France: Capital Markets 2016
Europe’s capital markets are less than half the size of its transatlantic neighbour and European businesses are raising about five times less than their US equivalents. In response to a need for “deeper” capital markets across the single market, the European Commission recently launched its Capital Markets Union Action Plan, which includes measures to relaunch high-quality securitisation. Ultimately the plan will help increase and diversify the funding sources for Europe’s businesses and break down barriers that are blocking cross-border investments.
This chapter recognises 21 leading lawyers.
Cleary Gottlieb Steen & Hamilton garners three listings this year, including the “esteemed” Andrew Bernstein who is regarded by peers as “a leader in Franco-American securities offerings”. Alongside him, Pierre-Yves Chabert, runs a “prestigious practice” that encompasses capital markets transactions and securities regulations. Fabrice Baumgartner is commended for his “keen attention to detail” in high-value IPOs.
Two leading lawyers at Linklaters achieve nominations in this chapter. The “outstanding” Bertrand Sénéchal acts on major debt and equity transactions in the French market. He is joined by Bertrand Andriani who is “absolutely brilliant” and “a structure finance guru”, according to peers.
White & Case also receives two listings, including the “sensational” Séverin Robillard. His clients include issuers and bankers, who he advises on matters relating to equity and debt issuances, and derivative transactions. Gilles Endréo is a renowned practitioner, offering clients “a highly creative approach to complex securities offerings”.
Cédric Burford is one of two advocates from Clifford Chance who are listed this year. He is praised by clients for his “technical expertise” in the field, particularly with regards to debt and equity-linked bond issues. Alex Bafi is widely seen to be a leader in the European equity and debt markets. He recently advised Credit Suisse, Morgan Stanley and BNP Paribas on Solvay's $6.8 billion equity and debt offerings.
At Allen & Overy, Dan Lauder is lauded for his “careful handling of complex issues”. The “exceptional” Marc Castagnède specialises in international capital markets transactions.
Hogan Lovells also garners two nominations in this chapter. Philip Boys is a “prominent figure” in the field, and provides “first-rate” capital markets advice to clients. Also representing the firm is the “excellent” Sharon Lewis, who is noted for her “vast experience” in the field.
Patrick Bonvarlet at Sullivan & Cromwell is admired by industrial clients for his “intricate knowledge” of the practice area.
Shearman & Sterling is represented by the “sensational” Hervé Letréguilly, who specialises in French and international capital markets issues.
At Simmons & Simmons, Colin Millar is regarded as a “stand-out” individual for his work for senior and mezzanine debt providers.
Willkie Farr & Gallagher is represented by the “terrific” Daniel Hurstel, who works with both French and international clients, and is a member of the firm’s executive committee and chairs the European committee.
Arnauld Achard at Orrick Herrington & Sutcliffe is revered as a “top-tier” advocate with particular expertise dealing with debt securities, derivative instruments and securitisation.
At Freshfields Bruckhaus Deringer, Hervé Touraine is praised for the “creative” and “practical” solutions that he delivers to clients.
The “impressive” Arnaud David at King & Wood Mallesons is “a cut above the rest” when it comes to advising on equity and debt investments.
Pierre Clermontel at Debevoise & Plimpton is the managing partner of the firm’s office in Paris, and is delivers “excellent” counsel to clients regarding IPOs and global offerings.