Skadden is a leading firm in the US for debt capital markets, M&A, structured finance, restructuring and insolvency, financial services regulatory, and also maintains excellent banking, equity capital markets, project finance, project development, hedge funds and private equity practices. A powerhouse corporate firm, anything related to acquisitions is squarely in the firm’s wheelhouse.
Peace | Crowellis a boutique firm whose professionals advise developers, contractors, utilities and government entities on complex projects in the United States, the United Kingdom and internationally. We have represented clients in some of the largest project development and financing transactions in history, and we regularly work with and opposite the largest international advisory and consulting firms in the business.
Recently, Peace | Crowell has been engaged as lead counsel to an international government client in connection with all aspects of commercial and financing arrangements for a new build nuclear power project in the Middle East, including a $24.4 billion USD financing, which received the “Public Sector Financing Deal of the Year” award at the IJGlobal Awards 2016 for the Middle East & North Africa region; the “Global Finance Deal of the Year: Projects (Middle East)” 2017 award as announced by The American Lawyer; and the “Project Finance Deal of the Year” at the 2017 International Financial Law Review Middle East Awards.
Peace | Crowell was listed as a new entrant to the global infrastructure finance league tables for 2016, ranking 13th for the year among the top legal advisors by deal value according to IJGlobal’s report.
Herbert Smith Freehills has long been regarded as one of London’s leading litigation firms – and ferocious litigators at that. However, in the 1990s it made efforts to be seen as more than that, electing a series of senior partners from its corporate practice including Edward Walker-Arnott, a City grandee well known for transactional work, and then Richard Bond. On the corporate side the firm handled a lot of the big demutualisations of huge building societies and worked on the Time Warner deal alongside Cravath, with which it had a referral relationship.
The litigators remain at the top of the tree today, however. Herbert Smith has a big practice acting for banks and has been very evident on the Libor cases and general financial crisis litigation.
The firm had a number of prominent female partners in the 1990s, notably corporate rainmaker Marian Pell and Margaret Mountford of Apprentice fame; however, that hasn’t really translated into a female partnership pipeline.
Herbert Smith launched in Hong Kong early but was very late to the table in Europe, apart from a small Paris office. An alliance with Germany’s Gleiss Lutz and Belgium’s Stibbe began in 2001 and for a long time they tried to brand the firms together – the business cards showed them together and the firms also persuaded the M&A tables to count all their deals together, but it was never close to a verein structure. The alliance came to an end in 2011 after the continental firms rejected Herbert Smith offer of a full merger. After that Herbert Smith pushed on in Europe with a series of raids on firms including Gleiss.
Clifford Chance is a powerhouse across the financial and corporate sphere with highly rated partners and a deep bench in almost all areas. One of the world’s pre-eminent law firms, the firm has a significant depth and range of resources across five continents.