providing practical advice and are willing and able to field experts across the board to assist with problem solving and general day to day advice.’

‘I think that Clifford Chance provides “white glove service”. They are by far the best in class. They know what in-house counsel and business people want and CC delivers it without prompting. The major difference is that when they present a problem or issue they also present possible solutions and a suggested path forward. They are very commercial and get deals done. Their entire team consists of very personable lawyers that you enjoy working with.’

‘They handle a wide variety of financing technics for our asset class. We can use them for securitization, secured lending, and new financing structures.’

‘Strong structured finance expertise that comes into play when deal issues arise – confidence that we have the right backing. Limited management needed – conversations are quick and people get to work and do the needful – helps free us as business leaders to focus on our business. Personal relationships are strong – easy to communicate when relationships are strong – formality becomes unnecessary. Will go above and beyond scope of work to complete tasks which is always appreciated.’

‘LOVE working with Lee Askenazi and Peter Manno. Easy to work with, strong expertise in the areas important to us, always go outside scope to ensure transactions are completed and feels like we don’t need to spend a lot of time on deals or tasks where they are involved which is invaluable to us.’

‘Robert Villani leads our service team. The team does securitization work for our CLO business. Robert and his team provide excellent advice and service in this highly specialized area.’

Key clients

Bayview Asset Management

Chimera Investment Corporation

Credit Suisse Asset Management

RREEF America LLC

Waterfall Asset Management/ ReadyCap Commercial

New York Life Investors, LLC

York CLO Managed Holdings, LLC

Apollo Global Management

Symphony Asset Management, LLC

ZAIS Leveraged Loan Master Manager, LLC

Capital markets: global offerings Tier 3

Clifford Chance's global standing and expansive geographic presence places it in a strong position to handle global offerings. In particular, many of the firm's New York-based capital markets lawyers have extensive experience with Latin America offerings. While maintaining strong connections to international banks, the firm has also built a sizeable portfolio of corporate and sovereign clients in Latin America. The New York team works frequently with colleagues in São Paulo, and has enjoyed a recent uptick in equity offerings by Brazilian issuers. A prominent name in corporate and sovereign offerings in Latin America is Jonathan Zonis, who co-heads the Americas capital markets practice and also heads up the Latin America practice. Hugo Triaca has also made a considerable impact in the team.

Practice head(s):

Jonathan Zonis

Other key lawyers:

Hugo Triaca

Testimonials

‘Very high quality professionals with extensive knowledge of American capital markets and regulation.’

‘Deep knowledge of the area in which they operate, availability, security in the past information.’

Key clients

AES Panama

Republic of Costa Rica

Eletrobras

Empresas Públicas de Medellín E.S.P.

BNDES

Banco Latinoamericano de Comercio Exterior, S.A.

Compañía Latinoamericana de Infraestructura y Servicios S.A.

Corporación Financiera de Desarrollo S.A.

Goldman Sachs

JS Global (SharkNinja in the US)

Fintech Tier 3

Clifford Chance's impressive track record in banking and financial services  feeds into its strong capabilities in the fintech space. The firm is especially active on the transactional and regulatory front, where it represents a mix of banks, investors, trade organizations, and specialized fintech service providers. Recent highlights have included major acquisitions in the payment solutions sector and support on digital asset securities. The team is jointly led by New York's David Felsenthal, who is especially focused on the development of new structures, including blockchain and token sales, and by Steven Gatti and Megan Gordon in Washington DC, who have strong backgrounds in regulatory matters, investigations and enforcement proceedings. Jason Myers is recommended for capital markets and securities matters.

Practice head(s):

Steven Gatti; Megan Gordon; David Felsenthal

Other key lawyers:

Jason Myers

Testimonials

‘Clifford Chance partners, associates, and supporting staff are some of the most professional and knowledgeable out there who are constantly providing guidance and sharing their insight with their clients. Some noteworthy individuals include but are not limited to: Steve Gatti, Partner, who often provides key insights into the regulatory landscapes at industry events such as the Chamber.’

Key clients

Slice Insurance Technologies

R3

Securitize

FIS

WEX

Gemini

Emaar Properties PJSC

International tax Tier 3

As head of the New York-based international tax practice at Clifford Chance, David Moldenhauer regularly advises global investment management teams on complex tax structures relating to fund formations and associated compensation arrangements. Avrohom Gelber has expertise in domestic and international capital markets issuances; Philip Wagman focuses on international M&A; and Michael Seaton handles REIT IPOs and restructurings for strategic investors including sovereign funds. Also recommended are James Gouwar, who advises on structured products, including MBS and CLOs, and counsel Rebecca Pereira.

Practice head(s):

David Moldenhauer

Other key lawyers:

Avrohom Gelber; Phiip Wagman; Michael Seaton; Rebecca Pereira; James Gouwar

Testimonials

‘The team provides sophisticated tax advice, while being commercial. Clifford Chance understands the different constituents in a deal and provides excellent service/perspective.’

‘Michael Seaton is an elite tax lawyer. He has deep expertise of any real estate tax issues and is very commercial. He is responsive and a top-quality tax advisor.’

Key clients

Apollo Commercial Real Estate Finance Inc.

Berkshire Residential Investments

Colony Capital

Ardian

Global Jet Capital Inc.

Greystone & Co., Inc.

Hearst Corporation

Madison International Realty

National Storage Affiliates Trust

Cantor Fitzgerald

Securities litigation: defense Tier 3

Clifford Chance's global network of offices positions the New York office perfectly to handle securities litigation involving overseas banks and corporates facing complaints under US law. The practice is 'very commercially-minded with broad experience' and includes seven former federal prosecutors. It has been involved in class actions and government investigations regarding LIBOR and Treasury Securities Auctions. Among recent highlights, it is handling the defense of ICBC Standard Bank in US class action litigation concerning alleged manipulation of platinum and palladium benchmarks in London. Robert Houck is the lead partner and clients note that he is 'terrific with clients and understands that it is about their business, not his case'. Partner Robert Rice, previously chief counsel to the chair of the SEC, is 'a tremendous asset with years of government experience'.

Practice head(s):

Robert Houck

Other key lawyers:

Robert Rice; John Friel

Testimonials

‘Very commercially-minded with broad experience.’

‘Rob Houck is an excellent lawyer. He is terrific with clients and understands that it is about their business, not his case. He is a very thoughtful and effective advocate with regulators. And he’s great to work with.’

‘A strong team in NYC tapped into firm-wide resources and expertise.’

‘Rob Houck is a terrific problem solver and all-around great litigator. A pleasure to work with. Bob Rice brings years of government experience to bear; a tremendous asset.’

‘Rob Houck is a very talented securities and white-collar lawyer and strategist. I had the privilege of working with Rob on a criminal antitrust matter a few years ago, and I got to see up close his skill, as he interviewed my three clients, all employees of the company Rob represented. He was an excellent interviewer: clear, thorough, and strategic in terms of what he asked and how he asked his questions. John Friel also worked on the same matter, and I was impressed by him as well.’

‘Clifford Chance has an excellent team in New York and they represent financial institutions in important securities litigation matters.’

‘Rob Houck is an excellent and skilled partner that has the confidence of many clients, and is an effective advocate. The international platform is a strength for them.’

‘Legal knowledge was exceptional, but balanced with a business consideration.’

‘Relentless, smart, easy to work with. They listen to the client, understand the business aspect and have resourceful lawyers.’

Key clients

Bank of Montreal

Capital Dynamics

ICBC Standard Bank Plc

The Royal Bank of Scotland

Mike Lynch, founder of Autonomy

Santander Bank

Oracle Corporation

Structured finance: derivatives and structured products Tier 3

Primarily based in New York, the structured capital markets team at Clifford Chance is praised by clients for its ability to 'navigate quite easily through very bespoke and complex structures'. The group focuses on structured real estate transactions, trade finance and cross-border work where it often acts in tandem with lawyers from across the firm's global office network. Jointly leading the department, 'quarterbackDavid Felsenthal is an expert in synthetic and credit risk transfer transactions; Gareth Old, dual-qualified in England and New York, has substantial regulatory expertise and regularly advises financial institutions on complex structured transactions; and Lee Askenazi focuses on securitization and ABS, but also has experience of repurchase deals and securities regulation.

Practice head(s):

Gareth Old; Lee Askenazi; David Felsenthal

Other key lawyers:

Robert Villani; Robert Hagan; Alistair Dunlop

Testimonials

‘The team is number one in synthetic securitizations. They know all the issues including capital and accounting issues. Also excellent derviatives practice both in transaction and regulatory aspects.’

‘David Felsenthal in the U.S is the go to person for all synthetic deals. Great lawyer, responsive, thoughtful and commercial. Is able to solve difficult regulatory issues in a commercial manner.’

‘The team at Clifford Chance is truly spectacular expert in my business sector (securitized products). The team is always very responsive and delivers expertise in plain vanilla to esoteric products.’

‘Clifford Chance provides “white glove service”. Their work product and service is best in class. It as if all them have been in a company before. They anticipate your needs before you express them.’

‘David Felsenthal has a depth of knowledge and has a professor like aspect to his practice. But he is also very commercial.’

‘Extraordinary high-touch service with a deep understanding of the client’s architecture and needs.’

‘Lee Askenazi and Robert Hagan are outstanding partners. They consistently exhibit resourcefulness and aptitude with a “can-do” approach. They excel above certain competitors because of their ability to find ways to get things done rather than relying on precedence or market chatter of why things can’t get done. We view Clifford not only as a third-party legal resource but as a collaborative partner navigating the structured finance, compliance, contract finance and legal environment. We are better as a firm because of Clifford Chance.’

‘Clifford Chance has excelled in providing us with more esoteric advice. Straight forward deals can be done by anyone, but Clifford Chance has excelled in looking for “outside the box” solutions with us.’

‘As with any industry, the interpersonal relationships can often make the difference. I regularly speak to the partners I work with at all hours of the day so it matters when that relationship is free and easy.’

‘The firm has prioritized efficient access to key practice areas for clients active in complex structured transactions. Navigating to find core competence is never complicated and we’re never left to feel as if we are another partner’s priority.’

‘As a quarterback, David Felsenthal does a great job accessing practice areas, explaining our needs to those areas and making sure we are well served.’

‘Global reach and coordination – large talent base.’

‘David Felsenthal has comprehensive knowledge of the derivatives market – he is super up to date on all new issues. I can count on current knowledge and expertise in an ever changing market.’

‘I find that the combined expertise of this team for both derivatives and securitizations makes it one of our top choices for many structured finance transactions. They seem to navigate quite easily through very bespoke and complex structures.’

‘The partner I work with, David Felsenthal, is thorough and is able to identify and communicate the main risks and issues that we have to focus on in respect of the transaction.’

‘A very good approach and understanding of the current problems/issues in the area – both from a legal and business perspective. Very much involved in the latest developments.’

‘I think the group brings real knowledge of the market to its work and that helps in developing solutions to legal problems. David Felsenthal has been a strong and consistent partner on many issues.’

‘Broad knowledge and experience across multiple products’

‘Gareth Old has the rare ability to abstract essential principles and yet drill down to the necessary details. ’

Key clients

Waterfall Asset Management

Ready Capital Corporation

Banco Santander

Bayview Asset Management

Lakeview

Oceanview Reinsurance Ltd.

Credit Agricole Corporate and Investment Bank

Credit Suisse Asset Management

AIG

Elanus Capital Management

Watford Re Ltd.

Nomura

Angelo Gordon

US taxes: non-contentious Tier 3

Clifford Chance has a strong reputation for developing innovative tax structures for REIT transactions, financial products and mortgage-backed securities. New York-based David Moldenhauer—a renowned federal tax attorney in the fields of energy, fund management and private equity—leads the team, which regularly works on key corporate and commercial transactions for various investors, insurers and capital markets groups. Avrohom Gelber focuses particularly on capital markets deals, including securitization deals and CLOs. Jim Gouwar is noted for his focus on structured finance transactions and REMICs, while Philip Wagman frequently handles M&A, joint ventures and leveraged buyouts. Michael Seaton is recommended for REITs taxation and insurance-related matters, working closely with the firm’s insurance M&A team. All named lawyers are based in New York unless stated otherwise.

Practice head(s):

David Moldenhauer

Other key lawyers:

Avrohom Gelber; Jim Gouwar; Philip Wagman; Michael Seaton

Testimonials

‘The team provides sophisticated tax advice, while being commercial. Clifford Chance understands the different constituents in a deal and provides excellent service/perspective.’

‘Michael Seaton is an elite tax lawyer. He has deep expertise of any real estate tax issues and is very commercial. He is responsive and a top-quality tax advisor. We are fortunate that he advises us (and not our competitors)!’

‘Client-friendly, highly responsive, bright and communicative’

‘Philip Wagman is one of the best tax lawyers I have ever come across. He is able to distill and explain highly complicated tax issues in a way that is easy to understand and has excellent judgment.’

Key clients

Apollo Commercial Real Estate Finance Inc.

Berkshire Residential Investments

Colony Capital

Ardian

Global Jet Capital Inc.

Greystone & Co., Inc.

Hearst Corporation

Madison International Realty

National Storage Affiliates Trust

Cantor Fitzgerald

Capital markets: equity offerings Tier 4

Clifford Chance's US capital markets team has a notably strong record in real estate (including REITs) and international offerings, particularly those originating from Latin America. Fund offerings are another forte for the US-based team. The firm has gained a strong foothold in emerging markets and has gathered a sizeable market share of a resurgent equity capital markets activity in Brazil. It has gained further traction with major sovereign and quasi-sovereign issuers in Latin America. The group is slightly more weighted towards issuers, though still has excellent connections to underwriters thanks to the firm's global standing and the prominence of the New York and Washington DC offices. Andrew Epstein is a senior figure in equity REIT and mortgage REIT offerings, other real estate transactions and specialty finance. Kathleen Werner is another key partner in REIT deals and Jonathan Zonis has noted experience in Latin America offerings, including those by sovereign issuers. Hugo Triaca is also developing a strong reputation in Latin America equity deals. All named individuals are based in New York.

Practice head(s):

Jonathan Zonis; Kathleen Werner

Other key lawyers:

Andrew Epstein; Hugo Triaca

Testimonials

‘Excellent knowledge, dedication, and quality of work.’

Key clients

Alexandria Real Estate Equities

Ready Capital Corporation

Empresas Públicas de Medellín E.S.P. (EPM)

AES Panama Generation Holdings S.R.L.

Goldman Sachs International

iStar, Inc.

Government of Costa Rica

Argentine Creditor Committee

Wells Fargo Securities

HSBC Securities (USA) Inc.

Capital markets: high-yield debt offerings Tier 4

Clifford Chance is gaining recognition for transactions in the ESG and green bond segment, along with restructuring-related deals and Latin America work. Based in New York, the team's strength in ESG and green bonds is underpinned in part by the firm's activities in Europe. Specialty finance is another forte for the team, which acts for a variety of alternative lenders, business development companies and private equity firms. The group also works closely with the firm's structured finance and project finance teams. Gary Brooks is an experienced high-yield debt specialist and is particularly noted for his underwriter connections. Hugo Triaca has an extensive record in high-yield debt and hybrid financings in Latin America. Jonathan Zonis leads the Americas capital markets practice.

Practice head(s):

Gary Brooks; Jonathan Zonis

Other key lawyers:

Hugo Triaca

Key clients

Goldman Sachs

Sealed Air Corporation

The Government of the Republic of Costa Rica

Compañía Latinoamericana de Infraestructura y Servicios S.A

BofA Securities, Inc.

Hannon Armstrong Sustainable Infrastructure Capital Inc.

UBS

EG Group

Centrais Elétricas Brasileiras S.A. – Eletrobras

Energy: renewable/alternative power Tier 4

While Clifford Chance does handle some M&A work in the sector, its primary focus remains on the project finance front for a fairly balanced mix of commercial banks, development banks and export credit agencies.  Washington DC-based team head Lori Bean is the firm's OPIC (now DFC) and US-Exim Bank relationship partner, and has consequently handled major project financing mandates throughout the globe, including numerous wind farm projects in Latin America and East Africa. Native Spanish speaking New York-based partner Hugo Triaca is a 'star capital markets lawyer in Latin America' for both issuers and underwriters; he has been involved in many renewable energy-related financings in the region, including as it relates to green bonds.

Practice head(s):

Lori Bean

Other key lawyers:

Catherine McCarthy; Fabricio Longhin; Chris Willott; Hugo Triaca; Thais Garcia; Alberto Haito; Jessica Springsteen; Luis Clouet; Rob Richardson; Peter Hughes; Patricio Abal

Testimonials

‘Hugo Triaca is a star capital markets lawyer in Latin America.’

Key clients

DFC

US Ex-Im Bank

US Department of Energy

IDB Invest

IFC

KfW – the German Development Bank

EKF – Denmark’s Export Credit Agency

CAF – Development Bank of Latin America

Proparco – the French development bank

Allianz

Solarpack

Paracel

Reden Development Chile

Grenergy

Genneia

AES Corporation

International arbitration Tier 4

Clifford Chance represents a growing number of clients in high-value energy, oil and gas, construction, and infrastructure sector disputes. Jointly headed by Washington DC-based duo David DiBari and counsel José García Cueto as well as Anthony Candido in New York, the department is also able to draw on the firm’s resources in other large arbitration centers such as London and Paris, among other offices. Thanks in part to this global footprint, the practice is a suitable destination for both investment and commercial arbitration work; this is supplemented by its extensive experience handling issues arising in Latin America. Washington DC-based Ignacio Suárez Anzorena retired from the partnership in November 2020.

Practice head(s):

David DiBari; José García Cueto; Anthony Candido

Key clients

Enel Fortuna, S.A.

Ingeniería Estrella, S.A.

Consorcio Copán

OEC, S.A.

Odebrecht Latinvest S.À.R.L.

Steag GmbH

Churchill Mining Plc / Planet Mining Pty

International trade Tier 4

The ‘reliable, knowledgeable and always prompt’ team at Clifford Chance has deep expertise in economic sanctions matters, including compliance management and advisory work for clients in the industrial, technology, and financial services sectors. The practice is prominent in the investigations and regulatory space, where it advises extensively on issues arising in relation to the Export Administration Regulations and the International Traffic in Arms Regulations. Managing partner and US dispute resolution group leader David DiBari and George Kleinfeld jointly sit at the helm of the practice.

Practice head(s):

David DiBari; George Kleinfeld

Other key lawyers:

Joshua Berman; Michelle Williams; Philip Angeloff; Jacqueline Landells

Testimonials

‘Great team. Reliable, knowledgeable and always prompt.’

‘George Kleinfeld is by far the most reliable, most knowledgeable attorney I have ever worked with. He is absolutely an expert of his field and we admire his work. Pleasure working with him.’

Key clients

Swedbank AB

London Metal Exchange

UniCredit

Merger control Tier 4

Clifford Chance has continued to expand its US antitrust team, recruiting Peter Mucchetti from the DOJ in March 2020, and promoting New York’s John Friel to partner in May 2020. Mucchetti had previously served as chief of the DOJ Antitrust Division’s healthcare and consumer products team. This bolsters a team that already offers significant regulatory experience, with practice co-head Sharis Pozen having worked for both the DOJ and FTC. Timothy Cornell also jointly leads the team and is an experienced antitrust counsel with expertise in merger filings and joint venture formation. The team is noted for its representation of private equity clients, handling all merger control proceedings for CVC Capital Partners and Partners Group. Lawyers are in Washington DC unless otherwise stated.

Practice head(s):

Timothy Cornell; Sharis Pozen

Other key lawyers:

Peter Muchetti; John Friel

Testimonials

‘Clifford Chance’s merger control practice has a wealth of knowledge on international mergers.’

‘Sharis Pozen brings all of her energy to every matter. Her DOJ experience gives her insight into regulators. Sharis is thoughtful and strategic.’

‘Clifford Chance scored a big win with the addition of Sharis Pozen to the antitrust team. She’s smart, strategic, and insightful about the agency clearance process. And, particularly given her experience at GE, she offers practical advice that I’m confident clients appreciate.’

‘I’ve had the pleasure of working with Sharis – she’s outstanding and a true collaborative, strategic partner. I would jump at the opportunity to work with her again.’

‘This practice has a handful of experts which makes it the perfect one stop shop firm.’

‘What sets the CC team apart is their team approach to serving client needs and the depth of their team. It is not just the partners at CC that excel but also the associates who play an important client facing role.’

‘CC provides us with one-stop shopping for advice regarding UK/EU and US (and other jurisdictions as needed) antitrust and competition law issues. They keep abreast of developing issues and policies to ensure that their advice is comprehensive and appropriate for the situation.’

‘Tim Cornell always makes himself available when we need advice, usually on very short notice. Each time, he evidences his understanding of our business and its place in the market. His advice is keyed to our specific circumstances and ensures that we understand the variables key to his analysis.’

‘High quality advisers who have a real understanding of the DOJ motivation and thinking.’

‘Peter Mucchetti: Thoughtful advisor, solutions oriented, collaborative, and wealth of experience.’

Key clients

Davidson Kempner

CVC Capital Partners

Henkel

Partners Group AG

Eramet

Oracle

The Carlyle Group

General Electric

Symrise AG

ICBC Standard Bank Plc

Adobe

Huntsman

GSM Association

Mondelez

Hearst

Deutsche Bank

Fidelity National Information Services

The London Stock Exchange

Epic Games

Informa

Private equity funds (including venture capital) Tier 4

Clifford Chance has a broad range of expertise, providing full-service advice to private equity sponsors and investors. The firm offers asset class experts, strength in real estate and structured finance, and comparative regulatory advice. The private funds team provides access to specialists across the firm's global network. The firm has several high-profile clients, including GSO Capital Partners, AIG, AXA Investment Managers, Credit Suisse Asset Management, and Deutsche Finance America. The practice is led by Michael Sabin, who specializes in advising sponsors on the structuring and formation of private funds and accounts across all strategies, and investment management specialist Clifford Cone. Also recommended are private investment fund lawyer David Goldstein and Victor Levy, notable for his work on the formation and ongoing representation of private equity funds and hedge funds.

Practice head(s):

Michael Sabin; Clifford Cone

Other key lawyers:

David Goldstein; Victor Levy

Testimonials

‘A big pro is their true international reach on the fund and tax side. (We want our counsels to at least have fund and tax teams in NY, London and Luxembourg in order to be able to handle any specific questions that can come up internally.) You also get a lot of partner attention, the partners are very hands on.’

‘Victor Levy on fund and JV work and Michael Seaton on tax. Always very responsive with short turnaround times, but calm and knowledgeable in negotiations. Victor also knows when to take own initiatives to reach out directly to the counterparty.’

‘The Clifford team is strong across all relevant practice areas including fund formation, tax, regulatory, and finance. These practice areas work well together to efficiently deliver advice that is accretive to the business. The team’s ability to identify and focus on the key issues is differentiated relative to other firms.’

‘Michael Sabin has a unique ability to focus on the core issues and offer advice to efficiently addresses issues to achieve the desired commercial outcome. He is legal advice is technically sound, tactically appropriate, and strategically differentiated.’

‘Our go-to firm for US regulatory and fund management because of the trusted advice from Cliff Cone and Victor Levy.’

‘Stand out partners are Cliff Cone and Victor Levy. They are responsive, respectful, helpful and a pleasure to work with. They have delivered high-quality and trusted advice for many years and are my go-to external counsel for all fund management and US regulatory matters.’

‘CC has really innovative, creative and pragmatic partners. They are great at finding solutions for complex fund structuring and associated legal requirements. They have a strong understanding of the commercial requirements underlying a fund structure or agreement which shows through the practical solutions they offer. They are also very personable and nice to work with.’

‘Cliff Cone is top notch. He always has an answer or will find an answer or contact for me swiftly. He understands our organization very well so working with him feels more like a partnership than a service provider.’

Maren Stadler-Tjan is one of my favorite lawyers I have ever worked with. She goes above and beyond to exceed every goal a client has and has a real view to the bigger picture behind any legal engagement or project. I cannot speak highly enough about Maren.’

‘In-depth experience that can bridge the gap across complex matters, from tax to cross-border product structuring.’

‘Cliff Cone and Victor Levy bring pragmatic and commercially-minded views to the table, coupled with the necessary legal expertise. It is refreshing working with a big law firm that is able to provide practical solutions grounded in the market.’

‘This practice is one of the few in the world that can pivot seamlessly across multiple continents with precision and speed. We engaged Michael and his team to advise us on our engagement of the largest fund raise in history, which we will be executing globally on an exclusive basis. They were able to help us navigate not only the engagement, but significant jurisdictional regulatory hurdles to bring what would individually be a highly fragmented and bamboozling task and make it into a well orchestrated advisory masterpiece.

Unlike others, this team is able to advise on a myriad of complex technical legal issues and yet find a way to elegantly create single solutions that are both thoughtful and exceptional.

‘Michael Sabin – This man has such deep expertise and knowledge of the private equity landscape that it makes me, a global head, feel like an amateur. He does an exceptional job of explaining crucial issues in a digestible and logical manner whilst providing sound judgement and guidance on key decision making. Furthermore, he translates complex foreign jurisdictional regulatory issues in a way that enables us to make important decisions whilst interpreting the issues within a context outside of the US legal framework. For a man of his seniority, Michael has an unrivaled work ethic and can frequently be found replying to emails at midnight.’

David Adams is an exceptional talent with a multi-continental experience. David has been critical in helping us navigate global regulatory issues. His off hand knowledge of even the most complex jurisdictional nuances and the way he helps us to understand their impact on our business is truly fabulous.

Key clients

Berkshire Group

Capital Dynamics

C-III Capital Partners LLC

Exeter Property Group

Madison International

H/2 Capital Partners

Colony Capital

Partners Group

GSO Capital Partners

Antarctica Capital

Mercer Investment Management

AIG

AXA Investment Managers

Ares Management (through their Ivy Hill Asset Management affiliate)

Credit Suisse Asset Management

MC Credit Partners

Gavea Investimentos

Iconiq Capital

TCW Asset Management

Tikehau Capital

Alecta Investment Management

Alignment Credit

Deutsche Finance America

Jus Capital

Hannon Armstrong

Oak Street

LFPI

Hannover Re Real Estate

Landmark Capital Partners

Greystone

Real estate Tier 4

Clifford Chance is a powerhouse in the real estate investment space, leveraging its extensive international network to act on a range of cross-border transactions. The team frequently represents overseas entities in their inbound investments, formulating complex structures and tax planning in the process, on transactions which often involve trophy properties and sizeable portfolios. A number of US-based clients, particularly private investment funds, institutional investors and REITs, also depend on the group for their real estate transactions and are able to tap into expertise offered by the firm’s complementary financing, capital markets, corporate and tax departments. The 'technically excellent, commercial and solution-drivenNess Cohen serves as chairman of the national real estate practice and is based in New York alongside the recently promoted Jeanne Roig-Irwin, praised for her 'tremendous advice'.

Practice head(s):

Ness Cohen

Other key lawyers:

Eddie Frastai; Jeanne Roig-Irwin

Testimonials

‘The team is incredibly responsive, constructive, fast and helpful. The advice is at all time forward looking, taking into account both the big picture, as well as even minute details, which aides the decision making and the overall progress of any given transaction. We continue to be impressed by the extremely high quality of the service, as well as crucially, how commercially literate the advice is. All this across borders and at any time of the day and night.’

‘Jeanne Roig-Irvin comes highly recommended. We are very impressed by the support, flexibility, constructive solutions and ability to work across complex topics and countries, often with counter parties with varying English skills and often completely different business cultures. All this regularly under enormous time pressure, combined with high complexity and multiple additional requirements and stakeholders. The team is always looking out for us, is at all times committed and often a crucial component to get the deal over the line.’

‘Clifford Chance took on our non-profit as a pro bono client when we were invited to submit a proposal for a highly-subsidized building as part of a joint venture with a local theatre company.  The understanding was that the firm would only begin charging us for its services if our consortium was awarded the building–which was, in fact, the case. We tribute Clifford Chance’s strong work for helping to make our proposal legally sound–and for making sure that our organization was fairly represented throughout the proposal, even though we were the minority partner in the joint venture.’

Our primary contact throughout the project was the Real Estate Associate Jeanne Roig-Irwin, who was promoted to Partner after our work together was complete. She reported to Real Estate Partner Ness Cohen.  Jeanne was delightful to work with, incredibly responsive, and available to work on nights and weekends when the demands of the project required. She lobbied for the firm to take on the first phase of our project pro bono–and both she and Ness Cohen made it possible to us to delay payments for the second phase when the pandemic impacted our financial state.  When the bill for services came, it was much lower than expected because of the efficiency of Jeanne and her team.’

‘The team is smart, commercial and solution-driven. They are accessible and on top of things. They follow up and see things through without prompting. In my experience, teams are good at one or the other but rarely both.’ 

‘My main contact is Ness Cohen. One of the best attorneys. He is technically excellent, commercial and solution-driven. He is tough when he needs to be but never lets things get personal and is focused on the bigger picture and the overall transaction. He is supported by a great team of associates and paralegals that do an excellent job of moving the transaction forward and making sure things do not slip through the cracks.’

‘Clifford Chance is uniquely structured to provide real estate legal services for our U.S. and European businesses. There is a tremendous transaction team based in the U.S. and a strong structuring team to help with our needs in Europe.’

‘From a technology standpoint, Clifford Chance is able to quickly share large files. In addition, they provide clear redlines from various versions for quick review.’

‘The individuals I work with at Clifford Chance stand out versus competitive firms in a few key areas. First off, they are extremely responsive and are able to process large amounts of work in a timely manner. Second, they are extremely knowledgeable and are able to leverage various in-house experts internationally to assist with unique and complex business issues. Jeanne Roig-Irwin has been a standout as the main point of contact and is able to provide tremendous advice and pull together necessary resources as required.’

Key clients

Almanac Realty Investors

Amherst Residential

Deutsche Finance Group

J. Safra Real Estate (JSRE Acquisitions)

Madison International Realty, LLC

National Storage Affiliates Trust

ReNew REIT LLC

Stockbridge Capital Partners, LLC

W. P. Carey Inc.

YES Communities, LLC

M&A: large deals ($1bn+) Tier 6

Clifford Chance continued the expansion of its US M&A platform with the lateral hire of Michael Bonsignore from Akin Gump Strauss Hauer & Feld LLP in January 2020. Bonsignore joins the firm’s Washington DC office and is noted for his role in public and private M&A, particularly in the energy sector. The firm is known for its prolific work with multinationals and firms investing abroad, with cross-border deals being a particular area of strength. The group's broad client base includes prominent multinationals Hearst and Pfizer, as well as financial institutions and tech companies. David Brinton leads the team, and regularly advises on cross-border M&A, with a particularly strong record in Latin America-domiciled work. Benjamin Sibbett has a standout client base that includes Pfizer and Europcar, reflecting a broad practice and international capabilities, while Sarah Jones co-heads the firm’s global consumer goods team and represents blue-chip clients in the sector in complex transactions. Lawyers are in New York unless stated otherwise.

Practice head(s):

David Brinton

Other key lawyers:

Michael Bonsignore; Benjamin Sibbett; Sarah Jones

Testimonials

‘Hands-on, creative and international-savvy with a very high quality service globally in all jurisdictions they operate; 24/7 service and very practical advice that you can count on.’

‘The practice demonstrated an amazing willingness and ability to make itself familiar with the underlying business – although the practice had to advise on a transaction playing in a niche industry.’

‘The performance of Benjamin Sibbett and his team was exceptional.’

Key clients

Ardian

Europcar

Fidelity National Information Services

Hearst

Informa

Marubeni Corporation

Mondelēz International

Pfizer

Symrise

Textron

Restructuring (including bankruptcy): corporate Tier 6

Operating as part of a global network of lawyers equally fluent in the legal landscape of their respective home jurisdictions, the New York-based team at Clifford Chance plays a key role in complex, multi-jurisdictional restructuring matters, acting for senior lenders, corporate sponsors and entrepreneurial transaction parties. Key practitioner Jennifer DeMarco is known for representing financial institutions in US and Latin America-facing debt restructurings and financial transactions; she has a particular focus on debtor-in-possession financings. Douglas Deutsch is recommended for cross-border creditor work, and has particular expertise in the transportation and retail sectors.

Practice head(s):

Jennifer DeMarco

Other key lawyers:

Douglas Deutsch

Key clients

JP Morgan

Wilmington Savings Fund Society

Goldman Sachs

DFC

Citibank

Cortland Capital Markets Services LLC

Credit Agricole

Mizuho Bank

PIMCO

DNB

Siemens

SMBC

Standard Chartered Bank

Blackrock

Natixis

Capital markets: debt offerings

Clifford Chance's DCM practice stands out in REIT deals and Latin America-originated offerings, including those by sovereign and sub-sovereign issuers. The New York-based team has worked on a series of headline debt offerings by Latin America issuers, including advising four Panamanian subsidiaries of The AES Corporation on the refinancing of an aggregate $1.48bn in existing debt and capital expenditures, which involved the issue $1.38bn worth of 10-year notes. Andrew Epstein and Kathleen Werner are the key names in the REIT offering space, while Jonathan Zonis and Hugo Triaca are recommended for Latin America deals.

Practice head(s):

Jonathan Zonis; Kathleen Werner

Other key lawyers:

Andrew Epstein; Hugo Triaca

Key clients

Alexandria Real Estate Equities

Ready Capital Corporation

Empresas Públicas de Medellín E.S.P.

AES Panama Generation Holdings S.R.L.

Goldman Sachs International

iStar, Inc.

Government of Costa Rica

Argentine Creditor Committee

Wells Fargo Securities

HSBC Securities (USA)

Corporate investigations and white-collar criminal defense

The litigation and dispute resolution team at Clifford Chance is well versed in multi-jurisdictional investigations involving domestic and international enforcement agencies. David DiBari heads the practice and is adept at handling civil, administrative and criminal matters, with a focus on sanctions, FCPA issues, and securities laws and regulations. Joshua Berman  is recommended for anti-corruption, cyber security, and CFIUS-related matters. Contacts in New York include Christopher Morvillo, who handles white-collar government investigations and prosecutions, and Celeste Koeleveld, who has experience in regulatory matters and civil litigation. Peter Mucchetti joined as partner from the antitrust division of the DoJ. John Friel was promoted to partner in New York in May 2020, and Wendy Wysong left for Steptoe & Johnson LLP in December 2019. All named attorneys based in Washington DC unless otherwise stated.

Practice head(s):

David DiBari

Other key lawyers:

Joshua Berman; Celeste Koeleveld; Christopher Morvillo; John Friel

Key clients

Swedbank AB

UniCredit

Mike Lynch (founder of Autonomy)

Lawrence Hoskins (former Alstom executive)

Project finance

The team at Clifford Chance is truly international, with recognized expertise in offices across the US, Latin America and Europe. As a result, the firm is particularly strong in international project financings. On the lender side, the group regularly assists large investment banks in transactions relating to South American projects, while its sponsor side mandates include securing financing for waste, water treatment and paper production facilities. Lori Bean leads the team from Washington DC and is consulted by numerous agency lenders on infrastructure and energy project financings, while Catherine McCarthy works with commercial banks in international project and export finance transactions. At associate level, Alberto Haito is uniquely placed to advise on Latin America projects; he is admitted to practice in Peru as well as in New York. In January 2021, Gianluca Bacchiocchi and Guido Liniado left the New York team for Latham & Watkins LLP.

Practice head(s):

Lori Bean

Other key lawyers:

Catherine McCarthy; Fabricio Longhin; Chris Willott; Alberto Haito; Jessica Springsteen

Key clients

DFC

U.S. Ex-Im Bank

Build America Bureau of the U.S. Department of Transportation

U.S. Department of Energy

IDB Invest

IFC

KfW – the German Development Bank

EKF – Denmark’s Export Credit Agency

CAF – Development Bank of Latin America

Proparco – the French development bank

Solarpack

Paracel

Goldman Sachs

Citibank

SMBC

JP Morgan

UBS

Santander

Mizuho

Credit Suisse

Latin America: International firms > International arbitration > International arbitration Tier 4

Clifford Chance's international arbitration team is commended for both its 'depth of analysis' and 'high technical capacity', with 'very good synergy levels' that ensure 'personalized treatment' across the board. Typical work ranges from investment treaty and commercial cases to construction-oriented contractual disputes, mostly in the oil and gas, energy and infrastructure sectors. Department head Ignacio Suarez Anzorena stands out as 'exceptional during hearings' alongside 'phenomenal' senior associate José García Cueto, who is an 'excellent negotiator' in ICC, UNCITRAL, ICSID and ad hoc proceedings. A noteworthy highlight involved representing a Luxembourg investor in relation to its $1.1bn financing of a South American pipeline concession. Young international associate, Fabio Nuñez Del Prado,'has a very interesting future in the field' and is one to watch. All named lawyers are based in Washington DC. Since publication, Suarez Anzorena has announced his departure from the firm to establish his own boutique (as of mid-November 2020).

Testimonials

This team far exceeds that of other law firms.

Has marked knowledge and understanding in construction matters. Its star lawyer, José García Cueto is phenomenal.

The Clifford Chance international arbitration team is excellent; they show great skill in the development of strategies to achieve the objectives set according to the case, and they have a fairly wide knowledge and experience of arbitration matters. They have a constant organization and communication with the client. It is an organized team, with an excellent ability to attend to any queries that the client may have.

It is a highly trained legal team and with a very good synergy level between them, which translates into high levels of trust on the part of the client. In particular, the performance of the following lawyers stands out. José García Cueto: Excellent negotiator, with high knowledge not only in arbitration but also market knowledge in the construction and hydrocarbons sector in Latin America. With very good soft skills and with an outstanding level of security and confidence. Definitely a high level professional. Fabio Nuñez Del Prado: He is a young lawyer, very skilled in preparing documents and strategies according to the objective of the case. With certainty, this professional has a very interesting future in the field.

The international arbitration team is one of great experience and extensive knowledge of various economic sectors. They are very fast and efficient in terms of working time and creative in their proposals for settling disputes.

I have worked with Ignacio Suarez Anzorena (partner) and José García Cueto (special adviser). Both are exceptional attorneys. Their experience in arbitration is essential to determine how to face a controversy, present the case, select arbitrators and experts. They also know the sector very well, which allows them to project how the defense of the counterparty will act in arbitration.

José García Cueto excels in this office, he is a very competent lawyer and takes each case with a high professional level and commitment, especially since he works very hard to achieve the goals that are set. I am more than pleased with him.

The professionals in charge of the practice have a deep knowledge of international arbitration. The team handles all aspects very well. It is difficult to point out any weak point in the team. The team has the same level as the best world firms in the field of international arbitration.

They know their subject with a depth of analysis that shows much rigor in their opinions and in the preparation and monitoring of their cases. Ignacio Suarez Anzorena and José García Cueto have a very personalized treatment and constantly study innovative options for their clients.

José García Cueto is an outstanding, very capable and dedicated lawyer.

An excellent team. High technical capacity and knowledge of international arbitration. Very efficient and practical team.

Thoroughness and attention-to-detail. Cases are won with details and the Clifford team is involved in the study and review of all the latest evidence. It is an added value that this team of Ignacio Suarez Anzorena and José García Cueto presents.

The team takes charge of the case, learns about it in detail, and is extremely meticulous about the matter at hand.

Ignacio Suarez Anzorena is exceptional during hearings and José García Cueto is brilliant at handling the case.

 

Key clients

Enel Green Power

Enel Fortuna

Graña y Montero

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 organizations. It provides them with the highest quality advice and legal insight, which combines the firm’s global standards with in-depth local expertise.

Main areas of practice
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 centers. 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 US, English and civil law expertise in the key financial centers 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, dispute resolution and risk management: 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 US, UK, European and Asian 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, pensions, employment and incentives: 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 securitization, 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.

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.

Photo Name Position Profile
 Ignacio Suarez Anzorena  photo Ignacio Suarez Anzorena Ignacio Suarez Anzorena’s practice focuses on international commercial arbitration and investor-state disputes…
 Lori Ann Bean  photo Lori Ann Bean Lori Ann Bean specialises in the development and financing of infrastructure and…
Mr Joshua Berman  photo Mr Joshua Berman Joshua Berman, a seasoned trial and appellate lawyer, has over twenty years…
Mr David DiBari  photo Mr David DiBari David D. DiBari is the practice area leader for US Litigation &…
Mr Glen Donath  photo Mr Glen Donath Glen Donath is in the firm’s White Collar and Regulatory practice. His…
 David Evans  photo David Evans David Evans has been involved in energy and finance matters his entire…
 José García Cueto  photo José García Cueto José García Cueto focuses his practice on commercial and investor-State international arbitration matters.…
Mr Steven Gatti  photo Mr Steven Gatti Steven Gatti specializes in regulatory enforcement proceedings before the U.S. Securities and…
Ms Megan Gordon  photo Ms Megan Gordon Megan Gordon’s work encompasses a broad range of regulatory matters arising under…
Mr Robert Hagan  photo Mr Robert Hagan Rob Hagan has extensive experience in structured capital markets, focusing primarily on…
Mr Alberto Haito  photo Mr Alberto Haito Alberto Haito has extensive experience in financial markets and project financing and…
Mr George Kleinfeld  photo Mr George Kleinfeld George Kleinfeld advises leading financial institutions, industrial enterprises, trading companies and global…
Ms Jacqueline Landells  photo Ms Jacqueline Landells Jacqueline Landells’ advisory practice is focused on international economic regulation and foreign…
 Fabricio Longhin  photo Fabricio Longhin Fabricio Longhin advises developers, commercial banks, multilateral organizations, export credit agencies, infrastructure…
Ms Catherine McCarthy  photo Ms Catherine McCarthy Catherine McCarthy is a partner in the Americas Energy & Infrastructure Group. …
 Christopher McIsaac  photo Christopher McIsaac Christopher McIsaac is joint head of the Americas Energy and Projects Group,…
 Jessica Springsteen  photo Jessica Springsteen Jessica A. Springsteen is a member of the Americas Energy & Projects…
Number of Partners : 556
Number of other fee-earners : 3295
Other Offices : Abu Dhabi
Other Offices : Amsterdam
Other Offices : Bangkok
Other Offices : Barcelona
Other Offices : Beijing
Other Offices : Brussels
Other Offices : Bucharest
Other Offices : Casablanca
Other Offices : Dubai
Other Offices : Düsseldorf
Other Offices : Frankfurt
Other Offices : Hong Kong
Other Offices : Istanbul
Other Offices : Jakarta*
Other Offices : London
Other Offices : Luxembourg
Other Offices : Madrid
Other Offices : Milan
Other Offices : Moscow
Other Offices : Munich
Other Offices : New York
Other Offices : Paris
Other Offices : Perth
Other Offices : Prague
Other Offices : Rome
Other Offices : São Paulo
Other Offices : Seoul
Other Offices : Shanghai
Other Offices : Singapore
Other Offices : Sydney
Other Offices : Tokyo
Other Offices : Warsaw
Other Offices : Washington, D.C.
Other Offices : Riyadh**
Other Offices : Newcastle

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


 

Clifford Chance Diversity Statement

Clifford Chance is one of the most diverse law firms in the world, with 34 offices in 23 countries spread across six continents. We are proud that our global workforce reflects a broad range of race, religion, color, national origin, sex, age, marital status, sexual orientation, gender identity or expression, citizenship status, pregnancy, disability, veteran status, genetic predisposition or other protected status.

In the United States, Clifford Chance has long demonstrated a strong commitment to building a diverse team to serve clients, as well as our local communities.

2021 brought with it some extremely positive news for the firm with associates Liz Wangu wa Makeri and Laurence R. Hull being named to The National Black Lawyers Top 100 and Top 40 Under 40, as part of its Top 40 under 40 recognition.

New data from the American Bar Association has found that since 2011 the overall proportion of minority attorneys in the United States has increased. In 2011, 11.7% of attorneys belonged to a minority group and this figure now stands at 14.6%.

In 2021;

  • Over 30% of our associates and nearly 30% of all lawyers are ethnic minorities*, which is nearly double the industry average** for US firms our size
  • Women make up 43% of our US lawyers (the average for a US firm our size is 35%***), 60% of our Department heads and 66% of our Business Professionals; and
  • More than 50% of our US Business Professionals are ethnic minorities, with 23% identifying as Black and 12% as Latino.

* Ethnic minority means: American Indian/Native Alaskan, Asian, Black or African American, Hispanic or Latino, Native Hawaiian/Pacific Islander, people from two or more races, or from other jurisdictions influenced by US-specific legislative diversity definitions. These statistics are based on self-identification by the individuals.

** Law360’s 2020 Diversity Snapshot

*** Law360’s 2020 Glass Ceiling Report

Our global diversity policy sets out our firm-wide approach to Diversity and Inclusion. To read the policy, please visit our policies page.

Supporting Diversity and Inclusion

Law Firm Anti-Racism Alliance Member: In June 2020, Clifford Chance joined the Law Firm Anti-Racism Alliance (LFAA) as a member firm. Formed with the aim to leverage the resources of the private bar in partnership with legal services organizations to amplify the voices of communities and individuals oppressed by racism, LFAA looks to better use the law as a vehicle for change that benefits communities of color and to promote racial equity in the law. We’re proud to take a leadership role on this initiative with New York partner Jeff Berman joining the inaugural Board of Directors to help steer the direction of the LFAA. The mechanisms of the LFAA are: national collaboration across law firms; development or enhancement of partnerships with legal services organizations and other stakeholders focused on race equity; elevation of the voices of people and communities of color by leveraging the platforms of law firm leaders and law firms; collaborative advocacy; coordinated effort among law firm pro bono professionals and diversity and inclusion professionals; and involvement of corporate in-house legal departments in the LFAA initiatives.

In response to the rise of racially motivated hate crimes against Asian Americans, In 2021, we joined the Stand Against Hate Campaign, the National Asian Pacific American Bar Association, and The Alliance for Asian American Justice.

Racial Justice Award: Clifford Chance’s annual Racial Justice Award is open to not-for-profit organizations globally that help individuals, groups or communities use the law to achieve significant inclusion, racial justice and social impact. In 2021, the firm named Columbia Law School’s Center for Institutional and Social Change as the winner. Established in 2019, the Paralegal Pathways Initiative focuses on helping those returning home from American prisons to find sustainable careers. It does this by refining the existing talents of formerly incarcerated people, who often gain legal research and litigation skills while inside correctional facilities.

Our Diversity Committee: We have a very active Diversity Committee in the US comprised of partners, associates and Business Professionals colleagues who work collaboratively through five subcommittees – Arcus (LGBT+), Asian and Pacific Islander, Black and Latino, Veterans, and Women – to help us celebrate our diversity while promoting greater understanding and inclusiveness. Case in point: the art curator who serves our New York office works with our subcommittees on special exhibits that support diverse artists and show our appreciation for diversity during different times of the year, for example, Black History Month and the Arcus Pride Art event for Pride Month

Image

Tiernan Brady

In 2019, Clifford Chance hired one of the world’s best known and most successful campaigners, Tiernan Brady, to be the firm’s Global Director of Inclusion. Prior to assuming that role, he led winning campaigns for marriage equality in Ireland and Australia; they remain the only two countries in the world to enact marriage equality by a public vote. Today Tiernan devotes his time to developing our firm’s global inclusion policies and leading their implementation within our firm, with clients and in wider society.

Tiernan was featured in the cover story of the “September-October 2019 edition of Corporate Counsel Business Journal,” where he provided a broad overview of his experience and how he is applying it to accelerate progress around diversity and inclusion. You can access the full interview “here.”

As a firm, we are committed to increasing our ethnic diversity, which we believe helps us bring a better-informed outlook when advising global clients. Our London office, for example, has forged a long-term partnership with diversity recruitment group Rare, which was founded in 2005 to support minority candidates in securing graduate positions in top firms and to help companies recruit diverse talent. Since 2011, we have made 169 training contract offers through Rare and were the first firm to adopt Rare’s Contextual Recruitment System (CRS), identifying standout candidates by not only looking at grades, but determining how those grades compare to a candidate’s schooling and background. Since adopting the CRS, the firm now employs more candidates from disadvantaged backgrounds, and in recent years, our trainee intake of black and minority ethnic candidates has averaged more than 40 percent.

We are focused on building deeper, broader roots in the many communities in which we operate. This enables us to gain a better understanding of the local market, deepen relationships with clients and help set the agenda for key issues. A good example of this can be seen in our Singapore office, where we have worked hard to integrate into the local community, almost doubling the number of locally qualified lawyers over the past several years. We run an active internship program for Singaporean students, and together with our Formal Law Alliance partner, Cavanagh Law LLP, we are now able to offer a two-year training program for Singaporean graduates.

Gender

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Advice To My Younger Self

In 2017, Clifford Chance in the US spearheaded (in partnership with The Legal 500) the development of a book featuring women lawyers from across our firm providing “Advice To My Younger Self.” The book delivers helpful insights for career advancement and personal growth from successful women lawyers and senior leaders who are alumnae of the firm. This bespoke work has been viewed online and in print by more than 25,000 people across over the world, ranging from in-house counsel to law school students to our firm’s own associates. The full book is available to read or download here.

Mansfield Rule

In 2021, Clifford Chance achieved Mansfield re-certification 4.0, four years after agreeing to be a pioneering US firm for the Mansfield Rule. We are currently qualifying for Mansfield 5.0 certification. To be Mansfield certified, a law firm must, among other things, consider a minimum of 30 percent women, LGBT+ and minority lawyers for significant leadership roles.

“We are proud to have met the criteria for certification under the Mansfield Rule,” said Evan Cohen, managing partner for Clifford Chance’s Americas region. “One-third of our US practice areas are led by a minority or woman partner, and our pipeline of diverse future leaders is robust. Additionally, 60 percent of our US Business Services departments are led by women. We are clearly on the right track, but we also know there is more we must accomplish in the years ahead and are committed to doing so.”

In 2009, we became one of the first international law firms to establish a target to improve the gender balance of its partnership and in 2020 the firm committed to new global and regional gender, ethnicity and LGBT+ targets. In the Americas our goal is to increase the number of female partners by 35% by 2025 and 100% by 2030.

Our commitment and effort to help women lawyers advance their careers continues to expand. In 2019 we became the sponsor of the Women’s Group for the Association of Corporate Counsel (ACC) in New York City. We hosted a special event for ACC members featuring Mika Brzezinski, co-host of Morning Joe and best-selling author of “Know Your Value — Women, Money and Getting What You’re Worth.” We will again have a prominent role at The American Lawyer’s Women, Influence, Power & Law (WIPL) conference. After serving as lead sponsor and keynoting the 2018 WIPL Executive Leadership Forum, we were a lead sponsor of the 2019 WIPL main conference attended by approximately 600 women lawyers, moderating two panels on data privacy/cybersecurity and cross-border M&A transactions. In 2019, we also became a lead sponsor of Corporate Counsel Business Journal’s inaugural Women in Business and Law Summit. We also sponsored the Women’s Luncheon at the SIFMA C&L Annual Seminar in November 2019, featuring a one-on-one conversation with former US Deputy Attorney General, Sally Yates.

Improving the gender balance of our leadership is a global effort. We run firm-wide training on gender diversity issues, including courses on unconscious bias. We have women’s networks called “Accelerate” not only in the US, but in Asia, Amsterdam, France, Italy and London, and many of our other offices are actively involved in gender networking initiatives, including client events.

In 2016, we signed a formal statement of support for the Women’s Empowerment Principles, an initiative created by UN Women in collaboration with the UK Global Compact. The seven principles promote and guide corporate action in pursuit of gender equality and encourage high-level corporate leadership on gender issues and transparent reporting on progress.

For more information about our commitment to improve gender diversity, please read our Responsible Business Reports, which can be downloaded on our reporting page.

LGBT+

In 2019, Clifford Chance hired Tiernan Brady as its first Global Director of Inclusion. Before taking up his broad diversity and inclusion role at Clifford Chance, he led the winning campaigns for marriage equality in Ireland and Australia. Brady now devotes his time to developing and implementing Clifford Chance’s global inclusion policies and leading new campaigns within our Firm, alongside clients and in wider society.

In June 2021, Clifford Chance’s US offices celebrated Gay Pride Month for the 15th consecutive year by showcasing the work of top LGBT+ artists on its office walls as well as at a client event at NASDAQ attended by more than 300 people. The artists also participate in receptions that help launch the exhibits, which are open to a broad spectrum of clients, colleagues, students, allies and friends. Similar exhibits were held in a dozen Clifford Chance offices across the world.

Through its Arcus Allies program, the firm supports and fosters an inclusive environment for LGBT+ colleagues. Allies advocate for equal rights and fair treatment of LGBT+ individuals, and take action to challenge prejudice against the LGBT+ community. Clifford Chance also works on a pro bono basis to help further the cause of equality globally. In 2019, the firm won a legal victory in Poland on behalf of LGBT group, bringing a motion to a Polish court which ordered the conservative newspaper Gazeta Polska to halt the distribution of “LGBT-free zone” stickers. Advocat Michal Wawrykiewicz also worked on this matter.

In 2018, Clifford Chance became a signatory of the UN’s new Standards of Conduct for Business for Tackling Discrimination against Lesbian, Gay, Bi, Trans and Intersex people. Also, Clifford Chance was one of just four law firms in the US to sign the initial Business Statement for Transgender Equality on November 1, 2018 following a report that the Trump administration was considering limiting the definition of gender to birth anatomy. (We were joined by law firms Hogan Lovells, Ropes & Gray and Sheppard Mullin, as well many of our clients and other large companies who stood up strongly for Transgender equality. “This isn’t just a question of ethics, it is about our ongoing commitment to be a responsible and responsive business,” said Clifford Chance’s global managing partner, Matthew Layton. “Excluding anyone from any group holds everyone back, and every moment that someone spends worrying about what their colleagues or clients might think of who they are is a moment wasted.”

The work we have been doing at a global level was also recognized when we were ranked among the Top 5 “UK Best Employers” for LGBT+ colleagues in the 2017 Stonewall Workplace Equality Index. Additionally, Matthew Layton was featured on the 2016 OUTstanding Leading Ally Executives List, presented by the Financial Times. The list recognizes leading individuals in business who have made a significant contribution to LGBT+ inclusion.

Veterans

The recruitment and career development of veterans is a priority for our firm in the US. Our affinity group, “CliffVets,” focuses on veteran hiring (both at the firm and mentoring veteran law students on the legal market generally), retention and community issues. CliffVets members also routinely mentor student-veterans on their transition into becoming practicing lawyers.

We were the sole named sponsor of the Georgetown University Law Center’s Military Law Society Symposium, which included a panel presentation and networking reception with attorneys from our New York and Washington, DC offices. We actively support and participate in career panel discussions at many of our target law schools to provide guidance to veterans as they navigate law school and the law firm job market. CliffVets also provides pro bono support to Veterans working with the non-profit organization Services for the Underserved.

Culture

We believe that building a supportive, safe and empowering culture is critical to our success. We also believe that happy employees provide better service to clients.

As a law firm, we offer legal services, but we never forget that our product is people. We understand that both lawyers and the professionals that support them — much like our clients — have a choice in where they go. Increasingly, culture is a deciding factor when making employment choices. We are proud of the culture we have built and how our people feel about working at Clifford Chance. To wit: In independent surveys of associates at more than 100 of the largest law firms in the United States, Clifford Chance either led or was ranked near the top of multiple categories in the US legal industry.

  • 3: Top 3 Best Law Firms to Work For, Vault US Survey (2022)
  • Top 10 Best Law Firms for Racial & Ethnic Diversity, Vault US Survey (2022)
  • Top 5 Best Law Firms for Firm Culture (2022)
  • Top 10 Best Law Firms for Individuals with Disabilities, Vault US Survey (2022)
  • Top 10 Best Law Firms for LGBTQ+ Individuals, Vault US Survey (2022)
  • 1: Diversity, Chambers US Associate Survey (2019)
  • 1: Associate Satisfaction, Chambers US Associate Survey (2019)
  • 1: Summer Associate Program, Chambers US Survey (2019)
  • 2: Lifestyle and Benefits, Chambers US Associate Survey (2019)
  • 3: Career Opportunities, Chambers US Associate Survey (2019)

Learn more about quality of life at Clifford Chance:

To highlight how much we value our associates, we published (once again in partnership with The Legal 500) a second bespoke book in April 2019. Titled, Their Voices: Insights From Today’s Rising Lawyers,

Inclusion & Social Mobility at Clifford Chance

We believe the best teams are diverse and inclusive, and that people flourish in an environment where they are supported in their professional and personal development. Although we have more work to do, we are pleased with the progress we’ve made to date in building just such an environment.

As one of the world’s leading law firms, we recruit the best talent from everywhere, including those local markets where we have offices: Africa, Asia, Europe, Latin America, the Middle East and the United States. Our view is that you cannot be a successful international firm without fully embracing and supporting diversity.

We also believe it is essential to our commercial strategy that we foster an inclusive culture. Our clients are made up of a diverse range of businesses with diverse workforces, and they expect no less from their law firms. We get that.

In the Americas, we are committed to a goal of increasing the number of female partners by 35% by 2025 and 100% by 2030.  Our first minority ethnicity targets have also been adopted for the US which includes 15% of new partners and 30% senior associates and business professionals by 2025.

In 2020 we commissioned an independent inclusion-focused review of our partnership selection process. Before we even consider a cohort, we are look closely at the pipeline of talent, and forecast accordingly. The diversity makeup of each population is scrutinized at each level of the process. We are committed to breaking down the barriers that are restricting recruitment, progress and retention and believe we will be a stronger firm if we can attract the best people from the widest talent pools by delivering an equality of opportunity and advancement for everyone.

We promote social mobility through initiatives that aim to attract and support employees from less-advantaged backgrounds. In the US, for example, Clifford Chance was the first law firm to name a scholar within the groundbreaking An-Bryce Scholarship Program, which helps NYU Law School make an elite legal education available to outstanding J.D. students from socio-economically disadvantaged backgrounds. The Program provides full-tuition scholarships plus programming and mentoring aimed at assuring that the scholars will feel at home at the highest levels of the legal profession. Clifford Chance provides a full-tuition scholarship annually.

When law school students from all backgrounds join us for summer jobs, each one has the opportunity to experience the joys of diversity firsthand by working for several weeks at one of more than 30 Clifford Chance offices around the world.

To demonstrate our commitment to diversity and inclusion the firm launched its 1L diversity scholarship for first year law students who are members of groups traditionally underrepresented at large law firms.

To find out more about our progress on inclusion and diversity, please visit our reporting page.

 

Diversity Committee: Zarrar Sehgal, Diversity Committee Leader

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Zarrar Sehgal, Clifford Chance US
Diversity Committee Leader, New York

Mr. Sehgal, a partner of Clifford Chance, leads the Firm’s Diversity Committee in the US. He also heads up Clifford Chance’s Americas Banking & Finance practice and global Transport and Logistics sector.

Highly active in community work, Mr. Sehgal is President of The Citizens Foundation-USA (TCF-USA), a US-based non-profit that supports the education of underprivileged children. It has an active network of more than 30 chapters in cities across the United States.

TCF-USA supports the programs of The Citizens Foundation (TCF) in Pakistan, one of the leading organizations in the field of education. TCF was started in 1995 by a group of concerned citizens who wanted to bring about social change through education. In 22 years, it has built and operates 1,441 purpose-built schools providing quality education to 204,000 children with an all-female faculty of 12,000 teachers.

TCF-USA donors have built and support over 200 of these elementary & secondary schools with an enrollment of 65,000+ boys and girls.

In 2009, Mr. Sehgal was named a Young Global Leader by the World Economic Forum, which meets annually in Davos, Switzerland.

 

Q&A: with Zarrar Sehgal, Diversity Committee Leader

What is the ethos behind the firm’s approach to diversity?

Clifford Chance commits to the highest standards of what we call “Responsible Business”, and we are privileged to drive positive social change from a position of industry leadership across the globe. From the way we hire and develop people to the work we do and the partners we work with these standards are embedded within our culture of teamwork and putting clients first. We are very proud of the fact that Clifford Chance is one of the most diverse firms in the world.

This isn’t just a question of ethics and culture; diversity is also a business imperative. We act for the world’s leading businesses on their most important and challenging matters, which tend to be complex, multifaceted and, very often, international. Delivering the best legal and business solutions relies on our ability to assemble dynamic and cohesive teams on the basis of identifying the best person for each role.

What has a more diverse and inclusive workplace brought to your firm, and also to your clients?

For one thing, it creates a positive and measurable alignment with our clients. They have made it clear that they want diverse firms and teams, and they are “walking the walk” in their own internal staffing. With each significant industry initiative, such as the American Bar Association’s Resolution 113, the terms of engagement on diversity are driving accountability. We applaud that.

The fact that we are a global firm serving a multinational client base speaks for itself in terms of the need for diversity, but we also benefit, as a practical matter, within our firm. We know that the best teams thrive on innovation, the interplay of different perspectives and a richness of views from a diverse range of backgrounds and cultures.

More broadly, we are seeking to build a workplace that recognizes talent and accomplishment. When we create an environment in which everyone feels comfortable and confident, we can develop our people to their fullest potential and thrive as a more client-focused business.

How do you encourage a more diverse and inclusive workplace?

The real impetus behind our people strategy is the fact that our colleagues are highly engaged and committed to doing our best work. We believe that people excel when they are supported in expanding their skills and experience as well as in developing their resilience, and that same impulse is constantly driving us to innovate.

Role models and mentors are essential, and a diversity of role models and mentors is even better. The benefits are clear: By broadening our talent pool, people can more clearly envision themselves succeeding and developing, especially when they can see different people taking different paths.

Clifford Chance recently collaborated with The Legal 500‘s GC Magazine in publishing a book entitled Advice to My Younger Self: Reflections of Successful Women Lawyers. It features stories from our women lawyers and alumnae and explores the process of defining and achieving professional success on your own terms. The primary messages apply to anyone embarking on a challenging career, be courageous, push boundaries, be true to yourself, seek mentors, focus on the business of your practice and, of course, do the work. It’s compelling to see those themes weaving themselves naturally through the course of 20 separate interviews.

What is needed to help bring more diverse candidates into the legal profession?

More diverse candidates. I think all firms would like to have a larger pool to draw from. But commitment and action are also needed. The former requires buy-in and constant nurturing from the top down. Diversity must be a core value and permeate all aspects of a firm’s culture.

Concrete action is essential. Among our more recent initiatives, Clifford Chance is proud to be an early adopter of the United Nations’ (UN) Standards of Conduct for Business to promote equality for lesbian, gay, bi, trans and intersex people in the workplace and beyond. In the United States, we have also signed on to be a pilot firm in a new US legal industry initiative called the Mansfield Rule, which sets percentage-based goals to ensure that diverse candidates are considered for promotions, senior level hiring and significant leadership roles in the firm.

What are your policies for recruitment, and what are the major challenges?

As a leading law firm, we recruit the best talent from around the world. It bears repeating that diversity is as essential to our commercial strategy as it is to the culture of our firm.

Taking a look at some challenges, given the structure and legacy composition of law firms’ particularly of large partnerships’ it’s a long-haul proposition to equalize the diversity balance. Mathematically, there are a limited number of partners we can make up annually against an existing pool of legacy candidates. We have more than 550 partners globally.

We also have attrition issues, for instance when we lose people partway through the pipeline, usually as mid-level associates, because they either seek other roles or (more often) accept an offer from one of our client organizations. We also look at unconscious bias, such as in connection with assigning challenging work so people can stretch and develop the skills needed to become a partner.

Retention of diverse staff is a critical issue , what are the programs your firm has in place that you feel will help retain your staff?

The best thing a firm can do to retain good people is to provide an interesting, challenging, supportive and happy work environment. In this context, I refer to diversity as an important component of our broader culture, which is a calling card for Clifford Chance and plays a big role in helping us attract and retain talent across the board.

Specific to diversity, we run numerous programs and initiatives aimed at promoting inclusion and diversity and wellbeing at the firm, and have several growing diversity networks. To ensure that all of our people have opportunities for development, we established the Clifford Chance Academy, which provides about 1,500 courses to our lawyers and business services professionals.

As just a few examples, in September 2015, the firm launched our global Arcus Allies program for employees who do not necessarily identify as LGBT++ but who wish to act as advocates for equal rights and fair treatment of LGBT++ colleagues. Arcus runs many events throughout the year, including a series of Pride art exhibitions, which showcase LGBT++ and supporter artists. This year the events will be held in 11 offices, including Amsterdam, Frankfurt, Hong Kong, London, New York, Paris, Perth, Singapore, Sydney, Tokyo and Washington, DC.

We have Women’s networks in the Americas, Asia, Amsterdam, France, Italy and London. In the US, our Black and Latino Subcommittee and Asian and Pacific Islanders Subcommittee have been well established for more than a decade, and we’ve recently created our Veterans group. In London, our London Women’s Network — which focused on 1) ensuring all colleagues have equal opportunities to succeed and 20 achieving gender parity — took bold action to accelerate the pace of change. Recognizing the need to be more inclusive and to encourage participation by everyone in pursuit of their goals, they devised a new strategy and launched a new group with a dynamic and non-gender specific name: Accelerate>>>. This group replaced the London Women’s Network in late 2018 with the goal of furthering the excellent work done by that group. There are five pillars in Accelerate>>>: institutional change, knowledge, connections, visibility and action by all.

Reporting and Transparency

Clifford Chance submits a “Communication on Progress” report to the UN Global Compact on a yearly basis.

In 2009, we signed the United Nations Global Compact as a further demonstration of our commitment to help advance sustainable business models and markets with a view to creating a more sustainable and inclusive global economy. We actively support the UN Global Compact’s 10 principles focusing on the core areas of human rights, labor, the environment and anti-corruption.

Our reporting is supported by an index of Global Reporting Initiative indicators, which we compile based on the principle of materiality. We also report on key diversity, employee development and community statistics.

We are proud to be one of the most transparent law firms in the world. To access any of our reports in PDF formats, please click on the following links: