Corporate/M&A: London

Clients praise the good organisation of the team and its "terrific can-do" attitude, reinforcing Addleshaw Goddard's already excellent reputation for completing deals in the mid-market space. One of this year's key highlights was advising Travelodge Hotels on its acquisition of 52 hotels and associated businesses from Mitchells & Butlers Retail. The outfit also provided support to the Takeover Panel and several major banks.

Client Service "They look after clients extremely well. All the partners ensure they are always just a phone call away."  

KEY INDIVIDUALS Charles Penney is an "excellent technical lawyer who provides clear jargon-free advice," according to sources. William James specialises in advising on deals in the TMT, retail finance and transport sectors. He also has specialist knowledge of the payment processing industry. Takeovers and fund-raisings specialist Simon Griffiths recently represented 3i Group on the £112 million disposal of its interest in Telecity and advised Rockhopper Exploration on a £206 million fund-raising exercise.

The corporate department at this Manchester-based firm enjoys "good strength in depth and excellent technical skills." The team advises on a broad spectrum of issues ranging from M&A deals and corporate finance to private equity and restructurings. It has a strong FTSE 350 client base including United Utilities, PZ Cussons and Daisy Group. Key highlights include acting for Delta on a £285 million takeover offer by Valmont and representing Blackpool Borough Council on the acquisition of Blackpool Tower and the Golden Mile. Sources hail the "technically strong and pragmatic advice" offered by the team.

Client Service "They have a fantastic base of clients."

KEY INDIVIDUALS Richard Lee acted for Delta in its takeover offer and is described as "extremely client-focused." Neal Shepherd recently joined from DLA Piper and is rated for his ability to "solve problems in a practical and commercial way before they become sticky legal issues." Michael Birchall specialises in providing advice on acquisitions, disposals and takeovers. In the past year he represented the management of Deb Group on the secondary buyout of the business by Charterhouse. Timothy Hamilton is felt to be an experienced and influential individual who enjoys a great reputation amongst private equity houses. He is particularly recommended for "deals where the ability to think outside the box is a must." Roger Hart represents clients such as Moneysupermarket.com. "He has an approachable and pragmatic attitude, and is always able to point us in the right direction," clients say. Richard Thomas is recommended for "developing a really good rapport with clients, a great understanding of our business and a commercial approach towards deal making." Jim Tully engenders trust in his clients with his business-savvy approach and a great reputation in the market. Paul Medlicott is praised for his great advice and experience beyond his years. His clients include the likes of 3i, ArcelorMittal, Barclays Private Equity and the Capita Group.

The past year saw Allen & Overy widen its international network of offices into Indonesia, Qatar and Australia, helping the London-based team to become even better placed to support the operations of large multinational organisations. Clients appreciate the firm's overall package of talented individuals, "unfailing accessibility" and its strong global outlook. The team's impressive client roster includes the likes of Misys, Vale and the Royal Bank of Canada, which it recently advised on the £963 million acquisition of BlueBay Asset Management.

Client Service "They work hard at building client relationships whether or not a transaction is taking place. The level of service is superb and they always excel in making sure that clients' expectations are met."

KEY INDIVIDUALS Jeremy Parr impresses clients with "his excellent legal ability and sensible commercial mind," resulting in "well-balanced, focused and accurate advice." Mark Wippell represented Thomson Reuters in connection with the proposed acquisition of Complinet Group, while Richard Cranfield advised Beazley Group on its rights issue and placing to raise around £150 million. He was also on hand to advise the company on both the acquisition of First State Management Group and its intention to redomicile to Ireland. Richard Hough is, according to clients, "an absolute delight to work with." Clients particularly value his commerciality and specialist knowledge of the Takeover Code gained during his secondment to the Takeover Panel. David Broadley recently advised Bank of America Merrill Lynch, BNP Paribas, Citi, Credit Suisse and EFG-Hermes in connection with the USD790 million rights issue by Orascom Telecom Holding. David Foster, meanwhile, is described by his clients as "one of the few lawyers who can actually crack a problem and help close a deal, rather than just sticking to their legal guns."  

The Ashurst team is considered by sources to be "an ideal substitute to the magic circle" thanks to a broad, pan-European network of offices. Its reputation for fielding high-quality lawyers is deemed a key reason for its involvement in a number of significant transactions. Recent examples include its advice to uninterruptible power supply providers Chloride Group on the £997 million takeover offer from Emerson Electric. The offer followed an earlier £723 million approach by Emerson and a separate £864 million offer by ABB, both of which also demanded the input of the Ashurst team.

Client Service "They are the best in class at client relationship development. Even though we have a large team, they are excellent at keeping in touch with everyone." 

KEY INDIVIDUALS Adrian Clark is considered to be "completely at the top of his game." He advised Bank of America Merrill Lynch in relation to an £888 million recommended cash offer for Brit Insurance Holdings. Stephen Lloyd advised Nordic Capital on the acquisition of Britax from funds advised by The Carlyle Group. He always has "one eye on the commercial outcome of a deal," clients say. Charlie Geffen is well versed in transactions with a private equity theme. He recently advised on a restructuring exercise by Gala Coral. Richard Gubbins acted for Laird, the global electronics and technology company, in its acquisition of Cattron Group International. Bruce Hanton advised RPC Group on its proposed acquisition of Superfos Industries for a consideration of EUR240 million. Nicholas Holmes, who specialises in M&A, equity offerings and equity derivative work, recently assisted Nomura International, Morgan Stanley International and SEB Enskilda on their role in the Kingdom of Sweden's sale of 255 million shares in Nordea Bank. Thomas Mercer is an up-and-coming lawyer particularly recognised for being "proactive in suggesting solutions and airing his views rather than waiting to be asked."

Because of the vast international reach of the group, the corporate team at Baker & McKenzie is active advising on multi-jurisdictional deals covering sectors ranging from energy to media, technology and pharmaceuticals. Recent highlights include acting for China National Offshore Oil in a USD3.1 billion joint venture with Bridas Energy Holdings. It also advised Ontario Teachers' Pension Plan Board on its successful bid for Camelot Group, the operator of the UK National Lottery.

Commercial Awareness "They understand our business approach and are able to prioritise the issues they act on for us accordingly. Their offices are well integrated and they communicate well."

KEY INDIVIDUALS Timothy Gee is "a vastly experienced lawyer who embodies commerciality and excellent judgement." Clients appreciate his "calming influence and invaluable input into difficult negotiations."  

Clients praise the firm's "outstanding work ethic" as well as its "resourcefulness" and "in-depth knowledge of the subject matter." Recent work highlights include advising on an MBO of Kindred Agency and working for a Toronto-listed company on the sale of the shares and assets of Megahertz Broadcast Systems. The team's clients include companies in the media, financial services and fashion sectors. The creativity of the group is the subject of praise. One source says of the team: "They demonstrated strong negotiating skills and great initiative when it came to finding solutions to the obstacles placed in our path."

KEY INDIVIDUALS Mark Tasker joined the firm from Fox Williams in 2010 and focuses on M&A, venture capital and private equity deals. His "proactive approach" and "willingness to take the initiative" are mentioned by sources as just two of the reasons behind his success.

With a growing cross-border presence, BLP's corporate team regularly works on deals with an international flavour. It recently advised on the purchase of a majority stake in a shopping mall in France as well as a share of an oil and gas company in Australia. Clients are particularly impressed by the firm's "professional and timely service, as well as its exceptional responsiveness." Its client base is composed of organisations from a cross-section of industries and the firm continues to make strides in representing high-end, publicly listed companies.

Client Service "They have bonded with us well and are almost always available. Very personable, pleasant people to deal with."

Commercial Awareness "The whole team is very commercially aware and more than able to guide me through what I need to know. They always meet deadlines and are keen to get on with the job."  

KEY INDIVIDUALS M&A and corporate finance expert John Bennett acts for such clients as Tesco, Balfour Beatty and Legal & General. In the past year he advised BGC International in the business and asset acquisition of Mint Partners and Mint Equities from administrators. "Outstanding" Keith Stella has a "first-class mind for providing creative and commercial solutions." He has vast experience in the hotel sector and advises Carlson, East India Hotels and Searcy. Rob Salter is praised for his "strong technical abilities and relationship management skills." He focuses on advising quoted companies on a wide range of corporate and capital markets issues. David Collins looks after a number of corporate and institutional clients including PlayTech, AsianLogic, PartyGaming and CleanEnergy Brazil. In the past year Alan Paul, who specialises in domestic and international M&A, corporate governance and private equity, advised Dana Petroleum over a £1.8 billion hostile takeover bid from KNOC. He recently joined BLP as a senior consultant after retiring last year from Allen & Overy.

Clients feel that the corporate team at this firm is "very approachable, almost like a small firm wrapped in a bigger one." Other sources praise the outfit's "excellent commercial understanding." The firm has strong exposure to American markets, which has resulted in an increasing number of US clients and deals. Key highlights include representing Phyworks on the USD72.5 million sale of the company's entire issued share capital to Maxim Technology and advising Fluid Music Canada on the USD160 million purchase of Mood Media Group. Sources are impressed with the firm's commercial mindset, with one noting: "What I really like about Bird & Bird is that they don't bamboozle you with legalese - they always find simple solutions and explain things in a straightforward way."

KEY INDIVIDUALS Simon Allport is appreciated for "understanding the gravity of commercial issues." His main focus lies in advising on public equity markets. Neil Blundell is "an intensely practical lawyer who always gives real solutions to real problems." Clients feel reassured by the supportive approach of Matt Dennis, noting that he helps them to demystify the legal process. He is particularly recommended for corporate transactions within the life sciences sector. Matthew Bonass specialises in corporate transactions involving the traditional fossil fuels-based energy sector as well as newer cleantech and renewable energy technologies.

The team boasts a good reputation for advising the media and technology sectors. Recently the group acted for ITV on a number of acquisitions, investments and disposals. The team is also well known for its work on energy matters, where it continues to win mandates from Medoro Resources and Energybuild Group. On the international front, practitioners attract instructions from the Government of the Bahamas, Russia-based Excillion Energy, as well as several Japanese and Africa-oriented companies. According to feedback, the group takes a sensible approach to client care: "You don't get the impression they are being pushy or are trying to bill you as soon as they pick up the phone." 

KEY INDIVIDUALS Simon Gilbert has a proven track record in advising on M&A deals. The last year saw him act for Origo Sino India in relation to a £38.5 million share and cash offer for AIM and CISX-quoted Origo Resource Partners. Keir Gordon oversees the work of the sports group and the funds group, specialising in structuring investment funds and acting in corporate and commercial transactions within the sports sector.

According to clients, Cleary Gottlieb is "synonymous with expertise, knowledge and reliability." The firm continues to represent public and private corporations, private-equity houses and financial institutions engaged in a variety of recommended and hostile deals involving proposed M&A and joint ventures. Clients include BHP Billiton, ArcelorMittal and American Express. One source notes he was "thrilled to work with the firm" and is "looking forward to working with them again should the opportunity arise."

KEY INDIVIDUALS Simon Jay is described as "an impressively commercially driven lawyer." In the past year, Jay has provided M&A advice to TPG on the acquisition of fashion retailer Republic and led the London team that advised Google on an offer for Swedish company Global IP Solutions. Tihir Sarkar is considered to be "a savvy negotiator who has the ability to build up an environment of mutual trust and respect." Clients also praise his "strong leadership skills and acute business sense" as qualities which significantly contribute to the successful closing of deals. Michael McDonald advises such clients as 3M, UTC, Ontario Teachers' Plan and Istithmar. He is also regularly instructed by Truvo and recently advised on the restructuring of its debt.  

Clients recommend this magic circle firm for the strength and depth of a corporate team that is "composed of quality partners and associates that are willing to invest in client relationships and able to tell you how to find solutions to problems." Other sources emphasise that the corporate group provides "extremely high-quality advice on deals across any sector" and that its "commercial acumen is on a par with the best." The team handles a variety of leading corporate matters. Recent mandates include advising the Energy International division of EDF on a £17 billion combination with GDF SUEZ's Energy International division. It also represented Man Group on the £1.1 billion purchase of fellow hedge fund GLG Partners. Its impressive client roster also includes Deutsche Telekom, Kraft, Warburg Pincus and Goldman Sachs.

Commercial Awareness "We value their advice a great deal because it is pragmatically commercial and always tailored to us and our circumstances." 

KEY INDIVIDUALS Timothy Lewis is singled out for "providing sensible solutions." He recently advised Norbert Dentressangle on the £196 million purchase of transport group TDG from DouglasBay Capital. David Pearson is described by clients as "a great all-rounder who understands his clients' needs." He advises on corporate finance, takeovers and private equity. David Pudge specialises in domestic and international M&A deals and has expert knowledge of public takeover offers. His clients include Man Group and International Power. Spencer Baylin  provides advice on a broad range of corporate issues from M&A deals to joint ventures and corporate restructurings. He advised Warburg Pincus on the £200 million acquisition of Poundland. Steven Fox recently joined the firm from Ashurst and is singled out as "absolutely terrific for funds-related work." Another "great supplement to the Clifford Chance team" is Patrick Sarch, who impresses clients with his knowledge of the Takeover Code.

On November 1st, Barlow Lyde & Gilbert merged with Clyde & Co. The merged entity will trade under the Clyde & Co banner. In the past year the corporate team at Clyde & Co has advised on a number of deals in the energy, commodities and transport sectors. It has also remained active in the insurance sphere. Its most notable highlight has been representing New Age on the acquisition of a 25% interest in the Marine Block XII Permit and production-sharing contract in the Republic of Congo, acquired from an Italian company. Sources note of the team's practitioners that "we trust their opinions and rely on their judgement."

KEY INDIVIDUALS Philip Rogers advises clients ranging from large multinationals to fast-growing entrepreneurial organisations on compliance, risk management and corporate governance.

CMS Cameron McKenna climbs the rankings thanks to positive reviews from sources of the firm's "fair, efficient and commercial service." The corporate team continues to win instructions to advise on major transactions in the transport, energy and life sciences sectors. Standout highlights include advising Transport Trading on the £310 million acquisition and subsequent £1.8 billion debt restructuring of Tube Lines. Other clients include BP, Scottish and Southern Electricity, Simple Health and Beauty and the Department for Transport.

Commercial Awareness “The firm is very focused on providing excellent customer service and advice that is both responsive and practical."  

KEY INDIVIDUALS Clients appreciate that Louise Wallace is able to "step into their shoes and look at matters from their perspective." The highlight of her work in 2010 was advising Camelot in connection with its £389 million sale to the Ontario Teachers’ Pension Plan. Gary Green is particularly experienced in corporate transactions in the energy, life sciences, real estate and TMT sectors. The expertise of Sean Watson ranges from public takeovers and M&A to stock exchange flotations, corporate restructurings and capital raisings. He continues to advise Hunting over the sale of Gibson Energy. Charles Currier is praised for "being alive to the demands of any transaction and providing unfailing support to his clients." He recently advised RWE on a EUR2 billion joint venture to build a major wind farm in North Wales. James Parkes is highly regarded for "his timely responses, superb listening skills and all-round professional advice." His clients include Savills and TT electronics.

The corporate team at Beachcroft is renowned for its work in the healthcare and insurance sector where it represents the likes of AXA, Allianz and Biocopea. The team continues to win new clients such as Redstone and Accumuli and has recently been appointed to the commercial panel of Royal Mail. Important cases include advising Morley & Scott on a merger with Menzies and acting for Xpolite on its sale to Avisen. On November 1st, Davies Arnold Cooper will merge with Beachcroft. The resulting firm will be known as DAC Beachcroft LLP.

KEY INDIVIDUALS Laurence Markham heads the team.

The team impresses clients with its "measured, business-savvy advice that achieves the best solutions for our businesses." The past year saw the team represent ACM Shipping Group on its acquisition of a dry cargo business and assets from Australian Endeavour Shipbroker Unit Trust. The team also provides corporate advice on the UK aspects of a number of international deals, including, recently, on the purchase of Solent Capital by Alladin Capital Holdings. Interviewees add that "you feel Dechert is completely on your side and living the challenges that you face."

KEY INDIVIDUALS James Croock leads the work of Dechert's London office.

DLA Piper has earned recognition for its skill in handling both mid-market and high-end transactions, attracting praise for "its proactive approach and high-quality advice on multi-jurisdictional matters." Practitioners recently advised a consortium of Hong Kong organisations on the £5.8 billion acquisition of EDF's UK electricity distribution assets. Other highlights include acting for Santander in the EUR3.1 billion acquisition of a majority stake in Bank Zachodni WBK and acting on the £955 million sale of Pets at Home to US-based private equity house Kohlberg Kravis Roberts.

Commercial Awareness "High levels of responsiveness. They have made great progress in ensuring a better understanding of our business."

KEY INDIVIDUALS Clients value Charles Severs for his high level of professionalism and responsiveness. He recently advised shareholders of Sophos on the USD830 million sale of a majority stake in the company to Apax Partners.

DLA Piper is felt to be still "flying the flag of tremendous quality" both in the region and further afield. Indeed, sources feel that the team offers superb service across a number of legal disciplines. Its client base ranges from local entrepreneurs to private equity houses and companies based abroad. Key highlights include advising on the secondary buyout of Pets at Home Group by KKR and representing the shareholders of Informed Direct in an offer for the issued share capital of the company. 

Client Service "The team is always available when needed."

KEY INDIVIDUALS Stephen Devlin enjoys an outstanding reputation in the market for his advice on M&A and private equity deals, particularly those with a cross-border element. His clients include Matalan Group, Authentic Food Group and Latium Group. Jonathan Watkins is described as "client-focused, commercial and a pleasure to work with." He worked on the £170 million sale of Visage Group to Li + Fung and advised on the £55 million sale of the Sunseeker Group. David Cadwallader provides corporate advice to clients in the agribusiness, leisure and food processing sectors. He advises the likes of Liverpool Football Club, Sonova and Lonrho.

Combining corporate expertise and a commercial approach, the team has demonstrated "a can-do attitude" to a client base of both UK and foreign entities. In the past year, highlights have included advising ISM Capital on the issue of Luxemburg Stock Exchange-admitted convertible bonds by Lonrho. The firm also advised Shed Media on the £100 million scheme of arrangement takeover by WB Bidco. Clients say that the "commerciality of their advice is first rate: they definitely know what they are doing."

KEY INDIVIDUALS "Hard-working" Mark Taylor delivers "high-quality advice on a timely basis." He recently advised Investec as broker to Dignity on a complex return of cash to shareholders.

Dundas & Wilson maintains a strong mid-market presence and continues to receive mandates from an extensive portfolio of clients. The corporate team recently advised BASF subsidiary Sorex on the sale of its Network Bird business to P&L Systems. It also represented Dutch company Vitters on the acquisition of racing yacht builder Green Marine.

KEY INDIVIDUALS Simon Sale is the head of the corporate group.

Clients are impressed by this team's offering of "a quality level of service without the magic circle price tag." The group provides corporate advice to both domestic and foreign-headquartered companies, private equity houses and financial institutions. Recent highlights include advising on the recommended £2.1 billion takeover of the UK and South Africa-listed Dimension Data Holdings by NTT. It also acted on the takeover of Castle Support Services by Swiss-listed Sulzer Holdings. Sources note that advice is "tailored to our situation" and "delivered with appropriate recommendations in a business-oriented style."

Client Service "The team is always more than willing to help, and partner time is never a problem."

KEY INDIVIDUALS Chris Halliday also heads the firm's international mining and natural resources group and acts on a variety of corporate transactions, including on fund-raisings for public companies. Mark Spinner is singled out for his "impressive responsiveness and innovative approach to transactions."

This firm continues to attract high-profile mandates from some of the region's largest corporates, including Holidaybreak, Co-op and Expansys. The team has also built up a number of sector specialisms through its work for clients such as those from the IT and PPP industries. In the past year the team advised Vancouver Airports Group on the £200 million acquisition of Peel Airport Group. Sources feel that the team's leading partners "take very good care of us."

Commercial Awareness "Very commercial and pragmatic."

KEY INDIVIDUALS Daniel Hall is described as "a shrewd, commercial lawyer with a fantastic client following and outstanding organisational skills." Another standout lawyer is Jonathan Robinson, who can "get things done smoothly, diffuse any arguments and achieve desired results," clients say. "Super lawyer" Edward Pysden advises some of the firm's most high-profile clients on a range of corporate matters.

Sources describe Farrer as "an established traditional firm that is perfectly capable of handling modern issues." The team is praised as client-focused and "takes a corporate financiers' approach to matters, as opposed to just talking about law, risks and concerns." In the past year it advised a group of private investors on the £74 million MBO of KBC Peel Hunt from the Netherlands' KBC Bank. 

Commercial Awareness "The team has a strong appreciation of commercial concerns and the capability to handle demanding clients." 

KEY INDIVIDUALS Richard Lane "always has an eye on getting the deal done." He has been advising BMJ Publishing Group on the £9 million acquisition of Informatica Systems and acted in the reorganisation of AIM-listed Offshore Hydrocarbon Mapping. Adam Walker is described as "affable, approachable and shrewd in commercially applying the law." He recently acted for Singer Capital Markets on the £21 million placing by Black Leisure Group.

The team has been particularly active assisting with deals in the oil and gas, TMT and financial services sectors. The London team has strong links with the firm's CIS regional network and often advises on Russian or Ukrainian transactions. By way of example, the team advised leading Kazakh oil and gas producer KMG EP on the acquisition of a 50% interest in Mangistau Investments. On the domestic front, the group's success is exemplified by its work for both broadcasters and broadband internet providers on the YouView joint venture.

Commercial Awareness "The team demonstrates superb commerciality, as was proven when it secured important terms for us during one transaction."

KEY INDIVIDUALS Andrew Blankfield is described by clients as providing a "Rolls-Royce service in terms of personal commitment." He leads the work of the group and has a strong understanding of the technology sector. Anthony Brockbank has particular expertise in advising on deals within the mining and oil and gas sectors, where he represents such clients as Hidefield Gold and Ridge Mining.

Clients appreciate the firm's efficient service and the "dedication of the corporate team" in handling mid-market transactions. It recently advised Ark Home Healthcare Holdings on a series of acquisitions. It also represented the shareholders of Green Tomato Cars in the sale of the company to Transdev. Interviewees say the practice does well in getting to grips with its clients' businesses: "Its ability to understand our culture is reflected in its advice." 

KEY INDIVIDUALS Paul Glassberg heads the team.

Mid-market specialist Fladgate is described by sources as "a friendly yet professional team that definitely knows what it is doing." The firm acts for a wide-ranging client base that includes the likes of British Airways Pension Fund, Rocco Forte Hotels and Gresham House. It has recently been advising on LLP conversions and high-value disposals of shares or investments.

Client Service "The team is responsive, efficient and maintains a high level of professionalism."  

KEY INDIVIDUALS Jeremy Whiteson acts for businesses and investors on start-ups, fund-raisings and M&A deals. He also provides advice on corporate recovery and has experience of advising property funds and structures. Anthony Vaughan specialises in providing corporate advice to the leisure industry and often advises hotel and advertising clients.  

The team impresses clients with its "excellent responsiveness and high levels of partner attention." Market sources also appreciate that the outfit has a number of highly specialised lawyers in a variety of other disciplines able to assist on corporate deals when needed. The team represents clients such as Toronto Stock Exchange-listed Constellation Software, NYSE-quoted GFI Group and the City of London Group. Sources say "their knowledge of the dynamics of deals means that we don't waste any time on explaining things unnecessarily." 

Client Service "They have worked long hours for us at the speed we wanted to go at. They are always at the end of the phone."

KEY INDIVIDUALS Paul Osborne has particular expertise in providing corporate law advice to clients in the technology and e-business sectors. In the past year he acted for City of London Group on the formation and funding of a new subsidiary.

Clients have no hesitation describing Freshfields as a premier corporate practice and are highly impressed with its "professional commitment, strong pool of associates and excellent understanding of our business." The firm has a reputation for working on some of the most significant deals in the market. Standout deals last year included advising Zhejiang Geely Holding Group on its acquisition of Volvo Cars and representing HSBC Rail UK in the restructuring and refinancing of its rail leasing business. Other clients include JPMorgan, BP and PartyGaming.  

Client Service "They think far ahead, anticipate what we will need to do next and are always a step ahead of the game." 

Commercial Awareness "They are pragmatic and creative when it comes to finding alternative solutions, take a risk-based approach and, most importantly, really understand the organisational context and the sector in which we operate."

KEY INDIVIDUALS Mark Rawlinson is described as "an incredibly accomplished lawyer with an outstanding ability to communicate clearly." He is also hailed for his leadership skills. "He makes sure his team stays focused even when under enormous pressure," clients say. Edward Braham was recently appointed as the firm's worldwide head of corporate. He advises on a variety of corporate transactions, including private equity and infrastructure-led deals. The past year saw him represent the management of Mey Icki Sanayi ve Ticaret on the acquisition of the company by Diageo. Will Lawes is praised for his "vast knowledge" of the financial services sector and "an ability to make clients feel as if he acts for them alone." Clients single out Lawes and Rawlinson as their "dream team" for any big transaction in the UK as they are "well placed to outsmart anybody on the other side." Barry O'Brien continues to advise some of the firm's most reputable clients on matters including mergers and acquisitions, corporate governance and securities offerings. He recently represented Deutsche Bahn in a proposed cash offer for Arriva. Julian Long focuses on private and public M&A and has expertise of the health care sector. He recently provided advice to BP on legal, regulatory and disclosure matters in respect of the USD7 billion disposal of assets to Apache. Claire Wills advises on M&A, joint ventures and restructurings. Last year she represented Vallar on the USD3 billion cash and shares purchase of Indonesia’s two largest coal mining companies. Laurie McFadden also represents both private and publicly held companies, and recently acted for Vue Entertainment on the company's £450 million sale to Doughty Hanson.

Clients say this firm offers business-focused advice and a talented team with good depth and breadth. The firm has a notable presence in the media sector, this year advising MAMA Group on a £46 million recommended takeover offer from HMV.

Commercial Awareness "Harbottle & Lewis gets the balance right between safeguarding our interests and maintaining the commercial aspects of the transaction." 

KEY INDIVIDUALS Colin Howes is highly reputed for delivering timely advice to clients in the aviation, entertainment, media and leisure industries.

Clients praise this firm for "providing excellent advice that is worth every penny." The team continues to win high-profile instructions from existing clients, as well as significant panel appointments to advise such names as Lloyds Banking Group, BAA, Standard Chartered Bank and, on a global scale, BNP Paribas. Major highlights include acting on the takeover of Zain Africa by Bharti Airtel for USD10.7 billion and advising on the £1.5 billion sale of Harrods to Qatar Holding.

Commercial Awareness "They are commercial tigers. They have great general business acumen and know how to structure complicated deals."

KEY INDIVIDUALS James Palmer is "a great source of answers to any question" regarding corporate law. He comes "strongly recommended for devising creative solutions to tricky boardroom situations." Malcolm Lombers specialises in cross-border M&A transactions. He recently acted for Resolution in relation to the £165 million acquisition of the shares and business of Bupa Health Assurance. David Paterson has vast experience advising numerous FTSE and major multinational companies on governance and regulatory matters. As a "great corporate finance specialist," Gareth Roberts advised Northern Foods on the recommended £411 million merger with Greencore Group. Ben Ward impresses clients with his "in-depth legal knowledge" and "strong commercial acumen that helps the client make the right commercial choice." Stephen Wilkinson is described as an "extremely diligent lawyer who solves problems." He advised BSkyB Group on the acquisition of Virgin Media Television from Virgin Media.

The transatlantic merger that generated the Hogan Lovells behemoth is felt to have strengthened its overall international corporate offering. According to research, this combination has helped to win such new clients as News Corporation and Ford. Highlights include advising Ford on the USD1.8 billion divestment of Sweden-based Volvo Cars. Sources commend the firm for possessing great depth and breadth, complementing its expertise and ability to devote impressive resources to servicing the needs of clients. Clients feel the team achieves this with "constant good humour and pragmatism, a quality I have found hard to find elsewhere."

Commercial Awareness "We are impressed by the quality of their work and the diligence with which they approach each task."

KEY INDIVIDUALS Steven Bryan provides advice on a variety of corporate matters, with an emphasis on deals in the energy sector. He recently acted for both Industry Funds Management and Elia Consortium in the joint acquisition of an electricity transmission operator. Andrew Pearson specialises in corporate transactions for clients in the consumer and media sectors, and can also advise on LSE listings. Richard Ufland, meanwhile, has acted for Government of Singapore Investment Corporation on a range of transactions, including a USD225 million investment in the Travelport Group.

Market sources confirm that this leading mid-market operator "amply deserves its excellent reputation for providing seamless and high-quality commercial advice." Backed by the resources of the firm's US and European networks, the London office provides a full service across the gamut of corporate law. Members of the team advise the likes of Connaught, ENRC, Goldman Sachs International and London & Stamford.  

Commercial Awareness "The team has a good commercial approach, is extremely responsive and is always willing to also help out on smaller matters at a reduced price."

KEY INDIVIDUALS Giles Elliott advised on the acquisition of the share capital of Radial Distribution for £208.5 million from Warner Estates Joint Ventures and Uberior Ventures. John Phillips recently advised Procter & Gamble on the acquisition of Sara Lee Corporation’s global air care business, a deal that involved assets located in 30 jurisdictions. Leon Ferera impresses clients with "his ability to steer us through unclear waters" and "play to different tunes depending on how negotiations are proceeding." Vica Irani adds value to a transaction by being extremely helpful and business-minded, clients say.  

This practice has been strengthened by new arrivals from Hunton & Williams and it earns praise for its breadth and connections to the USA. The firm is often engaged in cross-border matters, as evidenced by its work for the subsidiaries of software developer Thesys in the UK, United Arab Emirates and Singapore. The group's client roster includes Capgemini, Arena Leisure and Henderson Fund Managers. Sources underline the business-savvy mentality of the team, claiming that "they have a pragmatic approach to lawyering and focus on getting the job done."

KEY INDIVIDUALS Kevin Dean advises clients on M&A and private equity transactions affecting the fund management, transport and leisure sectors. In the past year he represented Principle Capital Group in regulatory proceedings before two committees of the Takeover Panel and the Takeover Appeal Board.

Kemp Little has the reputation of "a high-quality boutique law firm" manned by lawyers who "will always go the extra mile to help." The team is particularly strong in the technology and media sectors, across which it advises a number of privately owned and AIM-listed clients. Notable names on its roster include Serco Group, Primesight, Thomson Reuters and LOVEFiLM. Sources have no hesitation in recommending the practice. One claims that "they are my preferred lawyers on a rollercoaster of acquisitions, and are always friendly, accomplished and come equipped with a good sense of humour."

Commercial Awareness "We love them. We don't get legal essays, we get advice that is straightforward and easy to understand."

KEY INDIVIDUALS Charlotte Hawkins is described as "a commercially focused lawyer who knows how to talk to business clients and deliver great results." She recently assisted Thomson Reuters in its acquisition of legal publishing company Shaw & Sons.

This team houses "high-calibre lawyers who can handle complex situations with a great sense of humour." The team recently advised Vedanta Resources on the USD10 billion acquisition of a majority stake in Cairn India. Other highlights serve to underline the international credentials of the firm, such as its role advising Onex Partners and Canada Pension Plan Investment Board on the £2.89 billion acquisition of Tomkins. Clients indicate the team is "enthusiastic and professional at all times, willing to handle negotiations but also knowing when to back off."

KEY INDIVIDUALS Richard Brown joins the firm from Hogan Lovells. He combines corporate expertise with capital markets knowledge. In the past year he advised Straumur-Burdaras Investment Bank on the EUR2.3 billion restructuring of creditor claims.

The team excels at advising clients in the insurance, natural resources and energy sectors. Recent highlights include acting for Clipper on a £139.5 million proposed cash acquisition by US company United Technologies. Lawrence Graham also advised Marine Current Turbines on a round of investment from Siemens, the Carbon Trust and a number of private investors.

Client Service "They rose to the challenge of the transaction, were responsive beyond office hours and managed to out-negotiate the other side despite all the guns being aimed at us."  

KEY INDIVIDUALS Nick Heather is praised for his good knowledge of offshore jurisdictions and his pragmatic approach to corporate matters. "He knows what to argue and what not to argue," his clients say.

Lewis Silkin is described as providing the rare combination of "an intensely personal service" and a wealth of resources. The corporate team has been active in the media sector where it acted for AIM-listed Ebiquity on the acquisition of Xtreme Information Services. It also continues to gain strength in the healthcare and minerals sectors with new client wins including Integrated Dental Holdings and Core Mining.

Commercial Awareness "They are as much commercial advisers as they are lawyers and constantly have their eye on the main business objectives."

KEY INDIVIDUALS Jo Evans "knows the market inside-out" and is considered "brilliant to deal with: sharp and always in touch with what's going on and how it applies to her clients and their businesses." 

Described by clients as a "first-rate team that makes incredibly complex issues understandable quickly and efficiently without the fuss," Linklaters is considered a "go-to firm" for high-profile deals. Sources indicate that the corporate team "always goes the extra mile and will bend over backwards to achieve clients' objectives." The team advised on the USD23 billion Comstar-Monet 2 merger and GDF Suez’s USD20.2 billion reverse takeover of International Power. Other clients include BP, RBS and Rio Tinto. Sources are in awe of the availability of the team. One source notes "they are available 24/7 and will do their utmost to provide the best service: you don't get the impression you are put in a queue or further down in the pecking order."

Commercial Awareness "They analysed the matter, effectively identified the commercial points and developed a strategy on how to argue them."

KEY INDIVIDUALS Clients and peers describe Matthew Middleditch as "a real old-school lawyer who is clever, has great client skills and is very charming to deal with." Richard Godden continues to advise a wide range of corporate clients, professional services organisations, investment banks and other institutions. Jeremy Parr earns kudos for "his ability to gain people's trust, even at a very senior level, and influence them." Another very highly reputed lawyer, Charles Jacobs recently assisted Zain on the USD10.7 billion disposal of its African mobile phone business to Bharti Airtel. Mark Stamp advises on domestic and international capital raising, mergers and acquisitions and other general corporate and corporate finance work. Owen Clay worked on Korea National Oil Corporation's £1.9 billion takeover of Dana Petroleum. With over 30 years of experience, senior partner David Cheyne commands the respect of the market. He continues to provide assistance on M&A work, joint ventures and flotations.

A mid-market powerhouse, Macfarlanes generates positive reviews for its "extremely able" practitioners' tackling of high-quality corporate matters. Recently the team has acted for a number of high net worth individuals on corporate matters. Highlights include representing Nathan Kirsch and his KiFin company over a hostile voluntary offer for Minerva. It has also been active in the sports sector where it represented Manor Holdco on the sale of its controlling interest to Russian supercar manufacturer Marussia Motors.

Commercial Awareness "I need lawyers who come up with commercial solutions. Macfarlanes did exactly that - they got to the heart of the problem and got it right the first time." 

KEY INDIVIDUALS Clients turn to Charles Martin for his "great judgement and creative solutions," particularly when it comes to structuring complex private equity deals. Kevin Tuffnell has a "depth of experience on wide-ranging commercial issues." He recently provided corporate advice to Four Seasons Health Care on the restructuring of £800 million of debt. Praised for his work ethic and enthusiasm, Graham Gibb is "always ready to roll up his sleeves and get stuck in a piece of work." Along with Charles Martin, he advised Brit Insurance Holdings on a USD1.3 billion recommended cash offer by Apollo Management and CVC Partners.

This compact corporate team provides "good-value, commercially oriented advice." The team has been particularly active in the food and hospitality industry where it advises Tomahawk Pubs and Clapham House Group. It also continues to receive instructions in the health care sector from such clients as City and County Healthcare Group and Finsbury Orthopaedics.

KEY INDIVIDUALS Jon Sweet is praised for his "in- depth understanding of business matters and ability to get on well with clients." The past year saw him act for the sellers of management and information consultancy Amtec Consulting to Keane International.

Clients are impressed by the "professional but informal culture of co-operation" within Mayer Brown that "saves time and avoids mistakes." One source appreciates that "partners are up to speed and on hand to supervise" and associates are "always happy to refer matters to senior figures where they are unsure." The depth and breadth of the team is also seen as a real plus. The practice acted for Cadbury, De La Rue, Fujitsu, Thales and Royal Mail in relation to the £389 million sale of Camelot Group to Ontario Teachers’ Pension Plan. Other clients include Thomson Reuters, Unilever and Vue Entertainment Holdings.

Commercial Awareness "They focus on matters that are critical to the deal rather than wasting time and clients’ money on technical niceties."

KEY INDIVIDUALS According to feedback, William Charnley "is business savvy, technically strong and knows how to apply it." Practice leader Peter Dickinson is "outstandingly commercial, incredibly sharp and has excellent negotiation skills," clients say. Sources indicate that Kate Ball-Dodd "represents everything an in-house lawyer would ever want from an external counsel: she is timely, commercial and cost effective."

Since publication, Stephanie Bates has joined Orrick Herrington & Sutcliffe (Europe) LLP

The firm is well regarded for providing assistance with small to medium-sized transactions, where it impresses with its "sensible approach." The corporate team has a growing client base comprising both UK and foreign headquartered companies, particularly those from the energy sector. Memery Crystal was recently instructed to advise Petro-Canada UK on the sale of £240 million worth of assets. 

KEY INDIVIDUALS Lesley Gregory is acknowledged for her work within the small cap market. Clients commend her as "bright, hard-working and experienced."

The team at Mischon de Reya has considerable experience in private equity deals as well as in handling deals for the property and hotels sectors. Other areas where the firm boasts considerable expertise are the betting, gaming and renewable energy sectors. The firm's excellent reputation has recently attracted a number of new clients including Matterhorn Capital, CB Richard Ellis Group and Privet Capital.

KEY INDIVIDUALS Nick Davis heads the team.

The strengths of this US-headquartered firm lie in advising on IT and technology-related transactions. Its expertise in these sectors enables the firm to win work from a number of notable players in the industry, both in the UK and abroad. Recent notable mandates include advising Intel on the USD1.4 billion acquisition of Infineon’s wireless solutions business. It also represented Delaware-based Autodesk on the acquisition of Dynamite VSP and Dynamite SIM visualisation software products. The team also continues to represent Asian clients seeking advice on doing business in European jurisdictions. Interviewees describe the group as "thoughtful, proactive and responsive."

KEY INDIVIDUALS Ed Lukins is a key contact in the corporate team.

The firm maintains a strong position in advising on mid-market corporate transactions. Clients are particularly impressed by Nabarro's team spirit, which they feel helps to engender "a feeling of confidence on both sides." Although recognised more by sources for their work on mid-tier transactions, the team has increasingly been asked to handle larger mandates. Key highlights include advising on the AUD1.6 billion merger of Brookfield Infrastructure Partners and Prime Infrastructure Group. Members of the team also represented Drivers Jonas Deloitte in a merger with Deloitte.

Commercial Awareness "The team is extremely focused on practical matters; there is never anything useless in their advice. They are very much aware of the big picture."

KEY INDIVIDUALS Iain Newman advises an array of clients on acquisitions, disposals and joint ventures. His strengths were underlined by his advice to Collins Stewart on the acquisition of Andersen Charnley and Andersen Charnley Investment Management. Clare Grayston takes an "organised approach that enables the whole team to deliver superb results." Graham Stedman provides advice on international M&A deals and capital markets matters. 

Feedback gives Norton Rose a solid rating for dealing with matters at the high end of the market. The team provided assistance in a series of high-profile transactions, including ongoing guidance on the £10 billion merger of Orange and T-Mobile, the merger between British Airways and Iberia and the £2.75 billion sale of AXA’s UK life assurance business to Resolution. Clients appreciate that the firm has a strong practice in a number of specific sectors, including banking and shipping.

Commercial Awareness "Norton Rose make a genuine attempt at getting to know your business and are very pragmatic in their recommendations."  

KEY INDIVIDUALS Researchers are told that Chris Pearson impresses in an understated manner. He is "commercial and firm, but equally non-point-scoring," clients say. Robin Brooks acts for a prestigious list of clients, including BMW, Corus and Netcare. He advised the latter on the £2.2 billion consortium acquisition of General Healthcare Group. Paul Whitelock is complimented by clients for his expert knowledge of the Takeover Code. His standing in the market was recently underlined when he acted for Nestlé on the UK aspects of a USD3.7 billion acquisition of Kraft's North American frozen-food business. 

The firm continues to provide corporate advice to standout names in the media sector including M&C Saatchi, Warner Music, Warner Bros Home Entertainment and Universal Music. The team also wins instructions in the healthcare, retail and leisure sectors. Clients praise the Olswang team for its ability to "provide simple answers to simple questions."

Client Service "Down-to-earth, very responsive and hard working."

KEY INDIVIDUALS Simon Morgan specialises in providing advice to the media, professional services and financial services sectors. He recently represented BBC Worldwide in the £97 million sale of a 50% stake in the Animal Planet channel to Discovery. Stephen Hermer also focuses on advising clients in the media and technology sectors. In the past year he acted on the £99.9 million recommended takeover of Shed Media.

Clients appreciate the "excellent partner-level quality of the team" as well as the "responsiveness and quick turnaround times." Recently the team has been involved in a number of significant deals, including advising The Carphone Warehouse Group on the £2 billion demerger of its fixed line telecoms and retail and distribution businesses. Other clients include French Connection, Toni and Guy International, Eurostar Group and Tribal Group. Clients say the practice "doesn't spend time fighting non-significant points" and is "good at understanding the risks involved in each deal."

Client Service "We can't fault them on their client care. Training events are first class. Receptive and responsive to any criticism we may have."

KEY INDIVIDUALS Adrian Bott has particular expertise in advising the digital and mobile communications sectors. His clients include Talk Talk and Investec Bank. Tim Birt represents clients on a variety of corporate transactions from M&A to flotations and development capital. He often advises clients in the media and marketing services sectors. Jonathan King is deemed "a commercial, unpretentious lawyer who works well with the other side." As "an effective spokesman and advocate," Kalpesh Tanna is "flexible in accommodating his clients' needs" and stands out for "thinking like a businessman as much as a lawyer." Associate Mathias Loertscher "exhibits excellent client skills and definitely punches above his weight," sources say. Paul Cooper is described as "a proactive and practically minded lawyer who gets things done."

Clients value the pragmatism of the team at Pinsent Masons and draw attention to the excellent depth of its ranks. It recently represented a group of Chinese investors over taking a USD185 million stake in AIM-quoted Oxus. The firm also represented Hollowent on its USD114 million cash offer for Euronext-listed NR Nordic and Russia Properties. According to feedback, the team "pulls out all the stops when the need arises."

KEY INDIVIDUALS Gareth Edwards often advises high-profile entrepreneurs and has broad experience in the leisure, retail and renewable energy sectors. Jon Harris impresses clients with his pragmatism and work rate. "He is easygoing and calm even in tense moments, and very much looking out for our best interests," clients say.

Clients describe this group as a "high-calibre, professional and caring team with wide capabilities." In the past year it has advised Redefine Group on the £106 million acquisition of a hotels portfolio from Splendid Hotels Group. Other clients include Manchester United, Barclays Private Equity and AMEC. The group's "excellent all-round knowledge and negotiating abilities" are the subject of high praise.

KEY INDIVIDUALS Gregg Davison is well versed in the private equity market and recommended for his "solutions-driven approach." Stephen Levy is recognised as "a strong negotiator with good technical skills." "He is great to have on your side," clients say.

Clients have been impressed not only with the team's expertise, but also its "understanding of differences between the typical US and UK transaction," as well as "its practical solutions to problems and roadblocks.” The outfit advises such clients as L’Oréal UK, Microsoft and Tate & Lyle.

Commercial Awareness "They can see the woods for the trees and not get hung up on minor issues in complex transactions." 

KEY INDIVIDUALS James Wilkinson is the head of the team.

The team has remained active over the past year, particularly in the media and technology, projects and insurance sectors where the firm boasts significant experience. Members of the team are also singled out for their handling of reputational risk. Satisfied clients attest that "they understand there is always more than one way of skinning the proverbial cat in coming up with creative solutions." The group counts Daily Mail Group and Western Coal among its clients.

KEY INDIVIDUALS Tim Anderson advises on corporate deals in the media and technology sector. His expertise includes an understanding of the purchase and sale of websites.

Salans is praised for its work on multi-jurisdictional deals involving countries across CEE. In the past year the team acted for the sellers and the management of Encore Tickets in a private equity-backed £20 million management buyout. The team's other clients include AG Capital, African Medical Investments and Sable Mining Africa. Sources appreciate the team's supportive presence throughout the course of a transaction, where it "always outlines helpfully the risks associated with every move."

KEY INDIVIDUALS Paul Salmon "makes deals happen by being sensible and flagging up all the risks associated with a transaction." He assists on a wide array of concerns from issuing securities to M&A and joint ventures.  

This corporate practice remains highly active across its key sector core, which includes advising clients in the financial services, technology, life sciences and energy and infrastructure industries. Representing Telefonica Europe on the £158.8 million sale of Manx Telecom was a key recent mandate. New client wins include Morgan Stanley, Cheung Kong Infrastructure Holdings and NBC Universal.

KEY INDIVIDUALS Edward Baker is praised for "consistently delivering good advice over a number of years." His clients include Morgan Stanley, Ernst & Young and several hedge funds.

The firm's offering remains an ideal choice for both high-end and mid-market deals. The London team has participated in a number of cross-border transactions including the closing of Amcor’s USD2 billion acquisition of Rio Tinto Alcan. It is also very active on acquisitions and disposals in the corporate real estate sector where it advises such clients as The Crown Estate, Westfield Group and British Land.

Commercial Awareness "With their ability to think outside of the box and push each deal forward, we regard this firm as a real alternative to the magic circle."  

KEY INDIVIDUALS Michael Goldberg is singled out for "his sensible and pragmatic approach." His client roster includes Delancey, Colliers CRE, Wichford, Heron and Brockton Capital.

Skadden climbs the rankings in recognition of its strong focus on high-value, cross-border corporate transactions. The team is particularly known for completing deals in the telecoms, media and technology sectors. Recent highlights include acting for the board of Portugal Telecom SGPS in a EUR7.5 billion bid by Telefónica for the client's 50% stake in Vivo Participacoes. Clients underline the practice's understanding of their business needs as a real boon, noting its "commerciality is spot on - they would even raise issues that we had overlooked."

Client Service "Their client service is absolutely brilliant. They know that small things make a difference, down to making sure we all had cabs to take us home after a day of negotiations." 

KEY INDIVIDUALS "A man of incredible intellect and amazing energy," Michael Hatchard advised News Corporation on its aborted USD11.5 billion proposed acquisition of the remaining shares of British Sky Broadcasting Group. Described as "one of the most effective, thoughtful and best connected legal professionals in this field," Scott Simpson is highly regarded for "his ability to combine a thorough command of the facts, legal frameworks and a sense of creativity" to "deliver solutions where others would find only problems." John Adebiyi brings a wealth of experience to advising such clients as Validus Holdings and News Corporation. "He is a focused problem solver," clients say. Adrian Knight is a trusted adviser who "has helped us to negotiate highly favourable deals," clients emphasise. In the past year he advised Emerson Electric on its USD1.5 billion acquisition of Chloride Group. Shaun Lascelles is commended as being "understated, hardworking" and armed with "brilliant negotiating skills."

Clients describe this practice as "head and shoulders above the competition for faultless client service, in-depth market knowledge and providing a team with incredible intellect." The team continues to win starring roles in the biggest corporate deals across all sectors. Recent highlights include advising the board of Liverpool Football Club on its acquisition by New England Sports Ventures and acting for British Airways on its merger with Iberia, a move that created one of the world’s largest airlines. Its enviable client roster includes Cadbury, Greencore, Santander UK and Prudential. "To describe them as first rate is to undervalue them - they are really that good," says one interviewee. "They are never patronising and deliver exactly what they promise," another source adds. Up-and-coming partner David Watkins has played a significant role in the team over the past twelve months and has recently located to Hong Kong, further strengthening the ties between the two offices.

Commercial Awareness "They can identify an issue and propose a solution before it becomes a problem. I am yet to see anything they can't find a commercial solution to."

KEY INDIVIDUALS Feedback confirms that Nigel Boardman has a near unparalleled reputation in the City as "a real high-end corporate player who brings confidence and experience to the table." Team leader Stephen Cooke, meanwhile, is "knowledgeable, down-to-earth and able to explain the Takeover Code to anyone." Frances Murphy represents large corporates and investment banks in high-profile transactions. Her highlights include advising Santander UK on its agreement to acquire parts of the Royal Bank of Scotland Group. Charles Randell is considered to be "a fantastic adviser" when it comes to matters involving public sector and energy-related matters. William Underhill is appreciated by clients for "the clarity of his advice, as well as the creative and commercial solutions he comes up with in tricky situations." Jeffrey Twentyman is regarded as "easy to deal with and highly commercial." He advises both corporate institutions and private equity clients on a range of matters from acquisitions and disposals to joint ventures, mergers and public investments. Andy Ryde is lauded as "an absolutely outstanding, incredibly responsive and brilliant technical lawyer." David Johnson is deemed a "great technician" and brings extensive experience in both public and private M&A transactions and equity financing. Christopher Saul is described as "terrific with clients" and specialises in corporate finance, private equity and securities transactions. Gary Eaborn is considered to be "very creative in finding solutions," especially in relation to M&A transactions, takeovers and corporate finance. Robert Stern advises a broad spectrum of clients, from larger listed and unlisted companies to investment banks and smaller organisations. Kathy Hughes, meanwhile, worked for Resolution on the £2.75 billion acquisition of the AXA UK Life Business. Simon Nicholls advises such clients as Ashmore, Diageo, GlaxoSmithKline and Whitbread. John Papanichola represents private and public companies on M&A matters. In the past year he acted for Greencore on a proposed merger with Northern Foods. Oliver Wareham has significant corporate experience advising UK and international clients from the insurance, building society and asset financing sectors on a wide range of transactions.

Clients praise this firm's experience of the media, energy and banking sectors and see its recently added US capacities as a "huge plus" to the services offered. Recent key highlights include advising LAP Green on the USD257 million purchase of a majority stake in phone operator Zamtel from the Zambian government. Other clients include Virgin, Nokia, Sainsbury's and Sumimoto.

Client Service "I like their non-confrontational and collaborative style. Their business-mindedness and practical approach to problem solving is also a rare quality." 

KEY INDIVIDUALS Jeremy Cohen impresses clients by "understanding the commercial implications of a deal and not being overly legalistic." The highlight of his work was advising AIM-listed payment services processor Datacash on a recommended £333 million takeover by MasterCard/Europay.

The firm is praised for providing commercial advice on mid-market and smaller M&A deals. The corporate team stands out for its experience in advising clients in the financial services sector, where it acts for such names as Execution Noble and Ecclesiastical Insurance. Other clients include Bouygues, Cable and Wireless Worldwide and Vedanta Resources.

KEY INDIVIDUALS Tom Shaw is head of the corporate finance team.  

This recently merged outfit is praised for the "extensive experience and business-savvy advice" it provides to a variety of clients, from publicly quoted organisations to private equity houses and privately run companies. In the past year the team advised Football Investments on the sale of Leicester City Football Club to Asia Football Investments. According to feedback, the team earns acclaim for "really knowing how to look after people."

KEY INDIVIDUALS Nick Allen is singled out for "his robust negotiation skills and a diplomatic approach" that helps "deals to progress smoothly."

With its American connections, this recently merged firm is well placed to serve international businesses based in, or looking to acquire assets across, the North West. Notable highlights include advising Montagu Private Equity on the £280 million sale of Survitec to Warburg Pincus. It also represented INEOS over the sale of INEOS Fluor to Mexichem for a consideration of £220 million.

KEY INDIVIDUALS Jane Haxby advises on all aspects of corporate finance with particular emphasis on M&A and equity capital markets. She also provides advice on corporate governance. Darren Warburton has a particular specialism in representing manufacturing companies across a range of corporate issues.

Clients highlight the high quality of the team's output as well as its "grounded and collaborative approach." In recent months the group completed a number of M&A deals in the oil and gas, pharmaceuticals and financial services sectors. Highlights include representing GDF SUEZ in relation to the acquisition of the Utilicom Group. Clients are quick to underline the group's "tenacity" and ability to "spot specific issues on a deal." One source adds that "nothing falls between the cracks."

KEY INDIVIDUALS Ben Mercer provides advice on an array of corporate matters to international quoted and unquoted companies, private equity houses and management teams.

Sullivan & Cromwell's London office continues to grow and so does its reputation. Clients describe the team as "full of talented people who are always very proactive and committed to getting good results." The group's involvement in large-scale transactions is underlined by its role as EU and US counsel to BP in the sale of a USD7.1 billion stake in Pan American Energy. The team's client portfolio also includes such names as Fiat, BP, Diageo and Goldman Sachs.

Client Service "Richard Morrissey is terrifically knowledgeable and knows exactly what his clients want."

KEY INDIVIDUALS Tim Emmerson is highly respected in the legal community. He attracts instructions to deal with high-profile corporate matters such as advising Goldman Sachs PIA in the joint USD1.2 billion purchase of Ontex. Richard Morrissey is valued by clients for "his proactive approach, great service and insightful comments." He provided assistance to BP in the divestment of its stake in Pan American Energy.

This expanding team continues to gain popularity as a mid-market M&A adviser. Clients describe the team as being "strong communicators" and "extremely good at finding what the commercial objective is." In the past year the team advised several well-established clients including businessman Alexandre Gaydamak, who practitioners represented in connection with the sale of Portsmouth Football Club. The team also represented Highland Spring Water in the purchase of a water business from Greencore.

Client Service "Their availability and liaising over billing has been first class."

KEY INDIVIDUALS Martin Winter acts for a range of listed and privately-held companies on M&A and joint venture work. He has strong experience of leveraged private equity transactions. Peter Kempe is described as being "as adept at dealing with the detail as he is with really complicated issues." 

Clients comment that the firm works "exceptionally hard" and offers the services of partners with "great intellect." The corporate team has been involved in a number of high-profile deals including advice to a consortium of leading investment banks on the merger of trading platform Turquoise with the LSE. It also successfully represented Blacks Leisure against a hostile takeover approach from Sports Direct, and advised Peel Group on its partial divestment of a stake in Liverpool John Lennon Airport and equity investment in the Trafford Centre in Manchester.

Commercial Awareness "On average the guys at Travers are highly commercial and this is how they differ from their peers. They are able to advise on how to deal with issues, find solutions to those issues and look at risks."

KEY INDIVIDUALS Spencer Summerfield is "fun to work with," "bright" and offers "a good mix of commercial and legal understanding," clients comment. Others say "his negotiating skills are some of the best we've seen." Chris Hale is praised for his significant experience in mid-market buyouts. Client also value the fact that he helps them with "making business introductions and unlocking opportunities." Philip Cheveley advised 3i Infrastructureon in its acquisition of a 49.9% stake in Elgin Infrastructure for £39 million. Interviewees recognise that Andrew Gillen is "unflappable even whilst under fire from the other side" and his advice is "sound, timely and clearly communicated." Richard Spedding represented Intec Telecom Systems on its £236.7 million takeover by CSG Systems International. Lucinda Bowman is considered to be a rising star. "She is diligent and hard working and can talk a layman though anything," say her clients.

The firm is particularly well known for its work on transactions with a Middle Eastern or cross-border flavour. It has recently advised on a number of deals in the naturals resources sector, including acting for AIM-listed Western Coal on the £56 million takeover of Energybuild Group via a scheme of arrangement. It also assisted Currie & Brown Group on the sale of its Australian consultancy to AMEC.

KEY INDIVIDUALS Charles Wilson provides advice on a range of corporate matters within the natural resources, care, leisure, outsourcing, technology and media sectors.

The firm is a strong performer when it comes to big global transactions, particularly those with an American component. Sources are impressed by the high level of advice provided by partners as well as its strong team of associates. The team's recent highlights include advising Home Delivery Network on the acquisition of DHL Domestic from Deutsche Post. Other clients include GE Capital, Advent International and Associated British Food. Sources make clear their appreciation for the team "really making an effort to respond quickly to any queries."

KEY INDIVIDUALS Michael Francies is deemed "a bright, commercially minded lawyer who understands the issues facing his clients very well." His client following includes Avista Capital Partners and Lion Capital. Peter King recently advised on the combination of Swett & Crawford and Cooper Gay. His other highlights include advising on the privatisation of Tauron Polska Energia and a flotation of Polish insurance giant PZU on the Warsaw Stock Exchange. According to sources, Ian Hamilton is a "solutions-oriented lawyer who keeps a strong watch over transactions." John Newton, meanwhile, is felt to be "an exceptionally knowledgeable problem solver" with "a great demeanour in front of clients."

The vast majority of the transactions completed by this firm's London office have an international flavour to them. Practitioners can tap into the firm's US expertise and the White & Case name is highly regarded among clients in the financial services sector. The team has an impressive track record for handling corporate deals in the energy sector, where it continues to attract such names as Petrosaudi, TNK BP and Afren. Sources say one strand to the team's success lies in "concentrating on the commercial aspects of a transaction, rather than losing itself in theoretical concepts."

KEY INDIVIDUALS Philip Broke injects an understanding of flotations, corporate transactions and joint ventures. According to feedback, he is "technically excellent, highly intuitive in terms of deal dynamics and good at understanding strategic game play." Gavin Weir recently joined the firm from Simmons & Simmons. He was instructed by Veolia Water to deal with aspects of the £174 million acquisition of United Utilities' businesses in the UK, Poland and Bulgaria.