A&O Shearman has a long-established reputation as a firm working in the most innovative areas in the securitisation market, and its work for arrangers, bank originators and alternative credit providers, asset managers, hedge funds, private equity funds, and corporates remains at the cutting edge. An example is Tom Constance‘s advice to Ares Management’s Alternative Credit Funds on the market-first securitisation of a portfolio of subscription finance facilities to mid-market private equity firms. Practice head Sally Onions leads a ’highly competent and trustworthy team’, in which the ‘industry legend’ is a key adviser to both bank and non-bank originators. Daniel Hill has a thriving UK RMBS and covered bond practice, and Lucy Oddy stands out for CMBS and RMBS deals. Iona Misheva assists on a broad range of structured finance transactions across commercial real estate, whole business, receivables and residential mortgage loans in the UK and across Europe. CLO specialist Franz Ranero moved to Latham & Watkins and James Goldfinch resigned from the partnership in 2025.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘A strong bench of talent.’
‘Tom Constance is a first-class partner with top communication skills, strong work ethic and ability to boil down complex issues into what the key commercial realities are.’
‘A&O Shearman is a highly competent and trustworthy legal team with a strong track record in delivering favorable outcomes and meeting tight deadlines. We engaged them in a variety of projects but also reached out outside of project to seek their professional advice with understanding some complex regulations and their effect on our business.’
'Partners and senior associates excellent. Always feel like you're in safe hands and when things get tough, they know how to fix stuff.'
'Salim Nathoo - an industry legend.'
‘Experts in their field, very response, measured and down to earth, approachable and a pleasure to work with.’
Key clients
- J.P. Morgan
- Yorkshire Building Society
- Ares Management’s Alternative Credit Funds
- Leeds Building Society
- Chetwood
- Eurobank
Work highlights
Advised J.P. Morgan, as arranger and senior lender, on the establishment of an up to USD 700 million receivables securitisation for Tabby, a leading shopping and financial services app in the Middle East.
Advised Yorkshire Building Society (YBS) and Accord Mortgages Ltd. on the establishment and issuance of GBP350 million Series 2024-1 Class A Notes under the White Rose Master Issuer securitisation program, backed by UK residential mortgages.
Advised Ares in relation to a market first securitisation of a portfolio of subscription finance facilities to mid-market private equity firms originated in partnership with Investec Fund Solutions.
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Lucy Oddy
Sally Onions
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Iona Misheva
Practice head
Sally Onions
Other key lawyers
Tom Constance; Salim Nathoo; Daniel Hill; Lucy Oddy; Iona Misheva