Mr Richard Pugh > Dechert LLP > London, England > Lawyer Profile
Dechert LLP Offices
25 Cannon Street
LONDON
EC4M 5UB
England
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Mr Richard Pugh
Work Department
Global Finance
Position
Partner
Career
Richard Pugh, a partner in Dechert’s global finance practice, focuses his practice on UK and European commercial real estate finance and securitization. Mr. Pugh has significant experience advising on commercial real estate lending, commercial mortgage-backed securitizations, term asset-backed securitizations (including residential, auto and credit card), securitized lending, fund and subscription finance, structured repacks and collateralized loan obligations. As a former director and assistant general counsel at Bank of America, Mr. Pugh leverages his deep understanding and knowledge of the real estate finance and securitization industry to represent clients in their most complex matters.
Mr. Pugh’s also maintains an active pro bono practice, working on and supervising a number of matters through Trust Law and Kids in Need of Defense (KIND).
Education
- King’s College London, LL.B. (Hons), 1996
Lawyer Rankings
London > Real estate > Property finance
Dechert LLP‘s practice predominantly concentrates on the lender-side, but extends to acting for these lender clients in their capacity as borrower, or seller, in back-leverage arrangements. Department head Aparna Sehgal leads on loan-on-loans and repurchase facilities, and routinely represents the interests of whole loan and senior lenders, mezzanine debt providers, and both back-leverage counterparties. John McGrath advises banks and buy-side parties on performing and non-performing financial products, often involving enforcement or restructuring of derivatives and securitisations. Richard Pugh is active on commercial mortgage-backed securitisations.
London > Finance > Securitisation
Dechert LLP has a large global finance practice, for which securitisation is a key source of work. Head of structured finance and real estate Aparna Sehgal oversees the London office’s securitisation work, for which John McGrath and Richard Pugh are the standout partners. Noteworthy new additions to the team include Aaron Scott, a structured finance and securitisation specialist who heads up the firm’s CLO offering, where he is assisted by counsel Glenn Weston and associate Rory O’Connor. Consequently, the firm has seen growth in CLO transactions and repo securitisations, though it also continued to advise on a wide variety of structures. McGrath and Weston acted for Palmer Square Europe Capital Management LLC in the establishment of a warehouse financing facility, and the issuance of €503m in CLO notes backed by a portfolio of primarily senior secured loans, senior secured bonds, unsecured senior loans, second lien loans, mezzanine obligations and high yield bonds. They also assisted the same client with a €389m CLO deal that included the ‘uptier priming’ concept, which is a new feature in the CLO market.
Lawyer Rankings
Top Tier Firm Rankings
- Employment > Senior executives
- Risk advisory > Regulatory investigations and corporate crime (advice to corporates)
Firm Rankings
- Investment fund formation and management > Hedge funds
- Finance > Acquisition finance
- Finance > Debt capital markets
- Finance > Derivatives and structured products
- Industry focus > Emerging markets
- Employment > Employers
- Crime, fraud and licensing > Fraud: civil
- Crime, fraud and licensing > Fraud: white-collar crime (advice to individuals)
- Corporate and commercial > Partnership
- Real estate > Property finance
- Finance > Securitisation
- Dispute resolution > Banking litigation: investment and retail
- Dispute resolution > Commercial litigation: premium
- Corporate and commercial > Equity capital markets – small-mid cap
- Corporate and commercial > Financial services: non-contentious/regulatory
- Insurance > Insurance and reinsurance litigation
- Investment fund formation and management > Private funds
- Finance > Corporate restructuring & insolvency
- Corporate and commercial > Corporate tax
- Corporate and commercial > EU and competition
- Corporate and commercial > Private equity: transactions – high-value deals (£500m+)
- Corporate and commercial > M&A: Upper Mid-Market And Premium Deals, £750m+