Headed up by Ferdisha Snagg, recognised by clients for her ‘wealth of diverse experience’, the Cleary Gottlieb Steen & Hamilton team stands out for its seamless collaboration with the firm’s EU and US departments, handling a range of complex regulatory matters, including derivatives, regulatory capital, bank structural reform and capital markets transactions. Snagg’s workload covers EU financial markets regulation, Basel III implementation, and financial collateral arrangements, with a niche specialism in the evolving legal frameworks surrounding distributed ledger technology and cryptoassets.
Legal 500 Editorial commentary

Accolades

Client satisfaction

Testimonials

Collated independently by Legal 500 research team.

  • ‘Polina Lyadnova is an excellent lead partner. She is knowledgeable, her advice is quick but considered, detailed but commercial. She is available and responsive and easy to work with. Her team is always on the front line providing almost all the advice, again quick, detailed and commercial, but Polina's presence behind the scenes is always felt.’
  • ‘The team is very responsive and pragmatic; they have taken the time to get to know our business and are therefore able to provide commercially viable advice.’

  • ‘Ferdisha Snagg brings a wealth of diverse experience, which means she is able to provide extremely well-reasoned advice, which is always clear and comprehensive.’

  • 'For financial services regulatory questions, Cleary is to my mind the go-to law firm. They have deep industry experience, market colour, and lawyers that are responsive.’
  • ‘The team's ability to deliver joined-up, multi-jurisdiction solutions to complex financing and collateral problems, addressing key structural, legal and regulatory issues in a seamless way is a significant differentiator.’

  • ‘Ferdisha is a trusted advisor to us and has an incredibly broad and diverse regulatory practice. She can turn her mind to anything and is able to problem-solve complex situations, drawing on other practice areas within Cleary where needed. She is extremely responsive and turns around requests quickly even though her team is very lean. Given she is at a US firm, her rates are very reasonable and she is always open to discussion regarding fees.’

Key clients

  • Edenred
  • BNP Paribas
  • LivaNova PLC
  • SIFMA/SIFMA AMG
  • Santander UK

Work highlights

Advised EDENRED on the financial regulatory aspects of its partnership with Monese, a banking services provider.
Acted as English law counsel to the Securities Industry and Financial Markets Association (SIFMA) in relation to industry clearing agreements that will be used by global market participants in connection with the U.S. Securities and Exchange Commission’s clearing mandate for U.S. treasuries.
Advised various banks on the application of European derivatives and securitisation regulatory frameworks to structured financings.

Lawyers

Next Generation Partners

Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

Ferdisha Snagg

Other key lawyers

Polina Lyadnova