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Allen & Overy LLP

Living Wage
ONE BISHOPS SQUARE, LONDON, E1 6AD, ENGLAND
Tel:
Work 020 3088 0000
Fax:
Fax 020 3088 0088
Email:
Web:
www.allenovery.com
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Top-tier Firm rankings

Firm Rankings


London: Corporate and commercial

Commercial contracts
Commercial contracts - ranked: tier 3

Allen & Overy LLP

Allen & Overy LLP is known for advising on high-value commercial projects, corporate transactions and joint ventures, and multi-jurisdictional projects. The practice is co-led by Jim Ford, Jane Finlayson-Brown, Tom Levine and Nigel Parker. Their team advised Lloyds Banking Group on its strategic partnership with Schroders in the wealth, investment and financial planning sector.

Practice head(s):Jim Ford; Jane Finlayson-Brown; Tom Levine; Nigel Parker

Key Clients

Lloyds Banking Group

News UK

Co-operative Group

GlaxoSmithKline

Prudential

IHS

Deutsche Bank

Marks and Spencer

Virgin Active

Work highlights

  • Advising Prudential on the IT and data aspects of its £12bn sale of a UK annuity portfolio to Rothesay Life.
  • Advising the lenders on the financing and commercial contracts of a global constellation developed by WorldVu Satellites Ltd (OneWeb) and comprising up to 800 low-orbiting satellites.
  • Advising Marks and Spencer on the IP and IT aspects of its £750m food delivery joint venture with Ocado, the UK’s leading pure play digital grocer.
  • Advising Deutsche Bank on the separation issues and transactional services aspects of its disposal of its global corporate services business to Vistra Group.
  • Acting for IHS in respect of its acquisition and leaseback of the tower portfolio of mobile operation Zain in the Kingdom of Saudi Arabia.
Next Generation Partners

Nigel Parker - Allen & Overy LLP

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Corporate tax
Corporate tax - ranked: tier 2

Allen & Overy LLP

Allen & Overy LLP advises  on corporate, financial and real estate tax matters, covering all of these from both a transactional and advisory perspective. The department often draws on the firm's international presence to offer clients a full cross-border service. Financial services tax is a key area of expertise, under the leadership of group head Vimal Tilakapala, and clients include a mixture of banks and other financial institutions, particularly in relation to financings, capital markets issues and structured finance. Christopher Harrison leads the global tax practice and James Burton stands out for real estate tax work.

Practice head(s):Vimal Tilakapala

Other key lawyers:Lydia Challen; Christopher Harrison; James Burton; Charles Yorke

Testimonials

'Very good for solutions - responsive, commercial, pragmatic, good value.'

'Charles Yorke is very good at working through problems and arriving at pragmatic workable solutions.'

Key Clients

21st Century Fox

Allianz

Citibank

Direct Line

Investec

Nationwide

Work highlights

  • Advised on the merger of Saham Group’s client relationship management business with that of Bertelsmann.
  • Advised Société Générale on the acquisition of the equity markets and commodities business unit of Commerzbank.
  • Advised a UK financial institution on a case over the tax treatment of redundancy costs.
Leading individuals

Christopher Harrison - Allen & Overy LLP

Lydia Challen - Allen & Overy LLP

Vimal Tilakapala - Allen & Overy LLP

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EU and competition
EU and competition - ranked: tier 2

Allen & Overy LLP

At Allen & Overy LLP, the antitrust group advises on a full range of issues including merger control, cartels, market investigations, behavioural cases, and state aid.¬†Demonstrating the depth of the department's expertise, the team acted for 21st Century Fox on its long-running ¬£27.7bn takeover bid for Sky, which encompassed advice on merger control, regulatory controls, and contentious issues. Apart from its traditional client roster of large corporations and financial institutions, the department also receives instructions from governments and public-sector bodies. The London team has a strong track record handling complex cross-border work, with its expertise complemented by the strength of the firm's Brussels competition team in particular. Global antitrust group co-chair Antonio Bavasso¬†, who is described by clients as a 'strategic thinker', advised 21st Century Fox in relation to its $71bn acquisition by the Walt Disney Company‚ÄĒ a transaction that involved securing multiple merger clearances internationally. Also of significance is the team‚Äôs strong presence in the financial services sector, with Mark Friend¬†and Philip Mansfield¬†leading a team¬† acting for BNY Mellon on the first investigation opened by the UK Financial Conduct Authority (FCA) using its competition enforcement powers. Friend leads the London-based practice, where Alasdair Balfour, counsel¬†Thomas Masterman¬†and Dominic Long¬†are also recommended.

Practice head(s):Mark Friend; Antonio Bavasso

Other key lawyers:Philip Mansfield; Dominic Long; Alasdair Balfour; Thomas Masterman

Testimonials

Allen & Overy’s team has unquestionable expertise in EU competition law, it engages and communicates clearly, and produces high-quality deliverables

The strength of the firm’s development program for associates results in a team which is efficient across all levels, from partner to junior level

Team members are very commercially minded and adopt a practical approach to achieving clients’ key goals

Antonio Bavasso has wide-ranging expertise and a unique ability to grasp how the issues at stake fit into the bigger picture in light of his clients’ interests

Mark Friend stands out for his sharpness and commercial acumen. He is an immensely experienced practitioner possessing particular in-depth knowledge of both competition law and judicial review procedures

Alasdair Balfour is very practical and constructive

Counsel Thomas Masterman is a standout in this area

Key Clients

21st Century Fox

Accenture

Arthur J. Gallagher & Co.

Allianz SE

The Blackstone Group

Bridgepoint Capital

Brookfield Asset Management

BT

BTG

Cisco

GitHub

Goldman Sachs

GlaxoSmithKline (GSK)

Hitachi

Hewlett-Packard

Iceland

Kingfisher

Lloyds Banking Group

Lufthansa

Macquarie Group

Marks & Spencer

Mubadala Investment Company

EMI Music Publishing

News Corporation

Qatar Petroleum

Reckitt Benckiser

Sky

The Gym Group

Total

TUI Group

Vue Cinemas

WPP Group

Work highlights

  • Advised 21st Century Fox on the merger and  UK regulatory aspects of its £27.7bn takeover bid for Sky, as well as on the subsequent £11.6bn sale of the client's 39% stake in Sky to Comcast.
  • Representing Qatar Petroleum in an ongoing EU investigation into alleged territorial restrictions of liquefied natural gas (LNG) supply agreements.
  • Represented BNY Mellon in relation to the first investigation opened by the UK Financial Conduct Authority (FCA) using its competition enforcement powers.
  • Advised BTG on competition issues arising out of its acquisition by Boston Scientific.
  • Advising Fox Networks on an investigation by the European Commission into alleged anti-competitive behaviour in the sports rights business.
Leading individuals

Antonio Bavasso - Allen & Overy LLP

Mark Friend - Allen & Overy LLP

Philip Mansfield - Allen & Overy LLP

Next Generation Partners

Dominic Long - Allen & Overy LLP

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Equity capital markets ‚Äď mid-large cap
Equity capital markets ‚Äď mid-large cap - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP is well known for its underwriter relationships, but has also been one of the leading company-side counsels for big-ticket listings and innovative deals on the London Stock Exchange (LSE). Of particular note, the team advised DWF on its recent IPO, making it the first law firm to list on the exchange's premium segment. Moreover, with recognised strengths in English and US securities law, the London team plays a significant role in the firm's wider EMEA ECM offering. In one recent example, a cross-office team spanning London and Abu Dhabi acted for Network International in its 2019 IPO on the LSE, which marked the largest IPO on record for a Middle Eastern tech company. 'One of the best corporate finance lawyers in the UK', James Roe is a key figure in the English capital markets group, which is headed by David Broadley, and Adam Wells leads the 'absolutely first class' US securities team. Also of note, Michael Bloch, 'a strong technical and commercial ECM practitioner', was promoted to partner in 2019.

Practice head(s):David Broadley; Adam Wells

Other key lawyers:James Roe; Michael Bloch; Jeff Hendrickson

Testimonials

'Probably one of the top three firms in the UK for capital markets advice.'

'A great capacity to solve difficult problems while delivering seamless high-quality service and smooth deal execution.'

'Very good strength in depth; not too reliant on any one individual.'

Key Clients

Network International

Quilter (formerly Old Mutual Wealth)

DWF

Compañía Española de Petróleos, S.A.U. (CEPSA)/Mubadala Investment Corporation

Marks & Spencer

Man Group

Sensyne Health

Sirius Minerals

Hellenic Bank

Work highlights

  • Advised Network International on its £2.2bn IPO and listing on the London Stock Exchange (LSE). At the time of completion, this was the largest listing in Europe in 2019 and the UK’s biggest IPO by a technology company since 2015.
  • Advised Quilter (formerly Old Mutual Wealth) on its demerger from the Old Mutual group of companies and on the associated IPO of Quilter plc on the LSE and its secondary listing on the Johannesburg Stock Exchange.
  • Advised DWF on its IPO and listing on the LSE, the first law firm to list on the premium listing segment of the Official List and on the main market of the LSE.
  • Advising Marks & Spencer plc on its proposed £600m rights issue, in connection with its announced joint venture with Ocado.
  • Advised CEPSA, the Spanish multinational oil & gas company, and Mubadala as selling shareholder, on the then-proposed IPO and listing of CEPSA on the Madrid, Barcelona, Bilbao, and Valencia stock exchanges (aborted due to market conditions).
Leading individuals

Adam Wells - Allen & Overy LLP

James Roe - Allen & Overy LLP

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Financial services: contentious
Financial services: contentious - ranked: tier 1

Allen & Overy LLP

Experienced in advising on a range of financial services matters, Allen & Overy LLP has particular expertise in handling regulatory investigations, as well as boasting  a financial services criminal defence capability covering anti-corruption and bribery, anti-money laundering, anti-trust and sanctions. The arrival of criminal defence lawyer Eve Giles from Kingsley Napley LLP further strengthens the team in this area. The contentious practice, led by Calum Burnett, works closely with A&O's regulatory lawyers and recently established regulatory consulting business, A&O Consulting. Notable in the team is Mahmood Lone, who specialises in acting on high profile investigations into alleged market abuse and manipulation. Damian Carolan heads the non-contentious regulatory group that acts for investment and retail banks, asset management firms and trade bodies across a range of advisory and transaction-related regulatory issues. His team includes Kate Sumpter, who has expertise dealing with complex regulatory-driven structural change projects for UK and international banks.

Practice head(s):Calum Burnett

Other key lawyers:Mahmood Lane; Eve Giles

Testimonials

'Practical experience allied with technical expertise'

'They know the real issues that matter and focus on those'

Work highlights

  • Advising a number of banks and FCA-only authorised firms in relation to their implementation of  The Senior Managers and Certification Regime (SMCR) and post-implementation issues.
Leading individuals

Calum Burnett - Allen & Overy LLP

Next Generation Partners

Mahmood Lone - Allen & Overy LLP

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Financial services: non-contentious/regulatory
Financial services: non-contentious/regulatory - ranked: tier 2

Allen & Overy LLP

Experienced in advising on a range of contentious and non-contentious financial services matters, Allen & Overy LLP has particular expertise in handling regulatory investigations, as well as boasting  a financial services criminal defence capability covering anti-corruption and bribery, anti-money laundering, anti-trust and sanctions. The arrival of criminal defence lawyer Eve Giles from Kingsley Napley LLP further strengthens the team in this area. The contentious practice, led by Calum Burnett, works closely with A&O's regulatory lawyers and recently established regulatory consulting business, A&O Consulting. Notable in the team is Mahmood Lone, who specialises in acting on high profile investigations into alleged market abuse and manipulation. Damian Carolan heads the non-contentious regulatory group that acts for investment and retail banks, asset management firms and trade bodies across a range of advisory and transaction-related regulatory issues. His team includes Kate Sumpter, who has expertise dealing with complex regulatory-driven structural change projects for UK and international banks.

Practice head(s):Damian Carolan

Other key lawyers:Kate Sumpter

Work highlights

  • Advising a number of banks and FCA-only authorised firms in relation to their implementation of  The Senior Managers and Certification Regime (SMCR) and post-implementation issues.
Next Generation Partners

Kate Sumpter - Allen & Overy LLP

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M&A: upper mid-market and premium deals, £500m+
M&A: upper mid-market and premium deals, £500m+ - ranked: tier 2

Allen & Overy LLP

Allen & Overy LLP advises FTSE100 and FTSE250 clients on a range of corporate M&A transactions, with a particular focus on deals with a heavy finance component. Key sector strengths include technology (TMT), media and telecommunications, life sciences and financial institutions. In the TMT sector, the firm advised 21st Century Fox on its unsuccessful bid for Sky and the subsequent sale of its 39% stake in Sky to Comcast. David Broadley and Seth Jones both took lead roles on this matter, and on the sale of the same client to Walt Disney for £71bn. They were assisted by senior associate Alex Tilley, who clients recommend for his 'practical and pragmatic advice'. Richard Hough frequently represents funds, investors and banks on corporate transactions in the financial services sector, bringing substantial Takeover Panel experience to bear. The practice is headed by Dominic Morris .

Practice head(s):Dominic Morris

Other key lawyers:David Broadley; Seth Jones; Richard Hough

Testimonials

'My first choice for a UK-based M&A transaction'

'Excellent market knowledge, very commercial, pragmatic and practical advice'

'Building a great team for public M&A over recent years, giving real bench strength with strong associates coming through.'

'Excellent availability and prompt, considered advice coupled with superb project management .'

'Dominic Morris possesses excellent market knowledge. He offers very commercial, pragmatic and practical advice, with excellent tactical insights'

'Alex Tilley offers pragmatic and practical advice, with excellent attention to detail and excellent leadership of transactions'

'Seth Jones is highly impressive, composed with first-class legal skills'

Key Clients

21st Century Fox

Aviva

GSK

Imperial Brands

Novartis

Thomas Cook

Thomson Reuters

Virgin Group and Virgin Money

WPP

Royal Dutch Shell

Tesco

Worldpay

Associated British Foods

BT

Deutsche Bank

Total

TT Electronics

Quilter (formerly Old Mutual Wealth)

TP ICAP

Prudential

Work highlights

  • Advised 21st Century Fox on its £27.7bn takeover bid for Sky and the subsequent £11.6bn sale of its 39% stake in Sky to Comcast.
  • Advised Virgin Money Holdings (UK) plc on offer by CYBG for the entire issued and to be issued share capital of Virgin Money, creating the UK’s sixth biggest bank.
  • Advising Marks & Spencer on its 50/50 joint venture with Ocado Group plc (Ocado) and its related rights issue.
  • Advised Hellenic Bank (Hellenic) on its EUR10.3bn acquisition of certain assets and liabilities of the Cyprus Cooperative Bank.
  • Advised EG Group on its AUD1.72bn acquisition of the Woolworths Petrol Business (WOW Petrol) from Woolworths Group Limited (WOW) and on its acquisition of the convenience store business unit from The Kroger Co. (Kroger) (NYSE:KR) for USD2.15bn.
Leading individuals

David Broadley - Allen & Overy LLP

Next Generation Partners

Seth Jones - Allen & Overy LLP

Rising stars

Alex Tilley - Allen & Overy LLP

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Private equity: transactions ‚Äď high-value deals (¬£250m+)
Private equity: transactions ‚Äď high-value deals (¬£250m+) - ranked: tier 3

Allen & Overy LLP

At¬†Allen & Overy LLP, the private equity team includes¬† 'high-quality specialists and corporate leaders', according to clients.¬†Significant new client wins include PE giant Blackstone and Ardian Buyout Fund. Karan Dinamani¬†advised the latter on the multi-million pound acquisition of¬†a majority stake in international education provider Study Group from Providence Equity Partners. Meanwhile, in one of the largest M&A transactions in Baltic history,¬†Dinamani and¬†Stephen Lloyd¬†advised Blackstone on its acquisition of a 60% stake in Luminor Bank for ‚ā¨1bn, from Nordea and DNB. Lloyd heads the practice, which also includes¬†Peter Banks¬†and Gordon Milne¬†,¬†in addition to Dinamani.

Practice head(s):Stephen Lloyd

Other key lawyers:George Knighton; Peter Banks; Gordon Milne; Karan Dinamani

Testimonials

'A hard-working team of pragmatic advisers that delivers seamlessly across multiple jurisdictions'.

'The team is highly capable from senior partner to junior associate and is the most cohesive and well structured legal team I have ever worked with. Junior members of the team are on top of the details and understand their work streams impeccably; the senior partners are on top of all the key pieces of information and are proactive rather than reactive. I never at once felt that I didn't receive 100% of a partner's attention, time, care and dedication'.

'Stephen Lloyd and Karan Dinamani are both technically and practically strong; they deliver advice pragmatically'.

'Karan Dinamani's raw intellect and ability to pick up new concepts or learn about new industries is mind-blowing. He is available 24/7 and he genuinely has the best interests of his client at heart."

Key Clients

Blackstone

Ardian Buyout Fund

Exponent Private Equity

Apax Partners

OMERS Private Equity

PAI Partners

The Carlyle Group

Advent International

Charterhouse Capital Partners

H.I.G. Capital

3i Group plc

Work highlights

  • Advising Ardian’s €4bn buyout fund on its multi-million pound acquisition of a majority stake in Study Group from Providence Equity Partners.
  • Advising private equity funds managed by Blackstone on the acquisition of a 60% stake in Luminor Bank for €1 billion, from Nordea and DNB.
  • Advised Exponent Private Equity on its acquisition of Meadow Foods, the UK’s largest independently owned dairy group, from Paine Schwartz and members of management.
  • Advised Exponent Private Equity on its acquisition of SHL - The CEB Talent Assessment Business - from Gartner Inc.
  • Advised PAI Partners on the sale of the caprolactone business (Capa) of its portfolio company Perstorp to a U.S.-listed corporate, Ingevity Corporation (Ingevity) in a cash transaction valued at approximately €590m.
Leading individuals

Karan Dinamani - Allen & Overy LLP

Stephen Lloyd - Allen & Overy LLP

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London: Crime, fraud and licensing

Fraud: civil
Fraud: civil - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP is adept at dealing with high value multijurisdictional matters that involve a high volume of documents, freezing orders, disclosure orders, and search and seizure orders. Other areas of expertise include world-wide asset freezing, interim applications and ancillary orders such as for passport retention. The firm acts for claimants and defendants in the oil and gas, telecoms, manufacturing, banking and financial sectors. Senior associate Helen Biggin handles cross-border dispute resolution involving fraud in emerging markets, including Iraq, while fellow senior associate Juliet de Pencier is also well-regarded.

Other key lawyers:Helen Biggin; Juliet de Pencier; Jonathan Hitchin; Becky Valori

Testimonials

‘Well known as leaders in their field for high profile complex litigation’.

'They know their clients intimately and work throughout different departments seamlessly to maintain this.'

'Juliet de Pencier is very easy to work with and is always professional in her communications; she is extremely organised and a very hard worker’.

'Associate Alex Mobbs punches well above his weight given his performance and commitment to our case.'

'Juliet de Pencier, Becky Valori and Alex Mobbs are each excellent litigators, and also work together as formidable team.'

Work highlights

  • Advised members of the Kazakhstan Kagazy Group, one of Central Asia’s largest paper and packaging manufacturers, in a multi-million dollar fraud case.
  • Representing a major international hedge fund in relation to the theft of valuable algorithmic trading strategies by a rogue employee who fled to Hong Kong from the UK.
  • Acting for Ricardo Oliveira, RO-Car Classic and Grupo Ricardo Oliveira, defendants in proceedings brought in the High Court in England by a Portuguese state-related company, Parvalorem.
Rising stars

Helen Biggin - Allen & Overy LLP

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Fraud: white-collar crime
Fraud: white-collar crime - ranked: tier 3

Allen & Overy LLP

Allen & Overy LLP made a significant push into the white collar market with its hire of the well-regarded Eve Giles from Kingsley Napley LLP to head up its investigations team and bolster its ability to represent individuals in high profile criminal investigations. The team has experience acting for corporates and individuals and its areas of focus include advising on FX investigations, allegations of money laundering, insider dealing and market abuse, as well as anti-bribery and corruption investigations, data protection and cybercrime matters. The firm is involved in a number of standout corporate crime matters involving investigations by organisations such as the Serious Fraud Office and the Financial Conduct Authority. In London, Giles' practice complements those of regulatory and corporate crime partners Arnondo Chakrabarti and Jonathan Hitchin. Outside the UK, Allen & Overy has criminal practitioners in offices including the US, Netherlands, France, Hong Kong and Germany.

Practice head(s):Eve Giles

Testimonials

‘A&O is a huge and highly skilled firm, with great skills across the board.’

‘The addition of Eve Giles, from Kingsley Napley, brings some old-fashioned and deep criminal experience to complement the firm's existing litigation skills.'

'Eve Giles is dedicated and clever, with great tactical awareness. She provides exceptional client care and is detailed, meticulous and persistent.'

Key Clients

Individual in the SFO’s Rolls Royce investigation

Individual in the SFO’s investigation into G4S

Individual in the SFO’s investigation into Rio Tinto

Work highlights

  • Acting for an individual from Rolls Royce who is a suspect in the SFO’s investigation into overseas corruption.
  • Acting for an individual following the high profile investigation into G4S for the overcharging of contracts for tagging offenders.
  • Acting for an individual in the SFO’s ongoing investigation into alleged overseas corruption by Rio Tinto.
Leading individuals

Eve Giles - Allen & Overy LLP

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London: Dispute resolution

Banking litigation: investment and retail
Banking litigation: investment and retail - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP's highly rated banking and finance litigation team advises on the full range of issues affecting clients in the financial sector, ranging from major regulatory investigations to high-profile disputes. The practice regularly works alongside the firm's specialists in banking, restructuring, derivatives and corporate trustee practices. It successfully defended Deutsche Trustee in English proceedings, which were brought by Dana Gas in relation to the enforceability of the repayment of an Islamic Bond under English Law. Calum Burnett heads the London litigation and investigations practice, while Andrew Denny has particular expertise in litigation involving complex structured financial products. Also key to the team are Mona Vaswani, Arnondo Chakrabarti, Mahmood Lone and James Partridge, along with counsel Oliver Rule; white-collar crime specialist Eve Giles was hired from Kingsley Napley LLP.

Practice head(s):Calum Burnett 

Other key lawyers:Andrew Denny; Calum Burnett; Mona Vaswani; Arnondo Chakrabarti; Mahmood Lone; Oliver Rule

Testimonials

'The experience of working with this team is unparalleled from a litigation perspective.'

'The team displays very sound judgement and a wealth of litigation experience.'

Work highlights

  • In one of the most significant actions brought by parties seeking to avoid their obligations in relation to contracts referencing interest rate benchmarks, the team acted for HSH Nordbank, Bayerische Landesbank, ING Bank and Caixa D’Estalvis in the successful defence against misrepresentation claims brought by Marme Inversiones.
  • Acted for a major bank in proceedings that relate to a structured finance transaction, the proceeds of which are alleged to have been embezzled by third parties.
Leading individuals

Andrew Denny - Allen & Overy LLP

Calum Burnett - Allen & Overy LLP

Next Generation Partners

Mahmood Lone - Allen & Overy LLP

Rising stars

Oliver Rule - Allen & Overy LLP

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Commercial litigation
Commercial litigation - ranked: tier 2

Allen & Overy LLP

Allen & Overy LLP has a strong track record advising clients in challenging and business-critical cases, with the majority of the firm's commercial litigation cases involving an international dimension. The group regularly works alongside the firm's corporate, restructuring and banking practices. Highlight matters have included  Joanna Page leading the defence of an energy player's Indian subsidiary in UK litigation proceedings relating to the supply of liquefied petroleum gas. Calum Burnett heads the magic circle firm's UK litigation and investigations group, which includes partners such as leading individuals Lawson Caisley , Jonathan Hitchin and  James Partridge. Caisley's practice includes fraud and white-collar crime, cyber security breaches and shareholder disputes, with his sector expertise including private equity, aerospace and defence, technology and entertainment. Hitchin is well known for disputes arising during the acquisition and disposal of businesses, the failure of joint ventures, claims arising out of the insolvency and reconstruction of corporate entities, and fraud claims. Partridge meanwhile focuses on asset finance disputes in the aviation and shipping sectors, derivatives-related cases, and disputes involving the interpretation of complex commercial and financial agreements. Other well-regarded individuals are Alice Englehart and Richard Farnhill, along with counsel Sarah Garvey and senior associate Helen Biggin. In a boost to the investigations team Eve Giles was hired as partner in the white-collar crime team from Kingsley Napley LLP.

Practice head(s):Calum Burnett

Other key lawyers:Jonathan Hitchin; James Partridge; Joanna Page: Alice Englehart; Richard Farnhill; Sarah Garvey; Helen Biggin; Eve Giles

Testimonials

'Jonathan Hitchin is a superb litigator with an increasing reputation in competition law disputes'.

'Joanna Page is a first-class litigator and inspires confidence from clients; she is always on top of the detail'.

Work highlights

  • The team acted for an international hedge fund in relation to the theft of valuable algorithmic trading strategies by a rogue employee who fled to Hong Kong from the UK.
Leading individuals

James Partridge - Allen & Overy LLP

Jonathan Hitchin - Allen & Overy LLP

Lawson Caisley - Allen & Overy LLP

Rising stars

Helen Biggin - Allen & Overy LLP

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Competition litigation
Competition litigation - ranked: tier 2

Allen & Overy LLP

Representing primarily defendants, Allen & Overy LLP‚Äôs client base includes multinational companies and banks as well as¬† public-sector clients such as governments and governmental bodies. The team stands out for its wider expertise in areas such as litigation, intellectual property, and financial services. One distinguishing characteristic of the group is its strong presence in the financial sector, where the team is advising Citibank on various private enforcement actions taken as a result of the European Commission‚Äôs foreign exchange markets investigation. Antitrust private damages actions are a steady source of work for the team; ‚Äėstrong litigator‚Äô Jonathan Hitchin¬†often takes the lead in this regard. Clients have ‚Äėthe highest regard for the team‚Äôs wide-ranging expertise‚Äô, which covers other industries such as TMT and regulated sectors (particularly energy, water, rail, and air traffic control). Also recommended is¬†Antonio Bavasso, who¬†heads the global competition practice and is adept at handling media plurality issues. The team received a boost in April 2018, when criminal cartel specialist¬†Eve Giles¬†joined from Kingsley Napley LLP.

Practice head(s):Mark Friend; Antonio Bavasso

Other key lawyers:Jonathan Hitchin

Testimonials

'Team members are knowledgeable, resourceful, hard-working, and provide excellent service to clients'

'A top law firm in this field'

'Antonio Bavasso has a deep understanding of the law, but he is also innovative in utilising his knowledge'

'Jonathan Hitchin is a superb litigator with a growing reputation in competition litigation'

Key Clients

Micron Technology

21st Century Fox

441 Trust Company

Scania

Citibank UK

Work highlights

  • Assisting Micron Technology with handling a private damages claim, brought by the liquidators of multiple companies as a result of the European Commission's settlement decision in its cartel case involving Dynamic random-access memory (DRAM) producers.
  • Representing 441 Trust Company in proceedings challenging Visa's default interchange fee, brought by certain UK and European retailers against Visa.
  • Represented 21st Century Fox in judicial review proceedings brought by the Avaaz Foundation. The case appealed Ofcom's 'fit and proper' decision relating to the proposed merger between Sky and 21st Century Fox.
  • Acting for Scania, a leading Swedish truck manufacturer, on private damages actions brought in the aftermath of the European Commission's heavy truck investigation.
  • Defending Citibank UK against a claim brought by institutional investors in relation to the European Commission's findings concerning a foreign exchange cartel.

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International arbitration
International arbitration - ranked: tier 2

Allen & Overy LLP

Allen & Overy LLP 'provides excellent project management and works in diverse teams across jurisdictions and professions'. The practice has a long-established London-based arbitration team, which handles both commercial and investor-state arbitrations. The team is particularly active in arbitrations involving insurance, banking, finance and complex financial products and infrastructure and construction projects. Richard Smith specialises in international arbitration and insurance coverage arbitrations, particularly those conducted under the Bermuda Form insurance policy; gas price arbitration expert Mark Levy QC took silk in 2019; and recently promoted partner James Freeman has significant experience in energy disputes. The other names to note are Kate Davies, along with senior associates Sunil Mawkin, Naomi Briercliffe and Guled Yusuf. Suzanne Spears was hired from Volterra Fietta.

Practice head(s):Mark Levy QC

Other key lawyers:Richard Smith; James Freeman; Kate Davies; Sunil Mawkin; Naomi Briercliffe; Guled Yusuf; Suzanne Spears

Testimonials

'The team has significant expertise in oil and gas litigation, including price reviews of long-term supply contracts and post-M&A disputes; the team also has experience of more remote jurisdictions, such as Kazakhstan and various jurisdictions in West Africa'.

'Mark Levy QC stands out as an expert in pricing disputes'.

'James Freeman is very hardworking, diligent and committed'.

Key Clients

Shell

South Stream Transport

Johnson & Johnson

Qatargas

Kempinski Hotels

International Finance Corporation

OPEC Fund for International Development

Reliance Industries

Manchester United

Work highlights

  • Acted for Gazprom's subsidiary, South Stream Transport, in an ICC arbitration with contractor Saipem, which related to a cancelled pipeline project to transport gas from Russia to various European countries.
Leading individuals

Mark Levy QC - Allen & Overy LLP

Richard Smith - Allen & Overy LLP

Next Generation Partners

James Freeman  - Allen & Overy LLP

Kate Davies - Allen & Overy LLP

Rising stars

Sunil Mawkin - Allen & Overy LLP

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Public international law
Public international law - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP has superlative expertise across the full spectrum of public international law and related matters ranging from environmental and human rights issues to transnational jurisdiction, international compliance and sanctions issues. Its 'outstanding and hardworking' team is experienced in state-to-state disputes before the International Court of Justice and tribunals under the jurisdiction of the Permanent Court of Arbitration, ICSID, the United Nations Convention for the Law of the Sea and other ad hoc bodies. The group's capabilities in human rights law was bolstered by the arrival of Suzanne Spears from Volterra Fietta; she handles advisory and contentious work, with a focus on matters related to investment treaties, territorial boundaries, international trade and sovereign immunity. Mark Levy QC regularly coordinates with the Paris office in representing sovereign state and corporate clients in commercial arbitrations and investment treaty cases. Other key figures include Kate Davies and James Freeman and senior associates Naomi Briercliffe and Guled Yusuf. 

Practice head(s):Mark Levy QC

Other key lawyers:Suzanne Spears

Testimonials

'Mark Levy and Suzanne Spears are excellent, they have a real commitment to broaden and deepen the knowledge across the firm in the public international law and human rights area.'

'Suzanne Spears is one of the leading lawyers in business and human rights. She is engaging, alert and reliable, and she is aware of all the rapid developments in this area. I cannot recommend her highly enough.'

'Kate Davies is especially bright and knowledgeable in her field of expertise'

'Kate Davis and Guled Yusuf are both remarkably smart, entrepreneurial, and highly dedicated to achieving the goals they set for themselves and their clients.'

'Guled Yusuf is a future leader in the field. He is charismatic with encyclopaedic knowledge of international law. He stands head and shoulders above most practitioners.'

Key Clients

European Union

European Investment Bank

Federal Republic of Somalia

Islamic Republic of Pakistan

UniCredit

Sultanate of Oman

Work highlights

  • Acting for the European Union and the European Investment Bank in major multi-jurisdictional litigation concerning breaches by the Syrian Arab Republic of a series of agreements relating to various commercial and construction projects in Syria.
  • Advising the Federal Republic of Somalia on its accession to the World Trade Organisation.
  • Representing the Aire Centre, as intervener, in a Supreme Court case concerning the application of the Refugee Convention and the UK government’s responsibilities thereunder in connection with refugee families currently living on the sovereign base areas in Cyprus.
  • Advisisng Genossenschaft Elektra Baselland and Tubo Sol PE2 S.L on a recently launched claim at ICSID under the Energy Charter Treaty against the Kingdom of Spain.
Leading individuals

Mark Levy QC - Allen & Overy LLP

Next Generation Partners

Kate Davies - Allen & Overy LLP

Suzanne Spears - Allen & Overy LLP

Rising stars

Guled Yusuf - Allen & Overy LLP

Naomi Briercliffe - Allen & Overy LLP

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Tax litigation and investigations
Tax litigation and investigations - ranked: tier 2

Allen & Overy LLP

The 'high-quality individuals' that make up Allen & Overy LLP's team ensure the firm stands out for its financial services tax disputes experience, which includes administrative disputes, regulatory investigations and litigation, often with an international perspective. The group also handles disputes arising from corporate and real estate transactions. Vimal Tilakapala, who has expertise in alternative dispute resolution methods, leads the team, which includes corporate tax specialist Lydia Challen  and  Charles Yorke , who is noted for financial sector tax disputes.

Practice head(s):Vimal Tilakapala

Other key lawyers:Lydia Challen; Chris Harrison; Charles Yorke

Testimonials

'A group of clever, hard-working lawyers with a good sense of commercial realities and what it takes to win cases'

'Charles Yorke is particularly astute and very client-centred'

'The team has deep technical expertise'

Key Clients

Investec

PwC

Lloyds

Work highlights

  • Advising Investec on a case addressing whether the purchase price paid for partnership interests by a bank constitute income or capital expenditure
  • Advising PwC as administrator of Phones 4U on tax disputes arising out of the bankruptcy of the mobile phone retailer
  • Responding to an HRMC investigation into so called “tower structure” tax schemes on behalf of a European multinational.

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London: Finance

Acquisition finance
Acquisition finance - ranked: tier 1

Allen & Overy LLP

Instructed by a balanced roster of lenders and borrowers on deals which traverse both capital structure and geographies, Allen & Overy LLP has 'superb visibility in the market'. With some 31 partners focused on transactional banking work in London, the firm has the critical mass to handle a tremendous volume and variety of deals, and is as comfortable handling sponsor-led leveraged finance mandates as it is advising on corporate-led event-driven acquisitions. Recent highlights include Jonathan Brownson's and Matt Moore's work (alongside a team of high yield experts) for the lead arrangers on the bank and bond financing in support of the bid for TDC, a publicly listed Danish telecommunications company, by a consortium of investors led by Macquarie Infrastructure and Real Assets. On the borrower side, Robin Harvey has an excellent reputation among private equity sponsors and he recently advised PAI Partners on the debt financing aspects of the leveraged buyout from First Reserve of M Group Services. Co-head of the firm's global banking practice, the 'excellent' Philip Bowden, has very strong ties with core lender clients and he regularly represents on financing packages to facilitate both leveraged and investment grade acquisition financing. The 'very capable' Denise Gibson is noted for her work on behalf of traditional banks, as well as credit funds/alternative lenders.

Practice head(s):Jonathan Brownson

Other key lawyers:Philip Bowden; Robin Harvey; Denise Gibson; Nicholas Clark; Sanjeev Dhuna; Matt Moore; Darren Hanwell; James Graham

Key Clients

Hg Capital

Exponent Private Equity

PAI Partners

CVC Capital Partners

H.I.G. Capital

Advent

Waterland

OMERS Private Equity

AIMCo

Work highlights

  • Advised the mandated lead arrangers in relation to the €3.9bn loan financing and €1.4bn high yield notes financing in support of the bid for TDC, a publicly listed Danish telecommunications company, by a consortium of investors led by Macquarie Infrastructure and Real Assets (MIRA).
  • Advised the co-ordinator of the loan facilities provided to finance Blackstone’s acquisition of Schenck Process, a German-headquartered solutions provider for measuring and process technologies in industrial weighing, feeding, screening and automation.
  • Advised the arrangers under a €503m senior facilities; an €80 million second lien facility and an €80m revolving credit facility in respect of PAI’s acquisition of the Asmodee Group, a leading games publisher and games specialist distributor from Eurazeo.
  • Advised the mandated lead arrangers in relation to the English law governed €690m first lien and €167m second lien loan facilities in support of the acquisition by Platinum Equity Advisors of the entities comprising the Wyndham Vacation Rentals Europe business, a European based holiday rentals business.
  • Advised the mandated lead arrangers and lenders on the senior and second lien facilities to finance the approximately €1bn acquisition by Cinven of Envirotainer, a provider of refrigerated cargo containers used in the pharmaceutical industry.
Leading individuals

Denise Gibson - Allen & Overy LLP

Jonathan Brownson - Allen & Overy LLP

Philip Bowden - Allen & Overy LLP

Robin Harvey - Allen & Overy LLP

Next Generation Partners

 Matt Moore - Allen & Overy LLP

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Bank lending: investment grade debt and syndicated loans
Bank lending: investment grade debt and syndicated loans - ranked: tier 1

Allen & Overy LLP

Leveraging the firm's deeply entrenched commercial and investment bank relationships, and also able to effectively resource multi-jurisdictional deals by virtue of its huge international network of offices,¬†Allen & Overy LLP¬†remains a market leader for syndicated deals throughout EMEA. Although it is better known for advising on the lender side, the team also regularly handles corporate lending work for numerous large public companies, providing the firm with an excellent perspective of market terms from both sides and across the full spectrum of the capital structure.¬†Melissa Samuel ¬†has an excellent reputation for lenders and borrowers across a range of corporate lending, structured finance and acquisition finance. She has experience advising on 'super jumbo' deals, including her work for the lead arrangers and underwriters on a $775m two stage syndicated financing facility and a $230m bridge to equity issuance facility in support of Elementis plc‚Äôs acquisition of Mondo Minerals.¬†David Campbell's broad-ranging banking prowess regularly includes big-ticket cross-border syndicated loan facilities, and he recently advised the arrangers to Renewi plc¬†on an amendment and extension to its main banking facility, converting it to a ‚ā¨550m Green Loan Facility. Global head of corporate lending¬†Trevor Borthwick¬†and co-head of global banking¬†Simon Roberts¬†are also recommended, with the latter recently advising a¬† global financial institution in relation to the amendment and restatement of Rio Tinto‚Äôs $7.5bn multicurrency facilities.

Practice head(s):Philip Bowden; Trevor Borthwick

Other key lawyers:Simon Roberts; Melissa Samuel; David Campbell; Greg Brown; George Link; Greg Brown; Nicholas Clark; Darren Hanwell

Key Clients

Marks & Spencer plc

Halma plc

TP Icap plc

Quilter plc

Great Portland Estates plc

Work highlights

  • Advised the arranger on the acquisition financing of Inform plc’s acquisition of UBM plc.
  • Advised the documentation arrangers and sustainability arrangers to Renewi Plc on an amendment and extension to its main banking facility, converting it to a €550m Green Loan Facility.
  • Advising the lenders on a new syndicated facility for general corporate purposes and refinancing an existing debt facility for Smurfit Kappa Corporation Limited, a FTSE 100 company and world leader in paper-based packaging.
  • Advised the lead arranger and underwriter on a $775m two stage syndicated financing facility and a $230m bridge to equity issuance facility in support of Elementis plc’s acquisition of Amsterdam-based Mondo Minerals.
  • Advised a global financial institution in relation to the amendment and restatement of Rio Tinto’s $7.5bn multicurrency facilities.
Leading individuals

David Campbell - Allen & Overy LLP

Melissa Samuel - Allen & Overy LLP

Simon Roberts  - Allen & Overy LLP

Trevor Borthwick  - Allen & Overy LLP

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Corporate restructuring & insolvency
Corporate restructuring & insolvency - ranked: tier 1

Allen & Overy LLP

With a core group of ten partners based in London, and also able to draw upon 'huge firm-wide resources' across Europe, Asia, the Middle East and the US,¬†Allen & Overy LLP's¬†¬†'strong, experienced and capable' team has the critical mass and geographical reach to provide a one-stop-shop service to a broad range of stakeholders in many of the highest-profile and most challenging cross-border restructurings. Praised for the 'technically strong and commercial' attributes of their lawyers from across all levels of seniority, the team is able to provide a 'very solution-oriented and nuanced approach' with the flexibility to offer international advice including, but not limited to, US Chapter 11, UK schemes of arrangement, pre‚Äďpackaged sales and debt for equity swaps. This overarching knowledge and experience across jurisdictions was recently deployed to good effect on the firm's representation of the co-ordinating committee as creditors on the $5bn financial restructuring of Ojer Telekom¬†and the subsequent creditor acquisition of its subsidiary Turk Telekom. The 'exceptional'¬†Ian Field¬†is global head of the firm's restructuring group and is appreciated for his 'ability to remain calm when the pressure is on'.¬†Randal Weeks ¬†has 'excellent attention to detail', which he exhibits¬† on behalf of lender clients on big-ticket restructurings.¬†Jennifer Marshall¬†provides 'outstanding focus and leadership' across both contentious and non-contentious matters and is recognised as a thought-leader across many cutting-edge industry topics.¬†Joel Ferguson¬†¬†has extensive experience advising a wide range of clients, including financial institutions, funds, corporates, and insolvency practitioners. The team's funds-related restructuring offering was recently enhanced by the return to the firm in April 2019 of¬†Tim Watson , following a stint at investment management firm Davidson Kempner.

Practice head(s):Ian Field; Earl Griffith

Other key lawyers:Randal Weeks; Katrina Buckley; Jennifer Marshall; Tim Crocker; David Lines; Joel Ferguson; Hannah Valintine; Nick Lister

Testimonials

'The firm displays very consistent quality across the team.'

'It is a very strong, experienced and capable team with a good bandwidth of partners, senior associates and associates.'

'They go the extra mile for their clients.'

'Ian Field is an exceptional restructuring and insolvency lawyer.'

'Earl Griffith is especially able in dealing with the detail in complex documents, including security.  He also is a pro-active communicator.'

Work highlights

  • Advised the co-ordinating committee in connection with the financial restructuring of the existing credit facilities and hedging arrangements of Ojer Telekomünikasyon (OTAS) by way of a lender-led transaction whereby the creditors took control of OTAS’ 55% stake in Türk Telekomünikasyon (a partly state-owned asset and one of the biggest telecommunications companies in Turkey). This transaction was the largest restructuring in Turkish history.
  • Advising a committee of creditors to the Steinhoff Group in connection with the restructuring of approximately €5bn of its debt and the associated restructuring of €2.6bn of convertible bonds issued by Steinhoff Finance Holding.
  • Advising ING Bank as agent and security agent in connection with the collapse of the O.W. Bunker Group, a Danish-headquartered marine fuel company, and the recovery of assets secured in connection with a $700m borrowing base facility.
  • Appointed to act for Vieo in relation to a delay in the publication of its financial accounts, and to facilitate discussions with the ad hoc committee of holders of its €350m Norwegian law governed bonds.
  • Acted for a distressed debt fund in connection with the acquisition of the senior loan out of the MESDAG Delta securitisation structure and the subsequent enforcement proceedings against the underlying borrower (including, the portfolio of 37 commercial real estate properties in the Netherlands).
Leading individuals

Ian Field - Allen & Overy LLP

Jennifer Marshall - Allen & Overy LLP

Randal Weeks - Allen & Overy LLP

Next Generation Partners

Joel Ferguson - Allen & Overy LLP

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Debt capital markets
Debt capital markets - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP is 'the best of the best', according to one client, who also praises the quality of its associate team. The firm is consistently a leader in international debt issuance by volume and has one of the most active practices for the establishment of MTN programmes and subsequent issuance. It advises issuers and managers on some of the largest and most complex deals in the market, and is also seen as one of the most skilled practices for regulatory capital matters. Jonathan Melton is the practice head; he handles EMTN programmes, straight debt and equity-linked issues, statutory covered bonds, loan participation notes, emerging markets issuance and liability management. The stellar partner group also includes Matthew Hartley, who frequently acts for sovereigns, supranationals, corporates, banks and mutuals; Theo Trayhurn, who handles regulatory capital issuance by financial institutions and high-profile blue chip corporate bond issues; the 'very good, very technical' Tom Grant; the 'hardworking and collaborative' Jamie Durham; US-qualified Sachin Davé, who deals with issuance for foreign governments, issuers and investment banks; and newly promoted partner Peter Crossan.

Practice head(s):Jonathan Melton

Other key lawyers:Matthew Hartley; Theo Trayhurn; Tom Grant; Jamie Durham; Sachin Davé; Peter Crossan

Key Clients

Vodafone

Goldman Sachs

Bank of America Merrill Lynch

Nordea

Credit Suisse

Lloyds Banking Group

UBS

Leading individuals

Jamie Durham - Allen & Overy LLP

Jonathan Melton - Allen & Overy LLP

Matthew Hartley - Allen & Overy LLP

Theo Trayhurn - Allen & Overy LLP

Tom Grant - Allen & Overy LLP

Next Generation Partners

Peter Crossan - Allen & Overy LLP

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Derivatives (including commodities)
Derivatives (including commodities) - ranked: tier 1

Allen & Overy LLP

The derivatives and structured finance practice at Allen & Overy LLP is active in transactional matters in every asset class, including commodities, and has the deepest bench of talent of any firm in the City. Widely regarded as a thought leader in the derivatives market, the firm has continued to innovate with the launch of Margin Xchange - a system that consolidates and codifies the firm's extensive expertise in initial margin negotiations within industry leading technology to create a market utility to enable all institutions to implement their initial margin requirements. The firm's work includes complex financing structures for illiquid assets, portfolio transfers, advice on the changing regulatory framework, and more traditional derivatives and structured finance transactions. Among the many standout partners in Tony Drake-Brockman's team are Parya Badie in the structured equity group who is a market leader and expert in hedging documentation and intercreditor issues; Guy Antrobus who has been heavily involved in ISDA’s work on Initial Margin Credit Support documentation; head of global international capital markets David Benton; regulatory specialist Paul Cluley; leading adviser to ISDA Emma Dwyer; David Wainer and David Wakeling , who led the development of MarginMatrix. Up-and-coming partner Tom Roberts is a founding partner of the firm's Market Innovations Group.

Practice head(s):Tony Drake-Brockman

Other key lawyers:Parya Badie; Guy Antrobus; David Benton; Paul Cluley; Emma Dwyer; Franz Ranero; Daniel Shurman; Andrew Sulston; Richard Tredgett; David Wainer; David Wakeling; Tom Roberts

Testimonials

"Tony Drake-Brockman is the standout partner for his combination of in-depth knowledge of derivative payoffs and structures, and a deep understanding of securities issuance programmes."

"Parya Badie is excellent for close-outs and general derivatives advice."

"David Benton is the market expert on credit derivatives."

Key Clients

Goldman Sachs

Société Générale

VTB

Macquarie Group Limited

BNP Paribas

International Swaps and Derivatives Association

Nomura

Bank of America Merrill Lynch

Work highlights

  • Co-ordinating all workstreams in relation to the Initial Margin repapering effort of a major global dealer in response to the Uncleared Margin Working Group on Margining Requirements rules.
  • Advise major financial institutions, buy-side participants, market infrastructure providers (clearinghouses, trade repositories and trade associations) on all aspects of European Market Infrastructure Regulation and its interpretation, including counterparty and transaction scope issues, availability of exemptions or transitionals, intragroup exemption applications, equivalence determinations and market practice.
  • Advised Bank of America Merrill Lynch  (BAML) and Morgan Stanley (MS) in connection with the finance and structuring of the acquisition by Chinese carmaker Geely of a 9.69% stake in Daimler AG, which was structured by way of equity total return swap transactions provided by both banks and a funded equity collar transaction, with complex acquisition and hedging arrangements between BAML and MS.
  • Acted for Société Générale on the purchase of Commerzbank’s Equity, Markets and Commodities business, most significantly, the equity derivatives trading, market-making and structured product business in Germany.
  • Advised MLI as hedge execution bank in relation to the syndicated hedging programme entered into in connection with the acquisition of Aluminium Dunkerque by Liberty House Group.
Leading individuals

David Benton - Allen & Overy LLP

David Wakeling - Allen & Overy LLP

Emma Dwyer - Allen & Overy LLP

Parya Badie - Allen & Overy LLP

Richard Tredgett - Allen & Overy LLP

Tony Drake-Brockman - Allen & Overy LLP

Next Generation Partners

Tom Roberts - Allen & Overy LLP

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Emerging markets
Emerging markets - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP's debt finance practice is heavily involved in large and innovative transactions in emerging markets. Its work involves financings in Africa, Central and Eastern Europe, the CIS, Ukraine, Southeastern Europe, Turkey and the Middle East, as well as many parts of Asia and Latin America. In 2018, the firm continued to build on its strong track record of 'first-of-kind’ emerging markets deals involving structured finance, projects and debt capital markets. It acts for export credit agencies, development finance institutions and multi-lateral agencies, as well as issuers and managers of bonds, including equity-linked transactions. The firm has many standout practitioners with significant emerging markets experience, and among these are lead ECA partner Lorraine Bayliss; India group chair Sanjeev Dhuna; debt and commodity finance specialist Greg Brown; Africa group head Tim Scales; US securities partner Sachin Davé; head of the European Islamic finance practice Atif Hanif; project finance expert Andrew Castle; up-and-coming trade, commodities and export finance counsel Catherine Lang-Anderson; and rising star senior associate Oleg Khomenko.

Other key lawyers:Lorraine Bayliss; Sanjeev Dhuna; Greg Brown; Sachin Dave; Oleg Khomenko; Jaspal Gillar; Philip Bowden; Jamie Durham; Andrew Castle; Atif Hanif; Catherine Lang-Anderson

Testimonials

"The firm is very well coordinated across multiple disciplines. It is fast to respond, quick to understand the key issues, and provides a high level of partner engagement."

"Andrew Castle is highly competent and understands the wider context required by client; he is highly creative and never flustered."

"Oleg Khomenko is an excellent legal expert who provides the most reliable support throughout the whole process. He is commercially-minded and delivers fast execution."

"The firm has the ability to think creatively around solving problems. Many firms find problems and no solutions, but A&O identifies the range of solutions, which is extremely beneficial."

"Andrew Castle is creative and very har working. He is one of the best project finance lawyers in the City - possibly the best."

"Allen&Overy distinguishes itself from other firms for high-quality drafting, exquisite understanding of underlying commercial principles."

"Oleg Khomenko is one of the best lawyers in terms of understanding commercial background and requirements, as well as in terms of putting it on paper and negotiating with opposing side."

"It is the best in the market in terms of being client-oriented and showing attention to detail."

"Oleg Khomenko is the best in the market."

Key Clients

Warburg Pincus

Stanbic

Trans Adriatic Pipeline AG (TAP)

Work highlights

  • Advised a leading investment bank on debt financing to support Apax’s acquisition of Healthium Medtech, an India-based company producing healthcare consumables.
  • Advised a major international bank on a significant divestment of its core business.
  • Advised the arrangers and lenders on the financing of a take-private acquisition of Vedanta Resources plc.
  • Advised Warburg Pincus on the acquisition financing arrangements for a joint-controlling stake in one of India’s leading digital and administrative services providers Computer Age Management Systems Limited.
  • Advised Stanbic on two separate loan financings for Actis in relation to two shopping malls in Nigeria Heritage Place (Lagos) and Jabi Lake (Abuja).
Leading individuals

Andrew Castle - Allen & Overy LLP

Greg Brown - Allen & Overy LLP

Lorraine Bayliss - Allen & Overy LLP

Sachin Dave - Allen & Overy LLP

Sanjeev Dhuna - Allen & Overy LLP

Next Generation Partners

Catherine Lang-Anderson - Allen & Overy LLP

Rising stars

Oleg Khomenko - Allen & Overy LLP

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High yield
High yield - ranked: tier 2

Allen & Overy LLP

Of the Magic Circle firms,¬†Allen & Overy LLP¬†has made the biggest inroads into the high yield market and clients remark that is has 'a very well organised team with exceptional market insight that is capable of delivering creative yet executable solutions'. Practice head Kevin Muzilla¬†leads a five-partner team, making it one of the deepest benches in London,¬† and it works closely with the firm's market-leading practices in banking, leveraged finance and debt capital markets, corporate and restructuring. Its client base encompasses¬†underwriters, sponsors and issuers including Metinvest and¬†Iceland Foods. Jeanette Cruz¬†handled new issuance for Metinvest.¬†Matthias Baudisch¬†and John Kicken¬†handled a¬†‚ā¨3.5bn bank/bond merger financing; Jake Keaveny¬†focuses on work for underwriters.

Practice head(s):Kevin Muzilla

Other key lawyers:Jeanette Cruz; Matthias Baudisch; Jake Keaveny; John Kicken

Testimonials

'Very well organized team with exceptional market insight - capable of delivering creative yet executable solutions.'

Key Clients

Intralot

PAI Partners

Metinvest

KCA Deutag

Perstorp Holding AB

Arqiva

IHO Holding

Iceland Foods

Schaeffler

Balta

Triton

Davidson Kempner Capital Management

Work highlights

  • Advised the underwriters on the offering by Flora Food Group, the spreads business sold by Unilever, of $525 m and €685m senior notes due 2026 in support of the acquisition by KKR.
  • Advised KCA Deutag on its offering of $400m 9.625% Senior Secured Notes due 2023 and high yield bond consent solicitation in connection with KCA Deutag’s acquisition of Dalma Energy LLC.  
  • Advised the underwriters on the offering by Techem of €465m 6% senior notes due 2026 in relation to the €3.1bn bank/bond financing of the Partners Group’s acquisition of Techem.
  • Advised Metinvest, the Ukraine’s largest mining and steel company, on its over $2.3bn financing, comprising the issuance of $1,592,176,000 high yield bonds and amended and restated $765,000,000 pre-export financing bank debt.
  • Advised a global financial institution and other initial purchasers on the £150m debut high yield bond issuance of Enterprise Inns in connection with the company’s successful tender offer for its outstanding convertible bonds.
Leading individuals

Jake Keaveny - Allen & Overy LLP

Jeanette Cruz - Allen & Overy LLP

Kevin Muzilla - Allen & Overy LLP

Next Generation Partners

John Kicken - Allen & Overy LLP

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Islamic finance
Islamic finance - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP fields a full-service Islamic finance offering from its London office, which is complemented by a strong network of offices throughout the Islamic world, including an association firm in Saudi Arabia. Functioning as a part of the firm's wider banking and capital markets practices, the Islamic finance team is regularly involved in cross-border project finance, commercial lending and structured finance mandates. Of recent note, the team has been especially active in the Saudi market, acting for clients such as the Saudi Electric Company and the Kingdom of Saudi Arabia. The European Islamic finance group is headed by Atif Hanif, who has expertise in bank finance and capital markets deals, and is widely recognised as a leader in the Islamic finance world.

Practice head(s):Atif Hanif

Other key lawyers:Jamie Durham; Sajjad Juma; Sajjad Khoshroo

Testimonials

'Adept at formulating effective problem-solving options.'

'Sajjad Khoshroo is incredibly commercial and knows how to get a deal done; he can break down complex structures with great insight.'

'A top-notch team, there isn't anything they can't handle.'

'The team has quality people throughout the world, enabling it to tackle problems that span multiple jurisdictions.'

Key Clients

Saudi Electricity Company

First Abu Dhabi Bank

Credit Agricole

Saudi British Bank

Banque Saudi Fransi

Samba Financial Group

Arab National Bank

Gatehouse Bank

Standard Chartered Bank

Work highlights

  • Represented Saudi Electricity Company in a landmark SAR15.2bn syndicated murabaha facility.
  • Represented Credit Suisse in a common terms agreement that envisages multi-source conventional and Islamic facilities to be provided to a leading healthcare group in the United Arab Emirates.
  • Advised Saudi Electricity Company on its $2bn sukuk issuance.
  • Acted for two leading global investment banks in two commodity murabaha facilities, which were backed by the Finnish and Swedish export credit agencies.
  • Advised the ECAs (CESCE, K-Exim, K-Sure, SACE, UKEF) and banks (both conventional and Islamic) on the $4.2bn financing of the expansion and modernisation of the Bapco refinery to a 380,000 barrel per day facility. $530m was made available on an Islamic basis.
Leading individuals

Atif Hanif - Allen & Overy LLP

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Structured products and securitisation
Structured products and securitisation - ranked: tier 1

Allen & Overy LLP

'This team is special because of its high-quality legal advice and technical drafting', remarks a client of Allen & Overy LLP. The firm has a leading role in the structured finance market, providing bespoke legal advice and innovative technology to enable clients to develop new products and manage risk. It handles complex financing structures for illiquid assets and portfolio transfers, as well as traditional derivatives and structured finance transaction transfers, and is at the cutting edge of regulatory advice. The firm acted on more than one third of all public CLO transactions in Europe in 2018 as arranger or manager counsel. Tony Drake-Brockman leads the derivatives and structured finance practice, which handles structured products, while Salim Nathoo leads the securitisation group. Their practice has some of the leading advisers in the market. Franz Ranero is a leading light in the CLO market. Angela Clist handles securitisation of all asset classes but is a market leader in covered bonds. Tim Conduit is highly experienced in utility, transport, project bonds, asset financing, trade finance and structured commodity financings backed by infrastructure and project loans. Lucy Oddy advises financial institutions, funds, private equity firms and corporates on a broad range of asset-backed finance transactions. Sally Onions has a strong track record in RMBS and covered bond transactions in the UK. Counsel Daniel Hill is also recommended.

Practice head(s):Tony Drake-Brockman; Salim Nathoo

Other key lawyers:Parya Badie; Paul Cluley; Franz Ranero; Daniel Shurman; Andrew Sulston; Richard Tredgett; David Wainer; Angela Clist; Tim Conduit; Daniel Hill; Lucy Oddy; Sally Onions; Tom Constance; Suril Patel; Dan Birch; Alex Moezi; Iona Misheva

Testimonials

"The team has a wealth of experience in the offshore wind industry, and applied this very well on the financing process for the Hornsea 1 offshore wind farm divestment, successfully co-ordinating and managing a very large number of different lending entities throughout a process which lasted over a year./

'Lead partners are able to take a commercial view and focus attention and time on key items."

"Tim Conduit worked very well to manage and co-ordinate a very large number of different counterparties and bring a very complex transaction to a successful conclusion."

"The associates are incredibly hardworking and diligent but also show good commercial awareness and an ability to focus on the key aspects of a deal requiring resolution."

"They effectively project manage the annual updating of our complex suite of issuance programmes for us, identifying what we need to concentrate on as issuer and ensuring tight timetables are met."

"The firm's extensive global coverage means it is often able to bring in local specialists to discuss a point at short notice, which is very helpful to us."

"Tony Drake-Brockman is the standout partner as his combination of in-depth knowledge of derivative payoffs and structures and a deep understanding of securities issuance programmes, makes him ideal to manage our structured products programmes."

"The firm has a very strong team for derivatives and structured products, including close-outs advice, loan/securitisation hedging and credit derivatives."

"Parya Badie is excellent for close-outs and general derivatives advice."

Key Clients

Nomura

Goldman Sachs

Santander

BNP Paribas

Royal Bank of Canada

Heathrow

International Swaps and Derivatives Association, Inc. (ISDA)

Work highlights

  • Acted as either arranger or manager counsel on more than a third of all public CLO transactions in Europe according to Creditflux data released in 2019; this amounts to 37 transactions as arranger or manager counsel, covering approximately €15bn of issuance.
  • At the forefront of the structured financing market that has developed for direct lending platforms, having advised on approximately €10bn of financing transactions to date; this includes advising market leader Credit Suisse on its transactions.
  • Advised Bank of America Merrill Lynch and Morgan Stanley in connection with the finance and structuring of the acquisition by Chinese carmaker Geely of a 9.69% stake in Daimler AG.
  • Advised Davidson Kempner on the acquisition of a £150m portfolio of residential mortgages originated by the Mortgages plc group.
  • Advised investors on the Holdco senior and the structurally subordinated mezzanine private placement financing on the £7bn project and build-out for the 50% acquisition of the Hornsea One offshore wind farm by Global Infrastructure Partners from Danish power company Ørsted A/S.
Leading individuals

Angela Clist - Allen & Overy LLP

Franz Ranero - Allen & Overy LLP

Lucy Oddy - Allen & Overy LLP

Sally Onions - Allen & Overy LLP

Salim Nathoo - Allen & Overy LLP

Tim Conduit - Allen & Overy LLP

Tony Drake-Brockman - Allen & Overy LLP

Next Generation Partners

Daniel Hill - Allen & Overy LLP

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Trade finance
Trade finance - ranked: tier 1

Allen & Overy LLP

The trade, commodities and export finance practice at Allen & Overy LLP builds on the firm's market-leading structured finance expertise, and one client notes that it has 'excellent knowledge of derivatives'. The firm is called upon to handle complex and innovative financing structures, including those that use traditional trade finance techniques in novel ways such as blending them with other forms of banking product. In 2018, the practice also handled a number of restructurings and litigations in the trade and commodity finance space, and it is regarded as one of the leading advisers on distressed structures and regulatory matters. Greg Brown, who recently advised on financings in Russia, Africa, India, Turkey and the Middle East, and Catherine Lang-Anderson, who frequently advises leading banks, are among the firm's standout practitioners. Derivatives and structured finance specialist Richard Tredgett and head of the firm's ECA practice Lorraine Bayliss are also recommended.

Practice head(s):Greg Brown; Richard Tredgett; Daniel Shurman; Catherine Lang-Anderson; Daniel Birch

Other key lawyers:Lorraine Bayliss; Sanjeev Dhuna; David Campbell;

Key Clients

Metinvest

VTB Bank

Macquarie Group Limited

Work highlights

  • Allen & Overy has advised a syndicate of banks on the financing aspects for the acquisition of Aluminium Dunkerque, Europe’s largest aluminium smelter, by Liberty House Group for around USD500 million from Rio Tinto; the financing package simultaneously puts in place an on-going syndicated commodity price hedging programme for the smelter.
  • Acting for the lenders under the new borrowing base facility for Stemcor that will refinance part of its existing facilities.
  • Advised an international bank on a $550m facility agreement for Mercuria Energy Trading S.A.
  • Advised An international bank on various bilateral pre-payment facilities for a major trader including in respect of copper and cobalt.
  • Advised a major international bank as arranger of three syndicated loan facility agreements for ED&F Man Group.
Leading individuals

Greg Brown - Allen & Overy LLP

Next Generation Partners

Catherine Lang-Anderson - Allen & Overy LLP

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Transport finance & leasing
Transport finance & leasing - ranked: tier 1

Allen & Overy LLP

'One of the go-to-firms in the market for handling big-ticket asset finance mandates', Allen & Overy LLP's five-partner team has expertise across the gamut of transportation assets. The practice is, however, best known for its expertise within the aviation space, where it is well placed to handle the most sophisticated mandates in the market by virtue of its ability to leverage its strong capital markets and structured finance expertise, as well as a wide-ranging international network. Global head of aviation finance, the 'very bright' Paul Nelson is regularly involved in innovative and complex deals, including his recent work for UKEF and ING Bank on the Japanese Operating Lease with Call Option (JOLCO) financing of a Boeing 737 aircraft for Avianca; notably, this was the first UK Export Finance-backed JOLCO financing for a Latin American carrier. Harry Upcott has strong ties with many operating lessors and has recently been very active advising on several big-ticket portfolio transactions. Outside of the aviation sector, Kevin Young has a strong pedigree within the shipping sector and has recently advised numerous different funds on the acquisition of shipping portfolio loans. The 'responsive and knowledgeable' Mario Jacovides heads up the overarching global structured and asset finance group, which also includes Jonathan Bevan, who has 'vast rail experience'.

Practice head(s):Mario Jacovides

Other key lawyers:Paul Nelson; Harry Upcott; Kevin Young; Jonathan Bevan; Linda Roxburgh; Chris Mitchell

Testimonials

'The team has the ability to think laterally and with a commercial perspective, offering alternative solutions to issues'.

'Harry Upcott is one of the best out there in terms of knowledge, commercial mindedness and client engagement'.

Key Clients

Falko

Avolon

Dubai Aerospace Enterprise (DAE)

The AFIC Insurance Group

IAG Group Airlines (BA, Iberia, Vueling)

Etihad

Oak Hill Advisors

Värde Partners

Excelerate Energy

Vroon Group

Natixis

Investec

ING Bank

BNP Paribas

Citi

SMBC

SACE

Unicredit

Work highlights

  • Advised Falko on the acquisition and financing of a portfolio of 49 aircraft from Avolon, and which are on lease to nine airlines worldwide.
  • Advised the lenders on a $700m facility relating to the financing or refinancing of a portfolio of up to 19 aircraft for CDB Aviation Funding 2018 Limited, a wholly owned subsidiary of CDB Aviation Lease Finance Designated Activity Company.
  • Advised the AFIC Insurance Group on the French tax lease financing of a Boeing787-9 and Boeing 737-8 aircraft to Royal Air Maroc.
  • Advised Citibank as senior lender and arranger in respect of a securitisation of a pool of shipping loans originated by Amsterdam Trade Bank.
  • Advised Investec Bank on the JOLCO financing of one new Boeing 787-9 aircraft for El Al Israel Airlines. This was the first JOLCO financing in Israel and for El Al Israel Airlines.
Leading individuals

Mario Jacovides - Allen & Overy LLP

Paul Nelson - Allen & Overy LLP

Next Generation Partners

Harry Upcott - Allen & Overy LLP

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London: Human resources

Employee share schemes
Employee share schemes - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP is at the forefront of the advice to financial institutions on their most complex and sensitive remuneration issues, including senior executive incentive arrangements. It is also a first port of call for many publicly listed and privately owned UK and international companies. Paul McCarthy's expertise in employee equity incentives includes their design, the tax and cost implications, shareholder communication, corporate governance and best practice. In addition to providing standalone advice, he advises on share plan issues arising from IPOs and M&A. The practice particularly stands out in the context of global share schemes; its ability to work with members of the tax, securities, employment, corporate and regulatory practices enables it to provide a first-rate service. McCarthy works with senior associate Louise Batty.

Practice head(s):Paul McCarthy

Other key lawyers:Louise Batty

Testimonials

'Paul McCarthy is a very hands-on, sensible and realistic adviser. He has excellent judgement'

Key Clients

21st Century Fox

Aviva

BT

TUI

Prudential

Quilter

Cobham

Worldpay

Hiscox

Virgin Money

Work highlights

  • Advised media giant 21st Century Fox on the incentives aspects of its £27.7bn takeover bid for Sky and the subsequent £11.6bn sale of its 39% stake in Sky to Comcast.
  • Ongoing advice to 21st Century Fox on its proposed $71bn acquisition by Walt Disney.
  • Advised Virgin Money Holdings (UK) Plc on the incentives aspects of the offer by CYBG for the entire issued and to be issued share capital of Virgin Money, creating the UK’s sixth biggest bank.
  • Advising BTG Plc, a global healthcare company, on the incentives aspects of its £3.3bn recommended offer by Bravo Bidco, a newly incorporated entity indirectly wholly owned by Boston Scientific Corporation, a US medical technology company.
  • Advised Kuwait Energy Plc on the incentives aspects of its $650m acquisition by Hong Kong-listed United Energy Group.
Leading individuals

Paul McCarthy - Allen & Overy LLP

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Employment: employers
Employment: employers - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP’s employment department is a leader in market-defining disputes in both the High Court and Employment Tribunals, while also specialising in high-profile strategic advisory work, as well as interdisciplinary regulatory, data privacy and transactional matters. The practice is particularly well known for its expertise in the financial services sector. Other sector specialities include TMT, life sciences, industrials and oil and gas. Recent highlights include advising the Commonwealth Bank of Australia on a Brexit project which requires setting up a new entity in the Netherlands and the closure of the bank’s entity in Malta. Sarah Henchoz heads the practice. Karen Seward, Mark Mansell and Robbie Sinclair (who was made partner in May 2019) are also recommended.

Practice head(s):Sarah Henchoz

Other key lawyers:Karen Seward; Mark Mansell; Robbie Sinclair

Testimonials

'The department has good insights into other banks' market practice'.

'Pragmatic, robust and value-added advice'.

'Very good strength-in-depth knowledge of employment law and its practical application to industry sectors. For our business, they also have strong knowledge of the relevant regulation particular to us and can draw on specialist and multidisciplinary teams with associated knowledge of aligned industry concerns'.

'Mark Mansell is a bit of a heavyweight. He can be trusted to make judgement calls'.

'Mark Mansell is pragmatic and has experience at the forefront of employment law developments. Robbie Sinclair has knowledge of industry regulation and is always available to make the client's concerns his focus'.

Key Clients

Man Group

TP ICAP

Google

GlaxoSmithKline

Commonwealth Bank of Australia

HSBC

NBCUniversal

Tudor

WPP

Santander

Work highlights

  • Advised advertising giant WPP on a range of strategic and board level matters, including the high-profile exit of founder and CEO, Sir Martin Sorrell, after 33 years with the company.
  • Advised the Commonwealth Bank Of Australia on a range of matters/projects throughout the year.
  • Advising Tradeweb, an international fintech company, on a range of matters including a global restructuring of their workforce spanning APAC and European regions including any fallout from Brexit.
  • Acted for Caxton Associates, a global trading and investment firm, in an Employment Tribunal claim brought against it by one of its former employees.
Leading individuals

Karen Seward - Allen & Overy LLP

Sarah Henchoz - Allen & Overy LLP

Next Generation Partners

Robbie Sinclair - Allen & Overy LLP

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Pensions (non-contentious)
Pensions (non-contentious) - ranked: tier 1

Allen & Overy LLP

The 'phenomenal' team at Allen & Overy LLP advises an extensive list of household name trustees and sponsors on all key issues facing the pensions market including defined contribution master trust implementation, restructuring exercises (including ring-fencing mandates in the banking sector), derisking exercises and GDPR compliance. In addition to their advisory work, Neil Bowden, Maria Stimpson and Jane Higgins have recently been involved in some of the industry’s leading disputes in the High Court concerning GMP equalisation and scheme rectifications. Recently made-up partner Andy Cork has particular expertise on insurance buy-in matters.

Practice head(s):Neil Bowden

Other key lawyers:Maria Stimpson; Jane Higgins; Andy Cork

Testimonials

'Top-level, reliable and there when needed'

'Allen & Overy builds great relationships, with expertise in the subject matter and a practical business know-how'

'Andy Cork and Dana Burstow have an empathetic nature, with the ability to engage with clarity and respect'

'Neil Bowden has a deep knowledge of pensions law'

Key Clients

Lloyds Banking Group Pensions Trustees Limited

The Trustee of the BT Pension Scheme

The Trustee of the ICI Pension Fund

The Trustee of the Pfizer Group Pension Scheme

The Trustee of the Thomson Corporation Pension Scheme (Thomson Reuters)

RSA Insurance Group Plc

Prudential Plc

The Trustee of the IHG UK Defined Contribution Pension Plan

Co-operative Group Limited

News UK

Work highlights

  • Advised the trustee of the ICI Pension Fund on the purchase of 15 buy-in insurance policies over a four year period.
  • Advised Pennon Group on the rationalisation of the client's pension schemes into one defined benefit and one defined contribution scheme.
  • Advised the Trustees of the Wyeth Group Pensions and Life Assurance Scheme on the purchase of a £200m buy-in annuity contract with Just Retirement.

Leading individuals

Maria Stimpson - Allen & Overy LLP

Neil Bowden - Allen & Overy LLP

Next Generation Partners

Andy Cork - Allen & Overy LLP

Jane Higgins - Allen & Overy LLP

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Pensions: dispute resolution
Pensions: dispute resolution - ranked: tier 3

Allen & Overy LLP

The 'phenomenal' team at Allen & Overy LLP advises an extensive list of household name trustees and sponsors on all key issues facing the pensions market including defined contribution master trust implementation, restructuring exercises (including ring-fencing mandates in the banking sector), derisking exercises and GDPR compliance. In addition to their advisory work, Neil Bowden, Maria Stimpson and Jane Higgins have recently been involved in some of the industry’s leading disputes in the High Court concerning GMP equalisation and scheme rectifications. Recently made-up partner Andy Cork has particular expertise on insurance buy-in matters.

Practice head(s):Neil Bowden

Testimonials

'Top-level, reliable and there when needed'

'Allen & Overy builds great relationships, with expertise in the subject matter and a practical business know-how'

'Andy Cork and Dana Burstow have an empathetic nature, with the ability to engage with clarity and respect'

'Neil Bowden has a deep knowledge of pensions law'

Key Clients

Lloyds Banking Group Pensions Trustees Limited

The Trustee of the BT Pension Scheme

The Trustee of the ICI Pension Fund

The Trustee of the Pfizer Group Pension Scheme

The Trustee of the Thomson Corporation Pension Scheme (Thomson Reuters)

RSA Insurance Group Plc

Prudential Plc

The Trustee of the IHG UK Defined Contribution Pension Plan

Co-operative Group Limited

News UK

Work highlights

  • Advised Lloyds Banking Group Pensions Trustees Limited on its landmark application to the High Court to determine whether guaranteed minimum pensions (GMPs) need to be equalised.
  • Advised SPS Pension Trustees on a High Court rectification case.

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London: Insurance

Insurance litigation: for policyholders
Insurance litigation: for policyholders - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP advises clients in the construction, energy and pharma sectors on professional indemnity, product liability, property damage and business interruption disputes with insurers. Practice head Joanna Page handles a range of matters including director and officer’s liability, professional indemnity and political risk insurance claims, while Richard Farnhill mainly acts for financial institutions. Richard Smith specialises in insurance coverage arbitration and 'calm, unflappable' senior associate Russell Butland covers property damage and business interruption claims.

Practice head(s):Joanna Page

Other key lawyers:Richard Farnhill; Richard Smith; Russell Butland

Testimonials

'The team is very creative in its thinking, and very easy to work with. Individuals demonstrate rigour and inventiveness in their legal thinking, combined with practical commercial judgement'

'Excellent all round service - superb technical knowledge, excellent client service and very easy to get on with on a human level'

'Excellent client care skills. Very responsive and proactive in their approach in difficult circumstances. Always very commercial and client focused'

'Senior associate Sophie Nettleton has excellent client care skills, is very responsive and provides good summaries and updates. Excellent organisation skills.'

'Senior associate Russell Butland is calm, unflappable and has very good technical knowledge and commercial understanding'

Key Clients

Abu Dhabi National Exhibitions Company

Work highlights

  • Acted for Abu Dhabi National Exhibitions Company in its claim against insurers relating to defects in the design of the Abu Dhabi National Exhibition Centre.
Leading individuals

Joanna Page - Allen & Overy LLP

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Insurance: corporate and regulatory
Insurance: corporate and regulatory - ranked: tier 2

Allen & Overy LLP

Allen & Overy LLP's 'seen-it-all, done-it-all team' insurance team works closely with the firm's corporate department, advising on premium domestic and European M&A deals. The practice's work also includes pensions buy-ins, de-risking and Solvency II implementation cases, whilst a bespoke team provides AGM and annual reporting support for insurer clients. Practice head Philip Jarvis and Kate McInerney make for an 'outstanding' team; McInerney, who was promoted to partner in 2019, played a key role for the Co-op on the sale of its insurance underwriting business, CIS General Insurance Limited, to Markerstudy.

Practice head(s):Philip Jarvis

Other key lawyers:Kate McInerney

Testimonials

'The Allen & Overy insurance team is a seen-it-all, done-it-all team with strength in depth experience in all aspects of pensions insurance from collateralised buy-ins to umbrella arrangements to longevity swaps to complex Part VII transfers.'

'Philip Jarvis and Kate McInerney are an outstanding team. Technical expertise coupled with commercial, collaborative nouse.'

Key Clients

Prudential

Aviva

Rothesay Life

Quilter

Hiscox

AEGON

VIVAT

The Trustees of the Airways Pension Scheme

MS&AD Insurance Group Holdings

Catalina

Athora

Direct Line

Work highlights

  • Advised Prudential on its sale of £12bn of annuity liabilities to Rothesay Life, covering 400,000 policyholders.
  • Advised the Trustees of the British Airways sponsored Airways Pension Scheme on a £4.4bn pensioner bulk annuity buy-in with Legal & General.
  • Advised VIVAT on its €5.5bn longevity reinsurance with Canada Life.
  • Advised Ontario Teachers Pension Plan, Caisse de Dépôt et Placement du Québec and the management team on the $875m sale of entire issued share capital of Catalina Holdings (Bermuda) Limited (Catalina) to funds managed by Apollo.
  • Advised MS&AD Insurance Group Holdings, a leading Japanese insurance company on two minority investments in UK-based ReAssure Jersey One Limited (ReAssure) from Swiss Re.
Leading individuals

Philip Jarvis - Allen & Overy LLP

Next Generation Partners

Kate McInerney - Allen & Overy LLP

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London: Investment fund formation and management

Private funds
Private funds - ranked: tier 5

Allen & Overy LLP

The asset management team at Allen & Overy LLP has a two-thirds to one-third split between GP representation and LP representation. In one highlight, a group led by Pavel Shevtsov and Nick Williams reviewed over 50 investment management agreements for various pension funds and sovereign wealth funds for investments totalling over £30bn. Private equity fund work has been a key growth area for the team, which also handles real estate and infrastructure mandates. The firm's presence in Luxembourg and other European jurisdictions lends further support to the London practice. Also recommended is Matthew Huggett, who leads the team together with Shevtsov and Williams. Nick Smith joined the London offering from the Dubai team.

Practice head(s):Matthew Huggett; Nick Williams; Pavel Shevtsov

Other key lawyers:Nick Smith

Testimonials

'Knowledgeable, familiar with the market and incredibly responsive'

'Pavel Shevtsov's team responds incredibly quickly'.

.'We have had a very positive experience with the team as a whole. Pavel Shevstov and the rest of the team are knowledgeable and responsive'.

Key Clients

Aviva Investors

Electra Private Equity

Macquarie

Sightway

Corestate

Work highlights

  • Advised Aviva Group in connection with the investment by it and other Aviva entities in the US$10.6bn Hillhouse Fund IV, Asia’s largest private equity fund, including advice in relation to the terms of the investment and certain regulatory issues.
  • Advising a UK pension entity on its proposed investment into a fund  with a leading global alternative asset manager.
  • Advising a large and diverse group of institutional investors, including many large pension funds and major sovereign wealth funds around the world, on their investments in a wide variety of pooled investment vehicles including dozens of limited partnership funds.

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Real estate funds
Real estate funds - ranked: tier 2

Allen & Overy LLP

Mandates involving real assets are a key area of specialism for the broader asset management department at Allen & Overy LLP, which is strengthened by expertise from the firm's real estate M&A, real estate finance and tax practices. A sizeable Luxembourg office is another source of support. The group is marked out by integrated expertise on the Alternative Investment Fund Managers (AIFM) directive and US regulation, in addition to Financial Conduct Authority (FCA) rules. The practice often advises major pensions funds, sovereign wealth funds and financial institutions on investments, co-investments and fund-of-one arrangements. Joint heads of team Matthew Huggett, Nick Williams and Pavel Shevtsov are all recommended. Huggett is noted for his national and international regulatory knowledge. Senior associate Dominic Von Wulffen often advises institutional investors, including sovereign wealth funds.

Practice head(s):Matthew Huggett; Nick Williams; Pavel Shevtsov

Other key lawyers:Dominic von Wulffen

Key Clients

Nuveen Real Estate

M&G

Hines

Aviva Investors

Tishman Speyer

Goodman

Cain International

Meyer Bergman

Local Government Pension Scheme

Work highlights

  • After advising Nuveen Real Estate on the establishment of European Outlet Mall Fund (EOMF), A&O now act as counsel to this open-ended real estate fund on an on-going basis, advising on both up-stream and down-stream matters and providing tax advice and UK, German and Luxembourg regulatory advice.
  • Advising Nuveen Real Estate on the establishment of the Asia Pacific Cities Funds and the European Cities Fund.
  • Advising M&G on the establishment and offering of a closed-ended specialty finance fund, the 'M&G Specialty Finance Fund'.
  • Advising Hines in relation to the Hines European Value Fund and its joint venture in relation to the Cherrywood site in Dublin.
  • Advising Hines in relation to the joint ventures between Hines and Blue Noble.
Rising stars

Dominic von Wulffen - Allen & Overy LLP

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London: Projects, energy and natural resources

Infrastructure (including PFI and PPP)
Infrastructure (including PFI and PPP) - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP is an expert in sophisticated infrastructure transactions. Led by the well-regarded David Lee, the team has a deep bench of lawyers advising  on the full range of infrastructure-related matters, including fundraisings, acquisitions, refinancings, sales and PPP deals, working  on both greenfield and brownfield projects. The firm's client portfolio is similarly broad, with the group regularly acting for players active in airport, road, rail, renewables and tech infrastructure projects. Richard Evans and Sara Pickersgill are well versed in EU-wide infrastructure M&A transactions. Jonathan Bevan and Jocelyn Land know respectively the rail and energy sectors well. The well-regarded Conrad Andersen left for Latham & Watkins in summer 2018.

Practice head(s):David Lee

Other key lawyers:Richard Evans; Sara Pickersgill; Jonathan Bevan; Jocelyn Land; Tim Conduit

Key Clients

John Laing Infrastructure Fund

Department for Transport (DfT) and HM Treasury

OTPP, AimCo and Wren House Infrastructure Management

IFM Investors

3i

Equitix

DWS

Macquarie Capital | Macquarie Infrastructure and Real Assets │ Green Investment Group

Borealis │ OMERS Infrastructure

Work highlights

  • Advised Dalmore Capital and Equitix Investment Limited on the acquisition of the publicly listed John Laing Infrastructure Fund Limited for £1.4bn by a consortium led by funds managed by Dalmore Capital and Equitix Investment Management.
  • Assisted the lenders to Global Infrastructure Partners - CACIB, ING and BNP Paribas - on its acquisition of the renewable energy project developer, Equis Energy.
  • Advising Macquarie on the disposal of its Green Investment Group’s interests in the Westermost Rough and Lincs offshore wind farms to funds managed by Arjun Infrastructure Partners.
  • Advised AMP Capital Investors on its acquisition of a 49% stake in London Luton Airport from Aerofi S.à r.l.
  • Counseled MEIF 5 and WSIP on their acquisition of port terminal group HES International from private equity owners Riverstone and the Carlyle Group.
Leading individuals

David Lee - Allen & Overy LLP

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Mining and minerals
Mining and minerals - ranked: tier 2

Allen & Overy LLP

The global mining group at Allen & Overy LLP works with renowned mining supermajors such as Vale, Rio Tinto, BHP and Anglo American across a wide range of practice areas including M&A, projects, banking and finance, capital markets, antitrust, dispute resolution, environmental and derivatives. In London, the team is led by head of corporate Dominic Morris, who advised EMR Capital alongside Perth-based Geoff Simpson on the acquisition of an 80% interest in the Lubambe Copper Mine in Zambia from Africa Rainbow Minerals and Vale.

Practice head(s):Dominic Morris

Key Clients

Rio Tinto

Vale

Randgold Resources plc

Sirius Minerals plc

NordGold

Anglogold Ashanti

Cameco Corporation

Fortescue Metals Group

Sherritt International Corporation

Resource Capital Funds

Work highlights

  • Advised Aristus on the sale to AIM-listed Highland Gold Mining Limited of three Russian limited liability companies owning one operating gold mine and two significant licence areas in the Russian region of Chukotka.
  • Advised a large European Union headquartered metallurgy, energy and EPC company on the US and EU sanctions risks associated with a number of proposed investments and contracts in Iran.
  • Acted for infrastructure funds MEIF 5 and WSIP on their acquisition of HES International from private equity owners Riverstone and the Carlyle Group.
  • Advised Sirius Minerals on a take-or-pay supply agreement between its wholly owned subsidiary York Potash Ltd, OFD Supply Inc. and Cibrafertil Companhia Brasileira de Fertilizantes for the supply and resale of POLY4 into Brazil and other countries in South America.
  • Advised Guinea Alumina Corporation on the environmental and regulatory law aspects of the EGA/GAC bauxite mining project in Guinea.

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Oil and gas
Oil and gas - ranked: tier 1

Allen & Overy LLP

The energy and natural resources experts at Allen & Overy LLP advise the firm's enviable client roster of national oil companies (NOCs), international oil companies (IOCs), independent oil and gas companies, and funders on the entire life cycle of assets in the sector, from consenting and planning through to construction, financing and operation, and ultimately their refinance or sale. In recent highlights, Gareth Price's team continued to advise on the $6bn Bapco modernisation project in Bahrain, and the Rovuma liquefied natural gas (LNG) project in Mozambique. John Geraghty, who has extensive experience in international transactions, Andrew Castle and Troy Edwards are also key contacts. Ed Moser was recently promoted to partner and Conrad Andersen departed to Latham & Watkins.

Practice head(s):Gareth Price

Other key lawyers:John Geraghty; Jeremy Parr; Mark Levy; Andrew Castle; Troy Edwards; Lorraine Bayliss; Ed Moser

Key Clients

Total

TAP

Trans Adriatic Pipeline AG (TAP), a joint venture between BP, SNAM, SOCAR, Fluxys, Enagás and Axpo

Palestine Energy Transmission Company Ltd

Swala Oil & Gas (Tanzania) plc

The Project Company (TAPI Pipeline Company Limited)

Hitachi

Engie

Work highlights

  • Advising TAP AG, the company implementing the Trans Adriatic Pipeline project, which encompasses the development, construction and financing of a 10 bcm gas pipeline commencing at the border between Turkey and Greece, crossing northern Greece, Albania and the Adriatic Sea, and ending in Italy.
  • Advised the financiers of Swala Oil & Gas (Tanzania) plc's acquisition of up to 40% of the shares in PAE PanAfrican Energy Corporation from Orca Exploration Group, for a cash and share consideration of up to $130m.
  • Advising the project company on all aspects of the Turkmenistan to Pakistan, Afghanistan and India (TAPI) gas pipeline project, including all government, construction, gas transportation and financing matters.
  • Advising Eland Oil and Gas on the amendment of a $35m facility to $75m and on converting it from a term loan to a reserve based facility.
  • Advising the United Nations' Office of the Quartet on the structuring of the Gas for Gaza project.
Leading individuals

John Geraghty - Allen & Overy LLP

Next Generation Partners

Andrew Castle - Allen & Overy LLP

Troy Edwards - Allen & Overy LLP

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Power (including electricity, nuclear and renewables)
Power (including electricity, nuclear and renewables) - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP continues to advise on an impressive mix of deals across the energy spectrum, including large-scale project financing work in the renewables space, such as Hornsea, Dudgeon and the Crystal Rig III onshore wind farms. Team leader Gareth Price focuses on all aspects of the development, acquisition, disposal and funding of energy and infrastructure assets around the world with a particular interest in developments that contribute to solving the 'trilemma' of energy security, affordability and decarbonisation. Other key partners include Troy Edwards and Chris Andrew. Ed Moser was recently promoted to partner; infrastructure specialist Conrad Andersen left to join Latham & Watkins.

Practice head(s):Gareth Price

Other key lawyers:Troy Edwards; Chris Andrew

Key Clients

Hitachi

European Bank of Reconstruction and Development

Green Investment Group

Goldman Sachs Infrastructure Partners

Palestine Energy Transmission Company Limited

Macquarie Capital

Engie

Ørsted

Work highlights

  • Advising Hitachi/Horizon Nuclear Power Ltd on the development of new-build nuclear power plants in the UK.
  • Advised on all aspects of the sale by the Fred. Olsen Renewables group of a 49% equity stake in a portfolio comprising the operational Brockloch Rig and Crystal Rig III onshore wind farms located in Scotland, and the subsequent holdco financing of the group’s retained 51% interest in the portfolio.
  • Advising the Mandated Lead Arrangers and PP Noteholders on the refinancing of the first offshore wind farm that was financed with the benefit of CfD support, using a mixture of floating rate bank debt and fixed rate institutional debt on a common platform.
  • Advised on the refinancing of the 537MW Race Bank offshore wind farm off the north Norfolk coast.
  • Advised Allianz Capital Partners on its 26.2% equity investment in the NeuConnect 1.4GW, 670km HVDC interconnector project and the terms of its agreement with the other shareholders in the project developer NeuConnect Britain.
Leading individuals

Gareth Price - Allen & Overy LLP

Troy Edwards - Allen & Overy LLP

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Water
Water - ranked: tier 1

Allen & Overy LLP

The practice at Allen & Overy LLP oversees both clean and dirty water schemes which entail a range of project structures from build, operate and transfer(BOT) schemes and PFI projects, to concession arrangements and privatisations. Its practitioners have substantial experience across the whole of infrastructure fundraising, both greenfield and brownfield, PPP, acquisitions, refinancing, sales and other aspects. Tim Conduit focuses on work in the bond, bank and institutional debt markets. Ed Moser was recently promoted to the partnership, while Conrad Andersen left to join Latham & Watkins .

Practice head(s):Tim Conduit; Richard Evans; Sara Pickersgill

Other key lawyers:Ed Moser

Key Clients

John Laing Infrastructure Fund

Department for Transport (DfT)

HM Treasury

OTPP, AimCo and Wren House Infrastructure Management

IFM Investors

3i

Equitix

DWS

Macquarie Capital | Macquarie Infrastructure and Real Assets │ Green Investment Group

Borealis │ OMERS Infrastructure

Work highlights

  • Advised the funder (OCM Credit Portfolio LP, by its general partner, OCM Credit Portfolio G.P. Inc) on the refinancing of a £400m holding company bond due to mature in April 2019 via private placement debt purchased by OMERS.
  • Advised the funders on the refinancing of a £400m holding company bond due to mature in April 2019 via private placement debt purchased by a number of institutional investors.
  • Advising BNP Paribas on the Anglian (Osprey) Water update 2018.
  • Advising Morgan Stanley on the private placement financing of Anglian Water.
  • Advised the lenders and the agent on the working capital facility put in place to refinance the holding company revolving credit facility agreement due to mature in April 2019.
Leading individuals

Tim Conduit - Allen & Overy LLP

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London: Public sector

Administrative and public law
Administrative and public law - ranked: tier 3

Allen & Overy LLP

Allen & Overy LLP provides an integrated approach to public law, offering expert advice in judicial review proceedings to a broad range of clients in the private sector. Large-scale transactions where public and administrative law issues arise are another point of strength, and the team has considerable experience in issues relating to broadcasting licensing, media pluralism and data protection. The team often assists financial sector clients with their interactions with the relevant regulators, including regulatory challenges in the High Court. Practice head Andrew Denny and senior associate Maeve Hanna also act on issues pertaining to human rights, including a recent Supreme Court intervention in a case regarding the UK government’s obligations under the Refugee Convention.

Practice head(s):Andrew Denny

Other key lawyers:Maeve Hanna

Testimonials

'Andrew Denny has an instinctive eye and a broad understanding of public law issues. The lawyers he leads are experienced and hardworking and together they make a formidable team'

'The team at Allen & Overy has a broad range of experience and is responsive, hardworking and thorough'

'Great responsiveness and a truly impressive knowledge of public law'

'Sarah Garvey is extremely knowledgeable, client oriented and very pleasant to deal with'

'Antonio Bavasso and his team have first-class expertise, judgement and commitment to client care'

'Antonio Bavasso has excellent judgement in representing clients on sensitive issues of public policy'

Key Clients

21st Century Fox

Bail for Immigration Detainees

The AIRE Centre

Chartered Institute of Management Accountants

Lubrizol

Work highlights

  • Advising a major international hedge fund in judicial review proceedings relating to the deportation of a former employee following the theft of highly valuable, confidential information.
  • Advising 21st Century Fox on the intervention into its £11.7bn takeover of Sky due to public interest concerns.
  • Representing the AIRE Centre as intervenor in the Supreme Court case concerning the UK government's responsibilities under the Refugee Convention.
  • Advising the AIRE Centre on a case involving duty of care and the protection of children.
Leading individuals

Andrew Denny - Allen & Overy LLP

Rising stars

Maeve Hanna - Allen & Overy LLP

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London: Real estate

Commercial property: corporate occupiers
Commercial property: corporate occupiers - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP is routinely engaged for high-end, cross-border work for a prestigious roster of clients. The practice, which is led by global real estate head Imogen Moss, also advises landlords and tenants on the leasing and management of real estate investments, covering rent reviews, insurance and repair obligations. Moss plays an active role in the firm’s thriving headquarters practice and is also an expert on joint ventures and investments which use complex offshore structures. In a recent highlight, the team advised Westbrook Partners on its acquisition of the Sterling Industrial Platform, a portfolio of 28 UK logistic assets spanning over three million sq ft of lettable space. Well-regarded counsel Emma Willoughby represents a range of developers, landlords and tenants from the retail, office and industrial sectors.

Practice head(s):Imogen Moss

Other key lawyers:Emma Willoughby; Christopher Woolf

Testimonials

'The team is outstanding in their knowledge, and have a great ability to give pragmatic advice (not just the legal theory). Very responsive and great at leveraging other specialities within the firm.'

'The individuals truly go the extra mile. They have great commercial sense between protecting the client position and making transactions happen.'

Key Clients

Oxford Properties

Evans Randall

THRE’s European Cities Fund

China Vanke

Orion Capital Managers

Schroders

Westbrook

Work highlights

  • Advised TH Real Estate on the acquisition, via a joint venture, of the Devonshire Square Estate in London, together with the leaseback of 200,000 sq ft of the estate to WeWork as anchor tenant.
  • Advising a high-profile client on a refurbishment and multiple lettings at different premises.  
Leading individuals

Imogen Moss - Allen & Overy LLP

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Commercial property: investment
Commercial property: investment - ranked: tier 2

Allen & Overy LLP

Allen & Overy LLP is routinely engaged for high-end, cross-border work for a prestigious roster of clients. The practice, which is led by global real estate head Imogen Moss, also advises landlords and tenants on the leasing and management of real estate investments, covering rent reviews, insurance and repair obligations. Moss plays an active role in the firm’s thriving headquarters practice and is also an expert on joint ventures and investments which use complex offshore structures. In a recent highlight, the team advised Westbrook Partners on its acquisition of the Sterling Industrial Platform, a portfolio of 28 UK logistic assets spanning over three million sq ft of lettable space. Well-regarded counsel Emma Willoughby represents a range of developers, landlords and tenants from the retail, office and industrial sectors.

Practice head(s):Imogen Moss

Other key lawyers:Christopher Woolf

Key Clients

Oxford Properties

Evans Randall

THRE’s European

Cities Fund

China Vanke

Orion Capital Managers

Schroders

Westbrook

Work highlights

  • Advised TH Real Estate on the acquisition, in a joint venture with PFA, of the Devonshire Square Estate in London, together with the leaseback by of 200,000 sq ft of the estate to WeWork as anchor tenant.
  • Advising longstanding client Westbrook Partners on the acquisition of the Sterling Industrial Platform, a portfolio of 28 UK logistics assets comprising more than three million sq ft of lettable space.
  • Advised Westbrook Partners on the acquisition of the Martinbridge Industrial Estate in Enfield.
  • Advised Oxford Properties and another client on their significant investment in a new European logistics development fund.
Leading individuals

Imogen Moss - Allen & Overy LLP

Next Generation Partners

Emma Willoughby - Allen & Overy LLP

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Commercial property: retail
Commercial property: retail - ranked: tier 4

Allen & Overy LLP

Allen & Overy LLP is routinely engaged for high-end, cross-border work for a prestigious roster of clients. The practice, which is led by global real estate head Imogen Moss, also advises landlords and tenants on the leasing and management of real estate investments, covering rent reviews, insurance and repair obligations. Moss plays an active role in the firm’s thriving headquarters practice and is also an expert on joint ventures and investments which use complex offshore structures. In a recent highlight, the team advised Westbrook Partners on its acquisition of the Sterling Industrial Platform, a portfolio of 28 UK logistic assets spanning over three million sq ft of lettable space. Well-regarded counsel Emma Willoughby represents a range of developers, landlords and tenants from the retail, office and industrial sectors.

Practice head(s):Imogen Moss

Key Clients

Oxford Properties

Evans Randall

THRE’s European

Cities Fund

China Vanke

Orion Capital Managers

Schroders

Westbrook

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Contruction: non-contentious
Contruction: non-contentious - ranked: tier 3

Allen & Overy LLP

Allen & Overy LLP's non-contentious practice advises on a range of matters relating to commercial offices, bank headquarters, shopping centres and energy and infrastructure projects. The firm specialises in PFI/PPP and finance related work, acting for investment banks, hedge funds and sovereign wealth funds.

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Environment
Environment - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP provides regulatory advice on environmental liabilities and assists with environmental approvals for the import of chemical substances. The firm also advises on climate change risk assessment and the implementation of internal compliance programmes, as well as on environmental sustainability reporting. The firm regularly liaises with clients from the fossil energy, nuclear power, manufacturing, mining and renewable energy sectors. Practice head Matthew Townsend's areas of expertise include chemicals regulation, product recovery and recycling, and M&A transactions and projects in the energy and power sectors.

Practice head(s):Matthew Townsend

Testimonials

The practice is very knowledgeable in environmental law

Matthew Townsend has good technical knowledge and provides focused, practical advice

Matt Townsend is exceptionally commercial. He is an expert in environmental law and a skilled negotiator

Key Clients

Petroineos

Allnex

Hydromine

Horizon Nuclear

HP

Misonix

Millicom

Trans Adriatic Pipeline

PetroChina

W. L. Gore

Lubrizol

A10 Networks

Laboratories Fill-Med

Work highlights

  • Providing ongoing regulatory advice to Horizon Nuclear, including on permitting issues connected to the development of the Horizon new-build nuclear power plant in the UK.
  • Assisting Allnex in connection with various environmental issues connected to its disposal of the Silvertown industrial site in London.
  • Providing advice to Rio Tinto in regards to the impact of Brexit on its product registrations under the EU's REACH chemical regulations.
  • Advising Hydomine Inc on the 1,800 MW Grand Eweng hydroelectric project in Cameroon, the fourth largest dam in Africa on the Sanaga river.
  • Advising Lubrizol on various issues associated with the EU’s Biocides Regulation and REACH related to cross-jurisdictional admissions of chemical products.
Leading individuals

Matthew Townsend - Allen & Overy LLP

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Property finance
Property finance - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP¬†is known for its strong lender-side client base, which includes insurance companies, debt funds and US mortgage REITs, as well as traditional bank lenders. The firm is also active on the sponsor side, regularly advising real estate private equity funds. In addition to its specialism in commercial mortgage-backed securities (CMBS) issuances, the team also handles acquisition and development finance; senior and mezzanine loans; and loan portfolio transactions. The firm is also noted for the strength of its pan-European work. Paul Flanagan, Arthur Dyson, Simon Roberts¬†and Mark Manson-Bahr¬†lead the team, while the ‚Äėstandout‚Äė David Oppenheimer¬†is¬†also a key contact.

Practice head(s):Paul Flanagan; Arthur Dyson; Simon Roberts; Mark Manson-Bahr

Other key lawyers:David Oppenheimer; Ian Powell; Atif Hanif; Lucy Oddy

Testimonials

Allen & Overy has a very strong team that understands their client’s business and needs.  They provide very good advice in a timely and commercial manner.

They always make themselves available for us and meet or exceed all deadlines. I would particularly flag Mark Manson-Bahr as being outstanding.  He is one of our “go-to” lawyers for complex issues.

Allen & Overy is consistently one of the best real estate finance law firms across Europe. Very experienced partners, strong associates and a committed pool of young talents set the firm apart from its competitors.

The quality of service delivered by Allen & Overy is above its competitors. This is due to the strong quality of its partners and associates.

It is a very solid, client-focused team.

Arthur Dyson is a solid trusted adviser who has been there and done that. He can be trusted to advise you on what the key issues are, and is sensible and constructive – he does not look to point-score with the other side.

Allen & Overy stands out for its depth of practice – it is hands-down the best in the market. They have seen every structure in the book, they know what happens in a downturn and as a result give the best advice. They deliver complex deals with ease and an efficiency that other firms can’t match.

Mark Manson-Bahr is exceptional – he is very straightforward, balanced and pragmatic. He runs a tight ship and is always fully engaged and available. He quotes the real price of a deal and then stays involved to get it done on time and on budget. He sweats the detail as well as seeing the bigger picture and so gives commercial advice rather than just legal advice. He’s the real deal.

Leading individuals

Arthur Dyson - Allen & Overy LLP

Mark Manson-Bahr - Allen & Overy LLP

Paul Flanagan - Allen & Overy LLP

Simon Roberts - Allen & Overy LLP

Next Generation Partners

David Oppenheimer - Allen & Overy LLP

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Property litigation
Property litigation - ranked: tier 4

Allen & Overy LLP

Working in close conjunction with its real estate and finance teams and rated for its 'pragmatic advice', Allen & Overy LLP's client roster includes corporates, banks and other financial institutions alongside property investment funds and private equity houses. Typical work includes dilapidation claims, disputes arising from head office moves and rent reviews as well as contentious investment and development issues. Imogen Moss heads the 'very commercial' team, which includes 'calm and very organised' consultant and main contact for Telecoms Code advice and rent reviews Jane Fox-Edwards.

Practice head(s):Imogen Moss

Other key lawyers:Jane Fox-Edwards

Testimonials

'Technically capable and able to think strategically to find solutions.'

Key Clients

Uniper UK

Imperial College Healthcare NHS Trust

Schroder UK Property Fund

West End of London Property UnitTrust (WELPUT)

Orion Capital Managers

Work highlights

  • Advising Uniper UK on a  potential dispute over property rights pertaining to the decommissioned Kingsnorth Power Station at the mouth of the River Medway.
  • Assisted the Financial Conduct Authority (FCA) with service provision issues and dilapidations following its move from Canary Wharf to the International Quarter at Stratford.
  • Advising property-owning clients on their agreements with managing agents and associated disputes.
Leading individuals

Jane Fox-Edwards - Allen & Overy LLP

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Social housing: finance
Social housing: finance - ranked: tier 2

Allen & Overy LLP

Allen & Overy LLP's enviable market presence is evidenced by the fact that it has appeared in the overwhelming majority of listed bond issues connected with the UK social housing sector since 2008. Its broader practice also encompasses structured finance, real estate finance, securitisation and corporate trustee mandates. Consultant Geoff Fuller heads the team, which also includes Greg Brown and senior associate Amanda Lemesle Adams.

Practice head(s):Geoff Fuller

Key Clients

London & Quadrant

Lloyds Bank plc

Clarion Housing Group

Prudential Trustee Company Ltd

Places for People Group

Royal Bank of Canada

HSBC Bank plc

Banco Santander SA

Royal Bank of Scotland

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London: Risk advisory

Brexit
Brexit - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP’s cross-border and cross-departmental Brexit client advisory team advises on the development and implementation of Brexit strategies including corporate reorganisations and expansive contingency plans. The group is noted for its financial services sector expertise and regularly assists with issues arising from the impact of Brexit on operating models and licence applications. Recent highlights include advising Nomura on the Brexit contingency plan for its wholesale global markets and investment banking business, including providing regulatory advice on alternative financial centres in the European Economic Area (EEA), building out its French credit institution, and establishing and licensing a new investment firm entity in Germany. It also assisted the Commonwealth Bank of Australia with its contingency planning and post-Brexit structuring and operations in Europe. Capital markers expert Daniel Shurman leads the team, which also fields regulatory specialists Damian Carolan and Kate Sumpter, insurance partner Philip Jarvis, corporate expert Matthew Townsend and Bob Penn, who rejoined the firm from Cleary Gottlieb Steen & Hamilton.

Practice head(s):Daniel Shurman

Other key lawyers:Damian Carolan; Kate Sumpter; Philip Jarvis; Matthew Townsend; Bob Penn

Key Clients

Nomura International plc and Nomura Asset Management

Commonwealth Bank of Australia

Lloyds Banking Group

BNP Paribas S.A.

Hiscox

Rio Tinto

Phillips 66

TAQA

Work highlights

  • Advising Nomura (including Nomura International and Nomura Asset Management) on its Brexit contingency planning including building out an existing Nomura French credit institution and establishing and licensing a new investment firm entity in Germany.
  • Assisting Commonwealth Bank of Australia with its Brexit contingency planning project and its post-Brexit structure and European operations, including the establishment and licensing of a new Dutch bank and the transfer of business from its existing Maltese and UK entities to the new Dutch base.
  • Handling Lloyds Banking Group's Brexit contingency planning including establishing a subsidiary entity and the passporting and licensing of a branch of Lloyds Bank in Germany.
  • Advising BNP Paribas on its Brexit contingency planning and repapering project, with particular focus on no-deal Brexit planning and the role of the London branch and other UK subsidiaries post-Brexit.
  • Assisting Hiscox with the reorganisation and capitalisation of its insurance business in the EEA and consolidating its EEA insurance activity into a new entity in Luxembourg through two cross-border mergers, a Part VII transfer and a reorganisation by business sale.

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Corporate governance
Corporate governance - ranked: tier 1

Allen & Overy LLP

As adviser to some 26 FTSE 100 companies including Aviva, Hiscox and Associated British Foods, Allen & Overy LLP has notable expertise across compliance, regulatory and risk management mandates and regularly assists listed companies with shareholder issues, including activist investors and contentious company board disputes. The group also handles environmental, social and governance reviews, and fields a dedicated team, which specialises in annual general meetings and annual reporting issues. Recent work includes advising Electra Private Equity on several activist shareholder, strategic review and governance issues, and handling the governance elements of DWF's listing on the London Stock Exchange. Richard Browne and Richard Cranfield jointly lead the corporate group and Paul McCarthy is the key contact for corporate incentives. Other noteworthy practitioners include corporate finance partner David Broadley, Matthew Townsend, who is co-head of the international trade and regulatory law group; and senior corporate assistants Victoria Rankmore and Kate Astley. In late 2018, the firm also launched A&O Consulting, a venture which will focus on providing regulatory business advice including corporate governance work.

Practice head(s):Richard Browne; Richard Cranfield; Paul McCarthy

Other key lawyers:David Broadley; Matthew Townsend; Victoria Rankmore; Kate Astley

Testimonials

'Team members are experts in their field.'

'Manages to make the service feel personal at the same time as being clear and independent in its advice. Its accessibility is exceptional.'

'The team is very good technically, but also able to be pragmatic, which you don't always get with a Magic Circle firm.'

'The A&O team brings a tremendous combination of subject matter expertise and industry knowledge. Moreover, the highly pressurised transactions it handles require deft 'soft' skills that it also, thankfully, has. What ultimately makes its contributions so great is that it truly works collegiately to ensure the best advice is agreed by all advisers and then presented to the client. There are no arguments over scopes of work - just a desire to be fair and do what is best for the client. Common-sense lawyers!'

'Kate Astley is the jewel in the crown of A&O's UK corporate governance practice. She is exceptionally knowledgeable and her advice is also highly practical and pragmatic.'

'Kate Astley and Victoria Rankmore provide a seamless service. They have great passion and knowledge of their subject matter, and are always willing to speak no matter how small the query.'

'Their care and commitment are exceptional, as is their availability, making transactions feel like a team effort. Their sense of humour in darker moments is much appreciated and the whole experience is human, while at the same time paired with world-class legal advice.'

Key Clients

Aviva

Direct Line

Great Portland Estates

Ibstock

Imperial Brands

Sage Group

TUI

Associated British Foods

Quilter (formerly Old Mutual Wealth)

Network International

Hiscox

Consort Medical

McCarthy & Stone

DWF

Electra Private Equity

Man Group

Prudential     

Work highlights

  • Advising a range of clients including Aviva, Sage, Quilter, Direct Line, Ibstock, Imperial Brands, TUI and Great Portland Estates on their annual general meetings, annual reports and governance arrangements.
  • Assisting DWF with its IPO and listing on the London Stock Exchange and its related reorganisation including an innovative group structure and governance arrangements.
  • Acting for Man Group on its corporate reorganisation; the new corporate structure will be implemented through a scheme of arrangement.
  • Advising multiple listed companies on compliance and risk management issues including environmental law, anti-bribery and corruption issues, and data protection and privacy work.
  • Assisting Electra Private Equity with an activist shareholder, strategic review and governance issues.

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Data protection, privacy and cybersecurity
Data protection, privacy and cybersecurity - ranked: tier 2

Allen & Overy LLP

Allen & Overy LLP has made substantial investments in its data protection team over recent years and also benefits from the expertise of special adviser David Smith, the former deputy information commissioner at the UK ICO. The practice handles the full spectrum of data issues including compliance work, transactional support and contentious issues. Jane Finlayson-Brown and Nigel Parker jointly lead the team; Finlayson-Brown is experienced in compliance work and Parker focuses on cybersecurity mandates. The group also draws from the wider partner pool for cybersecurity work including litigator Lawson Caisley, employment specialist Sarah Henchoz and IP litigator Mark Ridgeway.

Practice head(s):Jane Finlayson-Brown; Nigel Parker

Other key lawyers:Lawson Caisley; Sarah Henchoz; Mark Ridgeway

Testimonials

'Allen & Overy has wall-to-wall competence in all areas of providing advice and practical guidance. It is responsive and practical and has the perspective of the many different multinationals that it advises, and therefore can be very strategic.'

'Nigel Parker is a technical expert while also being extremely strategic and forward thinking. The firm also offers strategic privacy update and advisory information services and can provide creative billing solutions to practical problems.'

Key Clients

GlaxoSmithKline

Four Seasons Hotels

News UK

Ant Financial

Tesco

Booking.com

The Clearing House Association

Raymond James Financial

The Royal Bank of Canada (RBC)

Lloyds Banking Group

Exponent Private Equity

Cheval Property Holdings

GardenCare (Scotts Miracle-Gro International Consumer Business)

Photobox Limited

Virgin Money

Sage

The Cooperative

Work highlights

  • Assisting GlaxoSmithKline with all aspects of its data privacy work and GDPR compliance.
  • Handling a GDPR project for Four Seasons Hotels including its remediation programme.
  • Advising News Corp UK on the data protection aspects of its joint venture with Telegraph Media Group and Guardian News & Media to offer joint digital ad sales.
  • Assisting a US-headquartered bank with its GDPR project including investigations, analysis and risk assessments on all compliance steps.
  • Assisting GardenCare with its GDPR audit and readiness assessment projects.
Leading individuals

Jane Finlayson-Brown - Allen & Overy LLP

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Regulatory investigations and corporate crime
Regulatory investigations and corporate crime - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP 's corporate crime team is 'practical and pragmatic', and is as adept at representing large multinational companies as international financial institutions in business-critical investigations. The team advise on matters including corruption, sanctions, financial issues, regulatory investigations, anti-bribery compliance, and data and privacy issues. As befits an international firm, Allen & Overy's global network of offices means it can handle a range of multi-jurisdictional investigations by various enforcement authorities. Head of team Jonathan Hitchin is recognised for his strength advising on cross-border investigations, cartel investigations and private damages claims. Arnondo Chakrabarti handles the full gamut of corporate crime matters and counts FTSE 100 companies among his clients. The magic circle firm strengthened its hand with the addition of Eve Giles  , who advises both corporates and individuals on white collar and criminal defence matters. Lawson Caisley  is also highly regarded.

Practice head(s):Jonathan Hitchin

Other key lawyers:Arnondo Chakrabarti; Lawson Caisley; Eve Giles

Testimonials

‘Practical and pragmatic with their advice’.

‘Risk-balanced, clear and easily consumed and explained advice’.

‘Arnondo Chakrabarti is particularly a stand out’.

Work highlights

  • Acting for a corporate entity and their private equity owner in connection with an internal investigation following issues raised by the company's auditors.
Leading individuals

Arnondo Chakrabarti - Allen & Overy LLP

Jonathan Hitchin - Allen & Overy LLP

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London: TMT (technology, media and telecoms)

Brand management
Brand management - ranked: tier 1

Allen & Overy LLP

Allen & Overy LLP is best known for its strong reputation in brand litigation and counts international household brands such as Coca-Cola, 20th Century Fox and McDonald's among its recent clients. David Stone spearheads the practice and is 'one of the best experts in EU design law'. Nigel Parker and Jim Ford's practice straddles the interface of non-contentious IP and commercial matters, where they advise on brand acquisition, licensing and joint ventures. Neville Cordell is another experienced litigator. Karla Hughes, who joined in March 2019 from Hogan Lovells (Alicante) SL & Cia, leads the portfolio management and trade mark prosecution practice for the Belfast office.

Practice head(s):David Stone

Other key lawyers:Nigel Parker

Testimonials

'Allen & Overy are very responsive and open to discussing strategies. Good awareness and knowledge of worldwide filing strategies and requirements.'

Key Clients

Gibson Guitars

The Coca-Cola Company

McDonald’s

20th Century Fox

News UK

Work highlights

  • Advised 21st Century Fox on the laws and regulations relating to IP, consumer issues, advertising and prizes for a promotional website relating to the Bohemian Rhapsody film.
  • Advising Marks and Spencer Group plc on its 50/50 joint venture with Ocado Group.  Under the terms of the transaction, M&S will acquire a 50% stake in an existing Ocado entity and, from completion, operate Ocado’s UK retail business.
  • Advised News UK on the Ozone Project, a joint venture with Guardian News Media, Reach plc, and Telegraph Media Group, creating a new digital marketing platform to sell online advertising in the publishers’ UK titles.
  • Acted for 21st Century Fox on various trade mark disputes including in relation to "Duff Beer", the fictional beer drunk by Homer Simpson; "Dan the Weatherman"; "The Mick"; and multiple disputes relating to the mark "Avatar", in light of James Cameron's forthcoming series of sequels to the 2009 film.
  • Provided the Coca-Cola Company with trade mark advice in relation to a number of the brand's key advertising campaigns, including the launch of the new Diet Coke packaging, branding and four-flavour range, which used the slogan "Because I can", and the use of "Be the 12th", Coca-Cola's promotion with the Premier League.
Leading individuals

David Stone - Allen & Overy LLP

Next Generation Partners

Nigel Parker - Allen & Overy LLP

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Fintech
Fintech - ranked: tier 2

Allen & Overy LLP

Standing out for the strength of its financial services regulatory practice, Allen & Overy LLP's 'capable and responsive' team acts for clients across the spectrum of fintech, where the team advises on corporate and financing transactions, regulatory compliance, and the structuring of lending platforms. Jane Finlayson-Brown stands out for her in-depth knowledge of information technology requirements, particularly the exploitation of data, an area in which she is frequently instructed by financial institutions looking to capitalise on opportunities to develop data driven products and services.

Other key lawyers:Jane Finlayson-Brown

Testimonials

"Allen & Overy have in-depth knowledge of the sector and unsurpassed knowledge of the relevant regulations and market practice."

"The practice make a real effort to get to know us as a business and customer and the focus they place on the customer experience and building an effective relationship with us is a real differentiator."

"Jane Finlayson-Brown is our main relationship point of contact and she consistently makes us feel like a valued customer. For a senior partner, her level of engagement, support and personal accountability to make sure our needs are met is exceptional."

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IT and telecoms
IT and telecoms - ranked: tier 3

Allen & Overy LLP

Allen & Overy LLP's telecoms sector group combines its reputation for M&A with regulatory and commercial expertise; in a recent highlight, the team was instructed by Huawei in high-profile litigation against Conversant, relating to Conversant's claim for a declaration that it has offered FRAND terms in respect of its standard essential patent license. Practice head Tom Levine has substantial telecoms sector expertise and regularly handles telecoms projects in developed and emerging markets, while Mark Heaney is a name to note for hi-tech patent litigation. Recently promoted counsel Andrew Kenning works closely with Levine.

Practice head(s):Tom Levine

Other key lawyers:Mark Heaney; Andrew Kenning

Key Clients

Veon

EE (BT)

Liberty Global / Virgin Media

Deutsche Telekom

MTN

Telenor

Yahsat

Tesco

Idea Cellular

Sky

Work highlights

  • Acted for Sky Italia in an antitrust dispute against TIM, the mobile division of the formerly state-owned operator, Telecom Italia.
  • Represented Huawei in Conversant’s claim for a declaration that it has offered fair, reasonable and non-discriminatory (FRAND) terms in respect of its standard essential patent portfolio.
  • Advised Veon on the €2.5bn sale of its 50% interest in Wind Tre, the Italian mobile phone operator, to CK Hutchison.
  • Acting for IHS on its acquisition and leaseback of the tower portfolio of mobile operation Zain in the Kingdom of Saudi Arabia.
  • Advised Idea Cellular on the international aspects of the $23bn merger between Idea and Vodafone India.
Leading individuals: Telecoms

Tom Levine - Allen & Overy LLP

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Intellectual property
Intellectual property - ranked: tier 2

Allen & Overy LLP

The intellectual property team at Allen & Overy LLP attracts praise for its 'outstanding ability, client awareness and total commitment to the cases it handles'. The group assists with a combination of contentious and commercial matters relating to the full range of IP rights. Recent work highlights include representing Huawei in Conversant’s high-profile claim for a declaration that it has offered FRAND terms relating to its SEP portfolio, as well as acting for Eli Lilly in its appeal to the Supreme Court against an order for the revocation of its patent for its Tadalafil product. Global head of IP, litigator David Stone, has particular experience in EU design law, while Jim Ford heads the commercial IP practice. Other names to note include patent litigator Mark Ridgway, who focuses on the telecoms, pharmaceuticals and biotech industries; life sciences and consumer products patents litigator Marc Döring;  Mark Heaney, who has expertise in the hi-tech sector, and life sciences sector specialist Marjan Noor, who 'brings a unique combination of client care and detailed involvement to a case'. Nicola Dagg departed to Kirkland & Ellis International LLP.

Practice head(s):David Stone; Jim Ford

Other key lawyers:Mark Ridgway; Mark Heaney; Marc Döring; Marjan Noor

Testimonials

'A top-end practice that, when the need arises, benefits from the in-house support of a worldwide full-service legal firm.'

'The specialist IP partners are hugely experienced and, with well-qualified technical associates, are able to provide a bespoke and cost-effective approach to each case.'

'Mark Heaney is one of the most experienced electro-mechanical patent experts in the UK, with a real understanding of what will work and what will not; he brings pragmatic strategy to every case.'

'Neville Cordell has real strengths in the pharmaceuticals and life-sciences sectors, bringing years of experience in complex and high-value patent litigation to any case.'

'Marjan Noor has huge experience as an IP litigator and is one of the stars of the London market.'

'Associate Rafi Allos is excellent.'

'Jim Ford is an extraordinary commercial lawyer. He is thorough, smart, commercial and tough, but balanced.'

'Rafi Alos and Tom Edwards are outstanding associates.'

Key Clients

Premaitha Health plc

Huawei

Seoul Semiconductor

Regeneron Pharmaceuticals

Eli Lilly and Company

Procter & Gamble

Bayer Intellectual Property GmbH

Warner Bros

The Coca-Cola Company

Manchester United

Honda Motor Europe

HP Inc

Twentieth Century Fox

Blackstone

Exponent Private Equity LLP

Imperial Brands plc/Fontem Ventures BV

Work highlights

  • Instructed by Huawei Technologies in Conversant's claim for a declaration that it has offered fair, reasonable and non-discriminatory (FRAND) terms relating to its standard essential patent portfolio.
  • Represented Eli Lilly in its appeal to the Supreme Court against an order of the Court of Appeal that its patent for the low dosing regime for its Tadalafil product be revoked.
  • Acted for Gillette Company in patent infringement proceedings against Wilkinson Sword and Edgewell Personal Care Company relating to their replaceable razor blade cartridges and shaving razors, which are claimed to fit Gillette's razor handles.
  • Advised GN Hearing on all aspects of its multi-agreement smart hearing collaboration with Cochlear, which included a program for the joint development of application-specific integrated circuits for sound processing and wireless communication intended for hearing aids.
  • Successfully represented The Coca-Cola Company in its opposition to Moden Industrial & Trade Company’s EU trade mark application for Master (Spencerian Script) for soft drinks, including three appeals to the Boards of Appeal at the EUIPO and two appeals to the General Court.
Leading individuals

Marc Döring - Allen & Overy LLP

Marjan Noor - Allen & Overy LLP

Mark Heaney - Allen & Overy LLP

Next Generation Partners

Mark Ridgway - Allen & Overy LLP

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Media and entertainment (including media finance)
Media and entertainment (including media finance) - ranked: tier 2

Allen & Overy LLP

Allen & Overy LLP is engaged by global media companies on advertising and content production, network distribution and technology-related mandates.  It is also able to offer expertise across corporate transactions, finance, IP, antitrust, regulatory, employment, real estate and commercial work. The department is regularly engaged on cross-border transactions, leveraging the firm's extensive global footprint; it advised long-standing client, 21st Century Fox on its acquisition by The Walt Disney Company.

Practice head(s):Antonio Bavasso

Other key lawyers:David Stone; Neville Cordell

Key Clients

21st Century Fox

News Corporation

Metro-Goldwyn Mayer-Studios (MGM)

Warner Bros.

Acamar Films (BING BUNNY)

Sky Italia

Thomson Reuters

Facebook

Virgin Media

Danjaq / James Bond

Work highlights

  • Advised 21st Century Fox on the extensive merger control, regulatory and litigation issues linked to its £27.7 billion takeover bid for Sky.
  • The team defended defended Warner Bros. in EU-wide trade mark infringement proceedings.
  • Advised Mubadala Investment Company, the Abu Dhabi-based investment company, on the merger control aspects of the sale of its interests in EMI Music Publishing to Sony Corporation of America.
  • It is advising Acamar Films in relation to its global trade mark filing programme.
  • The team manages all of James Bond’s (Danjaq LLC) UK trade mark work.

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Pharmaceuticals and biotechnology
Pharmaceuticals and biotechnology - ranked: tier 1

Allen & Overy LLP

At Allen & Overy LLP, Jim Ford leads the London IP practice and is co-chair of the global life sciences group and Marc Doring heads the UK IP litigation team. The group offers the full spectrum of specialisms; mergers and acquisitions, commercial transactions, IP, financing and regulatory matters. Matthew Appleton focuses on corporate transactions for life sciences clients and the 'excellent' Marjan Noor is highly rated for her handling of IP and regulatory matters. Neville Cordell and senior associate Rafi Allos tackle IP litigation together with regulatory work. Many of the team have science backgrounds -  there is a team of science analysts based in Belfast and the team has a specific focus on the area of gene editing. It also offers a comprehensive range of expertise from regulatory to distribution and advertising in respect of the challenges associated with the medicinal applications of cannabis.

Practice head(s):Jim Ford

Other key lawyers:Marc Doring; Marjan Noor; Matthew Appleton; Neville Cordell; Rafi Allos

Testimonials

'Top quality work product. Sensible. Thoughtful. Good at anticipating clients needs.'

'Michael Snook is mature, easy to deal with and very straightforward.'

Key Clients

Circassia

Grünenthal Pharma

Regeneron Pharmaceuticals

Pfizer

Exscientia

Almac

BTG

Sanofi

Zimmer Biomet

Premaitha Health plc (now Yourgene Health)

Work highlights

  • Represented Premaitha Health, which has developed the first CE marked non-invasive prenatal test for chromosomal aneuploidies. It defended patent infringement claims under five separate patents brought by a number of parties, but the matter was settled prior to a Court of Appeal hearing.  
  • Successfully acted for Regeneron, the US biopharmaceutical company, in bringing patent infringement proceedings against Kymab Limited, a UK biotechnology company.
  • Acting for a global pharma company in a Supreme Court appeal in respect of a blockbuster drug.
  • Advising BTG plc on the recommended offer by Boston Scientific Corporation. The boards reached agreement on the terms of a recommended offer to be implemented under the City Code on Takeovers and Mergers by way of a UK scheme of arrangement. Advice to the client included competition issues in a deal valued at £3.3bn.
  • Advised GN Hearing on all aspects (from term sheet to signed documents) of its multi-agreement “Smart Hearing” collaboration with Cochlear.  This included complex IP licensing arrangements to take account of perpetual cross-licensing.
Leading individuals

Marjan Noor - Allen & Overy LLP

Rising stars

Rafi Allos  - Allen & Overy LLP

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London: Transport

Rail
Rail - ranked: tier 1

Allen & Overy LLP

Benefitting from 'in-depth expertise' Allen & Overy LLP handles complex and high-value rail transactions. It offers particular experience in infrastructure, concessions and rolling stock, and acts for governments, sponsors, financiers and manufacturers. Leveraging its global footprint, the team handles a number of complex, cross-border instructions. Department head Jonathan Bevan stands out for his infrastructure and transport expertise across financings, development, construction, public-private partnerships and construction. Bevan and Richard Evans led advice for Hitachi Rail Europe on its disposal of a 30% stake in Agility Trains West to a consortium comprised of Dalmore Capital, Equitix Investment Management, Japan Infrastructure Initiative Company and Rock Rail Holdings.

Practice head(s):Jonathan Bevan

Other key lawyers:Richard Evans; Tim Conduit; Sara Pickersgill; Mario Jacovides; Tom Lindley; Elizabeth Evans

Key Clients

3i Infrastructure

Angel Trains

Alpha Trains/Arcus

Beacon Rail

Equitix

Eversholt Rail

JP Morgan Infrastructure Investment Funds

Hitachi

InfraRed

CACIB

ING

EDC

RBS

Work highlights

  • Advised 3i Infrastructure on the disposal of its 33.3% interest in Thameslink to Dalmore and Equitix
  • Advised the lenders on the Angel Trains Group’s £835m of new funding to refinance the procurement of 665 Bombardier Aventra vehicles that will be leased to the Abellio Greater Anglia franchise from 2019.
  • Advised the lenders on a new bilateral term debt facility for Angel Trains.
  • Advised the lenders on the provision of new facilities for Beacon Rail.
Leading individuals

Jonathan Bevan - Allen & Overy LLP

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Legal Developments in the UK

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