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Slaughter and May

London

Slaughter and May - London
  • One Bunhill Row
  • London
  • Greater London
  • UK
  • EC1Y 8YY
  • Senior Partner Christopher Saul
  • Number of partners 106
  • Number of solicitors 389
  • Other fee-earners 166
  • figures as of 01/05/13  

THE FIRM Slaughter and May is a leading international law firm with a worldwide corporate, commercial and financing practice.The firm provides its clients with a professional service of the highest calibre, combining technical excellence with commercial awareness and a practical, constructive approach to legal issues. Every client receives a personal service tailored to their requirements; special emphasis is placed on partner involvement, approachability and continuity of client service. International work is central to the firm’s practice. The firm has close working relationships with leading independent law firms around the world which enables it to provide clients with a first class and seamless legal service worldwide.

PRINCIPAL AREAS OF WORK Main areas of practice comprise:
Asset Management: Advice to asset management businesses on legal and regulatory issues, including their structure, location, acquisition and disposal and advice to managers and investors on the establishment, promotion and reorganisation of investment funds and other financial products.
Capital Markets: Capital issues ranging from ‘plain vanilla’ to highly structured products; sovereign debt; initial public offerings; rights issues and other pre-emptive issues; convertible and exchangeable securities; placings; equity derivatives; and hedging and stabilisation of equity and equity-related products.
Competition: EC, UK and cross-border merger control; cartels; abuse of dominance; market investigations; state aid; public procurement; sectoral regulation; and competition and regulatory litigation. Competition Litigation: Advising on competition litigation before English and European courts and in other alternative dispute resolution fora, including appeals against decisions of competition authorities and regulators and private actions for damages and other forms of relief.
Contentious Tax: Advising clients on all aspects of the tax disputes with domestic and overseas tax authorities from the investigation stage through to the proceedings before the tax tribunals and courts.
Corporate & Commercial: Broad range of corporate and commercial work including: demergers and reorganisations; joint ventures; returns of capital; corporate governance; and general advice to corporates.
Corporate Recovery & Insolvency: Advising companies, directors, creditors, insolvency practitioners and other parties on complex restructuring and refinancing.
Dispute Resolution: Handles the full range of litigation and arbitration, including: complex international and domestic disputes; risk management; and mediation.
Environment: Compliance, management and liability and the environmental aspects of corporate and financing transactions.
Financial Regulation: A range of regulatory issues affecting financial institution clients and non-regulated customers.
Financing: Expertise includes: acquisitions/leveraged finance; loan finance; derivatives; securitisations; structured finance; and leasing and asset finance.
Global Investigations: Handles the full spectrum of statutory, regulatory and disciplinary investigations by regulatory or professional bodies and government agencies.
Information Technology: Advising companies active across a broad range of new and mainstream technologies on their technology and e-commerce-related matters.
Infrastructure, Energy & Natural Resources: A range of matters for infrastructure, energy (including oil and gas) and mining and mineral clients, including: mergers and acquisitions; projects; and investments.
Insurance: Advising insurance sector clients on the full range of corporate, financing and regulatory matters including M&A, capital markets, restructurings, risk transfer, regulatory capital and (re)insurance litigation.
Intellectual Property: Creation, exploitation and enforcement of IP rights including on global IP licensing strategies; R&D arrangements and franchising; and multi-jurisdictional and domestic IP disputes.
M&A: Buying and selling public and private companies and businesses, often involving a cross-border element.
Outsourcing: A range of outsourcing and other strategic sourcing projects across a broad range of sectors and jurisdictions and for a variety of services (ITO, BPO,HRO).
Pensions & Employment: Employment, pensions and employee benefit matters.
Private Equity: Venture capital investment through to the largest and most complex cross-border mergers and acquisitions and from the initial investment all the way through to exit.
Sovereign Debt & Eurozone: Advising a range of public and private sector clients around the world on sovereign debt, restructuring and eurozone-related issues.
Real Estate: All types of property transactions as well as construction and engineering projects.
Sport: Advising in relation to on-field matters (player contracts, transfers, registration issues and disciplinary actions), regulation of participants by sports governing bodies as well as every aspect of the business of sport.
Tax: Tax aspects of corporate transactions and activities; the development of innovative structures for financing transactions and instruments; and tax disputes.

RECRUITMENT There are approximately 75-80 vacancies for trainee solicitors per year. In addition, work experience placements are available at Easter and during the summer for penultimate year students considering a career in law. The firm also runs a 2-day workshop in December for non-law finalists and non-law graduates, and an Open Day at Easter for first year law students.Applications should be made using the online form which can be accessed via the website (www.slaughterandmay.com) and be addressed to Mrs Mel Binks. Further information is available on the careers section of the firm’s website.

    Contacts
  • Asset Management Paul Dickson, Robert Chaplin
  • Capital Markets (equity) Nilufer von Bismarck
  • Capital Markets (debt) Marc Hutchinson
  • Competition Philippe Chappatte John Boyce
  • Competition 
  • Contentious Tax Tony Beare
  • Corporate & Commercial Frances Murphy
  • Corporate Recovery & Insolvency Richard de Carle, Ian Johnson
  • Dispute Resolution Deborah Finkler
  • Environment John Nevin
  • Financial Regulation Ruth Fox
  • Financing Paul Stacey
  • Global Investigations Deborah Finkler
  • Information Technology Rob Sumroy
  • Infrastructure, Energy & Natural Resources Mark Horton
  • Insurance Oliver Wareham
  • Intellectual Property Susie Middlemiss
  • Mergers & Acquisitions Stephen Cooke
  • Outsourcing Rob Sumroy
  • Pensions & Employment Jonathan Fenn
  • Private Equity Jeff Twentyman
  • Real Estate David Waterfield, Steven Edwards
  • Sovereign Debt & Eurozone Sanjev Warna-kula-suriya, Nilufer von Bismarck, Ian Johnson
  • Sport Andrew Jolly, Rob Sumroy
  • Tax Sara Luder

Branches

  • One Bunhill Row,
  • London,
  • Greater London
  • UK
  • EC1Y 8YY
  • Tel +44 20 7600 1200
  • Fax +44 20 7090 5000
  • DX 11, Chancery Lane, London
  • Website : www.slaughterandmay.com

Banking & Finance - London (Firms)

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

What the team is known for Widely acknowledged as a leading practice for corporate borrower clients. It has knowledge and experience of a variety of sectors, including travel, telecoms and energy.

Strengths (Quotes mainly from clients)
 Client service: "A fantastic, formidable firm. Their client service is second to none - it's exactly what you pay for."

Reliability: "Very professional - they are trusted advisers and partners."

Technical ability: "They are all very impressive, as you would expect from Slaughters. They are very bright people who learn quickly as they go on."

What's new? Edward Fife was promoted to partner.  

Work highlights Represented Terra Firma in the financing of its £825 million acquisition of Four Seasons Health Care.  

Acted for Global Infrastructure Partners on the financing arrangements for its acquisition of Edinburgh Airport from BAA for £807.2 million.

Notable practitioners 

Practice head Philip Snell was the lead partner on the financing for the acquisition of Edinburgh Airport by Global Infrastructure Partners. He maintains an impressively broad practice advising financial institutions, corporates and sponsors.

Robert Byk has been busy on the lender side of late, advising on two major refinancings for Premier Foods and CEMEX, in matters valued at £1.4 billion and USD6.7 billion respectively.

Miranda Leung recently advised borrower client AER Solar Energy Group on its new EUR20 million revolving loan facility. Her practice covers structured finance, acquisition finance and general bank lending transactions on behalf of both borrowers and lenders.

Edward Fife took the lead on the USD100 million refinancing provided by Deutsche Bank to Gunvor Raffinerie Ingolstadt and Gunvor Deutschland in connection with the acquisition of certain assets of Petroplus Raffinerie Ingoldstadt. One client describes him as "absolutely fantastic."

Matthew Tobin has racked up an impressive deal sheet of late, acting on mandates for Dufry, PT Borneo, Terra Firma and Ocado. He has broad-ranging banking and finance experience, encompassing capital markets and securitisation expertise.

Significant clients Deutsche Bank, Nimax, Tata Communications, United Energy, Dufry.

Banking Litigation - London (Firms)

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

What the team is known for Celebrated commercial litigation expertise as well as deep experience in the financial sector. Able to handle complex banking disputes for a diverse client base, complemented by ancillary strength in insolvency matters. 

Strengths (Quotes mainly from clients)
Market reputation: "Every point is beautifully researched and it's all done brilliantly. They provide a first-class service."

Team strength: "I've been very impressed. They are a fantastic team. They are very responsive and practical."

Work highlights Acted for the trustee for the liquidation of MF Global in connection with multiple high-profile claims arising out of the bankruptcy of MF Global.

Advised Deutsche Bank in connection with numerous regulatory investigations concerning benchmark rates in a variety of jurisdictions.

Notable practitioners  

"A formidable opponent and a great litigator," Deborah Finkler is praised for her experience in the area. Sources say she "has a very good feel for how courts will react to things."

The "very clever and very impressive" Ewan Brown focuses his practice on work with financial institutions. He has notable experience in regulatory investigations and enforcement proceedings.

Richard Swallow has a broad practice and is described as a "very strong litigator." He has significant experience handling cross-border disputes. 

Significant clients Alliance Bank of Kazakhstan, Euroclear, Gain Capital, Standard Chartered Bank, Norwich & Peterborough Building Society.

Capital Markets - London (Firms)

What the team is known for Handles large, complex ECM and DCM transactions for an impressive corporate client base. Provides expertise across a broad range of matters, including repackagings, debt programmes, IPOs and secondary fundraisings. Also noted for its skill in handling projects spanning multiple jurisdictions. 

Strengths (Quotes mainly from clients)
Responsiveness: "I can just ring them up and they come back to me very quickly with a plan of action and preliminary thoughts."

Client service: "Professional, extremely hard working and flexible."  

Work highlights Acted for Westpac with regard to the establishment of a USD20 billion covered bond programme. Also advised on the addition of an N-bond issuance feature, a programme update and an issuance.

Advised Direct Line Insurance Group in connection with its separation from the RBS group, and its £2.65 billion IPO.

Notable practitioners  

Head of the DCM practice Marc Hutchinson has wide-ranging experience acting for arrangers, lenders and borrowers in international transactions. He led the team on the aforementioned matters for Westpac.

Christopher Saul enjoys a strong reputation in the market, and sources agree that he is a "very capable lawyer." He offers a wealth of transactional experience that covers corporate, securities and private equity law.

Significant clients Drax Group, JPMC, Prudential, Ocado, Tangent Communications.

Capital Markets: Structured Finance, Securitisation & Derivatives - London (Firms)

Basic facts about the department
 - 40 partners 
 - 107 other qualified lawyers

What the team is known for Offers a wealth of securitisation experience, covering a wide range of asset classes, and is particularly recognised for its expertise advising on covered bond programmes. Represents an enviable client base in connection with the full spectrum of derivatives transactions, including those related to commodities, equities and energy. Also provides significant regulatory counselling on MiFID, CRD IV and EMIR.

What's new? The group received instructions from a host of new clients, including Noonday and Och-Ziff.

Work highlights Advised Santander in connection with an update to its £35 billion covered bond programme.

Acted for Reinet Investments in relation to its entrance into a £300 million equity 'collar' financing with Deutsche Bank, which involves put and call options relating to 13.7 million British American Tobacco shares.

Notable practitioners  

Interviewees describe Sanjev Warna-kula-suriya as "smart, friendly and pragmatic" and also note that he is a go-to person for complex structured finance matters. He regularly acts on behalf of leading corporates, investment banks and financial institutions. One recent highlight saw him advise Cable & Wireless in relation to its issuance of CDS-linked notes.

Guy O'Keefe acts for borrowers, issuers and lenders, and offers experience across a range of structured finance issues. He recently advised Santander in the aforementioned £35 billion covered bond programme.  

Significant clients Gatwick Airport, Nordea, Magnetar Investments, British Airways, Diageo.

Since publication, Richard Levitt has retired from this practice.

Competition/European Law - London (Firms)

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

What the team is known for One of the strongest merger control teams in the market. Also adept at handling market investigations and cartel matters. Experienced in handling matters before both domestic and European competition authorities.

Strengths (Quotes mainly from clients)
Problem solving: "They willingly engage with clients and when new issues arise, they always look for business solutions."

Client service: "They are professional and responsive." 

Work highlights Acts for Global Radio on the competition elements of its purchase of Guardian Media Group's radio arm, a deal that was referred to the Competition Commission by the OFT.

Advised Booking.com on the OFT investigation into the hotel online booking sector following alleged anti-competitive conduct.

Notable practitioners 

Philippe Chappatte has a broad practice with experience in all key areas of competition law. He has recently worked on a number of high-profile market investigations, including representing Booking.com in the OFT investigation into the hotel online booking sector. Sources say he "provides knowledgeable analysis of situations" and "clear solutions."

Bertrand Louveaux is viewed as "an exceptional lawyer whose knowledge is just first class." British Airways is an established client, and instructs him in cartel investigations.

Michael Rowe is recognised for his expertise in handling competition matters at the European level. He is particularly adept in dealing with merger control. 

Significant clients Bertelsmann, Ericsson, GlaxoSmithKline, Google, INEOS.

Corporate/M&A - London (Firms)

Basic facts about the department
- 50 partners
- 105 other lawyers

What the team is known for Provides highly commercial and effective advice to UK-listed companies including a significant number of FTSE 100, FTSE 250 and FTSE Small Cap companies. It is the choice of an array of domestic and international clients on complex, high-value deals.

Strengths (Quotes mainly from clients)
Commercial awareness: "They are all highly intelligent and highly thorough, and make it their business to understand your business so that the advice is tailored."

Responsiveness: "They are very quick to respond, always get it right and their drafting is impeccable first time."

Client service: "They really are very client oriented and focused."

What's new? New clients include Drax, LMS Capital and Morgan Crucible.

Work highlights Represented PTT Exploration and Production Public Company in its takeover of AIM-listed Cove Energy for £1.22 billion.

Represented Diageo on its £2.4 billion acquisition of up to 53.4% of Indian company United Spirits.

Advised Old Mutual on the sale of its Nordic business for £2.1 billion in cash to Skandia Liv.

Notable practitioners  

Andy Ryde "knows the issues," "is on top of it" and "has done some very good work on deals for us," impressed clients say. He advises clients on a wide range of corporate transactions.

The "terrific" Nigel Boardman is a "fantastic tactician" and "highly commercial," sources say. He is an experienced and highly regarded corporate lawyer and sources praise his ability to anticipate and his strategic planning.

Stephen Cooke is "extremely creative," and "technically first rate but also incredibly commercial," impressed sources say. He heads the M&A team.

The "thorough, professional and diligent" Frances Murphy "knows all the issues" and "takes all the stress out of the process," satisfied clients say. She advises clients on matters including M&A and corporate finance transactions.

William Underhill is described by sources as "a good operator," "a brainbox," and "a truly brilliant lawyer." He recently advised CSR (formerly Cambridge Silicon Radio) on an agreement with Samsung which includes the transfer of CSR's development operations in handset connectivity and location.

Jeffrey Twentyman recently advised Terra Firma on the £825 million acquisition of Four Seasons Health Care. Clients say he is "incredibly intelligent," "cuts very quickly to the answer," and "gives you good, direct legal advice."

Christopher Saul is praised by sources for his highly pragmatic style. He is senior partner.

David Johnson is "unflappable under pressure," clients say. He is an experienced adviser to clients on private and public M&A.

Clients say Robert Stern is "highly astute and commercial." He advises a range of clients on corporate transactions.

Gary Eaborn is a respected choice to advise clients on cross-border M&A deals. One source said: "If you've got him in your corner you know you'll get a result."

Kathy Hughes is a respected corporate practitioner. She advises clients on an array of transactions, including private and public M&A transactions and private equity matters.

The "tenacious and passionate" Simon Nicholls "understands our business well and knows what our requirements are in terms of both legal risks and the management of those legal risks," impressed clients say.

Oliver Wareham has notable expertise in advising clients in the insurance and building society sectors. One client said: "There is nothing so difficult I can throw his way that he will not get to grips with really quickly."

Roland Turnill is "extremely bright," "unflappable" and "absolutely tenacious on the points that matter," clients say. He advised Aegis on a recommended cash offer by Dentsu.

Significant clients Aegis, ARM, GlaxoSmithKline, Psion, Richard Schlagman.

Employment - London (Firms)

Basic facts about the department

- 3 partners
- 6 other qualified lawyers

What the team is known for Providing cutting-edge employment advice to the firm's enviable array of large corporate clients. Delivers advice to multinational corporations on handling the employment angles of transactions.

Strengths (Quotes mainly from clients)
Commercial awareness: "They're superb; very pragmatic. The advice is considered against a technical background and delivered in a commercial fashion."

Problem solving: "They were exceptional and very professional. They came in and made things happen in the most painless way."

Work highlights Acted for Terra Firma on its acquisition of Four Seasons Health Care. 

Advised Premier Foods on the employment aspects of the divestiture of several of its businesses to The Hain Celestial Group. 

Notable practitioners  

Roland Doughty, lauded by commentators for his "commercially focused and client-friendly" approach, has the skills to deliver integrated advice across several different disciplines, including pensions and employee benefits concerns. He recently advised Cambridge Silicon Radio on the sale of one its handset divisions to Samsung.

Associate Elizabeth Twigger has the ability to "listen to clients and comes back with appropriate advice from both a legal and a practical perspective. She gives advice that helps clients feel safe and confident."

Significant clients Ashmore Group, BBA Aviation, Cambridge Silicon Radio, Ocado, Marks and Spencer.

Environment - London (Firms)

What the team is known for Supports the firm's corporate department on high-end transactions.  

Strengths (Quotes mainly from clients)
Breadth of services: "Their capacity to work in wide subject matter areas was very impressive."

Technical ability: "They were very straightforward in terms of what we were looking for, quick to respond, and good in terms of clarity and drafting the terminology we were looking for."

Work highlights Advised Diageo on its acquisition of 53.4% of United Spirits in a deal worth £660 million.

Advised Premier Foods on the sale of its sweet spreads and jellies business.

Significant clients Moller-Maersk, GlaxoSmithKline, Centrica, INEOS, Talisman Energy.   

Fraud - London (Firms)

What the team is known for Engaged by major corporate clients to handle complex commercial litigation with elements of dishonesty. 

Work highlights Advised Kazakh state-owned Alliance Bank on High Court claims against various other parties, pertaining to the misappropriation of USD1 billion.

Instructed to advise Icelandic bank Glitnir on allegations of fraud relating to its collapse.

Notable practitioners  

Elizabeth Barrett is a highly regarded commercial litigator, who is praised for her tactical nous. She has significant experience of advising on claims arising from insolvency.

Significant clients British Airways, Cable & Wireless, Fortress Investment, Kroll, Olympus.

Information Technology - London (Firms)

Basic facts about the department

- 8 partners
- 15+ other qualified lawyers 

What the team is known for Advises on discrete outsourcing, cloud computing, procurement, competition and data protection and privacy matters.

Work highlights Advised Cambridge Silicon Radio on a mobile phone connectivity and location technology licensing transaction with Samsung.

Advised Ladbrokes on a series of agreements with TBH Guernsey with regard to Betdaq, its internet betting exchange platform.

Notable practitioners 

Multiple sources praise the "excellent" Rob Sumroy for his extensive knowledge of and expertise within the technology sector. He leads the firm's IT and outsourcing practice, and is also skilled at matters involving data protection, e-commerce and IP rights.

Significant clients Carillion, Direct Line Group, Ericsson, Ladbrokes, Royal Mail.

Intellectual Property - London (Firms)

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

What the team is known for A strong transactional IP practice assisting with major M&A. Also represents clients in IP litigation, including patent and copyright work.

Strengths (Quotes mainly from clients)
Client service: "I was deeply impressed by their ability to make complex matters visible to us and structure them in a way so we could follow them up."

Work highlights Advised Premier Foods on the sale of several parts of its business, featuring a number of well-known brands.

Advised Speciality Fibres and Materials in the Court of Appeal on defending a patent infringement claim brought by ConvaTec.

Notable practitioners  

Sources deem Susie Middlemiss to be "hard-working, charming and bright." She practises in a number of areas, including patents and trade marks. She advised Speciality Fibres and Materials.

David Ives is described as a "very professional and able" practitioner who "certainly knows his stuff." He recently advised Bertelsmann on the combination of Random House and Penguin.

Cathy Connolly is a transactional IP lawyer who has featured on a number of recent deals, including the Premier Foods transaction outlined above.

Significant clients ASDA, Diageo, Cambridge Silicon Radio, Marks & Spencer, Unilever.

International Arbitration - London (Firms)

What the team is known for Advises a stellar list of international corporates. Attracts enviable first-time instructions in addition to supporting the firm's corporate practice, particularly in energy and telecoms.

Work highlights Acted for the Bahraini Telecommunications Regulation Authority in a statutory arbitration brought by telecoms provider Batelco challenging the TRA's regulatory determination of transmission fees.

Advising SEB Trygg Liv in a ��40 million pensions dispute at the Stockholm Chambers of Commerce arising out of the mis-selling of pensions and the purchase of a life insurance company.

Notable practitioners  

Nick Archer is head of arbitration.

Significant clients Alliance Bank, Kosmos, SEB Trygg Liv, Telecommunications Regulatory Authority of Bahrain.

Litigation - London (Firms)

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

What the team is known for Noted for its aptitude representing clients in matters arising from the global financial crisis. Recognised for taking on technically challenging, high-value cases across multiple jurisdictions. Houses specialist knowledge in disputes in the media, entertainment and art worlds.   

Strengths (Quotes mainly from clients)
Technical ability: "Every point is beautifully researched and it's all done brilliantly." 

Market standing: "A blue-chip corporate client base, which generates fantastic work." 

What's new? New client wins include Ladbrokes, Gain Capital and Ondra.

Work highlights Defended Kroll Associates against claims brought by a Bahraini bank and a Saudi Arabian company of defamation, breach of confidence, malicious falsehood and unlawful and lawful means conspiracy.  

Represented Standard Chartered Bank in global-wide criminal and regulatory investigations commenced by various US authorities.

Notable practitioners

The "very talented" Elizabeth Barrett is renowned as a "tactical litigator who knows which buttons to push and when to take her foot off the pedal." She continued to represent British Airways in an OFT investigation over allegations of cartel activity.

Deborah Finkler "has a very good feel for how courts will react to things," according to impressed sources, and her extensive experience is highly valued by her clients. She has been very active advising major banking clients on wide-ranging regulatory investigations into benchmark rate-setting.

Sarah Lee is recommended by peers for her highly active practice, representing financial institutions and multinational corporations in high-value and technical litigation.

Executive partner Richard Clark has a strong reputation as an "experienced litigator." He is identified by interviewees as both a "strategic thinker" and "extremely articulate." One client praises his organisational abilities: "He puts together a great team that will ensure you get the best advice exactly when you need it." 

In a recent highlight, Nick Gray acted for Standard Chartered Bank on a series of regulatory and criminal investigations, and he is described as "impressive" and "extremely good." He is also known for being "really great at managing the client and making sure they're happy."

Richard Swallow continued in his representation of major client British Airways in cartel litigation, defending it against claims brought by Hausfield & Co. He is hailed as "very thorough" by one interviewee.

"Very hard-working and very thorough" is how clients view Ewan Brown. He has made a strong impression in the market through his work on behalf of key clients Fortress Investment Group and Olympus.

Efstathios Michael acted on behalf of Fortress Investment Group on high-value litigation related to various claims brought against third-party fund managers. He is known in the market as a "very effective" operator.

Significant clients British Airways, Olympus, Telegraph Media Group, Fortress Investment Group, Deutsche Bank.

Since publication, Nick Archerhas retired from this practice.

Pensions - London (Firms)

Basic facts about the department

- 5 partners
- 20+ other qualified lawyers

What the team is known for Strong advisory practice. Also well known for its transactional offering. Part of integrated pensions and employment group acting for both companies and trustees across complex pensions issues.

Strengths (Quotes mainly from clients)
Technical ability: "The team's advice is always clear and logically set out."

Problem-solving: "Members are creative in finding ways to help us."

Responsiveness: "We find individuals are very quick in their responses and work exceedingly hard."

Work highlights Advised the trustee of the General Motors UK Retirees Pension Plan on a £230 million bulk annuity deal with Rothesay Life. This involved the surrender of its existing policies with two insurers. 

Advised the Trustees of the Severn Trent Pension Scheme on its investment in an asset-backed Scottish Limited Partnership (SLP). Water infrastructure assets are backing the SLP so the deal had to be structured in accordance with the water regulatory regime.

Notable practitioners

Philip Bennett is described as a "guru" in the pensions market. Clients and peers consider him to be "outstanding," and praise his ability to think of creative solutions to problems. Clients include the trustee of the General Motors UK Retirees Pension Plan and Unilever.

Charles Cameron recently advised Edinburgh Airport on establishing a new defined benefit pension scheme. One client states: "He is very, very thorough and you absolutely trust him in terms of advice."

Jonathan Fenn heads the pensions department and recently advised the trustee of the Severn Trent Pension Scheme on its investment in an asset-backed Scottish Limited Partnership.

Roland Doughty recently advised Carillion on an arrangement with BlackRock, which may be implemented by using a master trust or a contract-based approach, and will enable the company to comply with automatic enrolment. He is recognised as being "accessible, user-friendly, and very professional."

Sandeep Maudgil recently advised GlaxoSmithKline on a change to benefit accrual, involving a cap on future pensionable salary increases for employees. One source describes him as a "star pensions lawyer." 

Edward Smith is an associate at the firm and is recognised by clients for his strength in the pensions field.

Significant clients Akzo Nobel, Aviva, Caterpillar trustees, GM, GlaxoSmithKline.

Professional Negligence - London (Firms)

What the team is known for Dispute resolution team with professional negligence capabilities. Instructed on matters involving banks, accountants and investment advisers, amongst others. Sought for advice on crisis situations.

Work highlights Advised Norwich & Peterborough Building Society on potential claims from clients arising from the collapse of Keydata.

Advised Euroclear on claims of negligence worth close to USD34 million levelled by the German bank KFW, relating to the collapse of Lehman Brothers.

Notable practitioners  

Deborah Finkler heads the firm's dispute resolution practice.

Significant clients Euroclear, Marsh, Mercer, Norwich & Peterborough Building Society, SEB Trygg Liv.

Real Estate - London (Firms)

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

What the team is known for Known for ability to handle complex and multidisciplinary transactions for high-profile clients.

Strengths (Quotes mainly from clients)
Client service: "They're powerful, with a long reach and influence. They are available, accessible and have good people."

Market standing: "They are very good lawyers and they are very good to deal with."

Work highlights Advised Lend Lease on the development of the mixed-use Olympic Village at Stratford, including infrastructure aspects and community facilities.

Advised Derwent London on its joint venture with Grosvenor to develop 1–5 Grosvenor Place near Hyde Park Corner.

Notable practitioners 

Jane Edwarde acts on a wide range of commercial property transactions, and is qualified in Scotland as well as England and Wales. Clients praise her as "a good communicator," and peers say she is "a real pleasure to deal with."

John Nevin handles development, lettings and investment work. Peers regard him as "a very bright guy" who is "on top of all the issues and very technically strong." 

Significant clients Cabinet Office, Grosvenor, Fishmongers' Company, ITV, Westbrook Partners.

Restructuring/Insolvency - London (Firms)

Basic facts about the department

- 7 partners
- 20 other qualified lawyers

What the team is known for Niche activity advising governments and national banks affected by the eurozone crisis. Further recognised for its representation of companies involved in complex, large-scale restructurings. Brings a full-service team together by drawing on the firm's wider expertise.  

Strengths (Quotes mainly from clients)
Technical ability: "The firm's work is consistently of a very high standard and unfailingly precise."

Bench strength: "Slaughter & May's reputation opens doors, and it backs up that reputation with truly talented partners and excellent expertise at the junior level."

What's new? Vion is a new client win.

Work highlights Advised the trustee for the liquidation of MF Global on the claims related to the special administration of MF Global UK.

Advised Punch Taverns on the potential restructuring solutions of its capital structure and the subsequent implementation.

Notable practitioners

Ian Johnson is the key contact for the practice.

Significant clients European Investment Bank, the Irish government, Portuguese Ministry of Finance, Ricardo Shoreham, Winding-up Board of Glitnir.  

Tax - London (Firms)

Basic facts about the department
-8 partners
-24 other qualified lawyers

What the team is known for Leading tax practice with a reputation for employing top-quality, talented lawyers. Experienced in advising on market-leading transactions, especially at the international level.

Work highlights Advised Diageo on the tax aspects of its proposed acquisition of a majority stake in Indian spirits company United Spirits.

Advised Talisman Energy on the tax aspects of its sale of a 49% interest in Talisman Energy (UK) to Sinopec.

Notable practitioners  

Steve Edge has an outstanding reputation in the market amongst both peers and clients. One sources states: "He is so experienced and has an excellent bedside manner," adding "he is also very good at breaking down confrontational situations." He regularly advises clients on transactional matters as well as representing them in contentious tax disputes.

Head of the tax team, Tony Beare stands out as a leading authority in the corporate tax market. He recently acted as the lead adviser to Talisman Energy on the sale.

Sources say Sara Luder "is incredibly bright, very commercial, has an eye on making sure that we get the best deal we can and is someone we would always prefer to have on our side rather than on the other side." She regularly advises both financial and corporate clients on non-contentious and contentious matters.

Graham Iversen handles both corporate and financial tax matters. Recent work highlights include advising H.M. Treasury on the Business Finance Partnership, a programme which aims to boost the UK economy.

William Watson stands out for his specialist expertise in tax matters relating to real estate transactions. He additionally demonstrates skills in financial and corporate matters. Recent highlights include advising Aviva on its note issuance.

Gareth Miles focuses on transactional tax matters. His recent work has involved a number of M&A deals, including matters with multi-jurisdictional aspects.

Jeanette Zaman handles both direct and indirect tax matters. Corporate tax remains a core focus of her practice and she frequently advises clients on M&A activities and reconstructions.

New partner Dominic Robertson attracts positive comments from market observers. He "consistently impresses" clients, earning praise as "a rising star of the tax market, who has a mind like a steel trap, is incredibly bright and very strong technically."

Significant clients Aviva, Barclays Capital, Bupa, GE, GlaxoSmithKline.

Administrative & Public Law - UK-wide

Basic facts about the department
- 3 partners
- 1 other lawyer

What the team is known for Continues to be admired for its innovative handling of a range of commercial, regulatory and public sector matters. Shows particular strength in work arising in the fields of transport and aviation, energy, finance and telecoms.

Strengths (Quotes mainly from clients)
Market standing: "They have a very strong reputation and they live up to it. They have the ability to provide top-quality legal advice and to do it while understanding the commercial and regulatory environment in which the advice is being delivered."

Bench strength: "The individuals there are supremely capable. What is nice about them is the sheer consistency of the lawyers across the board."

Client service: "You can call them at seven or eight in the evening requiring complex advice and they will get back to you straight away."

Work highlights Advised the Financial Services Compensation Scheme on £4.5 billion of claims arising from the collapse of the Icelandic banking system.

Acted for the Department of Business, Innovation and Skills in connection with the establishment of the UK Green Investment Bank. The Bank aims to invest in environmentally friendly power and infrastructure projects.

Notable practitioners  

Elizabeth Barrett specialises in handling complex contentious regulatory matters and commercial disputes. She has worked on a number of cases relating to the financial crisis of 2008, and is recognised by market sources as a very highly regarded practitioner.

Isabel Taylor handles a range of advisory work in the field of regulated industries. Her distinguished clients include Royal Mail, HM Treasury and RWE.  

Significant clients British Airways, Cable & Wireless Communications, Ministry of Justice, Telecoms Regulatory Authority, UK Asset Resolution.  

Construction - UK-wide

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

What the team is known for Advises on large UK and international construction projects as part of the firm's wider infrastructure and natural resources group.

Work highlights Acted for Lend Lease on construction matters relating to the Olympic Village during and after the London Olympic Games.

Advised Lincs Wind Farm, a joint venture between Centrica, DONG and Siemens, on construction and financing matters relating to the Lincs Offshore Wind Farm. 

Notable practitioners  

Clients are "very impressed" with Steven Edwards. He recently acted for Arsenal on the sale of its Queensland Road site. 

Significant clients Derwent London, Arsenal, Bank of Tokyo-Mitsubishi UFJ, NTT Urban Development. 

Corporate Crime & Investigations - UK-wide

What the team is known for Noted for advising on multi-jurisdictional investigations, with particular expertise in sanctions compliance.

Strengths (Quotes mainly from clients)
Market standing: "Slaughters has a very impressive practice in this area."

Work highlights Advised Standard Chartered Bank on penalty agreements with US authorities in relation to alleged breaches of international sanctions.

Notable practitioners 

New entry to the rankings Jonathan Cotton is recognised as a skilled practitioner and noteworthy presence in the market. He has significant experience of acting for clients in cross-border investigations.

Employee Share Schemes & Incentives - UK-wide

Basic facts about the department

- 2 partners
- 3 other qualified lawyers

What the team is known for Specialises in advising blue-chip companies on the effects that transactions will have upon existing share plans. Also acts in an advisory capacity for many of the multinational companies from the firm's unparalleled corporate group.

Strengths (Quotes mainly from clients)
Client service: "I am always very comfortable with the advice they provide, both in terms of technical content and the speed of delivery."

Commercial awareness: "They are always able to engage in sensible discussion. They warn us off less practical suggestions and help us to implement the better ones." 

Work highlights Assisted Aegis Group with the share scheme aspects of its £3.16 billion takeover by Dentsu.

Advised Terra Firma on the share plan implications of its £825 million acquisition of Four Seasons Healthcare. 

Notable practitioners  

Departmental head Jonathan Fenn stands out for his collaborative approach and is "absolutely excellent at getting the job done." He recently advised Aegis Group in relation to its takeover by Dentsu.

Roland Doughty has a broad and integrated practice, with expertise across employee benefits, employment and pensions law. He is singled out for his ability to "find creative solutions to difficult technical matters."

Significant clients Barratt Developments, Carillion, Colt Group, CSR, 3i Group.

Energy & Natural Resources - UK-wide

Basic facts about the department

- 15 partners
- 45 other qualified lawyers

What the team is known for Advises on massive energy deals, while demonstrating power expertise and significant international capability. An impressive regulatory practice, catering to governments and industry leaders requiring leadership guidance on regulatory initiatives and restructurings.

Strengths (Mainly quotes from clients)
Bench strength: "I have such high regard for the firm. We want that quality of counsel, and that's why we keep going back."

Client service: "The Slaughters people make my life a lot easier - they bring a significant amount of value to a case and go well beyond the minimum required of them."

Work highlights Represented Talisman Energy in a proposed sale of a 49% stake in the company to Sinopec for USD1.5 billion.

Acted for Kosmos Energy on its corporate revolving credit facility of USD3 billion.

Notable practitioners  

Paul Stacey advised on the £425 million Lincs Wind Farm financing, and continues to advise the Department of Energy & Climate Change in respect of electricity market reform contract development and financing arrangements relating to nuclear decommissioning. Peers single Stacey out for his work with the government, affirming that he is "a very safe pair of hands."

Significant clients AES Solar Energy Group, DONG Energy, Centrica, Premier Oil, YTL Power International.

Financial Services - UK-wide

Basic facts about the department
- 14 partners
- 13 other qualified lawyers
- Office locations ranked: London

What the team is known for Remains a top choice for clients seeking advice on complex financial services matters. Provides cross-sector service, acting across all sectors of the financial services industry including for investment managers, brokers and insurance companies. 

Strengths (Quotes mainly from clients)
Commercial awareness: "They understand us, they understand our business extremely well, and they know what works and doesn't work."

Client service: "In a nutshell the service is exceptional."  

What's new? The group has recently received instructions from a number of new clients including World Bank and Which?, and has also handled some pro bono work for Financial Services Volunteer Corps.

Work highlights Acted for Euroclear on its £26 million sale of Xtrakter to MarketAxess Holdings.

Advised Direct Line Insurance Group on the regulatory aspects of its IPO and separation from RBS, which was a condition imposed by the European Commission.

Notable practitioners  

Contentious specialist Elizabeth Barrett provided advice to the Financial Services Compensation Scheme, with regard to more than £4.5 billion of claims arising out of the Landsbanki collapse. 

Deborah Finkler is head of dispute resolution at the firm. She represented Deutsche Bank in connection with an investigation being conducted into interbank rate fixing, which spanned multiple jurisdictions.

Sources note that Ben Kingsley "is very commercial" and "has a wonderful way of being able to cut through the complex stuff." He advised HM Treasury on the first set of Business Finance Partnership investments. 

Jan Putnis recently advised Standard Chartered on multiple debt capital market issues that involved regulatory issues, including the issue of EUR1.25 billion 1.75% Senior Notes due in 2017, under its USD50 billion Debt Issuance Programme.

Significant clients Euroclear, HM Government, American Express, Moody's, GE.

Insurance - UK-wide

What the team is known for Handles high-level, complex insurance and reinsurance matters for major insurers, policyholders and brokers, frequently engaging in multi-jurisdictional disputes. Key expertise across a broad range of areas, including political risk insurance, D&O and asbestos-related claims.

Strengths (Quotes mainly from clients)
Client service: "I always get a good result. They produce superb results at a reasonable cost. They have a team that's efficient."

Technical ability: "One can never underestimate their intellectual calibre."

Work highlights Recently advised Marsh regarding claims resulting from the insolvency of English & American Insurance.

Advised Equitas on matters pertaining to the insolvency of Folksam International Insurance. 

Notable practitioners  

Efstathios Michael handles all of the team’s high-profile insurance and reinsurance matters. Sources praise his "hands-on" manner, with one remarking: "He comes up with practical avenues to a solution, avoiding outright litigation wherever possible. But if litigation is required, he's a fierce advocate."  

Significant clients Equitas/Resolute, Homeserve, Marsh, Rhenas Insurance, Willis.

Insurance - UK-wide

Basic facts about the department
- 8 partners
- 37 other qualified lawyers
- Office locations ranked: London

What the team is known for Renowned for acting on high-profile, complex insurance transactions, such as M&A, capital markets and risk-transfer matters. Also proficient in a wide range of other insurance-specific work, such as funds mergers, pensions de-risking and regulatory advisory work.

Strengths (Quotes mainly from clients)
Technical ability: "It's a combination of their technical knowledge - which is absolutely first class - and their ability to provide commercial, pragmatic solutions to what are often complex legal matters."

Technical ability: "The work is thoughtful and creative, and they always deliver when we ask them. They're also very good at doing more for the relationships. They make a point of being proactive."

Industry knowledge: "They have some very good people with a great deal of knowledge about how the industry works. For that reason they're able to advise their clients effectively."

Work highlights Advised Old Mutual on the sale of its Nordic business to Skandia for SEK22.5 billion (£2.1 billion).

Advised Direct Line on its IPO of ordinary shares and separation from RBS.

Notable practitioners  

Oliver Wareham, head of the insurance group, is complimented by sources as "a bright chap" who is "good to deal with." He is a specialist in demutualisations, joint ventures and Part VII transfers, and is considered by the market to be an expert on regulatory issues. 

Craig Cleaver has a corporate, financing and insurance practice, including experience in longevity swaps, flotations and demutualisations. He recently advised Allianz on a ten-year distribution agreement with HSBC for life insurance for the Asian market. One client describes him as "a first-class lawyer. He's got a very profound knowledge of the industry."

Significant clients AEGON, Aviva, Friends Life, Standard Life, Resolution.

Investment Funds - UK-wide

What the team is known for Fields an experienced team, with strong emphasis on funds-related M&A activity. Highly-rated for its closed-ended listed funds knowledge and cross-border transactional ability.

Strengths (Quotes mainly from clients)
Responsiveness: "They are pragmatic and commercial, and always timely and responsive."

Technical ability: "They've done the vast majority of our work - absolutely first rate." 

Work highlights Advised Pembroke Heritage Fund on the establishment of a listed investment fund, which raised USD35 million.

Acted for HM Treasury on £600 million worth of investments made into funds managed by M&G, Haymarket, Prioca and Alcentis, as part of the Business Finance Partnership.

Notable practitioners Robin Ogle is a key contact here.

Significant clients Aviva, Baring Emerging Europe Trust, Legal & General, Montpelier, Polar Capital.

Life Sciences - UK-wide

Basic facts about the department
- 6 partners

What the team is known for Advises market-leading names on life sciences-related transactions, investments and commercial considerations.

Strengths (Quotes mainly from clients)
Technical ability: "They're able to draft agreements in a way that brings clarity to the situation. I like their ability to cover all eventualities, known and unknown."

Bench strength: "What makes them stand out is how far down through the team the quality goes."

Work highlights Advised GlaxoSmithKline on a number of transactions, including the disposal of various brands to Omega Pharma for £391 million. 

Advised LGC Science Holdings on the refinancing of a number of existing loans and credit facilities.

Notable practitioners  

David Johnson is seen as an impressive practitioner who is "unflappable under pressure" and "really understands the sector."

Significant clients GE Healthcare, ViiV Healthcare, Lohmann & Rauscher, Shire, Forest Laboratories.

Outsourcing - UK-wide

Basic facts about the department

- 7 partners
- 24 associates
- Office locations ranked: London 

What the team is known for Known for high-profile, strategic outsourcings covering technology services and business processes, most notably for clients in the regulated industries and public sectors. Strong expertise in dispute resolution.

Strengths (Quotes mainly from clients)
Commercial awareness: "They are excellent at keeping up with the commercial side of the business; they get to the heart of it and knit it all together."

Strategic planning: "The team has an excellent grasp of what we do and what we are trying to achieve. We use them for complex work."

Market standing: "We draw credibility from our providers and their lawyers have much well-earned respect from the key people they deal with. They may come into it with the benefit of the brand, but their people deliver it."

Work highlights Advised Direct Line on a business-critical service agreement entered into with RBS.

Assisted DONG Energy on its outsourcing to Utiligroup of the functions of a business supplying electricity to UK businesses. 

Notable practitioners  

Rob Sumroy receives superlative praise from the market. "His creativity sets him apart," according to sources.  Another suggests that "he is first-class in negotiations, extremely professional and affable, but has the steel required when a negotiation becomes fractious."

David Ives advises on key outsourcing contracts, including the Direct Line matter noted above. Sources describe him as an incisive commercial lawyer.

Significant clients Aviva, Carillion, Ladbrokes, Marsh, Royal Mail.

Pensions Litigation - UK-wide

What the team is known for Operates out of the firm's dispute resolution group. Acts on wide-ranging pensions litigation for trustees, employers, actuaries and pension advisers. Remains a popular choice for high-end, complex matters.

Strengths (Quotes mainly from clients)
Market standing: "A first-rate outfit."

Breadth of services: "Members can turn their hands to anything."

What's new? Richard Clark was recently made executive partner at the firm and no longer heads up the pensions litigation group.

Work highlights Advised SEB Trygg Liv in a Stockholm Chamber of Commerce arbitration relating to the acquisition of a life assurance company and pensions mis-selling.

Acted for Associated British Ports Holdings in Part 8 court proceedings in connection with a £200 million pension scheme deficit and subsequent appeal.

Notable practitioners  

Efstathios Michael is the key contact.

Significant clients Mercer.

Private Equity - UK-wide

What the team is known for Represents sponsors and private and public companies on buyout transactions, including those at the top end of the market. Highly respected M&A and finance teams provide clients with broad structuring expertise on bespoke deals.

Strengths (Quotes mainly from clients)
Client service: "They gave us excellent advice and service levels."

Bench strength: "It is an excellent law firm with very strong associate ranks."

What's new? New clients include Oaktree Capital Management and TPG Capital.

Work highlights Advised Global Infrastructure Partners on the £807.2 million acquisition of Edinburgh Airport.

Represented ISS and its majority owners, GS Capital and EQT, on a EUR500 million investment in ISS by the Ontario Teachers' Pension Plan and Kirkbi Invest.

Notable practitioners  

Jeffrey Twentyman is a "highly practical, highly commercial lawyer" who "cuts very quickly to the answer," impressed clients report. He represented Terra Firma on its acquisition of Four Seasons Health Care for £825 million.

Significant clients 3i, Francisco, Goldman Sachs Capital, Palamon, PSPIB.

Projects - UK-wide

What the team is known for Advises lenders and sponsor clients on domestic and international projects. Experienced in a wide variety of sectors including transport, energy, infrastructure, power and renewables.

What's new? New clients include Rialto Energy.

Work highlights Advised the lenders on the Mostorod oil refinery project in Egypt.

Advised Centrica in relation to a joint venture with DONG Energy to develop offshore wind farms in the Irish Sea.

Notable practitioners 

Steven Galbraith handles project financing mandates in the energy and infrastructure sectors. He advised the lenders on an offshore gas project in Côte d’Ivoire.

Helen Griffiths advises on infrastructure and energy financing projects. She advised the European Investment Bank on the financing of the Peel Ports project in Liverpool. Sources say: "She is a really good lawyer, she has a fantastic angle into Egypt and has done a lot of work there. A pleasure to deal with."

Significant clients African Development Bank, Lincs Offshore Wind Farm, Department of Energy and Climate Change, Kosmos.   

Retail - UK-wide

What the team is known for Frequently involved in retail corporate transactions, advising on acquisitions, joint ventures and international franchising issues from a strategic perspective. 

Strengths (Quotes mainly from clients)
Client service: "I found them to be extremely good. Members are extremely professional, know the law and do the right thing for you, and are also very approachable."

Work highlights Advised Ocado on financing and placing to raise around £35.8 million for the expansion of its business.

Advised Arsenal Football Club on its new ten-year lease for a flagship store in Brent Cross Shopping Centre.

Notable practitioners  

Corporate partner Andy Ryde is the main contact.

Significant clients Ocado, Mothercare, Marks & Spencer, Heal's, ASDA.

Tax - UK-wide

Basic facts about the department
- 18 partners
- 59 other qualified lawyers
- Recommended office locations: London

What the team is known for Expert handling of high-value, complex tax disputes covering a range of matters, including VAT, structured finance, income tax and National Insurance. Consistent quality with regard to international tax investigations and litigation.

Work highlights Acted for Ford on its successful appeal against an HMRC decision concerning £93 million of income tax paid before the year 2000.

Advised six clients, including BUPA and Nationwide Building Society, in connection with appeals against the refusal by HMRC to allow claims to consortium relief.

Notable practitioners  

Sarah Lee "has a fantastic ability to look into the future and predict how things will play out," say sources. She took the lead in the Ford matter.

Significant clients BUPA, Ford, Nationwide Building Society, The Reed Group.

Telecommunications - UK-wide

What the team is known for High-quality transactional practice supporting telecoms clients in acquisitions and industry financing.

Strengths (Quotes mainly from clients)
Client service: "I think they have an extremely client-focused and innovative approach. The team cuts through issues to what matters, and is quite commercial."

Responsiveness: "The team is willing to reply and give advice over the weekends; they really are available."

Work highlights Continues to provide legal support to Cable & Wireless on the divestment of its Monaco & Islands unit to Batelco.

Acted for Telenor on a cash tender offer for fixed rate notes under its debt issuance programme. 

Notable practitioners  

Corporate partner Jeff Twentyman remains a primary contact for the telecoms practice.

Significant clients Ericsson, Everything Everywhere, Telecom Italia, Vodafone.