Award Chambers & Partners

A Client's Guide to the UK Legal Profession 2011: Banking & Finance

On an annual basis, Chambers & Partners conducts extensive research and analysis in compiling its objective list of talent available at the highest level of UK legal practice. Its research methodology has been independently audited and confirmed to be thorough, robust and complete.

In Chambers' 2011 review of legal talent in the area of Banking & Finance, our Firm is listed among the best in the UK.

Chambers' comments:

Banking & Finance: Sponsors

London Ranking: Tier 1

The Firm: Clients call on Kirkland & Ellis for its "partner-led focus" and impressive geographic coverage: "What is most useful for us is that it has offices across the world," said one source. It represents an impressive list of private equity firms, including Bain Capital and Apollo Management, on pan-European and international leveraged finance transactions. The firm has responded to difficult market conditions by advising sponsors on distressed investments and the restructuring of debt obligations. It advised new client Palamon Capital Partners and portfolio company Towry Law on the restructuring of the Towry Law's financing arrangements.

Sources Say: "The firm as a whole is very plugged in. Its lawyers are able to think outside the box and be creative."

Key Individuals: Stephen Gillespie specialises in European acquisition finance. His key clients include Irving Place Capital Management and Oaktree Capital Management, which he recently advised on the purchase of USD485 million of Chesapeake's assets. He is rated by clients as a "guru of the market" and a "wise and business-savvy deal doer." John Markland is praised by clients for his accessibility: "He is very responsive to our requests which sometimes can be quite urgent in nature." He has a broad skill set, acting for both lenders and sponsors in debt finance transactions. He represented Vestar Capital in its negotiations with BNP Paribas on the debt and equity restructuring of the Seves Group. Philip Crump is developing an excellent reputation for his work on multi-jurisidictional LBOs. Sources say he "has a great work ethic, is very motivated and gives sound commercial advice." Commentators single outNeel Sachdev for his "ability to get to the nub of a commercial matter quickly." He has an impressive client base, including TowerBrook Capital Partners and Apax Partners.

Reprinted with permission from Chambers UK, A Client's Guide to the UK Legal Profession 2011 — www.chambersandpartners.com.