Cravath, Swaine & Moore LLP maintains a balanced high-yield practice advising both issuers and underwriters, with particular expertise in complex cross-border transactions involving multi-currency note issuances. The firm's EMEA capital markets group is co-led by Philip Boeckman and George Stephanakis, recognised for their market insight and commercial judgment. Stephanakis is particularly valued by clients for his strategic guidance in challenging market conditions. The practice is active across sectors, including retail and data services, with a strong focus on underwriter-side mandates. Key team members include Alyssa Caples and Margaret Rallings, who was promoted to partner in January 2025. The team was strengthened in early 2025 by the addition of Joji Ozawa from Milbank.
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Accolades
Client satisfaction: Lawyer & team quality
Client satisfaction: Sector knowledge
Lawyers
Hall of Fame
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Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Practice head
Philip J. Boeckman, George A. Stephanakis
Other key lawyers
Alyssa Caples; Margaret Rallings; Joji Ozawa