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Clifford Chance LLP

London

Clifford Chance LLP - London
  • 10 Upper Bank Street
  • Canary Wharf
  • London
  • Greater London
  • UK
  • E14 5JJ
  • Tel:020 7006 1000
  • Fax:020 7006 5555
  • Email:Contact Us
  • Web:Visit website
  • Managing Partner: David Childs
  • Senior Partner: Malcolm Sweeting
  • Number of partners: 576
  • Number of fee-earners: 3360

Firm Overview: Clifford Chance is one of the world’s pre-eminent law firms with significant depth and range of resources across five continents. As a single, fully integrated, global partnership, the firm prides itself on its approachable, collegiate and team based way of working. Clifford Chance always strives to exceed the expectations of its clients, which include corporates from all the commercial and industrial sectors, governments, regulators, trade bodies and not for profit organisations. The firm provides the highest quality advice and legal insight.

Main Areas of Practice:
Capital Markets:

The capital markets practice comprises over 420 partners and lawyers who concentrate on securities transactions and other products sold into the capital markets. The practice is founded on a full-service US and UK securities law capability, complemented by local securities law expertise in each of the key financial centres. It provides practical, integrated legal advice covering the full spectrum of global capital raising activities including public and private domestic and international offerings of traditional debt and equity securities as well as convertible and other derivative and structure securities.

Corporate:
The corporate practice, which comprises over 790 partners and lawyers worldwide, provides clients with a single law firm that combines a market leading practice with specialist, local expertise. Its global transaction capability includes English, US and civil law expertise in the key financial centres across the UK, Europe, the Americas, Middle East and Asia-Pacific. The practice represents many of the world’s leading multinational and national corporations, financial institutions and sponsors on the largest and most complex transactions across the globe – from public takeovers, mergers and cross border acquisitions to strategic alliances, joint ventures, outsourcings and restructurings. The firm’s cross-border M&A experience is enhanced by a depth of sector expertise across financial institutions, energy and infrastructure, TMT, insurance, healthcare, private equity, real estate, funds and investment management, industrials, consumer goods and retail and transport and logistics.

Finance:
Clifford Chance’s finance practice, which comprises over 700 legal advisers worldwide, is the leading international finance practice of any law firm. The practice provides highly commercial and practical advice across the full spectrum of financial products including syndicated lending and leveraged and acquisition finance, asset finance, derivative products, project finance, financial regulatory, insolvency, restructuring and structured finance. It advises regulatory authorities, supranational bodies, governments and government agencies and actively helps to shape the market through working with market organisations to develop documentation, policy and best practice.

Litigation & Dispute Resolution:
The firm has a team of more than 470 litigators internationally and has experience in virtually all segments of the business and financial markets across multiple jurisdictions. The lawyers work with clients to resolve disputes efficiently and effectively – whether through arbitration, litigation or other techniques. They also work with clients to develop compliance programmes that minimise future litigation risks. The firm is currently representing clients in some of the largest and most significant actions, particularly in the areas of antitrust / competition litigation, white collar, regulatory, insurance, banking securities and international arbitration.

Real Estate:
Clifford Chance’s leading real estate practice offers UK, European, Asian and US real estate capability. Over 300 partners and lawyers worldwide advise the real estate industry’s leading players on the entire property ‘life-cycle’ from the initial acquisition, development, leasing, joint venturing and financing through to the final exit, as well as tax structuring, PFI/PPP, corporate outsourcing, planning, environment and litigation.

Tax:
Clifford Chance has one of the world’s largest international tax groups within a single law firm, with over 200 tax advisers worldwide. The firm is uniquely placed to provide leading edge advice to clients, and the practice is structured on an integrated global basis. Local tax groups within the practice work closely with areas such as securitisation, securities, M&A, corporate restructuring, private equity, real estate and funds. The pan-European VAT Group advises on all areas of VAT and has particular strength advising on novel and complex issues in the structured finance, financial services, corporate finance and real estate sectors.

Employment, Employee Benefits & Pensions:
Clifford Chance’s Employment, Employee Benefits and Pensions Groups comprises over 150 legal advisers worldwide. The teams of experienced employment, employee benefits, ERISA, immigration and pensions specialists work with clients from a wide range of sectors to address local and cross-border issues.

Offices: 

ABU DHABI: Tel: +971 2 419 2500

AMSTERDAM: Tel: +31 20 7119 000

BANGKOK: Tel: +66 2 401 8800

BARCELONA: Tel: +34 93 344 22 00

BEIJING: Tel: +86 10 6505 9018

BRUSSELS: Tel: +32 2 533 5911

BUCHAREST: Tel: +40 21 66 66 100

CASABLANCA : Tel: +212 52 013 2080

DOHA: Tel: +974 4491 7040

DUBAI: Tel: +971 4 362 0444

DÜSSELDORF: Tel: +49 211 43 550

FRANKFURT: Tel: +49 69 71 99 01

HONG KONG: Tel: +852 2825 8888

ISTANBUL: Tel: +90 212 339 0001

JAKARTA:* Tel: +62 212 988 8300

KYIV: Tel: +38 044 390 5885

LONDON: Tel: +44 20 7006 1000

LUXEMBOURG: Tel: +352 48 50 50 1

MADRID: Tel: +34 91 590 75 00

MILAN: Tel +39 02 806 341

MOSCOW: Tel: +7 495 258 5050

MUNICH: Tel: +49 89 21632 0

NEW YORK: Tel: +1 212 878 8000

PARIS: Tel: +33 1 44 05 52 52

PERTH: Tel: +61 8 9262 5555

PRAGUE: Tel: +420 2 22 555 222

RIYADH: Tel: +966 1 481 9700

ROME: Tel: +39 06 422 911

SÃO PAULO: Tel: +5511 3049 3188

SEOUL: Tel: +822 6353 8100

SHANGHAI: Tel: +86 21 6335 0086

SINGAPORE: Tel: +65 6410 2200

SYDNEY: Tel: +61 2 8922 8000

TOKYO: Tel: +81 3 5561 6600

WARSAW: Tel: +48 22 627 1177

WASHINGTON DC: Tel: +1 202 912 5000

*Linda Widyati & Partners in association with Clifford Chance

Branches

General Business Law - Barcelona

What the team is known for Works in close collaboration with the firm's Madrid and London offices to handle complex corporate matters. Active in a variety of sectors including banking, energy and infrastructure.

Strengths (Quotes mainly from clients)
"The team is pretty close to perfection. We wouldn't look elsewhere, because it has such high standards."

"It offers a fantastic service." 

Work highlights Advised The Carlyle Group on the disposal of its EUR61 million stake in Orizonia Travel. 

Notable practitioners 

Jaime Velázquez is the managing partner of the Barcelona and Madrid offices.

Significant clients CaixaBank, Gas Natural, Pfizer, Samsung Electronics, Nestlé Nespresso.  

Banking & Finance - Belgium

Basic facts about the department
- 3 partners
- 8 other qualified lawyers

What the team is known for Strong presence on the market for complex transactions, acting for a broad base of clients on both the lender and borrower sides. Noted for high-profile acquisition finance, project finance and DCM expertise, as well as top-tier regulatory knowledge.

Work highlights Assisted BNP Paribas Fortis and the other mandated lead arrangers with the complex restructuring of Balta, which involved a number of subsequent M&A transactions. 

Advised EDF Investissements Groupe on the financing of the construction and operation of a wind power electricity generation project, the Lac Alfred Project, co-owned by EDF and Enbridge. The transaction involved lawyers in the Brussels, Paris and Rome offices. 

Notable practitioners  

Bert De Maeyer receives praise for his ability to facilitate finance transactions: "He knows how to manage everything and how to create a good deal for both sides." Another interviewee comments: "He is pragmatic and firm, but also calm and quietly positive. He sticks to the issues that are of most importance."

Lounia Czupper is described as "an excellent technical lawyer, and one of the key individuals for finance transactions." She is highlighted for her expertise in securitisation and the sale of receivables.

Significant clients BNP Paribas Fortis, Citibank, KBC, Rabobank. 

Competition/European Law - Belgium

Basic facts about the department
- 6 partners 
- 19 other qualified lawyers

What the team is known for Handles complex domestic and EU competition matters for leading corporate clients. Strong choice for pan-European projects and investigations, drawing upon a team spread across a number of key member state jurisdictions. Active in sectors including financial services, IT, energy, pharmaceuticals and consumer goods. Provides assistance on high-profile state aid matters.

Strengths (Quotes mainly from clients)
"The team's key strength is an ability to facilitate complex cross-border M&A deals that include multiple merger control filings, in combination with a deep knowledge of our business."

"The partners had excellent knowledge of the matter and were the backbone of the file."

"Our lawyers provide documents, arguments and strategy of an excellent quality." 

Work highlights Advised Citigroup on the complex competition aspects of its acquisition and subsequent resale of EMI Recorded Music and EMI Music Publishing.

Advised the Belgian government on European Commission state aid cases relating to interventions in the financial services sector, specifically assistance provided to Dexia and Belfius.

Notable practitioners  

Renowned expert Thomas Vinje chairs the firm's global competition and technology groups, and has long been considered one of Brussels' best-known practitioners. One interviewee states: "He is our guy globally, and we would not consider using anyone else."

Oliver Bretz is praised for his international competition practice, as well as for his public policy work. Clients say: "He is very bright and identifies the key problems at an early stage, providing commercial and pragmatic advice." 

Tony Reeves is commended for his experience of major merger mandates before the European Commission and the UK competition authority. Sources say he is "frank about the realities of the situation, and creative when addressing issues."

Significant clients Kone, Oracle, Pfizer, Samsung, Amazon, International Paper.  

Corporate/M&A - Belgium

Basic facts about the department
- 2 partners
- 12 other qualified lawyers

What the team is known for Advises on the full range of M&A transactions and related matters, such as private and public takeovers, squeeze outs and LBOs. Experience of industries including energy and utilities, real estate and insurance. Broad portfolio of domestic and international clients. 

Strengths (Quotes mainly from clients)
"We do not use the team for the easy projects, but the complex ones that need a quick reaction."

"It is an impressive firm with excellent resources."

Work highlights Advised I.R.I.S. on its takeover by Canon Europa.  

Assisted Chequers Capital with its sale of a minority stake in TCR Group to Florac, a French investment company.

Notable practitioners 

Philippe Hamer receives effusive praise from clients for his ability to facilitate successful negotiations: "He is calm, optimistic and has a great sense of humour. He is always trying to understand what kind of situation is win-win." A number of interviewees also cite his ability to develop a deep understanding of the client's business.  

Xavier Remy has broad M&A experience, and is additionally noted for his expertise in areas including tax and labour law. He is described as a "credible and respected consensus builder who is able to guide discussions."

Significant clients Publigas, Publi-T, The Belgian State, Morgan Stanley. 

Employment - Belgium

Basic facts about the department
- 1 partner
- 4 other qualified lawyers

What the team is known for Compact team that handles significant employment mandates for domestic and international clients, including employee transfers, dismissals, restructurings, outsourcing and senior management issues. Also advises on pensions, most notably pan-European pension funds. 

Work highlights Advised Pregis on a collective dismissal in its Belgian production facilities.

Assisted Total and Chevron with the restructuring of their Belgian joint venture, Arteco.

Notable practitioners

Xavier Remy is a key contact for employment work at the firm.

Significant clients Chevron, Nokia, Nordion, Pregis, Total.

Energy & Natural Resources - Belgium

What the team is known for Highlighted for its expertise in the energy sector, most notably in regulatory, corporate M&A, project finance and debt capital markets. Assists important market clients, including the electricity and gas transmission network operators and federation of distribution grid operators. A strong choice for European law matters, including the implementation of the third energy package.

Work highlights Advised Elia, its controlling shareholder Publi-T and its minority reference shareholder Publipart on the certification process with the European Commission to demonstrate compliance with the total ownership unbundling regime.

Advised Ores, a distribution systems operator in Walloon, on the grid tariff imposed by the CREG following the third package directive.

Notable practitioners  

Xavier Remy is highlighted by sources for his corporate energy practice, and his representation of the distribution network operators in Flanders. "He delivers excellent quality," sources say.

Significant clients Eandis, Eneco, Fluxys, Publi-T, Publigas.

Real Estate - Belgium

Basic facts about the department
- 3 partners
- 3 other qualified lawyers

What the team is known for Exceptional team that is often involved in the biggest real estate deals in Belgium. Especially well regarded for its top-flight real estate finance and tax capabilities. Its remarkable client roster includes leading global financial institutions and funds.

Strengths (Quotes mainly from clients)
"We always receive excellent advice in a short timeframe and the lawyers are really proactive."

"The real estate tax department is regarded as the best in Belgium by a long way."

Work highlights Advised Breevast on the sale of its shares in the 80,000 sq m BelAir project in Brussels to Hannover Leasing and a major Asian institutional investor.

Acted for Morgan Stanley on the EUR78.5 million sale of the landmark Blue Tower in Brussels to Befimmo.

Notable practitioners  

Sources confirm the position of Henri d'Ursel as a leading figure in the market. He advises on many of the highest-profile asset deals in Brussels, and clients find him excellent to work with: "He's responsive, efficient and has a keen legal mind. He comes up with creative solutions and proposals," say interviewees.

Thierry Blockerye focuses on the tax aspects of major real estate deals, winning high acclaim for his strong expertise and business-minded approach: "He's very deal-focused and experienced - really the star tax guy," say sources.

Significant clients Breevast, Goodman, Allianz, Union Investment, IVG.

Tax - Belgium

Basic facts about the department
- 1 partner
- 3 other qualified lawyers

What the team is known for Particularly strong capabilities advising major banks and financial institutions on M&A and financial tax matters, including financial products and structured finance. Strong skills on corporate tax advisory and international tax structuring. Also specialised in real estate tax matters, including fund structuring, distressed deals and share schemes.

Strengths (Quotes mainly from clients)
"I highly appreciate the professionalism and expertise of the team on M&A tax issues."

Work highlights Assisted a major financial institution with its takeover of the EUR300 million loan portfolio of KBC Bank.

Advised joint venture partners Breevast and Immobel on the tax aspects of their sale of RAC, owner of the Rijksadministratief Centrum building in Brussels.

Notable practitioners  

Department head Thierry Blockerye has an excellent reputation for real estate tax matters, and recently advised the joint venture partners Breevast and Immobel on their sale of RAC, one of the largest real estate transactions in Brussels. His other significant real estate projects include advising on the Blue Tower and the South Gate building.

Significant clients Abu Dhabi Investment Authority, BNP Paribas, JPMorgan, Morgan Stanley, VMMA.

Banking & Finance - Central & Eastern Europe

What the team is known for A dominant figure in banking and finance throughout the CEE region. Represents a wide range of international banks and private equity houses in high-value deals. Key offices include Ukraine, Russia, Romania, the Czech Republic and Poland. Noted for its English law knowledge and strong links to London, and its comprehensive expertise in acquisition finance and debt restructuring. Complemented across the region by its substantial capital markets prowess. Advises across a broad scope of sectors, including shipping, mining and manufacturing.

Strengths (Quotes mainly from clients)
"The lawyers are practical, quick and efficient to deal with."

Work highlights Assisted Ciech with its complex financial restructuring, providing US, English, Polish, German and Romanian legal advice.  

Advised a consortium of banks on the complex debt restructuring of Polish construction company Polimex-Mostostal, valued at approximately PLN2 billion.

Notable practitioners

Daniel Badea is practice head in Bucharest, and Jared Grubb and Logan Wright fulfil the same role in Kyiv and Moscow respectively. Vlad Petrus is the Prague managing partner, and Grzegorz Namiotkiewicz leads the Warsaw office.

Significant clients Citibank, Crédit Agricole, Deutsche Bank, Erste Bank, European Investment Bank.

Corporate/M&A - Central & Eastern Europe

What the team is known for Top-tier corporate offering with an array of formidable offices across CEE, including in Poland, the Czech Republic, Russia and Ukraine. Noted for its English law prowess in the region, with many deals driven by its London office. Represents top players in a variety of sectors, such as mining, private equity, brewing and pharmaceuticals. Market commentators also highlight its deep-rooted presence in South Eastern Europe as well as its active coverage of central Europe.

Strengths (Quotes mainly from clients)
"There is no question that it is a significant player across CEE."

Work highlights Assisted Aviva with the multimillion-euro sale of its pension and life insurance businesses in various countries, including the Czech Republic, Hungary and Romania.

Represented Shell International in its USD100 million acquisition of Neste's Polish petrol station business.

Notable practitioners

Alex Cook co-heads the Prague corporate practice and is supervising partner of the Slovak desk; David Koláček is the other Prague department head. Nick Fletcher and Agnieszka Janicka are Warsaw-based corporate partners, and Nicholas Rees is a key corporate partner in Russia.

Significant clients Euro-Druckservice, GeoProMining, Global Infrastructure Partners, Mondelez International, Pfizer. 

Projects - Central & Eastern Europe

What the team is known for Dominant firm in the CEE energy and infrastructure market. Fêted by market commentators for its powerful energy financing practice, and viewed as a top performer across the conventional, nuclear and renewable sectors. Represents a range of top-name clients, including financial institutions and investment funds, in significant infrastructure mandates and privatisations.

Strengths (Quotes mainly from clients)
"Clifford Chance is very active in the market. It has the advantage of a large roster of international clients."

Work highlights Advised Czech Coal Group on a landmark 50-year coal supply contract with ČEZ, which includes the potential future acquisition of ČEZ's Počerady power plant.

Assisted PKN Orlen with its first public issuance of retail bonds.

Notable practitioners 

Nikolaï Eatwell specialises in project finance and is based in Paris. Vlad Petrus heads the projects and energy group in Prague. Daniel Badea and Jared Grubb are key partners in Bucharest and Kyiv respectively.

Significant clients LOTOS, Energa, GPDH, IC Power, RWE.

Banking & Finance - Czech Republic

Basic facts about the department
- 1 partner
- 10 other qualified lawyers

What the team is known for A top international player endorsed for its global network and high level of quality. Regarded as prominent in the energy sector. Strengthened by strong links to the insolvency team and a growing presence on export financing projects. 

Strengths (Quotes mainly from clients)
"We consider the team to be friendly, creative and flexible." 

"We had quite a tricky transaction and the team really helped us a lot - the lawyers were very good."

Work highlights Advised Erste Group and Komerční banka on a EUR59 million structured acquisition financing to purchase and refinance Primus.

Assisted Riverside Europe Partners with a cross-border acquisition finance for a majority stake in Bohemia Interactive Simulations.

Notable practitioners

Managing partner Vlad Petrus is recognised for his work on acquisition and project financings, and regularly advises on the lender's side. His cross-border experience includes numerous matters in the CEE region and his expertise extends to capital markets and arbitrations. 

Clients say Miloš Felgr "really stands out, as he is well established with the banks and ensures the whole process runs smoothly." Another client praises his "flexibility - he was available almost anytime we needed." He routinely advises on loan and security documentations.

Significant clients Citibank Europe, Erste Group, HSBC, KKCG, UniCredit. 

Capital Markets - Czech Republic

Basic facts about the department
- 1 partner
- 10 other qualified lawyers

What the team is known for Comprehensive practice covering all capital markets areas. Commendable knowledge in derivative transactions, especially concerning emissions trading. Enviable client roster includes domestic and international banks, industry associations and companies in the TMT sector.

Work highlights Advised Barclays Capital Services, acting as a joint manager, on the tap drawdown by the Czech Republic under its EUR10 billion EMTN programme.

Instructed by UniCredit on a share buy-back programme for Telefónica Czech Republic.

Notable practitioners

Vlad Petrus operates in this area as part of a wide-ranging financial practice. His clients include several domestic and international banks, and he recently advised the Futures & Options Association on netting and collateral matters in the Czech Republic.

Martin Glajch is well respected for his expertise in capital markets and is also adept in financial services regulation.

Significant clients Česká spořitelna, KIT Digital, MND, NGAM, Raiffeisenbank.

Competition/Antitrust - Czech Republic

Basic facts about the department
- 2 partners
- 5 other qualified lawyers

What the team is known for Highlighted for its merger approval practice and for its work on projects in the energy sector. Handles unfair competition and abuse of dominant position mandates. Noted for its regional ability and links to the firm's Brussels office.

Work highlights Represented Globula, a joint venture between MND and Gazprom Germania, before the General Court of the EU in Luxembourg in a case concerning a temporary exemption from the obligation to provide negotiated third party access to a planned large underground gas storage facility in Dambořice.

Acted for Litvínovská uhelná on a merger clearance proceeding before the Czech Competition Office for the acquisition of power plant Elektrarna Chvaletice from CEZ.

Notable practitioners

Petr Zákoucký is lauded for his participant-focused approach to projects. Clients appreciate that "he communicates very clearly and possesses great knowledge of antitrust law," whilst sources commend him for "wanting to get the deal done as efficiently as possible."

Significant clients Atomstroyexport, Czech Coal, KKCG, L'Oréal, Zoetis.

Corporate/M&A - Czech Republic

Basic facts about the department
- 2 partners
- 13 other qualified lawyers

What the team is known for An international powerhouse with particular strength in M&A, corporate advisory and regulatory issues. Strong track record in advising Czech and multinational clients on domestic and international transactions. Particularly noted for activity in the pharmaceutical field. 

Strengths (Quotes mainly from clients)
"The team is very commercially oriented and versatile. It can cover a large number of legal issues on a project whilst at the same time maintaining a feel for what is important for our business."  

"The team invests time to really try to understand us and our objectives."

Work highlights Advised Czech Coal on the negotiation of a 50-year coal supply contract with ČEZ. The agreement included an option to purchase the Počerady power plant from ČEZ in the future.

Represented RWE Supply & Trading in an asset swap transaction with Macquarie Infrastructure and Real Assets in the gas sector.

Notable practitioners

David Koláček "is brilliant on the relationship side," note market observers, who also praise his negotiation skills. Sources say: "He is great to have on deals as he's an extremely nice and smart lawyer; it's a pleasure to work with him." He led the team assisting RWE Supply & Trading with an asset swap transaction.

CEE expert Alex Cook "is a very experienced senior lawyer," say clients, who add: "When it comes to a difficult situation with serious issues that require high-level decision-making, he is the man. He is always able to negotiate and clarify positions, and he really gets involved with the demanding and difficult decisions."

Significant clients ČEPS Invest, EMMA CAPITAL, Litvínovská uhelná, MND Group, Pfizer. 

Private Equity - Czech Republic

Basic facts about the department
- 2 partners
- 13 assistants

What the team is known for Well known for involvement in high-profile and international mandates, in which the team is supported by the firm's network. Active in the full range of private equity work, including mergers and acquisitions, takeovers and financings.

Work highlights Led the cross-border team that assisted Emma Delta with its EUR712 million bid for a controlling stake in the Hellenic Football Prognostics Organization.

Advised KKCG on its acquisition of the remaining 50% stake in SAZKA.

Notable practitioners

Co-head of the firm's corporate practice, Alex Cook remains active on private equity mandates. He recently advised the Riverside Company on its acquisition of a majority stake in Bohemia Interactive Simulations through its European fund.

Significant clients Global Infrastructure Partners, Innova Capital Partners, MND Group, RWE.

Projects - Czech Republic

Basic facts about the department 
- 4 partners

What the team is known for Maintains a towering reputation for energy work and acts on high-profile projects in the gas, oil, electricity, coal and water sectors. Handles corporate, finance, dispute and competition matters. Particularly strong advising on outbound investments.

Work highlights Acted for Vršanská uhelná on the negotiation of a coal supply contract with ČEZ, including an option to acquire a power plant from ČEZ.

Advised Severní energetická on the acquisition of an 800 MW lignite power plant from ČEZ. This involved obtaining antitrust approval.

Notable practitioners  

Senior associate Petr Zákoucký is highly regarded for his energy expertise. In a recent highlight, he assisted Global Infrastructure Partners with its attempted joint bid with Fluxys for Net4Gas.

Significant clients BPD, ČEPS Invest, ČSOB, MND Group, RWE.

Real Estate - Czech Republic

Basic facts about the department
- 1 partner
- 11 other qualified lawyers
- 1 tax adviser

What the team is known for Exceptional team often involved in the market's biggest deals, advising on planning, development, investment and financing mandates. Highlighted for acting for both landlords and tenants on industrial, retail and office leases, and active on transactional matters.

Strengths (Quotes mainly from clients)
"The team is excellent for high-quality transactional work, whilst the prices are surprisingly acceptable for such a firm." 

Work highlights Acted for Aberdeen Asset Management on the sale of The Park office development in Prague.

Assisted Union Investment with the sale of the Trianon office building located in Prague.

Notable practitioners  

Emil Holub "is number one in the market," say sources, who call him "an excellent lawyer." Clients say: "He is a good negotiator who really understands both the needs of the client and the commercial background of a deal."

The "focused and intelligent" Lubomír Bartál wins praise for his work on development projects. Of late he has been advising bpd partners on the greenfield development of the office building The Blox.

Significant clients Goodman, NBGI Private Equity, Pramerica Real Estate Investors, Skanska Property, Union Investment Real Estate.

Restructuring/Insolvency - Czech Republic

Basic facts about the department 
- 2 partner
- 10 other qualified lawyers

What the team is known for Heavyweight team regularly involved in high-profile restructuring and insolvency cases. Particularly strong on projects involving the post-commencement financing of insolvent companies. Maintains close links with the firm's corporate, banking and real estate teams.

Strengths (Quotes mainly from clients)
"The team is absolutely excellent and is the number one on the market."

"It is always a pleasure to work with the team as we know what to expect; a correct and experienced approach to projects and a strong knowledge of insolvency law."  

Work highlights Advised KKCG as the post-commencement financier and potential bidder on the insolvency proceedings of PILSEN STEEL.

Assisted KKCG with various issues surrounding SAZKA's bankruptcy and sale of its business, as well as insolvency disputes arising from it.

Notable practitioners  

Vlad Petrus recently advised Komercni banka as creditor on insolvency filings made against CTY Group and its subsidiary Modřany Power. He also handles financing and capital markets mandates.

Leading expert Tomáš Richter "has an excellent knowledge of insolvency law," note sources. Observers say that "he has an extremely strong academic background, which he combines with brilliant practical expertise."  

Senior associate Jindřich Arabasz receives praise from clients for his excellent negotiation skills. In a recent highlight he assisted KKCG with various aspects of the insolvency proceedings against PILSEN STEEL.

Significant clients Amstel Lease Maatschappij, CBPS, Česká spořitelna, Deutsche Bank, Komerční banka.

Tax - Czech Republic

Basic facts about the department
- 1 partner
- 1 tax adviser

What the team is known for A popular choice for transactional mandates, especially those with a cross-border element. Regularly handles tax aspects of restructuring projects and insolvency proceedings, as well as tax litigation. 

Work highlights Advised RWE Supply & Trading on the fiscal dimension of its disposal of a minority shareholding in a Czech gas distribution company in exchange for minority shares in SPP and GDF-owned gas retail companies in an asset swap transaction.

Assisted KKCG with the tax implications of the reorganisation of BESTSPORT following its insolvency.

Notable practitioners  

Senior lawyer and tax adviser Petr Šebesta recently advised KKCG on the tax aspects of the restructuring of PILSEN STEEL. He is noted for his work on the Luxembourg–Czech Republic income and capital tax treaty.

Significant clients Bühler, Deka Immobilien, Goodman, HB Reavis, Pfizer.

Arbitration (International) - Europe-wide

What the team is known for Highly rated across numerous major European arbitration centres, with pan-continental strength recently utilised on substantial multi-jurisdictional disputes in sectors such as TMT, banking and real estate. Particularly active lately on a range of prominent investor-state matters.

Strengths (Quotes mainly from clients)
"Clifford Chance is very user-friendly and very approachable, with a good team on the case."

Work highlights Represented investment firm RNK Capital in an LCIA arbitration concerning a damages claim, which resulted from the termination of a project to reduce carbon emissions. The client was awarded over USD110 million in damages.

Notable practitioners 

Frankfurt-based Fabian von Schlabrendorff is a highly experienced arbitration figure who is increasingly recognised by market sources for his activity as arbitrator, although he has also recently acted as counsel on cases relating to Germany and SEE.

According to commentators, Audley Sheppard "is among the best practitioners in London" for high-profile international arbitration cases. Recent case highlights include acting for a Latvian investor on an UNCITRAL BIT arbitration concerning the expropriation of the investor's bank in the Kyrgyz Republic, following a government overthrow. Sources describe him as "a very impressive, low-key individual – he's very calm, with a great presence and great rapport with arbitrators."

London-based Robert Lambert has recently acted on a number of significant arbitrations for British and European clients, including advising defence contractor Raytheon on a high-value LCIA arbitration against the Secretary of State for Home Affairs concerning the termination of the UK government's e-Borders programme.

Significant clients Siemens, Shell, BNP Paribas, EDF, IFC.

Banking & Finance - Europe-wide

What the team is known for Outstanding banking and finance practice with key offices in London, Paris, Frankfurt, Moscow and throughout CEE. Extremely active in acquisition finance, corporate lending, refinancings and dividend recapitalisations. Highly recommended for Islamic, real estate, infrastructure and project finance. Supported by an exceptional capital markets practice and well-known regulatory expertise. Recognised for its strong presence in the CEE region.

Strengths (Quotes mainly from clients)
"The team has the know-how and the firepower, and the lawyers come up with good ideas."

"The team was everything that we would expect - it was quite a tricky transaction and the lawyers helped us a lot."

"I respect them absolutely - the lawyers are practical, quick and efficient to deal with."

Work highlights Acted for the lenders, including Commerzbank, Deutsche Bank and UniCredit, on the refinancing of Techem Group's debts, made up of loans, credit facilities and bonds.

Notable practitioners

Global head of finance Mark Campbell and infrastructure specialist Michael Bates are based in the London office. Bettina Steinhauer is the key lending and acquisition partner in the German offices. Thierry Arachtingi, James Butters and Daniel Zerbib cover banking, infrastructure and acquisition finance in Paris. Logan Wright is both managing partner and head of the banking and finance team in Moscow.

Significant clients Barclays, Eiffage, European Financial Stability Facility, HSBC, PAI Partners.

Capital Markets - Europe-wide

What the team is known for Exceptional capital markets expertise and remains at the forefront of the market for debt and securisation. Also rises to the top tier for equity capital markets thanks to its work on significant cross-border cases. Notable experience in derivatives and structured debt. Standout teams in the UK, Germany, Spain, France, Belgium, the Netherlands and Russia.

Strengths (Quotes mainly from clients)
"Clifford Chance is my law firm of choice because of the level of senior support I receive on transactions as well the depth of legal knowledge and capacity in the other lawyers."

Work highlights Advised Bank of America Merrill Lynch in relation to Russian oil and gas explorer and producer RusPetro's USD250 million LSE IPO.

Advised BNP Paribas and HSBC on EDF's issue of EUR2.51 billion and GBP1.25 billion of hybrid bond issues.

Notable practitioners  

Global head of capital markets, David Dunnigan leads the team from the firm's London office. Further key contacts include Markus Pfüller in Frankfurt, Arthur Iliev in Moscow and Cédric Burford in Paris.

Significant clients HSBC, Veolia Environnement, Bank of America Merrill Lynch, Citigroup, JPMorgan Securities.

Competition/Antitrust - Europe-wide

What the team is known for A strong practice maintaining offices across Europe, with hubs in the UK, Belgium, France, Germany and Spain, amongst others. Assists with the full range of contentious and non-contentious matters, including state aid and public procurement issues, and continues to have an excellent reputation for assisting with merger control elements of corporate projects. Noted for its work in the financial services, consumer goods, energy and pharmaceutical sectors.

Strengths (Quotes mainly from clients)
"Competition is often multi-jurisdictional and they are able to think about strategy on a wider scale." 

Work highlights Advised Shell on the EC's antitrust investigation into oil and biofuel prices.

Assisted Pfizer with the cash sale of its nutrition business to Nestlé.

Notable practitioners

Oliver Bretz is head of the global competition practice and splits his time between Brussels, Paris and London. In Brussels, Thomas Vinje is chairman of the global practice. Other key partners include Elizabeth Morony in London, Miguel Odriozola in Spain and Torsten Syrbe in Russia.

Significant clients EADS, Everything Everywhere, Pfizer, Siemens, Shell, Volkswagen.

Corporate Investigations - Europe-wide

What the team is known for Noted by peers for its ability to handle corporate crime matters. Frequently acts for financial institutions, using its network of offices throughout Europe. Its forensic accounting team provides specialist support and expertise on all financial aspects of litigation, arbitration and investigations.

Strengths (Quotes mainly from clients)
"The lawyers' communication skills are excellent. Their knowledge and efficiency in executing tasks and their timeliness in responding are impressive."

Work highlights Acted as trial counsel for a financial institution on a corruption and fraud trial arising from the purchase and sale of allegedly non-existing healthcare credit receivables and the related alleged corruption of high-profile politicians. 

Notable practitioners

In London, Luke Tolaini and Roger Best lead the firm's corporate investigations practice.

Corporate/M&A - Europe-wide

What the team is known for Market-leading European corporate/M&A practice, with notable strength in key jurisdictions such as the UK and Spain, as well as Germany, France and the Benelux region. In Eastern Europe, it offers leading teams in Poland, Romania and the Czech Republic. Benefits from the firm's strong focus on the energy sector, and is a regular fixture on the biggest and most high-profile energy M&A transactions in the European market.

Strengths (Quotes mainly from clients)
“Phenomenal in complex cross-border matters.”

Work highlights Advised Eurasian Resources Group on its GBP3 billion offer for Eurasian Natural Resources Corporation. 

Notable practitioners

Guy Norman heads the firm's global corporate/M&A practice. Other key contacts for the European practice include Arndt Stengel in Germany and Gilles Lebreton in France.

Significant clients Shell, EADS, Barclays, Permira, HSBC, TeliaSonera.

Dispute Resolution - Europe-wide

What the team is known for A formidable presence across Europe, with market-leading dispute resolution teams in Spain, Russia, Poland, London, France and Germany. Particular expertise in cross-border investigations and international arbitration.

Strengths (Quotes mainly from clients)
"I'd recommend the team for litigation because of its experience and dedicated lawyers."

"The firm does domestic litigation as well as international work. It is definitely a market leader."

Work highlights Represented Russian company Promneftstroy in a complaint against the Russian Federation before the ECHR, and in litigation and arbitration proceedings arising from the bankruptcy of Yukos Oil.

Advised Standard & Poor's on regulatory and litigation issues relating to sovereign downgrades.

Notable practitioners

London's Jeremy Sandelson leads the global and UK litigation and dispute resolution practice.

Significant clients Bank of America Merrill Lynch, Shell, Deutsche Bank, Société Générale, Carrefour.

Employment - Europe-wide

What the team is known for Highly regarded European employment practice spanning 12 jurisdictions. Provides in-depth support on transactions and restructurings, as well as regulatory advice. Viewed as particularly strong in London, and a growing force in Poland, where the team attracts excellent client feedback. Present across a range of other key jurisdictions, including France, Spain, Germany and the Netherlands.

Strengths (Quotes mainly from clients)
"Phenomenal in complex cross-border matters.” 

Work highlights Assisted NEC EUROPE with the preparation and implementation of a restructuring plan in several of the ten European countries involved in the project. Lawyers from the French, German, UK and Polish offices advised.

Advised on all aspects of Barclays share and cash incentive plans for employees, including the global legal issues relating to the operation of Barclays plans in 46 countries. European offices involved include France, Germany, Italy, Luxembourg and Spain.

Notable practitioners

London-based Chris Goodwill heads the global employment team.

Significant clients RBS, McGraw-Hill, Aviva, Diageo, Nokia Siemens Networks. 

Intellectual Property - Europe-wide

What the team is known for Market-leading practice in Spain, with additional key teams in Germany, France and Poland. Areas of expertise include IP-related M&A, litigation and arbitration, patent disputes and trade mark portfolio work.  

Strengths (Quotes mainly from clients) 
"Being represented by such a prominent firm gave us an edge."

Work highlights Represented SAMSUNG in Spanish design rights litigation against Apple regarding tablet computers.

Notable practitioners

Barcelona-based Miquel Montañá heads the Spain IP team, while Thorsten Vormann is a key contact for the German group.

Significant clients SAMSUNG, Saint-Gobain, Pfizer, Oracle, Nestlé.

Life Sciences - Europe-wide

What the team is known for Highlighted for its leading life sciences practice, led from the firm's German offices. An excellent choice for transactional mandates, including cross-border M&A and joint ventures, as well as regulatory compliance advice. Notable capability in medical device regulation. 

Work highlights Advised Pfizer on the sale of its nutrition business to Nestlé.

Advised Montagu Private Equity on its EUR1.8 billion sale of BSN Medical to EQT VI, a matter involving lawyers in Germany and London.

Notable practitioners

Based in Düsseldorf, regulatory specialist Peter Dieners is global head of the healthcare, life sciences and chemicals sector group.

Significant clients Chequers Capital, Korian, Medtronic, GE Healthcare, Abbott Laboratories.

Projects - Europe-wide

What the team is known for Prominent name in project finance, particularly on the sponsor side. Leading teams in the UK, France, Germany and Spain, as well as the CEE/CIS region. Noted energy, mining and power practices, with tremendous experience in cross-border energy transactions.  

Strengths (Quotes mainly from clients)
"They are always able to find team members with the relevant expertise and language skills."

Work highlights Acted on the EUR1.23 billion Bosphorus Tunnel build-operate-transfer transaction, a greenfield project involving the creation of a twin-deck tunnel under the Bosphorus channel, representing the lenders, export credit agencies and hedging banks.

Acted on the Nabucco natural gas pipeline project, a pipeline connecting Turkey and Austria via Central Europe, as financing counsel to the project company.

Notable practitioners

Paris-based Anthony Giustini is co-head of the firm's worldwide projects group, while Russell Wells is a key name in London.

Significant clients Evraz, Glencore, Shtokman Development, Export-Import Bank of Korea, BNP Paribas.

Regulatory & Public Affairs - Europe-wide

What the team is known for Exceptional European policy and public affairs expertise with dedicated teams in Germany, France, the UK and Belgium. Offers impressive policy practice which supplements legal and compliance advice to clients in sectors including financial services, life sciences, energy and technology. Key mandates include advice on the financial transactions tax, the Common Agricultural Policy, data protection and the Accounting Directive. Clients include multinationals, financial institutions, European authorities and national governments.

Strengths (Quotes mainly from clients)
"The firm offers unique and definitive advice on what the regulations look like, how they will impact the business and how we may be able to mitigate."

"The team is well placed and engaged with an impressive network of contacts among policy makers."

"Clifford Chance is far ahead in financial market regulatory issues, head and shoulders above the rest when you look across the piece."

Work highlights Advised EADS on the regulatory aspects of its planned merger with BAE Systems and the issue of government golden shares, which impacted France, Germany and the UK.

Advised Tate & Lyle on recent reforms to the EU sugar regime, and the impact of sugar beet and cane industries on pricing and import tariffs.

Assisted the European Committee for Interoperable Systems (ECIS) with the development of the EU's cloud computing strategy, advising on standardisation and regulation.

Represents online and mobile search consortium FairSearch in its complaint against Google in the prominent Article 102 investigation into abusive practices.

Notable practitioners

Oliver Bretz is head of the European public policy practice. Other key names include Gail Orton, director of the EU public policy team, and well-respected of counsel Michel Petite. German-based Peter Dieners is a leading name for European life sciences regulatory matters.

Significant clients EADS, European Stability Mechanism, Pfizer, Shell, Tate & Lyle.

Restructuring/Insolvency - Europe-wide

What the team is known for Heavyweight Europe-wide restructuring/insolvency practice which regularly acts for both creditors and debtors. Strong offerings in the UK, Germany, Spain and Russia. Other notable offices include France, Italy, the Czech Republic, Poland, Ukraine and Romania.

Strengths (Quotes mainly from clients) 
"They provide market-leading advice, as the restructuring team is at the forefront of current restructurings in Europe."

"I appreciate the team's experience both locally and internationally. The firm's access to other jurisdictions is a real strength as our work tends to be cross-border."

Work highlights The UK team acted for the senior co-ordinating committee on the EUR1.7 billion restructuring of Vivacom (BTC), Bulgaria's largest telecoms company.

In Spain the team advised the Orizonia Group on all aspects of its insolvency. 

The Dutch team recently acted for Rabobank and ING on the EUR500 million restructuring of Imtech.

Notable practitioners

Philip Hertz and David Steinberg lead the team in London, while Stefan Sax is a key contact in Germany. Iñigo Villoria leads the Madrid practice and Jelle Hofland is the main contact in Amsterdam. 

Significant clients Travelodge Group, Free State of Saxony, Crédit Agricole, Eroski.

Tax - Europe-wide

What the team is known for Exceptional tax practice throughout continental Europe, with a broad collection of high-profile cases undertaken by teams based in London, Frankfurt, Amsterdam, Brussels and Luxembourg, amongst others. Provides a comprehensive service on matters ranging from M&A, restructuring and real estate to tax controversy and dispute resolution.

Strengths (Quotes mainly from clients)
"As a global firm, I would rate Clifford Chance higher than anyone else in terms of clarity of communication: it doesn't matter which office you use, it always provides you with clear and understandable answers."

Work highlights Advised car rental company Avis Budget on establishing a EUR1.5 million securitisation programme to finance its activities in Germany, Italy and Spain.

Acted for Shell on the GBP4.4 billion acquisition of a portfolio of LNG assets from Spanish oil group Repsol.

Notable practitioners

David Harkness heads the global tax practice out of London. Other key practitioners include Eric Davoudet in Paris, Josef Brinkhaus in Frankfurt and José Ignacio Jiménez-Blanco in Madrid.

Significant clients SGSS Deutschland, Avis Budget, Shell.

TMT - Europe-wide

What the team is known for Highly regarded in all three TMT fields, with notable strength in telecoms. Well known on the transactional side, and also extremely experienced in antitrust and regulatory matters. Leading offices in key European jurisdictions, such as the UK, the Netherlands, Germany, Spain and France.

Work highlights Successfully represented Oracle in investigations by the French, Spanish and Japanese competition authorities and before the European Commission regarding allegations by Hewlett-Packard.

Advised Swedish television, broadband and telephone provider Com Hem on its agreement with TiVo, enabling a fully integrated viewing experience.  

Advised mobile network operator TeliaSonera on numerous transactions with one of the main operators in Kazakhstan, Kcell.

Notable practitioners

Joachim Fleury in London is the global head of TMT and global co-head of telecoms. Also in London, André Duminy is a key contact for the global outsourcing practice, while Daniel Sandelson heads the global media practice. Thomas Vinje heads the global technology group out of Brussels.

Significant clients Deutsche Telekom, Vivendi, Everything Everywhere, Nokia, Accenture.

Banking & Finance - France

Basic facts about the department 
- 8 partners
- 9 counsel
- 38 associates

What the team is known for Outstanding team that advises leading domestic and international banks and corporates. Offers particular expertise in leveraged financing, general corporate lending, export finance and real estate finance.

Strengths (Quotes mainly from clients)
"We needed tailor-made work and the team did that well. It delivered the deal we were looking for within the timeframe, and was a pleasure to work with." 

"The firm has a very broad practice." 

Work highlights Advised Macquarie and Eiffage on the refinancing of Holdco's acquisition debt used by Eiffarie to acquire APRR (Société des Autoroutes Paris-Rhin-Rhône) and Opco's revolving credit facility, for a total amount of EUR3.5 billion. 

Advised PAI Partners on the financing of the acquisition of a majority stake in IPH from Investcorp, financed by a EUR350 million unitranche bond facilities and EUR160 million securitisation programme.

Notable practitioners

Thierry Arachtingi receives widespread market praise: "He specialises in acquisition finance and is one of the most able lawyers in this area. We worked with him because we needed someone technically excellent, which he is, whilst also being very commercially aware." 

PPP/PFI market leader Daniel Zerbib focuses on infrastructure finance, leveraged and acquisition finance and debt restructuring. Clients highlight him as being "very reactive." 

James Butters specialises in cross-border debt financings and restructurings and other forms of structured and corporate debt.

Benjamin de Blegiers enters the rankings following strong feedback: "He is hard-working and able to handle the work and cope with the pressure." His work involves infrastructure, leveraged and acquisition finance, as well as debt restructuring.

Frédérick Lacroix heads the firm's financial services and asset management practice in Paris. Clients say: "He's very good. You can always get in contact with him and he's very quick to respond." 

Significant clients European Financial Stability Facility (EFSF), BNP Paribas, PAI Partners, HSBC, Eiffage.

Capital Markets - France

Basic facts about the department 
- 6 partners
- 25 other qualified lawyers

What the team is known for Advises on complex and innovative transactions across structured finance, derivatives, and debt and equity capital markets. Clients include major corporates, financial institutions, private funds and public bodies. The team includes UK and French-qualified lawyers, offering expertise on both domestic matters and global capital markets transactions.

Strengths (Quotes mainly from clients)
"The lawyers were hard-working and rigorous - a pleasure to work with."

"Very responsive, user-friendly and on top of the regulatory issues." 

 "Clearly one of the main actors involved in capital markets transactions.

Work highlights Advising BNP Paribas and HSBC on EDF's issue of EUR2.51 billion and GBP1.25 billion of hybrid bond issues.

Notable practitioners  

Clients speak highly of Cédric Burford: "He's the person I go to in Paris: he's approachable, knowledgeable and a safe pair of hands. He's good to discuss issues with, even when not on a transaction."

Jonathan Lewis leads the firm's structured finance practice. He is well placed to handle international structured finance and securitisation matters thanks to being qualified in France, England and the USA. Clients appreciate his availability: "He works all the time - night and day - and is always available."

Frédérick Lacroix ascends the rankings thanks to strong recommendations. He heads the financial services and asset management practice in Paris. His recent work includes advising the Moroccan government on the reform of securitisation laws and the creation of a new legal regime for sukuk. Clients value his tailor-made solutions, with a source noting that he "takes into account what we want."  

Aline Cardin has significant expertise in equity capital markets, where she advises clients on IPOs, secondary offerings and private placements.

Significant clients Natixis, AXA, Carrefour Banque, Société Générale, Crédit Agricole.

Competition/European Law - France

Basic facts about the department
- 3 partners
- 9 other qualified lawyers

What the team is known for The Paris team handles EU and French competition matters concerning state aid, merger control, abuse of dominance and cartels. Also active in litigation before the French Competition Authority, national and EU courts. Strong regulatory expertise in financial services and telecoms sectors.

Strengths (Quotes mainly from clients)

"The firm has the right balance: there when we need it, quick to respond and produces high-quality work."

"The availability is excellent. When we need something there is always someone who can call back at short notice."

"The team understands what I am looking for at first request."

What's new? Emmanuel Durand was promoted to partner, bringing expertise in the competition aspects of sports rights.

Work highlights Acted for EADS on the EU competition law issues of its proposed GBP28 billion merger with BAE Systems.

Successfully represented Dutch National Bank in its appeal against the European Commission's decision concerning its aid to ING.

Notable practitioners  

Patrick Hubert is "a sharp, excellent negotiator" in the words of one client. He is also praised for his strong business acumen and competition expertise which covers both behavioural matters and merger control.

Clients appreciate Oliver Bretz for his ability to get everyone to work together and good humour. "He is very good at putting things into context; he's absolutely excellent," comments an interviewee. He is global managing partner of the firm's antitrust practice and also heads the EU public policy practice.

Michel Petite is hailed as "a great lawyer" who has extensive experience from the EC. "He understands the EU policies that affect our business and can quickly get to the heart of an issue," reports one enthusiastic client.

Up-and-coming Emmanuel Durand joins the rankings on a wave of positive references. Peers recognise his technical ability and clients add: "He quickly provides the answers we need."

Significant clients Shell, Groupe Gascogne, Crédit Agricole, SFR, Randstad.

Corporate/M&A - France

Basic facts about the department
- 9 partners
- 7 counsel
- 19 associates

What the team is known for Strong reputation for advising its impressive client base on complex domestic and international M&A. Sectors of expertise include financial services, retail, healthcare and technology.

Strengths (Quotes mainly from clients)
We were very impressed by the work the team did for us. The lawyers were under huge pressure, but gathered expertise from various areas of the firm.” 

"Good geographical spread and negotiations skills, and great financing capabilities."  

Work highlights Advising Crédit Agricole on the EUR3 billion sale of its entire share capital in Emporiki to Alpha Bank.

Notable practitioners 

Thierry Schoen handles a variety of M&A work, including deals related to financial institutions, stock exchange matters and public offers.

Mathieu Remy has standout M&A experience in the financial services sector, on both domestic and cross-border mandates. He gains plaudits from clients, with one commenting: “He's incredibly thorough and very able – he finds a way to convince the other side in negotiations.”

Gilles Lebreton is noted for his experience in M&A, restructuring and LBOs. He recently advised Wendel on its USD175 million investment in the IHS Group.

Significant clients Technip, Caisse des Dépôts, Airbus, EDF.

Dispute Resolution - France

Basic facts about the department
- 2 partners
- 2 counsel
- 17 associates

What the team is known for Recognised experience of arbitration under ICC and other rules including ICSID, LCIA, SCC and UNCITRAL. Part of Clifford Chance's global international arbitration practice spanning all industry sectors.

Strengths (Quotes mainly from clients)
"The team can handle all aspects of dispute resolution."

What's new? Jason Fry, former secretary general of the ICC, returned to the Paris office in 2012. Simon Greenberg, former deputy secretary general of the ICC, joined the Clifford Chance Paris office as a counsel in the international arbitration group in 2012.

Notable practitioners 

Jason Fry and Jean-Pierre Grandjean are the two Paris arbitration partners and the main points of contact for the practice.

Dispute Resolution - France

Basic facts about the department 
- 3 partners
- 2 counsel
- 8 associates

What the team is known for Praised for its broad practice advising domestic and international clients on a variety of disputes, including commercial litigation, product liability cases and white-collar crime.

Strengths (Quotes mainly from clients)
"The firm does a very good job; it's efficient and reactive." 

Work highlights Represented Carrefour in litigation initiated by a former supplier.

Notable practitioners  

Clients say Jean-Pierre Grandjean "has an excellent mastery of the art of litigation," and is "very sharp strategically." His areas of expertise include M&A, corporate and securities disputes, banking litigation, product liability and white-collar crime.

Thomas Baudesson earns warm feedback: "He's good at strategy, knows the French procedures well and is a great support to the client – you can always reach him." He handles commercial, stock market and product liability litigation.

Interviewees note that up-and-coming talent Thibaud d'Ales "is good at speaking in court and is a great litigator; he's sharp and tenacious. I'm very happy with his work; he's going places." D'Ales focuses on commercial litigation.

Significant clients SFR, RBS, Hilton, Fédération Française de Football, Carrefour.

Employment - France

Basic facts about the department
- 1 partner
- 10 other qualified lawyers

What the team is known for Handles complex reorganisations and redundancy plans for global clients. Assists with consultations with employee representatives, union negotiations and transfer of undertakings. Also skilled in litigation including executive terminations, discrimination claims and unfair dismissals. Day-to-day employment advice forms another aspect of the practice. 

Strengths (Quotes mainly from clients)
"The team's ability to bring another perspective to the situation was great; it was fast and flexible in accommodating us."

"The work was always of the highest quality and I had full confidence in the advice provided." 

Work highlights Assisted Alix Partners with several major reorganisations of international clients' French affiliates.

Acted for Visteon Group on the reorganisation of a French subsidiary involving 112 voluntary redundancies.

Notable practitioners  

François Farmine is a reorganisation specialist who "leads negotiations even when things are getting tough," according to clients, who add: "He can also put everything in context."

Significant clients NEC Corporation, Alcon, ALLTUB France, Visteon Systèmes Intérieurs.

Energy & Natural Resources - France

Basic facts about the department
- 12 partners
- 35 other qualified lawyers

What the team is known for International powerhouse provides clients with a full-service offering for energy and natural resources matters across a number of industries, including oil and gas, renewables and mining and metals. Expertise covers financing, corporate, regulatory, public law, tax and dispute resolution. Team experienced in assisting with projects across a large number of jurisdictions, in addition to domestic work in this sector.

Strengths (Quotes mainly from clients) 
"I was very much impressed. The lawyers are excellent in negotiations with a good understanding of the matters involved in this sector."

"The lawyers were responsive and very hands-on; they drew on the wider resources of the firm very well and had a nice style of working."

Work highlights Advised a consortium consisting of EDF, SNAM and GIC Special Investments on the financing of the acquisition of TIGF from Total.

Notable practitioners  

Anthony Giustini is a highly respected practitioner who focuses on the development and financing of major power, infrastructure and natural resources projects. In the words of one interviewee: "He's technically very strong and good at making things happen - this is the type of lawyer I like." Recent activity includes advising SOCAR on the development of an integrated oil, gas and petrochemicals complex.

Significant clients EBRD, Crédit Agricole, Nareva, Siemens Bank, BNP Paribas.

Projects - France

Basic facts about the department
- 2 partners
- 8 other qualified lawyers

What the team is known for Renowned team with an outstanding reputation in the field of PFI/PPP. Acts for public authorities, sponsors and lenders. Extremely active across a range of both national and local infrastructure projects within the transport, energy and education sectors.

Strengths (Quotes mainly from clients)
"The most positive aspects were the efficiency and dynamism the lawyers put into the negotiation; they were really pragmatic and available."

"The lawyers are really committed and technically skilled. We appreciate working with them." 

Work highlights Advised a consortium composed of EDF, SNAM and GIC Special Investments on the financing of the EUR2.4 billion acquisition of Total Infrastructure Gaz de France from Total.

Advised consortium led by Bouygues on its bid for the L2 bypass PPP project. 

Notable practitioners  

Practice head David Préat continues to enjoy a sterling reputation as a "prominent practitioner in the market." Sources highlight his proficiency in administrative law in particular and his visibility in the field.

Daniel Zerbib is admired for his excellent financing knowledge and ability, with sources confirming "he is very good for international project finance." Zerbib is particularly focused on infrastructure, leveraged and acquisition finance and debt restructuring.

"Strong negotiation skills" sets up-and-comer Benjamin de Blegiers apart as clients express their high satisfaction with his level of support and professional capability. Further impressed sources say: "He is an exceptional lawyer and a real deal maker."

Significant clients Bouygues, Eiffage Concessions, Lazard, HSBC, Colas.

Pharma/Life Sciences - France

Basic facts about the department
- 5 partners
- 13 other qualified lawyers

What the team is known for Cross-practice team that advises clients on a broad range of matters in the pharmaceuticals, healthcare and life sciences sectors. Covers corporate and M&A transactions, IP and regulatory and compliance advice. Contentious matters are an area of focus, as the practice regularly assists clients with product liability and commercial matters as well as unfair competition issues.

Strengths (Quotes mainly from clients)
"A team that can offer integrated solutions, with good clients in pharmaceuticals ."

Work highlights Represented Novartis Santé Familiale in litigation related to the alleged defect of a drug product.

Notable practitioners

The practice is led by Thomas Baudesson, Olivier Gaillard and Jean-Pierre Grandjean.

Significant clients Zoetis, Novartis, Ramsay Santé, Meda Pharma.

Projects - France

Basic facts about the department
- 3 partners
- 23 other qualified lawyers

What the team is known for Excellent reputation for work on all aspects of project finance, advising lenders, sponsors, major financial institutions and governments and public entities. Assists clients across a broad spectrum of industries, including oil and gas, mining and metals, power, renewable energy and infrastructure. Large geographical scope, with experience of working on projects across Africa, Asia Pacific, Russia and the CIS, the Middle East and Latin America.

Strengths (Quotes mainly from clients)

"Absolutely outstanding. For me, this is the best team in Paris at the moment. The lawyers are individually outstanding. They have a clear emerging markets focus: they know the context and what they're talking about."

"Not only does the firm have broad experience, but it helps us shape the legal concepts as well as the underlying commercial concepts. The team excelled at managing the whole process."

Work highlights Advised IFC and Société de Promotion et de Participation as co-lenders to Azito Energie, on financing the conversion of the Azito power plant in Côte d'Ivoire from a simple-cycle to a combined-cycle generation facility.

Notable practitioners  

Anthony Giustini co-heads the worldwide projects group. He has 27 years of experience in this area, focusing mainly on the development and financing aspects of oil and gas, mining, infrastructure and energy projects across EMEA. One source describes him as "a legend in his own right. Probably one of the most experienced projects lawyers out there. He's excellent at mitigating risk and outstanding at resolving deadlocks in tough negotiations."

Nikolaï Eatwell specialises in project financing, notably in Africa and Eastern Europe. His sectors of expertise include oil and gas, mining, power and telecommunications. One interviewee describes him as "just outstanding. In addition to being a very nice person who's easy to work with, he's also really committed. You can count on him round the clock to never miss a deadline. He's extremely smart and very, very capable." 

Nicholas Wong advises banks and sponsors on matters across the Americas, Europe, the Middle East and Asia. He played a key role in advising SOCAR on the development of an integrated oil refinery, gas processing plant, power plant and petrochemical complex. Clients describe him as "very solid, and able to pick up the pieces and do a good job." He is qualified in New Zealand and the UK.

Significant clients BNP Paribas, Proparco, Nareva, KEXIM, AFC, SOCAR.

Public Law - France

Basic facts about the department
- 2 partners
- 8 other qualified lawyers

What the team is known for Top-tier team with a strong focus on public contract law. Firm maintains a leading position on the international market, acting for sponsors, lenders and public authorities. Engaged in infrastructure projects across a wide range of sectors, including transport, energy and education. Regulatory advice forms another part of the practice.

Strengths (Quotes mainly from clients)
"The team did a remarkable job; the advice was quick and well delivered."

"Clifford Chance in Paris really has an outstanding team - very skilled and available." 

Work highlights Advised a consortium led by Bouygues on its bid for the EUR860 million national road project to link the A50 and A7 motorways in Marseilles.

Advised the French Ministry of Ecology, Sustainable Development & Energy on the bid procedure and drafting and negotiation of concession contracts for the A831 motorway.

Notable practitioners 

Practice head David Préat retains his outstanding reputation in French public law, as peers note his wealth of experience and sound market presence. Clients also describe him as "an excellent lawyer with a solid reputation."  

Significant clients Colas, HSBC, Cremonini Restauration, Caisse des Dépôts et Consignations, Ligue de Football Professionnel (LFP).

Real Estate - France

Basic facts about the department
- 1 partner
- 10 other qualified lawyers

What the team is known for Strong offering for transactional work, acting for clients on both domestic and cross-border mandates. Recent key areas of activity include the acquisition and disposal of premium real estate assets, portfolio transactions, corporate real estate work and restructuring assets and loans. Clients include major real estate companies, investors, funds and financial institutions.

Strengths (Quotes mainly from clients) 
"Across the whole spectrum of work, this firm is excellent. Its lawyers are up to date, available and proactive."

Work highlights Assisted Risanamento Europe with the sale of a portfolio of nine prime real estate assets.  

Notable practitioners  

Practice head François Bonteil is described by one source as "very business-oriented and experienced." He also receives praise from clients: "He's not just a legal expert who applies the rules; he finds an agreement while protecting our rights."

Significant clients LaSalle Investment Management, Altarea Cogedim, The Blackstone Group, Prologis, GPIM-Groupe MACIF.

Restructuring/Insolvency - France

Basic facts about the department
- 1 partner
- 4 other qualified lawyers

What the team is known for Advises on major financial restructuring matters such as bailouts, debt restructuring and distressed M&A. Has particular expertise in relation to numerous types of insolvency proceedings, including safeguard, mandat ad hoc, conciliation and liquidation. Handles complex cross-border mandates in both restructuring and insolvency through the firm's international network.

Strengths (Quotes mainly from clients)
"We were very impressed with the firm's work under huge pressure."

Work highlights Advised the French Ministry of Economy and Finance on the EUR18 billion bail-out plan for Crédit Immobilier de France.

Notable practitioners  

Sources say Reinhard Dammann is "incredibly capable and on top of the new legislation in France." He advises on insolvency law in France, and on cross-border transactions. 

Significant clients Alkor Venilia, Crédit Agricole.

Tax - France

Basic facts about the department 
- 2 partners
- 12 other qualified lawyers

What the team is known for Assists with the tax aspects of transactions in the real estate, corporate and finance areas. Advises on a range of transaction types, including M&A, LBOs, public offers, joint ventures and structured financing. Also active in tax audit matters, including handling litigation resulting from disputes with the French tax authorities.

Work highlights Advised Crédit Agricole on its EUR3 billion sale of Emporiki Bank to Alpha Bank.

Notable practitioners  

Eric Davoudet's areas of expertise include real estate transactions, M&A and LBOs. "He's very pragmatic and identifies and analyses the risks of what we're working on, evaluates them, and then finds a way to overcome them," notes a source.

Alexandre Lagarrigue handles the tax aspects of major transactions. Key areas of activity include M&A, restructuring, LBOs and real estate transactions.

Significant clients Orion Capital Managers, Rexel, EDF, AEW Europe, Crédit Agricole, Wendel.

TMT - France

Basic facts about the department
- 5 partners
- 8 other qualified lawyers

What the team is known for Best known for assisting clients in the media sector, particularly in connection with sports law and related media and broadcasting rights. 

Strengths (Quotes mainly from clients)
"Very good in the sports area - a very important actor in this field." 

Work highlights Represented SFR in a case before the French Competition Authority concerning abuse of dominance by France Telecom.

Notable practitioners

Paris office managing partner Yves Wehrli is recognised for his significant expertise in the field of sports law, regularly assisting clients with media-related matters.

Significant clients Carrefour, 3i, Wendel.

Banking & Finance - Germany

Basic facts about the department
- 5 partners for acquisition finance and syndicated lending
- 3 partners for aviation and rail asset finance
- 24 associates and transaction lawyers

What the team is known for Outstanding reputation in acquisition finance and syndicated lending. Strongly recommended by clients for its extensive international resources. Offers further strength in regulatory and cross-border aviation and rail finance transactions.

Strengths (Quotes mainly from clients)
"The lawyers are as close to perfection as you can get – I cannot fault them. They have been consistent and extremely professional whilst also cautious in their approach – I cannot ask for more."

"Playing in the top league in rail financing transactions. One of the most widely spread firms, with huge geographical scope and very consistent quality."

What's new? The team recently added new partner Thomas Weitkamp, and two new counsel Christian Hentrich and Philipp Kropatscheck.

Work highlights Advised Commerzbank, Crédit Agricole, Deutsche Bank, JPMorgan, RBS and UniCredit as lending banks and the initial purchasers of high-yield bonds on the refinancing of Techem Group's overall debt structure.

Advised Dr. Peters Group on the leaseback and sale of an Airbus A380-800 aircraft for Air France.

Notable practitioners  

Alexandra Hagelüken was recently promoted to head of banking and capital markets at Clifford Chance in Germany. Highlights from the past twelve months include advising the lending banks on the refinancing of Techem Group's debt structure.  

Sources describe Barbara Mayer-Trautmann as "well versed in acquisition finance." She has a strong focus on structured finance and secured and unsecured bank lending, and recently formed part of the team acting for the banks funding Macquarie's EUR3.2 billion acquisition of Opengrid Europe.

The "extremely strong" Bettina Steinhauer continues to impress sources with her technical expertise: "You can ask her any question and she'll know the answer. She has an incredible depth of knowledge." She recently advised Morgan Stanley and Deutsche Bank on the financing of Linde's acquisition of Lincare via a syndicated credit facility.

Edmund Boyo remains a standout name in aviation and rail financing transactions. Impressed interviewees state: "He is outstanding in both his track record and his ability to focus and cross out whatever is unimportant. He is very reasonable in his approach and clearly demonstrates strength of leadership in his team. He is very experienced in the market and handles processes very efficiently." A recent mandate saw him advise DS Aviation on a EUR160 million sale and leaseback transaction regarding an Airbus A380-800 aircraft for Air France.

Peter Scherer focuses on banking regulatory law and derivatives transactions and frequently advises commercial and investment banks on capital markets and banking law.

Riko Vanezis has an established reputation for German and cross-border asset finance deals. He is active in both aviation and rail-related transactions, and recently acted as counsel for export credit agency (ECA) lenders Natixis, KfW IPEX-Bank, BPCE and Siemens Bank on the financing of an ECA French tax lease with Air China for six Airbus A321 aircraft.

Counsel Jens Augst receives impressive feedback from clients for his work on rail finance transactions: "He is a very skilled professional – business-oriented, really efficient and makes sure the deals work from a business perspective as well." He recently advised the lending banks on the financing of a rail portfolio manufactured for Alpha Trains and leased to Westfalenbahn.

Significant clients Morgan Stanley, Ciech, HSH Nordbank, KfW IPEX-Bank, Crédit Agricole Corporate & Investment Bank.

Capital Markets - Germany

Basic facts about the department
- 5 partners in equity and debt, 3 in regulatory/funds/derivatives, 5 in structured finance
- 5 counsel in equity and debt, 2 in structured finance
- 16 associates and other qualified lawyers in equity and debt, 7 in regulatory/funds/derivatives, 7 associates in structured finance

What the team is known for Prolific activity in equity and debt capital markets transactions, and remains a standout name in structured finance. Offers extensive market coverage and a broad spectrum of expertise. Regularly involved in sizeable transactions.  

Strengths (Quotes mainly from clients)
"Excellent – a very big and extremely professional firm. The work is high-quality and the lawyers are very engaged."

"Very active and working on a large volume of deals."  

Work highlights Advised Volkswagen on the EUR2.5 billion placement of subordinated mandatory convertible notes issued by Volkswagen International Finance.

Advised Bank of America Merrill Lynch on its EUR1.06 billion refinancing of Gagfah's Dresden Woba portfolio.

Advised a banking consortium on Techem Group's planned EUR1.3 billion loan refinancing, including a syndicated loan and high-yield bonds.

Notable practitioners  

Head of debt capital markets Sebastian Maerker is a leading name in the German market. Clients commend his "excellent understanding of business," and describe him as "a very smart and diligent dialogue partner." In the course of the past twelve months he has acted on a number of significant debt transactions, most recently advising on Techem Group's planned EUR1.3 billion refinancing.  

Derivatives-focused Peter Scherer's recent work includes advising a German bank on securities transactions and counselling a German insurance group on the financial regulatory aspects of infrastructure debt funds.

Regulatory and derivatives-focused Marc Benzler's recent mandates include advising a US investment bank with regard to a 'living will' focusing on its German operations and subsidiaries.

George Hacket remains a visible presence in equity capital markets. He is qualified in New York and Austria and has vast experience of advising issuers and investment banks on US placements. He led the group's recent work on the placement of subordinated mandatory convertible notes issued by Volkswagen International Finance.

Clients praise Arne Klüwer for his "sophisticated and detailed advice." According to sources, he has been particularly visible advising on CMBS restructurings in recent months.

Oliver Kronat recently worked on Bank of America Merrill Lynch's CMBS refinancing of Gagfah's Dresden Woba portfolio. Sources say: "We had a very good experience working with him and his team – they had astonishing resources to produce a document overnight." 

Sources consider Markus Pfüller an excellent equity capital markets lawyer. His recent activity includes advising Hamborner REIT on its EUR74 million capital increase.

Kirti Vasu recently advised a financial institution on notes issued by a closed-end securitisation fund. Sources highlight her responsiveness and technical legal skills.  

The past twelve months saw Gregor Evenkamp advise Ärzteversorgung Westfalen-Lippe as a bondholder in the context of security arrangements for a bond issued by CMI Chamartin Immobilien.

Significant clients Hatfield Philips, Morgan Stanley, UBS, UniCredit, Goldman Sachs.

Competition/European Law - Germany

Basic facts about the department
- 2 partners
- 7 associates
- 4 counsel

What the team is known for Covers the full spectrum of German and European competition law, including cartels, state aid, abuse of dominance and merger control. Clients benefit from the firm's excellent Europe-wide competition and antitrust expertise, and close collaboration between offices.

Strengths (Quotes mainly from clients)
"What we appreciate is that the lawyers bring along a good deal of pragmatism, which is very important. In day-to-day business you need really hands-on legal advice and don't necessarily need a ten page memorandum. They are pragmatic and very much to the point."

"What I really enjoy in my work with Clifford Chance is that it is not as conservative as other firms - really hands-on, focused on clients and doing a great job as one of the biggest law firms."

Work highlights Represented international engineering and service company KONE in cartel damage claim actions.

Notable practitioners  

Joachim Schütze receives excellent client feedback. Market observers say: "He is a real negotiator. You can put him on the difficult cases and he will really fight for you and get results." He recently advised Max Bahr/Praktiker on a co-operative purchasing arrangement with HELLWEG.  

Sources describe Marc Besen as "really bright," adding: "He is someone you can just toss a short e-mail at and he filters all of the relevant information into very good, short and user-friendly memos." He advised T-Mobile Austria on the merger of H3G/Orange Austria.

Significant clients Allianz, Barclays, Coca-Cola, Nokia, Volkswagen.  

Corporate/M&A - Germany

Basic facts about the department
- 23 partners
- 36 other qualified lawyers

What the team is known for Particularly recommended for public takeovers and capital increases. Advises a broad range of German and international clients on cross-border and domestic transactions. Highly visible in energy M&A, benefiting from the knowledge and expertise of the firm's outstanding energy group.

Strengths (Quotes mainly from clients)
"I have worked with Clifford Chance intensively and have been really positively surprised by the service and depth of the team."

"Always available, with a high degree of engagement - we really enjoyed working with the team."

Work highlights Advised Korean corporation Hanwha Chemical on its EUR240 million acquisition of the main assets of Q-Cells from the insolvency administrator.

Assisted Nokia Siemens Networks with the sale of its Business Support Systems business to Canadian company Redknee Solutions.

Notable practitioners  

Arndt Stengel heads the German corporate group. He recently represented EADS in the sale of a 4.8% stake in the company by a banking consortium to KfW Bankengruppe.

Wolfgang Richter's recent mandates include advising Volkswagen on the creation of an integrated automotive group with Porsche.

Respected figure Andreas Dietzel frequently assists global household names with international M&A transactions.

Significant clients American Tower, KfW, Jiangsu Jinsheng Industry, RBS.  

Dispute Resolution - Germany

Basic facts about the department
- 6 partners
- 32 other qualified lawyers

What the team is known for Regularly involved in both domestic and cross-border disputes thanks to the firm's excellent international network. Increasingly busy with construction and energy arbitration mandates, and a strong track record for contesting high-value arbitration awards in the German courts. Recommended for financial litigation.

Strengths (Quotes mainly from clients)
"We aren't just satisfied, we're delighted – we feel extremely well looked after. The Clifford Chance lawyers form a very successful team, have excellent subject knowledge, and we get on with them very well personally."

"Very strong analytical and drafting skills." 

What's new? Following the dispute resolution team's recent expansion into Munich, IP counsel Anette Gärtner has joined the Munich office in order to enhance its full-service capabilities.

Work highlights Successfully contested and set aside a EUR220 million German Institution of Arbitration (DIS) arbitration award against US client Flex-n-Gate before the Frankfurt Appellate Court.

Defended Volkswagen in proceedings involving alleged breaches of disclosure duties linked to Porsche's attempted takeover.

Notable practitioners  

Clients are highly satisfied with litigator Uwe Hornung, saying: "He is able to see things in the context of the bigger picture – he is extremely experienced and deals with the opposition well. He is pragmatic and knows how best to treat someone in any given situation."

Burkhard Schneider is particularly highly recommended for financial litigation. His recent mandates include defending Volkswagen in a dispute concerning alleged breaches of disclosure duties.

Fabian von Schlabrendorff impresses interviewees with his work as arbitrator. His practice encompasses disputes around corporate transactions, banking, construction and engineering projects.

Sebastian Rakob's recent highlights include successfully representing ENERGIS in a EUR208 million civil action against Alexander Falk.

Significant clients Arrow Electronics, DWS, Zellstoff Stendal.

Dispute Resolution: White-Collar Crime - Germany

Basic facts about the department
- 1 partner
- 1 counsel
- 7 associates

What the team is known for Widely acknowledged as a market leader for advising major corporates and banks on compliance and internal investigations. Well integrated with the firm's healthcare, energy and financial regulatory teams, offering clients interdisciplinary advice covering Germany and a range of other jurisdictions. Acclaimed for its ability to assist with complex cross-border investigations.

Strengths (Quotes mainly from clients)
"Clifford Chance has been very successful in winning significant cases."

Notable practitioners  

Described by competitors as "one of the most savvy players in the financial sector," Heiner Hugger is frequently instructed in relation to major internal investigations. His services are hugely in demand, with clients saying: "If a large German-based enterprise needs advice on compliance, one of its first phone calls will be to Mr Hugger."

Employment - Germany

What the team is known for Best known for its employment support on large M&A transactions and post-merger integration, in addition to significant financial restructuring projects. Also equipped to advise clients on their compliance with executive remuneration legislation, as well as the hiring and dismissal of board members and managing directors.

Notable practitioners  

Clients describe employment group head Nicole Engesser Means as "very experienced, and excellent explaining complex matters to members of our HR department," adding: "She adapts to our needs very well – a very knowledgeable and approachable lawyer."

Düsseldorf-based employment partner Thomas Hey is a visible presence in the market, recently advising Springer Science + Business Media on management agreements in connection with preparations for an IPO.

Energy - Germany

Basic facts about the department
- 6 partners
- 6 other qualified lawyers

What the team is known for Enjoys a unique position in the German market, with an outstanding reputation for both transactions and regulatory work. Regularly involved in major M&A and financing deals as well as high-profile litigation. A popular choice for complex projects requiring in-depth knowledge of the energy industry.

Strengths (Quotes mainly from clients)
"The energy team established very good working relationships, with clear and open communication and deep industry understanding. It is one of the most experienced energy practices in Germany."

"Some of the lawyers have been seconded to utility companies in the past and are therefore very practical in their approach and advice."

Work highlights Represented EnBW in a dispute with a German transmission operator regarding a damage compensation claim for a delayed offshore grid connection.

Assisted a consortium of lenders including Commerzbank, HSH Nordbank and Bank of Tokyo-Mitsubishi UFJ with a EUR650 million structured corporate financing for the construction of a power plant and investments in the renewables sector. 

Notable practitioners  

Impressed clients praise Peter Rosin's substantial knowledge of the energy industry, saying: "He really understands the energy and trading business and is very well connected within the field." His recent work includes representing Stadtwerke Bochum, EnBW Vertrieb and envia Mitteldeutsche Energie in litigation procedures questioning the compatibility of the German renewable energy promotion scheme with constitutional law.

Clients describe Thomas Burmeister as a "hands-on and very economically results-oriented lawyer," adding: "He always thinks about the commercial outcome and practical consequences – he doesn't just give legal advice and leave the client to work out what to do with it." Sources also highlight his litigation background as one of his unique selling points.

Interviewees are quick to recommend Björn Heinlein, who is described as "a really good lawyer; pragmatic and efficient." He was recently part of the team advising KfW IPEX-Bank on the financing of the development and construction of a subsea cable between Germany and Norway by TenneT.

Significant clients RWE, EWE, KfW IPEX-Bank, Commerzbank, Landesbank Hessen-Thüringen Girozentrale.

Healthcare - Germany

Basic facts about the department
-18 partners
-21 other qualified lawyers

What the team is known for A market leader in both the healthcare and life sciences sectors. Major M&A deals for healthcare providers and pharmaceutical companies form a considerable part of the team's work. Further expertise in regulatory compliance and patent litigation enables the team to provide integrated legal support to some of the largest pharmaceutical companies worldwide. Regarded as particularly strong in Düsseldorf. 

Strengths (Quotes mainly from clients)
"The lawyers are uncomplicated and efficient, available at all times, and we also appreciate their practicality and creativity."

"The Clifford Chance team has an excellent grounding in science and is excellent in statutory health insurance law."

Work highlights Advised Montagu Private Equity on the EUR1.8 billion sale of BSN medical to EQT VI.

Advised French healthcare provider Korian on its partnership with German care home operator Curanam. The deal also involved a public takeover offer for all of Curanam's shares, valued at EUR106 million.

Notable practitioners  

Peter Dieners heads Clifford Chance's global life sciences and healthcare group. Clients consider him "an expert in medical devices and clinical trials" due to his "experience, knowledge and contacts with German regulators." Interviewees also praise him for providing "clear analysis and precise, clear advice that gives you the answer." His expertise extends to advising on major M&A transactions involving healthcare providers, including advice for Chequers Capital on the acquisition of out-of-clinic intensive care provider Deutsche Fachpflege Holding.

Client describe Ulrich Reese as "incredibly committed, enthusiastic and always looking for innovative ways to work more efficiently." He also wins praise for being "very skilled in getting the point across" in litigation proceedings. Recent highlights include representing the German Association of Pharmaceuticals (BAH) in a challenge to the guidelines proposed by the Federal Institute for Drugs and Medical Devices on the use of umbrella trademarks for medicinal products.

Significant clients Pfizer, GlaxoSmithKline, Johnson & Johnson Holding, GE Healthcare, ACRO.

Insurance - Germany

Basic facts about the department 
- 4 partners
- 1 other qualified lawyer

What the team is known for Acts on a range of transactional mandates in the insurance sector for insurers and reinsurers. Expertise covers joint ventures, acquisitions and disposals. Also assists with supervisory law issues, liability management and regulatory work.

Work highlights Acted for Uniqa Versicherungen on the sale of its stake in Mannheimer Holding to Die Continentale.

Advised Volkswagon Financial Services on the formation of a car insurance joint venture with Allianz.

Notable practitioners Thomas Krecek is the contact person for insurance matters.

Significant clients Zurich, Swiss Life, AXA, Generali, Munich Re.

Intellectual Property - Germany

This firm is classed as a "Other Noted Firm".

Other Noted Firms are firms that are active in this practice area but have not yet been ranked.

Investment Funds - Germany

Basic facts about the department
- 3 partners
- 7 other qualified lawyers

What the team is known for Top-tier team that frequently acts on private equity and hedge fund mandates, and also actively advises on the implementation of the AIFM Directive.

Strengths (Quotes mainly from clients)
"The team is really knowledgeable about German investment fund law and responds very quickly with pragmatic solutions."

Work highlights Advised Deutsche Bank subsidiary DB Private Equity on the implementation of the AIFM Directive.

Notable practitioners  

Sven Zeller is highly recommended for his extensive experience in the investment industry, with sources hailing him as "an investment fund expert." Clients appreciate his pragmatic approach and specialist knowledge of investment fund law. He recently advised MGPA on real estate deals in Japan.  

Clients recommend Josef Brinkhaus for his business-focused and client-centric approach. He focuses on domestic and international tax and investment law.

Significant clients Art-Invest Real Estate Funds, DB Private Equity, MGPA, PATRIZIA WohnInvest, Shell Asset Management Company.

Private Equity - Germany

Basic facts about the department 
- 6 partners
- 14 other qualified lawyers

What the team is known for Handles private equity matters across a number of sectors including healthcare, utilities and manufacturing. Expertise includes tax issues related to buyout deals, fund creation, and structuring and exit strategies. Collaborates with capital markets and tax practices.

Strengths (Quotes mainly from clients)
"The team knows our business well." 

"It is one of the best for cross-border work." 

Work highlights Advised Bridgepoint Capital on the sale of Aenova Holding.

Advised Chequers Capital on the acquisition of Deutsche Fachpflege Holding.

Notable practitioners

Oliver Felsenstein is highly regarded by peers and clients alike and is noted for his market understanding. He has particular experience of transactions within the real estate, automotive and retail sectors.

Christopher Kellett is praised for making legal concepts accessible to non-lawyers and for his broad understanding of transactions. "I'd recommend him for complex, bigger deals," reports a client.

Burc Hesse assists private equity investors with domestic and cross-border M&A transactions. His practice covers both the buy-side and sell-side of acquisitions as well as co-investments.

Significant clients Montagu Private Equity, Cinven Partners, HgCapital, EQT Infrastructure.

Projects - Germany

Basic facts about the department 
- 6 partners
- 30 other qualified lawyers

What the team is known for A clear leader in the German project finance market, fielding an outstanding team with in-depth expertise in a number of sectors, including transport infrastructure, power, healthcare and mining. Distinguished by its strong international outlook, with involvement in landmark projects in Turkey, the Middle East and Africa, as well as its presence on high-profile domestic project finance transactions. 

Strengths (Quotes mainly from clients)
"The Clifford Chance projects team really drives the process and comes up with solutions." 

Work highlights Advised an international banking consortium on the USD1.23 billion financing of the Istanbul Strait Road Tunnel Crossing project.

Assisted a consortium of German, French and Japanese lending banks with the financing of the new Düsseldorf Lausward power plant in a EUR650 million deal.

Notable practitioners  

The top-ranked Riko Vanezis is particularly visible in international projects and has a strong focus on the Turkish market. In addition to overseeing the Istanbul Strait Road Tunnel Crossing project, he recently took the lead on the financing of the Gebze Izmir Toll Motorway, the largest infrastructure project to be financed on a project finance basis in the history of Turkey.

Leading project finance lawyer Beda Wortmann has advised on a number of high-profile European energy projects in recent months, including the Skogberget wind farm in northern Sweden, where he headed the team acting for KfW IPEX-Bank and SEB on its EUR85 million financing. Commentators say: "He's great at negotiating and really focuses on finding solutions."

Sources note Tobias Schulten's "commercial mindset," adding: "He is very pragmatic, knows what his clients want, and never loses sight of his goals or stops trying to close the transaction." His recent mandates include advising a major German bank on the bridge financing of a solar park portfolio, with a value of up to EUR65 million.

Dietrich Stiller has a broad scope of expertise in the sector, with particular experience of infrastructure and industrial facilities financings. He has advised on many deals in the CIS and Asia, where he is able to make use of his extensive language skills, speaking Bahasa Indonesia and Korean in addition to English and German.

Florian Mahler is active on a diverse range of project finance transactions. Clients praise his pragmatic approach, saying: "He really tries to make the deal happen."

Significant clients KfW IPEX-Bank, UniCredit Group, Limak Investments, Deutsche Bank, Euler Hermes.

Public Law - Germany

Basic facts about the department
- 2 partners
- 15 other qualified lawyers

What the team is known for Has a broad range of environmental knowledge and expertise at its disposal, including waste management, energy, emissions trading and contamination. Also renowned for its involvement in national and pan-European public procurement.

 Strengths (Quotes mainly from clients)
"The team's main strengths are its profound knowledge of the regulatory framework and extreme responsiveness."

Work highlights Assisted Amprion with permitting procedures related to major new power lines.

Advised South Korean company Hanwha Chemical on state aid, permitting and environmental law issues related to its acquisition of Q-Cells' commercial and industrial assets.

Notable practitioners  

Sources recommend Horst Schlemminger for his environment law advice, particularly in real estate transactions.

Significant clients Amprion, EQT Infrastructure II, GETEC, Gunvor, Rheinenergie. 

Real Estate - Germany

Basic facts about the department
- 10 partners
- 25 other qualified lawyers

What the team is known for Outstanding track record in real estate transactions, both in Germany and internationally. Large team which is consistently seen on some of the biggest single-asset and portfolio deals, with particular experience advising on complex acquisitions and disposals for clients based across Europe and Asia. Highly sought after for advice on cross-border mandates, and also advises on a significant number of smaller transactions in Germany.

Strengths (Quotes mainly from clients)
"The lawyers we work with are commercial, pragmatic, and like to get the deal done."

"Whenever we have international work Clifford Chance really co-operates in a perfect manner. It really is a fully integrated law firm."

What's new? Dr Gerold Jaeger and Thomas Reischauer were made up to partner last year.

Work highlights Advised a consortium of investors led by Allianz on its EUR400 million acquisition of the Polish shopping centre Silesia City Centre.

Advised Russian investors on the well-publicised acquisition of Palais an der Oper in Munich.

Notable practitioners  

Cornelia Thaler leads the firm's real estate team in Germany. Clients appreciate that "she is very concentrated on the deal and can cope with difficult parties on the other side," and she wins further praise for her ability to work "in an efficient and cost-effective way." Thaler recently assisted Tristan Capital Partners and Pamera Asset Management with the sale of office building BBW Bürohaus Bockenheimer Warte to a consortium comprising Aurec Capital and two Israeli insurance companies.

Highlights for Christian Keilich in the past year include advising FREO Group on the sale of three office and retail properties in Frankfurt and Berlin, valued at EUR500 million. Clients report that he is "extremely cool and takes the initiative in negotiations." He impresses interviewees with his work on complex share deals, joint ventures and structured transactions.

Interviewees describe Reinhard Scheer-Hennings as "very keen and smart, even after 12 hours of negotiating." He also receives praise for his "great network," with clients saying: "If you need to contact someone in real estate finance or have a business opportunity he can bring you together." Standout mandates include advising a subsidiary of Sierra European Retail Real Estate Asset Fund on the sale of Münster Arkaden.

Market commentators highlight Klaus Minuth's increasing activity in notarial services. He remains recognised as "one of the excellent real estate lawyers in the market," with sources noting: "He has the experience and it is always very helpful to have him at the table." Minuth recently acted for a subsidiary of RBS on the sale of two office and retail complexes in Frankfurt and Berlin.

Significant clients Allianz Real Estate, The Carlyle Group, Commerzbank, Investa, RBS.

Real Estate - Germany

Basic facts about the department
- 8 partners
- 20 other qualified lawyers

What the team is known for Outstanding real estate finance practice, recommended for its involvement in the biggest German financing transactions, which showcase its broad scope of expertise and varied client base. Particularly strong on the borrower side of major projects and acquisition financings, and has also advised lenders on some of the most high-profile CMBS transactions in the market. Well-resourced team able to handle a wide variety of large-scale mandates.

Strengths (Quotes mainly from clients)
"Lawyers at the firm have a broad knowledge of real estate and real estate finance matters and are known for their charming way of handling clients and matters."

Work highlights Advised Goldman Sachs and Bank of America Merrill Lynch on a CMBS transaction valued at EUR2.016 billion, the largest of its kind in Europe since the beginning of the financial crisis.

Advised Rockspring on the EUR275 million refinancing of a German retail real estate portfolio.

Notable practitioners  

Beda Wortmann is widely acknowledged as one of the most active figures in the German real estate financing market. He is often seen advising the lender side on real estate portfolio financings, and impressed clients note that "he knows the ins and outs of this sort of transaction absolutely." His recent highlights include advising Hatfield Phillips International on the restructuring of a EUR168 million securitised real estate loan.

Clients say Tobias Schulten achieves a "remarkable balance of technical ability and diplomacy, which makes him an excellent negotiator," whilst peers say: "Once he's on the deal, you know it will get done." Standout mandates include advice to Europa Capital on the financing of a designer outlet shopping centre in Wolfsburg.

Significant clients Bank of America Merrill Lynch, RBS, Deutsche Bank, Hatfield Phillips International, IVG Institutional Funds.

Restructuring/Insolvency - Germany

Basic facts about the department
- 4 partners
- 9 other qualified lawyers

What the team is known for Deep expertise in representing clients in international mandates. Highly regarded on the domestic market for advising German banks on financial restructuring mandates.

Strengths (Quotes mainly from clients)
"A very well-positioned firm in the German market with a strong global network of lawyers."

"The lawyers did an outstanding job for us: they were very accurate, timely, responsive and energetic."

Work highlights Advised Euro-Druckservice Gruppe on a EUR170 million corporate restructuring.

Notable practitioners  

Excellent market feedback sees Stefan Sax move up to the top of the rankings. Sources say: "He is extremely strong in this field and has a solid commercial mind set. He is very well regarded in the German insolvency landscape and his reputation, expertise and knowledge really helped us." He recently advised on the EUR170 million restructuring of Euro-Druckservice Gruppe.

"Senior and highly experienced" practitioner Heinz-Günter Gondert represented the Free State of Saxony in a liability insurance mandate valued at EUR50 million.

Significant clients Free State of Saxony.

Tax - Germany

Basic facts about the department
- 11 partners
- 3 counsel
- 16 associates

What the team is known for A broad tax practice encompassing M&A transactions, structuring and high-level disputes, with particular strength in the area of funds. Especially highly regarded for real estate funds.

Strengths (Quotes mainly from clients)
"Good structuring skills, tax advisory, due diligence and negotiation of financial documents. It works very well. Everything was on time and the team is well integrated."

Work highlights Advised IVG Immobilien on the tax aspects of the 2012 listing of its EUR1.35 billion REIT on the regulated market.

Assisted chemical group Celanese with VAT issues related to the transfer of environmental liability risks to a special company.

Notable practitioners

Market commentators praise Stefan Behrens for his "expert knowledge" of real estate transaction tax. His practice also covers corporation tax, restructurings, tax field audits and court proceedings.

Head of the funds group Josef Brinkhaus is "responsive, very well connected and well informed about current developments," according to clients.

Sources recognise Hubert Schmid as a leading tax lawyer who specialises in structured finance. He recently advised Morgan Stanley on the sale of the Trianon office tower in Frankfurt to Madison International.

Significant clients IVG Immobilien, Morgan Stanley, Celanese, State of Rhineland-Palatinate, Allianz.

TMT - Germany

Basic facts about the department
- 4 partners
- 11 other qualified lawyers

What the team is known for Magic circle firm highlighted for its transactional expertise in the IT sector. Also assists with outsourcings, software licensing and development agreements, as well as data protection matters.

Work highlights Advised Telegraaf Media Groep on the EUR391 million sale of a 6% stake in ProSiebenSat.1 Media.

Assisted Postbank with the outsourcing of its German facility management to Deutsche Post Real Estate Germany.

Notable practitioners

Bernd Meyer-Witting heads the IT practice and is the main point of contact for clients.

Significant clients ACCESS, ACS Pharma, Hanwha, Oracle, Pfizer.

Banking & Finance - Italy

Basic facts about the department
- 3 partners
- 1 counsel
- 16 other qualified lawyers

What the team is known for Especially active in high-yield work, corporate finance and real estate finance. Sources appreciate the ease of access to senior partners, as well as the far-reaching expertise in both UK and Italian-law matters.

Strengths (Quotes mainly from clients)
"A large structure that can effectively handle difficult situations."

"Able to effectively deal with the technical and practical aspects of Italian law."

Work highlights Acted for Generali on a series of revolving facilities agreements. The total deal value was EUR1.8 billion.

Assisted Gruppo Statuto with restructuring The Four Seasons' debt, and a related securitisation transaction. 

Notable practitioners 

Dual-qualified in both Italy and the UK, Charles Adams wins a wealth of positive feedback from interviewees and is unanimously regarded as one of the standout names in the market. His expertise spans project finance, syndicated loans and leveraged finance. "He is the king of leveraged finance; he is always thinking ahead and is capable of implementing brand new structures," notes a source.

Department head Giuseppe De Palma wins praise for his commercial approach: "He doesn't get bogged down in the technical aspects." He recently represented Telefónica and Telco in the refinancing of the latter's EUR2.8 billion financial indebtedness.

Significant clients Barclays, Intesa Sanpaolo/Banca IMI, BNP Paribas, JPMorgan, European Investment Bank.

Capital Markets - Italy

Basic facts about the department 
- 8 partners
- 46 other qualified lawyers 

What the team is known for An undisputed leader in the Italian capital markets field. It boasts a large team of highly skilled practitioners, offering a full-service and integrated approach. This year sees the firm's debt capital markets practice rise to Band 1 alongside the ECM team, due to the volume and complexity of the recent work undertaken by the team and the superb market feedback it receives.

Strengths (Quotes mainly from clients)
"It provides a very specialised service; the team knows the Italian market very well and has an ability to find legal and contractual solutions." 

"It has the benefit of being involved in such a high volume of deals that it is in a position to be up to speed regarding the evolution of the market practice." 

"It has a complementary domestic and international team that works very well together." 

"It is very active; the lawyers are certainly central players." 

Work highlights Advised the joint global co-ordinators, book runners and underwriters on the Unipol/Fondiaria-Sai rights issue, that had a combined value of EUR2.2 billion.

Notable practitioners  

Alberta Figari is unanimously admired by sources. She leads most of the firm's equity transactions, most recently the Unipol/Fondiaria-Sai rights issue. She has been identified as a star individual due to superb feedback: "She is really stunning: she has seen so much and she is really helpful despite being very, very senior. She truly assists the client and is very present." 

UK-qualified Filippo Emanuele continues to play a central role in the firm's transactions governed by UK law.

Tanja Svetina leads the securitisation deals, including a EUR1 billion asset-backed notes issuance platform deal for BSI. She continues to play a key role in the practice and is recognised as a central player in Italy's securitisation market.

Lucio Bonavitacola is a key player in the firm's reputable debt practice. He enters the rankings this year based on an impressive workload. Satisfied clients affirm: "We are very happy with him; we have an excellent rapport. He is available and efficient, and we do a lot of work with him."

Franco Grilli Cicilioni continues to be active on several of the team's more complex transactions, including assistance to the dealer managers in connection with the EUR2 billion exchange offer by Intesa Sanpaolo of existing subordinated securities for new sector securities.

Senior associate Carlo Lichino assists the team with the vast majority of the securitisation deals, maintaining a high level of involvement.

Significant clients Banca IMI, Deutsche Bank, Merrill Lynch, Natixis, UBS.

Since publication, Franco Grilli Cicilioni has retired from this practice.

Competition/European Law - Italy

Basic facts about the department 
- 2 partners
- 1 counsel
- 4 other qualified lawyers

What the team is known for Highly active on both local and international levels, drawing on strong relationships with the institutional authorities. A firm grounding in administrative procedures, though recent hires have served to bolster strength in traditional antitrust matters.

Strengths (Quotes mainly from clients)
"Provides a high-quality service."

What's new? Luciano Di Via joined the team from Bonelli Erede Pappalardo.

Work highlights Represented Alliance One International, Mindo and Transcatab in an appeal case before the European Court of Justice, following the EU Commission's decision concerning a raw tobacco cartel case.

Notable practitioners  

Sources agree that Luciano Di Via will prove a beneficial addition to the team. He has long-standing experience acting for domestic and international clients in the food and beverage, retail, insurance, energy and telecoms industries.

Significant clients EDF, McGraw-Hill, Barclays, Meridiana fly, Carrefour.

Corporate/M&A - Italy

Basic facts about the department
- 5 partners
- 29 other qualified lawyers

What the team is known for Highly regarded for cross-border transactions, with a strong reputation for work in the banking sector. Also active in energy, food and luxury goods. 

Strengths (Quotes mainly from clients)
"It would be one of my top choices for international M&A: the lawyers know what makes things easier time-wise and also cost-wise."

"It was fast in delivery, accurate and very flexible. The team was well connected and each lawyer was up to speed on what was going on."

"Very good in negotiations." 

Work highlights Advised Fondo Strategico Italiano on joint venture agreements with Qatar Holding, in a EUR2 billion deal.

Instructed by EDF on the EUR892.7 million tender offer, sell-out and delisting of Edison's ordinary shares.

Notable practitioners 

Paolo Sersale rises in the rankings thanks to resounding market praise. "He is really flexible in understanding our needs and works very well under significant time pressure. He is also very creative," declares one satisfied client.

Umberto Penco Salvi is valued by clients for his "reliability, availability and sheer dedication," while peers applaud his "extreme commitment." He was a key player in the EDF transaction.

Though best known for her exceptional capital markets expertise, Alberta Figari is still an active M&A player. As one client notes: "She provides valued support and is very skilled in areas such as negotiations and contractual matters."

Significant clients Edison, Carrefour, Fondo Strategico Italiano, E.ON, Generali.

Dispute Resolution - Italy

Basic facts about the department
- 3 partners
- 21 other qualified lawyers

What the team is known for Strong banking and finance expertise and wins praise for its prowess at handling white-collar crime. Leverages on a broad network to provide a truly international service.

Strengths (Quotes mainly from clients)
"Provides 360-degree assistance and is very good in negotiations."

"Very business-oriented." 

Work highlights Acted for Citibank on market rigging and bankruptcy crimes in the Parmalat case. This matter was valued at EUR14 billion.

Represented some of Standard & Poor's executives in a criminal investigation for market abuse.

Notable practitioners  

Department head Fabio Guastadisegni is the practice contact.

Significant clients Bank of America, Enel, Barclays, Generali, Carrefour, Deutsche Bank.

Employment - Italy

Basic facts about the department
- 1 partner
- 10 other qualified lawyers

What the team is known for Focuses on high-end contentious and consultancy work, including transactional support, incentives, outsourcings, business transfers and restructurings. An impressive client roster comprises some of the leading domestic and international banks, retail and energy corporations.  

Strengths (Quotes mainly from clients)
"Provided accurate and flexible support."

"I was really impressed by the team's timely reactions."  

Work highlights Advised Shell on the employment aspects and union negotiations related to the sale of its retail, aviation and supply and distribution businesses.

Acted for NTT DoCoMo on negotiating service agreements with management.

Notable practitioners  

Simonetta Candela "listens to the context and adapts her advice accordingly," note interviewees. Her core practice focuses on corporate issues, complex restructurings and litigation, and she recently advised Cesare Fiorucci on a restructuring affecting 250 employees.

Significant clients Apple, Amazon, Sanofi Pasteur, Carrefour, Barclays.

Energy & Natural Resources - Italy

Basic facts about the department
- 28 qualified lawyers

What the team is known for The practice is characterised by the close co-operation between its corporate, financial and tax teams and its affiliation with the firm's wider network. Its strong client portfolio includes major international and domestic players that operate across the entire energy sphere, including regulatory bodies and financial institutions.

Strengths (Quotes mainly from clients)
"Accommodating, responsive and efficient."

Work highlights Advised Enel on litigation in relation to the environmental issues concerning electric power plants.  

Advised Intesa SanPaolo on a EUR600 million revolving credit facility concerning A2A.

Notable practitioners  

Charles Adams impresses his international clients with expertise in the energy sector, particularly in matters related to banking. Work highlights include the financing and refinancing of major projects and advising several banks on a variety of energy-related mandates.

Chiara Commis is widely respected in project finance and has accumulated a great deal of expertise in energy.

Significant clients A2A, British Gas, EDF, Edison, RWE.

Private Equity - Italy

Basic facts about the department
- 6 partners
- 20 other fee earners

What the team is known for Acts on high-profile international and domestic private equity deals. Handles the full range of exit transactions, including major IPOs. Often leverages its strong debt capital markets and banking and finance teams to advise the lenders on innovative LBOs and other private equity-related financing deals.

Strengths (Quotes mainly from clients)

"Fast delivery, accurate in its work and very flexible. Each member of the team was up to speed about what was going on." 

"One of the reasons we choose Clifford Chance is that it is an international firm with a large global footprint, and it can assist with all aspects of our work worldwide."

Work highlights Advised FSI on its EUR2 billion joint venture with Qatar Holding to invest in Italian companies operating in the luxury goods, design, fashion, tourism and leisure industries.

Advised Syntegra Capital on the successful IPO of its portfolio company Moleskine.

Notable practitioners  

Interviewees describe Paolo Sersale as "very calm, able and pleasant to work with," also noting that he is "available and committed, and really flexible in understanding the client's needs." He played a key role in advising FSI on its joint venture with Qatar Holding.

Clients view rising star Claudio Cerabolini as a valuable adviser, stating: "He's proactive, tough in negotiations and is able to handle any issue that arises. It is a real pleasure to work with him." 

Significant clients FSI, Syntegra Capital, Principia, Nippon Express, AKFED.

Public Law - Italy

Basic facts about the department
- 1 partner
- 8 other qualified lawyers

What the team is known for Renowned international practice covers everything from energy and infrastructure to telecoms and banking regulatory law. Recently experienced a surge in environmental procedures and litigations. 

Work highlights Represented Enel in a litigation concerning various environmental law issues related to the operation of electric power plants.

Notable practitioners  

Aristide Police is a towering figure in the field of administrative and regulatory law, and draws extensive praise for his commercial acumen and 24/7 availability.

Significant clients Pfizer, Barclays, H3G, European Investment Bank.

Real Estate - Italy

Basic facts about the department
- 4 partners
- 1 counsel
- 20 other qualified lawyers

What the team is known for Takes a prominent role in many of the market's most significant international mandates, acting either for global players or Italian clients with interests abroad. Work highlights are dominated by transactional mandates and debt restructurings.

Strengths (Quotes mainly from clients)
"Reliability, an extensive network and a proactive approach to supporting its clients' needs."

Work highlights Represented the Asian luxury hotel chain Shangri-La in the EUR116 million acquisition of Turati Properties.

Acted for new client Central Retail Corporation on the EUR130 million acquisition of a retail portfolio in Rome.

Notable practitioners  

As practice head, Paolo Rulli co-ordinates all of the firm's major deals. Interviewees confirm that he is "very determined, easy to get on with and provides high-quality advice on real estate matters."

Significant clients Assicurazioni Generali, Standard Life Investments, The Carlyle Group.

Restructuring/Insolvency - Italy

Basic facts about the department
- 5 partners
- 5 other qualified lawyers

What the team is known for Offers cross-border capabilities enhanced by a strong global network. Has particular expertise in representing senior lenders and co-ordinating committees in matters relating to extraordinary administration, debt restructuring and insolvency-related litigation. 

Strengths (Quotes mainly from clients)
"It can cover all kinds of matters thanks to a far-reaching network."

Work highlights Represented Standard & Poor's in a EUR4 billion civil claim relating to the bankruptcy of Parmalat.

Advised a group of lending banks on the EUR90 million second-round restructuring of UTIL.

Notable practitioners 

Charles Adams rises in the rankings following market recognition for his work on some of the biggest international restructuring mandates. Clients are quick to praise his excellent mediation skills: "He's one of the most reputable lawyers in Italy. He's an outstanding mediator."

Significant clients BNP Paribas, Carrefour, Standard & Poor's, ING, JPMorgan, RBS.

Tax - Italy

Basic facts about the department
- 1 partner
- 5 other qualified lawyers

What the team is known for Offers expertise in the taxation of M&A and capital markets deals. Demonstrates strong international nous through involvement in numerous cross-border restructurings over the past twelve months.

Strengths (Quotes mainly from clients)
"Very client and business-oriented, and able to find satisfactory solutions for any situation."

"Really hands-on and pragmatic." 

Work highlights Advised Cassa Depositi e Prestiti and its subsidiary Fondo Strategico Italiano on the tax aspects of a EUR2 billion joint venture with Qatar Holding.

Notable practitioners 

Practice head Carlo Galli handles the tax issues related to capital markets and structured finance, M&A, tax planning and transfer pricing. One interviewee notes: "He is well known in the industry and has strong know-how and market standing. I really liked his relaxed approach, while always being direct and pragmatic."

Significant clients ABN AMRO, Credit Suisse, Crédit Agricole, GDF SUEZ.

Banking & Finance - Luxembourg

Basic facts about the department
- 3 partners
- 23 other qualified lawyers

What the team is known for Sizeable team made up of banking and finance and capital markets experts. Highly recommended for cross-border mandates thanks to its international network. Particularly noted for advising lenders on high-value agreements.   

Strengths (Quotes mainly from clients)
"The lawyers really understand our business and offer excellent client care."

Work highlights Advised Barclays, as administrative agent and joint lead arranger, in regards to a USD2.3 billion term loan facility and a EUR400 million term loan facility granted to two affiliates of The Carlyle Group for the acquisition financing of DuPont Performance Coatings. 

Notable practitioners  

The "brilliant" Steve Jacoby co-heads the practice. He advises on bank lending, capital markets, securitisation, acquisition finance, derivatives, corporate law, banking regulation and insolvency matters.

Christian Kremer handles both transactional work and advisory work for numerous financial institutions. He is also highly regarded for his work in capital markets. One client enthuses: "He worked on a very complex transaction and his feedback and contribution were exceptional."

Marc Mehlen is appreciated by clients for his articulate and to-the-point advice: "He is very quick-thinking and able to explain complicated concepts well. He gives decisive answers rather than vague legal advice." 

Capital Markets - Luxembourg

Basic facts about the department
- 3 partners
- 23 associates

What the team is known for Handles major debt capital markets mandates for leading corporates and major financial institutions. Covers high-value senior and high-yield note programmes, as well as covered bond issues. Significant activity around the European Stability Mechanism.

Strengths (Quotes mainly from clients)
"I worked with the lawyers on a challenging transaction which involved cross-border issues and questions that hadn't appeared on the market previously. The team was very efficient and I highly recommend it."

Work highlights Assisted the European Stability Mechanism with the establishment of its debt issuance programme, designed to finance loans to Eurozone member states.

Advised Anheuser-Busch InBev on two note issues with a combined value of over USD1 billion.

Notable practitioners 

Steve Jacoby is praised for his practical approach: "He finds an efficient solution suitable for all parties involved and does not waste time on theoretical questions." 

Christian Kremer is noted for his visibility on major deals in the capital markets field. He recently assisted Sunrise Communications International with a series of secured note issues worth the equivalent of around CHF900 million.

Respected practitioner Marc Mehlen's recent activity includes assisting Anheuser-Busch InBev with a series of high-value bond issuances.

Significant clients EFG Funding, The Bank of New York Mellon, HSBC, BGL BNP Paribas.

Corporate/Commercial - Luxembourg

Basic facts about the department
- 2 partners
- 20 associates

What the team is known for Acts on both private and public M&A deals with cross-border elements. Recognised for its work in the banking and insurance sectors as well as its tax structuring advice. Also assists with corporate governance and corporate restructurings.  

Strengths (Quotes mainly from clients)
"The team has done extremely well in the sale of assets in Luxembourg."

"It has been involved in all the high-profile M&A deals with the government."

Work highlights Advised Deutsche Bank on the EUR4.5 billion sale of Actavis Group to Watson Pharmaceuticals.

Assisted CEIL Japan with the JPY80 billion acquisition of kaiten sushi operator Akindo Sushiro.

Notable practitioners  

Office managing partner Christian Kremer is a versatile practitioner who is noted for his considerable expertise in the corporate, capital markets and banking fields.

"Extremely strong player" Steve Jacoby is particularly well regarded for his banking and finance work, but also regularly handles significant corporate law issues. He co-heads the office’s banking and capital markets group.

Significant clients Stirling Square Capital Partners, Riverside Europe Partners, Permira IV, Clayton Dubilier & Rice, KKR.

Dispute Resolution - Luxembourg

Basic facts about the department
- 1 partner
- 7 other qualified lawyers

What the team is known for Offers comprehensive dispute resolution expertise covering litigation, arbitration and ADR. Equipped to handle both national and international disputes, and clients include large international banks and companies. 

Notable practitioners  

Department head Albert Moro advises on corporate litigation, arbitration, employment and real estate.

Employment - Luxembourg

Basic facts about the department
- 1 partner
- 7 other qualified lawyers

What the team is known for A full-service approach to transactional, litigation and advisory employment law matters. Handles numerous major domestic and cross-border cases, aided by the firm's substantial international network. Offers notable expertise in data protection mandates.

Strengths (Quotes mainly from clients)
"The analysis is comprehensive and takes into account the needs of all parties, as well as the legal issues. The advice we receive is pragmatic, and has always helped us to optimise our position in a case."

Notable practitioners  

Clients praise department head Albert Moro for his "quick response times, excellent business acumen and creativity in negotiations." He frequently acts for market-leading global financial institutions on high-end, complex employment queries.

Investment Funds - Luxembourg

Basic facts about the department
- 1 partner 
- 15 other qualified lawyers 

What the team is known for Broadly experienced department advising on all issues around the establishment and management of major funds, as well as assisting with investment questions and handling fund mergers. Notable activity around insurance and private equity, and regarded as a leading player for real estate fund mandates.  

Strengths (Quotes mainly from clients) 
"It is an excellent team which covers the full life of the fund, providing perfect support."  

"The lawyers are straightforward and don't just tell you what you want to hear - this gives us a clear picture of the market. You always feel like they are up to date, and they have excellent relationships with the relevant authorities."

Work highlights Assisted Eastspring Investments Singapore with the establishment of a Luxembourg regulated management company.

Advised Quilvest on the formation of a private equity umbrella investment vehicle.

Notable practitioners  

Department head Joëlle Hauser is praised for her "extremely wide knowledge of investment funds." Other clients highlight her "brilliant network" and "ability to explain complicated concepts in a way non-lawyers can understand."

Significant clients Corpus Sireo, Niam, Oaktree Capital Management, Citibank.

Real Estate - Luxembourg

Basic facts about the department
- 1 partner
- 7 other qualified lawyers

What the team is known for Substantial real estate expertise, with particular strength in property-related litigation. Also boasts a significant track record in lease negotiations, and the tax elements of real estate mandates.

Strengths (Quotes mainly from clients)
"Absolutely excellent! I will definitely be using this firm again for real estate matters."

Notable practitioners  

Albert Moro is noted for his "encyclopaedic knowledge" of the Luxembourg real estate market, particularly the wealth of experience he offers in real estate litigation.

Tax - Luxembourg

Basic facts about the department
- 1 partner
- 5 other qualified lawyers

What the team is known for Well known for advising clients from the banking, funds and insurance sectors on sophisticated tax issues. Handles all areas of tax law, from structuring to implementation of rulings, and offers in-depth experience of the domestic market to the firm's high-profile international client base.

Strengths (Quotes mainly from clients)
"I have been very pleased with Clifford Chance's work, especially on cross-border issues involving different offices. The results have been excellent."  

"A very flexible and client-oriented tax team." 

Work highlights Recently advised investor Pictet & Cie on the tax aspects of its involvement in the consortium acquisition of Duff & Phelps, a financial advisory and investment banking firm. The acquisition entity was incorporated under Luxembourg law.

Notable practitioners  

Department head François-Xavier Dujardin is appreciated for his quick response times and attention to detail, alongside many other positive attributes: "He is really, really good - his analysis is incredibly thorough, and he is hands-on and very practical." Dujardin has expertise in the tax implications of structured finance cases and fund transactions.

Significant clients Apollo, DRC Capital, Bridgepoint, Citigroup.

Banking & Finance - Netherlands

Basic facts about the department
- 4 partners
- 5 counsel
- 21 other qualified lawyers

What the team is known for Outstanding team covering all aspects of high-end financing and refinancing deals, with particular expertise in asset finance and trade and export finance. Noteworthy bench strength and extensive English law expertise. Respected regulatory offering.

Strengths (Quotes mainly from clients)
"The lawyers are smart, quick and constructive."  

"The team is extremely client-focused."  

Work highlights Advised Citibank on a EUR360 million buyer credit facility for TUI Cruises to acquire a cruise vessel, a complex deal backed by Finnvera and funded through FEC.

Supported Arle Capital Partners and Stork with the refinancing and related restructuring of several subsidiaries.  

Notable practitioners  

Practice head Mark Huddlestone is singled out as a "standout name for work on the lender side" and is additionally described as "a respected partner for international deals with a Dutch link." He recently advised ABN AMRO on a USD400 million revolving credit facility granted to Gazprom Marketing & Trading.

Managing partner Bas Boris Visser is highlighted for his ability to pinpoint solutions: "He gets transactions done by making sure both sides are satisfied. When there are issues, he doesn't make a big deal - he irons them out so everyone is happy." He is praised for his considerable experience in acquisition finance.

The "extremely experienced" Jelle Hofland has a busy practice which covers acquisition finance, refinancing and general bank lending. Clients recommend him for his "fluid and flexible way of negotiating - he is very good at finding a consensus."

Angela McEwan regularly advises leading financial institutions such as ABN AMRO and Rabobank. She is valued for her "dedication and genuine interest in the client."

Frank Graaf is highlighted as a key figure for regulatory advice at the firm. Sources say: "He is definitely one of the recognised specialists for clearing, settlement and derivatives advice." Another interviewee adds: "He is seen as one of the go-to people in the market."

Respected counsel Jackie Jones recently assisted SEB and the EBRD with a EUR65 million loan to finance the expansion of a Lithuanian container-handling terminal owned by LKAB Klaipėdos Smeltė.

Titus De Vries handles topics including general lending, acquisition finance and refinancing. He recently advised Rabobank on the refinancing of a EUR50 million bilateral facility provided to Royal Boon Edam. He is described as a lawyer who is "always creative and thinking one step ahead."

Significant clients BNP Paribas, Deutsche Bank, Eneco, FMO, ING.

Capital Markets - Netherlands

Basic facts about the department
- 6 partners
- 30 other qualified lawyers 

What the team is known for Leading choice for DCM mandates, with a strong banking client base and the ability to assist with UK and USA-related legal issues. Well-regarded teams for equity work and securitisation, plus additional regulatory expertise. Considerable knowledge of derivatives and other structured finance issues, including covered bonds.

Strengths (Quotes mainly from clients)
"Extremely client-focused and transaction-oriented."

"The firm's strengths include its track record, the respected individuals within the team and its negotiation capabilities."

Work highlights Advised ABN AMRO and ING as joint global co-ordinators and joint bookrunners on Boskalis' offering of EUR320 million in new ordinary share capital.

Assisted ABN AMRO with a 'dim sum' issue under its MTN programme, a bond denominated in Chinese renminbi and issued in Hong Kong.

Notable practitioners  

Frank Graaf offers extensive DCM and derivatives expertise, with clients particularly highlighting his knowledge of the new European Market Infrastructure Regulation (EMIR). He recently advised EADS and its subsidiary EADS Finance on its debut US bond issue, valued at USD1 billion.

The "brilliant" Pieter van Welzen is a securitisation specialist who is appreciated for the fact that "he is creative and good at thinking outside the box." He recently assisted Rabobank with a bank receivables securitisation for a group of companies in the agricultural sector.

Of counsel Tineke Kothe handles debt mandates on behalf of a range of major clients, recently advising Citibank, ING and Morgan Stanley in relation to a tender for cash and subsequent bond issue carried out by Alliander.  

The "accomplished" Hans Beerlage took a lead role on Boskalis' equity offering of EUR320 million in new ordinary share capital. Sources say: "He is an absolute expert and always on the ball himself - doing the work and staying fully up to speed and reachable." 

Jurgen van der Meer is valued by clients because "he is very knowledgeable, and capable of translating that knowledge into practical advice." He is a debt expert with additional experience of banking and trading regulatory issues. 

Significant clients The Bank of New York Mellon, Nielsen Holdings, Shell Asset Management, Volkswagen International Finance, Deutsche Bank.

Competition/European Law - Netherlands

Basic facts about the department
- 2 counsels
- 6 other fee earners

What the team is known for At an advantage in major state aid mandates due to its excellent track record in banking and finance. Also recognised for its activity in merger control proceedings, cartel issues and compliance matters, both within the Netherlands and at an EU level.

Strengths (Quotes mainly from clients)
"The expertise the team has allows it to advise quickly and opine strongly. The knowledge it has is up to date, too."

Work highlights Representing airBaltic in a state aid investigation by the EC.

Advised Mercuria Energy Group and Vesta Terminals on the joint merger control notification to the EC for the sale of 50% of the equity in Vesta Terminals to Sinomart KTS Development.

Notable practitioners  

Clients appreciate Steven Verschuur's strong analytical skills. He is best known for his state aid practice, particularly within the financial services sector.

Senior associate Frances Dethmers is well regarded for her Dutch competition practice, which is based in Brussels.  

Significant clients ABN AMRO, Dutch Central Bank, European Directories, Pfizer, SAMSUNG.

Corporate/M&A - Netherlands

Basic facts about the department
- 10 partners
- 4 counsel
- 40 associates

What the team is known for Respected M&A team which benefits from the firm's leading private equity offering. Notable corporate litigation capabilities and extensive experience in areas including natural resources and agribusiness. Particularly strong for international deals.

Strengths (Quotes mainly from clients)

"Some of the best transactional advice that we have received. The team has the ability to cover every single corner of a transaction."

Work highlights Assisted América Móvil with its EUR2.4 billion partial offer for shares in KPN.

Advised selling shareholders Cinven and Warburg Pincus on the IPO of Ziggo on NYSE Euronext.

Notable practitioners  

Hans Beerlage heads the department and is the key contact for clients.

Significant clients EADS, Mercuria, Travis Perkins, Vitol.

Dispute Resolution - Netherlands

Basic facts about the department
- 3 partners
- 2 counsel
- Around 11 other qualified lawyers

What the team is known for Praised for high-quality output and well-known banking and finance litigation expertise. Know-how in arbitration and mediation, regulatory disputes, fraud and white-collar crime.

Strengths (Quotes mainly from clients)
"One of the team's key strengths is keeping things simple. The lawyers are able to think about strategic scenarios with the client, then discuss the legal tools available to get there."

What's new? Dirk-Jan Duynstee, a specialist in corporate and securities litigation, joined the team.

Work highlights Acted in relation to a high-profile litigation brought by a number of investors against Ageas, formerly Fortis, concerning an allegedly misleading prospectus for a rights issue. The team represented Merrill Lynch, which was lead underwriter for the rights issue.

Notable practitioners  

Department head Jeroen Ouwehand receives high praise from sources: "He is excellent, highly knowledgeable and commercially astute. He is really able to cut to the chase with his advice." He recently represented Promneftstroy in a case disputing the ownership of assets that the Russian company purchased following the YUKOS bankruptcy.

Counsel Leonore Bruining specialises in corporate and securities litigation, including matters involving private equity and other funds. She successfully advised Flinter Groep on a joint venture dispute with Maurits Holding related to a ship due to be constructed in Thailand.

Juliette Luycks leads the arbitration practice in the Netherlands. She engages in national and international corporate and commercial arbitrations, as well as investment treaty arbitrations.

Significant clients ABN AMRO, Citibank, Deutsche Bank, Pfizer, Shell.

Employment - Netherlands

Basic facts about the department
- 1 counsel
- 6 other qualified lawyers

What the team is known for Magic circle firm with experience in advising on the employment aspects of M&A, refinancing and restructuring transactions. Further areas of focus include pensions, collective and individual terminations, and employee consultation processes.

Strengths (Quotes mainly from clients)
"Delivers a broad spectrum of labour law-related services." 

Work highlights Advised two financial institutions on the pensions and employment aspects of the creation of a cross-border IORP (institution for occupational retirement provision).

Notable practitioners 

Commentators consider Wijnanda Rutten a "fine lawyer." She specialises in pensions as well as handling both contentious and non-contentious employment matters.

Significant clients Staples, State Street Bank, Pfizer, Aviva Investors, Stork.

Energy & Natural Resources - Netherlands

Basic facts about the department
- 7 partners
- 13 other qualified lawyers

What the team is known for Visible in domestic and international transactions and project financings in the energy and natural resources sector. Increasingly active in the oil and gas and renewable energy industries. 

Strengths (Quotes mainly from clients)
"The team is excellent and really very responsive, with very quick turnaround times."

Work highlights Advised Mercuria Energy Asset Management on the divestment of its 50% stake in Vesta Terminals.

Notable practitioners  

Corporate partners David Griston and Jaap Koster are the key contacts for the practice.

Significant clients LUKOIL, Petroplus, Rabobank, Shell, Statkraft.

Investment Funds - Netherlands

Basic facts about the department 
- 3 partners
- 17 other qualified lawyers 

What the team is known for Top-ranked practice advising on cutting-edge regulatory matters such as Alternative Investment Fund Managers Directive (AIFMD) implementation and restructuring, benefiting from the firm's outstanding reputation for banking and finance, as well as its enviable European network. Fund formation and pension vehicles such as IORPs and PPIs are also core areas of focus for the team.

Strengths (Quotes mainly from clients)
"Clifford Chance offers a combination of expert knowledge and excellent bench strength." 

"You get very quick access to the network across Europe." 

Work highlights Advised pension assets manager PGGM on the implementation of AIFMD in Dutch law, including the restructuring of its investment management organisation.  

Assisted Waterland Private Equity Investments with the application of AIFMD including a licence application, restructuring and the structuring of its next main fund.

Notable practitioners  

Ate van IJlzinga Veenstra heads the funds and investment management group at the firm. Clients describe him as "pragmatic and creative," adding: "He understands the issues very quickly and is very commercially minded." His expertise covers investment funds, pension funds and institutional asset pooling.    

Senior counsel Marian Scheele is described as "outstanding, very hard-working and easy to reach." Clients praise her work in AIFMD, general regulatory law and financial supervision, saying: "She is a real treasure as a legal adviser - she explains her advice very well." Her client base comprises institutional investors and asset managers.

Quirine Eenhorst's main strengths are her "responsiveness, creativity and investment funds experience," according to clients. Her experience includes setting up and structuring private funds and a range of alternative investment funds, as well as asset management matters.

Significant clients Waterland Private Equity Investments, PGGM Vermogensbeheer, Rabobank, Randstad, BNP Paribas.

Private Equity - Netherlands

Basic facts about the department
- 17 partners
- 5 counsel

What the team is known for Market-leading practice renowned for public-to-private transactions. Active in high-end deals, particularly at an international level. Works closely with the finance team and other international offices to provide a seamless service for clients.

Strengths (Quotes mainly from clients)
"The firm combines a high quality with a practical approach."

"The offices are integrated on an international level, meaning that the service level is quite good."

What's new? Funds specialist Quirine Eenhorst and Titus de Vries from the finance team were both promoted to partnership.

Work highlights Represented Silver Lake in its offer for Dell, which involved European and Asian aspects.

Advised Parcom on its acquisition of GustoMSC from SBM Offshore.

Notable practitioners  

Co-head Thijs Alexander splits his time between the London and Amsterdam offices. He has an excellent reputation for his transactional practice in private equity.

Gregory Crookes co-heads the group. He led the team representing Arle Capital Partners and Stork in the refinancing of Stork's two businesses, Fokker Technologies and Stork Technical Services, and the corporate restructuring of Stork itself.

Hans Beerlage is noted for his strong practice in public-to-private transactions. In a recent highlight, he assisted Gilde Buy-Out Partners with a public offer for TMC Group by Time Acquisition, which is owned by one of Gilde's funds.

Significant clients AAC Capital Partners, Bain Capital, Cyrte Investments, Macquarie Group, Waterland Private Equity Investments.

Real Estate - Netherlands

Basic facts about the department
- 7 partners
- 18 other qualified lawyers

What the team is known for Highly regarded practice with a focus on finance and construction, particularly in the energy, infrastructure and heavy industry sectors. Valued for its international capabilities, as well as sound and timely advice.

Strengths (Quotes mainly from clients)
"We chose the team because of its international capacity, and because we wanted a heavyweight, reputable firm."

Work highlights Advised ING Real Estate Finance on the refinancing of a EUR70.5 million loan to American property fund W.P. Carey. 

Assisted Tristan Capital Partners with the EUR31 million financing for the acquisition of a shopping centre in Germany.

Notable practitioners  

Sources report that Jaap Koster is "very knowledgeable" and provides "well thought-through, fast and accurate advice." He is especially prominent in the energy and infrastructure sectors, and recently advised Typhoon Offshore on the development of a 600 MW offshore wind farm in the North Sea.

Significant clients Amvest, BlackRock, CBRE, Deutsche Alternative Asset Management, DSM.

Restructuring/Insolvency - Netherlands

Basic facts about the department
- 5 partners
- 4 counsel
- 6 associates

What the team is known for Impressive team for financial restructuring, with excellent banking expertise. Considered a leader for pre-packaged insolvencies. Particularly active on the financial institution side.

Strengths (Quotes mainly from clients)
"The team that we deal with is always very helpful and very responsive. We have a strong working relationship with the lawyers."

"I appreciate the team's experience both locally and internationally." 

Work highlights Advised a group of lenders, including Rabobank and ING, on the restructuring of technical services provider Imtech. This involved a bridging loan and a proposed rights issue.

Instructed by Deloitte in relation to the restructuring of Homburg Invest, a Canadian real estate investment group.

Notable practitioners  

Jelle Hofland is known for financial restructuring and wins praise for his ability to co-ordinate matters involving a range of stakeholders, with one source stating: "He was great at corralling the group and was very decisive." Another source states: "He has a very hands-on approach and an appreciation of the different positions of the parties involved."

Clients sum Angela McEwan up as "very approachable, responsive and knowledgeable." She recently assisted Bank of Scotland with the restructuring of a facility agreement for Eurotrade Properties Europe.

Ilse van Gasteren acted for ING and a syndicate of senior lenders in the financial restructuring of Ad van Geloven, which included a debt-for-equity swap.

Significant clients BNP Paribas, Deutsche Bank, DRC Capital, ABN AMRO.

Tax - Netherlands

Basic facts about the department
- 2 partners
- 2 counsel
- 1 senior adviser
- 10 associates 

What the team is known for Respected team with expertise in core areas including funds law, corporate tax, capital markets and finance. Covers transactional tax advice and tax structuring on behalf of leading clients drawn from the private equity and financial sectors.

Strengths (Quotes mainly from clients)
"Two strengths we value are responsibility and responsiveness. We have never had to chase anything, and the service is always prompt and courteous."

Work highlights Advised Pictet & Cie, one of a consortium of investors, on the international tax aspects of the acquisition of a real estate portfolio.

Notable practitioners  

Department head Ate van IJlzinga Veenstra is highlighted for his work on the tax aspects of fund management, M&A, capital markets and finance transactions. Clients say: "His main strength is conceptual, out-of-the-box thinking when it comes to structuring."

Clients praise counsel Michiel Sunderman for his creativity, asserting that "he has excellent knowledge and the ability to adapt and think on his feet. He offers a lot of alternative solutions." He advised Gamma Holding and its shareholders on the sale of Clear Edge Filtration to the Filtration Group Corporation.

Significant clients América Mόvil, Gilde Buy Out Partners, ING, PGGM, Sanoma.

TMT - Netherlands

Basic facts about the department 
- 6 partners
- 2 counsel
- 15 other fee earners

What the team is known for Well-known M&A expertise in the technology sector, advising on cross-border transactions and joint ventures. Also assists with litigations concerning data protection and outsourcing.

Strengths (Quotes mainly from clients)
"An excellent team with a high level of expertise. It's very calm in the way it gives us advice, as well as being extremely responsive and tenacious in negotiations."

Work highlights Assisted Medion Mobileon with a range of regulatory compliance issues.

Advised Oxxio on the outsourcing of its CRM systems in the Netherlands.

Notable practitioners

Alvin Khodabaks and Gregory Crookes are the key points of contact for clients.

Significant clients Accenture, Deutsche Telekom, LG Electronics, SAMSUNG, Shell.

Transportation - Netherlands

Basic facts about the department
- 4 partners
- 4 other qualified lawyers

What the team is known for Leading practice that handles a range of mandates in this area, such as corporate, financing, private equity and litigation matters. Particularly renowned for its aircraft and shipping finance work, and is also active on behalf of railway operators, regulatory bodies and financiers.

Strengths (Quotes mainly from clients)
"The team's expertise distinguishes it from the rest. It take a no-nonsense approach, provides documents quickly and the lawyers are always available when I need them."

Work highlights Advised Chinatrust Commercial Bank on the sale and leaseback transaction of a Boeing 737-900 aircraft, in which the client acted as security agent.  

Represented airBaltic in an investigation launched by the EC on state aid received by the airline.

Notable practitioners  

Jelle Hofland is a recognised expert in asset finance, with a focus on aviation. He maintains a broad practice which also encompasses impressive banking and restructuring mandates.

Significant clients Airbus, KLM, Avolon, DBS Bank, EADS.

Banking & Finance - Poland

Basic facts about the department
- 2 partners
- 17 other qualified lawyers

What the team is known for Esteemed practice well known for handling high-profile transaction, plus a notable team specialising in project finance. Advises on a diverse range of financings and acts for sponsors, lenders and borrowers. Regarded as a market leader for regulatory advice. Endorsed for its international reach and in-depth sector knowledge.

Strengths (Quotes mainly from clients)

"The team is at the top of the market."

"We were confident that we were covered in all areas because of the solid and comprehensive research done by the team."

Work highlights Acting for ICBC on its entry into the domestic market with the establishment of its first Polish branch.

Advised Ciech, a European soda ash producer, on a complex refinancing of its Polish bank debt and bonds. 

Notable practitioners

Sources describe managing partner Grzegorz Namiotkiewicz as a "great lawyer." He focuses on banking and securities law and is praised for his vast experience in financing.

Andrzej Stosio specialises in financial regulatory and is recognised in the areas of capital markets and restructuring and insolvency.

Significant clients BRE Bank, EIB, Hypothekenbank Frankfurt, Mitsui, Westdeutsche Immobilien Bank.

Capital Markets - Poland

Basic facts about the department
- 4 partners
- 5 other qualified lawyers

What the team is known for One of the strongest players in the Polish market, and a leading force in debt capital markets. Also well versed in securitisation issues.

Strengths (Quotes mainly from clients)
"I like the lawyers' availability, promptness and solution-oriented approach."

"It is one of the first choices for bonds and finance."

Work highlights Advised EBRD on a PLN332 million investment in the equity of Bank Zachodni WBK, a transaction that supported its merger with Kredyt Bank.

Representing BNP Paribas in its structuring and retail public offers of structured debt securities and certificates. 

Notable practitioners  

Managing partner Grzegorz Namiotkiewicz is singled out as one of the leading debt capital markets experts. He is regularly instructed by a number of high-profile clients, including Deutsche Bank, JPMorgan and Energa.

Andrzej Stosio enjoys a considerable reputation for his activity in capital markets, and is noted for his focus on derivatives.

Marek Sawicki moves up the rankings on the back of positive market feedback, and is valued for his equity capital markets experitse.

Associate to watch Grzegorz Abram is noted for his work in debt capital markets, and is widely recognised among peers as a young and talented lawyer.  

Significant clients Ciech, BNP Paribas, Energa, Bank Pekao, BRE Bank, EBRD, PKO BP, Deutsche Bank.

Competition/Antitrust - Poland

What the team is known for Sizeable team excelling in competition and antitrust complex cases as well as offering compliance advice. Notable focus on merger control cases, whilst recent work has included several cartel investigations. Remarkable international client base and significant strength in transactions in the pharmaceuticals sector.

Strengths (Quotes mainly from clients)
"A large team that is highly capable, with practical experience in similar cases, which is extremely valuable for me."

Notable practitioners 

Iwona Terlecka remains at the forefront of the Polish legal market for competition-related mandates, with sources highlighting her many years of experience advising in this field. Her area of expertise extends to European competition law.

Construction - Poland

Basic facts about the department
- 1 partner
- 4 counsel
- 8 associates

What the team is known for International powerhouse with a formidable reputation for construction and real estate work, particularly in the infrastructure arena. Advises public and private investors on development projects, joint ventures and transactions. Recently active for clients from the logistics sector.

Strengths (Quotes mainly from clients)

"We had a strong and productive collaboration with the team. The lawyers were dependable and solution-oriented."

"A well-established practice on the market."

Work highlights Advised the PBW II Real Estate Fund on the sale of Wola Park shopping centre in Warsaw.

Represented Zakłady Pomiarowo-Badawcze Energetyki ENERGOPOMIAR in appeal proceedings related to a public procurement contract for the construction of a power unit at the Elektrownia Kozienice power plant.

Notable practitioners  

Daniel Kopania is well known for his work on large construction projects and is also highlighted for his litigation capabilities. Sources say: "He combines the ability to co-ordinate and supervise a project with technical excellence."

Counsel Bartosz Kaniasty's clients include financial institutions, landlords, developers and tenants. He was part of the team that assisted Buzzard Duo, a subsidiary of Peakside, with the sale of a logistic park.

Significant clients Dragados, Ener-G Polska, Hypothekenbank, Pol-Aqua, Westdeutsche ImmobilienBank.

Corporate/M&A - Poland

Basic facts about the department
- 2 partners
- 31 other qualified lawyers

What the team is known for Widely respected for its full-service capabilities and ability to handle multifaceted matters, including cross-border transactions. Increasingly active in the energy, media and food sectors.

Strengths (Quotes mainly from clients)
"The team offers a good mix of caring for the client's interest, and being fair to the partner on the other side."

"The team has a wide range of abilities and is super-experienced in M&A."

"A very strong team both on the partner and the second line level."

Work highlights Acted for Ringier Axel Springer Media on its PLN1.275 million acquisition of a 75% stake in Grupa Onet.

Advised Energa and PGE on a planned acquisition of Iberdrola's PLN1 billion wind farm portfolio in Poland.

Notable practitioners 

Agnieszka Janicka is one of the leading practitioners in the department, and is recognised in the market for her expertise in handling transactions that are significant in size and value.

Nick Fletcher is widely regarded for his expertise in transactions in the CEE region, and recently advised Kraft on its corporate restructuring in six countries. One source commented: "One cannot overlook him, his culture and experience. It is demanding and pleasurable to work with him."

Senior associate Tomasz Derda is a skilful practitioner who acts on the firm's major transactions.

Significant clients Shell International, Energa, Ringier Axel Springer Media, Cafe Nero Ventures, Royal Unibrew.

Dispute Resolution - Poland

Basic facts about the department
- 2 partners
- 9 other qualified lawyers

What the team is known for Frequently involved in the country's largest and most significant cases. Active in a wide range of disputes as well as regulatory matters. Clients include major Polish and international companies and financial institutions.

Strengths (Quotes mainly from clients)
"The lawyers have the determination to support the client in many aspects and are able to handle huge amounts of documents. They always provide clear recommendations.”

"The team offers technical knowledge and reliable support – it is engaged in the day-to-day matters and negotiation process.”

Work highlights Represents Royal Unibrew in court proceedings with the aim of preventing the dilution of its stake in Perła Browary Lubelskie, a case worth PLN132 million.

Handles arbitration and post-arbitration proceedings concerning a joint venture agreement related to wind farm building on behalf of Gestamp Eolica.

Notable practitioners  

Sources say that Bartosz Kruzewski is always "well prepared for court battles.” Both clients and peers agree that he is one of the leading lawyers in this area of law, describing him as "one of the best or even the best specialist in arbitration and dispute resolution in Poland.”

"Very talented” lawyer Marcin Ciemiński is known for his focus on regulatory matters and activity in the healthcare sector.

Significant clients Royal Unibrew, Gestamp Eolica.

Employment - Poland

Basic facts about the department
- 1 partner
- 1 counsel
- 3 other qualified lawyers

What the team is known for Global giant boasting a solid employment practice. Especially experienced in major employment restructurings and related trade union negotiations as well as employment litigation. Well known for advising on regulatory and legislative issues, and active in the financial services sector.

Strengths (Quotes mainly from clients)

"The team is experienced so I feel very comfortable with it and I would absolutely recommend the lawyers."

"The firm invests in the team; it has very strong lawyers."

Work highlights Assisted PZU with the final stage of a major employment restructuring involving redundancies, contract renegotiations and substantial trade union discussions.

Advised Ujastek on a new bespoke share option scheme for its senior management.    

Notable practitioners  

Counsel Anna Hałas is recommended for her responsiveness and good communication skills. She led the team advising on the employment restructuring of PZU. Sources comment that she "always produces quality documents on time and has commercial understanding."

Senior associate Aleksandra Lis-Rychlińska is recommended for her expertise in employment. She advises on corporate and transactional labour mandates.

Significant clients DaVita, HSBC, Mondelēz International, Stryker, Sun Chemical.

Energy & Natural Resources - Poland

Basic facts about the department
- 5 partners
- 9 other qualified lawyers 

What the team is known for Cross-practice team active in the oil and gas and renewables sectors. Visible on energy financings, transactions and projects. Clients include international energy companies as well as major domestic players.  

Strengths (Quotes mainly from clients)
"We were very satisfied with the support on negotiations and the in-depth analysis."

Work highlights Acted for Shell on its USD1 billion acquisition of Neste's petrol station business. 

Advised Energa, as part of a consortium with PGE, on the acquisition of Dong Energy's wind farm portfolio in Poland.  

Notable practitioners  

Paweł Puacz is recommended for his focus on energy and environmental matters.

Significant clients Axpo, EDPR Polska, IC Power, RWE, Windflower.

Environment - Poland

Basic facts about the department
- 1 partner
- 3 other qualified lawyers

What the team is known for Strong and visible environment practice complemented by the firm's strong corporate team. Active in the renewables sector, particularly wind energy. Also offers regulatory expertise and knowledge of waste management and emissions issues.     

Strengths (Quotes mainly from clients)

"We were very impressed with the team, and what the lawyers did was absolutely fantastic." 

Work highlights Acted for Energa, as part of a consortium with PGE, on two major acquisitions of wind farm portfolios, one from DONG Energy Wind Power and the other from Iberdrola. 

Advised Polskie LNG on the EUR700 million potential extension of its LNG terminal, which included advising on environmental impact assessment issues.   

Notable practitioners  

Paweł Puacz co-ordinates the environment practice. He is recommended by peers, and clients describe him as "very knowledgeable."

Significant clients Kimberly-Clark, Kraft, Shell, Skanska Property Poland, Windflower. 

Life Sciences - Poland

Basic facts about the department
- 1 partner
- 4 other qualified lawyers

What the team is known for Focuses on compliance matters in the healthcare and life sciences sectors, notably regulatory and criminal matters. Additional strength in litigation and M&A. Clients include high-profile domestic and international pharmaceutical companies and distributors.

Work highlights Advising DaVita on its business start-up in Poland and the acquisition of Dializa Grójec, including corporate, regulatory, compliance and employment issues.

Advising Monsanto on the requirements for the labelling of vegetable seeds in the EMEA region.

Notable practitioners  

Department head Marcin Ciemiński is the key contact here.

Significant clients Pfizer, Stryker, Euromedia, Penta Investments, Mediq.

Private Equity - Poland

Basic facts about the department
- 2 partners
- 12 other qualified lawyers

What the team is known for Adept at handling investments and exit transactions for top international private equity funds. Extensive expertise in cross-border deals, with a number of recent mandates involving the wider CEE region. 

Strengths (Quotes mainly from clients)
"Significant strength in complex cross-border matters."

Work highlights Advised Warburg Pincus on its investment in telecommunications company Inea.

Notable practitioners  

Head of corporate Agnieszka Janicka stands out as an excellent private equity lawyer thanks to her strong relationships with fund managers and her ability to create a positive atmosphere throughout the whole deal process.

Nick Fletcher "has a lot of experience in this sector and is very up to speed on English law," according to interviewees. He often advises on cross-border matters.

Senior associate Wojciech Polz earns a place in the rankings thanks to excellent market feedback. According to clients, "Polz combines strong expertise with an ability to focus on the details. He doesn't take shortcuts, which makes him especially good in negotiations" 

Significant clients Warburg Pincus, Bridgepoint, Advent, CVC Capital Partners, EQT Partners.

Public Procurement - Poland

Basic facts about the department
- 1 partner
- 1 counsel
- 4 other qualified lawyers

What the team is known for Specialises in PPP projects, advising clients from a range of sectors, including transport, energy and IT. Advises foreign and domestic clients on multiple issues, from concession agreements to public tender procedures.

Strengths (Quotes mainly from clients)
"Clifford Chance is a reliable partner offering a wide range of services. The team is flexible and personally dedicated."

Work highlights Assisted DCT Gdańsk with negotiations with the Port Authority to secure a concession agreement for the development of a new container terminal.

Advised Polskie LNG on the public procurement contracts used for the development of the first LNG terminal in Poland.

Notable practitioners  

Marcin Bejm is commended by clients for his "understanding of our needs and commercial focus." He represented Siemens in an appeal brought by a competitor regarding a IT tender.

Described as "dedicated and experienced," Paweł Piotrowski is particularly well regarded for EPC contracts. He was recently part of the team advising EEW Energy on a PPP project with the City of Poznań for the construction of a regional communal waste incineration plant.

Significant clients Bio K.K. Energia, EEW Energy, GAZ-System, Polskie LNG, Siemens.

Restructuring/Insolvency - Poland

Basic facts about the department
- 4 partners
- 5 other qualified lawyers

What the team is known for Experienced in handling a broad range of matters, including debt restructuring, long-term financings, currency derivatives restructuring and bankruptcy proceedings.

Strengths (Quotes mainly from clients)
"What is most important in Clifford Chance is its determination to support the client comprehensively. Despite the huge amounts of documents, the lawyers provide an unequivocal recommendation - a solution that is both practical and legal.”

"The team has technical knowledge and provides reliable support.”

"Working with the team, we have no doubts and get specific recommendations.”

Work highlights Advised a large consortium of banks on a complex PLN2 billion debt restructuring that involved approximately 50 creditors.

Advised PBP on a debt restructuring of two companies from the mining sector, Dolnośląskie Surowce Skalne and Kieleckie Kopalnie Surowców Mineralnych. The case involved a complex intercreditor structure and was worth PLN60 million.

Notable practitioners  

Bartosz Kruzewski wins strong recommendations from clients for his "great business approach” and personal involvement in cases. "I am impressed by his comprehensive preparation, knowledge and ability to have the situation under control," said a client.

Market sources value Andrzej Stosio for his balanced approach in negotiations, as well as his broad practice covering restructuring and insolvency, debt capital markets and regulatory advice in the financial sector. 

Miłosz Gołąb is recommended for his activity on currency derivatives restructuring, and his approach in negotiations, where he "demonstrates understanding of both sides and willingness to move the matter forward.” 

Iwo Klijewicz enters the ranking having gathered warm praise from peers and clients alike.

Significant clients PBP, PKO Bank Polski, Ciech, BRE Bank, BGŻ.

Tax - Poland

Basic facts about the department
- 3 qualified lawyers

What the team is known for Offers a full-service tax practice. Handles tax cases in the banking, finance and real estate sectors. Represents a number of significant international clients.  

Work highlights Provided Bank of America Merrill Lynch with tax advice concerning financial products.

Advised the Polish branch of RBS on the implementation of a cash-pooling structure. 

Notable practitioners  

Counsel Tomasz Szymura is noted for his expertise in tax efficiency for domestic and international investments. He often represents clients from the real estate sector.

Significant clients AEW Europe, Assa Abloy Poland, AXA Real Estate Investment Managers, EEA Fund Management, Deutsche Bank.  

Banking & Finance - Romania

Basic facts about the department 
- 2 partners
- 4 counsel

What the team is known for Market-leading team with excellent bench strength and comprehensive expertise in loan facilities, acquisition financing, real estate financing and asset-backed transactions. Acting predominantly on the side of lenders, with clients including financial institutions, banks and private equity funds. Highly regarded for cross-border capabilities and renowned international network.

Strengths (Quotes mainly from clients)

"A truly top-tier firm."

"I would refer to them if conflicted - the team is easy to work with and business-oriented."

"The team has the best resources and a European-wide perspective."

Work highlights Assisted UniCredit Bank Austria and Yapı ve Kredi Bankası with a facility agreement in relation to Blackstone Real Estate Partners' acquisition of three shopping centres in Turkey.

Advising BNP Paribas and Société Générale on an asset-backed financing to Amromco Energy.

Notable practitioners  

The "excellent" Daniel Badea is well versed in domestic and international transactions, and he is noted for his expertise in bond issues. He is described as an "exceptional lawyer" and is appreciated by clients for his extensive experience and business acumen.

Counsel Cosmin Anghel is considered to be "very knowledgeable" by sources. His recent experience includes assisting European Investment Bank with the financing of several energy efficiency programmes.  

Madalina Rachieru is noted for her expertise in securities and her focus on capital markets. She is also recognised for her abilities "when discussing regulatory or documentation issues."

Andreea Sisman is well respected for her work with banks. She is part of the team advising BNP Paribas and Société Générale on an asset-backed financing to Amromco Energy.

Significant clients Banca Comercială Română (BCR), Crédit Agricole, Deutsche Bank, European Investment Bank, ING.

Capital Markets - Romania

Basic facts about the department
- 1 partner
- 8 other qualified lawyers

What the team is known for Standout capital markets team which advises on the largest, most high-profile IPOs and bond issues in Romania. The team shapes the capital markets regulatory landscape and assists with the development of new products including derivatives, GDRs and mortgage-backed securities. Boasts a long list of major clients including global banks, domestic corporates and multinationals. Clients appreciate the bench strength and international expertise accessed through multiple offices abroad.

Strengths (Quotes mainly from clients)
"This firm knows the market and what the clients are going to want."

"Lawyers are very helpful, understand the time and cost constraints, and act within this to deliver results." 

Work highlights Assisted a consortium of five banks and lenders, including BNP Paribas and JPMorgan Securities, with the issue of EUR750 million notes by Romania's Ministry of Public Finance.

Advised European soda ash producer Ciech on a debt refinancing which included EUR245 million high-yield bonds and a super senior revolving credit facility.

Notable practitioners  

Practice head Daniel Badea is described as a great communicator and clients like him because he "understands the key issues and what we require as well as what the other entities want." He led the team assisting a consortium of banks and lenders with the issue of EUR750 million notes by Romania's Ministry of Public Finance.

Madalina Rachieru is described by clients as "one of the best lawyers in the country." She was part of the team advising Ciech on a debt refinancing including a super senior revolving credit facility. Clients include leading banks and corporates.

Cosmin Anghel is praised for his dedication to "working day and night." Clients consider him to be a "very important part of the team, doing all the front line stuff."

Significant clients Deutsche Bank, UniCredit, Bank of America, Morgan Stanley, Goldman Sachs.

Corporate/M&A - Romania

Basic facts about the department
- 2 partners
- 10 other qualified lawyers

What the team is known for Strong track record acting on significant M&A and disposals, with a well-established reputation for world-leading banking and financial law advice. Handles complex multi-jurisdictional mandates with support from a robust international network. Recent work includes acting for a range of private equity funds and financial institutions in the country as well as throughout the CEE region.

Strengths (Quotes mainly from clients)
"This firm has been very active on a number of really important transactions." 

"One of the top-tier firms for international work." 

Work highlights Advised Innova Capital on the acquisition of a majority stake in EnergoBit.

Assisted Aviva with the sale of its life insurance and pensions business in Romania to MetLife. 

Notable practitioners

Department head Nadia Badea is highly active in the corporate/M&A field, with one source explaining that "you see her regularly on deals. She leads teams rather than just overseeing them from afar." Badea was one of the key lawyers advising Innova Capital on the acquisition of a majority stake in EnergoBit.

Significant clients Pfizer, New Europe Property Investments, Aviva, Abris Capital Partners, Innova Capital. 

Energy & Natural Resources - Romania

Basic facts about the department
- 3 partners
- 5 other qualified lawyers

What the team is known for Assists a wide clientele of multinational companies and financial institutions with the financial aspects of energy projects and transactions. Works frequently with the global network on cross-border matters. Also has considerable experience in regulatory issues, with expertise in the fields of renewable energy and oil and gas.

Strengths (Quotes mainly from clients)
"We have been extremely happy with its performance. We appreciated its local presence, industry expertise and established reputation in the country."

Work highlights Assisted Innova Capital with the acquisition of the majority stake in electricity supplier EnergoBit Group.

Acted for a consortium of banks, including Goldman Sachs and Erste Group Bank, on the IPO of a minority stake in Romgaz.

Notable practitioners  

The main point of contact is managing partner Daniel Badea.

Significant clients Chevron, BNP Paribas, GE, Shell, STEAG.

Projects - Romania

Basic facts about the department
- 2 partners
- 3 counsel

What the team is known for Full-spectrum PPP and project finance service, with experience in a wide range of industries, including construction, healthcare and pharmaceutical, energy and infrastructure. Highlighted in particular for its work for lenders. Also offers noteworthy cross-border and litigation capabilities.

Strengths (Quotes mainly from clients)
"One of the top international firms in terms of presence and impact."

Work highlights Assisted waste management contractor ESE Expert with a recent challenge regarding a public procurement procedure.

Notable practitioners

Daniel Badea is the main contact for projects and PPP.

Significant clients ESE Expert, UniCredit, Yapı Kredi.

Real Estate - Romania

Basic facts about the department
- 2 partners
- 12 other qualified lawyers

What the team is known for Superb capabilities in real estate and project finance. Active on investments in the sector, including assistance with property portfolio management. Clients are predominantly banks and institutional investors. 

Strengths (Quotes mainly from clients)
"A strong brand - the team acts for banks, with the real estate practice working closely with the finance practice." 

Work highlights Assisted NEPI with its EUR61.7 million acquisition of shares in BVB Real Estate from AIG/Lincoln Lakeview.

Assisted UniCredit Bank Austria and Yapı ve Kredi Bankası with the facility for Blackstone's EUR120 million acquisition of three shopping centres in Turkey.

Notable practitioners  

Finance lawyer Perry Zizzi handles an array of transactional matters related to developments and acquisitions. He is particularly highlighted for his experience on cross-border mandates. 

Significant clients AEW Europe, GLL Real Estate Partners, UniCredit, CB Richard Ellis, PBW II Real Estate.

Since publication, Perry V Zizzi has joined Dentons

Restructuring/Insolvency - Romania

Basic facts about the department
- 3 partners
- 8 other qualified lawyers

What the team is known for Highly regarded practice active in complex and high-value restructuring and insolvency work. Advises creditors across a range of sectors including real estate, energy, retail, and food and beverages. Well reputed for pre-insolvency matters such as corporate restructuring, refinancing and the enforcement of security. 

Strengths (Quotes mainly from clients)
"Our matter with the team involved lots of aspects including Romanian regulations and English law. It was very complex and I don't think anyone else could have done it."

Work highlights Represented PBW II Real Estate, managed by AEW Europe, as creditor in the EUR40 million insolvency proceedings of a real estate developer.

Advised Citibank as creditor in the insolvency proceedings of energy producer Hidroelectrica.

Notable practitioners  

Practice head Daniel Badea leads a strong team of lawyers with experience in amicable restructuring and a growing practice in matters related to white-collar crime. Sources say: "It's great to work with him and take advantage of his know-how."

Significant clients Bank of America Merrill Lynch, Euro-DruckService, RKB Karosseriewerk, RBS. 

Aviation - Russia

Basic facts about the department
- 3 partners
- 2 counsel
- 5 associates

What the team is known for Aviation powerhouse advising on Russian transactions and giving local counsel support to other offices on international deals. Active on investments, aircraft leasing and pre-delivery payment financing. Additional capacity in tax and dispute resolution.  

Strengths (Quotes mainly from clients)

"Extremely responsive and on top of all current issues, with a very good understanding of the aircraft market."

"Diligent and knowledgeable about the local issues." 

Work highlights Advised US Ex-Im Bank on the financing of four Boeing 777-300ER aircraft for Aeroflot, which was guaranteed by VEB and VEB Leasing.

Acted for SMBC Aviation Capital on a number of leasings, such as the eight A320 aircraft to leased to Aeroflot under English and Russian law.

Notable practitioners  

Victoria Bortkevicha is a "very talented finance partner" who is highly valued by clients for "her experience of the market." In addition to aircraft finance, she works on project finance and PPP. She recently advised US Ex-Im Bank on the financing of four Boeing 777-300ER aircraft for Aeroflot.  

Significant clients Airbus, Changi Airports International, GECAS, Oriva Airlease, SMBC Aviation Capital.

Banking & Finance - Russia

Basic facts about the department
- 2 partners
- 2 counsel
- 15 other qualified lawyers

What the team is known for Excellent track record in advising the leading lenders in the market, including key Russian banks, as well as some strong corporates. Provides great international capability and a wealth of expertise.

Strengths (Quotes mainly from clients)
"A very good international team. It is of high quality, punctual and ready to give additional explanations to any issues we do not understand."

"See them on deals very often - I admire this team."

What's new? Adam Fadian has been promoted to counsel.

Work highlights Advised O1 Properties on the facility provided by Sberbank for the purposes of financing the acquisition of White Square Office Centre.

Advised Russian Sea Catching on the USD413 million Gazprombank debt financing for its acquisition of a fishing business.

Notable practitioners

With an "outstanding reputation on the market," dual-qualified Victoria Bortkevicha advises on secured and unsecured financing, project financing and real estate financing transactions. A market commentator notes that she is "good at negotiations and making sure that the deal is done on her terms."

Managing partner of the Moscow office, Logan Wright is described as a "go-to person for the lenders" by market sources. He specialises in syndicated lending, trade, asset and project finance. Clients appreciate that "he is pragmatic and gets straight to the point."

Vladimir Barbolin, whose expertise is in cross border-finance, insolvency and workouts, is known as a "very commercial" lawyer, with a source highlighting his ability to produce "effective and coherent solutions." 

Nikolaï Eatwell, who is based in Paris, specialises in project finance in Eastern Europe and Africa. His recent work in the region includes advising UniCredit Bank Austria on a financing to Russian Post Federal State Unitary Enterprise.

Significant clients O1 Properties, Russian Sea Catching, Otkritie Financial, Brunswick Rail, BNP Paribas.

Capital Markets - Russia

Basic facts about the department
- 2 partners
- 1 counsel
- 8 associates

What the team is known for Primarily handles complex debt capital markets mandates from a broad range of prominent clients, including corporate issuers, and state-owned and private banks.

Strengths (Quotes mainly from clients)
"A one-stop shop - it has not only the local expertise but also a wider depth of partners who can cover offshore or UK law aspects."

"A strong franchise in debt capital markets."  

Work highlights Advised Sberbank on the update of its USD30 billion EMTN programme.

Advised Raspadskaya in relation to a USD400 million Eurobond issue.

Notable practitioners  

Head of equity capital markets, Arthur Iliev wins praise for his "comprehensive understanding of the product and of what is needed from a structuring point of view." His practice also extends to corporate and M&A transactions.

Tamer Amara heads the debt capital markets practice. Sources commend his sound management skills and useful commercial acumen.

Adrian Cartwright, who works from London, focuses on equity capital markets. He is known for advising his Russian clients on a wide range of equity capital market issues and has recently acted for the lead managers on two secondary public offerings of GDRs of Globaltrans.

Working from the London office, David Dunnigan regularly advises on Russian deals and has good experience in the emerging markets.  

Clients say that counsel Evgeny Soloviev is "just the right mix of commercial and legal." He advises on structured finance and securitisation, in addition to capital markets, and is active in cross-border transactions with a US aspect.

Significant clients Sberbank CIB, Deutsche Bank, Sberbank, Bank of Tokyo-Mitsubishi UFJ, Federal Grid Company of Unified Energy System.

Competition/Antitrust - Russia

Basic facts about the department
- 1 partner
- 4 associates

What the team is known for Strong team for merger control and known for representing clients in Federal Antimonopoly Service investigations. Covers both Russian and EU competition law, with international capacity bolstered by the firm's global network. Works frequently on cross-border matters involving Ukraine.

Strengths (Quotes mainly from clients) 

"A commercially aware and responsive team." 

Work highlights Advising CMA CGM on a Federal Antimonopoly Service investigation into 13 companies in the marine container transportation market.

Assisted BNP Paribas' consumer lending division, BNP Paribas Personal Finance, with the merger control aspects of a joint Russian finance bank venture with Sberbank.

Notable practitioners  

The "exceptional" Torsten Syrbe advises on EU and Russian antitrust law, as well as on M&A deals, project financing and investments. He is hugely popular with sources, who say: "He has a great understanding of local intricacies" and describe him further as "one of the best in the market."

Significant clients Changi Airports, Henkel, Nokia, Pfizer, Volkswagen.

Corporate/M&A - Russia

Basic facts about the department
- 4 partners
- 3 counsel
- 27 other qualified lawyers

What the team is known for Provides strong advice on M&A, joint ventures and other corporate matters. Acts for a varied clientele in a comprehensive range of sectors, with the latest focus being on real estate, metals, finance and aviation.

Strengths (Quotes mainly from clients)
"High quality and extremely fast." 

Work highlights Advised MSREF on its acquisition of the Metropolis shopping centre in Moscow.

Acted for O1 Properties on the acquisition of White Square Office Centre.

Notable practitioners  

Marc Bartholomy heads the practice in Moscow and is said to "lead a very well-organised outfit." He is a long-established name in the market for M&A and joint ventures across Russia and the rest of the CIS. He recently led on the acquisition of the Metropolis shopping centre for MSREF.

Working from the Amsterdam office, David Griston uses his previous experience on the ground to provide support to the M&A team.

Nicholas Rees is the authority on English law in Moscow. His focus is on M&A, joint ventures and minority investment transactions.

Significant clients EVRAZ, GeoProMining, MSREF, O1 Properties, Otkritie Financial Corporation.

Dispute Resolution - Russia

Basic facts about the department
- 2 partners
- 5 other qualified lawyers 

What the team is known for Has expertise in handling international arbitration cases, and deep knowledge of Russian courts at all levels, including the Constitutional Court and the Supreme Court. Significant mandates have recently been undertaken on behalf of clients from the energy and financial services sectors.

Strengths (Quotes mainly from clients)
"It is an extremely strong team; one of the best that we could find in the market."

"The team brings the best international practice to the Russian courts."

"It deals with our issues quickly and can propose non-standard solutions to the problems we encounter."

Work highlights Represented Alcoa in proceedings before the Supreme Arbitration Court of the Russian Federation. The matter concerned the Russian Institute of Aviation Materials' unlawful termination of a licence agreement.

Represented Atomenergomash in a corporate dispute considered by foreign courts.

Notable practitioners  

Regarded as a lawyer with excellent standing in the market, Timur Aitkulov continues to win praise for his international arbitration practice. He is also increasingly prominent within the domestic market. Sources note that he has "a strong theoretical knowledge of international dispute resolution," and admire his ability to make realistic predictions.    

Significant clients Sberbank, Baring Vostok Capital Partners.

Energy & Natural Resources - Russia

Basic facts about the department
- 9 partners
- 7 counsel

What the team is known for Handles Russian energy mandates, working alongside the firm's extensive network of European offices. Particularly recognised for its transactional track record.

Work highlights Advised Nizhnekamskneftekhim on the construction, operation and financing of an olefins expansion project.

Assisted EVRAZ with the acquisition of a 50% shareholding in Raspadskaya, Russia's largest coal producer. 

Notable practitioners  

Amsterdam-based David Griston is a recognised figure in the Russian energy market. Sources commend both his knowledge of the industry and his extensive experience. 

Significant clients BNP Paribas, Deutsche Bank, Federal Grid Company of Unified Energy System, ING, Natixis.

Life Sciences - Russia

Basic facts about the department
- 1 partner
- 4 associates

What the team is known for Supports a large client base of domestic and international pharmaceutical clients in areas such as M&A, restructuring and capital markets. Handles regulatory developments and industry-specific clinical trial matters. 

Strengths (Quotes mainly from clients) 
"The team offers a solid understanding of business and commercial aspects, and proactively informs us about legislative changes and their implications."

"The team is very helpful, easy-going and reacts to any issues quickly." 

Work highlights Advised Cegedim on regulatory and compliance issues affecting life sciences businesses in Russia.

Advised Deutsche Bank on the reorganisation of Actavis and its sale to Watson Pharmaceuticals.

Notable practitioners

Torsten Syrbe heads the healthcare and antitrust groups. He is a key contact for this practice.  

Significant clients Abbott, Amgen, Bayer, Merck, Pfizer.

PPP - Russia

Basic facts about the department
- 3 partners
- 2 counsel
- 5 associates

What the team is known for Offers an excellent banking and finance team, which boasts well-developed relationships with the key lenders in the market to support on project financing. Advises international financial institutions and banks on substantial federal PPP matters.

Strengths (Quotes mainly from clients) 
"The lawyers are very committed to their work; they are able to advise on things specific to the Russian market and come up with new structures."

Work highlights Providing continuing support to the consortium of international financial institutions on the EUR1.1 billion financing for the development of Pulkovo airport in St Petersburg.

Advising the lenders on the EUR7.4 billion financing for the Nord Stream offshore gas pipeline project.

Notable practitioners 

Victoria Bortkevicha is the key contact for this practice. 

Significant clients Black Sea Trade and Development Bank, EBRD, Eurasian Development Bank, IFC, VEB.

Private Equity - Russia

Basic facts about the department 
- 3 partners
- 2 counsel
- 12 associates

What the team is known for Strong track record advising high-profile private equity players on acquisitions, disposals, joint ventures and investment projects. Activity stretches across real estate, retail and telecoms. Clients benefit from a widespread global network.

Strengths (Quotes mainly from clients)
"A very high standard of service. The consistency in quality is key." 

"The team sees our commercial intentions and does not overcomplicate matters. It focuses on getting the deal done." 

Work highlights Acted for Morgan Stanley Real Estate Fund VII Global on the acquisition of the 205,000 sq m Metropolis shopping centre.

Assisted Renaissance Development and Amstar Global Property Fund with the disposal of Aura Shopping Centre.

Notable practitioners  

Head of the English law corporate practice, Nicholas Rees is appreciated for his 24/7 availability and his "immense expertise" in private equity matters. 

Significant clients Amstar Global Property Fund, Morgan Stanley Real Estate Fund, Renaissance Development, Russian Direct Investment Fund, Sputnik Group.

Real Estate - Russia

Basic facts about the department
- 4 partners
- 26 other qualified lawyers

What the team is known for Rises to the top band of this year's rankings, having recently closed a high volume of complex deals. Particularly renowned for its transactional work, and also offers high-quality real estate finance services, supported by the firm's strong banking practice. Primarily focuses on the sale and acquisition of large retail and office complexes.

Strengths (Quotes mainly from clients)
"The team takes a personalised approach; the lawyers always keep in mind our specific needs."

"The firm is very well set up in Russia, and the real estate team is well established on the market." 

What's new? Nick Diakoumis was promoted to counsel in May 2013.

Work highlights Acted for Morgan Stanley on the acquisition of the 205,000 sq m Metropolis shopping centre.

Advised O1 Properties on financing and transactional issues for the purchase of the 110,000 sq m White Square office centre in Moscow.

Notable practitioners  

Valued by clients for his "experience and knowledge of different ways to solve problems," Marc Bartholomy has become one of the key players in the Russian real estate market. Sources say: "He is brilliant at giving strategic advice and handling complex transactional issues."

Nick Diakoumis focuses on the corporate side of real estate deals. Clients note his organisational skills and his knowledge of the Russian market and business mentality as key strengths.

Significant clients Renaissance Development, Amstar, ISR Trans, VTB, Forum Properties.

Restructuring/Insolvency - Russia

Basic facts about the department
- 2 partners
- 17 other qualified lawyers

What the team is known for Tremendous restructuring abilities in Russia and the Commonwealth of Independent States (CIS). Well versed in assisting with mandates that involve complex litigious issues. Advises on bankruptcies, waivers and covenant holidays, with considerable experience in the metals and mining sector.  

Strengths (Quotes mainly from clients) 

"Known for high-profile, big-figure restructurings." 

Work highlights Advising Erste Group Bank on the bankruptcy of major steel producer Amurmetal and the ensuing litigation.

Advised the lenders on the refinancing and restructuring of a USD4.75 billion syndicated finance facility to RUSAL.

Notable practitioners  

Victoria Bortkevicha is highlighted for her negotiation skills, with sources commenting: "She is a tough negotiator, but you can do a deal with her." Bortkevicha heads the project finance team, with expertise in PPP projects in particular, and is dual-qualified in the UK and Russia.

Logan Wright comes highly recommended as a key figure in this area. He was part of the team that advised the lenders on restructuring the USD4.75 billion syndicated financing of RUSAL. Market sources confirm that "his reputation continues to flourish."

Alistair McGillivray's practice lies mainly in the area of acquisition finance. He is closely involved in CIS restructurings with the Moscow team.

Roderick McGillivray has good experience working with the Moscow team from London. He was part of the team that advised the lenders on the restructuring of RUSAL's syndicated finance facility. 

Counsel Adam Fadian has a broad practice in finance and is particularly experienced in the oil and gas sector. He recently assisted Gunvor with the restructuring of a credit facility for the Ust Luga pipeline project.

Significant clients Erste Group Bank, ING, BNP Paribas (Suisse), Deutsche Bank, Gunvor.

Tax - Russia

Basic facts about the department
- 1 partner
- 3 other qualified lawyers

What the team is known for Leading banking and finance, capital markets and corporate departments ensure the tax team is busy assisting with the tax aspects of major transactions in those fields. Also issues legal opinions on Russian tax law and develops deal structures.

Work highlights Advised VTB Arena-Park on the tax aspects of the redevelopment of Dinamo stadium in Moscow. The advice related to ownership structure, tax legislation and sale of assets.

Assisted US Ex-Im Bank with the financing of four Boeing aircraft for Aeroflot, guaranteed by Vnesheconombank and VEB Leasing. 

Notable practitioners  

Practice head Alexander Anichkin "has very good knowledge of the Russian tax landscape," say interviewees. In recent mandates he has advised clients such as US Ex-Im Bank and Bank of Tokyo-Mitsubishi UFJ.

Significant clients Apax Partners, Sberbank, JPMorgan, VTB Capital, Goldman Sachs.

Banking & Finance - Spain

Basic facts about the department
- 6 partners
- 22 other qualified lawyers

What the team is known for Diverse practice advising on the full spectrum of financial products, including syndicated lending, leveraged and acquisition finance, as well as asset finance. Deep expertise in the infrastructure, energy and financial sectors.

Strengths (Quotes mainly from clients)
"Clifford Chance has an excellent network and is viewed as one of the key firms in the finance arena in Spain because of the quality of its work. The team knows the most recent legal opinions and its advice is always consistent with the latest case law."

"A very well-rounded firm. It has Spain, UK and US-qualified specialists and can cover the multi-jurisdictional aspects of deals."

Work highlights Represented the agent and lenders in the financing of Bain Capital's EUR1 billion acquisition of Atento.

Advised Banco Santander on the EUR82 million financing of the demolition and refurbishment of the Canalejas buildings in Madrid. Also acted on the related EUR37 million loan for the VAT.

Notable practitioners  

Carlos Hernández-Canut assisted ONO with the refinancing of its existing syndicated facilities by means of a new senior EUR2.4 million and USD1.3 million bank facilities agreement. "He provides highly valuable advice; you can trust him," say clients.

Sources single out Alberto Manzanares for his expertise in syndicated loans and refinancings. "He's one of the best guys I've met; a wonderful lawyer," remarks an interviewee. 

Stuart Percival heads the English law group and comes highly recommended by clients, who note: "He's obviously got an immense amount of experience on UK deals. He provides the best value and when there are problems he works with the counterparty to come to an agreement." 

Sources say project finance expert José Guardo is "phenomenal. One of the top lawyers in Spain."

Carl Fitzgerald advised Parque de Atracciones de Madrid on the amendment and extension of an EUR847 million senior facility agreement.

Newly made partner Antonio Henriquez heads the capital markets English law practice. He assisted Prosegur with the issue of EUR500 million of 2.75% ordinary notes.

Epifanio Pérez climbs the rankings following rave reviews: "He's an all-rounder; he's very good technically and also has a background in economics and finance, which means he understands our needs."

Interviewees say Rodrigo Uría is "solid technically and has handled a number of complex deals in the last two years. He inspires confidence in clients."

Significant clients Banco Santander, JPMorgan, HSBC, La Caixa, BBVA.   

Capital Markets - Spain

Basic facts about the department
- 5 partners
- 13 associates

What the team is known for Outstanding track record in debt capital markets, securitisations and structured finance transactions. Expertise in domestic and international issues of bonds and capital securities. Increasing presence in equity capital markets, including IPOs and rights issues.

Strengths (Quotes mainly from clients)
"The lawyers are excellent professionals with strong knowledge. They always get back to us promptly and meet deadlines. They also work very well with their colleagues in the UK."

What's new? Antonio Henríquez was made partner in May 2013. He leads the UK law capital markets practice.

Work highlights Advised Citibank España on the securitisation of its Spanish credit card portfolio.

Assisted Prosegur with a EUR500 million 2.75% ordinary notes issue.

Notable practitioners

Sources say practice head José Manuel Cuenca "has always been recognised as a big name in debt capital markets." He advised Citibank España on the securitisation of its Spanish credit card portfolio.

Yolanda Azanza assisted the lead managers with Mapfre's EUR1 billion senior bond issue.

Recognised corporate lawyer Javier García de Enterría advised Ezentis on a EUR20 million rights issue.

Interviewees confirm that Eduardo García has been very active on debt capital markets deals. He worked with the London office advising Avis Budget on a securitisation programme for its operations in several European jurisdictions.

Significant clients Barclays Bank, Crédit Agricole Corporate and Investment Bank, HSBC Bank, Crédit Suisse Securities, Goldman Sachs International.

Competition/European Law - Spain

Basic facts about the department
- 1 partner
- 12 other qualified lawyers

What the team is known for Excellent track record representing clients in antitrust litigation, abuse of dominant position and cartel investigations before Spanish and European courts. Also highly active in cross-border merger control.

Strengths (Quotes mainly from clients)
"Very warm people, keen to nurture the customer relationship. We feel they are an extension of our in-house team."

"The firm's extensive international network is extremely useful when working in different jurisdictions." 

What's new? IAG and Samsung are some of the firm's new clients this year.

Work highlights Represented Swiss Reinsurance Company in an appeal against a CNC decision to impose a EUR22.6 million fine for price-fixing practices.

Represented Alliance One International in four appeals before the ECJ concerning raw tobacco cartel claims.

Notable practitioners  

Department head Miguel Odriozola is described by sources as "responsive, sharp and business-minded. He is one of the leading experts in competition law. US-educated, he is perfectly fluent in English and comes up with excellent recommendations."

Antitrust partner Begoña Barrantes earns excellent feedback: "She was instrumental in getting a successful result. It is a privilege to work with her."

Associate Carlos Vergez is highlighted for his friendly manner and ability to deliver high-quality client service.

Foreign associate Ana Vide enters the rankings thanks to excellent feedback from clients, who describe her as "a hard-working person, available at all times and with valuable expertise in our industry." She is qualified in Portugal and has been working in Spain for the last eight years.

Significant clients Oracle, Telefónica, Antena 3, IAG, Endesa.  

Corporate/M&A - Spain

Basic facts about the department
- 5 partners
- 25 other qualified lawyers

What the team is known for A high-end corporate practice with deep expertise in corporate finance, acquisitions, IPOs and joint ventures. Additional strength in mergers, private equity transactions and LBOs.

Strengths (Quotes mainly from clients)
"The team did an excellent job, not just with the documentation but also in meetings. It prepared all legal arguments extensively and defended our interests well in negotiations. The work was very well structured and all sides were happy in the end." 

What's new? New client wins include Barclays Infrastructure, Actis, AXA Private Equity and Macquarie Infrastructure Group.

Work highlights Assisted ACS with several divestments, including the EUR223.4 million sale of nine wind farms. 

Advised Abertis Infraestructuras on the acquisition, sale and leaseback of 500 telecoms infrastructure towers.

Notable practitioners 

Market leader Javier García de Enterría receives impressive client feedback: "His knowledge of the international corporate market is extraordinary. I don't just mean his legal expertise, but also of how companies work. He works very closely with the client."

Clients praise Javier Amantegui, with one stating: "He takes a practical approach to solving issues and gives the best advice because he always takes into account both legal and commercial aspects."

Practice head José María Fernández-Daza continues to impress clients, who say: "He's outstanding; his personal and professional qualities are like nobody else's. Fantastic in negotiations."

New managing partner Jaime Velazquez enters the rankings following glowing feedback: "He's very good in negotiations: he knows where to push and where the other side could give in a bit. He's fast, rigorous and available all day."

A newcomer to the rankings, senior associate Luis Alonso earns warm comments from clients: "He is practical, solution-oriented and persevering in negotiations. He convinces himself that he's right, which makes him a powerful negotiator."

Significant clients Abertis Infraestructuras, Santander, Abengoa, CaixaBank, Gas Natural.

Dispute Resolution - Spain

Basic facts about the department
- 4 partners
- 25 other qualified lawyers

What the team is known for Diverse practice covering business, insurance and M&A litigation. Additional strength in domestic as well as ICC and ICIA arbitration. Impressive clientele of major international and domestic corporates.

Strengths (Quotes mainly from clients)
"I'd recommend the team for litigation because of its experience and dedicated lawyers."

"The firm does domestic litigation as well as international work. It is definitely a market leader."

What's new? Barclays, Ernst & Young and Allianz are some of the firm's new clients this year.

Work highlights Represented Martinsa-Fadesa in a liability dispute against its former chairman and controlling shareholder, Manuel Jove.

Advised Abengoa on a EUR81 million claim against Mexico under the bilateral investment treaty (BIT) between Mexico and Spain.

Notable practitioners

Practice head José Antonio Caínzos earns strong feedback from a variety of sources: "Caínzos is a magnificent litigator, a good speaker and an experienced practitioner."

Restructuring expert Iñigo Villoria focuses on insolvency-related disputes. Interviewees describe him as "technically impeccable."

Ignacio Díaz enters the rankings following positive client comments: "He's very astute in his analysis of problems. He's conscientious and I'd highly recommend him."

Significant clients Iberia, ACS, Abengoa, Fondo de Garantía de Depósitos, Endesa.

Employment - Spain

Basic facts about the department
- 1 counsel
- 5 other qualified lawyers 

What the team is known for Exceptional expertise in restructurings, collective negotiations and litigation. Particular focus on complex matters arising in the banking and industrial sectors.

Strengths (Quotes mainly from clients)
"Their service is excellent, not only in terms of technical quality but also speed."

"The lawyers are flexible and I very much appreciated their practical approach and the solutions they provided." 

Notable practitioners  

Department head Juan Calvente continues to impress clients, who note that "he is an excellent communicator with much experience and knowledge."

Significant clients Orizonia Group, Kimberly-Clark, Citigroup, Banco Santander, FROB.

Energy & Natural Resources - Spain

Basic facts about the department
- 5 partners
- 16 other qualified lawyers

What the team is known for A prestigious practice with substantial experience in the regulatory, finance, corporate and competition matters affecting energy clients. Noted for its outstanding international network.

Strengths (Quotes mainly from clients) 
"A highly pragmatic team which focuses on securing the deal."

"The lawyers are responsive, proactive and pragmatic. When we had questions they were available to talk and find a solution."

Work highlights Represented Endesa in several legal proceedings against the Spanish Ministry of Industry concerning electricity tariffs.

Notable practitioners  

Leading lawyer Juan José Lavilla is "generally recognised as the most competent litigator for regulatory and energy issues. He is really the best, more technical, scientific and academic than others," raves a peer.

Clients highlight administrative law expert José María Fernández-Daza as "a specialist in infrastructure as well as energy. An excellent professional - it is a pleasure to work with him." 

Significant clients Endesa, Iberdrola, CEPSA, Enel Green Power, EFET.

Environment - Spain

Basic facts about the department
- 1 partner
- 8 other qualified lawyers

What the team is known for A highly skilled team handling all aspects of environmental law, including transactions, regulatory issues and environmental liability and risk assessment. Particularly strong in carbon trading and litigation.

Strengths (Quotes mainly from clients)
"The most positive aspect is the character of the lawyers and the experience they bring to the table - their rigour and dedication are phenomenal."

"The team understands client needs perfectly, with a commercial sensitivity that we really appreciate."

Work highlights Advised Endesa on the legal consequences of a possible decision not to commence the second phase of a gas capture and storage project. 

Assisted Banco Santander with the financing of three wind farms currently under construction in Uruguay.

Notable practitioners 

Department head Juan José Lavilla is an experienced and well-recognised practitioner, highlighted by clients as "a rigorous, extremely sharp lawyer who knows the letter of the law inside out." 

Significant clients EDF, Iberdrola, Endesa, Enel Green Power, Urbaser.

Insurance - Spain

Basic facts about the department
- 4 partners
- 1 counsel
- 10 other qualified lawyers

What the team is known for Advises on insurance, reinsurance and pension fund matters, covering M&A, regulatory, litigation, finance, tax and employment. Also able to handle multi-jurisdictional mandates. 

Strengths (Quotes mainly from clients)
"The fact that it can cover various areas is a great advantage." 

"The advice was pragmatic and relative to the needs of the business." 

Work highlights Advised Generali on the restructuring of the real estate management business of the group in Spain.

Represented Mutua Madrileña in civil proceedings brought by third parties claiming indemnification for fire damage to an industrial estate.

Notable practitioners  

Corporate counsel Jaime Sánchez Santiago impresses clients: "He doesn't send long summaries - his work is practical and business-oriented. He really brings added value."

Significant clients Zurich, Allianz, AXA, Swiss Re, AIG, Aviva.

Intellectual Property - Spain

Basic facts about the department
- 2 partners
- 15 other qualified lawyers

What the team is known for Maintains its market-leading position. Handles an array of cases covering IP rights, trade mark, copyright, patent and unfair competition, as well as e-commerce. Offers a full range of advisory and contentious capabilities, including multi-jurisdictional IP litigation and arbitration, regional enforcement and licensing.

Strengths (Quotes mainly from clients)
"The team is very well known in Spain, having earned respect for its patent work."

"It has a lot of great people on board, different partners and associates doing good work and offering a lot of manpower."

What's new? Linde, Leo Pharma, Ekologic Seeds, Danone and Bayer-Schering are new client wins.

Work highlights Represented Samsung Electronics in an infringement and unfair competition case against Apple.

Represented Nestlé, Nestec and Nestlé Nespresso in patent, trade mark and unfair competition proceedings against Sara Lee Southern Europe.

Notable practitioners  

Practice head Miquel Montañá is regarded by sources as "the best lawyer in Spain." Clients appreciate that he "is persistent and always tries to think of new solutions, so he continues to create case law."

Patent expert Isabel Carulla "looks at things with fresh eyes and is really nice to work with," say market sources.

Montserrat López-Bellosta is sought after for her experience in IP litigation. She recently represented two companies that are part of the MANGO Group in proceedings brought by Paule Ka, relating to the infringement of an EU non-registered design and copyright.

Significant clients Pfizer, Nestlé Nespresso, Novartis, Saint Gobain, Eli Lilly.

Life Sciences - Spain

Basic facts about the department
- 2 partners
- 14 other qualified lawyers

What the team is known for Offers in-depth knowledge of IP, competition, regulatory and compliance matters in the life sciences sector. Acts on behalf of pharmaceutical, healthcare and chemical companies, and remains a favourite for patent litigation.

Strengths (Quotes mainly from clients)
"Pretty close to perfection: the firm has a lot of manpower and all the lawyers are solid, including at associate level. They have high standards in all the things that we value, so we don't look elsewhere."

"The firm always offers the highest quality, responsiveness and efficiency."

Work highlights Represented Astellas Pharma in patent infringement proceedings relating to medicinal products containing Tamsulosin.

Advised Almirall on the labelling requirements of drugs presented in aerosol format.

Notable practitioners  

Department head Miquel Montañá maintains an excellent reputation in patent litigation and IP issues within the pharmaceutical sector. "He's extremely good at explaining things and stupendous in court," say clients.  

Isabel Carulla enjoys a solid reputation. Clients describe her as "highly methodical. She responds very quickly and lets nothing escape her attention."

Montserrat López-Bellosta is well known for her expertise in regulatory issues. Clients admire her creativity and client relationship skills. 

Significant clients Isdin, Eli Lilly, Astrazeneca, Almirall, Baxter Healthcare.

Private Equity - Spain

Basic facts about the department
- 4 partners

What the team is known for A highly experienced team, well versed in domestic and international private equity matters. Outstanding expertise in all areas from fund formation to investment, with a keen focus on transactional work.

Strengths (Quotes mainly from clients)
"One of the most positive aspects of working with this team was its availability, especially at partner level. Response times are very rapid indeed and we had a very good relationship."

"A great level of service; the lawyers are really a step above the rest when it comes to financing."

Work highlights Advised Mercapital on its acquisition of plastics manufacturer Betapack Group.

Notable practitioners

Javier Amantegui maintains his solid reputation as one of the foremost private equity lawyers in Spain. Clients highlight him as "a stupendous lawyer; detail-oriented, hands-on, straightforward, pragmatic and flexible."

Jesús Durán continues to be recognised within the market and is praised by clients as "thoughtful, hard-working and very efficient."

Samir Azzouzi continues to grow in strength and market recognition. Clients note that "he is an absolute machine when it comes to work, very commercially minded and pragmatic. He provides quick, well-analysed responses."

Thais García is certainly up-and-coming within the market. Clients describe her as "technically very good, detail-oriented and diligent." 

Significant clients Actis, Bridgepoint, N+1 Mercapital, Carlyle Group, Nazca Capital.

Projects - Spain

Basic facts about the department
- 6 partners
- 22 other qualified lawyers

What the team is known for Well versed in all forms of bank and capital markets financing. Unparalleled expertise in the financing of energy and infrastructure projects. Particularly active in project bond transactions and cross-border deals involving emerging markets, especially in Latin America and Eastern Europe.

Strengths (Quotes mainly from clients)
"An authority in this area. My first option - I choose this firm whenever I can."

"The best in Spain. In terms of client attention, it feels like working with a boutique. A firm that competes in quality rather than price."

Work highlights Advised Banco Santander on the privatisation of the Greater Barcelona water supply system.

Assisted public infrastructure fund Axis with the financing of a new hospital in the Vigo region, and a road in the Basque country.

Notable practitioners  

"Brilliant" José Guardo enjoys much prestige for his expertise in project finance: "He is proactive and constructive. One of those lawyers who try to eliminate obstacles and focus on relevant matters to reach a constructive agreement," say clients. 

"Highly intelligent" Alberto Manzanares "is spectacular for acquisition work. He takes a global perspective and is good for international work. He can see things that others cannot," note interviewees.

Eduardo García is highly regarded for his expertise in project bond transactions.

Epifanio Pérez comes highly recommended as a brilliant project finance practitioner with outstanding negotiation capabilities.

Significant clients Banco Santander, BBVA, CaixaBank, BNP Paribas, Crédit Agricole.

Public Law - Spain

Basic facts about the department
- 2 partners
- 9 other qualified lawyers

What the team is known for Exceptional full-service team renowned for its litigation work in the telecommunications, pharmaceutical, infrastructure and energy sectors. Impressive reputation for regulatory work on behalf of banks and financial institutions, on which it co-operates with the firm's well-known banking department. Also negotiates with various regulatory authorities when required.

Strengths (Quotes mainly from clients)
"I like the team's excellent service. It produces high-quality work and its lawyers are responsive and available."

"Excellent service - the best firm I have worked with."

"We get brilliant, dedicated support from the team and good value for money, too."

What's new? Comercial de Ediciones and Corporación Andina de Fomento are amongst many new clients of the team.

Jose Luis Zamarro was promoted to partner as of May 2013.

Work highlights Represented Iberdrola in administrative appeals against provisional settlements approved by the Spanish energy regulator regarding the financing of the tariff deficit.

Represented Bayer in an appeal against an administrative decision not to include a medicinal product in the public pricing system.

Notable practitioners  

Department head Juan José Lavilla is particularly experienced in the telecoms, energy and environment sectors. "He is a great legal mind with in-depth knowledge of all aspects of administrative law. He is also flexible and comes up with ideas to close deals or resolve problems," say sources.

New partner Jose Luis Zamarro is an up-and-coming star of the Spanish public law market. He focuses on the financing of public entities, PPP projects and infrastructure issues. Clients say: "He has great knowledge of the law and a lot of experience, making him a lawyer who offers practical solutions."

Significant clients Ono, Iberia, OHL, RWE, Globalvía.

Real Estate - Spain

Basic facts about the department
- 2 partners
- 12 other qualified lawyers

What the team is known for Excellent track record handling all aspects of real estate transactions including acquisitions, leasing and financing. Additional expertise in complex refinancings, pre-insolvency and insolvency matters.

Strengths (Quotes mainly from clients)
"We've recommended the firm to others because I feel confident that everything we instruct it on will be dealt with in a timely manner and it can anticipate solutions to potential problems."

"The team is in all the landmark and big deals that come into the market. It has a good reputation with big banks and funds."

What's new? IRSA, Magic Real Estate and GE Capital are some of the practice's new clients.

Work highlights Assisted SAREB with the co-ordination, analysis and due diligence of its EUR55 billion portfolio of assets.

Advised TPG on the acquisition of a majority stake in CaixaBank's real estate servicing platform.

Notable practitioners

Global head of real estate Alfonso Benavides earns rave reviews from clients: "He's an excellent professional and he knows the real estate sector inside-out. I only have good things to say about him." He represented Banesto in the financing granted to Explotadora de Hoteles for the acquisition of the Hotel Suecia in Madrid.

Carlos Portocarrero is widely praised by market observers. One interviewee said: "He gets inside the counterparty's skin and really is a deal maker." He was the lead partner co-ordinating the due diligence of SAREB's EUR55 billion portfolio of assets.

Clients describe counsel Blanca Ochoa as "very proactive and organised; she always listens and can steer us towards the right direction to get to a good solution."

Sources say Guillermo Rodrigo is "technically very strong and good at finding solutions."

Significant clients Morgan Stanley REF, BBVA, Unibail Rodamco, Deutsche Pfandbriefbank, Bankia.

Restructuring/Insolvency - Spain

Basic facts about the department
- 5 partners
- 30 other qualified lawyers

What the team is known for A leading team of banking and dispute resolution experts handling restructuring and insolvency matters. The firm's full-service offering is an advantage, with capital markets, tax and corporate specialists stepping in when required. The team is recognised for its advice to creditors, and also recently started acting for debtors. 

Strengths (Quotes mainly from clients)
"The team tries to find solutions that are acceptable for the client and the counterparty."

"It has a major presence in Spain, and is always present in big deals."

What's new? Carlyle and Orizonia are new client wins.

Work highlights Advised Eroski on its EUR2.51 billion debt refinancing.

Acted for travel group Orizonia on its refinancing attempts and eventually in insolvency proceedings with EUR1.3 billion in liabilities.

Notable practitioners  

Insolvency practitioner Iñigo Villoria stands out for his advice to creditors. Sources praise his excellence, experience and knowledge.  

Clients appreciate refinancing expert Carlos Hernández-Canut, saying: "He tries to understand the client's concerns and moves matters forward with the counterparty."

Associate Rodrigo Uría is increasingly active in prominent mandates; for example, he was part of the team advising on Eroski's debt refinancing.

Significant clients RBS, Hypothekenbank, Banco Espírito Santo, Barclays, HSBC.

Shipping - Spain

Basic facts about the department
- 1 partner
- 7 other qualified lawyers

What the team is known for Particularly known for its prowess in tax lease and tonnage tax structures. Also experienced in the tax structuring of cross-border acquisitions and finance schemes.

Work highlights Advised Banco Santander on a tax lease and tonnage tax combined scheme for the construction of a pipe-laying vessel.

Notable practitioners 

Pablo Serrano de Haro heads the practice. 

Tax - Spain

Basic facts about the department
- 1 partner
- 9 other qualified lawyers

What the team is known for Strong presence in transactional work, with particular expertise in telecommunications, energy and sports. The team has a prestigious list of standalone clients, and also provides support to other practice groups. 

Strengths (Quotes mainly from clients)
"Clifford Chance would be our main choice in Spain, we're very happy with the lawyers - they have an ability to resolve problems quickly and efficiently."

"The lawyers are open and listen to client needs. They are straightforward, transparent and clear." 

Work highlights Advised SAREB on the VAT issues affecting the EUR55 billion assets it received from several Spanish banks.

Assisted BBVA with the tax aspects of the EUR32 million sale and leaseback of its Paris headquarters.

Notable practitioners 

Practice head Pablo Serrano de Haro is "excellent technically; he acts outside the call of duty and is outstanding at relationship-building."

Clients admire Roberto Grau's "deep industry knowledge and practical responses."

Significant clients SAREB, FROB, Santander, BBVA, Solaria.

TMT - Spain

Basic facts about the department 
- 6 partners
- 20 other qualified lawyers 

What the team is known for A large and highly specialised team with an exceptional reputation in telecoms and media. Assists clients with litigation, regulatory, corporate and antitrust issues, and is noted for its UK law expertise.

Strengths (Quotes mainly from clients)
"A team of sophisticated, top-class lawyers with a lot of new ideas. Not only do they know all the legal details in depth, but have huge experience in a high number of transactions."

"The firm enables the client to do what the client wants to do. It issues complex legal opinions as well as general advice which covers multiple jurisdictions."

What's new? José Luis Zamarro was promoted to partner in the public law department. He often handles TMT mandates. 

Work highlights Represented Telefónica in an appeal against a EUR47 million fine imposed by the Spanish competition authority.

Notable practitioners  

Public law expert Juan José Lavilla earns praise for his expertise in telecommunications.

A former secretary to the Telecommunications Market Commission, Jaime Velazquez is "sensational; an excellent lawyer," according to clients. 

Significant clients Abertis Telecom, Carrefour, Samsung, Telefónica.

Wealth Management - Spain

Basic facts about the department
- 1 partner
- 10 other qualified lawyers 

What the team is known for Noted for its outstanding global network of financial, tax and regulatory specialists. Advises individual clients and private banking divisions of international and Spanish financial institutions.  

Strengths (Quotes mainly from clients)
"We trust and rely on this firm. It is rigorous, up to date on the latest jurisprudence and provides quick, solid advice."

Work highlights Advised private clients of Banco Santander on international tax planning for real estate investments.

Notable practitioners  

Pablo Serrano de Haro assists clients with international taxation issues, real estate transactions, investment funds and private equity. He is lauded as "fast, solution-oriented, efficient and highly qualified." 

Significant clients Barclays Wealth, JPMorgan, MoraBanc, N+1.

Banking & Finance - Turkey

Basic facts about the department
- 3 partners
- 2 counsel
- 9 other qualified lawyers 

What the team is known for Offers a broad banking and finance service to domestic and global clients. Particular strengths include representing lenders and borrowers in acquisition financings, advising on covered trade and export credit facilities, and acting on Islamic finance transactions.

Work highlights Advised Ford Otosan, a joint venture between Koç and Ford Motors, on its EUR120 million European Investment Bank financing and guarantee facility.

Notable practitioners

Simon Williams is the key contact for international banking and finance clients.

Significant clients Merrill Lynch, Garanti Bank.

Banking & Finance - UK

Basic facts about the department
-55 partners
-49 other qualified lawyers

What the team is known for Continues to perform at the highest level across the board on leveraged finance, investment grade and emerging markets transactions. Dominant presence on both the borrower and lender sides due to the scale and experience of the team.

Strengths (Quotes mainly from clients)
"Pragmatic, hard-working and knowledgeable, with a good spread of experience and a large talent pool."

"They have a depth of legal resources and skills available, and a commercial approach to problem solving."

"They have an elevated view of the market and a depth of experience; they don't waste time."

Work highlights Represented a syndicate of lenders, made up of more than 90 banking institutions, on the USD12.47 billion revolving credit facilities provided to Glencore International and Glencore Singapore.

Advised on a dual currency financing provided to borrower client Türk Telekomünikasyon. The three-year term loan facility was made up of a USD285.12 million tranche loan and a EUR239.4 million tranche loan.

Notable practitioners  

Michael Bates earns plaudits for his high-profile banking practice, recently acting for a nine-bank club providing EUR3.2 billion of funding for Macquarie's acquisition of Opengrid Europe. He is known as a strong, hands-on practitioner who "will challenge his own clients if he thinks they are not being flexible enough, and he has a strong reputation which helps to get things done."

Mark Campbell maintains a stellar reputation in the market, and recently advised the eight co-ordinating banks on the refinancing of CEMEX's debt, a transaction worth over USD7 billion. He consistently attracts positive commentary, with one source noting: "He has a very broad understanding of transactions and the market; he's down-to-earth and keen to get to the right answers."

Charles Cochrane recently acted on a complex amendment and restatement of existing facilities on behalf of BNP Paribas and Deutsche Bank, adding a further GBP260 million senior term loan facility. He is lauded for his "ability to bring complex concepts down to an understandable level," and is further described as "very commercial, hard-working and able to juggle numerous things all at once."

Distinguished partner Alan Inglis has been busy of late with mandates from BNP Paribas, SA Surcursal en Espana and Crédit Agricole, working on amendment and restatement and amend-to-extend transactions respectively. He is highlighted as "one of the big players" in the field.

Habib Motani maintains a very highly regarded Islamic finance practice and has been working closely with ISDA and IIFM of late on the preparation of cross-currency swap and profit rate swap confirmation templates.

Nicola Wherity has advised on an impressive number of matters of late, including an USD8.5 billion revolving credit facility extended to Nestlé by client Citigroup Global Markets. She is "practical, very clear in getting her thoughts across, very commercial and market-aware, and hard-working," according to impressed sources.

James Johnson receives glowing reviews from market commentators, who describe him as "very impressive," "very commercial" and "very effective at getting things done." He is an extremely effective lender's counsel, acting recently for Lloyds and Citibank, amongst others.

Jim MacHale has the full confidence of his clients, who mark him out as being "exceptionally experienced," with one source adding: "He has a good balance of being commercial, but when it comes to belt-and-braces stuff he is on the ball constantly." MacHale recently represented a syndicate of six lenders in the provision of an acquisition facility worth GBP125 million.

Roderick McGillivray is a highly visible partner in this space, regularly acting on some of the most high-profile transactions in the market. He was mandated to act on behalf of Anheuser-Busch InBev in connection with the USD14 billion financing for the acquisition of Grupo Modelo SAB.

Emma Folds has a thriving practice focusing on European acquisition finance transactions. A recent highlight saw her advising mandated lead arrangers Citibank, Commerzbank, DZ Bank, Rabobank and Deutsche Bank on EUR131 million of financing for the acquisition of Kobusch. She is identified as a "commercially effective negotiator."

Malcolm Sweeting remains a standout name amongst peers and is admired for his experience and collaborative style. He recently oversaw AB Volvo's multicurrency revolving facility, worth EUR1.2 billion.

Significant clients Qatar Islamic Bank, HSBC, Credit Suisse, AB Volvo, Anheuser-Busch InBev.

Capital Markets - UK

Basic facts about the department
- 23 partners 
- 114 associates

What the team is known for Remains at the forefront of the market on both the debt and equity side, boasting a well-balanced practice that effectively assists underwriters and issuers across a range of complex matters. Draws upon the firm's deep bench of practitioners in order to provide expertise across a range of key sectors including insurance, tax and mining. 

Strengths (Quotes mainly from clients)
"Excellent common sense, friendly service from them. Very high quality, whether they're advising you, or on the other side, they're not the sort of firm that unnecessarily creates problems."

"Clifford Chance is my law firm of choice because of the level of senior support I receive on transactions as well as the depth of legal knowledge and capacity in the other lawyers."  

Work highlights Acted for joint lead managers Deutsche Bank and Barclays Bank on the Republic of Zambia's USD750 million debut Eurobond issue.

Advised Bank of America Merrill Lynch on Russian oil and gas explorer and producer RusPetro's USD250 million LSE IPO. 

Notable practitioners  

Sources are keen to highlight that global head of capital markets David Dunnigan "is very accessible and hands-on." He also wins plaudits for his "pragmatic approach to solving legal issues" and "great communication and interpersonal skills." He acted for Inter-American Investment Corporation, helping to establish its USD1 billion EMTN programme.

Simon Sinclair wins praise for being "very client service-focused," and has particularly impressed interviewees with his responsiveness and his measured approach. He specialises in both debt and equity capital markets work, and recently assisted UBS with a USD2 billion CoCo issue.

John Connolly is a US securities expert, and of late he has handled all the US securities aspects of NMC Health's initial LSE listing, on behalf of Deutsche Bank.

Stewart Dunlop comes highly recommended for his expertise on liability management issues, and he also handles EMTN programmes, regulatory capital issues and equity-related issues for borrowers and arrangers.

David Bickerton is managing partner of the firm's London office. Interviewees appreciate that he makes them feel like "the only client in the world" and highlight that he provides clear advice and is very accessible. 

Simon Thomas "really has a good understanding of the issues that matter to banks" and "provides clear and solution-based advice," according to sources. He focuses on ECM work and has significant emerging markets experience, particularly in the Middle East and Russia.

Christopher Walton has a wealth of experience advising on US capital markets issues, as well as international ones. He was part of the team that advised Bank of America Merrill Lynch on RusPetro's USD250 million flotation on the LSE.

Adrian Cartwright is co-head of the European capital markets group. He acted on behalf of JPMorgan on the EUR1.25 billion issue made by KBC, via an accelerated book build.

Significant clients Deutsche Bank, EQT, Goldman Sachs, Montagu, Nomura.

Competition/European Law - UK

Basic facts about the department
- 6 partners
- 21 other qualified lawyers

What the team is known for Offers a highly rated competition litigation team that is experienced in acting before both domestic and European courts. Also provides clients with commercially savvy advice in the merger control field.

Strengths (Quotes mainly from clients)
"Competition is often multi-jurisdictional and they are able to think about strategy on a wider scale."

"They are a very effective team that works hard for clients to produce good results."

Work highlights Advised Everything Everywhere on the competition and regulation aspects of its application to become the UK's first provider of 4G mobile services.

Acts for AXA Insurance in dealing with the OFT investigation into the exchange of information in the private motor insurance sector and the Competition Commission investigation into the general motor insurance market.

Notable practitioners  

Singled out for his business acumen, Alex Nourry "has a very commercial take on competition issues." As such, he has particular expertise in large-scale merger control work.

Greg Olsen is singled out for his stellar client-handling skills, with one source stating that "he is the perfect person to interact with clients – he is pragmatic and makes complex rules simple by bringing it down to the core issues."

Leading litigator Elizabeth Morony is regularly singled out by sources, with one saying that "her knowledge of competition law is superb" and that "she is a master tactician, with clients who love her." Morony is widely experienced in litigating across the full range of contentious competition matters.

Luke Tolaini is a noted competition litigator with a strong track record in contentious matters. He has recently advised clients on abuse of dominance, cartel and follow-on damages claims.

Significant clients Barclays Bank, The Co-operative Group, LCH Clearnet, Morgan Crucible, NBCUniversal.

Corporate/M&A - UK

Basic facts about the department
- 39 partners
- 75 other lawyers

What the team is known for Advises multinational clients on substantial and complex transactions. Expertise on cross-border and high-profile deals.

Strengths (Quotes mainly from clients)
"They were working hard 24 hours a day and I could always reach them, and they gave good and clear advice."

"They are highly responsive and a great team."

"They give an excellent service."

Work highlights Represented International Power in a GBP6.4 billion recommended cash offer by Electrabel to acquire shares in International Power not owned by GDF SUEZ.

Advised Co-operative Banking on its acquisition of 632 branches of Lloyds TSB and Cheltenham & Gloucester.

Represented Cinven in the parallel acquisitions of Mercury Pharma and Amdipharm for GBP465 million and GBP367 million respectively.

Notable practitioners  

David Pudge "is super-responsive and helps us sort out problems," impressed clients report. He represented Santander in the sale of its stake in Thames Water to China Investment.

Tim Lewis represented Shell in its proposed offer of GBP992.4 million for Cove Energy. Clients say he is "impressive and helpful" and "a really hard-working guy."

David Pearson is a highly respected lawyer whom sources particularly recommend for his representation of public companies. He advises an array of clients on domestic and cross-border M&A transactions.

Spencer Baylin is "highly client-focused," "clear-thinking" and "commercially sound," clients say. He has recently advised TeliaSonera on several transactions involving Kcell, including the acquisition of the remaining 49% of Kcell for USD1.5 billion.

Significant clients Barclays, Motorola, McGraw-Hill, HSBC, Permira.

Investment Funds - UK

Basic facts about the department
- 3 partners
- 17 other qualified lawyers

What the team is known for Performs consistently well across the private equity and real estate funds arenas, with an impressive track record acting on multibillion-pound fund-raisings. Noted for its depth of knowledge on relevant regulation and tax requirements.

Strengths (Quotes mainly from clients)
"The key strength of that team is commercial awareness. They have seen every issue and can come up with solutions."

"We like the breadth of their capabilities and the consistent quality they provide."

"They have huge strength and depth in this field."  

Work highlights Acted as co-counsel on Permira's fifth European buyout fund, Permira Fund V.

Acted for Tata Capital on its Opportunities Fund, with a fund-raising target of USD1 billion.

Notable practitioners  

Nigel Hatfield "stands out from much of the rest of the field," according to one interviewee. His profile in the market is strong, having acted on some of the most significant private equity and real estate funds in recent years. He was engaged on Infracapital's second infrastructure fund, targeting GBP900 million.

The "super-responsive" Gerard Saviola "looks out for our interests vigorously," says one client, adding: "He is pragmatic and tactical in the way he runs negotiations – he is more than just a lawyer."

Significant clients 3i, BlackRock, Apax, Pramerica, Sequioa.

Litigation - UK

Basic facts about the department
- 25 partners

What the team is known for Acclaimed for its substantial resources and deep bench of talented litigators. Consistently instructed on high-profile cases arising from the financial sector. Recognised for its full-service offering to corporations, individuals and financial institutions.  

Strengths (Quotes mainly from clients)
"They have the ability to manage and run the largest cases and investigations due to their strength in depth and global presence."

"Experience in running large matters and ability to see the bigger picture. Strong commercial focus and sensitivity to internal issues."

"Extremely impressive. They go well beyond what you would normally expect from a big team on a big case and they cover every angle extremely diligently."

Work highlights Acting for Barclays Bank on the test case brought by Guardian Care Homes Group, a significant matter involving allegations of mis-selling and Libor fixing, which could affect future Libor rate-setting investigations.

Representing Autonomy founder Mike Lynch in complex litigation regarding allegations of misrepresentation and financial impropriety made by Hewlett-Packard, which purchased Lynch's software company in 2011.

Notable practitioners 

Simon Davis has had heavy involvement in the firm's work on behalf of Barclays regarding Libor rate-setting investigations. He is identified as a "calm, approachable presence with a strategic focus," with a valuable ability to "maintain a sense of the matters as a whole."  

Roger Best's "deep understanding of the regulatory landscape, in the UK and elsewhere," makes him a go-to adviser to numerous key clients. He is further picked out as a "good tactician" by one impressed interviewee.

Described by clients as "very, very good," Jeremy Kosky maintains a strong reputation for his work on contentious trusts and commercial disputes.

Ian Moulding garners admiration for his organisational abilities and is noted by one source as "experienced and skilled at managing big cases." Of late he has advised Barclays Bank on the much-publicised Libor-fixing test case brought by Guardian Care Homes.

Experienced litigator Iain Roxborough is "very client-focused" and "good at tailoring advice." A retail and investment bank client lately instructed him to act on potential claims relating to an incident with its computer systems. He is lauded for his "strong strategic acumen." 

Significant clients Deutsche Bank, Brookfield Multiplex, Henderson, BNP Paribas, Bumi Resources.

Restructuring/Insolvency - UK

Basic facts about the department

- 7 partners
- 15 other qualified lawyers

What the team is known for Frequently advises on non-domestic restructurings utilising English schemes of arrangement. Offers high-quality representation across the spectrum of restructuring and insolvency, including both creditors and debtors. 

Strengths (Quotes mainly from clients)
"They provide market-leading advice, as the restructuring team is at the forefront of current restructurings in Europe."

"They understand commercial realities and are good at providing alternatives and strategies which adapt to them."

Work highlights Advised RBS on the corporate restructuring of Vivacom (Bulgarian Telecommunications Group) using an English scheme of arrangement.

Advised the senior co-ordinating committee, including Barclays, BNP Paribas and HSBC, on the sale of Viridian's regulated energy business and the restructuring of the group post-sale.

Notable practitioners  

Interviewees value Philip Hertz for his direct approach. One source comments: "He is extremely hard-working and has the courage to give his views despite the risks." He is experienced in advising financial institutions, and was lead partner on the Vivacom deal.

Adrian Cohen frequently advises on multi-jurisdictional deals, and was part of the team that advised Dubai-based shipping company Drydocks World on its financial restructurings.

While previously noted for his insurance expertise, David Steinberg also advises on a significant amount of mainstream restructuring deals. Sources say: "He is calm and unflappable. Whatever a deal throws up he can cope with it without becoming too emotive in overly emotional circumstances." 

Tax - UK

Basic facts about the department
- 10 partners
- 30 other qualified lawyers

What the team is known for Represents and advises leading financial institutions on complex tax issues. Highly adept at handling sophisticated cross-border transactions, especially those involving jurisdictions with challenging tax regimes. 

Strengths (Quotes mainly from clients)
"Clearly a very strong tax practice."

Work highlights Advised Deutsche Bank on the sale of Actavis's generic pharmaceutical group to Watson Pharmaceuticals, a transaction involving tax regimes in the USA, Germany and the UK.

Acted for RBS during Associated British Ports' attempts to establish a business securitisation debt issuance platform, a transaction involving complex tax issues related to structured debt and securitisation.

Notable practitioners  

Jonathan Elman focuses on corporate and finance taxation matters. Sources say he is "extremely good, very experienced and a top City tax lawyer." Clients value his advanced understanding and his ability to be "thorough, careful, determined and a good fighter when it comes to litigation."

Global tax head David Harkness is a well-respected figure in the market. He has particular expertise in public takeover and tax disputes. Recent work includes advising EDF on the sale of its Sutton Bridge power station.

Dan Neidle has expertise in a broad range of tax matters relating to corporate and financial transactions. He is adept at handling both domestic and international matters. He has recently advised RBS, Citibank and Deutsche Bank on a number of complex transactions.

Sources say Anthony Stewart "is pragmatic and has very deep industry knowledge." His practice focuses on taxation issues related to investment funds.

Douglas French focuses on the full range of tax issues related to corporate and commercial transactions. He has recently retired from the partnership but continues to act as a consultant.

Head of the international VAT group Etienne Wong stands out as an "excellent choice for indirect tax matters." He regularly advises financial institutions on the full range of indirect tax matters, including stamp duty and VAT.

David Saleh is singled out as "a specialist in real estate and indirect tax." He is experienced in advising on tax issues related to M&A, joint ventures and restructurings.

Significant clients Citibank, Abbey Life Assurance, Hammerson, Bank of America Merrill Lynch, Lloyds TSB Bank.

Banking & Finance - Ukraine

Basic facts about the department
- 1 partner
- 6 other qualified lawyers

What the team is known for Predominantly working on the lenders' side for international banks and financial institutions.

Strengths (Quotes mainly from clients)
"Very good synergy between English law and local law expertise."

Work highlights Advised Gazprombank on a USD2 billion loan facility to Naftogaz.

Acted for BNP Paribas and UniCredit on a USD125 million financing of Kernel Group.

Notable practitioners 

Olexiy Soshenko is the key banking lawyer at the firm, and a favourite with clients. According to sources, "he is really proactive and ready to find solutions." 

Jared Grubb is a highly visible and well-known player in the market. His connections and strong management lie behind much of the team's success.

Dmitriy Orendarets is a US-qualified lawyer and senior associate in the Kyiv office. He joins the rankings having earned extensive praise from clients.

Significant clients Deutsche Bank, EBRD, Sberbank, RCBCY.

Capital Markets - Ukraine

Basic facts about the department
- 1 partner
- 6 other qualified lawyers

What the team is known for Its international network is one of the firm's most attractive features, and it utilises its resources to advise on both debt and equity transactions.

Work highlights Acted for VTB Capital on a USD1 billion Eurobond issue by the Ukrainian government.

Notable practitioners  

Jared Grubb is the main point of contact for capital markets matters.

Significant clients UBS, Morgan Stanley.

Corporate/M&A - Ukraine

 Basic facts about the department
- 1 partner
- 9 other qualified lawyers

What the team is known for Its London links are a major attraction for many clients, and it is heavily involved in the energy industry.

Work highlights Acted for Arawak Energy on the establishment of a strategic partnership with Geo-Alliance Oil-Gas for the development of oil and gas fields.

Notable practitioners  

Dmytro Fedoruk continues to impress market sources with his strong, client-oriented service.

Significant clients Sberbank, TNK-BP, Valinor.

Energy & Natural Resources - Ukraine

Basic facts about the department
- 2 partners
- 10 other qualified partners

What the team is known for Sizeable team focused on oil and gas and renewable energy, with particular knowledge of wind mandates. Endorsed for its transactional experience on upstream, mid-stream and downstream oil and gas mandates. Skilled in advising on PSAs.

Work highlights Advised the American Chamber of Commerce in Ukraine on proposals to improve local legislation regarding PSAs.

Notable practitioners  

Dmytro Fedoruk is an experienced corporate lawyer who advises on energy transactions. He has experience of M&A matters and PSA negotiations.  

Significant clients EBRD, TNK-BP.

Restructuring/Insolvency - Ukraine

Basic facts about the department
- 1 partner
- 6 other qualified lawyers

What the team is known for Primarily represents international creditors in debt restructuring mandates.

Strengths (Quotes mainly from clients)
"All the client service is very diligent and all deadlines are being met. Its advice is crystal-clear and to the point."

Work highlights Acted for the co-ordinating committee of banks on the USD820 million restructuring of Donetsksteel.

Notable practitioners  

Jared Grubb is one of the most visible and well-known lawyers in the market.

Olexiy Soshenko "is an intelligent guy who can see the difference between 'need to' and 'nice to'," say sources. He was part of the team involved in the Donetsksteel restructuring.

Significant clients BNP Paribas, Crédit Agricole, RBS, UniCredit.