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Cleary Gottlieb Steen & Hamilton LLP

New York

  • One Liberty Plaza
  • New York
  • New York
  • USA
  • NY 10006
  • Tel:+1 212 225 2000
  • Fax:+1 212 225 3999
  • Web:Visit website
  • Managing Partner: Mark Leddy
  • Number of partners worldwide: 189
  • Number of lawyers worldwide: 1,200

Firm Overview: A leading international law firm with 16 offices located in major financial centers around the world, Cleary Gottlieb Steen & Hamilton LLP has helped shape the globalization of the legal profession for more than 65 years. The firm’s worldwide practice has a proven track record for innovation and providing work of the highest quality to meet the needs of its domestic and international clients. In recognition of the firm’s strong global practice, its effectiveness in dealing with the different business cultures of the countries in which it operates, and its success in multiple jurisdictions, Cleary Gottlieb received Chambers & Partners’ inaugural International Law Firm of the Year award. Cleary Gottlieb seamlessly handles the largest and most innovative matters worldwide. Publications and other data providers that cover the legal and financial industries consistently recognize Cleary Gottlieb for its legal excellence.

Recent firm awards and achievements:

Firmwide: Law Firm of the Year by Legal Business (2013); Best Law Firm by LatinFinance (2013); Top 3 Global Firm by Law360’s “Global 20” List of Preeminent Global Law Firms (2013); Top 10 Innovative Law Firm by Financial Times’ US Innovative Lawyers Report (2013); Global Elite firm every year since the list’s inception by Legal Business’ “Global 100” (2003-2013); Top 25 US Firm (Selected by General Counsel) by Corporate Board Member’s “America’s Best Corporate Law Firms Survey” (2013); Most Innovative US Law Firm in Europe by International Financial Law Review (2011 and 2013); Russian Law Firm of the Year by International Financial Law Review (2010 and 2013); European Legal Team of the Year by Legal Week’s British Legal Awards (2012); South Korea International Firm of the Year by Chambers Asia (2013); Best International Firm Latin America Practice by Euromoney Legal Media Group’s “Americas Women in Business Law Awards” (2012 and 2013); Latin America Law Firm of the Year by Chambers Global (2012).

Practices: Banking Practice Group of the Year by Law360 (2013); Securities Practice Group of the Year by Law360 (2011 and 2013); Real Estate Practice Group of the Year by Law360 (2013); Tax Practice Group of the Year by Law360 (2013); Top Two Elite Competition Firm by Global Competition Review (2011-2014); Restructuring Team of the Year by Legal Business (2013) and The Lawyer Awards (2013); M&A Practice Group of the Year by Law360 (2012); Antitrust Practice Group of the Year by Law360 (2012); Competition/ Antitrust Firm of the Year by Chambers Global (2012 and 2013) and Chambers USA (2011); Standout Securities and Finance Litigation Firm by BTI Litigation Outlook (2013); GAR100 Firm by Global Arbitration Review’s Top Arbitration Firms Worldwide (2013); Investment Funds Client Service Firm of the Year by Chambers USA (2012); International Trade & Finance Firm of the Year by US News & World Report - Best Lawyers’ Best Law Firms (2013).

Workplace & Pro Bono: Excellence in Diversity and Inclusion Award by Bank of America (2013); Diversity Firm of the Year by Benchmark Litigation (2013); Top 10 Law Firm by Vault Guide to the Top 100 Law Firms (2014); Top 15 in Diversity by The American Lawyer’s “Diversity Scorecard” (2013) and Vault Guide to the Top 100 Law Firms (2014); Top 6 in Diversity for LGBT and Minorities by Vault Guide to the Top 100 Law Firms (2014); Best Gender Diversity Initiative by Chambers Latin America Women in Law Awards (2012) (International Law Firm); Pro Bono Firm of the Year by Law360 (2012 and 2013).

Offices:  

New York: Cleary Gottlieb was founded in New York and Washington simultaneously in 1946. The New York office currently has approximately 600 lawyers representing both US and international clients in a wide range of general and highly specialized practice areas. The office’s primary practice areas include corporate; securities; structured finance; mergers, acquisitions and joint ventures; litigation; banking and financial institutions; bankruptcy and restructuring; sovereign governments and international institutions; tax; employee benefits; real estate; and work for individual clients and charitable organizations. Clients include multinational corporations, international financial institutions, sovereign governments and their agencies, as well as domestic corporations and financial institutions.

Washington: The Washington office of Cleary Gottlieb was established in 1946, when the firm was founded, and currently has approximately 100 lawyers. The office’s primary practice areas include antitrust, banking and financial institutions, corporate (including transactional and regulatory), and litigation and enforcement. Clients range from Fortune 500 corporations to government loan agencies.

INTERNATIONAl OFFICES 

ASIA Beijing, Hong Kong and Seoul

EUROPE Brussels, Cologne, Frankfurt, London, Milan, Moscow, Paris and Rome

LATIN AMERICA Buenos Aires and São Paulo

MIDDLE EAST Abu Dhabi

Areas of Practice

  • Antitrust & Competition
  • Banking & Financial Institutions
  • Bankruptcy & Restructuring
  • Capital Markets
  • Corporate Governance
  • Derivatives
  • Energy
  • Environmental Law
  • Executive Compensation & ERISA
  • Intellectual Property
  • International Trade & Investment
  • Leveraged & Acquisition Finance
  • Litigation & Arbitration
  • Mergers, Acquisitions & Joint Ventures
  • Private Clients & Charitable Organizations
  • Private Equity
  • Privatizations
  • Pro Bono
  • Project Finance & Infrastructure
  • Public International Law
  • Real Estate
  • Sovereign Governments & International Institutions
  • Structured Finance
  • Tax
  • White-Collar Defense, Securities Enforcement & Internal Investigations
  • Asia
  • Latin America
  • Middle East & North Africa
  • European Union

Branches

  • One Liberty Plaza,
  • New York,
  • USA
  • NY 10006
  • Tel +1 212 225 2000
  • Fax +1 212 225 3999
  • Website : www.clearygottlieb.com
  • 2000 Pennsylvania Avenue, NW,
  • Washington, DC,
  • District of Columbia
  • USA
  • 20006
  • Tel +1 202 974 1500
  • Fax +1 202 974 1999
  • Rue de la Loi 57,
  • Brussels,
  • Brussels Capital Region
  • Belgium
  • B-1040
  • Tel +32 2 287 2000
  • Fax +32 2 231 1661
  • Twin Towers - West (23rd Floor),
  • 12 B Jianguomen Wai Da Jie,
  • Chaoyang District,
  • Beijing,
  • China
  • 100022
  • Tel +86 10 5920 1000
  • Fax +86 10 5879 3902
  • 37th Floor, Hysan Place,
  • 500 Hennessy Road,
  • Causeway Bay,
  • Hong Kong,
  • China
  • Tel +852 2521 4122
  • Fax +852 2845 9026
  • 12, rue de Tilsitt,
  • Paris,
  • France
  • 75008
  • Tel +33 1 40 74 68 00
  • Fax +33 1 40 74 68 88
  • Main Tower,
  • Neue Mainzer Strasse 52,
  • Frankfurt-am-Main,
  • Hessen
  • Germany
  • 60311
  • Tel +49 69 97 1030
  • Fax +49 69 97 103 199
  • Theodor-Heuss-Ring 9,
  • Cologne,
  • North Rhine-Westphalia
  • Germany
  • 50668
  • Tel +49 221 800 400
  • Fax +49 221 800 40 199
  • Piazza di Spagna 15,
  • Rome,
  • Lazio
  • Italy
  • 00187
  • Tel +39 06 69 52 21
  • Fax +39 06 69 20 06 65
  • Via San Paolo 7,
  • Milan,
  • Lombardy
  • Italy
  • 20121
  • Tel +39 02 726 081
  • Fax +39 0286 9844 40
  • Paveletskaya Square 2/3,
  • Moscow,
  • Russia
  • 115054
  • Tel +7 495 660 8500
  • Fax +7 495 660 8505
  • City Place House,
  • 55 Basinghall Street,
  • London,
  • Greater London
  • UK
  • EC2V 5EH
  • Tel (020) 7614 2200
  • Fax (020) 7600 1698
  • Avda. Quintana 529, 4to piso ,
  • Buenos Aires,
  • Capital Federal
  • Argentina
  • 1129
  • Tel +54 11 5556 8900
  • Rua Funchal, 418, 13 Andar ,
  • São Paulo - SP,
  • Sao Paulo
  • Brazil
  • 04551-060
  • Tel +55 11 2196 7200
  • Fax +55 11 2196 7299

Corporate/Commercial - Africa-wide

What the team is known for Capital markets and transactional work are the mainstays of this firm's corporate and commercial Africa offering. The Paris office is the driving force of a workload that involves significant sovereign matters and private equity transactions.

Strengths (Quotes mainly from clients)
Market standing: "Cleary is good in Africa - they're often on the other side and our dealings are quite collaborative."

Work highlights Led a group of experts appointed to review and propose amendments to the OHADA Uniform Act on Commercial Companies.

Acted as US and English law counsel to Citigroup Global Markets and Deutsche Bank as the underwriters of the Federal Republic of Nigeria's second Eurobond offering, made up of notes collectively worth USD1 billion.

Notable practitioners

Jean-Pierre Vignaud has a broad practice that includes a long history of work in Africa. He advised Emerging Capital Partners on the corporate restructuring of Oragroup, a financial institution that operates in six West and Central African countries.

According to commentators Barthélemy Faye "has a high profile within the francophone African market." This is reflected in the significance of some of the work he handles, such as the OHADA reform review described above.

Gamal Abouali is based in Abu Dhabi and his regular work encompasses a significant number of mandates in North Africa, especially capital markets, M&A and privatisation.

Significant clients Orascom, Emerging Capital Partners, Etisalat, OHADA Corporate Law.

Dispute Resolution - Africa-wide

What the team is known for A Paris-led Africa group that is frequently instructed by clients when contentious issues arise, especially in francophone jurisdictions. The firm advises governments, investors, banks and public and private companies, and partners are involved on several major long-running disputes.

Strengths (Quotes mainly from clients)
Market standing: "They have a good transactional practice that helps drive the disputes work."

Work highlights Acted as counsel to Etisalat in court proceedings in Burkina Faso, France and before the OHADA Cour Commune de Justice et d'Arbitrage regarding the enforcement and attempt to set aside an ICC award.

Represented the Republic of Congo (Brazzaville) in defence of proceedings brought by Commisimpex in an ICC arbitration, where the value in dispute is in excess of EUR700 million.

Notable practitioners  

Jean-Yves Garaud is described as "the Mr Disputes" of the firm for Africa matters. He comes recommended for his understanding of business concerns and excellent advocacy skills. He leads many of the firm's most significant contentious instructions in this area, in both arbitration and commercial litigation.

Significant clients Republic of Congo, Vale, ENI North Africa, African Minerals.

Projects & Energy - Africa-wide

What the team is known for A strong projects practice largely active out of the Paris office, with partners in London, the Middle East, Asia and the USA also playing a key role on deals. Commentators praise the team's local expertise in francophone regions on matters that range from mining regulatory issues to project development and finance.

Strengths (Quotes mainly from clients)
Market standing: "Has a strong advisory practice in francophone Africa." 

Work highlights Represented Vale and VBG in connection with the Simandou iron ore project in Guinea, including the review of mining permits and the new mining code.

Advised Africa Oil and Gas on the acquisition of a participation interest in the Marine XI block, an offshore concession in Congo-Brazzaville.

Notable practitioners  

Barthélemy Faye is highly respected among peers and leads many of the firm's top Africa instructions. Sources praise his commitment to Africa work, local expertise and top-quality client service.

Jean-Pierre Vignaud advises on a wide range of issues in the energy and natural resources sector. One commentator noted that he "has a lot of expertise on petroleum law in Africa." 

Significant clients ArcelorMittal, Ministry of Transport of the Republic of Congo, Vale.

Capital Markets - Asia-Pacific Region

What the team is known for Remains active on debt and equity, primarily devoting its resources to the South Korean, Indian and Chinese markets. Praised in China for its expertise in offshore renminbi-denominated bond issuances.

Strengths (Quotes mainly from clients)
Partner involvement: "One of the strengths is the hands-on approach its partners take, as well as the client management skills partners and associates exhibit during the process."

Industry knowledge: "I'd say a big strength is their knowledge of the Korean issuer market, including new laws and market standards."

Work highlights Represented joint bookrunners Barclays, Merrill Lynch, Crédit Agricole CIB, HSBC and Standard Chartered Bank in a bond offering of USD500 million as part of its USD6 billion MTN programme.

Advised the initial purchaser, Goldman Sachs, on the USD1.5 billion dual-tranche bond offering by Taiwan Semiconductor Manufacturing.

Notable practitioners  

Clayton Johnson is a key contact in Beijing, focusing on both debt and equity transactions. Megan Tang is a key contact in the Hong Kong office for securities-related matters. Jinduk Han and Yong Guk Lee are key contacts for South Korean work.

Significant clients Baoxin Auto Group, CITIC Securities, Hyosung, Korea Finance Corporation, SAMSUNG.

Corporate/M&A - Asia-Pacific Region

What the team is known for Known for its work for financial institutions and private equity clients in the Asia-Pacific. Highly active in China acting in private equity transactions as well as representing domestic companies on outbound investments. Also regarded for its work in South Korea acting for international fund houses on inbound investments and capital markets matters.

Strengths (Quotes mainly from clients)
International capability: "I think they are well resourced to handle large-scale transactions and co-ordinate them across various jurisdictions."

Work highlights Assisted financial adviser Citigroup Global Markets regarding VanceInfo Technologies' merger with hiSoft Technology International.

Acted for Lafarge India in selling 14% of its shares to Baring Private Equity Asia for EUR200 million.

Notable practitioners  

Huang Ling is the first port of call for the Beijing office. Freeman Chan is a Hong Kong partner with experience in private equity.

Significant clients Hainan Airlines, China Investment Corporation, TPG, Levnovo, Sichuan Hongda Group, African Minerals.

Banking & Finance - Belgium

Jan Meyers and Jacques Reding are key contacts for the firm's banking & finance practice.

Competition/European Law - Belgium

Senior counsel Dirk Vandermeersch is a vastly respected figure for both domestic and European competition work, with enviable experience of merger control filings.

Nicholas Levy works between the London and Brussels offices and is highlighted for his work on international merger control mandates and cartel cases. "He is a high-calibre individual who understands the business risks and has excellent connections," says an impressed source.

Till Müller-Ibold has an excellent reputation in state aid, with notable recent highlights including advising Dexia on European law issues related to its restructuring and recapitalisation.

Sources unanimously highlight Antoine Winckler as "one of the top people in the field." His recent highlights include advising Rosneft on the European competition aspects of its USD55 billion acquisition of TNK-BP, a joint venture between BP and AAR. He is additionally noted for his ability to handle French competition matters.

Francisco Enrique González Díaz is valued for his extensive network, and described as "the kind of lawyer you want to have near you because he adds value and gives solutions." He handles European and Spanish competition law matters.

Robbert Snelders is noted by sources for his understanding of the regulatory environment and his awareness of market developments. His clients include Citigroup, Gazprom and ExxonMobil. 

Romano Subiotto QC has an excellent track record in advising on complex and contentious competition matters for high-profile clients in both Brussels and London. "He understands not only your business, but your business visions too," says an impressed source. Subiotto recently advised Lundbeck on an Article 101 investigation into reverse payment settlement agreements.

Recently promoted partner François-Charles Laprévote is highlighted by sources for his state aid work in the financial services sector. He has assisted Dexia with its recapitalisation plan, and advised BNP Paribas on its acquisition of Fortis.

Senior counsel Christopher Cook has recently featured on a number of the market's most prominent mandates, including advising on the EU competition aspects of the USD18.4 billion acquisition of Goodrich by UTC. 

Up-and-coming partner Thomas Graf is building an excellent reputation in this area. His clients include such leading players as Google, IBM and Hewlett-Packard.

Stephan Barthelmess divides his time between Brussels and Frankfurt, and is praised by clients for his committed and precise approach to cases. He advised Gazprom on EU merger control proceedings linked to an asset swap transaction with BASF subsidiary Wintershall. 

Brian Byrne recently returned to Washington, DC following a three-year stint in the firm's Brussels office. He is described as an "incredibly good advocate," and is noted for his client management and problem-solving skills. He was part of the team representing 3M in its proposed acquisition of Avery Dennison.

London partner Maurits Dolmans is highlighted as being "great on behavioural work" and "always thinking outside the box." He was previously based in the firm's Belgian office and continues to be active in Brussels. 

Mark Leddy is Cleary's managing partner and splits his time between the New York and Washington, DC offices. He is "a real star," according to sources. "If I could pick one lawyer in the world to be on my team, I would pick him any day. He epitomises excellence," said one interviewee. Leddy is noted for his experience and expertise regarding EU competition.

"Terrific" Washington, DC practitioner Mark Nelson is described as a "go-to partner for any antitrust question." His practice focuses primarily on M&A antitrust, and he is particularly recognised for his EU work in Belgium. He recently represented Deutsche Telekom in the attempted sale of T-Mobile to AT&T, in a deal which would have been valued at USD39 billion.

Mario Siragusa is one of the most renowned experts in EU competition law, with many sources highlighting his "deep knowledge of national and European procedures." He spends the majority of his time in Rome, but wins plenty of instructions on issues involving Brussels.

Foreign Desks The USA-based competition team includes a number of lawyers with extensive experience in Brussels issues. Spearheaded by Mark Leddy, the practice remains a go-to player for matters concerning European competition law. It is further bolstered by the considerable talents of EU experts Mark Nelson and Brian Byrne.

Corporate/M&A - Belgium

Jan Meyers has an unrivalled reputation for his experience, expertise and gravitas. According to an interviewee, "he is pragmatic, analytical and a top negotiator – he can see the helicopter view, and never forgets the issues affecting any side." Another source cites his ability "to adapt to his audience, to convince and inspire confidence."

Laurent Legein is described as "a very savvy and broad-thinking M&A lawyer who takes into account the context and the dynamics of a situation. He really gives you the full picture of what is going on in the company you are looking at." He has played a key role in a number of matters linked to Dexia's recapitalisation and reorganisation.

Corporate partner Laurent Ruzette is "hard-working, intelligent and excellent for complex issues." He recently advised Infrabel on the reorganisation of the Belgian railways.

Jacques Reding is praised for his comprehensive expertise and broad experience: "He is great at balancing legal obligations with the things a business needs to operate. He can simplify complex information to take it to the board – he knows what he is talking about and listens to what you want as a customer."

Corporate - Brazil

Senior partner Nicolas Grabar draws enthusiastic praise from clients for his sound and practical advice: "He is very knowledgeable about Brazil and his input in major deals is invaluable."

Juan Giráldez is based full-time in São Paulo and is described by peers as a "very skilled and detail-oriented lawyer."

Clients praised Francesca Odell's "commanding knowledge of the Brazilian market," adding that "she pushes the deal through in a structured fashion, making sure all the boxes are checked and things are done on time."

Capital Markets - China

Sources highlight Clayton Johnson's extensive experience in this space. Recent highlights include advising Citigroup Global Markets on an offering by CNOOC, intended as a guarantee for the existing debt of its recent acquisition, Nexen. He splits his time between the firm's Hong Kong and Beijing offices.  

Freeman Chan was recommended by one leading peer for "his standing in the market, the substance of his advice and his activity." He speaks Mandarin and Cantonese, and has valuable experience advising on IPOs in Greater China and the USA.

Jinduk Han specialises in representing Korean clients on international issuances. Recent highlights include advising Korea Development Bank on a dual tranche notes offering with a total principal amount of USD1 billion.

US-educated Sung Kwan Kang is a fluent Korean speaker with extensive experience relating to corporate and finance transactions arising from that jurisdiction. Admitted in New York, he was based in the firm's New York office between 2000 and 2005.

Yong Guk Lee is the firm's key partner in Seoul. He was formerly based in Hong Kong, where he built up a considerable practice advising on international issuances by Korean corporates. Lee is a native Korean speaker who is fluent in English and also has conversational proficiency in French.

Foreign Desks The Hong Kong office is home to a well-established Korea practice. In the capital markets space, its lawyers offer considerable experience in representing Korean issuers, and have recently undertaken a number of high-value debt offerings. Jinduk Han and Sung Kwan Kang are key contacts.

The firm also leads its Malaysian corporate and finance work out of Hong Kong. It is best known for its capital markets work, and recently acted for Felda Global Ventures Holdings on its IPO, valued at MYR9.9 billion. Partner Sung Kwan Kang and counsel Robert Williams are leading members of the Malaysia team.

The Hong Kong office continues to field significant India experience despite the retirement of noted partner David Hirsch. Co-ordinating with personnel in New York, the team recently advised the underwriters on Warburg Pincus's secondary offering of American Depositary Shares in Mumbai-headquartered BPO provider WNS (Holdings). Sung Kwan Kang and Jonathan Wallenberger are the key contacts.

Corporate/M&A - China

Michael Preston was recently involved in Shandong Iron & Steel Group's USD1.5 billion acquisition of a 25% interest in the Tonkolili iron ore project in Sierra Leone, acting for seller African Minerals. He also has experience acting on transactions in Indonesia and Kazakhstan.

Huang Ling represents significant clients on transactions in a range of industries, recently undertaking work on acquisitions in the pharmaceutical sector and international mergers in the IT sector. She is lauded for having "good experience and a wide range of expertise required to do cross-border M&A."

Associate Connie Chu is noted for her work in the Philippines. She has recent experience acting on significant capital markets transactions for Petron Corporation.

Sources praise the clarity of Sang Jin Han's advice, saying he "knows how to make complex matters easy to understand." He has a wealth of experience acting for significant Korean clients on major transactional mandates. 

Clayton Johnson is especially noted for capital markets matters in the Philippines. A seasoned lawyer, he is also experienced in M&A and private equity matters, in both China and the Philippines.

Robert Williams is a leading expert for the Philippines-related work, regularly acting on capital market offerings for domestic clients. A recent highlight was representing Pure Foods, a subsidiary of San Miguel, on its PHP6 billion offering of common shares.

Formerly based in Beijing, Filip Moerman is now in New York and continues to be noted for his work with major Chinese clients. Key areas of expertise include private equity, where he acts on both inbound and outbound matters. 

Foreign Desks Leveraging off its Hong Kong office as a regional hub, the firm is especially noted for its experience of handling Malaysian and South Korean matters. The South Korea team recently advised Temasek Holdings on its KRW150 billion acquisition of an interest in Korean group Celltrion. In relation to Malaysia, the team is active in capital markets and energy work. Key client contacts are Kang Sung Kwan for Malaysia and Jinduk Han and Yong Guk Lee for South Korea.

Energy & Natural Resources - China

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.

Arbitration (International) - Europe-wide

What the team is known for Established French arbitration team, supported by a London presence and a recently enhanced German practice. Active across commercial arbitration in numerous industries, and noted by sources for a focus on investment cases, with recent success in a variety of ICSID and UNCITRAL disputes.

Work highlights Recently acted for Gazprom on a sizeable UNCITRAL arbitration against the Republic of Lithuania under the Russia-Lithuania BIT, concerning the forced divestiture of Lithuanian gas distribution company Lietuvos Dujos’ natural gas transmission operations and assets.

Notable practitioners  

Recent hire Richard Kreindler in Frankfurt increases the stature of the firm's German arbitration practice with his "very good reputation in the arbitration community." Sources recommend him for both counsel and arbitrator work thanks to his "good, strategic mind," making him "very good at anticipating and addressing the issues" in major arbitration cases.

Sources admire Claudia Annacker in Paris as she "gives very good advice, and focuses on what really matters in a case." Her recent caseload has focused significantly on substantial investment treaty matters, including advising Tatneft in an UNCITRAL arbitration under the Russia-Ukraine BIT, concerning the forcible raid of a refinery in Ukraine.

Paris-based Jean-Yves Garaud is widely respected for his high-profile international arbitration work, as part of a broader, well-regarded dispute resolution practice. His caseload is primarily based in the commercial sphere, acting for widely recognised clients in sectors such as mining, construction and pharmaceuticals.

Significant clients Agfa-Gevaert, EDF, Russian Federation, Republic of Congo, Telecom Italia.

Banking & Finance - Europe-wide

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.

Capital Markets - Europe-wide

What the team is known for Tremendous depth of expertise in equity capital markets and increasingly active in significant debt-related mandates. Particularly well known for its involvement in many high-profile IPOs as well as Eurobond work. Leading teams in the UK, Germany, France, Italy and Russia.

Strengths (Quotes mainly from clients) 

Client service: "The lawyers combine top technical ability with great client service. They really listen to what the client needs and explain everything clearly."

Work highlights Advised Russian mobile telecommunications operator MegaFon on its USD1.7 billion IPO. This was a dual-listing in London and Moscow, and was the largest LSE IPO of 2012.

Advised the Central Bank of Russia and Sberbank on a USD5.2 billion secondary public offering (SPO).

Notable practitioners  

Key contacts include Sebastian Sperber in the London office, John Brinitzer in Paris, Ward Greenberg in Frankfurt, Pietro Fioruzzi in Rome and Scott Senecal in Moscow.

Significant clients Deutsche Bank, Bank of America, Commerzbank, ArcelorMittal, BNP Paribas.

Competition/Antitrust - Europe-wide

What the team is known for Outstanding teams across key European jurisdictions, including Germany, France, Italy and London. Has notable capacity for European competition issues through the Belgian office. Receives particular praise for its prowess in international merger control proceedings, alongside complex cartel and abuse of dominance cases. Represents clients in follow-on actions, and European courts in market significant appeals against competition authority decisions. Also assists with European state aid matters.

Strengths (Quotes mainly from clients)
Pragmatic advice: "Our key contacts are excellent advocates and strategists. They are proactive, and help us think through long-term strategies for our business in Europe."

Work highlights Advised UTC on its acquisition of Goodrich, approved following an in-depth European Commission investigation.

Assisted Rosneft with the EU antitrust aspects of its acquisition of TNK-BP.

Advised DuPont on a European Commission investigation into its joint venture with Honeywell.

Notable practitioners  

Nicholas Levy and Antoine Winckler are prominent practitioners in Brussels. Maurits Dolmans leads the London office, whilst Dirk Schroeder and Mario Siragusa are leading lawyers in Germany and Italy respectively.

Significant clients American Express, DuPont, Google, Rosneft, UTC.

Corporate/M&A - Europe-wide

What the team is known for US firm with a highly active cross-border corporate/M&A practice within Europe, particularly strong in transactions involving France and Russia. Demonstrates further strength in Germany, Italy and the UK. Active on pan-European transactions in a range of industry sectors, but especially visible in high-value energy M&A such as Rosneft's EUR55 billion acquisition of TNK-BP.

Strengths (Quotes mainly from clients)
International capability: "Gets strong clients from its international network."

Work highlights The Paris and Brussels offices recently represented Orascom Telecom Media and Technology Holding in the USD1 billion sale of a stake in MobiNil for Telecommunications to France Telecom.

The Paris, London and Brussels offices advised Lafarge on its 50/50 joint venture with Anglo American, combining their cement, aggregates, ready-mixed concrete, asphalt and contracting businesses in the UK.

Notable practitioners  

Jean-Marie Ambrosi in Paris, Oliver Schroeder in Frankfurt and Roberto Bonsignore in Italy are the practice's key contacts.

Significant clients Dexia, Bank of America Merrill Lynch, ArcelorMittal, BNP Paribas, Gazprom.

TMT - Europe-wide

What the team is known for Excellent cross-border expertise in the telecommunications industry, advising clients on privatisations, financings, regulatory structures and global offerings. Further extensive knowledge of the technology sector. Notable teams in Italy, Belgium and Russia.

Work highlights The Moscow and London offices recently advised Russian investment company Sistema on a USD500 million Eurobond offering by Sistema International Funding.

Represented Megafon in its Moscow and London USD1.7 billion listed IPO.

Notable practitioners  

The key contacts are Mario Siragusa in Rome, Murat Akuyev in Moscow and Thomas Graf in Brussels.

Significant clients RTI, Sistema, Mobile TeleSystems (MTS). 

Capital Markets - France

Pierre-Yves Chabert is highly regarded in the corporate and capital markets spheres. He was a key part of the team that assisted BNP Paribas as the issuer and underwriter of a EUR325 million exchangeable bond offering.

Andrew Bernstein's practice focuses on securities offerings. Recent work highlights include advising BPCE on its EUR2 billion issuance of contingently convertible bonds. He is praised by clients: "He's our contact for all matters; he's an ace in the US stakes."

John Brinitzer is dual-qualified in France and the USA. He is known for his expertise in convertible bonds and debt bond offerings, block trades and other capital markets transactions. One market source comments: "We see him on some of the biggest and most complex deals."

Corporate finance lawyer Marie-Laurence Tibi is admitted to the Bar in Paris and New York. She handles M&A, joint ventures and capital markets, where she advises clients on derivatives products and structured finance.

Fabrice Baumgartner's practice includes international securities offerings and structured finance. A key mandate was advising Atalian in connection with a USD250 million high-yield notes offering.

Valérie Lemaitre advises on structured finance, securities offerings and leveraged transactions. Along with John Brinitzer, she assisted Nexans with a EUR275 million convertible bond offering and bond repurchase.

Gamal Abouali is based in the firm's Abu Dhabi office. He assists with M&A, project finance, privatisation and capital markets transactions. He is fluent in Arabic, English and French and was previously based in Paris. 

Corporate/M&A - France

Pierre-Yves Chabert has widespread experience of working on some of the largest and most complex M&A transactions in France. Clients appreciate his “sense of strategy, technical skill and creativity.”  

Jean-Marie Ambrosi receives praise as “an excellent lawyer who represents his clients very well.” He has experience in leveraged M&A transactions and is instructed on matters concerning both public and private companies.

Anne-Sophie Coustel is recognised for her expertise in both M&A and tax. Along with Pierre-Yves Chabert, she assisted CFAO with the sale of a stake worth EUR668 million to Toyota Tsusho.

Barthélemy Faye's practice includes project finance, privatisations and acquisitions. A native Serer speaker, he is also fluent in English and French and has long-standing experience of doing work across the African continent.

Jean-Pierre Vignaud is known for his skill in handling both domestic and cross-border M&A transactions. He has significant experience of advising governments and multinationals in developing countries, especially Africa, with regard to development and energy projects.

Gamal Abouali leads the Abu Dhabi practice. In addition to M&A, his practice includes privatisation, project finance and capital markets work, with an emphasis on cross-border mandates. He speaks English, French and Arabic, and is a member of the New York Bar.

Russell Pollack is one of the founders of the firm's Russia office. He is dual-qualified in both France and the USA, and his expertise covers joint ventures, capital markets and project finance, as well as corporate and M&A work. He has significant experience in the oil and gas sector.

Antoine Winckler is a Brussels-based competition law expert. He is known for representing governments and public entities as well as large corporates and financial bodies. He is dual-qualified in Paris and Brussels and is fluent in French, English, German, Italian and Spanish.

Foreign Desks The Africa desk receives mandates from clients in a number of emerging markets, notably in connection with M&A, private equity, telecommunications, energy and natural resources, corporate matters and financial restructuring. Key contacts include Barthélemy Faye and Jean-Pierre Vignaud. 

Fabrice Baumgartner leads the Asia desk. Areas of focus include M&A, joint ventures, structured finance, infrastructure and project finance.

The firm's Middle East practice includes Paris-based Andrew Bernstein and Roland Ziadé, who divides his time between France and the firm's Abu Dhabi office. The team represents both sovereign and corporate clients in a number of practice areas, including M&A, restructuring, joint ventures, capital markets, infrastructure and projects, and litigation and arbitration.

The Russia desk advises clients on corporate matters, capital markets transactions and litigation. Sectors of expertise include energy and natural resources (including oil and gas), telecoms, financial services and biotechnology. The desk is co-ordinated by Mark Adams and Cameron Murphy.

Dispute Resolution - France

Jean-Yves Garaud receives positive feedback for both his commercial litigation and white-collar crime expertise. Clients say: "He's good at both written work and in court, so he's really an excellent lawyer. He's also a very pleasant person and a good listener."  

Foreign Desks Claudia Annacker heads the Latin American desk from Paris. The multi-practice group works throughout the region and also has a number of partners with in-depth knowledge of certain countries, including Argentina, Brazil and Mexico. The team fields litigation and dispute resolution experts, and can also advise on capital markets, projects, joint ventures and M&A.

The Russia desk handles litigation, arbitration and PIL work from Paris. The group can also assist with capital markets, corporate/M&A and private equity work. Claudia Annacker is the client contact.

Dispute Resolution - France

Highly respected practitioner Jean-Yves Garaud is rated in all areas of dispute resolution, handling international arbitration, litigation and white-collar crime. One client says: "He understands business issues well, has a strong understanding of mediation techniques and is a great all-round lawyer."

Rising star Claudia Annacker works on some of the firm's key cases. She advised DP World on an ICSID arbitration against the Republic of Peru worth over USD220 million. She is a recognised expert in CEE cases.

Projects - France

Jean-Pierre Vignaud has significant experience of advising clients on transactions and negotiations in developing countries. He receives praise for his "tailor-made client approach, 100% availability and total commitment."

Corporate and finance lawyer Barthélemy Faye acts on project finance transactions in emerging economies. Clients appreciate his combination of "outstanding technical skills and very good understanding of Africa." He is dual-qualified in New York and Paris, and speaks fluent French, English, Serer-Sine and Wolof.

Foreign Desks The Africa desk receives mandates from clients in a number of emerging markets. In projects, the desk advises on matters linked to energy, natural resources, telecommunications and infrastructure, while its lawyers are also instructed on matters related to M&A, private equity, corporate law and financial restructuring. Barthélemy Faye and Jean-Pierre Vignaud are key points of contact.

Tax - France

Senior counsel Gilles Entraygues is an experienced practitioner who advises on corporate tax. Clients praise his "very good business sense and acute judgement of where the limits are and when not to cross the line."

One interviewee describes Anne-Sophie Coustel as "intellectually outstanding, extremely bright, quick and business-minded."  

Banking & Finance - Germany

This banking and finance practice is integrated with the capital markets team, and advises borrowers, corporate acquirers, private equity houses, and banks on acquisition financing and syndicated loans. Werner Meier is a key contact for the practice.

Capital Markets - Germany

A leading light in equity capital markets, the "seasoned and experienced" Gabriele Apfelbacher receives excellent feedback from clients, who highlight her excellent negotiation skills: "She is very good at negotiating in an amicable way with counterparties, as well as bringing different issues to the table in a constructive way." She recently represented the underwriters in the proposed IPO of Evonik Industries.

Impressed market commentators say Ward Greenberg "gives top-notch legal and commercial advice; he can provide both German and US legal advice under one roof." He leads the firm's Frankfurt-based US practice and frequently advises German companies on US securities law.

Thomas Kopp has been notably active advising on planned IPOs in the German market of late. He regularly represents issuers and investment banks in capital markets transactions.

Hanno Sperlich recently advised Deutsche Telekom on the German aspects of the USD2 billion Regulation S/Rule 144A bond offering by its Dutch finance subsidiary.

Corporate/M&A - Germany

Clients praise Klaus Riehmer for his "strong understanding of complex structures." He led the team handling Helaba's acquisition of Verbundbank, and also advised Publicis Groupe on its acquisition of German Pixelpark.

Sources highlight Oliver Schröder's proactive and pragmatic style. He recently assisted Zur Rose with its acquisition of Dutch mail-order pharmacy DocMorris from Celesio.

Stephan Barthelmess divides his time between Brussels and Frankfurt, and is praised by clients for his committed and precise approach to cases. He advised Gazprom on EU merger control proceedings linked to an asset swap transaction with BASF subsidiary Wintershall. 

Restructuring/Insolvency - Germany

Werner Meier in Frankfurt is in charge of restructuring and insolvency, in addition to banking and finance.

Tax - Germany

Standout tax partner Daniel Weyde impresses clients with his attentiveness and grasp of international law: "He's very responsive and very solid in cross-border matters."

Arbitration (International) - Global-wide

What the team is known for Core strength in investment treaty arbitration, handling ICSID claims for governments and international investors. Solid presence across Europe, notably in Paris, and recently bolstered its German offering. Experienced in handling work from Eastern Europe, Russia and the CIS.

Strengths (Quotes mainly from clients)
International capability: "They have the ability to efficiently cover all the aspects of matters that involve multiple jurisdictions." 

Work highlights Successfully helped OAO Tomskneft challenge the enforcement in France of an arbitration award obtained by Yukos Capital. Subsequently acted for OAO Tomskneft on similar proceedings in Singapore and Ireland.

Notable practitioners  

Paris-based Jean-Yves Garaud is a seasoned advocate with extensive experience handling a range of disputes, including international arbitrations. He is lauded for his "strong understanding of mediation techniques."

Claudia Annacker's practice covers international commercial arbitration, investment treaty cases and international human rights disputes. Sources praise her "very good advice, focus on what really matters, and excellent work."

Significant clients ENI North Africa, Telecom Italia International, Russian Federation, DP World.

Banking & Finance - Global-wide

What the team is known for Popular choice as sponsor and borrower counsel with a good presence in the USA, Europe and Asia. Market-leading practice in Latin America noted for bench strength and depth. Well known for experience in sovereign finance.

Work highlights Advised the Greek state on securing EUR200 billion debt facilities from the EU member state-funded European Financial Stability Facility.

Notable practitioners

Andrew Shutter is the key banking and finance partner in the London office. Laurent Alpert and Richard Cooper are both advising on banking and finance from the New York office, with Cooper recognised for his Latin American expertise.

Significant clients ArcelorMittal, BNP Paribas, Goodyear, Rosneft, TPG Capital.

Capital Markets - Global-wide

What the team is known for Receives unanimous praise from commentators as a heavyweight in the fields of debt, equity and structured finance across all major jurisdictions, with particular strength in New York and London, and across Latin America, Western Europe and Russia. Receives instructions from blue-chip corporations and governmental clients.

Strengths (Quotes mainly from clients)

Commercial awareness: "The team is great from junior associate to partner. The lawyers are commercial, hard-working and dedicated."

Work highlights Acted for Petróleo Brasileiro in a registered offering of guaranteed senior notes priced at USD11 billion aggregate.

Advised the Central Bank of Russia and Sberbank on CBR's sale of 7.58% of Sberbank's equity, valued at USD5.2 billion. This SPO was the largest Russian equity deal since the financial crisis.

Notable practitioners Alan Beller is a key partner in the New York office, handling a range of securities work. Another key contact in the New York office, Leslie Silverman is also regularly instructed in Latin American matters. Michael Dayan is a key contact for derivatives and securities, while Jorge Juantorena advises on a variety of equity transactions in Latin America, with particular expertise on IPOs in Mexico. Both Dayan and Juantorena are also based in New York.

Significant clients Bank of America Merrill Lynch, Citigroup, Credit Suisse, GlaxoSmithKline, HSBC.

Competition/Antitrust - Global-wide

What the team is known for Continues to be a pre-eminent global player, thanks to an unrivalled Washington, DC and Brussels link, and its ability to advise on significant multi-jurisdictional merger control cases and related litigation. Offers further strength in key European jurisdictions, including France, Germany and Italy.

Strengths (Quotes mainly from clients)
Bench strength: "Cleary is the gold standard for international M&A transactions on the antitrust side."

International capability: "Its strong presence in Brussels and Washington, DC is the main reason I elected to use this firm."

Client service: "The firm is first-class in competition, with truly high-end experts. Excellent lawyers with astute business minds."

Work highlights Lawyers in the Brussels and London offices acted as counsel to Sony on its USD2 billion acquisition of EMI Music Publishing, as part of a consortium of investors.

The Brussels team advised UTC on the EU antitrust aspects of its USD18.4 billion acquisition of Goodrich. The deal was notified in Canada, China, the USA, Japan and South Korea.

A team made up of Brussels, Paris and London-based lawyers assisted HarperCollins UK, HarperCollins US and Hachette with a European and US investigation into alleged agreements between a number of publishers and retailers for the sale of e-books.

Notable practitioners 

George Cary and firm managing partner Mark Leddy lead the team from Washington, DC. Nicholas Levy and Antoine Winckler head the Brussels group. Maurits Dolmans and Paul Gilbert are key contacts in London. Mario Siragusa is the Italian office's star individual, whilst Dirk Schroeder is the standout name in Germany.  

Significant clients W.L. Gore & Associates, Dollar Thrifty, Google, Sony, GlaxoSmithKline, Dexia.

Corporate/M&A - Global-wide

What the team is known for US firm with excellent capabilities in Latin America and a strong presence across Europe and Asia. Particularly visible in Europe, where it is frequently seen acting on international transactions run out of the firm's Paris office. Praised by clients for its ability to co-ordinate different offices in challenging cross-border transactions.

Strengths (Quotes mainly from clients)
International capability: "The team is very commercial and able to run with issues independently in a very complex multi-jurisdictional context.” 

International capability: "Excellent co-ordination goes right across the firm.”

Work highlights Advised Bank of America Merrill Lynch in the USD84 billion sale of its non-US wealth management business to Julius Baer Group, involving the transfer of over 2,000 employees and the assistance of lawyers from the firm's London, New York and Paris offices.

Represented Google in its USD12.5 billion acquisition of Motorola Mobility, including 17,000 patents and requiring lawyers from Cleary's New York, Washington, DC, London and Brussels offices.

Notable practitioners

Key contacts include Michael McDonald in London, Laurent Alpert in New York and Jaime El Koury in New York and Buenos Aires.

Dispute Resolution - Global-wide

What the team is known for Superb New York practice and offices in Paris, Moscow, Hong Kong, Abu Dhabi, São Paulo and London, where the firm cuts an impressive figure. Represents governments, banking clients and energy companies in cross-border litigation and arbitration cases.

Strengths (Quotes mainly from clients)
Bench strength: "It's a close-knit team and everyone knows exactly what is going on. There is excellent co-ordination across the firm and I like the culture too."

Responsiveness: "They're technically very accurate and extremely responsive at all levels."

Work highlights Represented Tomskneft before the Paris Court of Appeal, successfully challenging the enforcement of an international arbitral award obtained in New York.

Acted on behalf of the Republic of Slovenia before the Grand Chamber of the ECHR in proceedings initiated by Croatian citizens concerning the distribution of Yugoslavia’s guarantee of foreign currency deposits.

Notable practitioners

Jonathan Blackman splits his time between London and New York, and is a key member of the team. Jean-Yves Garaud is the first port of call in Paris, while Rome-based Ferdinando Emanuele is the go-to partner for matters involving Italy. 

Significant clients Rosneft Oil, the Argentine Republic, NatWest.

Investment Funds - Global-wide

What the team is known for Handles an array of fund-raising mandates driven from the firm's New York office, with a particular emphasis on Asian investments. A strong offering in Russia, where the firm has a long-standing presence. Well known for its relationships with key private equity clients such as TPG, KKR and The Blackstone Group.

Strengths (Quotes mainly from clients)
International capability: "They're great - very smart, thoughtful and commercial, and they work seamlessly across borders."

Work highlights Advised TPG on the formation of several funds, including TPG Asia VI which focuses on private equity investments in Asia-Pacific.

Advised Korean conglomerate SK Holdings on the formation of a private equity fund in joint venture with Turkish company Doğuş Holding.

Notable practitioners

New York partners Michael Gerstenzang and Elizabeth Lenas are the primary contacts for the firm.

Significant clients TPG, KKR, The Blackstone Group, JPMorgan, Unitas Capital.

Private Equity - Global-wide

What the team is known for Best known for its well-established relationship with TPG, with teams in New York, London and Hong Kong handling some of its largest transactions. Builds on this international reputation to attract a wider client base with a portfolio of deals covering a range of industries.

Strengths (Quotes mainly from clients)
International capability: "One of the top firms for complex, multi-jurisdictional deals. It has very good people with deep experience."

Work highlights Acted for TPG Capital on its joint venture with Ivanhoe Cambridge to acquire Woolgate Exchange for GBP265 million.

Notable practitioners  

Key contacts include Michael Ryan in New York, Scott Senecal and Jean-Marie Ambrosi in Moscow and Paris and Milan-based Roberto Casati.

Projects - Global-wide

What the team is known for Rated in particular for the strength of its mining practice, with a highly regarded US team active on high-profile project financings, M&A and regulatory work. The firm's Paris desk leads a vibrant Africa practice, and adept offerings in Sao Paolo and Buenos Aires are of benefit on Latin American matters. Solid expertise in infrastructure work through the Americas, including a strong presence in PPP deals in the USA.

Strengths (Quotes mainly from clients)
International capability: "Their practice is so deep and global that they have deep experience in large multi-jurisdictional deals."

Work highlights Represented Vale and VBG in connection with the Simandou iron ore project in Guinea, including the review of mining permits and the new mining code.

Represented CAP in the project financing of a reverse osmosis desalination plant in the Atacama region of Chile and a water pipeline to a mine site in Cerro Negro Norte.

Notable practitioners

Richard Lincer is a key contact in New York and Paris-based Barthélemy Faye is a principal contact for the firm's work in Africa.

Significant clients African Minerals, GDF SUEZ, Codelco, BHP Billiton, IFC.

Public International Law - Global-wide

What the team is known for Well regarded for investment treaty disputes, representing both states and investors. Covers a wide range of sectors including oil and gas, technology, energy and shipping. Best known for Russian and CIS matters, with additional strength in state immunity, state succession and sovereign debt issues.

Strengths (Quotes mainly from clients)
Strategic planning: "They have very vigorous advocates who are thoroughly prepared." 

Work highlights Acted for the Hellenic Republic on an ICSID arbitration initiated by Postova Bank under the Greece-Slovak Republic and Cyprus-Greece BITs, relating to the purchase of Greek sovereign bonds.

Notable practitioners  

Paris-based Claudia Annacker focuses on investment treaty arbitration, state immunity, sovereign debt and state succession work. She represented the Hellenic Republic in an ICSID arbitration initiated by Postova Bank.

Significant clients Russian Federation, Arab Republic of Egypt, Republic of Slovenia, Republic of Argentina, OAO Gazprom.

Restructuring/Insolvency - Global-wide

What the team is known for Standout practices in Russia and the USA. Frequently singled out for its expertise in sovereign debt restructuring. 

Strengths (Quotes mainly from clients) 
Expertise: "They have very good lawyers in every office who are consistent in quality. You get partners who understand what they are talking about and how our business works." 

Market standing: "For sovereign debt issues they are the standout firm. Very knowledgeable and helpful and experienced in working towards a common goal."

Work highlights Continues to advise Greece on the complex and high-profile EUR206 billion restructuring of private sector debt.

Continues to advise the government of Argentina on litigation relating to its 2001 default.

Notable practitioners  

James Bromley leads the firm's global restructuring practice from New York.

Tax - Global-wide

What the team is known for Excellent network of tax specialists on both sides of the Atlantic, with a top-flight New York team and highly rated practices in Germany, France and Italy. Attracts a slew of transactional and securities-related mandates for a number of high-profile clients, including state bodies, financial institutions and blue-chip corporations.

Strengths (Quotes mainly from clients)
Partner involvement: "The level of attention from partners is tremendous."

Work highlights Lawyers in London and New York advised Bank of America Merrill Lynch on its USD562.23 million disposal of its non-US wealth management business to Julius Baer Group, covering 20 jurisdictions.

Cleary's London, Paris and Brussels offices advised Lafarge on its joint venture with Anglo American, combining their UK cement, aggregates, ready-mixed concrete, asphalt and contracting businesses.

Notable practitioners  

James Peaslee, Leslie Samuels and Erika Nijenhuis are the go-to names in New York. Richard Sultman chairs the London group and Daniel Weyde heads the Frankfurt department. Additional contacts include Vania Petrella in Rome and Anne-Sophie Coustel in Paris.

Significant clients Bank of America Merrill Lynch, Fiat, Lafarge, BNP Paribas, Helaba.

Capital Markets - India

This predominantly London and Hong Kong-based team frequently advises the Indian branches of international financial institutions on high-value sales of shares in Indian government-owned companies. For example, it recently assisted the brokers, including Citigroup Global Markets India, HSBC Securities and Capital Markets India, with the USD585 million sale of shares of Oil India, a public sector oil and gas company. Queries should be directed to Sebastian Sperber or Raj Panasar, both of whom are based in London.

Corporate/M&A (International Firms) - India

Tihir Sarkar recently co-led the team advising private equity firm TPG on its acquisition of Indian retailer Vishal Retail. He is experienced in advising Indian companies on their acquisitions and joint ventures, and is based in London.

Senior India consultant Shreya Damodaran previously practised at a leading Indian firm and uses her experience of the Indian market to advise both Indian and multinational organisations on M&A matters. Sources acknowledge her ability to "understand and appreciate issues specific to Indian law."

This India group has four partners and a senior India consultant, and is renowned for aiding major Indian companies in their M&A and private equity transactions overseas. It also advises international entities on their inbound investments. Tihir Sarkar and Shreya Damodaran who are based in London are key contacts.

General Business Law - Iraq

This firm is acclaimed for its active involvement in the Iraqi market. Best known for its role as counsel to the Ministry of Oil of the Republic of Iraq in relation to the USD17 billion Basra Gas project, the firm is also frequently involved in some of the country's other most notable transactions. For example, it acted for BNP Paribas, Citi and NBK Capital as joint bookrunners on the IPO of Zain Iraq. "They've continued to be great in Iraq," sources agree. The practice is run out of Paris and Abu Dhabi. In Paris, Andrew Bernstein takes the lead on Basra Gas. Gamal Abouali is the key contact in the UAE.

Banking & Finance - Italy

Roberto Bonsignore is widely respected for his expertise in debt restructuring. He is also appreciated for his international outlook: "He is able to accommodate Anglo Saxon law and Italian law."

Admitted in both Italy and the USA, Carlo de Vito Piscicelli frequently handles transactions with a US-law component. He recently advised Sogefi on negotiating a EUR200 million, five-year term and revolving credit agreement.

Capital Markets - Italy

Clients describe Pietro Fioruzzi as "a practical lawyer who doesn't compromise precision." He has played a role in the development of the regulation of equity offerings by start-up companies through funding portals.

Claudio Di Falco is qualified to practise in both Italy and the USA, and takes centre stage in most of the firm's ECM activities, including its assistance with Greece's sovereign debt restructuring. He is also a widely published author on Italian capital markets matters.

Michael Volkovitsch is based in New York and has an impressive breadth to his practice, carrying out debt and equity offerings as well as handling derivatives work. He previously worked in the firm's Milan and Frankfurt offices, specialising in cross-border work.

Corporate/M&A - Italy

Roberto Casati is considered one of the top practitioners in this area of law. As one source states, "he lives up to his reputation as one of the best in the Italian market. He is outstanding and has a long-standing track record closing successful deals."

Roberto Bonsignore "is the right guy to have on your side when carrying out negotiations, and he is good at creating a relationship with the counterparty," assert market commentators. He is also a highly regarded professor and wins praise for his academic prowess in addition to his legal capabilities.

Giuseppe Scassellati-Sforzolini has recently acted for some noteworthy international clients on high-profile corporate transactions, including advising American Express on revising the terms and conditions of its card products.

Mario Siragusa is one of the most renowned experts in competition and EU law, with many sources highlighting his "deep knowledge of national and European procedures." He spends the majority of his time in Italy, though wins plenty of instructions on Brussels-related issues.

Italian lawyer Matteo Montanaro recently moved to the UAE from Italy. His practice encompasses cross-border M&A, joint ventures and corporate reorganisations. Interviewees describe him as "very knowledgeable, hard-working and a good negotiator."  

Dispute Resolution - Italy

Ferdinando Emanuele is widely regarded as an authority on international transactions and handles a lot of cases involving Latin American countries. One client enthusiastically states: "He has a wide knowledge of all the applicable rules and strategies, and is clear about what is required. He is also known abroad, which helps when dealing with international matters."

Restructuring/Insolvency - Italy

Roberto Bonsignore is "very attentive to the strategic vision of the company," note satisfied clients. He often lends his corporate expertise to transactional matters, and was recently a key player assisting Cantiere del Pardo Holdings with the sale of part of its business and the restructuring of its debt in the context of an in-court pre-bankruptcy settlement proceeding.

Tax - Italy

Vania Petrella rises in the rankings having earned effusive praise from clients, with one interviewee stating: "She was really fantastic at managing negotiations with the tax authorities." Sources also appreciate her clear communication and her broad scope of expertise.

Corporate & Finance - Kazakhstan

Foreign desks The London office of this firm has experience in acting on high-profile corporate/M&A transactions pertaining to Kazakhstan. It recently assisted Kazakhstani telecommunications company Kazakhtelecom with the sale of 49% of the shares in KCell to Stockholm-headquartered TeliaSonera for USD1.519 billion. Sam Bagot and Tihir Sarkar are key contacts at this London-based desk.

Arbitration (International) - Latin America-wide

Carmine Boccuzzi and Howard Zelbo are prominent members of the team and well respected in the Latin America arbitration sphere. They have counselled the Republic of Argentina and Procuración del Tesoro de Argentina on their defence following a mass claim by Italian bondholders stemming from the country's sovereign default.

Banking & Finance - Latin America-wide

Clients greatly value Richard Cooper's advice, highlighting his "very good understanding of business," as well as his "decades of experience." He is particularly noted for his expertise in the restructuring space, having recently counselled Fintech Advisory concerning the debt restructuring of one of its Mexican debtors, glassmaker Vitro.

Veteran transactional lawyer Jaime El Koury splits his time between New York and Buenos Aires. He has more than 30 years' experience in finance matters throughout the region.

Clients praise Wanda Olson's "highly knowledgeable and efficient" demeanour, singling out her understanding of liability management matters.

Carmen Amalia Corrales is known as the long-time US counsel to the Argentine Republic in this area. Sources describe her as "very bright and business-minded."

Peers respect São Paulo-based Juan Giráldez for his solid handling of a number of banking and finance transactions.

Jorge Juantorena recently advised Empresas ICA on the extension of two senior unsecured bridge loans, with a combined value of USD150 million, to Deutsche Bank.

Capital Markets - Latin America-wide

Seasoned practitioner Jaime El Koury splits his time between the firm's New York and Buenos Aires offices. He is one of the team's most respected individuals, with more than 30 years' experience in high-stakes transactions throughout the region. Among the most recent, he advised Mexico's Bancomer on its USD1 billion offering of subordinated preferred notes, due 2022.

According to clients, Nicolas Grabar is "the full package, always on top of everything and an easy lawyer to deal with." Peers add: "He is technically one of the best players in the region."

Clients praised Francesca Odell's "commanding knowledge of the Brazilian market," adding that "she pushes the deal through in a structured fashion, making sure all the boxes are checked and things are done on time." 

Andrés de la Cruz is a long-term legal adviser to the Oriental Republic of Uruguay. His recent advice includes several high-stakes liability management transactions intended to improve the country's external debt profile.

Recent notable work saw Carmen Amalia Corrales advise Banco Davivienda on its offering of subordinated notes due 2022.

Sources highlight Jorge Juantorena's impressive experience in Mexico-related deals. Of late, these have included advising the initial purchasers in Alpek's Mexican IPO. 

Wanda Olson recently advised PEMEX on its US Ex-Im Bank-guaranteed issuance of debt securities.

Sources single out São Paulo-based Juan Giráldez for his impressive expertise in debt matters, with one source identifying him as "a detail-focused lawyer."

Corporate/M&A - Latin America-wide

Jaime El Koury is one of the practice's leading lights, with more than 30 years' experience in advising clients on a plethora of finance, M&A and securities issues. He divides his time between New York and Buenos Aires.

Jeffrey Lewis was co-lead partner advising Brazilian mining giant Vale on the sale of its Colombian coal assets, which fetched a total of USD407 million for the company.

Andrés de la Cruz also splits his time between the firm's New York and Buenos Aires offices, and is regarded by peers as "a solid and credible lawyer."

Jorge Juantorena's work in the M&A space is complemented by his considerable expertise in securities, finance and corporate governance. 

One impressed client of Francesca Odell observed: "Her deep experience in Latin America helps her guide us through those issues that take judgement - not just legal knowledge - to a successful conclusion."

Projects - Latin America-wide

Sources describe Richard Cooper "an excellent attorney," with one adding: "I have no doubts about his ability in the project finance area." Cooper has been active on the firm's recent Latin America projects workflow.

Jeffrey Lewis is active in Latin American projects advising the likes of GDF SUEZ and Codelco.

Chantal Kordula earns warm praise from clients, who describe her as "a fantastic attorney and negotiator." They add: "She's very detailed and bright, and nothing gets past her."

Corporate & Finance - Malaysia

Foreign Desks A Hong Kong-based desk noted for its corporate work in Malaysia. The team is known for working closely with companies in the energy sector. It also maintains a significant capital markets offering. Sung Kang is the key contact.

Capital Markets - Middle East-wide

What the team is known for Opened an office in Abu Dhabi in September 2012 and is considered a strong offering for clients looking for equity capital markets expertise. Praised for ability to leverage resources globally from its offices in Paris, London, New York and Milan. 

Work highlights Represented Citigroup Global Markets in a USD1.15 billion block trade by Citibank Overseas Investment of a 10% stake in Akbank. 

Notable practitioners  

Based in Abu Dhabi, Gamal Abouali focuses on equity capital markets as well as M&A, privatisation and project finance. He acted on Zain Iraq's proposed IPO on the Iraq stock exchange, acting for the joint bookrunners BNP Paribas, Citi and NBK Capital.

Andrew Bernstein is based in Paris and has distinguished expertise in securities offerings. Alongside Gamal Abouali, he was part of the team advising the joint bookrunners on Zain Iraq's planned IPO.

Significant clients Citi, Goldman Sachs, Barclays, Deutsche Bank, HSBC.

Corporate/Commercial - Middle East-wide

What the team is known for Partners in Abu Dhabi, Europe and further afield provide valuable expertise on corporate transactions in the Middle East, notably in the energy and telecoms sectors. Assists a number of regional private investors and sovereign wealth funds with the acquisition of global assets.

Work highlights Advised Weather Investments II, now Orascom TMT Investments, on the USD3.6 billion sale of its stake in VimpelCom to Altimo.

Notable practitioners

Abu Dhabi-based partner Gamal Abouali is very highly regarded for his M&A capital markets expertise. He acts for a number of state entities, including the Lebanese Ministry of Energy and Water.

Significant clients Bahrain Mumtalakat, Etisalat, Orascom Construction Industries, Orascom TMT Investments, Iraqi Ministry of Oil. 

Dispute Resolution - Middle East-wide

What the team is known for Abu Dhabi-led team with an impressive track record representing Middle Eastern state entities and sovereign wealth funds in disputes outside the region. Active on mandates relating to investment treaties and sanctions, as well as arbitration in the oil and gas sector.

Work highlights Advised the Dubai Islamic Bank on litigation proceedings in New York, involving suits filed by individuals, insurance and reinsurance companies who sustained injury or damage in the 9/11 terrorist attacks.

Defended the National Bank of Abu Dhabi before the English courts against a GBP10 million fraud claim brought by a casino operator.

Notable practitioners  

London-based litigation partner Jonathan Kelly is a contact for the practice.

Significant clients Republic of Iraq, Etisalat, Arab Republic of Egypt, DP World, Orascom Telecom.  

Corporate & Finance - Philippines

Hong Kong counsel Robert Williams acted for Petron on various securities offerings on the Hong Kong stock exchange in the past year. He also represented Coca-Cola FEMSA in acquiring a majority stake in Coca-Cola Bottlers Philippines.

Connie Chu is an associate in the Hong Kong office. She worked with Robert Williams on securities offerings for Petron over the past year and has a focus on capital markets transactions.

Foreign Desks The team represents inbound clients on various acquisitions in the Philippines. It is experienced in handling overseas securities listings for local clients. A number of Hong Kong-based practitioners are noted for their experience in working with financial institutions in the securities offerings by the government. Robert Williams is a key contact for clients.

Banking & Finance - Russia

Scott Senecal works on financial and corporate transactions. Sources note his strong borrower client base and excellent knowledge of the local market.

Polina Lyadnova is dual-qualified in England and Russia. She offers wide experience in financings, capital markets and M&A transactions.

Capital Markets - Russia

Market sources distinguish Murat Akuyev as a "serious and attentive lawyer." He is one of the leading individuals working in capital markets in Russia, known for his involvement in the most complex and prominent deals.

Yulia Solomakhina works on capital markets, corporate and M&A matters. Clients appreciate her straightforward and attentive approach.

The "very impressiveDaniel Braverman is based in London and continues to command an outstanding reputation on the market for his cross-jurisdictional capital markets expertise. He has retired from the partnership but remains active in a senior counsel position.

London-based David Gottlieb has an increasingly prominent presence in the Russian market. He co-led the Sberbank secondary public offering and his past clients also include VTB, the Russian Federation and Alfa-Bank.

Raj Panasar co-led the MegaFon IPO and has a first-rate reputation amongst clients. Sources say that "he is unique" and highlight his strong integration into the Russian market, despite being based in London.

Foreign Desks The London-based Russia desk regularly handles significant Russian capital markets matters. Its expertise includes IPOs, Eurobonds and listings on the London Stock Exchange. Daniel Braverman and David Gottlieb are the key contacts.

Corporate/M&A - Russia

With a wealth of knowledge of the Russian market, Scott Senecal is a leading adviser to international investors and Russian corporates. His recent experience includes acting for Summa Group on its joint venture with VTTI in a project valued at USD1 billion.

As one of the founders of Cleary's Russian practice, Russell Pollack has been working on deals in the market for over 20 years. Sources say he is "extremely business-oriented" and his knowledge of the local specifics is much appreciated by clients. He has experience of mandates involving French aspects, being a French speaker and having lived in France for a number of years.

Mikhail Suvorov has worked on some of the leading transactions in the market, including the Rosneft matter. Market observers say that he is "very well regarded by banks."

Daniel Braverman is based in London and has extensive experience of working with the Russian market, where he maintains a prominent reputation. He has retired from the firm's partnership but remains active and is a key client relationship contact as a senior counsel.

David Gottlieb is well regarded for his experience in public and private M&A. He works with the Moscow team on significant corporate deals and capital markets transactions.

Foreign Desks The Paris-based group works regularly on Russian corporate transactions. It has been closely involved in advising Rosneft on its acquisition of TNK-BP, as well as other important M&A and capital markets matters. Mark Adams is the key contact.

The three-partner desk in London is heavily involved in the market-leading deals coming from Moscow. The huge TNK-BP acquisition by Rosneft was recently added to its excellent experience. Daniel Braverman and David Gottlieb are the key contacts.

Dispute Resolution - Russia

Foreign Desks This Paris-based team advises on complex international arbitration mandates, involving high-profile Russian clients. The key contacts for this desk are Cameron Murphy and Claudia Annacker.

Restructuring/Insolvency - Russia

Daniel Braverman is closely involved in Russia-related matters from his base in London. Referred to as an "absolute superstar" by sources, his reputation in this market remains strong despite his retirement from the firm's partnership. He now holds the role of senior counsel.

Clients say that Polina Lyadnova, who works from London, is the "first port of call" for restructuring work. She is noted for her detail-oriented focus and dual-qualification in the UK and Russia, "which makes her a formidable lawyer for deals with an international and a Russian domestic element." 

Capital Markets - South Korea

Seoul-based partner Yong Guk Lee has a respected track record on both capital markets and M&A transactions. He recently advised Lotte Shopping on its KRW321.1 billion offering of zero coupon exchangeable bonds.

Hong Kong-based Jinduk Han frequently advises Korean clients on international issuances. In a highlight, he acted for the Export-Import Bank of Korea on its USD500 million offering of SEC-registered 1.75% notes due in 2018. 

Sung Kwan Kang works out of the firm's Hong Kong office, and is well known for his skilful handling of securities offerings. In addition to Korean issuances, he also advises on deals in South-East Asia.

Foreign Desks The firm maintains a Hong Kong-based Korea desk which advises international and Korean clients on cross-border debt and equity issuances. It has over 20 years' experience in advising major clients such as the KDB, POSCO and Goldman Sachs. Jinduk Han is a key contact.

Corporate/M&A - South Korea

The firm established a Seoul office in 2012, effectively serving not only international clients looking to invest in Korea, but also domestic clients seeking to make outbound transactions. Yong G. Lee is a key contact. 

Sang Jin Han is based in Hong Kong, and is qualified in New York and Hong Kong. He advises Korean and multinational clients on M&A, acquisition financing, and bankruptcy and workout matters.

Foreign Desks The Korea desk in the firm's Hong Kong office has substantial experience advising international clients on inbound corporate matters. It also advises on related tax, governance and finance issues. A key contact is Sang Jin Han.

Banking & Finance - UK

Highly rated partner Andrew Shutter is "extremely capable and very strong on advising borrower clients." In a recent highlight, he advised the Greek government on the finance aspects of its loan from the EFSF.

Glen Scarcliffe has worked on mandates from US Rusal and Iberian Minerals of late and is widely acknowledged as a talented banking and capital markets practitioner.

Polina Lyadnova is dual-qualified in England and Wales and in Russia. She offers wide experience in financings, capital markets and M&A transactions.

Capital Markets - UK

The "brilliant" Pierre-Marie Boury is a high-yield expert who commentators describe as an "extremely smart individual with a knack for conveying complex concepts as easy to grasp ones." They also praise his "ability to distinguish the important from the minor issues." He is widely recognised as a leading expert in US ECM and DCM work.

Daniel Braverman has impressed sources with his hard work ethic, and they note that "it's good to have him on the deal." He has substantial expertise in matters concerning Russia and was one of the lead partners advising on the USD1.7 billion IPO of Russian mobile telecommunications operator Megafon. This was a dual-listing in London and Moscow, and was the largest LSE IPO of 2012.

Raj Panasar is well regarded in the market by peers and clients. He has significant experience in Russia and co-led the team on the Megafon IPO. He also has a formidable reputation for his debt capital markets work. Sources say that "he is unique" and highlight his strong integration into the Russian market, despite being based in London. 

David Gottlieb is a debt and equity specialist who splits his time between the firm's London and Moscow offices. He is increasingly prominent in the Russian market, especially on DCM work, recently advising the Russian Federation in its USD7 billion sovereign bond offering. Interviewees find him "attentive and helpful."

Interviewees appreciate Sebastian Sperber's technical ability and state that "he's fantastically knowledgeable and very approachable." He recently advised GlaxoSmithKline in relation to the issuance of USD5 billion unsecured notes by its subsidiary. Sources note his particular expertise in capital markets transactions concerning both the USA and India.

Simon Ovenden advised Felda Global Venture on its USD3.2 billion Malaysian IPO, the third-largest IPO in the world in 2012. Interviewees describe him as "very accurate, very competent and extremely responsive."

Corporate/M&A - UK

Simon Jay is "highly effective and technically highly strong," impressed market sources report. He recently represented Sony in its acquisition of Ericsson's 50% stake in Sony Ericsson Mobile Communications.

Tihir Sarkar is "highly pragmatic and gets the job done for the client," market sources say. He is recommended for his work in emerging markets, with noted expertise in India.

Daniel Braverman works between London and Moscow, and has been closely involved in advising Rosneft on its acquisition of TNK-BP, and in other important M&A and capital markets transactions. He maintains a prominent reputation in the market.

David Gottlieb has an increasingly prominent presence in the Russian market. He co-led the Sberbank SPO and his past clients also include VTB, the Russian Federation and Alfa-Bank.

Foreign Desks This broad-ranging international practice stands out for its expertise in India, Kazakhstan and Russia.

Dispute Resolution - UK

Sunil Gadhia has a good reputation in the banking space. He has a broad practice and has considerable experience in handling international disputes. He is particularly visible in the Indian disputes market.

Banking & Finance - USA

Laurent Alpert is singled out by sources as "patient and methodical" and for "knowing all the provisions that are industry-relevant." His wealth of experience in loan transactions is particularly valued by clients.

Margaret Peponis is described as a "very talented individual who always impresses with her creativity and her intelligence." She recently advised Biomet in connection with the amendment and restatement of its existing credit facility.

Robert Tortoriello operates in the highest levels of the bank regulatory sphere. One interviewee reports: "He is brilliant! A legend who has impeccable client service despite what must be enormous demands." Tortoriello is considered by peers to be "a world leader and recognised authority on international banking law in the USA." He is particularly noted for his strength in compliance and enforcement matters, and is increasingly recognised for his handling of financial institution transactions.

Derek Bush is "superstrong on institutional knowledge," relate sources, who also comment that "he is very invested in his clients, is smart and practical, and definitely thinks about things from a business perspective." Bush enjoys a reputation as a "top-flight adviser" in both domestic and international bank regulation and legislation.

Clients greatly value Richard Cooper's advice, especially in relation to US and Latin American jurisdictions, highlighting his "very good understanding of business," as well as his "decades of experience." He is particularly noted for his expertise in the restructuring space, having recently counselled Fintech Advisory concerning the debt restructuring of one of its Mexican debtors, glassmaker Vitro.

Carmen Amalia Corrales is an eminent expert in Latin American transactions, and is known as the long-time US counsel to the Argentine Republic in this area. Sources describe her as "very bright and business-minded."

Veteran transactional lawyer Jaime El Koury splits his time between New York and Buenos Aires. He has more than 30 years' experience in finance matters throughout Latin America.

Similarly lauded for his expertise with transactions involving Latin American jurisdictions and clients, Jorge Juantorena recently advised Empresas ICA on the extension of two senior unsecured bridge loans, with a combined value of USD150 million, to Deutsche Bank.

Wanda Olson is also highlighted for her Latin American expertise. Clients praise her "highly knowledgeable and efficient" demeanour, singling out her understanding of liability management matters.

Andrés de la Cruz divides his time between the firm's New York and Buenos Aires offices, focusing on cross-border transactions and financing matters, including debt restructuring and M&A.

Admitted in both Italy and the USA, Carlo de Vito Piscicelli frequently handles transactions with a US-law component. He recently advised Sogefi on negotiating a EUR200 million, five-year term and revolving credit agreement.

Glen Scarcliffe has worked on mandates from RUSAL and Iberian Minerals of late and is widely acknowledged as a talented banking and capital markets practitioner.

Scott Senecal is based in the Moscow office of the firm, where he works on financial and corporate transactions. Sources note his strong borrower client base and excellent knowledge of the Russian market, in addition to the knowledge of the US market he accrued while residing in New York.

Foreign Desks The firm is one of the most prominent in the Latin America transactional space, with extensive expertise in major financial deals involving significant local organisations. Jaime El Koury is the key contact for the Latin America practice.

Bankruptcy/Restructuring - USA

Global practice head James Bromley is renowned for his expertise in advising debtor and creditor clients on international restructuring matters. His recent highlights include acting as lead counsel for Overseas Shipholding on its high-value Chapter 11 bankruptcy. He is praised by interviewees as a "very good, practical lawyer with a calm demeanour."

The "hard-working and extremely bright" Lisa Schweitzer enters the US rankings thanks to an excellent recent workload and profile. Sources are quick to identify her prowess in working towards a pragmatic business solution for her clients. Her recent work has included her continued lead for Nortel Networks. 

Clients greatly value Richard Cooper's advice, highlighting his "very good understanding of business," as well as his "decades of experience." He is particularly noted for his expertise in the restructuring space, having recently counselled Fintech Advisory concerning the debt restructuring of one of its Mexican debtors, glassmaker Vitro.

Capital Markets - USA

Alan Beller is "practical" and "in tune with the SEC," sources say. Clients recommend his advice on corporate governance matters.

Leslie Silverman is a lawyer whose advice on complex legal issues related to underwriting is frequently sought by clients. He was counsel to Barclays Capital and Credit Suisse as underwriters on Transocean's public offering of USD1.2 billion of shares and a registered public offering of USD2.5 billion of senior notes.

Nicolas Grabar is "smart, calm, thoughtful and quick," admiring sources report. He continues to have a particularly impressive reputation for his representation of Mexican and Brazilian companies.

Craig Brod recently advised The Hartford on a USD2.15 billion capital raising which included an offering of 7.875% fixed-to-floating rate junior subordinated debentures due 2042 and a USD1.55 billion offering of senior debt in three tranches.

Jeffrey Karpf has "great judgement," is "highly thorough" and "always calm and collected," clients say. He recently represented the underwriters in the sale by the US Department of Treasury of approximately USD5.75 billion of AIG common stock.

David Lopez is praised by sources for his "highly thoughtful" and "collaborative" approach. His recent highlights include representing LyondellBasell on a USD2 billion offering of 5% senior notes due 2019, and a USD1 billion offering of 5.75% senior notes due 2024.

Francesca Odell was recently part of a team advising Petrobras and its subsidiaries on several multimillion-dollar global notes offerings. Sources recognise her broad Latin American expertise.

Gamal Abouali is a highly experienced corporate and capital markets lawyer based in the firm's Abu Dhabi office. He has expertise in a range of financial transactions including IPOs and privatisations and has advised on matters not only throughout the region but also in Africa, France and the USA.

Market sources distinguish Murat Akuyev as a "serious and attentive lawyer." He is one of the leading individuals working in capital markets in Russia, known for his involvement in the most complex and prominent deals. Akuyev is noted for his knowledge of US securities law.

Paris-based Andrew Bernstein's practice focuses on securities offerings. Recent work highlights include advising BPCE on its EUR2 billion issuance of contingently convertible bonds. He is praised by clients: "He's our contact for all matters; he's an ace in the US stakes." 

The "brilliant" Pierre-Marie Boury is a high-yield expert who commentators describe as an "extremely smart individual with a knack for conveying complex concepts as easy to grasp ones." They also praise his "ability to distinguish the important from the minor issues." He is widely recognised as a leading expert in US ECM and DCM work. Boury is based in the firm's London office. 

John Brinitzer is dual-qualified in France and the USA. He is known for his expertise in convertible bonds and debt bond offerings, block trades and other capital markets transactions. One market source comments: "We see him on some of the biggest and most complex deals." He is based in Paris.

Carmen Amalia Corrales is recognised for her knowledge of the Latin American market. Sources note that she is "very bright and business-minded," while one interviewee describes her as "really outstanding." 

Jaime El Koury splits his time between the firm's New York and Buenos Aires offices. His capital markets practice is highly valued by Latin American clients, as illustrated by his assistance of BBVA Bancomer in its USD1 billion offering of subordinated preferred notes.

Impressed market commentators say Ward Greenberg "gives top-notch legal and commercial advice; he can provide both German and US legal advice under one roof." He leads the firm's Frankfurt-based US practice and frequently advises German companies on US securities law.

The "outstanding" Jorge Juantorena offers a broad Latin American expertise, with sources particularly noting his mastery of the Mexican market. He is based in the firm's New York office.

New York-based Wanda Olson is respected for her handling of public offerings and private placements of debt and equity securities with respect to Latin American clients. Sources describe her as "user-friendly, professional and pleasant to deal with."

Interviewees appreciate London-based Sebastian Sperber's technical ability and state that "he's fantastically knowledgeable and very approachable." He recently advised GlaxoSmithKline in relation to the issuance of USD5 billion unsecured notes by one of its subsidiaries. Sources notes his particular expertise in capital markets transactions concerning both the USA and India. 

Michael Volkovitsch is based in New York and has an impressive breadth to his practice, carrying out debt and equity offerings as well as handling derivatives work. He previously worked in the firm's Milan and Frankfurt offices, specialising in cross-border work, and is especially known for his Italian market knowledge.

Foreign Desks Cleary enjoys an outstanding reputation for its handling of debt and equity matters throughout Latin America. The team recently advised Petrobas in relation to an offering of USD6 billion SEC-registered notes. Leslie Silverman is a key contact. 

John Palenberg 

Capital Markets - USA

Michael Dayan is "detailed, focused and extremely knowledgeable," impressed clients say. He has recently advised a credit default swap dealer consortium on the establishment of a credit default swap clearing initiative by the Chicago Mercantile Exchange.

Seth Grosshandler is exceptionally highly regarded by market participants for his "great authority and knowledge" in the field of derivatives and insolvency. He has advised Goldman Sachs, Barclays and Wachovia on derivatives and other exposure to Lehman Brothers.

The "excellent" Edward Rosen has a tremendous reputation for his expertise and experience in advising clients on derivatives and securities transactions and regulation. His recent highlights include advising a clearing joint venture between NYSE and DTCC called New York Portfolio Clearing on commodities and securities law related to the structuring of portfolio margining arrangements.

Michael Mazzuchi advised BNP Paribas on the disposition of USD1.7 billion of structured notes held by Fortis Bank before its acquisition by BNP Paribas. Clients praise his "breadth of expertise" as "highly useful in analysing new products."

Michael Volkovitsch is highly rated for his representation of Italian clients, having gained expertise in the Italian aspects of capital markets matters during his time in the firm's Milan office. 

Foreign Desks This firm has a fine reputation for derivatives work in Latin America. Edward Rosen is a key contact.

Capital Markets - USA

DC-based Mitchell Dupler is highly regarded by sources for his transactional and regulatory expertise. He continues to be a frequent choice for underwriters on MBS transactions.

Joyce McCarty is respected by interviewees for her CLO experience. Her clients include Goldman Sachs, GSO Capital Partners and Merrill Lynch.

Competition/Antitrust - USA

George Cary is "extremely bright," according to sources, who praise his "crisp and clear advice." He has long been rated by peers as one of the leading lawyers in the area. His high-profile representations include achieving dismissal for GlaxoSmithKline in an antitrust suit concerning alleged price-fixing of drugs in California.

Mark Leddy is Cleary's managing partner, but remains extremely busy in the antitrust space and is "a real star," according to sources. "If I could pick one lawyer in the world to be on my team, I would pick him any day. He epitomises excellence," said one interviewee. Leddy recently acted for Whirlpool in antitrust litigation concerning refrigerators. He is additionally noted for his EU expertise.

The "terrific" Mark Nelson is described as a "go-to partner for any antitrust question." His practice is primarily concerned with M&A antitrust and he is particularly recognised for his EU work in Belgium. He represented Deutsche Telekom in the attempted sale of T-Mobile to AT&T, in a deal which would have been worth USD39 billion.

Brian Byrne  has recently returned to Washington, DC following a three-year secondment in the firm's Brussels office. He is described as an "incredibly good advocate," and is noted for his client management and problem-solving skills. He was part of the team representing 3M in its proposed acquisition of Avery Dennison.

Foreign Desks Spearheaded by Mark Leddy, the practice remains a go-to player for matters concerning European competition law, particularly in Belgium. The group is further bolstered by the considerable talents of EU experts Mark Nelson and Brian Byrne.

Corporate/M&A - USA

Sources characterise Victor Lewkow as "an incredible resource." He is praised as "calm and balanced," accessible and "highly experienced, particularly in hostile public offering situations." He recently represented GlaxoSmithKline in the negotiation of a USD3.6 billion merger agreement with Human Genome Sciences following an earlier hostile bid and tender offer.

Market commentators say Paul Shim has "a calm manner" and is "very smart." He advised TPG on a deal alongside Leonard Green & Partners to acquire Savers in a USD1.7 billion recapitalisation. He also advised TPG's Primedia subsidiary on acquiring Rent.com from eBay for USD145 million.

Michael Ryan has a lauded financial and corporate advisory practice, and is particularly strong in work for private equity clients.

Daniel Sternberg's recent highlights include advising Alkermes on its USD1 billion combination with Elan Drug Technologies.

Christopher Austin recently counselled Asahi Kasei on its USD2.21 billion acquisition of critical care device manufacturer ZOLL Medical.

Jaime El Koury is one of the Latin American practice group's leading lights, with more than 30 years' experience in advising clients on a plethora of finance, M&A and securities issues. He divides his time between New York and Buenos Aires.

Also highly recommended for his expertise in Latin America, Jorge Juantorena's work in the M&A space is complemented by his considerable expertise in securities, finance and corporate governance.

Jeffrey Lewis is also highlighted for his superb Latin America practice. He was recently co-lead partner advising Brazilian mining giant Vale on the sale of its Colombian coal assets, which fetched a total of USD407 million for the company.

One impressed client of Francesca Odell observed: "Her deep experience in Latin America helps her guide us through those issues that take judgement - not just legal knowledge - to a successful conclusion."

Frankfurt-based Ward Greenberg has accumulated substantial experience in cross-border transactions involving US targets and acquirers. He was previously resident in the New York office and speaks fluent German and English.

Scott Senecal has a wealth of knowledge of the Russian and US corporate markets, and is a leading adviser to international investors and Russian corporates with US interests. His recent experience includes acting for Summa Group on its joint venture with VTTI in a project valued at USD1 billion.

Foreign Desks The firm is renowned for its significant experience handling corporate transactional matters across the Americas. Jaime El Koury is a key contact for the Latin America practice.

Energy & Natural Resources - USA

Richard Cooper is a key contact at the firm and operates out of its New York office. Cleary remains a particular leader in mining and metals and continues to handle sales, securities offerings and purchases for a range of top-drawer clients including Vale, CODELCO and Citi. 

International Arbitration - USA

Jeffrey Rosenthal offers extensive experience in handling a range of complex arbitrations, and recently represented Citigroup Financial Products in an ICC arbitration regarding its purchase of a EUR2 billion portfolio of German loans from Eurohypo. Commentators acknowledge that "he is very diligent and a pleasure to work with."

Howard Zelbo has a varied portfolio of investor-state and commercial arbitrations, and also handles commercial litigation. He is part of the team serving as counsel to the Argentine Republic in a multibillion-dollar ICSID arbitration brought by bondholders under the Argentina-Italy BIT.  

Investment Funds - USA

Michael Gerstenzang enjoys a sterling reputation in the private funds space, and is hailed by one commentator as "a thought leader" in the space. He recently formed two Asia-focused funds for private equity giant KKR.

Elizabeth Lenas has cultivated a strong reputation in the field, acting on behalf of major industry names such as TPG, KKR and Blackstone Alternative Asset Management.

Private Equity - USA

"Terrific lawyer" Michael Ryan has broad experience across a range of corporate and financial matters, and serves as principal outside counsel to TPG.

Paul Shim recently provided counsel to TPG in a number of matters, including a USD1.7 billion recapitalisation of Savers together with Leonard Green & Partners.

The "very experienced, very responsive and very thoughtful" Christopher Austin receives extensive praise, with one client describing him as "very good in a contentious negotiation" and "the best I deal with in terms of his ability to get a deal done."

Filip Moerman is based in New York but is able to draw on deep experience in the Chinese private equity market having practised in both Hong Kong and Beijing. He regularly acts for major American banks in relation to their Chinese investments.

Projects - USA

Strong market endorsement has enabled "very strong lawyer" Richard Lincer to climb the PPP rankings this year. In the past year he has handled a series of big-ticket matters for the likes of DP World, Cascade Investment and Aerostar Airport Holdings.

The "exceptional" Jeffrey Lewis is commended by clients for his "tremendous ability to manage difficult situations very well." He has recently led the team's work on behalf of DB Masdar Clean Tech Fund in connection with its private equity investment in a solar cell manufacturing project. His expertise stretches across the USA and Latin America. 

Latin America expert Chantal Kordula is based in New York and focuses on sophisticated project finance transactions. She is held in high regard by clients for her impressive negotiation skills.

Foreign Desks The firm has a prominent practice for work involving project finance across Latin America. New York partner Jaime El Koury is a key contact who also has an office in Buenos Aires. 

Tax - USA

Leslie Samuels is well known for the expertise he brings to matters relating to domestic and international taxation, including direct investment in the USA by foreign entities, M&A and the development of new financial products. He recently brought his considerable attributes to bear on a matter concerning SABMiller's multibillion-dollar acquisition of Foster's Group.

The income tax practice of Erika Nijenhuis is characterised by an emphasis on international tax planning and financial products, including advising foreign and domestic clients on inbound and outbound business activities, capital markets transactions and financial product formulation. She is "very good, very thoughtful, and knows tax law very well," say sources. Her distinguished clients include Credit Suisse.

James Peaslee's practice comprises a variety of US tax matters. He has particular expertise in structured finance and financial products, and has represented an array of financial organisations engaged in IRS audit disputes. Peers regard him as "a star: one of the best tax lawyers in the country and a brilliant fellow."

James Duncan specialises in the tax aspects of major joint ventures and restructurings, M&A, securities transactions, financial products, and tax planning for multinationals and financial services organisations. He recently represented Alpha Natural Resources in its multibillion-dollar merger with Massey Energy, and is regarded as an excellent lawyer who has "very good business sense, and is very creative and very practical."

Jason Factor has a burgeoning reputation for handling tax matters in the field of joint ventures, partnerships, private equity and hedge funds, financings and M&A transactions. He is "very fluent, very deal-savvy and very practical," say sources.

The deeply knowledgeable Yaron Reich is renowned for his expertise in the tax issues relating to bankruptcy and insolvency, financing, real estate and M&A matters. He recently advised Conversus Capital regarding the sale of its portfolio of co-investments and private equity fund interests.