A&O Shearman > London, England > Firm Profile

A&O Shearman > The Legal 500 Rankings

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

Praised for its ‘extensive experience, depth of practice and the quality of the individuals’, the equity capital markets practice at A&O Shearman maintains its reputation as a market leader in the space. The practice has a demonstrably strong track record acting on landmark issuer and underwriter-side mandates, particularly complex IPOs and equity fundraisings. With respect to its jurisdictional reach, the London team leverages the firm’s international strength to provide deep sector expertise across the UK, US, EMEA and Middle East regions. From the group’s deep bench, co-head of UK equity capital markets (ECM) James Roe focuses on strategic work in the space, and is recognised by clients as ‘an authority in UK equity transactions and the rapidly changing regulatory landscape’. Fellow co-head Michael Bloch is a 'deeply knowledgeable' lawyer who advises a range of corporate and banking clients on IPOs and follow-on offerings. Head of US ECM Adam Wells, a pre-eminent US securities lawyer, advises companies, sponsors and investment banks on highly complex and transformative deals.

Corporate and commercial > Financial services: contentious Tier 1

A&O Shearman‘s ‘deep expertise in dealing with financial institutions‘ marks the team as an advisor of choice for household names in the sector, and regularly handles highly sensitive and complex regulatory and internal investigations mandates. The department leverages the strength of the firm’s global investigations practice across continental Europe, the US and Asia, and is noted for its ‘thoughtful approach to blending the best legal knowledge into effective teams‘. Calum Burnett heads up the London-based litigation and investigations offering, while Arnondo Chakrabarti oversees the UK-wide litigation group. Sarah Hitchins brings ‘deep expertise‘ to her defence of clients in FCA investigations into alleged criminal and civil deficiencies in their financial crime controls. Mahmood Lone is well versed in conducting internal investigations, while Eve Giles‘ specialism is in conducting financial crime investigations, including those in relation to money laundering, insider dealing and market abuse. Brandon O’Neil, who is also admitted in New York, is particularly noted for his extensive knowledge of US authority-led investigations.

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

A&O Shearman houses a ‘capable and first-class team, who expertly assist clients to navigate through a complex and dynamic regulatory environment and provide practicable and commercially workable solutions’. The practice covers the full gamut of regulatory matters, from market infrastructure, payments regulation, fintech and consumer finance to regulatory change projects and transactional work. A ‘market leader’ in derivatives and securities regulation, Damian Carolan jointly leads the team alongside Bob Penn, who acts for banks, asset managers and market infrastructure providers on domestic and cross-border matters. ‘Excellent and engaging’ Ben Regnard-Weinrabe focuses on mandates concerning fintech, payments, cryptoassets, retail banking and consumer finance, while Kate Sumpter has demonstrable experience advising international banks on regulatory-driven structural change projects. Other key contacts in the group include co-head of the firm’s financial markets and markets infrastructure regulatory practice, Nick Bradbury, and fintech regulatory specialist Nikki Johnstone.

Crime, fraud and licensing > Fraud: civil Tier 1

The civil fraud offering of A&O Shearman, headed by Calum Burnett and Arnondo Chakrabarti, acts on matters ranging from fraudulent misrepresentation to transactions at an undervalue and internal company frauds. The practice has a ‘great and co-ordinated overseas network‘, resulting in the team taking on numerous complex, large-scale and multi-jurisdictional matters, such as search and seizure orders as well as freezing and disclosure orders. Accordingly, Brandon O’Neil and Tom Spackman are lauded for having ‘an excellent nose for solutions to asset tracing‘, while Juliet de Pencier, who specialises in cross-border enforcement issues, is noted as ‘exceptional‘. Andy McGregor is experienced in handling high-value civil fraud cases for large international banks, among others, and is considered ‘one of the genuinely big names in civil fraud in London‘. Further key members of the team are Eve Giles, a specialist for corporate crime matters with a fraud issue, Helen Biggin, who regularly assists corporates with internal fraud investigations, as well as Jonathan Hitchin.

Dispute resolution > Banking litigation: investment and retail Tier 1

A&O Shearman ‘provides the premier banking litigation service’, with the team recommended for their exceptional industry knowledge. The considerable bench strength of the team provides it with a wealth of experience advising many international leading banks and financial institutions on high-profile disputes and regulatory investigations. Arnondo Chakrabarti ‘runs an impressive team’ alongside Calum Burnett, that has ‘outstanding talent from the most junior associates to the most senior partners’. Noted practitioners within the team include Andrew Denny, who has a ‘first-class legal mind’, Mahmood Lone, described as a ‘great litigator’ by one client, and Michael Godden, who has a wealth of experience in cross-border litigation, ranging from derivatives and debt capital markets to Islamic finance disputes and syndicated lending. The team continues to expand, with Michael Godden and Andy McGregor both having joined the team in 2022 from Norton Rose Fulbright and RPC, respectively.

Dispute resolution > Public international law Tier 1

In addition to its expertise in bilateral and multilateral investment treaty-related disputes, A&O Shearman is consistently sought out by states and international organisations to advise on WTO work, sanctions, sovereign immunities, and state succession. The team also assists with boundary disputes, international humanitarian law, and international anti-terrorism conventions. London PIL leader Mark Levy KC acts in investment treaty arbitration claims, as well as WTO cases; disputes expert David Herlihy is a 2022 partner recruit from Skadden, Arps, Slate, Meagher & Flom (UK) LLP; James Freeman acts in high-profile investment treaty cases; and Guled Yusuf is a recently-elevated partner. Other key advisers include public law group chair Andrew Denny, and international trade and regulatory law head, Matthew Townsend. Counsel Sarah Garvey is 'incredibly dedicated to her clients', while Katrina Limond and Jack Busby are active senior associates. Investment treaty arbitration partner Matthew Hodgson recently returned to the London office from Hong Kong.

Employment > Employers Tier 1

The employer-side practice at A&O Shearman, described by clients as ‘genuinely exceptional,' is recommended for its expertise in the financial services sector, while also demonstrating strong capability in other industries such as tech and pharmaceuticals. The firm has an extensive record in defending tribunal and High Court claims, including high-profile cases concerning non-compete agreements. Senior investigations and the employment aspects of M&A transactions are also covered by the team. Practice head Sarah Henchoz has a high level of experience in cross-border and multi-jurisdictional restructuring and HR projects. She is supported by financial services employment expert Robbie Sinclair and Vicky Wickremeratne, who formerly worked in-house at Goldman Sachs. Kate Pumfrey and senior associate Hannah Crisp are further names to note.

Employment > Pensions (non-contentious) Tier 1

Finance > Acquisition finance Tier 1

‘At the forefront of the market in terms of technology and terms’, A&O Shearman provides ‘very high service quality’ to a lender-focused client base that includes its well-established cadre of commercial/investment banks, as well as a growing roster of credit funds. The firm’s flexibility and aptitude at advising on debt products throughout the capital structure, including bank and bond mandates, is a hallmark of the practice, as is its ability to leverage vast international resources on complex cross-border transactions. The ‘excellent‘ Denise Gibson is one of many within a ‘deep, high quality bench’ of lawyers focusing on lender mandates and is noted for her aptitude at handling both sponsor-led matters, as well as corporate-driven acquisition finance mandates. Drawing on a raft of experience in private practice, as well as in secondee roles at banking institutions, Matt Moore is highly attuned to the commercial needs of lender clients, including on structured growth market transactions and other event-driven financings. As well as her conventional acquisition finance strength, Annette Kurdian‘s varied practice also includes niche expertise advising on cross-over leveraged/infrastructure deals, in addition to working on distressed mandates. Although the firm is better-known for its lender credentials, this should by no means detract from a strong borrower practice, which, under the guidance of the ‘exceptionally commercial, knowledgeable and experienced’ Robin Harvey continues to handle new money deals for myriad sponsor clients, as well as providing refinancing assistance for portfolio companies in a challenging economic climate. At a more junior level, the ‘technically knowledgeable and very responsive’ Neil Sinha and Vanessa Xu have also been pivotal to building up the firm’s private equity brand, with both also noted for their ‘strong execution skills’. Gibson co-heads the leveraged finance team alongside Nicholas Clark, who has been central to the firm’s growth in the private credit space, including work for direct lenders on unitranche financing. Philip Bowden also still manages to maintain a vibrant transactional practice (both on leveraged and investment grade acquisition finance deals) alongside his managerial duties as global banking head.

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

Combining the ‘inherent bench strength and breadth of experience of a Magic Circle firm, with the personal touch and availability normally retained for smaller firms’, A&O Shearman remains a very popular choice among major commercial and investment banks for advice on syndicated global loans. In this context, the ‘top-notch banking team’, which is co-headed out of London by Simon Roberts and Philip Bowden, is also able to effectively leverage its vast international resources, ensuring that it can provide a holistic, one-stop-shop approach. Drawing upon ‘a vast and detailed knowledge of the syndicated loan market’, Greg Brown regularly advises lenders on the provision of finance facilities for large investment grade borrowers, including in relation to ESG/sustainability-linked transactions. The ‘exceptional’ David Campbell arrives at ‘very pragmatic solutions’, including for Nordic lenders and corporates, in addition, he has been at the forefront of the firm’s use of legal technology to better facilitate the migration from LIBOR to new risk-free rates. The ‘super responsive’ Jane Glancy has a ‘broad range of knowledge and experience’, which she imparts to good effect on general corporate lending (for both investment grade borrowers and on cross over credits), as well as investment grade-led acquisition finance facilities. Senior associate Dominique Crowley is also recommended and has been at the forefront of the firm’s efforts advising on the transition from LIBOR to risk-free rates.

Finance > Corporate restructuring & insolvency Tier 1

Drawing upon an ‘impressive’ breadth of expertise across formal insolvencies, corporate restructurings, special situations and distressed M&A, A&O Shearman remains a popular choice among creditors, debtors and investors in big-ticket mandates across a myriad sectors. As well as the firm’s deep substantive knowledge in the space, it is also able to effectively mobilise market-leading practitioners from complementary practice areas (including litigation, corporate and finance) across its vast network of international offices, ensuring that it is able to provide a highly co-ordinated offering spanning geographies. Led on the restructuring front out of London by team head Katrina Buckley and Joel Ferguson, this multi-disciplinary/multi-office approach is effectively showcased by the firm’s continued involvement for the administrators of Greensill Capital. As well as her conventional transactional practice Jennifer Marshall is also noted for the high-level advice she provides as a result of her thought leadership in evolving and novel areas of law.  Randal Weeks is another vastly experienced practitioner who brings gravitas and commerciality to work on behalf of security agents and lenders, including banks and hedge funds. The firm also includes a number of highly-valued more junior practitioners, including Nick Lister and Nick Charlwood, who ‘combines very strong technical knowledge of insolvency and restructuring law with a very commercial, deal-oriented approach’. 

Finance > Debt capital markets Tier 1

A&O Shearman is ‘the market leader in debt capital markets, consistently providing the highest level of client service and its lawyers are the best in the market‘. A top choice for new issuance by corporates, financial institutions and sovereigns, the firm is also a leading adviser on liability management deals, debt programmes, and innovative areas of the market such as digital bonds. The ‘very dependable, sound and fair‘ Tom Grant, who has a particular focus on regulatory capital transactions, leads the practice. He recently helped a global bank establish a €5bn MTN programme for Novo Banco. Daniel Fletcher recent advised a bank syndicate comprising BNP Paribas, HSBC and RBC Capital Markets on the European Investment Bank’s inaugural issuance of sterling-denominated digital bonds. US-qualified partner Sachin Davé is ‘very proactive, commercial and  reliable‘, particularly for private placement transactions. Jamie Durham and the ‘experienced and affable‘ Jonathan Melton ‘understand how to get a deal across the line‘. Theo Trayhurn (who is ‘an excellent sparring partner and is very good at drafting technical provisions‘) assisted Associated British Foods Plc with £400m in new issuance. Peter Crossan, who work acts for corporates, financial institutions, sovereigns and supra-nationals, head of international capital markets Amanda Thomas and newly promoted partner Andrew Enga all play central roles in the DCM practice.A&O Shearman has 'extremely knowledgeable debt capital markets lawyers; focused and client-oriented with a very good understanding of their clients' business'. The firm handles a variety of public and private debt deals, including equity-linked notes, investment-grade offerings, liability management transactions, and programme establishment. Head of EMEA capital markets Trevor Ingram 'produces work of the highest calibre'. He acted for Deutsche Bank as underwriter of the $2bn offering of sustainability-linked notes by Eaton Corporation. Key partner Pawel Szaja, who works in both Dubai and London, has extensive experience in both debt and equity transactions in the CEE and CIS regions. 'They know their subject matter backwards and don't miss a beat', say clients of Ingram and 'responsive, detailed, smart' associate Evangelia Andronikou. Marwa Elborai moved to A&O Shearman.

Finance > Derivatives and structured products Tier 1

A&O Shearman is 'at the top of technical expertise across the derivatives space, and has a very deep team of technically excellent senior lawyers'. Active across the entire suite of products and asset classes, the firm remains a key source of innovation and thought leadership. The practice led by Emma Dwyer, who frequently works with industry bodies including with ISDA, FIA Europe and SiFMA on OTC derivatives regulatory initiatives, is ' great at guiding their clients through complex legal issues and providing different practical solutions'. Guy Antrobus 'helps clients focus on making key difficult commercial decisions'. The 'amazing' Parya Badie recently acted for fund manager Glennmont Partners in a €1bn structured finance deal backed by sustainable infrastructure projects in Europe and the UK. Securitised derivatives specialist Andrew Sulston and newly promoted Tanya O'Hagan are 'technically excellent, responsive and commercially minded, and proactively think of innovative solutions'. Daniel Shurman, who has expertise in equity financings, margin loans, and repo and stock lending transactions, technology and resourcing solutions developer Tom Roberts, and head of the Markets Innovation Group David Wakeling are key drivers of innovation in the market. Ross Stewart returned to London from Hong Kong, bringing his long experience in equity financing (in margin loan and derivatives format), structured finance and repackaging transactions. Up-and-coming partner Paul Allan is 'one of the key credit derivatives lawyers in the market and combines impeccable technical skills with a commercial approach to transactions'. Paul Cluley, Tony Drake-Brockman and Richard Tredgett all retired in 2022.

Finance > Islamic finance Tier 1

Finance > Securitisation Tier 1

A&O Shearman 'really does dominate the securitisation and structured real estate finance spaces, including bespoke structures in often unusual asset classes', and clients note that the lawyers are 'thoughtful, efficient and pragmatic in their solutions'. The firm's ten-partner group handles the full range of asset classes, though it has  particular depth in whole business securitisations and corporate structured funding, including infrastructure and project bond-related work. Practice head Salim Nathoo recently acted for African Frontier Capital LLC in a $62m receivables financing transaction to provide capital to fund access to solar products to consumers living off-grid in Kenya. Key partner Lucy Oddy frequently advises financial institutions, funds, private equity firms and corporates on structured finance. Sally Onions assisted a global institutional alternative investment management firm as the seller and retention holder in a  £2.1bn securitisation transaction backed by non-conforming owner-occupied and buy-to-let mortgages. Emerging partner talent Iona Misheva is adept in a variety of asset classes, among them commercial real estate, whole business, receivables and residential mortgage loans. Daniel Hill is recommended for public and private RMBS and covered bond transactions both in the UK and in Europe. Tim Conduit is 'particularly helpful and proactive' in receivables financing transactions. Franz Ranero is a key adviser on CLO transactions, and senior associate Tim Monahan is also highly recommended.

Finance > Trade finance Tier 1

A&O Shearman‘s trade and commodity finance practice is ‘commercial, innovative and always responsive‘. The firm is active in some of the most high-profile transactions in the market, particularly those with structured finance elements, thanks to its combination of derivatives, commodities and trade expertise. ‘Wonderful leader and adviser‘ Catherine Lang-Anderson leads the practice along with structured finance partner Daniel Shurman. Anderson recently acted for the co-ordinating committee of creditors ED&F Man on the the restructuring of $1bn indebtedness, which included borrowing base and revolving credit facilities, and the provision of $300m in new money facilities. Banking partners Greg Brown and Oleg Khomenko are keenly involved in the practice, advising lenders and borrowers on a broad range of complex cross-border financing transactions, including trade finance structures. Head of the ECA practice Lorraine Bayliss acted for lenders and UK Export Finance in the financing of the construction of a new £140m subsea power cable manufacturing and R&D facility in Cambois near Blyth, Northumberland. As well as trading houses and financial institutions, the firm increasingly acts for corporate borrowers using utilise trade  and receivables finance to maximise working capital.

Finance > Transport finance and leasing Tier 1

Leveraging resources across its vast international network, as well being able to access market-leading broader capital markets, restructuring and tax offerings, A&O Shearman is well-positioned to advise creditors and debtors across the broad spectrum of transactions, often involving sophisticated debt products. Paul Nelson leads on the aviation front, and is particularly effective advising on complex highly structured transactions, including recent work, in a difficult economic/geo-political environment, for several airlines as issuers in relation to enhanced equipment trust certificates (EETC) capital markets transactions. Harry Upcott is particularly effective at advising aviation lessors on financings, as well as on portfolio transactions. Kevin Young has broad finance expertise for commercial banks, ECAs and operators across a wide range of new money deals and restructurings, both in the conventional shipping space, as well as in the off-shore sector. Jonathan Bevan heads the rail group and advises lenders and sponsors on high-profile acquisitions, divestments and refinancings. Mario Jacovides recently retired from the partnership, although he is still providing some input on an ad-hoc basis in his role as a consultant.

Industry focus > Emerging markets Tier 1

A&O Shearman is a standout firm for structured finance, projects and debt capital markets deals in emerging markets, and the firm continues to build on its strong track record in first-of-kind transactions. The team is 'experienced in various sectors, knows its stuff from a legal perspective and is well staffed', and one client notes that the firm 'has good matter management, driving deals forwards and being very proactive in approach, acting very much as trusted advisers in a collaborative way'. The lead partners for the emerging markets group are debt financing specialist Greg Brown and banking and restructuring partner Kathleen Wong. International capital markets partner Sachin Davé and head of the ECA practice Lorraine Bayliss (who 'really knows her stuff, is commercial, responsive and proactive') are among the many standout partners. Bayliss is a key adviser to Trans Adriatic Pipeline AG on its project to build a new new gas pipeline crossing Turkey, Greece, Albania and the Adriatic to terminate in Italy. Upstream oil and gas specialist Andrew Castle, head of the Africa group Tim Scales, who is also co-head of the global projects practice, and Oleg Khomenko, who advises lenders and borrowers on cross-border financing transactions in the CEE and the Middle East, are also highly recommended. Trade and commodities finance specialist Catherine Lang-Anderson recently acted for the co-ordinating committee of creditors ED&F Man on the restructuring of its debt and the provision of $300m in new money facilities.A&O Shearman has a strong track record in complex, high-profile international transactions and disputes in challenging geopolitical and regulatory elements, whether in Africa, the Middle East, Central Asia or other emerging markets. As an example, it is currently acting for NEOM Company on the financing and development of the $8.5bn NGHC Project to create a world-scale green hydrogen and green ammonia production facility. Project development and finance partner Ben Shorten, who oversees the emerging markets work done from London, took the lead on that deal, working with colleagues in Abu Dhabi and Riyadh. Key partner Sanja Udovicic frequently acts for sponsors, investors and lenders on energy and infrastructure transactions, and her recent highlights include advising IFC  on the negotiation of PCS terms as part of a financing to Amunet Wind Power Company to develop a 505MW wind power plant in Egypt. The firm hired Julia Derrick from Ashurst senior associate Kristel Fournier-O’Connor from A&O Shearman to add experience in M&A, project development and commercial contracts in the energy sector.

Industry focus > Life sciences and healthcare Tier 1

The ‘excellent‘ team at A&O Shearman assists a diverse range of companies across the biotech, medical device, and consumer healthcare industries on the full gamut of contentious and non-contentious issues. The group often dispenses advice on capital markets issues, and licensing and collaboration agreements. Jim Ford and Matthew Appleton jointly lead the practice; Ford has deep knowledge spanning product distribution agreements, patent licensing, and product development collaborations, while Appleton leads on the transactional side of the practice, often advising large pharmaceuticals companies on public takeovers and private M&A. Praised for her ‘vast amounts of experience‘, patent litigator Marjan Noor has expansive expertise in supplementary protection certificates and the enforcement of strategies. Rafi Allos has ‘great knowledge‘ and regulatory expertise, often acting in disputes concerning generics.

Investment fund formation and management > Real estate funds Tier 1

A&O Shearman’s funds and asset management group sits as part of a globally integrated team and, as such, is well placed to advise on the full gamut of issues pertaining to cross-border real estate, private equity, infrastructure, credit and sovereign wealth funds. With asset management, tax and regulatory practitioners in-house, the firm provides a rounded approach to real estate funds mandates, acting for some of the top funds in the market on the establishment of open-ended and closed-ended vehicles, joint ventures and co-investments. Matt Huggett heads the team and advises alternative investment fund managers on public and private funds and related regulatory matters, while Nick Williams is a name for fund establishment, joint ventures, secondaries and restructurings. Dominic Von Wulffen is another key practitioner who focuses on regulatory and structuring matters, while Emma Danforth is recommended for real estate and debt investments. In October 2022, Pavel Shevtsov retired and moved into a consultancy role, and Paul Sampson left for Kirkland & Ellis International LLP.

Projects, energy and natural resources > Infrastructure: M&A and acquisition financing Tier 1

A&O Shearman acts on the full range of infrastructure and energy matters, with mandates including roles on high profile telecom acquisitions, investments in wind projects and advising on investments in civil infrastructure projects in the Middle East. The firm demonstrates deep knowledge and understanding of a variety of assets, handling work from TV infrastructure, data centres and subsea fibre optic networks, through to wind, gas and green ammonia projects. Industry veteran David Lee leads the team and is singled out for his work advising on both indirect and direct equity investments in a variety of developments.  M&A lawyer Richard Evans sits alongside Lee at the helm of the group and has a broad practice that sees him regularly advise on multi-jurisdictional international mandates. Jocelyn Land is active on structured finance transactions, whereas Jan Skuhravý focuses on cross-border M&A and acquisition financing. Ed Moser advises sponsors, borrowers and funders on the development, acquisition and financing of energy and infrastructure assets. Sara Pickersgill and Emma Shelston left the firm alongside finance partner Stuart Rowson at the start of 2023 to join Kirkland & Ellis International LLP.

Projects, energy and natural resources > Infrastructure: Project finance and development Tier 1

Providing financing advice on a litany of projects – including impressive activity in EV and telecommunications infrastructure – A&O Shearman maintains a leading position in the market, trusted by a roster of financial, insurance and corporate institutions. The firm demonstrates strength in refinancing mandates, showcased by roles overseeing a series of deals that allowed UK and pan-European corporations in the transportation and maritime industry to expand their fleets, as well as providing counsel to Fortune 500 multinationals acting as lenders in critical, complex cross border infrastructure projects. Team head David Lee  has a broad practice that involves close connection with sponsors, funders and the public sector, with a notable focus on large-scale green projects. Tim Conduit is widely regarded for his knowledge of PPP endeavors and is active advising clients on financing mandates and advising the World Bank as it progressively develops its PPP Legal Framework guidance. Ed Moser is a go-to for counsel pertaining to core and core plus infrastructure assets. Jocelyn Land is also a key figure in the team,  notably providing refinancing counsel on large  European wind farm developments.

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

A&O Shearman‘s team of ‘highly skilled professionals with extensive experience in the field of oil and gas’ frequently advises on the entire lifecycle of large-scale projects, through planning, construction, financing and operation, and on to refinance and sale. The group has strong credentials across the globe, including in Europe, the Americas, Asia Pacific and also African markets. Dispute resolution in the oil and gas industry is another core pillar of the team’s practice. Team leader Troy Edwards has extensive experience advising governments, lenders, developers and contractors on privately and publicly financed energy projects. John Geraghty is noted for for cross-border M&A, joint ventures and project development.

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

Energy and construction specialist Troy Edwards co-leads the London team at A&O Shearman with international support from Washington-based co-head of the firm’s global practice John Marciano and Paris-based Marie Stoyanov. Chris Andrew is focused on renewable and low carbon energy projects; Mark Walker, who is noteworthy for his expertise in thermal power, renewables and gas projects, international in scope; and the firm’s global managing partner Gareth Price who has a reputation for his finance-related work. Andrew Castle retired in 2023. Further team changes include the departures from A&O Shearman of projects partners Trinh Chubbock and Ben Shorten to Gibson, Dunn & Crutcher in July 2023, of consultant John Inglis to Dentons in May 2023, and of Sanja Udovicic to Ashurst in the same month.

Projects, energy and natural resources > Water Tier 1

Real estate > Environment Tier 1

The practice at A&O Shearman has a strong reputation for its abilities advising on the full gamut of matters across the environmental regulatory law space. Its workload consists of advising its noteworthy portfolio of clients on matters including renewables, regulatory law and corporate compliance. It regularly advises on emerging ESG requirements across various industry sectors, as well as on the financing and construction of large-scale environmental projects both domestically and internationally. Carbon avoidance and removal projects are another area of focus. Tom d’Ardenne, who has particular expertise in REACH and producer responsibility requirements, was promoted to partner in May 2023. Matthew Townsend is at the helm of the London offering in addition to his position as co-lead of the firm’s global environmental, climate and regulatory team. Sustainability specialist counsel Kelly Sporn departed to DLA Piper in October 2022.

Real estate > Property finance Tier 1

Powerhouse A&O Shearman have ‘great depth of practice and experience and international reach’, advising lenders and sponsors on landmark financings, including many pan-European big ticket real estate M&A, European development finance and portfolio transactions. Leading partners Mark Manson-Bahr and Simon Roberts maintain an active international practice advising banks on large scale real estate loan portfolio trades and structures. David Oppenheimer is ‘commercial minded and can do it all, including restructuring.’ Peter Mailer and David Varne are also top names to note for lender and borrower-side financing. Joining from Goldman Sachs in early 2023, Anneliese Foster adds complementary expertise in mezzanine lenders and private equity funds on their European real estate finance matters, with a focus on complex infrastructure debt transactions and holdco financings.

Risk advisory > Corporate governance Tier 1

A&O Shearman offers clients ‘depth and breadth of knowledge and insight in respect of key changes in corporate governance best practice’ and has recently been handling a number of high-profile issues raised in the media, including shareholder activism, ESG/sustainability matters and corporate compliance. The practice is led by corporate partner Dominic Morris and includes Richard Browne, a key name for governance and disclosure advice, public takeover bids and other transactional matters, and Matthew Townsend, who is a contact for environmental, climate change and regulatory issues. David Broadley is also active on corporate matters, while Claire Coppel is recommended for corporate governance and shareholder activism. At the more junior end of the team, counsels Victoria Rankmore and Kate Astley are noted for their AGM and annual reporting advice.

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

From digital assets to smart contacts and major fintech projects across multiple jurisdictions, A&O Shearman‘s offering runs the fintech gamut with blockchain, cryptocurrencies, and financial instruments linked to digital banking additional areas of expertise. The firm is a popular destination for clients ranging from disruptive start-ups to global institutions. Ben Regnard-Weinrabe leads the payments law practice and is the global fintech co-lead. His far-reaching regulatory practice spans expertise in central bank digital currencies and e-money transactions. William Samengo-Turner is co-head of technology for EMEA and is regularly called upon to assist major corporations with digital transformations. Nikki Johnstone is equipped to assist with the regulatory framework and contractual structuring of new financial products. Jane Finlayson-Brown has in-depth knowledge of  large scale outsourcing projects, while data protection issues are an area of strength for Karishma Brahmbhatt. Rory Copeland‘s experience extends to obligations and promotion rules concerning payment services. Charlotte Rowlandson is a key contact for private acquisitions and disposals in the fintech space.

TMT (technology, media and telecoms) > Intellectual property: patents (contentious and non-contentious) Tier 1

Commended as a ‘top quality’ and ‘high calibre’ team, A&O Shearman is noted for its global IP capabilities, acting for the largest companies in the technology and telecoms sectors. David Stone leads the global IP team, while Jim Ford co-chairs the firm’s global life sciences group and is known for his expertise on the exploitation of IP rights. Mark Ridgway routinely acts for clients in high value mandates across the technology, telecoms, life sciences and financial services sectors, and Nigel Parker possesses vast experience across complex IP joint ventures, IP compliance and risk, and sponsorship agreements, among others. Known for his cross-border dispute capabilities, Mark Heaney is well-versed in hi-tech sector litigation. Neville Cordell bolsters the practice with his experience in managing a variety of disputes, while Marjan Noor specialises in life sciences patent litigation. Rafi Allos is also noted for his expertise in the life sciences space, as well as regulatory advice. Senior associates Tom Edwards and James Fox are also recommended, with the former regularly assisting clients with multi-jurisdictional patent disputes, and the latter’s strength lying in hi-tech and telecoms patent litigation. Another name to note is associate Erin Currie.

TMT (technology, media and telecoms) > Intellectual property: trade marks, copyright and design Tier 1

A&O Shearman is noted for its brand disputes practice, acting for a roster of clients including international blue-chip corporations. The department also advises on numerous IP-rich M&A and joint venture transactions. David Stone leads the global IP practice, with vast experience in trade marks, registered and unregistered designs and copyright, and notable expertise in EU design law. Jim Ford and Nigel Parker lead the commercial IP team; both regularly advise clients on mandates concerning IP joint ventures, IP compliance and risk and licensing deals. Litigation specialist Neville Cordell further strengthens the practice, while associate Adrian Dykes operates across a broad range of contentious and non-contentious matters. The following associates are also of note: Karla Hughes’s strengths lie in EU trade mark and design law issues and Alex Shandro specialises in non-contentious IP and information technology law. Alexandra Wyles is especially active in the telecoms, media and technology industries.

Corporate and commercial > Corporate tax Tier 2

A&O Shearman‘s internationally experienced team has expertise in the full range of corporate and real estate tax matters, in addition to contentious issues. Financial tax is a particular area of strength, and the group acts for numerous European and global investment banks. The department is headed by Christopher Harrison, who leads the firm’s global tax practice. Senior partner Lydia Challen, who chairs the Tax Committee of the Law Society of England and Wales, has experience in all aspects of corporate tax. Charles Yorke handles asset finance and capital markets transactions, in addition to his contentious practice. James Burton is a key contact for transactions in the real estate sector. Tim Harrop has experience in tax aspects of M&A, reorganisations, and equity capital markets transactions. Vimal Tilakapala, who is a Deputy Judge of the Upper Tribunal, provides support as a consultant.A&O Shearman advises prestige clients on a range of high value international transactions. Areas of strength for the group include M&A, capital markets transactions, and structured finance and securitisations. Team lead Simon Letherman advises on a broad range of European and international transactions. Counsel Michael Ward covers finance transactions, M&A, and investment fund structuring.

Corporate and commercial > EU and competition Tier 2

A&O Shearman’s ‘brilliant’ competition law team possesses the skills and knowledge necessary to handle a wide range of prominent competition and antitrust matters across various industries. Renowned in the financial services sector, the firm is highly sought after by major UK and international banks for advice on mergers and cartel investigations. Head of the London antitrust group Philip Mansfield advises companies before EU, UK and international competition authorities and is well-regarded for his merger, cartel and behavioural experience. Assisting Mansfield is an impressive group of partners, including Dominic Long, who splits his time between the London and Brussels offices and specialises in complex cross-border merger clearances and cartel investigations, with a particular emphasis on the TMT, energy, and healthcare sectors. Seasoned EU antitrust practitioner Kristina Nordlander has specific expertise in the tech and life sciences sectors. Thomas Masterman has acted on some of the most high profile M&A matters, and a recent highlight includes advising Recticel on the CMA Phase II review. Competition law veteran Mark Friend has retired.

Corporate and commercial > M&A: Upper Mid-Market And Premium Deals, £750m+ Tier 2

The corporate practice at A&O Shearman offers a ‘high quality’ and ‘seamless service’ to clients across a range of sectors including financial services, retail, life sciences, gaming, engineering and information management. The practice has a strong international footprint and this has been further strengthened with the opening of a new office in Boston. The team regularly assists listed corporates in an array of matters including acquisitions, joint ventures, divestments, restructurings, risk management, carve outs and asset sales. Team head Dominic Morris specialises in domestic and international M&A, equity offerings, privatisations, public takeover bids and joint ventures for outbound US corporates. Richard Browne regularly handles public takeover bids, auctions and other purchases for clients. Public takeover expert Seth Jones, previously seconded to the Takeover Panel, has acted in market leading public M&A transactions. Entrusted by UK plcs and North American clients to assist with public and private M&A and equity capital markets in the financial services and infrastructure space is Richard Evans. ‘Go-to’ lawyer in the life sciences sector, Matthew Appleton,  energy and natural resources  specialist John Geraghty and financial institutions focused Duncan Bellamy , whose recent engagements include advising the Royal Bank of Canada on the acquisition of HSBC Bank Canada, are also recommended. Corporate finance expert Claire Coppel and Alex Tilley handle a range of corporate transactions and advise on corporate governance matters. Annabelle Croker and the very experienced David Broadley and Jeremy Parr are other key lawyers. Harsh Pais joined the London team in August 2022 to head the India Corporate practice, bringing energy, technology and financial services expertise and experience from working in the New York and Indian M&A markets. The firm is in advanced transatlantic merger talks with Shearman & Sterling.

Dispute resolution > Commercial litigation: premium Tier 2

The team at A&O Shearman is ‘very commercially astute and responsive’, acting routinely for top-quality clients and blue-chip corporates. For one client, the team has ‘unsurpassed strength in depth‘, with the varying expertise of the department allowing it to act across all sectors. Calum Burnett leads ‘one of the top-tier litigation teams in London’, specialising in investigations and contentious regulatory work, alongside Arnondo Chakrabarti who has expertise in banking and finance. Susanna Charlwood has a practice covering shareholder and joint venture disputes, with specific expertise in navigating cyber incident responses, as well as civil fraud litigation. Noted practitioners within the team include ‘outstanding, client-focused litigators’ Jonathan Hitchin, counsel Sarah Garvey, and senior associate Sophie Pringle.  

Dispute resolution > International arbitration Tier 2

With ‘deep knowledge of arbitration law and practice‘, A&O Shearman‘s London team is highly active in both commercial and investor-state arbitrations. The team is particularly well known for gas price disputes, but its wide-ranging expertise also covers claims involving banking, finance, IP, TMT, infrastructure and construction projects, and shareholder and M&A-related conflicts. The practice additionally acts in arbitration-related litigation. Heading the international arbitration group, gas price arbitration specialist Mark Levy KC is 'a superb advocate'; David Herlihy, a 2002 partner recruit from Skadden, Arps, Slate, Meagher & Flom (UK) LLP, and Matthew Hodgson, are both international commercial and investment treaty arbitration experts; and James Freeman has a 'brilliant mind'. Guled Yusuf, who acts in institutional and ad hoc arbitral proceedings, was elevated to partner in May 2022, while counsel Sunil Mawkin specialises in disputes in the construction and infrastructure sectors.

Dispute resolution > Tax litigation and investigations Tier 2

A&O Shearman's large team works alongside the firm's non-contentious offering, and provides comprehensive support in all areas of tax disputes, including pre-litigation advice, negotiations with HMRC, and tax investigations. Chris Harrison co-leads the department alongside Charles Yorke, who regularly acts for financial institutions, major oil companies, and infrastructure groups. Senior partner Lydia Challen advises on supply chain finance, and regularly consults with HMRC on the development of tax legislation. Eve Giles is a key contact for financial crime investigations.

Employment > Employee share schemes Tier 2

Employment > Pensions: dispute resolution Tier 2

Finance > High yield Tier 2

A&O Shearman has ‘massive experience in the high yield market, having defined the standards of excellence both in London and New York‘. Clients note that the London office has ‘‘an excellent execution team who make the task of co-ordinating lawyers in multiple jurisdictions seamless‘. It acts for both issuers and underwriters, among them Credit Agricole and Citigroup Global Markets. Practice head Ward McKimm and up-and-coming partner Gordon Houseman represented the initial purchasers in connection with a  €340m green bond offering by Sweden’s largest fuel company Preem. Head of EMEA capital markets Trevor Ingram is ‘a standout high yield lawyer, a trusted advisor, highly competent, approachable, positive and always available‘. He acted for Ardagh Metal Packaging Finance in its $600m offering of high yield green notes. Associate Evangelia Andronikou also plays a key role in the practice. Marwa Elborai moved to A&O Shearman.Among London’s Magic Circle law firms, A&O Shearman has made the biggest push into the high yield market, having built an impressive client base of investment banks and private equity sponsors, among them them Carlyle, CVC and ING. ‘The team has developed into one of strongest among its peers in London, with a team of highly skilled professionals with in-depth knowledge of securities laws and the high yield market‘, remarks a client. Highly respected practice head Kevin Muzilla acted for KCA Deutag in the $725m financing of its acquisition of Saipem S.p.A’s land drilling business. Mozilla and Jeanette Cruz acted for initial purchasers in a €600m issuance by Sazka Group. John Kicken is ‘an exceptional lawyer and has an impeccable reputation‘. He recently advised Hunkemöller and Parcom Capital on the committed financing aspects of the $700 million acquisition of women’s intimate apparel retailer Hunkemöller. Bradley Weyland has broad expertise across high yield bonds, bridge loans and credit facilities, and new recruit Marwa Elborai from A&O Shearman brings extensive experience in both high yield bonds and leveraged finance transactions.

Insurance > Insurance: corporate and regulatory Tier 2

A&O Shearman provides clients with a strong offering in the non-contentious corporate insurance space through a combination of its regulatory expertise, in-depth understanding of insurance businesses, and core transactional expertise; able to leverage the wider firm’s capabilities in M&A, capital markets, and banking on both a national and global level, the team is particularly well-placed to handle complex, cross-border mandates. The practice has an established capacity in handling major longevity swap and longevity risk transfer transactions, deploying a team of genuine specialists in the insurance space in addition to drawing upon the support of corporate teams. Philip Jarvis acts as the global head for insurance, employing his extensive experience in the full range of insurance transactions and products.  Kate McInerney is the other key contact 0n account of her notable track record in in longevity de-risking and significant de-risking and M&A transactions more generally.

Insurance > Insurance litigation: for policyholders Tier 2

Joanna Page leads the litigation and investigations team at A&O Shearman, an experienced team which represents companies in disputes against the Lloyd’s market, Bermuda market and international insurers. The firm’s wider financial sector expertise contributes to the team’s strong expertise in this market: acting in insurance disputes involving complex financial instruments and capital markets structures. It also has notable experience in the use of arbitration, with team members’ ‘excellent technical and commercial knowledge’ contributing to this form of dispute resolution. Russell Butland has particular experience regarding business interruption claims, as well as political risk policies.

Real estate > Commercial property: investment Tier 2

The ‘commercial, efficient, and resilient’ team at A&O Shearman is knowledgeable of the corporate, financing and tax aspects of development and investment transactions. Christopher Woolf leads the department and is often engaged in investment acquisitions and disposals, landlord and tenant issues, in addition to refurbishments. Praised as ‘effective and charismatic’, Hayden Cameron has handled a range of transactions in the hospitality sector, while Nick Saner is proficient in joint venture development projects. Emma Willoughby is a key contact for lenders in the hospitality and retail sectors, as well as the student and senior living arenas.

Real estate > Construction: non-contentious Tier 2

A&O Shearman is known for its advice on significant standalone construction mandates, particularly those related to energy transition. The firm is also proficient in handling the construction aspects of broader project development transactions, providing a holistic service to clients. Under Troy Edwards‘ leadership, the practice offers significant expertise in both privately and publicly financed energy projects, benefiting governments, lenders, developers, and contractors. Alex Chenery brings his comprehensive experience in advising sponsors and lenders on major construction projects within the energy and infrastructure sectors. Mark Walker further strengthens the department with his extensive exposure in power, gas, LNG, coal, and renewables-related projects throughout the UK, Europe, and the Middle East. Energy infrastructure projects specialist Daniel Garton joined from White & Case LLP in September 2023.

Risk advisory > Data protection, privacy and cybersecurity Tier 2

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

Having assembled an ‘unbelievably hardworking and able’ litigation and investigations practice, A&O Shearman routinely represents major international and domestic companies across the cryptocurrency, finance, and retail sectors. The team specialises in all aspects of financial crime, boasting substantial experience defending corporate clients in investigations brought by domestic and international enforcement agencies, including the SFO, FCA, and US DOJ. Calum Burnett and Arnondo Chakrabarti jointly lead, bringing vast expertise on corporate crime and regulatory matters to the group, while the ‘fabulously intelligent’ Eve Giles is also a key name to note. Jonathan Hitchin acts on multi-jurisdictional corruption cases, and Sarah Hitchins is an expert on internal investigations. Brandon O’Neil leads on many bribery and sanctions investigations. At the junior end, Hayley Humphries and Robin Marshall are recommended.

Transport > Rail Tier 2

The nimble team at A&O Shearman regularly works on a variety of complex and high value transactions in the rail sector. It has particular expertise in infrastructure (light and heavy rail), concessions and rolling stock. In addition, the London offering is able to draw on the expertise of its other offices globally. Recently, the group has been busy advising on a wide range of transactions including three major rail financings, a rail disposal, as well as a metro PPP. Practice head Jonathan Bevan has extensive experience on domestic and cross-border deals spanning rolling stock procurement, rail infrastructure, regulatory matters, projects, acquisitions and financings. Tim Conduit advises across a broad range of projects and infrastructure related work in the bond, bank and institutional debt markets.

Corporate and commercial > Private equity: transactions – high-value deals (£250m+) Tier 3

A&O Shearman’s sponsor-side team advises a number of leading PE houses and portfolio companies on high-value, cross-border transactions. Stephen Lloyd, the global co-chair of the private equity group, has almost three decades of experience working with PE houses and sovereign wealth funds, with recent highlights including a number of multi-jurisdictional sale processes for clients in the tech sector. Gordon Milne is a similarly experienced partner whose regular workload comprises big-ticket acquisitions and carve-outs. Other key names to note include Peter Banks and Monika Pryzgoda, who has recently advised on sales and acquisitions in the consumer goods and industrials arena. Karan Dinamani left the practice to join Sullivan & Cromwell LLP in March 2023.

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

Regularly handling complex money laundering, insider dealing, and corruption matters, A&O Shearman’s London litigation and investigations practice is highly regarded for its expertise in multi-jurisdictional proceedings. With experience ranging from SFO and NCA prosecutions to FCA and HMRC criminal investigations, the team is instructed by individual clients across industries including natural resources, security, and financial trading . Eve Giles is ‘outstanding’, drawing on her specialisms in domestic and international corruption and market abuse to lead the group, while senior associate Hayley Humphries has experience of financial crime and bribery issues. Tom Spackman and  Jessica Rodger are also key members of the team.

Dispute resolution > Competition litigation Tier 3

Exhibiting a ‘real depth of litigation experience’, the team at A&O Shearman assists clients with a broad range of disputes, including standalone and follow-on claims. Upon the retirement of Mark Friend, Philip Mansfield has assumed the position of practice head, having longstanding expertise in appearing before domestic and international competition authorities in settlement cases, and in matters involving regulatory approval for mergers. Praised for his ‘outstanding tactical and strategic nous’, litigator Jonathan Hitchin has deep knowledge of private damages claims as a result of cartel investigations; and Arnondo Chakrabarti handles group litigation issues before the CAT and the High Court.

Investment fund formation and management > Fund finance Tier 3

The fund finance team at A&O Shearman regularly advises banks, alternative lenders and investment fund managers on a wide range of facilities with European and offshore fund structures. Offering experience in acting for both lenders and borrower across his debt financing practice, co-head Greg Brown has a specialism in sustainability linked loans and has recently advised on revolving credit facilities, bilateral loan agreements, and subscription line and capital call facilities. Also heading the team is Fiona Cumming, who has significant knowledge of the Asian fund finance market, having established the firm’s fund finance practice in APAC, and offers expertise in advising lenders to funds on fund level financing, equity finance and leveraged and acquisition financings. Franz Ranero is well-equipped to stakeholders in the CLO and related debt fund financing market, focuses on structured finance and products, handling capital markets and financing transactions. Tom Constance advises bank and non-bank clients across a range of asset classes on structured finance ranging from leveraged loans to auto-loans and trade receivables. The team has been bolstered with the arrival of two new partners in November 2022 including Anneliese Foster, who joined from Goldman Sachs and offers real estate finance experience and experience in infrastructure debt and Holdco financing transactions, and US qualified partner Marwa Elborai, who joined from A&O Shearman and advises corporates, private equity, and financial institution clients on high yield bonds and leverage finance transactions. Paul Sampson left the firm in November 2022.

Investment fund formation and management > Hedge funds Tier 3

A&O Shearman‘s hedge funds practice centres on the launch, restructuring and re-domiciliation of funds with assets under management between $3-10bn, acting predominantly for fund managers but also investors. Practice head John Adams advises on the drafting of fund documentations and subsequent launches, and is also well versed in UK and EU regulatory regimes. Associate Jessica Brown assists both funds and investors with M&A transactions in addition to supporting the formation and ongoing operation of funds.

Investment fund formation and management > Private funds Tier 3

A&O Shearman is known for its specialist institutional investor sub-practice, which represents a number of institutional investors on their investments into private funds, including private equity, hedge and special situation funds. The firm also acts for private capital investors, including both GPs and LPs. Practice head Matt Huggett  has deep expertise in fund formation issues, particularly regarding environmental impact funds. Real estate funds expert Dominic Von Wulffen, and ESG specialist Emma Danforth are key names within the team. Nick Williams primarily focuses on infrastructure funds, and MaameYaa Kwafo-Akoto has notable experience in advising sovereign wealth funds.

Real estate > Commercial property: corporate occupiers Tier 3

Real estate > Commercial property: development Tier 3

The ‘commercial, efficient, and resilient’ team at A&O Shearman is knowledgeable of the corporate, financing and tax aspects of development and investment transactions. Christopher Woolf leads the department and is often engaged in investment acquisitions and disposals, landlord and tenant issues, in addition to refurbishments. Praised as ‘effective and charismatic’, Hayden Cameron has handled a range of transactions in the hospitality sector, while Nick Saner is proficient in joint venture development projects. Emma Willoughby is a key contact for lenders in the hospitality and retail sectors, as well as the student and senior living arenas.

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

Noted for its expertise in commercial agreements, outsourcing, licensing arrangements, IP, privacy and data protection, A&O Shearman handles a range of mandates from M&A and regulatory issues to dispute resolution and services procurement. William Samengo-Turner, who has experience in navigating the challenges and opportunities brought by digital disruption and innovation in the market, co-leads the team alongside Nigel Parker, who focuses on commercial IP and IT matters, and Tom Levine, who advises on telecoms projects in the Middle East.

Corporate and commercial > Venture capital Tier 4

Drawing upon its vast international network which enables it to 'cover deals in almost any jurisdiction, whether the US, Europe or emerging markets', A&O Shearman is gaining increased traction in the market for high-growth companies seeking to scale up and attract invest globally. The 'very knowledgeable, user-friendly and responsive' team head William Samengo-Turner has 'great market knowledge' within the tech sector and is able to leverage his previous time spent in Silicon Valley to good effect on transatlantic mandates. Praised for his ability to provide 'practical advice which is rooted in strong technical ability', senior associate Josh Little regularly advises early stage companies grow their businesses, as well as handling some investor work, including for corporate venture arms.

Public sector > Administrative and public law Tier 4

A&O Shearman continues to handle a steady stream of commercial public law, judicial review and public procurement mandates, with clients ranging from regulated corporates and utilities, to public bodies and major NGOs. Heading up the group is Andrew Denny, who offers particular expertise advising on public law aspects of major projects, including the lawfulness of government decisions and freedom of information matters. Maeve Hanna is highly sought after by large corporates, financial institutions and charities.

Real estate > Social housing: finance Tier 4

Real estate > Planning Tier 5

The planning group at A&O Shearman, led by Christopher Woolf, has demonstrable knowledge of European planning matters, which sees the practice assisting on Europe-wide transactions and advising foreign investors, financial institutions, and private equity firms. The firm provides traditional planning advice, as well as support with growing areas, including data centre development. Robert Share, promoted to counsel in May 2023, is an experienced planning lawyer with three main areas of focus: real estate investment and development; real estate finance; and energy and infrastructure.

Singapore > Projects: foreign firms Tier 1

A&O Shearman’s projects team is spearheaded by Jason Humphreys, a specialist in project development, project financing, and M&A matters. The team is particularly well known for its strength in representing clients in the energy and telecoms sectors, and have an excellent track record in advising on some of the region’s largest project financings and refinancings. The group frequently acts for major banks, export credit agencies, lenders, developers, and construction companies. Scott Lovell stands out for his expertise in handling oil and gas, mining, and LNG mandates. Following its merger with Shearman & Sterling, the team now includes Bill McCormack and Claude Jiang.

Mozambique > Foreign law firms Tier 2

A&O Shearman provides services to both borrowing and lending parties, with the Lusophone desk co-led by Tim Scales in London, Scott Neilson in Tokyo, Ian Ingram-Johnson in Dubai, and Alessandra Pardini in Johannesburg. Ingram-Johnson offers assistance to a wide array of clients, such as project sponsors, financial institutions, governmental entities, and project companies, in industries including power, oil and gas, and infrastructure, as well as transportation, mining, and metal. Meanwhile, Neilson contributes extensive expertise in the LNG, oil and gas, energy, and infrastructure sectors.

Singapore > Capital markets: equity and debt: foreign firms

A&O Shearman ‘provides commercial, pragmatic and timely advice’ to issuers, underwriters, and trustees and agents on the full spectrum of debt and equity transactions, including Islamic financing products, with additional expertise in corporate trust and agency offerings. Boasting a ‘strong US practice’, the team is well-placed to handle cross-border mandates, spanning intra-ASEAN/Southeast Asia, as well as inbound and outbound deals involving these regions. ‘The execution of capital markets transactions are always smooth sailing’ with Alexander Stathopoulos, while Aloysius Tan handles a range of fixed income and equity-linked capital market instruments. Hong Kong-based John Lee leads the team and Felipe Duque advises on offerings of high yield, convertible and investment grade bonds, IPOs, follow-ons and block trades, while Pallavi Gopinath Aney has experience in Reg S and Rule 144A international debt offerings, bond restructurings, consent solicitations, exchange offers, induced conversions, and tender offers. ‘Outstanding’ Tim Beech is another key contact in the group. Following its merger with Shearman & Sterling, the team now includes Andrew Schleider, who has considerable experience in offerings of high-yield and investment grade debt securities, convertible bonds and equity.

South Africa > Projects and infrastructure

Belgium > Banking, finance and capital markets

Singapore > Restructuring and insolvency: foreign firms

Led by Gautam Narasimhan, the team at A&O Shearman is well-placed to leverage its ‘market knowledge and extensive geographical coverage’ to advise on cross-border restructurings and insolvencies, frequently collaborating with offices in Hong Kong, Shanghai and Sydney. Narasimhan advises banks and credit providers on a range of rescue financings in Singapore and across the Southeast Asia region, while Rishi Hindocha handles a range of mandates, from informal restructurings, statutory rehabilitation and reorganisations, operational restructuring and turnarounds to recovery and enforcement cases. The team is praised for its ‘timely advice and pragmatic suggestions’.

India > Foreign firms

A&O Shearman’s ‘formidable’ dedicated India team, based primarily in Singapore and London, runs the gamut of contentious and non-contentious mandates, with notable strength in capital markets, private equity, and banking and finance. Acting for domestic clients and foreign investors in India, the team has a deep specialist knowledge of the Indian market and is particularly well known for handling direct lending transactions. Sheila Ahuja takes point on contentious matters and the ‘meticulous’ Pallavi Gopinath Aney is the key contact for capital markets, while managing partner Gautam Narasimhan leads on the banking and finance side. Harsh Pais, in London, is the key name for corporate and M&A. May 2023 saw Singapore-based Rishi Hindocha, the leader of the firm’s India restructuring and insolvency practice, promoted to partner.

Indonesia > Foreign firms

A&O Shearman is highly capable in offering its Indonesian clients assistance in complex, cross-border matters, particularly in relation to regulatory issues that may impact Indonesian businesses. Additionally, members of the practice are highly regarded in matters of banking, capital markets, M&A, restructurings and projects. It has acted for international clients in many of the largest projects related to the power sector, including waste-to-energy and largescale refinery matters. Notable members of the practice include Gautam Narasimhan, who focuses on complex transactions and financings, and Jason Humphreys, who has acted in leading projects matters in Indonesia. Felipe Duque and Aloysius Tan are also noted for their work in relation to Indonesian capital markets. In May 2023, Tom Jokelson and Rishi Hindocha were promoted to partner, while Brendan Hannigan left the firm for an in-house position in September 2022. Following its merger with Shearman & Sterling, the team now includes Kyungwon (Won) Lee, Bill McCormack and Richard Porter.

Vietnam > Projects and energy

Despite continuing to be a go-to by regional investors engaging with LNG and LNG-to-power ventures in the region, A&O Shearman has benefitted from the country’s driven focus towards solar and wind projects, witnessing an ever-increasing series of blockbuster instructions regarding these assets. The firm is called upon by a stellar list of global funds, corporates and financial institutions for its broad lens of focus regarding energy enterprises, and has been able to expand this list through its highly-regarded approach towards evolving areas in the market such as battery storage, carbon capture, waste-to-energy and wastewater solutions. Group head Adam Moncrieff’s extensive practice encompasses both the transaction and financing piece for the full range of energy asset types, with infrastructure projects including logistics hubs and transport builds rounding an impressive portfolio of matters. Fellow co-head Duc Tran is a leading projects lawyer and works closely with investors and lenders on a wealth of financing agreements, including initial project financing and syndicated loans, as well as overseeing the M&A piece on a number of deals. Thuy Huynh continues to be an active presence in the practice, demonstrating capable proficiency advising on cross-border acquisitions and financings.